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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 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.2%
1 yr return
10.4%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
N/A
Net Assets
$51.3 M
Holdings in Top 10
30.0%
Expense Ratio 0.45%
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 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund is an actively managed exchange traded fund (“ETF”) that utilizes an investment process combining both macro and fundamental research by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings, in mortgage-related debt and other securitized debt.
The Fund seeks to achieve its investment objective by primarily investing in mortgage-related fixed income securities issued or guaranteed by the U.S. government or its agencies or instrumentalities (collectively, “Agency Mortgage-Backed Securities”), such as the Government National Mortgage Association (“GNMA”), the Federal National Mortgage Association (“FNMA”) or the Federal Home Loan Mortgage Corporation (“FHLMC”). Agency Mortgage-Backed Securities include residential mortgage-backed securities, commercial mortgage-backed securities, and structured products such as collateralized mortgage obligations and real estate mortgage investment conduits (“REMICs”).
The Fund may invest up to 20% of its net assets, plus the amount of any borrowings, in other securitized credit securities such as non-agency or privately issued residential and commercial mortgage-backed securities, asset-backed securities, collateralized loan obligations and credit risk transfer securities (collectively, “Securitized Credit Securities”).
The Fund may purchase mortgage-backed securities through standardized contracts for future delivery in which the exact mortgage pools to be delivered are not specified until a few days prior to settlement, referred to as a “to-be-announced transaction” or “TBA Transaction.” In a TBA Transaction, the buyer and seller agree upon general trade parameters such as agency, settlement date, par amount and price. The actual pools delivered generally are determined two days prior to the settlement date and the Fund has the option to either accept delivery or roll into another TBA Transaction. The Fund, pending settlement of such TBA Transaction, will invest its assets in high quality, liquid short-term instruments such as U.S. Treasury securities, securities issued by government agencies, repurchase agreements and commercial paper.
The universe of mortgage-related debt and other securitized debt currently includes securities that are rated “investment grade” as well as “non-investment grade” (commonly referred to as “junk bonds” or “high yield bonds,” which are considered to be speculative). The Fund intends to provide a broad-based exposure and therefore intends to invest in both investment grade and non-investment grade securities, but will not invest more than 20% of its net assets, plus the amount of any borrowings, in 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 may invest in securities of varying maturity or duration and with either fixed or adjustable rates. The Fund attempts to maintain an aggregate portfolio duration of up to seven 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 on market conditions.
The Fund’s investments in mortgage-related debt and other securitized debt may be represented by derivatives such as futures contracts. The Fund may invest in derivatives for various investment purposes, including to hedge interest rate risk, as a substitute for, or to gain exposure to, a position in an underlying asset, to reduce transaction costs, to maintain full market exposure (i.e., adjust investment characteristics to more closely approximate the characteristics of the market in which the Fund invests), to manage cash flows, or to preserve capital. The Fund’s use of derivatives will be collateralized by investments in liquid assets.
Period | MTGP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -3.9% | 21.5% | 0.88% |
1 Yr | 10.4% | -4.4% | 38.0% | 30.53% |
3 Yr | -1.4%* | -7.3% | 12.2% | 25.78% |
5 Yr | N/A* | -5.4% | 2.7% | 13.73% |
10 Yr | N/A* | -2.0% | 3.1% | 15.54% |
* Annualized
Period | MTGP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -1.0% | 22.1% | 65.04% |
2022 | -13.4% | -20.4% | -5.8% | 40.89% |
2021 | -2.2% | -7.1% | 16.6% | 20.91% |
2020 | 2.2% | -1.3% | 8.8% | 62.62% |
2019 | N/A | 0.3% | 7.1% | N/A |
Period | MTGP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -3.9% | 21.5% | 0.88% |
1 Yr | 10.4% | -4.4% | 38.0% | 30.53% |
3 Yr | -1.4%* | -7.3% | 12.2% | 25.78% |
5 Yr | N/A* | -5.4% | 2.7% | N/A |
10 Yr | N/A* | -2.0% | 3.1% | N/A |
* Annualized
Period | MTGP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | -0.5% | 28.8% | 66.81% |
2022 | -11.3% | -18.5% | -3.3% | 36.44% |
2021 | -0.6% | -4.5% | 25.3% | 21.82% |
2020 | 4.9% | -1.3% | 13.0% | 68.69% |
2019 | N/A | 1.8% | 11.3% | N/A |
MTGP | Category Low | Category High | MTGP % Rank | |
---|---|---|---|---|
Net Assets | 51.3 M | 9.65 M | 134 B | 95.58% |
Number of Holdings | 163 | 14 | 12380 | 77.88% |
Net Assets in Top 10 | 15.4 M | 5.36 M | 56.1 B | 95.13% |
Weighting of Top 10 | 30.03% | 5.3% | 99.5% | 73.45% |
Weighting | Return Low | Return High | MTGP % Rank | |
---|---|---|---|---|
Bonds | 98.87% | 0.06% | 167.53% | 66.37% |
Cash | 1.14% | -20.28% | 27.92% | 62.39% |
Stocks | 0.00% | 0.00% | 95.28% | 8.41% |
Preferred Stocks | 0.00% | 0.00% | 0.12% | 5.75% |
Convertible Bonds | 0.00% | 0.00% | 3.29% | 7.52% |
Other | -0.01% | -21.19% | 22.58% | 89.38% |
Weighting | Return Low | Return High | MTGP % Rank | |
---|---|---|---|---|
Securitized | 94.32% | 0.00% | 99.79% | 7.52% |
Government | 4.81% | 0.00% | 100.00% | 73.01% |
Municipal | 0.87% | 0.00% | 5.24% | 11.06% |
Cash & Equivalents | 0.00% | 0.00% | 27.92% | 91.59% |
Corporate | 0.00% | 0.00% | 9.48% | 35.84% |
Derivative | -0.01% | -18.12% | 3.25% | 72.57% |
Weighting | Return Low | Return High | MTGP % Rank | |
---|---|---|---|---|
US | 98.87% | 0.06% | 167.53% | 66.37% |
Non US | 0.00% | 0.00% | 2.20% | 5.75% |
MTGP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.03% | 2.85% | 72.44% |
Management Fee | 0.45% | 0.00% | 0.85% | 70.35% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
MTGP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.50% | N/A |
MTGP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
MTGP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 3.35% | 948.00% | 100.00% |
MTGP | Category Low | Category High | MTGP % Rank | |
---|---|---|---|---|
Dividend Yield | 3.50% | 0.00% | 4.94% | 54.42% |
MTGP | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
MTGP | Category Low | Category High | MTGP % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.88% | -0.80% | 2.96% | 38.67% |
MTGP | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 25, 2024 | $0.130 | OrdinaryDividend |
Aug 27, 2024 | $0.125 | OrdinaryDividend |
Jul 26, 2024 | $0.135 | OrdinaryDividend |
Jun 25, 2024 | $0.140 | OrdinaryDividend |
Apr 24, 2024 | $0.125 | OrdinaryDividend |
Mar 22, 2024 | $0.115 | OrdinaryDividend |
Feb 23, 2024 | $0.105 | OrdinaryDividend |
Jan 25, 2024 | $0.110 | OrdinaryDividend |
Dec 22, 2023 | $0.169 | OrdinaryDividend |
Nov 24, 2023 | $0.120 | OrdinaryDividend |
Oct 25, 2023 | $0.105 | OrdinaryDividend |
Sep 25, 2023 | $0.115 | OrdinaryDividend |
Aug 25, 2023 | $0.115 | OrdinaryDividend |
Jul 25, 2023 | $0.125 | OrdinaryDividend |
Jun 26, 2023 | $0.100 | OrdinaryDividend |
May 24, 2023 | $0.100 | OrdinaryDividend |
Apr 24, 2023 | $0.100 | OrdinaryDividend |
Mar 27, 2023 | $0.100 | OrdinaryDividend |
Feb 22, 2023 | $0.100 | OrdinaryDividend |
Jan 25, 2023 | $0.075 | OrdinaryDividend |
Dec 23, 2022 | $0.300 | OrdinaryDividend |
Nov 23, 2022 | $0.135 | OrdinaryDividend |
Oct 25, 2022 | $0.105 | OrdinaryDividend |
Sep 26, 2022 | $0.090 | OrdinaryDividend |
Aug 25, 2022 | $0.070 | OrdinaryDividend |
Jul 25, 2022 | $0.060 | OrdinaryDividend |
Jun 24, 2022 | $0.050 | OrdinaryDividend |
May 24, 2022 | $0.055 | OrdinaryDividend |
Apr 25, 2022 | $0.050 | OrdinaryDividend |
Mar 25, 2022 | $0.040 | OrdinaryDividend |
Feb 22, 2022 | $0.055 | OrdinaryDividend |
Jan 25, 2022 | $0.065 | OrdinaryDividend |
Dec 27, 2021 | $0.058 | OrdinaryDividend |
Nov 23, 2021 | $0.058 | OrdinaryDividend |
Oct 25, 2021 | $0.060 | OrdinaryDividend |
Sep 24, 2021 | $0.060 | OrdinaryDividend |
Aug 25, 2021 | $0.000 | ReturnOfCapital |
Aug 25, 2021 | $0.060 | OrdinaryDividend |
Jul 26, 2021 | $0.001 | ReturnOfCapital |
Jul 26, 2021 | $0.074 | OrdinaryDividend |
Jun 24, 2021 | $0.001 | ReturnOfCapital |
Jun 24, 2021 | $0.074 | OrdinaryDividend |
May 24, 2021 | $0.001 | ReturnOfCapital |
May 24, 2021 | $0.074 | OrdinaryDividend |
Apr 26, 2021 | $0.001 | ReturnOfCapital |
Apr 26, 2021 | $0.074 | OrdinaryDividend |
Mar 25, 2021 | $0.001 | ReturnOfCapital |
Mar 25, 2021 | $0.072 | OrdinaryDividend |
Feb 22, 2021 | $0.001 | ReturnOfCapital |
Feb 22, 2021 | $0.077 | OrdinaryDividend |
Jan 25, 2021 | $0.001 | ReturnOfCapital |
Jan 25, 2021 | $0.077 | OrdinaryDividend |
Dec 21, 2020 | $0.078 | OrdinaryDividend |
Dec 08, 2020 | $0.299 | CapitalGainShortTerm |
Dec 08, 2020 | $0.020 | CapitalGainLongTerm |
Nov 23, 2020 | $0.075 | OrdinaryDividend |
Oct 27, 2020 | $0.075 | OrdinaryDividend |
Sep 22, 2020 | $0.073 | OrdinaryDividend |
Aug 25, 2020 | $0.073 | OrdinaryDividend |
Jul 28, 2020 | $0.068 | OrdinaryDividend |
Jun 23, 2020 | $0.088 | OrdinaryDividend |
May 26, 2020 | $0.093 | OrdinaryDividend |
Apr 21, 2020 | $0.093 | OrdinaryDividend |
Mar 24, 2020 | $0.105 | OrdinaryDividend |
Feb 25, 2020 | $0.105 | OrdinaryDividend |
Jan 21, 2020 | $0.099 | OrdinaryDividend |
Dec 23, 2019 | $0.110 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Nov 12, 2019
2.55
2.6%
Justin McWhorter, Portfolio Manager, has been with Voya IM since 2001 and is currently a portfolio manager for the residential mortgage-backed securities portfolios. Mr. McWhorter also has experience in investment accounting. Prior to joining Voya IM, he was with Arthur Andersen LLP from 1999 to 2001. Justin McWhorter, Portfolio Manager, Agency RMBS, is a senior portfolio manager at Voya IM with the majority of his investment experience specializing in agency mortgage-backed securities and collateralized mortgage obligations. Currently he manages several mortgage-only funds in addition to the agency mortgage sleeves of multi-sector fixed income products for Voya IM. Current and previous areas of focus include mortgage derivatives, agency debentures, mortgage repurchase agreements, dollar rolls, and the mortgage financing desk. He has earned his BS and MA from the University of Georgia and holds both the Chartered Financial Analyst® and Certified Public Accountant designations.
Start Date
Tenure
Tenure Rank
Nov 12, 2019
2.55
2.6%
Jeff Dutra, CFA Senior Portfolio Manager, Structured Finance Jeff Dutra is a senior portfolio manager for Voya Investment Management, primarily responsible for the mortgage-backed securities/collateralized mortgage obligation portfolios. Previously, he ran the operations and accounting groups at the firm, responsible for financial derivatives and mortgage derivatives. Jeff received a BA in mathematics from the University of South Florida and an MBA from the University of Tampa. He holds the Chartered Financial Analyst® designation.
Start Date
Tenure
Tenure Rank
Nov 12, 2019
2.55
2.6%
Dave Goodson is head of securitized fixed income and a senior portfolio manager for Voya Investment Management’s non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies. Prior to joining the firm, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He received a BS in management from the Georgia Institute of Technology.
Start Date
Tenure
Tenure Rank
Nov 12, 2019
2.55
2.6%
Jonathan Abshire, CFA, Portfolio Manager, joined Voya IM in 2002 and is part of the non-agency residential mortgage-backed securities and asset-backed securities team, focusing on European asset-backed securities. Previously, Mr. Abshire completed a four-year expatriate assignment with the European asset-backed securities team in the Netherlands, overseeing a €9 billion structured finance portfolio. Mr. Abshire began his career with Voya IM in the structured finance group, working on the non-agency residential mortgage-backed securities and credit card asset-backed securities portfolios.
Start Date
Tenure
Tenure Rank
Nov 12, 2019
2.55
2.6%
John Edwards, Portfolio Manager, joined Voya IM in 1998 and is part of the commercial mortgage-backed securities team, focusing on portfolio management and security selection, as well as credit monitoring and analysis. Previously, Mr. Edwards worked in Voya IM’s real estate whole loan group in numerous positions including production, risk management, problem loan restructure and real estate equities management.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.11 | 31.64 | 8.38 | 7.35 |
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...