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 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$88.5 M
Holdings in Top 10
27.1%
Expense Ratio 2.22%
Front Load N/A
Deferred Load 1.00%
Turnover 118.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. Such securities may be rated at any level by nationally recognized statistical rating organizations or they may be unrated. It is anticipated that the Fund’s portfolio will typically include a high proportion, perhaps even 100%, of high-yield/high-risk securities rated below investment grade. Such securities are sometimes called “junk bonds.”
The bonds the Fund purchases can be of any maturity but the average effective weighted maturity of the Fund’s portfolio will normally be within one year of the average maturity of the Bloomberg US Corporate High Yield Total Return Index Value Unhedged. The average maturity of the Index as of December 31, 2023 was 4.85 years.
In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, Aquila Investment Management LLC (the “Manager”) applies a “bottom up” approach in choosing investments. The Manager considers the individual characteristics of each potential investment in an income-producing security to determine if it is an attractive investment opportunity and consistent with the Fund’s investment policies. The Manager also employs a relative value analysis and fundamental credit research on potential investments in an effort to identify companies with attractive characteristics such as improving balance sheets, improving cash flow or interest coverage, improving earnings, hidden or unappreciated value, management quality, and/or strong business models.
Within the parameters of the Fund’s specific investment policies, the Fund may invest without limit in foreign debt, including debt of emerging markets issuers. The Fund may also invest in subordinated securities and may hold cash or other short-term investments.
Period | ATPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -7.5% | 17.7% | 93.95% |
1 Yr | N/A | -4.7% | 18.4% | 94.93% |
3 Yr | N/A* | -14.4% | 21.6% | 78.43% |
5 Yr | N/A* | -11.4% | 37.2% | 80.88% |
10 Yr | N/A* | -4.7% | 20.4% | 88.68% |
* Annualized
Period | ATPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | -4.7% | 14.3% | 76.72% |
2022 | -9.3% | -33.4% | 3.6% | 4.97% |
2021 | -1.0% | -8.4% | 8.2% | 82.47% |
2020 | 3.7% | -13.2% | 302.7% | 6.37% |
2019 | 3.3% | -4.4% | 13.3% | 93.99% |
Period | ATPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -7.5% | 17.7% | 93.95% |
1 Yr | N/A | -4.7% | 18.4% | 94.93% |
3 Yr | N/A* | -14.4% | 21.6% | 78.43% |
5 Yr | N/A* | -11.4% | 37.2% | 80.88% |
10 Yr | N/A* | -4.7% | 20.4% | 88.68% |
* Annualized
Period | ATPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.4% | -4.7% | 18.7% | 92.62% |
2022 | -6.0% | -33.4% | 47.8% | 10.60% |
2021 | 2.9% | -8.4% | 12.4% | 88.49% |
2020 | 7.3% | -9.6% | 325.6% | 18.58% |
2019 | 6.3% | -3.8% | 19.4% | 96.54% |
ATPCX | Category Low | Category High | ATPCX % Rank | |
---|---|---|---|---|
Net Assets | 88.5 M | 3.13 M | 25.3 B | 86.76% |
Number of Holdings | 55 | 2 | 4432 | 97.04% |
Net Assets in Top 10 | 18.6 M | -492 M | 6.67 B | 83.91% |
Weighting of Top 10 | 27.14% | 4.2% | 146.0% | 10.02% |
Weighting | Return Low | Return High | ATPCX % Rank | |
---|---|---|---|---|
Bonds | 96.16% | 0.00% | 145.36% | 41.01% |
Cash | 3.84% | -52.00% | 48.02% | 44.83% |
Convertible Bonds | 3.40% | 0.00% | 17.89% | 8.87% |
Stocks | 0.00% | 0.00% | 97.54% | 78.59% |
Preferred Stocks | 0.00% | 0.00% | 4.97% | 49.59% |
Other | 0.00% | -39.08% | 99.23% | 56.49% |
Weighting | Return Low | Return High | ATPCX % Rank | |
---|---|---|---|---|
Corporate | 98.93% | 0.00% | 100.00% | 6.41% |
Cash & Equivalents | 2.81% | 0.00% | 48.02% | 55.99% |
Derivative | 0.00% | -14.58% | 42.26% | 44.01% |
Securitized | 0.00% | 0.00% | 97.24% | 52.47% |
Municipal | 0.00% | 0.00% | 1.17% | 19.08% |
Government | 0.00% | 0.00% | 99.07% | 43.91% |
Weighting | Return Low | Return High | ATPCX % Rank | |
---|---|---|---|---|
US | 96.16% | 0.00% | 126.57% | 32.02% |
Non US | 0.00% | 0.00% | 96.91% | 50.41% |
ATPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.22% | 0.02% | 38.33% | 4.92% |
Management Fee | 0.65% | 0.00% | 1.75% | 73.98% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 79.07% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
ATPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 17.72% |
ATPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 75.51% |
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.
ATPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 118.00% | 1.00% | 255.00% | 93.18% |
ATPCX | Category Low | Category High | ATPCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.76% | 92.82% |
ATPCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
ATPCX | Category Low | Category High | ATPCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.72% | -2.39% | 9.30% | 95.99% |
ATPCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Jul 31, 2024 | $0.030 | OrdinaryDividend |
Jun 30, 2024 | $0.029 | OrdinaryDividend |
Apr 30, 2024 | $0.029 | OrdinaryDividend |
Mar 31, 2024 | $0.029 | OrdinaryDividend |
Feb 29, 2024 | $0.027 | OrdinaryDividend |
Jan 31, 2024 | $0.028 | OrdinaryDividend |
Dec 31, 2023 | $0.028 | OrdinaryDividend |
Nov 30, 2023 | $0.027 | OrdinaryDividend |
Oct 31, 2023 | $0.027 | OrdinaryDividend |
Sep 30, 2023 | $0.025 | OrdinaryDividend |
Aug 31, 2023 | $0.025 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.024 | OrdinaryDividend |
May 31, 2023 | $0.024 | OrdinaryDividend |
Apr 28, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.024 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.023 | OrdinaryDividend |
Dec 30, 2022 | $0.024 | OrdinaryDividend |
Nov 30, 2022 | $0.023 | OrdinaryDividend |
Oct 31, 2022 | $0.023 | OrdinaryDividend |
Sep 30, 2022 | $0.022 | OrdinaryDividend |
Aug 31, 2022 | $0.023 | OrdinaryDividend |
Jul 29, 2022 | $0.023 | OrdinaryDividend |
Jun 30, 2022 | $0.020 | OrdinaryDividend |
May 31, 2022 | $0.021 | OrdinaryDividend |
Apr 29, 2022 | $0.021 | OrdinaryDividend |
Mar 31, 2022 | $0.021 | OrdinaryDividend |
Feb 28, 2022 | $0.018 | OrdinaryDividend |
Jan 31, 2022 | $0.022 | OrdinaryDividend |
Dec 31, 2021 | $0.022 | OrdinaryDividend |
Dec 30, 2021 | $0.042 | CapitalGainShortTerm |
Nov 30, 2021 | $0.021 | OrdinaryDividend |
Oct 29, 2021 | $0.022 | OrdinaryDividend |
Sep 30, 2021 | $0.021 | OrdinaryDividend |
Aug 31, 2021 | $0.022 | OrdinaryDividend |
Jul 30, 2021 | $0.021 | OrdinaryDividend |
Jun 30, 2021 | $0.023 | OrdinaryDividend |
May 28, 2021 | $0.024 | OrdinaryDividend |
Apr 30, 2021 | $0.024 | OrdinaryDividend |
Mar 31, 2021 | $0.025 | OrdinaryDividend |
Feb 26, 2021 | $0.022 | OrdinaryDividend |
Jan 29, 2021 | $0.025 | OrdinaryDividend |
Dec 31, 2020 | $0.025 | OrdinaryDividend |
Nov 30, 2020 | $0.022 | OrdinaryDividend |
Oct 30, 2020 | $0.026 | OrdinaryDividend |
Sep 30, 2020 | $0.024 | OrdinaryDividend |
Aug 31, 2020 | $0.024 | OrdinaryDividend |
Jul 31, 2020 | $0.024 | OrdinaryDividend |
Jun 30, 2020 | $0.025 | OrdinaryDividend |
May 29, 2020 | $0.022 | OrdinaryDividend |
Apr 30, 2020 | $0.015 | OrdinaryDividend |
Mar 31, 2020 | $0.018 | OrdinaryDividend |
Feb 28, 2020 | $0.018 | OrdinaryDividend |
Jan 31, 2020 | $0.020 | OrdinaryDividend |
Dec 31, 2019 | $0.020 | OrdinaryDividend |
Nov 29, 2019 | $0.019 | OrdinaryDividend |
Oct 31, 2019 | $0.020 | OrdinaryDividend |
Sep 30, 2019 | $0.020 | OrdinaryDividend |
Aug 30, 2019 | $0.020 | OrdinaryDividend |
Jul 31, 2019 | $0.020 | OrdinaryDividend |
Dec 31, 2010 | $0.160 | CapitalGainShortTerm |
Dec 31, 2010 | $0.080 | CapitalGainLongTerm |
Dec 26, 2007 | $0.015 | CapitalGainShortTerm |
Dec 26, 2007 | $0.001 | CapitalGainLongTerm |
Dec 22, 2006 | $0.012 | CapitalGainShortTerm |
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Mr. Schiffman is a Portfolio Manager at Aquila since September 2021. Mr. Schiffman was Chief Investment Officer and Senior Portfolio Manager of The Terra Group from 2020 to September 2021. Mr. Schiffman was Director of Insurance Investing at Foresters Investment Management Co. from 2017 to 2019, where he was responsible for the management and credit research of all investment-grade and high-yield fixed income, insurance-related assets. Previously, Mr. Schiffman was a senior fixed income portfolio manager and senior financial strategist at First Empire Asset Management from 2011 to 2017, a risk manager and senior compliance officer at UBS International from 2005 to 2011, a director of fixed income investments and senior fixed income portfolio manager at The Pension Boards – United Church of Christ from 2000 to 2005, and a portfolio manager at GRE Insurance Group from 1996 to 1999. Mr. Schiffman is a graduate of the State University of New York at Binghamton where he earned a Bachelor of Arts degree in Economics, as well as an MBA in Finance. Mr. Schiffman is a member of the Fixed Income Analysts Society and the Bond Club of New York.
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Mr. Marcal has been employed by the Manager since 2013 as a Senior Vice President and portfolio manager. Prior to joining the Manager, he was a Portfolio Manager at Allianz Global Investors (formerly Nicholas-Applegate Capital Management) from 1994 to 2013. Mr. Marcal has years of investment industry experience and has portfolio management and research responsibilities for the International Equities team. He also serves on the asset allocation committee. Before joining the team, Mr. Marcal had been a portfolio manager on the Global Select product and also the lead portfolio manager for the Emerging Markets product. He joined AGI Capital in 1994 via a predecessor affiliate in which he was also a Partner. Prior to that, he was an economist at A.B. Laffer, V.A. Canto & Associates, a global economic consulting firm, and a trader at A-Mark Precious Metals, a commodities firm. Mr. Marcal earned his M.B.A. from the UCLA Anderson School of Management and his B.A. from the University of California, San Diego. As part of his undergraduate degree, he spent a year studying development economics at London University.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.31 | 8.17 |
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...