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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
25.0%
1 yr return
41.6%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$75.5 M
Holdings in Top 10
56.5%
Expense Ratio 1.13%
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
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in large capitalization companies, which are companies having a market capitalization in excess of $4 billion at the time of purchase. Typically, Winslow Capital Management, LLC (“Winslow Capital” or the “Subadvisor”) invests substantially all of the Fund’s investable assets in domestic securities. However, the
Fund is permitted to invest up to 20% of its net assets in depositary receipts issued by a trust (including American Depositary Receipts (“ADRs”)) of foreign securities and in common stocks listed on a foreign exchange that trade on such exchange contemporaneously with the Shares. Generally, an issuer of a security is considered to be U.S. or foreign-based on the issuer’s “country of risk,” as determined by a third-party service provider such as Bloomberg. The Fund is actively managed and does not intend to track an index. The Fund is classified as “non-diversified” under the Investment Company Act of 1940 (the “1940 Act”).
Investment Process: The Fund invests in those companies that the Subadvisor believes will provide an opportunity for achieving superior portfolio returns (i.e., returns in excess of the returns of the average stock ETF or mutual fund, which the Subadvisor defines as the median ETF or mutual fund based on performance taking into account the entire U.S. equity ETF and mutual fund universe) over the long term. The Subadvisor seeks to invest in companies that have the potential for above-average future earnings and cash flow growth with management focused on shareholder value.
When purchasing stocks for the Fund, the Subadvisor looks for companies typically having some or all of the following attributes: addressing markets with growth opportunities; leads or gains in market share; identifiable and sustainable competitive advantages; managed by a team that can perpetuate the firm’s competitive advantages; high, and preferably rising, returns on invested capital; deploys excess cash flow to enhance shareholder return; and demonstrates sound corporate governance. As part of its qualitative assessment of each potential investment, the Subadvisor evaluates the company’s non-financial performance among certain environmental, social and governance (“ESG”) factors. The Subadvisor then determines which ESG factors may be material to a company’s future financial performance. This involves an evaluation of how the company integrates particular ESG risks and opportunities into its corporate strategy through, for example, improving governance practices, aligning management team incentives and increasing transparency into its ESG practices. The Subadvisor may give consideration to ESG factors including, but not limited to, impact on or from climate change, natural resource use, waste management practices, human capital management, product safety, supply chain management, corporate governance, business ethics and advocacy for governmental policy. ESG factors are evaluated by the Subadvisor based on data provided by independent ESG research vendors. The evaluation of ESG factors is integrated as one of several aspects of the Subadvisor’s investment process and the Subadvisor does not forgo potential investments strictly based on the evaluation of ESG factors.
The Subadvisor takes a “bottom-up” investment approach when selecting investments. This means it bases investment decisions on company specific factors, not general economic conditions.
Under normal market conditions, the Subadvisor employs a sell discipline pursuant to which it may sell some or all of its position in a stock when a stock becomes fully valued, the fundamental business prospects are deteriorating, or the position exceeds limits set by the Subadvisor.
Period | IWLG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.0% | -44.2% | 26.6% | N/A |
1 Yr | 41.6% | -98.5% | 150.0% | N/A |
3 Yr | N/A* | -74.2% | 26.3% | N/A |
5 Yr | N/A* | -61.2% | 23.2% | N/A |
10 Yr | N/A* | -35.6% | 18.2% | N/A |
* Annualized
Period | IWLG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 43.2% | -98.8% | 81.6% | N/A |
2022 | N/A | -39.5% | 48.7% | N/A |
2021 | N/A | -13.0% | 34.8% | N/A |
2020 | N/A | -27.1% | 10.6% | N/A |
2019 | N/A | -15.9% | 33.2% | N/A |
Period | IWLG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.0% | -44.2% | 26.6% | N/A |
1 Yr | 41.6% | -98.5% | 150.0% | N/A |
3 Yr | N/A* | -74.2% | 32.9% | N/A |
5 Yr | N/A* | -61.2% | 22.9% | N/A |
10 Yr | N/A* | -35.6% | 18.3% | N/A |
* Annualized
Period | IWLG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 43.2% | -98.8% | 81.6% | N/A |
2022 | N/A | -39.5% | 48.7% | N/A |
2021 | N/A | -13.0% | 34.8% | N/A |
2020 | N/A | -16.8% | 10.6% | N/A |
2019 | N/A | -15.9% | 35.6% | N/A |
IWLG | Category Low | Category High | IWLG % Rank | |
---|---|---|---|---|
Net Assets | 75.5 M | 189 K | 222 B | N/A |
Number of Holdings | 43 | 2 | 3509 | N/A |
Net Assets in Top 10 | 25 M | -1.37 M | 104 B | N/A |
Weighting of Top 10 | 56.51% | 9.4% | 100.0% | N/A |
Weighting | Return Low | Return High | IWLG % Rank | |
---|---|---|---|---|
Stocks | 98.99% | 0.00% | 107.71% | N/A |
Cash | 1.12% | -10.83% | 87.35% | N/A |
Preferred Stocks | 0.00% | 0.00% | 4.41% | N/A |
Other | 0.00% | -2.66% | 17.15% | N/A |
Convertible Bonds | 0.00% | 0.00% | 1.94% | N/A |
Bonds | 0.00% | -1.84% | 98.58% | N/A |
Weighting | Return Low | Return High | IWLG % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 16.07% | N/A |
Technology | 0.00% | 0.00% | 69.82% | N/A |
Real Estate | 0.00% | 0.00% | 29.57% | N/A |
Industrials | 0.00% | 0.00% | 30.65% | N/A |
Healthcare | 0.00% | 0.00% | 39.76% | N/A |
Financial Services | 0.00% | 0.00% | 43.06% | N/A |
Energy | 0.00% | 0.00% | 41.09% | N/A |
Communication Services | 0.00% | 0.00% | 66.40% | N/A |
Consumer Defense | 0.00% | 0.00% | 25.50% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 62.57% | N/A |
Basic Materials | 0.00% | 0.00% | 22.00% | N/A |
Weighting | Return Low | Return High | IWLG % Rank | |
---|---|---|---|---|
US | 98.99% | 0.00% | 105.43% | N/A |
Non US | 0.00% | 0.00% | 54.22% | N/A |
IWLG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.01% | 7.09% | 80.67% |
Management Fee | 0.75% | 0.00% | 1.50% | 82.22% |
12b-1 Fee | N/A | 0.00% | 1.00% | 14.01% |
Administrative Fee | N/A | 0.00% | 1.02% | N/A |
IWLG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
IWLG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 5.00% | 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.
IWLG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 316.74% | N/A |
IWLG | Category Low | Category High | IWLG % Rank | |
---|---|---|---|---|
Dividend Yield | 0.01% | 0.00% | 19.33% | 63.72% |
IWLG | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Annually |
IWLG | Category Low | Category High | IWLG % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -6.13% | 2.90% | N/A |
IWLG | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.004 | OrdinaryDividend |
Dec 16, 2022 | $0.012 | OrdinaryDividend |
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