Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.0%
1 yr return
12.6%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$690 M
Holdings in Top 10
8.9%
Expense Ratio 0.39%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund normally invests at least 80% of its assets in the United States. The fund invests primarily in bonds and other debt instruments, which may be represented by derivatives. In seeking to achieve a high level of current income, the fund invests in a broad range of debt securities across the credit spectrum. Normally, the fund will invest its assets across three primary sectors: high-yield corporate debt, investment grade corporate debt and securitized debt. The proportion of securities held by the fund within each of these credit sectors will vary with market conditions and the investment adviser’s assessment of their relative attractiveness as investment opportunities. The fund may opportunistically invest in other sectors including, but not limited to, U.S. government debt, municipal debt and non-corporate credit, in response to market conditions. The fund may invest in debt securities of any maturity or duration.
The fund may invest substantially in securities rated Ba1 or below and BB+ or below by Nationally Recognized Statistical Ratings Organizations designated by the fund’s investment adviser, or in securities that are unrated but determined to be of equivalent quality by the fund’s investment adviser. Such securities, sometimes referred to as “junk bonds," may be in the high-yield corporate debt sector or the securitized debt sector or any sector in which the fund may invest opportunistically. The fund may also invest up to 20% of its assets tied economically to countries outside the United States.
The fund may invest in futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.
The fund is nondiversified, which means it may invest a greater portion of its assets in fewer issuers than would otherwise be the case.
The fund’s assets are managed by a team of portfolio managers. Under this approach, the fund’s managers work together to oversee the fund’s entire portfolio. For more information regarding the investment process of the fund, see the “Management and organization” section of this prospectus.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
Period | CGMS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | N/A | N/A | N/A |
1 Yr | 12.6% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | CGMS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.0% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Period | CGMS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | N/A | N/A | N/A |
1 Yr | 12.6% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | CGMS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.5% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
CGMS | Category Low | Category High | CGMS % Rank | |
---|---|---|---|---|
Net Assets | 690 M | N/A | N/A | N/A |
Number of Holdings | 1018 | N/A | N/A | N/A |
Net Assets in Top 10 | 78.5 M | N/A | N/A | N/A |
Weighting of Top 10 | 8.87% | N/A | N/A | N/A |
Weighting | Return Low | Return High | CGMS % Rank | |
---|---|---|---|---|
Bonds | 87.15% | N/A | N/A | N/A |
Other | 8.74% | N/A | N/A | N/A |
Stocks | 3.67% | N/A | N/A | N/A |
Cash | 0.43% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | CGMS % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | CGMS % Rank | |
---|---|---|---|---|
US | 3.67% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | CGMS % Rank | |
---|---|---|---|---|
Derivative | 0.78% | N/A | N/A | N/A |
Cash & Equivalents | 0.35% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | CGMS % Rank | |
---|---|---|---|---|
US | 86.77% | N/A | N/A | N/A |
Non US | 0.38% | N/A | N/A | N/A |
CGMS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.39% | N/A | N/A | N/A |
Management Fee | 0.39% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
CGMS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
CGMS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
CGMS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
CGMS | Category Low | Category High | CGMS % Rank | |
---|---|---|---|---|
Dividend Yield | 6.22% | N/A | N/A | N/A |
CGMS | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
CGMS | Category Low | Category High | CGMS % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
CGMS | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.143 | OrdinaryDividend |
Sep 27, 2024 | $0.108 | OrdinaryDividend |
Aug 30, 2024 | $0.125 | OrdinaryDividend |
Jul 31, 2024 | $0.155 | OrdinaryDividend |
Jun 27, 2024 | $0.116 | OrdinaryDividend |
Apr 30, 2024 | $0.138 | OrdinaryDividend |
Mar 27, 2024 | $0.127 | OrdinaryDividend |
Feb 29, 2024 | $0.128 | OrdinaryDividend |
Jan 31, 2024 | $0.136 | OrdinaryDividend |
Dec 28, 2023 | $0.172 | OrdinaryDividend |
Nov 30, 2023 | $0.120 | OrdinaryDividend |
Oct 31, 2023 | $0.151 | OrdinaryDividend |
Sep 29, 2023 | $0.129 | OrdinaryDividend |
Aug 31, 2023 | $0.143 | OrdinaryDividend |
Jul 31, 2023 | $0.125 | OrdinaryDividend |
Jun 30, 2023 | $0.123 | OrdinaryDividend |
May 31, 2023 | $0.147 | OrdinaryDividend |
Apr 28, 2023 | $0.124 | OrdinaryDividend |
Mar 31, 2023 | $0.153 | OrdinaryDividend |
Feb 28, 2023 | $0.086 | OrdinaryDividend |
Jan 31, 2023 | $0.104 | OrdinaryDividend |
Dec 29, 2022 | $0.142 | OrdinaryDividend |
Nov 30, 2022 | $0.107 | OrdinaryDividend |
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