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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
2.5%
1 yr return
8.3%
3 Yr Avg Return
0.9%
5 Yr Avg Return
1.6%
Net Assets
$97 M
Holdings in Top 10
28.7%
Expense Ratio 0.47%
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 seeks to achieve its investment objective by investing in a global portfolio of fixed income securities of various maturities, ratings and currency denominations. The Fund utilizes various investment strategies in a broad array of fixed income sectors. The Fund allocates its investments based upon the analysis of RiverFront Investment Group, LLC (“RiverFront” or the “Sub-Adviser”) of the pertinent economic and market conditions, as well as yield, maturity and currency considerations.
The Fund’s portfolio is constructed through a two-step process. The first step is setting the strategic allocation among different fixed income asset classes, with the objective being to construct an allocation that is designed to balance the probability of upside returns with downside risks for investors with a three- to five-year time horizon for their investments.
The second step is tactically adjusting these allocations as market conditions warrant and determining security selection within those asset classes in order to maximize potential returns over time. The strategic allocation across long-term, medium-term and short-term investment grade securities, long-term and short-term high yield securities and emerging market debt is adjusted at least annually or as market conditions warrant.
The Fund may purchase fixed income securities issued by U.S. or foreign corporations or financial institutions, including debt securities of all types and maturities, convertible securities and preferred stocks. The Fund also may purchase securities issued or guaranteed by the U.S. government or foreign governments (including foreign states, provinces and municipalities) or their agencies and instrumentalities (“government entities”) or issued or guaranteed by international organizations designated or supported by multiple government entities to promote economic reconstruction or development (“supranational entities”). The Fund may purchase or sell securities on a when issued, delayed delivery or forward commitment basis. The Fund may also invest in other exchange-traded funds (“ETFs”) and/or closed-end funds which invest in fixed income securities.
The Fund has not established any credit rating criteria for the fixed income securities in which it may invest, and it may invest entirely in high yield securities (“junk bonds”). Junk bonds are debt securities that are rated below investment grade by nationally recognized statistical rating organizations (“NRSROs”), or are unrated securities that the Sub-Adviser believes are of comparable quality. The Sub-Adviser considers the credit ratings assigned by NRSROs as one of several factors in its independent credit analysis of issuers.
The Fund may invest without limitation in U.S. dollar-denominated securities of foreign issuers in developed markets. Additionally, the Fund can invest up to 50% of its assets in non-dollar denominated securities. The Fund may also invest up to 50% of its assets in the securities of issuers located in emerging markets. In certain circumstances, the Sub-Adviser may attempt to offset a portion or all of the foreign
currency exposure in these securities by entering into contracts with banks, brokers or dealers to purchase or sell securities or foreign currencies at a future date (“forward contracts”). The Fund may elect to enter into swap contracts that effectively bundle the purchase of foreign bonds and the hedging of foreign currency into a single transaction.
The average maturity or duration of the Fund’s portfolio of fixed income securities will vary based on the Sub-Adviser’s assessment of economic and market conditions, as well as current and anticipated changes in interest rates; however, the Sub-Adviser intends to manage the Fund’s portfolio so that it has an average duration of between two and ten years, under normal circumstances. Duration measures the price sensitivity of a security to interest rate changes. The longer the duration, the more sensitive the Fund’s portfolio will be to a change in interest rates. A 1% change in interest rates is typically estimated to change the price of a fixed income security by 1% for each year of the security’s duration. For example, if a fixed income security has a duration of three years, a 1% rise in interest rates would typically be expected to reduce the price of the security by approximately 3%. Similar estimates would typically apply to a portfolio of fixed income securities, such as the Fund’s, based on the portfolio’s average duration. As the value of a security changes over time, so will its duration, which in turn will affect the Fund’s duration.
Period | RIGS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -59.5% | 0.9% | 5.83% |
1 Yr | 8.3% | -15.5% | 19.7% | 6.73% |
3 Yr | 0.9%* | -4.3% | 4.2% | 11.94% |
5 Yr | 1.6%* | -2.5% | 4.1% | 7.98% |
10 Yr | 2.9%* | -3.0% | 2.7% | N/A |
* Annualized
Period | RIGS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | -15.2% | 0.9% | 1.50% |
2022 | -8.2% | -10.9% | 12.2% | 92.78% |
2021 | -0.5% | -10.8% | 14.8% | 72.92% |
2020 | -0.3% | -15.3% | 0.6% | 44.51% |
2019 | 3.5% | -44.4% | 14.4% | 93.87% |
Period | RIGS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -59.5% | 0.9% | 14.08% |
1 Yr | 8.3% | -16.6% | 30.5% | 6.64% |
3 Yr | 0.9%* | -5.2% | 10.9% | 13.04% |
5 Yr | 1.6%* | -2.8% | 7.4% | 10.31% |
10 Yr | 2.9%* | -3.0% | 3.6% | N/A |
* Annualized
Period | RIGS Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.1% | -15.2% | 0.9% | 1.50% |
2022 | -5.7% | -10.9% | 12.2% | 92.78% |
2021 | 1.9% | -10.8% | 14.8% | 72.92% |
2020 | 3.2% | -15.3% | 3.8% | 54.91% |
2019 | 7.6% | -44.4% | 14.4% | 96.32% |
RIGS | Category Low | Category High | RIGS % Rank | |
---|---|---|---|---|
Net Assets | 97 M | 74.5 K | 14.7 B | 73.53% |
Number of Holdings | 91 | 4 | 4562 | 85.78% |
Net Assets in Top 10 | 26.8 M | -112 M | 3.66 B | 60.66% |
Weighting of Top 10 | 28.75% | 4.7% | 100.0% | 71.15% |
Weighting | Return Low | Return High | RIGS % Rank | |
---|---|---|---|---|
Bonds | 98.02% | 0.00% | 220.33% | 68.25% |
Cash | 1.98% | -130.07% | 95.62% | 28.91% |
Convertible Bonds | 0.91% | 0.00% | 11.19% | 64.45% |
Stocks | 0.00% | 0.00% | 7.47% | 83.41% |
Preferred Stocks | 0.00% | 0.00% | 2.87% | 81.04% |
Other | 0.00% | -9.71% | 100.00% | 75.36% |
Weighting | Return Low | Return High | RIGS % Rank | |
---|---|---|---|---|
Corporate | 94.67% | 0.00% | 98.62% | 1.44% |
Government | 4.47% | 0.30% | 99.47% | 98.08% |
Cash & Equivalents | 0.70% | 0.00% | 95.62% | 89.42% |
Derivative | 0.00% | 0.00% | 74.77% | 88.46% |
Securitized | 0.00% | 0.00% | 52.02% | 98.08% |
Municipal | 0.00% | 0.00% | 7.95% | 84.13% |
Weighting | Return Low | Return High | RIGS % Rank | |
---|---|---|---|---|
US | 98.02% | -5.52% | 107.53% | 1.42% |
Non US | 0.00% | 0.00% | 112.80% | 97.63% |
RIGS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.47% | 0.02% | 3.65% | 91.39% |
Management Fee | 0.46% | 0.00% | 2.08% | 23.41% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
RIGS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.00% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
RIGS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
RIGS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 6.00% | 354.00% | 20.00% |
RIGS | Category Low | Category High | RIGS % Rank | |
---|---|---|---|---|
Dividend Yield | 4.76% | 0.00% | 17.40% | 9.00% |
RIGS | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
RIGS | Category Low | Category High | RIGS % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.23% | -1.08% | 5.77% | 26.47% |
RIGS | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 24, 2024 | $0.091 | OrdinaryDividend |
Sep 19, 2024 | $0.087 | OrdinaryDividend |
Aug 22, 2024 | $0.087 | OrdinaryDividend |
Jul 25, 2024 | $0.090 | OrdinaryDividend |
Jun 20, 2024 | $0.100 | OrdinaryDividend |
Apr 25, 2024 | $0.083 | OrdinaryDividend |
Mar 21, 2024 | $0.090 | OrdinaryDividend |
Feb 22, 2024 | $0.072 | OrdinaryDividend |
Jan 25, 2024 | $0.077 | OrdinaryDividend |
Dec 19, 2023 | $0.083 | OrdinaryDividend |
Nov 21, 2023 | $0.071 | OrdinaryDividend |
Oct 26, 2023 | $0.075 | OrdinaryDividend |
Sep 21, 2023 | $0.071 | OrdinaryDividend |
Aug 24, 2023 | $0.064 | OrdinaryDividend |
Jul 20, 2023 | $0.068 | OrdinaryDividend |
Jun 22, 2023 | $0.065 | OrdinaryDividend |
May 25, 2023 | $0.066 | OrdinaryDividend |
Apr 20, 2023 | $0.065 | OrdinaryDividend |
Mar 23, 2023 | $0.063 | OrdinaryDividend |
Feb 23, 2023 | $0.058 | OrdinaryDividend |
Jan 26, 2023 | $0.058 | OrdinaryDividend |
Dec 15, 2022 | $0.060 | OrdinaryDividend |
Nov 09, 2022 | $0.057 | OrdinaryDividend |
Oct 20, 2022 | $0.059 | OrdinaryDividend |
Sep 22, 2022 | $0.054 | OrdinaryDividend |
Aug 18, 2022 | $0.054 | OrdinaryDividend |
Jul 21, 2022 | $0.053 | OrdinaryDividend |
Jun 23, 2022 | $0.049 | OrdinaryDividend |
May 19, 2022 | $0.045 | OrdinaryDividend |
Apr 21, 2022 | $0.046 | OrdinaryDividend |
Mar 24, 2022 | $0.052 | OrdinaryDividend |
Feb 17, 2022 | $0.043 | OrdinaryDividend |
Jan 20, 2022 | $0.045 | OrdinaryDividend |
Dec 16, 2021 | $0.057 | OrdinaryDividend |
Nov 10, 2021 | $0.044 | OrdinaryDividend |
Oct 21, 2021 | $0.043 | OrdinaryDividend |
Sep 23, 2021 | $0.042 | OrdinaryDividend |
Aug 19, 2021 | $0.060 | OrdinaryDividend |
Jul 22, 2021 | $0.041 | OrdinaryDividend |
Jun 17, 2021 | $0.047 | OrdinaryDividend |
May 20, 2021 | $0.048 | OrdinaryDividend |
Apr 22, 2021 | $0.054 | OrdinaryDividend |
Mar 18, 2021 | $0.064 | OrdinaryDividend |
Feb 18, 2021 | $0.050 | OrdinaryDividend |
Jan 21, 2021 | $0.058 | OrdinaryDividend |
Dec 17, 2020 | $0.082 | OrdinaryDividend |
Nov 12, 2020 | $0.050 | OrdinaryDividend |
Oct 22, 2020 | $0.053 | OrdinaryDividend |
Sep 17, 2020 | $0.053 | OrdinaryDividend |
Aug 20, 2020 | $0.062 | OrdinaryDividend |
Jul 23, 2020 | $0.085 | OrdinaryDividend |
Jun 18, 2020 | $0.066 | OrdinaryDividend |
May 21, 2020 | $0.072 | OrdinaryDividend |
Apr 16, 2020 | $0.096 | OrdinaryDividend |
Mar 19, 2020 | $0.092 | OrdinaryDividend |
Feb 20, 2020 | $0.073 | OrdinaryDividend |
Jan 16, 2020 | $0.069 | OrdinaryDividend |
Dec 18, 2019 | $0.073 | OrdinaryDividend |
Nov 14, 2019 | $0.071 | OrdinaryDividend |
Oct 17, 2019 | $0.075 | OrdinaryDividend |
Sep 19, 2019 | $0.079 | OrdinaryDividend |
Aug 22, 2019 | $0.076 | OrdinaryDividend |
Jul 18, 2019 | $0.088 | OrdinaryDividend |
Jun 20, 2019 | $0.087 | OrdinaryDividend |
May 23, 2019 | $0.082 | OrdinaryDividend |
Apr 17, 2019 | $0.078 | OrdinaryDividend |
Mar 21, 2019 | $0.087 | OrdinaryDividend |
Feb 21, 2019 | $0.087 | OrdinaryDividend |
Jan 17, 2019 | $0.079 | OrdinaryDividend |
Dec 20, 2018 | $0.112 | OrdinaryDividend |
Nov 15, 2018 | $0.061 | OrdinaryDividend |
Oct 18, 2018 | $0.113 | OrdinaryDividend |
Sep 20, 2018 | $0.087 | OrdinaryDividend |
Aug 23, 2018 | $0.090 | OrdinaryDividend |
Jul 19, 2018 | $0.092 | OrdinaryDividend |
Jun 21, 2018 | $0.075 | OrdinaryDividend |
May 17, 2018 | $0.085 | OrdinaryDividend |
Apr 19, 2018 | $0.086 | OrdinaryDividend |
Mar 22, 2018 | $0.126 | OrdinaryDividend |
Feb 15, 2018 | $0.080 | OrdinaryDividend |
Jan 18, 2018 | $0.084 | OrdinaryDividend |
Dec 21, 2017 | $0.099 | OrdinaryDividend |
Nov 16, 2017 | $0.087 | OrdinaryDividend |
Oct 19, 2017 | $0.096 | OrdinaryDividend |
Sep 21, 2017 | $0.095 | OrdinaryDividend |
Aug 23, 2017 | $0.088 | OrdinaryDividend |
Jul 19, 2017 | $0.090 | OrdinaryDividend |
Jun 21, 2017 | $0.089 | OrdinaryDividend |
May 17, 2017 | $0.104 | OrdinaryDividend |
Apr 19, 2017 | $0.087 | OrdinaryDividend |
Mar 22, 2017 | $0.104 | OrdinaryDividend |
Feb 15, 2017 | $0.086 | OrdinaryDividend |
Jan 18, 2017 | $0.095 | OrdinaryDividend |
Dec 21, 2016 | $0.093 | OrdinaryDividend |
Nov 16, 2016 | $0.090 | OrdinaryDividend |
Oct 19, 2016 | $0.093 | OrdinaryDividend |
Sep 21, 2016 | $0.098 | OrdinaryDividend |
Aug 24, 2016 | $0.098 | OrdinaryDividend |
Jul 20, 2016 | $0.101 | OrdinaryDividend |
Jun 22, 2016 | $0.132 | OrdinaryDividend |
May 18, 2016 | $0.083 | OrdinaryDividend |
Apr 20, 2016 | $0.113 | OrdinaryDividend |
Mar 23, 2016 | $0.087 | OrdinaryDividend |
Feb 17, 2016 | $0.069 | OrdinaryDividend |
Jan 20, 2016 | $0.068 | OrdinaryDividend |
Dec 23, 2015 | $0.075 | OrdinaryDividend |
Nov 18, 2015 | $0.072 | OrdinaryDividend |
Oct 21, 2015 | $0.074 | OrdinaryDividend |
Sep 23, 2015 | $0.068 | OrdinaryDividend |
Aug 19, 2015 | $0.079 | OrdinaryDividend |
Jul 22, 2015 | $0.075 | OrdinaryDividend |
Jun 24, 2015 | $0.085 | OrdinaryDividend |
May 20, 2015 | $0.064 | OrdinaryDividend |
Apr 22, 2015 | $0.074 | OrdinaryDividend |
Mar 25, 2015 | $0.082 | OrdinaryDividend |
Feb 18, 2015 | $0.052 | OrdinaryDividend |
Jan 21, 2015 | $0.072 | OrdinaryDividend |
Dec 24, 2014 | $0.002 | CapitalGainLongTerm |
Dec 24, 2014 | $0.090 | OrdinaryDividend |
Nov 19, 2014 | $0.073 | OrdinaryDividend |
Oct 22, 2014 | $0.066 | OrdinaryDividend |
Sep 24, 2014 | $0.065 | OrdinaryDividend |
Aug 20, 2014 | $0.062 | OrdinaryDividend |
Jul 23, 2014 | $0.066 | OrdinaryDividend |
Jun 25, 2014 | $0.065 | OrdinaryDividend |
May 21, 2014 | $0.070 | OrdinaryDividend |
Apr 23, 2014 | $0.085 | OrdinaryDividend |
Mar 26, 2014 | $0.096 | OrdinaryDividend |
Feb 19, 2014 | $0.050 | OrdinaryDividend |
Jan 22, 2014 | $0.034 | OrdinaryDividend |
Dec 26, 2013 | $0.086 | OrdinaryDividend |
Nov 20, 2013 | $0.029 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Oct 07, 2013
8.65
8.7%
Tim Anderson, CFA: Global Fixed Income CIO Tim brings over 25 years of experience in all aspects of the fixed-income arena. In 1998, Tim began a working relationship with many individuals on the RiverFront investment team when he moved to Richmond to manage a high yield bond portfolio. Tim was one of RiverFront’s founding employees and has been managing RiverFront’s fixed income strategies, sub-advised ETFs, and the fixed income portion of RiverFront’s balanced portfolios since their inception. Prior to launching RiverFront, Tim served as the Chief Fixed-Income Strategist at Wachovia Securities. He earned a BS in Finance from DePaul University and an MBA from the University of Chicago. He received his CFA designation in 1993.
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Kevin Nicholson, CFA: Chief Market Strategist, COO of RiverShares Division Kevin serves as Chief Market Strategist and COO of RiverShares Division and is responsible for raising and deploying cash in the portfolios, as well as determining which asset classes to use as funding or investment sources when making the tactical allocation decisions in the RiverFront strategies. Kevin's career has spanned over 25 years and during that time he has served in various capacities in trading, portfolio management and risk management. He joined RiverFront in 2010 and served as the senior Fixed Income Portfolio Manager for 2 years and the Chief Risk Officer for 4 years. In his role as Chief Market Strategist, his primary responsibility is implementing the tactical asset allocation shifts in the firm’s strategies. In addition, Kevin serves on the firm’s Investment Committee. He is also a regular guest on financial news channels (CNBC, Bloomberg) and is frequently quoted in the financial press. Kevin earned a BA in Business and Economics from Randolph-Macon College and an MBA from Virginia Commonwealth University. He earned his CFA designation in 2014.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 28.31 | 6.8 | 3.67 |
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