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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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AdvisorShares Newfleet Multi-Sector Income ETF
Active ETF
MINC
Payout Change
Pending
Price as of:
$44.71
+0.01
+0.01%
primary theme
N/A
MINC (ETF)
AdvisorShares Newfleet Multi-Sector Income ETF
Payout Change
Pending
Price as of:
$44.71
+0.01
+0.01%
primary theme
N/A
MINC (ETF)
AdvisorShares Newfleet Multi-Sector Income ETF
Payout Change
Pending
Price as of:
$44.71
+0.01
+0.01%
primary theme
N/A
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.8%
1 yr return
2.5%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
1.1%
Net Assets
$17.6 M
Holdings in Top 10
32.0%
52 WEEK LOW AND HIGH
$44.7
$44.25
$45.25
Expenses
OPERATING FEES
Expense Ratio 0.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MINC - Profile
Distributions
- YTD Total Return 2.8%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 1.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.61%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAdvisorShares Newfleet Multi-Sector Income ETF
-
Fund Family NameAdvisorShares
-
Inception DateMar 19, 2013
-
Shares Outstanding1995000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Albrycht
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”). In seeking to achieve the Fund’s investment objective, Newfleet Asset Management (the “Sub-Advisor”) applies a time-tested approach and extensive credit research to capitalize on opportunities across undervalued areas of the bond markets. The Fund principally invests in investment-grade securities, which are securities with credit ratings within the four highest rating categories of a nationally recognized statistical rating organization or, if unrated, those securities that the Sub-Advisor determines to be of comparable quality.
The Sub-Advisor seeks to provide diversification by allocating the Fund’s investments among various sectors of the fixed income markets, which include corporate investment-grade, corporate high-yield, bank loans, non-agency commercial mortgage-backed securities (“CMBSs”), agency and non-agency residential mortgage-backed securities (“RMBSs”), non-U.S. dollar securities, emerging market high-yield securities, Yankee investment-grade bonds, asset-backed securities, taxable municipal bonds, tax-exempt municipal bonds, and securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities. As a result, the Fund’s fixed income investments may be issued by various types of issuers and may include some or all of the following:
| ● | Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities, including collateralized mortgage obligations (“CMOs”), real estate mortgage investment conduits (“REMICs”) and other pass-through securities; |
| ● | Debt securities issued by foreign issuers, including foreign governments and their political subdivisions and issuers in emerging markets; |
| ● | Investment-grade securities issued primarily by U.S. issuers and secondarily by non-U.S. issuers; and |
| ● | High-yield debt instruments, including bank loans, which are generally floating-rate loans. |
The average duration of the Fund’s fixed income investments ranges from one to three years. The Fund may invest up to 20% of its total assets in securities that are rated below investment-grade at the time of purchase. If certain of the Fund’s holdings experience a decline in their credit quality and fall below investment-grade, the Fund may continue to hold the securities and they will not count toward the Fund’s 20% investment limit. Generally, the Fund will limit its investments in corporate high-yield securities to 10% of its assets and will limit its investments in non-U.S. issuers to 30% of its assets.
MINC - Performance
Return Ranking - Trailing
| Period | MINC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | -6.3% | 3.5% | 35.41% |
| 1 Yr | 2.5% | -11.5% | 0.9% | 87.90% |
| 3 Yr | -0.6%* | -7.0% | 1.3% | 45.75% |
| 5 Yr | 1.1%* | -4.3% | 1.2% | 60.57% |
| 10 Yr | 1.6%* | -20.8% | 0.3% | 19.76% |
* Annualized
Return Ranking - Calendar
| Period | MINC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -7.9% | -17.7% | -2.6% | 70.11% |
| 2021 | -1.6% | -4.0% | 4.4% | 45.69% |
| 2020 | 1.4% | -8.3% | 7.6% | 68.52% |
| 2019 | 2.4% | -2.3% | 9.3% | 30.10% |
| 2018 | -2.2% | -4.8% | 1.0% | 82.80% |
Total Return Ranking - Trailing
| Period | MINC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | -4.5% | 6.2% | 35.41% |
| 1 Yr | 2.5% | -8.8% | 3.9% | 87.90% |
| 3 Yr | -0.6%* | -4.5% | 5.2% | 45.75% |
| 5 Yr | 1.1%* | -1.1% | 3.7% | 60.57% |
| 10 Yr | 1.6%* | -19.0% | 24.9% | 19.76% |
* Annualized
Total Return Ranking - Calendar
| Period | MINC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -5.7% | -13.3% | -1.3% | 69.93% |
| 2021 | -0.1% | -2.7% | 7.7% | 54.49% |
| 2020 | 3.8% | -4.4% | 14.5% | 60.65% |
| 2019 | 5.4% | 0.6% | 12.6% | 28.91% |
| 2018 | 0.6% | -2.6% | 6.4% | 62.80% |
MINC - Holdings
Concentration Analysis
| MINC | Category Low | Category High | MINC % Rank | |
|---|---|---|---|---|
| Net Assets | 17.6 M | 1.37 M | 103 B | 96.66% |
| Number of Holdings | 158 | 4 | 4919 | 80.84% |
| Net Assets in Top 10 | 5.6 M | -23.9 M | 9.45 B | 97.36% |
| Weighting of Top 10 | 32.01% | 1.7% | 100.0% | 41.90% |
Top 10 Holdings
- United States Treasury Note/Bond 5.50%
- JP MORGAN U.S. GOVERNMENT MONEY MARKET INSTITUTIONAL SHARES 5.02%
- United States Treasury Note/Bond 3.61%
- Dreyfus Institutional Preferred Government Money Market Fund 3.54%
- Invesco Senior Loan ETF 3.25%
- Fannie Mae Pool 2.76%
- United States Treasury Note/Bond 2.40%
- United States Treasury Note/Bond 2.31%
- United States Treasury Note/Bond 1.90%
- VFI ABS 2022-1 LLC 1.73%
Asset Allocation
| Weighting | Return Low | Return High | MINC % Rank | |
|---|---|---|---|---|
| Bonds | 59.81% | 49.71% | 194.71% | 88.22% |
| Other | 32.23% | -2.59% | 10.19% | 7.91% |
| Cash | 8.55% | -102.46% | 39.20% | 12.65% |
| Stocks | 3.25% | -0.66% | 11.31% | 10.90% |
| Preferred Stocks | 0.00% | 0.00% | 25.64% | 57.12% |
| Convertible Bonds | 0.00% | 0.00% | 27.71% | 96.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MINC % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 81.48% | 32.76% |
| Technology | 0.00% | 0.00% | 24.45% | 18.97% |
| Real Estate | 0.00% | 0.00% | 8.31% | 36.21% |
| Industrials | 0.00% | 0.00% | 100.00% | 42.24% |
| Healthcare | 0.00% | 0.00% | 23.11% | 39.66% |
| Financial Services | 0.00% | 0.00% | 100.00% | 29.31% |
| Energy | 0.00% | 0.00% | 100.00% | 6.03% |
| Communication Services | 0.00% | 0.00% | 65.64% | 36.21% |
| Consumer Defense | 0.00% | 0.00% | 21.37% | 21.55% |
| Consumer Cyclical | 0.00% | 0.00% | 10.75% | 30.17% |
| Basic Materials | 0.00% | 0.00% | 22.71% | 37.93% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MINC % Rank | |
|---|---|---|---|---|
| US | 3.25% | -0.54% | 9.00% | 10.90% |
| Non US | 0.00% | -0.66% | 2.31% | 50.79% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MINC % Rank | |
|---|---|---|---|---|
| Securitized | 61.63% | 0.00% | 97.27% | 2.64% |
| Corporate | 29.93% | 0.00% | 100.00% | 68.84% |
| Cash & Equivalents | 8.55% | 0.00% | 44.09% | 10.90% |
| Government | 5.56% | 0.00% | 73.63% | 80.99% |
| Derivative | 0.00% | 0.00% | 45.97% | 29.88% |
| Municipal | 0.00% | 0.00% | 17.46% | 76.94% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MINC % Rank | |
|---|---|---|---|---|
| US | 59.81% | 0.00% | 165.96% | 87.17% |
| Non US | 0.00% | 0.00% | 72.71% | 60.46% |
MINC - Expenses
Operational Fees
| MINC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.76% | 0.01% | 19.98% | 42.38% |
| Management Fee | 0.50% | 0.00% | 1.19% | 88.05% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.12% |
| Administrative Fee | 0.03% | 0.01% | 0.50% | 3.02% |
Sales Fees
| MINC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| MINC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
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.
| MINC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 500.00% | N/A |
MINC - Distributions
Dividend Yield Analysis
| MINC | Category Low | Category High | MINC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.77% | 2.64% |
Dividend Distribution Analysis
| MINC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| MINC | Category Low | Category High | MINC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.61% | -1.27% | 4.98% | 23.02% |
Capital Gain Distribution Analysis
| MINC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Aug 31, 2023 | $0.210 | OrdinaryDividend |
| Jul 28, 2023 | $0.149 | OrdinaryDividend |
| Jun 30, 2023 | $0.122 | OrdinaryDividend |
| May 31, 2023 | $0.112 | OrdinaryDividend |
| Apr 28, 2023 | $0.123 | OrdinaryDividend |
| Mar 30, 2023 | $0.148 | OrdinaryDividend |
| Feb 27, 2023 | $0.118 | OrdinaryDividend |
| Jan 31, 2023 | $0.047 | OrdinaryDividend |
| Dec 30, 2022 | $0.249 | OrdinaryDividend |
| Nov 30, 2022 | $0.106 | OrdinaryDividend |
| Oct 31, 2022 | $0.099 | OrdinaryDividend |
| Sep 30, 2022 | $0.093 | OrdinaryDividend |
| Aug 31, 2022 | $0.084 | OrdinaryDividend |
| Jul 29, 2022 | $0.096 | OrdinaryDividend |
| Jun 30, 2022 | $0.060 | OrdinaryDividend |
| May 31, 2022 | $0.060 | OrdinaryDividend |
| Apr 29, 2022 | $0.070 | OrdinaryDividend |
| Mar 31, 2022 | $0.058 | OrdinaryDividend |
| Feb 28, 2022 | $0.054 | OrdinaryDividend |
| Jan 31, 2022 | $0.042 | OrdinaryDividend |
| Dec 31, 2021 | $0.076 | OrdinaryDividend |
| Nov 30, 2021 | $0.054 | OrdinaryDividend |
| Oct 29, 2021 | $0.059 | OrdinaryDividend |
| Sep 30, 2021 | $0.055 | OrdinaryDividend |
| Aug 31, 2021 | $0.055 | OrdinaryDividend |
| Jul 30, 2021 | $0.068 | OrdinaryDividend |
| Jun 30, 2021 | $0.063 | OrdinaryDividend |
| May 28, 2021 | $0.056 | OrdinaryDividend |
| Apr 30, 2021 | $0.062 | OrdinaryDividend |
| Mar 31, 2021 | $0.072 | OrdinaryDividend |
| Feb 26, 2021 | $0.055 | OrdinaryDividend |
| Jan 29, 2021 | $0.043 | OrdinaryDividend |
| Dec 31, 2020 | $0.110 | OrdinaryDividend |
| Nov 30, 2020 | $0.082 | OrdinaryDividend |
| Oct 30, 2020 | $0.086 | OrdinaryDividend |
| Sep 30, 2020 | $0.089 | OrdinaryDividend |
| Aug 31, 2020 | $0.084 | OrdinaryDividend |
| Jul 31, 2020 | $0.104 | OrdinaryDividend |
| Jun 30, 2020 | $0.101 | OrdinaryDividend |
| May 29, 2020 | $0.089 | OrdinaryDividend |
| Apr 30, 2020 | $0.093 | OrdinaryDividend |
| Mar 31, 2020 | $0.120 | OrdinaryDividend |
| Feb 28, 2020 | $0.099 | OrdinaryDividend |
| Jan 31, 2020 | $0.089 | OrdinaryDividend |
| Dec 31, 2019 | $0.128 | OrdinaryDividend |
| Nov 29, 2019 | $0.103 | OrdinaryDividend |
| Oct 31, 2019 | $0.122 | OrdinaryDividend |
| Sep 30, 2019 | $0.107 | OrdinaryDividend |
| Aug 30, 2019 | $0.119 | OrdinaryDividend |
| Jul 31, 2019 | $0.123 | OrdinaryDividend |
| Jun 28, 2019 | $0.106 | OrdinaryDividend |
| May 31, 2019 | $0.137 | OrdinaryDividend |
| Apr 30, 2019 | $0.115 | OrdinaryDividend |
| Mar 29, 2019 | $0.119 | OrdinaryDividend |
| Feb 28, 2019 | $0.113 | OrdinaryDividend |
| Jan 31, 2019 | $0.111 | OrdinaryDividend |
| Dec 31, 2018 | $0.141 | OrdinaryDividend |
| Nov 30, 2018 | $0.121 | OrdinaryDividend |
| Oct 31, 2018 | $0.115 | OrdinaryDividend |
| Sep 28, 2018 | $0.109 | OrdinaryDividend |
| Aug 31, 2018 | $0.121 | OrdinaryDividend |
| Jul 31, 2018 | $0.115 | OrdinaryDividend |
| Jun 29, 2018 | $0.114 | OrdinaryDividend |
| May 31, 2018 | $0.110 | OrdinaryDividend |
| Apr 30, 2018 | $0.105 | OrdinaryDividend |
| Mar 29, 2018 | $0.095 | OrdinaryDividend |
| Feb 28, 2018 | $0.109 | OrdinaryDividend |
| Jan 31, 2018 | $0.092 | OrdinaryDividend |
| Dec 29, 2017 | $0.119 | OrdinaryDividend |
| Nov 30, 2017 | $0.107 | OrdinaryDividend |
| Oct 31, 2017 | $0.103 | OrdinaryDividend |
| Sep 29, 2017 | $0.103 | OrdinaryDividend |
| Aug 31, 2017 | $0.093 | OrdinaryDividend |
| Jul 31, 2017 | $0.100 | OrdinaryDividend |
| Jun 30, 2017 | $0.103 | OrdinaryDividend |
| May 31, 2017 | $0.101 | OrdinaryDividend |
| Apr 28, 2017 | $0.101 | OrdinaryDividend |
| Mar 31, 2017 | $0.104 | OrdinaryDividend |
| Feb 28, 2017 | $0.100 | OrdinaryDividend |
| Jan 31, 2017 | $0.089 | OrdinaryDividend |
| Dec 30, 2016 | $0.131 | OrdinaryDividend |
| Nov 30, 2016 | $0.100 | OrdinaryDividend |
| Oct 31, 2016 | $0.102 | OrdinaryDividend |
| Sep 30, 2016 | $0.111 | OrdinaryDividend |
| Aug 31, 2016 | $0.111 | OrdinaryDividend |
| Jul 29, 2016 | $0.114 | OrdinaryDividend |
| Jun 30, 2016 | $0.116 | OrdinaryDividend |
| May 31, 2016 | $0.112 | OrdinaryDividend |
| Apr 29, 2016 | $0.124 | OrdinaryDividend |
| Mar 31, 2016 | $0.122 | OrdinaryDividend |
| Feb 29, 2016 | $0.103 | OrdinaryDividend |
| Jan 29, 2016 | $0.088 | OrdinaryDividend |
| Dec 31, 2015 | $0.147 | OrdinaryDividend |
| Nov 30, 2015 | $0.107 | OrdinaryDividend |
| Oct 30, 2015 | $0.119 | OrdinaryDividend |
| Sep 30, 2015 | $0.116 | OrdinaryDividend |
| Aug 31, 2015 | $0.120 | OrdinaryDividend |
| Jul 30, 2015 | $0.094 | OrdinaryDividend |
| Jun 30, 2015 | $0.123 | OrdinaryDividend |
| May 29, 2015 | $0.101 | OrdinaryDividend |
| Apr 30, 2015 | $0.112 | OrdinaryDividend |
| Mar 31, 2015 | $0.122 | OrdinaryDividend |
| Feb 27, 2015 | $0.105 | OrdinaryDividend |
| Jan 30, 2015 | $0.079 | OrdinaryDividend |
| Dec 31, 2014 | $0.164 | OrdinaryDividend |
| Nov 28, 2014 | $0.095 | OrdinaryDividend |
| Oct 31, 2014 | $0.128 | OrdinaryDividend |
| Sep 30, 2014 | $0.114 | OrdinaryDividend |
| Aug 29, 2014 | $0.115 | OrdinaryDividend |
| Jul 31, 2014 | $0.114 | OrdinaryDividend |
| Jun 30, 2014 | $0.123 | OrdinaryDividend |
| May 30, 2014 | $0.096 | OrdinaryDividend |
| Apr 30, 2014 | $0.113 | OrdinaryDividend |
| Mar 31, 2014 | $0.111 | OrdinaryDividend |
| Feb 28, 2014 | $0.126 | OrdinaryDividend |
| Jan 31, 2014 | $0.095 | OrdinaryDividend |
| Dec 31, 2013 | $0.132 | OrdinaryDividend |
| Nov 29, 2013 | $0.109 | OrdinaryDividend |
| Oct 31, 2013 | $0.121 | OrdinaryDividend |
| Sep 30, 2013 | $0.106 | OrdinaryDividend |
| Aug 30, 2013 | $0.114 | OrdinaryDividend |
| Jul 31, 2013 | $0.109 | OrdinaryDividend |
| Jun 28, 2013 | $0.108 | OrdinaryDividend |
| May 31, 2013 | $0.093 | OrdinaryDividend |
| Apr 30, 2013 | $0.051 | OrdinaryDividend |
MINC - Fund Manager Analysis
Managers
David Albrycht
Start Date
Tenure
Tenure Rank
Mar 19, 2013
9.21
9.2%
Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Benjamin Caron
Start Date
Tenure
Tenure Rank
Aug 30, 2019
2.75
2.8%
Benjamin Caron, CFA, is Senior Managing Director and Portfolio Manager at Newfleet Asset Management, LLC (since June 2011). Prior to June 2011, Mr. Caron was on the fixed income team at Goodwin. Mr. Caron also is a portfolio manager of a closed-end fund managed by Newfleet, in addition to assisting the senior portfolio manager in the management of several open-end funds managed by Newfleet. Mr. Caron joined Goodwin in 2002 as a client service associate for the institutional markets group focusing on institutional fixed income clients.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.07 | 2.41 |
