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 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
5.3%
1 yr return
16.4%
3 Yr Avg Return
1.1%
5 Yr Avg Return
2.3%
Net Assets
$1.1 B
Holdings in Top 10
26.1%
Expense Ratio 0.98%
Front Load 3.50%
Deferred Load N/A
Turnover 52.00%
Redemption Fee N/A
Standard (Taxable)
$250
IRA
$25
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund will invest at least 80% of its net assets (including any borrowing for investment purposes) in bonds and other debt securities, which may be represented by derivatives. The fund will invest at least 80% of its net assets (including any borrowing for investment purposes) in emerging markets securities, defined as securities: (1) that are tied economically to emerging markets as defined by global index providers designated by the investment adviser (for example, the investment adviser expects that most emerging markets included in any one of the Morgan Stanley Capital Index (MSCI) Emerging Markets or Frontier Market Indices or J.P. Morgan Emerging Markets Bond and J.P. Morgan Global Bond Indices will be treated as emerging markets); (2) that are denominated in emerging markets currencies; (3) that are from issuers deemed to be suitable for the fund because they have or are expected to have significant economic exposure to emerging markets (through assets, revenues, or profits); (4) that are issued by countries rated Ba/BB or lower; or (5) that are issued by countries that are on an International Monetary Fund (“IMF”) program, have outstanding liabilities to the IMF or have exited an IMF program no more than five years earlier. The IMF’s primary purpose is to ensure the stability of the international monetary system. Under an IMF lending program, certain countries may request financial assistance to help correct balance of payment problems in those countries. The fund may invest up to 100% of its assets in securities denominated in currencies other than the U.S. dollar. The fund may invest in any quality debt securities with a wide range of maturities.
The fund may invest in forward currency contracts, futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.
The fund invests primarily in securities of emerging market issuers, including for example, sovereign debt of emerging market countries and debt of companies located in or with substantial business in emerging markets. Such securities may be rated Ba1 or below and BB+ or below by Nationally Recognized Statistical Ratings Organizations designated by the fund’s investment adviser, or in securities that are unrated but determined to be of equivalent quality by the fund’s investment adviser. Such securities are sometimes referred to as “junk bonds.” Ratings are only one of many factors the investment adviser considers when investing in emerging markets and are not necessarily determinative of the potential return on the investment.
The fund is nondiversified, which allows it to invest a greater percentage of its assets in any one issuer than would otherwise be the case.
The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
Period | CBNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.3% | -1.5% | 490.6% | 69.05% |
1 Yr | 16.4% | 7.2% | 538.0% | 63.61% |
3 Yr | 1.1%* | -8.1% | 60.6% | 31.69% |
5 Yr | 2.3%* | -6.3% | 30.3% | 18.45% |
10 Yr | N/A* | -5.2% | 15.0% | N/A |
* Annualized
Period | CBNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | -10.6% | 17.8% | 36.27% |
2022 | -18.4% | -29.1% | -2.4% | 51.58% |
2021 | -8.4% | -24.0% | 2.7% | 58.72% |
2020 | 2.1% | -14.0% | 9.7% | 26.10% |
2019 | 6.3% | -6.4% | 13.0% | 73.88% |
Period | CBNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.3% | -1.5% | 490.6% | 69.05% |
1 Yr | 16.4% | 7.2% | 538.0% | 63.61% |
3 Yr | 1.1%* | -8.1% | 60.6% | 31.69% |
5 Yr | 2.3%* | -6.3% | 30.3% | 18.45% |
10 Yr | N/A* | -5.2% | 15.0% | N/A |
* Annualized
Period | CBNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.1% | -0.6% | 20.0% | 15.25% |
2022 | -11.9% | -27.6% | -1.7% | 39.65% |
2021 | -3.6% | -18.5% | 7.4% | 55.16% |
2020 | 8.5% | -7.8% | 18.0% | 6.62% |
2019 | 14.3% | -3.0% | 23.0% | 32.09% |
CBNAX | Category Low | Category High | CBNAX % Rank | |
---|---|---|---|---|
Net Assets | 1.1 B | 565 K | 14.8 B | 20.68% |
Number of Holdings | 795 | 4 | 1813 | 11.53% |
Net Assets in Top 10 | 608 M | -134 M | 1.25 B | 7.80% |
Weighting of Top 10 | 26.14% | 5.8% | 102.2% | 29.45% |
Weighting | Return Low | Return High | CBNAX % Rank | |
---|---|---|---|---|
Bonds | 90.48% | 0.00% | 105.61% | 79.66% |
Cash | 13.75% | 0.00% | 24.01% | 9.15% |
Convertible Bonds | 0.33% | 0.00% | 8.47% | 40.41% |
Stocks | 0.07% | -0.01% | 96.53% | 24.41% |
Other | 0.06% | -13.89% | 86.73% | 44.07% |
Preferred Stocks | 0.00% | 0.00% | 2.76% | 42.37% |
Weighting | Return Low | Return High | CBNAX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 11.41% | N/A |
Technology | 0.00% | 0.00% | 30.64% | N/A |
Real Estate | 0.00% | 0.00% | 2.39% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 12.25% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 8.92% | N/A |
Consumer Defense | 0.00% | 0.00% | 24.66% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Weighting | Return Low | Return High | CBNAX % Rank | |
---|---|---|---|---|
US | 0.07% | 0.00% | 96.53% | 21.36% |
Non US | 0.00% | -0.01% | 88.09% | 44.75% |
Weighting | Return Low | Return High | CBNAX % Rank | |
---|---|---|---|---|
Government | 80.88% | 0.00% | 99.79% | 10.96% |
Cash & Equivalents | 13.75% | 0.00% | 23.23% | 6.10% |
Corporate | 13.74% | 0.00% | 91.26% | 63.70% |
Derivative | 0.06% | -3.00% | 13.76% | 30.85% |
Securitized | 0.00% | 0.00% | 2.41% | 46.23% |
Municipal | 0.00% | 0.00% | 0.00% | 39.04% |
Weighting | Return Low | Return High | CBNAX % Rank | |
---|---|---|---|---|
Non US | 51.77% | 0.00% | 132.49% | 27.46% |
US | 38.70% | -42.31% | 99.15% | 71.86% |
CBNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.98% | 0.02% | 32.92% | 69.05% |
Management Fee | 0.46% | 0.00% | 1.10% | 8.81% |
12b-1 Fee | 0.24% | 0.00% | 1.00% | 13.97% |
Administrative Fee | 0.05% | 0.02% | 0.65% | 31.43% |
CBNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.50% | 0.75% | 5.75% | 78.00% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
CBNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 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.
CBNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 52.00% | 0.00% | 218.00% | 42.25% |
CBNAX | Category Low | Category High | CBNAX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.76% | 0.00% | 22.22% | 19.32% |
CBNAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
CBNAX | Category Low | Category High | CBNAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.71% | -2.28% | 8.00% | 21.53% |
CBNAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.045 | OrdinaryDividend |
Aug 30, 2024 | $0.048 | OrdinaryDividend |
Jul 31, 2024 | $0.047 | OrdinaryDividend |
Apr 30, 2024 | $0.045 | OrdinaryDividend |
Mar 28, 2024 | $0.046 | OrdinaryDividend |
Feb 29, 2024 | $0.041 | OrdinaryDividend |
Jan 31, 2024 | $0.044 | OrdinaryDividend |
Dec 29, 2023 | $0.042 | OrdinaryDividend |
Nov 30, 2023 | $0.042 | OrdinaryDividend |
Oct 31, 2023 | $0.043 | OrdinaryDividend |
Sep 29, 2023 | $0.041 | OrdinaryDividend |
Aug 31, 2023 | $0.043 | OrdinaryDividend |
Jul 31, 2023 | $0.044 | OrdinaryDividend |
Jun 30, 2023 | $0.043 | OrdinaryDividend |
May 31, 2023 | $0.047 | OrdinaryDividend |
Apr 28, 2023 | $0.044 | OrdinaryDividend |
Mar 31, 2023 | $0.048 | OrdinaryDividend |
Feb 28, 2023 | $0.041 | OrdinaryDividend |
Jan 31, 2023 | $0.047 | OrdinaryDividend |
Dec 30, 2022 | $0.045 | OrdinaryDividend |
Nov 30, 2022 | $0.045 | OrdinaryDividend |
Oct 31, 2022 | $0.044 | OrdinaryDividend |
Sep 30, 2022 | $0.042 | OrdinaryDividend |
Aug 31, 2022 | $0.050 | OrdinaryDividend |
Jul 29, 2022 | $0.050 | OrdinaryDividend |
Jun 30, 2022 | $0.056 | OrdinaryDividend |
May 31, 2022 | $0.048 | OrdinaryDividend |
Apr 29, 2022 | $0.047 | OrdinaryDividend |
Mar 31, 2022 | $0.044 | OrdinaryDividend |
Feb 28, 2022 | $0.041 | OrdinaryDividend |
Jan 31, 2022 | $0.043 | OrdinaryDividend |
Dec 31, 2021 | $0.040 | OrdinaryDividend |
Nov 30, 2021 | $0.038 | OrdinaryDividend |
Oct 29, 2021 | $0.039 | OrdinaryDividend |
Sep 30, 2021 | $0.039 | OrdinaryDividend |
Aug 31, 2021 | $0.039 | OrdinaryDividend |
Jul 30, 2021 | $0.039 | OrdinaryDividend |
Jun 30, 2021 | $0.035 | OrdinaryDividend |
May 28, 2021 | $0.038 | OrdinaryDividend |
Apr 30, 2021 | $0.035 | OrdinaryDividend |
Mar 31, 2021 | $0.038 | OrdinaryDividend |
Feb 26, 2021 | $0.033 | OrdinaryDividend |
Jan 29, 2021 | $0.040 | OrdinaryDividend |
Dec 31, 2020 | $0.038 | OrdinaryDividend |
Nov 30, 2020 | $0.037 | OrdinaryDividend |
Oct 30, 2020 | $0.037 | OrdinaryDividend |
Sep 30, 2020 | $0.036 | OrdinaryDividend |
Aug 31, 2020 | $0.043 | OrdinaryDividend |
Jul 31, 2020 | $0.044 | OrdinaryDividend |
Jun 30, 2020 | $0.044 | OrdinaryDividend |
May 29, 2020 | $0.047 | OrdinaryDividend |
Apr 30, 2020 | $0.042 | OrdinaryDividend |
Mar 31, 2020 | $0.043 | OrdinaryDividend |
Feb 28, 2020 | $0.041 | OrdinaryDividend |
Jan 31, 2020 | $0.047 | OrdinaryDividend |
Dec 31, 2019 | $0.051 | OrdinaryDividend |
Dec 31, 2019 | $0.029 | CapitalGainLongTerm |
Nov 29, 2019 | $0.052 | OrdinaryDividend |
Oct 31, 2019 | $0.051 | OrdinaryDividend |
Sep 30, 2019 | $0.048 | OrdinaryDividend |
Aug 30, 2019 | $0.052 | OrdinaryDividend |
Jul 31, 2019 | $0.053 | OrdinaryDividend |
Jun 28, 2019 | $0.053 | OrdinaryDividend |
Jun 29, 2018 | $0.002 | CapitalGainLongTerm |
Dec 29, 2017 | $0.010 | CapitalGainShortTerm |
Dec 29, 2017 | $0.010 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Apr 22, 2016
6.11
6.1%
Robert H. Neithart is a fixed income portfolio manager at Capital Group. He is chair of Capital Strategy Research, Inc., and serves on the Fixed Income Management Committee. Rob’s investment responsibilities are focused on emerging market debt and global high-income portfolios. He has 34 years of investment experience, all with Capital Group. Rob began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor’s degree in economics from Occidental College graduating cum laude.
Start Date
Tenure
Tenure Rank
Apr 22, 2016
6.11
6.1%
Kirstie Spence is a fixed income portfolio manager at Capital Group. She has 26 years of investment experience, all with Capital Group. Earlier in her career at Capital, Kirstie was a fixed income investment analyst and her coverage included sovereign debt in emerging markets with a focus on Europe, the Middle East, Africa and Latin America, as well as European telecommunications as a credit analyst. Kirstie began her career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. She holds a master’s degree with honors in German and international relations from the University of St. Andrews, Scotland. Kirstie is based in London.
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Luis Freitas de Oliveira is a portfolio manager at Capital Group. He is chair of Capital International Sàrl. He has 33 years of investment experience and has been with Capital Group for 28 years. Earlier in his career, as an equity investment analyst at Capital, Luis covered financial institutions in emerging markets. Before joining Capital, he was a corporate banker for Citibank N.A. in Brazil. He holds an MBA from INSEAD, France, and a bachelor’s degree in economics from the Federal University of Minas Gerais, Brazil. Luis is based in Geneva.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 23.87 | 6.49 | 6.11 |
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...