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 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.9%
1 yr return
12.5%
3 Yr Avg Return
0.2%
5 Yr Avg Return
2.3%
Net Assets
$54.8 M
Holdings in Top 10
15.2%
Expense Ratio 0.60%
Front Load N/A
Deferred Load N/A
Turnover 56.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund is an actively managed exchange traded fund (“ETF”) that seeks to achieve its investment objective through investment in debt securities issued by corporate entities (“Corporate Debt”) that are domiciled in, or economically tied to, emerging market countries. The issuers of such Corporate Debt will include public, private, and state-owned or sponsored corporations. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Corporate Debt. For these purposes, Corporate Debt includes fixed income securities, such as bonds, notes, money market securities and other debt obligations (such as loan participation notes) of emerging market issuers. Corporate Debt does not include derivatives.
The Fund intends to focus its investment on Corporate Debt issued in U.S. dollars. The Fund also may invest in Corporate Debt denominated in the local currency of emerging market countries. Non-U.S. dollar denominated debt is sometimes referred to as “local debt.” Local debt provides exposure to changes in the value of such non-U.S. currencies against the U.S. dollar. Corporate Debt includes debt securities issued by supranational organizations, such as the European Investment Bank, International Bank for Reconstruction and Development or International Finance Corporation, or other regional development banks. The Fund may invest to a limited extent in debt securities of emerging market governments (also known as “sovereign debt”) and debt securities linked to inflation rates in emerging market countries.
The Fund intends to seek exposure to Corporate Debt from the following regions: Africa, Asia, Eastern Europe, Latin America and the Middle East. Within these regions, the Fund may invest in countries such as: Argentina, Bahrain, Barbados, Brazil, Chile, China, Colombia, Croatia, Czech Republic, Dominican Republic, Egypt, El Salvador, Hong Kong, Hungary, India, Indonesia, Israel, Jamaica, Kazakhstan, Kuwait, Macau, Malaysia, Mexico, Mongolia, Morocco, Nigeria, Oman, Peru, the Philippines, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey, Ukraine, and the United Arab Emirates. This list may change based on market developments. The Fund employs a structured investment approach that utilizes “top down” analysis of macroeconomic factors and “bottom up” analysis of emerging market countries and issuers. The Fund’s credit exposures are monitored and may be modified, reduced or eliminated. The Fund’s exposure to any single issuer generally will be limited to 10% of the Fund’s net assets. The Fund’s exposure to any single country generally will be limited to 30% of the Fund’s net assets. The percentage of Fund assets invested in a specific region, country or issuer will change from time to time.
The universe of emerging market Corporate Debt currently includes securities that are rated “investment grade” as well as “non-investment grade” (commonly referred to as “junk bonds”). The Fund intends to provide a broad exposure to emerging market Corporate Debt and therefore will invest in both investment grade and non-investment grade securities. Securities rated investment grade generally are considered to be of higher credit quality and subject to lower default risk. Although securities rated below investment grade may offer the potential for higher yields, they generally are subject to a higher potential risk of loss.
The Fund attempts to maintain an aggregate portfolio duration of between two and ten years under normal market conditions. Aggregate portfolio duration is important to investors as an indication of the Fund’s sensitivity to changes in interest rates. The Fund’s actual portfolio duration may be longer or shorter depending upon market conditions. The Fund may also invest in short-term money market securities denominated in U.S. dollars or the currencies of countries in which the Fund invests.
The Fund may invest up to 20% of its net assets in derivatives, such as swaps, U.S. Treasury futures, and forward currency contracts. The Fund’s use of derivatives will be underpinned by investments in cash or other liquid assets (typically short-term, high-quality money market securities). The Fund also may enter into repurchase agreements, which are transactions in which the Fund purchases securities or other obligations from a bank or securities dealer and simultaneously agrees to resell them to a counterparty at an agreed-upon date or upon demand and at a price reflecting a market rate of interest unrelated to the coupon rate or maturity of the purchased obligations.
The Fund must invest at least 80% of its net assets directly in Corporate Debt. The decision to secure exposure through direct investment in Corporate Debt or indirectly through derivative transactions will be a function of, among other things, market accessibility, credit exposure, tax ramifications and regulatory requirements applicable to U.S. investment companies. If, subsequent to an investment, the Fund’s 80% requirement is no longer met, the Fund’s future investments will be made in a manner that will bring the Fund into compliance with this policy. The Trust will provide shareholders with sixty (60) days’ prior notice of any change to this policy for the Fund.
As of September 30, 2023, companies assigned to the Energy, Financials and Industrials sectors comprised a significant portion (i.e., approximately 15% or more) of the Fund’s assets. The sectors represented in the Fund, as well as the extent of such representation, are expected to vary over time.
Period | EMCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | -4.5% | 471.0% | 45.92% |
1 Yr | 12.5% | 0.0% | 506.2% | 57.82% |
3 Yr | 0.2%* | -8.4% | 59.5% | 40.14% |
5 Yr | 2.3%* | -7.1% | 29.6% | 11.07% |
10 Yr | 2.9%* | -5.3% | 14.6% | 21.74% |
* Annualized
Period | EMCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -10.6% | 17.8% | 75.85% |
2022 | -16.4% | -29.1% | -2.4% | 36.27% |
2021 | -3.9% | -24.0% | 2.7% | 6.43% |
2020 | 4.2% | -14.0% | 9.7% | 6.64% |
2019 | 8.7% | -6.4% | 13.0% | 43.07% |
Period | EMCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | -4.5% | 471.0% | 45.92% |
1 Yr | 12.5% | 0.0% | 506.2% | 57.82% |
3 Yr | 0.2%* | -8.4% | 59.5% | 40.14% |
5 Yr | 2.3%* | -7.1% | 29.6% | 11.07% |
10 Yr | 2.9%* | -5.3% | 14.6% | 21.74% |
* Annualized
Period | EMCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.8% | -0.6% | 20.0% | 85.37% |
2022 | -13.0% | -27.6% | -1.7% | 47.18% |
2021 | -0.6% | -18.5% | 7.4% | 13.21% |
2020 | 8.6% | -7.8% | 18.0% | 5.54% |
2019 | 13.4% | -3.0% | 23.0% | 45.69% |
EMCB | Category Low | Category High | EMCB % Rank | |
---|---|---|---|---|
Net Assets | 54.8 M | 565 K | 14.8 B | 74.83% |
Number of Holdings | 158 | 4 | 1860 | 77.55% |
Net Assets in Top 10 | 10 M | -134 M | 1.25 B | 78.23% |
Weighting of Top 10 | 15.15% | 5.8% | 102.2% | 70.10% |
Weighting | Return Low | Return High | EMCB % Rank | |
---|---|---|---|---|
Bonds | 97.57% | 0.00% | 105.61% | 22.45% |
Convertible Bonds | 2.57% | 0.00% | 8.47% | 11.00% |
Cash | 2.42% | 0.00% | 24.01% | 75.85% |
Other | 0.01% | -13.89% | 86.73% | 55.44% |
Stocks | 0.00% | -0.01% | 96.53% | 98.98% |
Preferred Stocks | 0.00% | 0.00% | 2.76% | 100.00% |
Weighting | Return Low | Return High | EMCB % Rank | |
---|---|---|---|---|
Corporate | 77.21% | 0.00% | 91.26% | 11.00% |
Government | 22.79% | 0.00% | 99.79% | 86.25% |
Cash & Equivalents | 2.23% | 0.00% | 23.23% | 52.38% |
Derivative | 0.01% | -3.00% | 13.76% | 41.84% |
Securitized | 0.00% | 0.00% | 2.41% | 100.00% |
Municipal | 0.00% | 0.00% | 0.00% | 100.00% |
Weighting | Return Low | Return High | EMCB % Rank | |
---|---|---|---|---|
US | 97.57% | -42.31% | 99.15% | 10.88% |
Non US | 0.00% | 0.00% | 132.49% | 100.00% |
EMCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.02% | 32.92% | 91.47% |
Management Fee | 0.60% | 0.00% | 1.10% | 30.27% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.65% | N/A |
EMCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
EMCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | 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.
EMCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 56.00% | 0.00% | 218.00% | 57.98% |
EMCB | Category Low | Category High | EMCB % Rank | |
---|---|---|---|---|
Dividend Yield | 5.49% | 0.00% | 22.22% | 62.59% |
EMCB | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
EMCB | Category Low | Category High | EMCB % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.48% | -2.28% | 8.00% | 78.40% |
EMCB | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 28, 2024 | $0.300 | OrdinaryDividend |
Sep 25, 2024 | $0.300 | OrdinaryDividend |
Aug 27, 2024 | $0.290 | OrdinaryDividend |
Jul 26, 2024 | $0.280 | OrdinaryDividend |
Jun 25, 2024 | $0.280 | OrdinaryDividend |
Apr 24, 2024 | $0.270 | OrdinaryDividend |
Mar 22, 2024 | $0.255 | OrdinaryDividend |
Feb 23, 2024 | $0.250 | OrdinaryDividend |
Jan 25, 2024 | $0.215 | OrdinaryDividend |
Dec 22, 2023 | $0.568 | OrdinaryDividend |
Nov 24, 2023 | $0.270 | OrdinaryDividend |
Oct 25, 2023 | $0.260 | OrdinaryDividend |
Sep 25, 2023 | $0.248 | OrdinaryDividend |
Aug 25, 2023 | $0.238 | OrdinaryDividend |
Jul 25, 2023 | $0.238 | OrdinaryDividend |
Jun 26, 2023 | $0.238 | OrdinaryDividend |
May 24, 2023 | $0.245 | OrdinaryDividend |
Apr 24, 2023 | $0.245 | OrdinaryDividend |
Mar 27, 2023 | $0.245 | OrdinaryDividend |
Feb 22, 2023 | $0.230 | OrdinaryDividend |
Jan 25, 2023 | $0.225 | OrdinaryDividend |
Dec 23, 2022 | $0.215 | OrdinaryDividend |
Nov 23, 2022 | $0.215 | OrdinaryDividend |
Oct 25, 2022 | $0.210 | OrdinaryDividend |
Sep 26, 2022 | $0.210 | OrdinaryDividend |
Aug 25, 2022 | $0.155 | OrdinaryDividend |
Jul 25, 2022 | $0.195 | OrdinaryDividend |
Jun 24, 2022 | $0.193 | OrdinaryDividend |
May 24, 2022 | $0.225 | OrdinaryDividend |
Apr 25, 2022 | $0.225 | OrdinaryDividend |
Mar 25, 2022 | $0.220 | OrdinaryDividend |
Feb 22, 2022 | $0.220 | OrdinaryDividend |
Jan 25, 2022 | $0.220 | OrdinaryDividend |
Dec 27, 2021 | $0.220 | OrdinaryDividend |
Nov 23, 2021 | $0.220 | OrdinaryDividend |
Oct 25, 2021 | $0.215 | OrdinaryDividend |
Sep 24, 2021 | $0.225 | OrdinaryDividend |
Aug 25, 2021 | $0.220 | OrdinaryDividend |
Jul 26, 2021 | $0.220 | OrdinaryDividend |
Jun 24, 2021 | $0.205 | OrdinaryDividend |
May 24, 2021 | $0.205 | OrdinaryDividend |
Apr 26, 2021 | $0.205 | OrdinaryDividend |
Mar 25, 2021 | $0.200 | OrdinaryDividend |
Feb 22, 2021 | $0.200 | OrdinaryDividend |
Jan 25, 2021 | $0.200 | OrdinaryDividend |
Dec 21, 2020 | $0.205 | OrdinaryDividend |
Nov 23, 2020 | $0.243 | OrdinaryDividend |
Oct 27, 2020 | $0.243 | OrdinaryDividend |
Sep 22, 2020 | $0.258 | OrdinaryDividend |
Aug 25, 2020 | $0.260 | OrdinaryDividend |
Jul 28, 2020 | $0.260 | OrdinaryDividend |
Jun 23, 2020 | $0.260 | OrdinaryDividend |
May 26, 2020 | $0.255 | OrdinaryDividend |
Apr 21, 2020 | $0.255 | OrdinaryDividend |
Mar 24, 2020 | $0.245 | OrdinaryDividend |
Feb 25, 2020 | $0.245 | OrdinaryDividend |
Jan 21, 2020 | $0.240 | OrdinaryDividend |
Dec 23, 2019 | $0.243 | OrdinaryDividend |
Nov 25, 2019 | $0.260 | OrdinaryDividend |
Oct 22, 2019 | $0.260 | OrdinaryDividend |
Sep 24, 2019 | $0.260 | OrdinaryDividend |
Aug 27, 2019 | $0.255 | OrdinaryDividend |
Jul 23, 2019 | $0.265 | OrdinaryDividend |
Jun 24, 2019 | $0.265 | OrdinaryDividend |
May 28, 2019 | $0.265 | OrdinaryDividend |
Apr 23, 2019 | $0.260 | OrdinaryDividend |
Mar 26, 2019 | $0.250 | OrdinaryDividend |
Feb 19, 2019 | $0.250 | OrdinaryDividend |
Jan 22, 2019 | $0.250 | OrdinaryDividend |
Dec 24, 2018 | $0.250 | OrdinaryDividend |
Nov 20, 2018 | $0.250 | OrdinaryDividend |
Oct 23, 2018 | $0.235 | OrdinaryDividend |
Sep 25, 2018 | $0.235 | OrdinaryDividend |
Aug 21, 2018 | $0.230 | OrdinaryDividend |
Jul 24, 2018 | $0.230 | OrdinaryDividend |
Jun 25, 2018 | $0.240 | OrdinaryDividend |
May 22, 2018 | $0.240 | OrdinaryDividend |
Apr 24, 2018 | $0.240 | OrdinaryDividend |
Mar 20, 2018 | $0.235 | OrdinaryDividend |
Feb 20, 2018 | $0.235 | OrdinaryDividend |
Jan 23, 2018 | $0.235 | OrdinaryDividend |
Dec 26, 2017 | $0.245 | OrdinaryDividend |
Nov 21, 2017 | $0.245 | OrdinaryDividend |
Oct 24, 2017 | $0.240 | OrdinaryDividend |
Sep 26, 2017 | $0.250 | OrdinaryDividend |
Aug 21, 2017 | $0.260 | OrdinaryDividend |
Jul 24, 2017 | $0.260 | OrdinaryDividend |
Jun 26, 2017 | $0.250 | OrdinaryDividend |
May 22, 2017 | $0.250 | OrdinaryDividend |
Apr 24, 2017 | $0.250 | OrdinaryDividend |
Mar 27, 2017 | $0.240 | OrdinaryDividend |
Feb 17, 2017 | $0.230 | OrdinaryDividend |
Jan 23, 2017 | $0.230 | OrdinaryDividend |
Dec 23, 2016 | $0.230 | OrdinaryDividend |
Nov 21, 2016 | $0.230 | OrdinaryDividend |
Oct 24, 2016 | $0.225 | OrdinaryDividend |
Sep 26, 2016 | $0.210 | OrdinaryDividend |
Aug 22, 2016 | $0.210 | OrdinaryDividend |
Jul 25, 2016 | $0.230 | OrdinaryDividend |
Jun 20, 2016 | $0.245 | OrdinaryDividend |
May 23, 2016 | $0.250 | OrdinaryDividend |
Apr 25, 2016 | $0.250 | OrdinaryDividend |
Mar 21, 2016 | $0.230 | OrdinaryDividend |
Feb 22, 2016 | $0.265 | OrdinaryDividend |
Jan 25, 2016 | $0.265 | OrdinaryDividend |
Dec 21, 2015 | $0.265 | OrdinaryDividend |
Nov 23, 2015 | $0.265 | OrdinaryDividend |
Oct 26, 2015 | $0.255 | OrdinaryDividend |
Sep 21, 2015 | $0.255 | OrdinaryDividend |
Aug 24, 2015 | $0.285 | OrdinaryDividend |
Jul 27, 2015 | $0.295 | OrdinaryDividend |
Jun 22, 2015 | $0.295 | OrdinaryDividend |
May 22, 2015 | $0.290 | OrdinaryDividend |
Apr 20, 2015 | $0.290 | OrdinaryDividend |
Mar 23, 2015 | $0.280 | OrdinaryDividend |
Feb 23, 2015 | $0.280 | OrdinaryDividend |
Jan 26, 2015 | $0.280 | OrdinaryDividend |
Dec 19, 2014 | $0.320 | OrdinaryDividend |
Nov 21, 2014 | $0.330 | OrdinaryDividend |
Oct 27, 2014 | $0.320 | OrdinaryDividend |
Sep 22, 2014 | $0.320 | OrdinaryDividend |
Aug 25, 2014 | $0.320 | OrdinaryDividend |
Jul 21, 2014 | $0.320 | OrdinaryDividend |
Jun 23, 2014 | $0.320 | OrdinaryDividend |
May 23, 2014 | $0.320 | OrdinaryDividend |
Apr 21, 2014 | $0.305 | OrdinaryDividend |
Mar 24, 2014 | $0.305 | OrdinaryDividend |
Feb 24, 2014 | $0.305 | OrdinaryDividend |
Jan 27, 2014 | $0.305 | OrdinaryDividend |
Dec 24, 2013 | $0.410 | CapitalGainShortTerm |
Dec 24, 2013 | $0.322 | CapitalGainLongTerm |
Dec 24, 2013 | $0.054 | OrdinaryDividend |
Nov 22, 2013 | $0.300 | OrdinaryDividend |
Oct 21, 2013 | $0.300 | OrdinaryDividend |
Sep 23, 2013 | $0.300 | OrdinaryDividend |
Aug 26, 2013 | $0.267 | OrdinaryDividend |
Jul 22, 2013 | $0.267 | OrdinaryDividend |
Jun 24, 2013 | $0.267 | OrdinaryDividend |
May 24, 2013 | $0.267 | OrdinaryDividend |
Apr 22, 2013 | $0.267 | OrdinaryDividend |
Mar 22, 2013 | $0.267 | OrdinaryDividend |
Feb 19, 2013 | $0.267 | OrdinaryDividend |
Jan 22, 2013 | $0.270 | OrdinaryDividend |
Dec 24, 2012 | $0.264 | OrdinaryDividend |
Nov 26, 2012 | $0.270 | OrdinaryDividend |
Oct 22, 2012 | $0.285 | OrdinaryDividend |
Sep 24, 2012 | $0.300 | OrdinaryDividend |
Aug 27, 2012 | $0.314 | OrdinaryDividend |
Jul 23, 2012 | $0.314 | OrdinaryDividend |
Jun 25, 2012 | $0.314 | OrdinaryDividend |
May 21, 2012 | $0.314 | OrdinaryDividend |
Apr 23, 2012 | $0.314 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 23, 2017
4.77
4.8%
Anthony A. Routh, Portfolio Manager, Emerging Markets Debt, joined Voya Investment Management Co., LLC in 2006 and is responsible for managing EM Hard Currency assets. Prior to that, Mr. Routh was a portfolio manager for the structured finance team, covering non-agency mortgages and asset-backed securities.
Start Date
Tenure
Tenure Rank
May 06, 2022
0.07
0.1%
Anil Katarya, CFA Co-Head of Investment Grade Credit Anil Katarya is co-head of investment grade credit and senior portfolio manager at Voya Investment Management. Previously, Anil was the head of credit portfolio management and also served as a portfolio manager and credit analyst on the investment grade team since joining Voya in 2000. Prior to joining the firm, Anil was a financial analyst for Mirant Inc. He received a BS in mechanical engineering from Kurukshetra University, India, and an MBA from Georgia State University. Anil holds the Chartered Financial Analyst® designation.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 23.87 | 6.5 | 6.11 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...