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 12/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
7.2%
1 yr return
7.7%
3 Yr Avg Return
5.0%
5 Yr Avg Return
4.3%
Net Assets
$2 B
Holdings in Top 10
18.0%
Expense Ratio 1.81%
Front Load N/A
Deferred Load 1.00%
Turnover 54.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$500
Fund Type
Open End Mutual Fund
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield, fixed income securities (commonly referred to as "junk bonds"). The high yield, fixed income securities in which the fund will invest for purposes of this 80% policy will consist entirely of senior secured floating rate loans ("Senior Loans") issued by non-investment grade companies. Senior Loans typically are secured by specific collateral of the issuer and hold the most senior position in the issuer's capital structure. The interest rate on Senior Loans is adjusted periodically to a recognized base rate, such as the Secured Overnight Financing Rate ("SOFR"). While these characteristics may reduce interest rate risk and mitigate losses in the event of borrower default, the Senior Loans in which the fund invests have below investment grade credit ratings and thereby are considered speculative because of the significant credit risk of their issuers. The fund may invest up to 30% of its total assets in securities of non-U.S. issuers. The fund seeks to moderate risk by investing in a diversified portfolio of issuers across a variety of industry sectors. Investments are selected for the fund based on an analysis of individual issuers and the general business conditions affecting them. The fund generally will not invest in instruments rated at the time of investment in the lowest rating categories (Ca or below by Moody's Investors Service ("Moody's") and CC or below by S&P Global Ratings, a division of S&P Global Inc. ("S&P")) but may continue to hold securities which are subsequently downgraded.
Period | CHICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.2% | -3.7% | 10.2% | 76.98% |
1 Yr | 7.7% | -3.2% | 12.8% | 87.17% |
3 Yr | 5.0%* | -6.9% | 8.3% | 68.48% |
5 Yr | 4.3%* | -6.1% | 38.2% | 61.41% |
10 Yr | 3.5%* | -2.1% | 19.8% | 62.09% |
* Annualized
Period | CHICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -12.0% | 11.1% | 43.77% |
2022 | -6.7% | -22.9% | 5.1% | 36.05% |
2021 | 1.5% | -12.2% | 11.1% | 26.19% |
2020 | -2.1% | -14.1% | 289.8% | 33.06% |
2019 | 1.5% | -8.1% | 7.5% | 79.57% |
Period | CHICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.2% | -3.7% | 10.2% | 76.98% |
1 Yr | 7.7% | -3.2% | 12.8% | 87.17% |
3 Yr | 5.0%* | -6.9% | 8.3% | 68.48% |
5 Yr | 4.3%* | -6.1% | 38.2% | 61.41% |
10 Yr | 3.5%* | -2.1% | 19.8% | 62.09% |
* Annualized
Period | CHICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -12.0% | 22.1% | 68.68% |
2022 | -3.0% | -22.9% | 5.1% | 65.50% |
2021 | 4.5% | -10.2% | 11.1% | 61.11% |
2020 | 1.9% | -14.1% | 306.9% | 45.04% |
2019 | 5.9% | -3.6% | 10.5% | 81.28% |
CHICX | Category Low | Category High | CHICX % Rank | |
---|---|---|---|---|
Net Assets | 2 B | 29.9 M | 13.5 B | 23.94% |
Number of Holdings | 441 | 2 | 2051 | 32.30% |
Net Assets in Top 10 | 369 M | -191 M | 2.37 B | 21.01% |
Weighting of Top 10 | 18.01% | 5.2% | 100.7% | 26.56% |
Weighting | Return Low | Return High | CHICX % Rank | |
---|---|---|---|---|
Bonds | 93.31% | 0.00% | 161.82% | 60.70% |
Cash | 11.77% | -61.90% | 16.36% | 5.84% |
Stocks | 0.76% | 0.00% | 100.74% | 57.20% |
Convertible Bonds | 0.04% | 0.00% | 5.51% | 41.18% |
Preferred Stocks | 0.00% | -3.99% | 7.54% | 61.87% |
Other | -0.04% | -52.39% | 26.58% | 90.66% |
Weighting | Return Low | Return High | CHICX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 77.90% | 0.00% | 97.66% | 5.22% |
Consumer Defense | 22.10% | 0.00% | 100.00% | 4.35% |
Utilities | 0.00% | 0.00% | 100.00% | 44.35% |
Technology | 0.00% | 0.00% | 100.00% | 43.48% |
Real Estate | 0.00% | 0.00% | 48.61% | 31.30% |
Industrials | 0.00% | 0.00% | 100.00% | 65.22% |
Healthcare | 0.00% | 0.00% | 100.00% | 31.30% |
Financial Services | 0.00% | 0.00% | 89.61% | 32.17% |
Energy | 0.00% | 0.00% | 100.00% | 73.04% |
Communication Services | 0.00% | 0.00% | 100.00% | 68.70% |
Basic Materials | 0.00% | 0.00% | 1.36% | 31.30% |
Weighting | Return Low | Return High | CHICX % Rank | |
---|---|---|---|---|
US | 0.76% | -0.01% | 100.74% | 57.20% |
Non US | 0.00% | 0.00% | 0.68% | 52.53% |
Weighting | Return Low | Return High | CHICX % Rank | |
---|---|---|---|---|
Corporate | 91.85% | 0.00% | 99.80% | 35.69% |
Cash & Equivalents | 11.77% | 0.00% | 25.03% | 3.89% |
Securitized | 2.70% | 0.00% | 91.68% | 13.33% |
Municipal | 0.00% | 0.00% | 0.47% | 38.82% |
Government | 0.00% | 0.00% | 3.18% | 54.90% |
Derivative | -0.04% | -11.46% | 0.67% | 92.61% |
Weighting | Return Low | Return High | CHICX % Rank | |
---|---|---|---|---|
US | 89.44% | 0.00% | 124.50% | 64.20% |
Non US | 3.87% | 0.00% | 63.23% | 36.19% |
CHICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.81% | 0.03% | 5.51% | 26.52% |
Management Fee | 0.60% | 0.00% | 1.89% | 37.12% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 81.95% |
Administrative Fee | N/A | 0.02% | 0.27% | 29.63% |
CHICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 1.00% | 27.50% |
CHICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 16.28% |
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.
CHICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 54.00% | 4.00% | 180.00% | 41.74% |
CHICX | Category Low | Category High | CHICX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.74% | 0.00% | 11.13% | 93.96% |
CHICX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
CHICX | Category Low | Category High | CHICX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.66% | 1.77% | 9.82% | 89.33% |
CHICX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.041 | OrdinaryDividend |
Sep 30, 2024 | $0.041 | OrdinaryDividend |
Aug 30, 2024 | $0.043 | OrdinaryDividend |
Jul 31, 2024 | $0.043 | OrdinaryDividend |
Apr 30, 2024 | $0.043 | OrdinaryDividend |
Mar 28, 2024 | $0.045 | OrdinaryDividend |
Feb 29, 2024 | $0.045 | OrdinaryDividend |
Oct 31, 2023 | $0.046 | OrdinaryDividend |
Sep 29, 2023 | $0.043 | OrdinaryDividend |
Aug 31, 2023 | $0.046 | OrdinaryDividend |
Jul 31, 2023 | $0.047 | OrdinaryDividend |
Jun 30, 2023 | $0.043 | OrdinaryDividend |
May 31, 2023 | $0.044 | OrdinaryDividend |
Apr 28, 2023 | $0.041 | OrdinaryDividend |
Mar 31, 2023 | $0.042 | OrdinaryDividend |
Feb 28, 2023 | $0.036 | OrdinaryDividend |
Jan 31, 2023 | $0.039 | OrdinaryDividend |
Dec 31, 2022 | $0.039 | OrdinaryDividend |
Nov 30, 2022 | $0.034 | OrdinaryDividend |
Oct 31, 2022 | $0.033 | OrdinaryDividend |
Sep 30, 2022 | $0.027 | OrdinaryDividend |
Aug 31, 2022 | $0.026 | OrdinaryDividend |
Jul 31, 2022 | $0.023 | OrdinaryDividend |
Jun 30, 2022 | $0.019 | OrdinaryDividend |
May 31, 2022 | $0.018 | OrdinaryDividend |
Apr 29, 2022 | $0.016 | OrdinaryDividend |
Mar 31, 2022 | $0.015 | OrdinaryDividend |
Feb 28, 2022 | $0.013 | OrdinaryDividend |
Jan 31, 2022 | $0.013 | OrdinaryDividend |
Dec 31, 2021 | $0.014 | OrdinaryDividend |
Nov 30, 2021 | $0.013 | OrdinaryDividend |
Oct 29, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.015 | OrdinaryDividend |
Aug 31, 2021 | $0.017 | OrdinaryDividend |
Jul 31, 2021 | $0.014 | OrdinaryDividend |
Jun 30, 2021 | $0.014 | OrdinaryDividend |
May 28, 2021 | $0.014 | OrdinaryDividend |
Apr 30, 2021 | $0.015 | OrdinaryDividend |
Mar 31, 2021 | $0.015 | OrdinaryDividend |
Feb 26, 2021 | $0.014 | OrdinaryDividend |
Jan 29, 2021 | $0.017 | OrdinaryDividend |
Dec 31, 2020 | $0.017 | OrdinaryDividend |
Nov 30, 2020 | $0.014 | OrdinaryDividend |
Oct 30, 2020 | $0.018 | OrdinaryDividend |
Sep 30, 2020 | $0.014 | OrdinaryDividend |
Aug 31, 2020 | $0.018 | OrdinaryDividend |
Jul 31, 2020 | $0.017 | OrdinaryDividend |
Jun 30, 2020 | $0.020 | OrdinaryDividend |
May 29, 2020 | $0.021 | OrdinaryDividend |
Apr 30, 2020 | $0.022 | OrdinaryDividend |
Mar 31, 2020 | $0.023 | OrdinaryDividend |
Feb 28, 2020 | $0.021 | OrdinaryDividend |
Jan 31, 2020 | $0.023 | OrdinaryDividend |
Dec 31, 2019 | $0.023 | OrdinaryDividend |
Nov 29, 2019 | $0.021 | OrdinaryDividend |
Oct 31, 2019 | $0.024 | OrdinaryDividend |
Sep 30, 2019 | $0.023 | OrdinaryDividend |
Aug 30, 2019 | $0.023 | OrdinaryDividend |
Jul 31, 2019 | $0.024 | OrdinaryDividend |
Dec 12, 2014 | $0.003 | CapitalGainLongTerm |
Dec 11, 2007 | $0.051 | CapitalGainShortTerm |
Dec 11, 2007 | $0.186 | CapitalGainLongTerm |
Dec 08, 2006 | $0.036 | CapitalGainLongTerm |
Dec 31, 2005 | $0.008 | ExtraDividend |
Dec 09, 2005 | $0.220 | CapitalGainLongTerm |
Dec 31, 2004 | $0.078 | DailyAccrualFund |
Dec 10, 2004 | $0.007 | CapitalGainShortTerm |
Dec 10, 2004 | $0.120 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Oct 27, 2005
16.6
16.6%
Wing Chan is a Managing Director of Credit Suisse in the Asset Management business, based in New York. Ms. Chan is a Portfolio Manager of the Credit Investments Group. Ms. Chan is also a member of the CIG Credit Committee. Prior to joining Credit Suisse in 2005, Ms. Chan served as an Associate Portfolio Manager in Invesco's High Yield group. Previously, Ms. Chan worked at JP Morgan Fleming Asset Management where she shared responsibility for the management of Structured and Long Duration products. Ms. Chan earned a double B.S. in Economics and Finance from the Massachusetts Institute of Technology. Ms. Chan is a CFA Charterholder, and holds Series 3, 7 and 63 licenses.
Start Date
Tenure
Tenure Rank
Dec 31, 2006
15.42
15.4%
Mr. Farano is a Portfolio Manager for The Credit Suisse Credit Investments Group ("CIG") with responsibility for senior loans. Prior to joining CIG in 2006, Mr. Farano served as a Vice President in the High Yield department at SG America Securities Inc. Mr. Farano holds a B.B.A. in Accounting from James Madison University and an M.B.A. in Finance from UCLA's Anderson School.
Start Date
Tenure
Tenure Rank
Jun 03, 2010
12.0
12.0%
Mr. Flannery is a Portfolio Manager for Credit Suisse Credit Investments Group ("CIG") , with responsibility for trading, directing investment decisions, and originating and analyzing investment opportunities. Mr. Flannery is also a member of the CIG Credit Committee and is currently a high yield bond portfolio manager and trader for CIG. Mr. Flannery joined Credit Suisse in November 2000 through the merger with DLJ. Previous to CIG, Mr. Flannery served as an Associate at First Dominion Capital, LLC, which he joined in 1998. Mr. Flannery began his career with Houlihan Lokey Howard & Zukin, Inc., where he served as an Analyst in the Financial Restructuring Group, working on a variety of debtor and creditor representation assignments. Mr. Flannery graduated with a Bachelor of Science degree in Finance from Georgetown University.
Start Date
Tenure
Tenure Rank
Jun 03, 2011
11.0
11.0%
John G. Popp is a Managing Director of Credit Suisse and Group Head and Chief Investment Officer of the Credit Investments Group ("CIG"), with primary responsibility for making investment decisions and monitoring processes for CIG's global investment strategies. Mr. Popp is also a member of the CIG Credit Committee. Mr. Popp also serves as the Chief Executive Officer and President of the Credit Suisse Funds, as well as serving as Director, Chief Executive Officer and President for the Credit Suisse Asset Management Income Fund, Inc. and Trustee, Chief Executive Officer and President of the Credit Suisse High Yield Bond Fund. Previous to Credit Suisse, Mr. Popp was a Founding Partner and Head of Asset Management for First Dominion Capital, LLC. From 1992 through 1997, Mr. Popp was a Managing Director of Indosuez Capital and also served as President of Indosuez Capital Asset Advisors, Inc., and President of 1211 Investors, Inc. In 1989, Mr. Popp joined the Corporate Finance Department of Kidder Peabody & Co., Inc. as Senior Vice President, previously serving as Vice President in the Mergers and Acquisitions department of Drexel Burnham Lambert. Mr. Popp is a member of the Brookings Institute's Foreign Policy Leadership Committee and a member of the Juilliard School Council. Mr. Popp graduated with a Bachelor of Arts degree in History from Pomona College and an M.B.A. in Finance and Marketing from the Wharton Graduate Division of the University of Pennsylvania.
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Mr. Mechlin is a Portfolio Manager for Credit Suisse Asset Management, LLC with responsibility for senior loans and high yield bonds. He joined CIG as a credit analyst in 2006. Mr. Mechlin holds a B.S. in Finance and Accounting from Stern School of Business at New York University. Mr. Mechlin is a CFA Charterholder.
Start Date
Tenure
Tenure Rank
Oct 28, 2021
0.59
0.6%
Joshua Shedroff joined CIG in 2008 as a credit analyst and is currently a Portfolio Manager for CIG with responsibility for senior loans and high yield. Previously he served as an Associate at The GlenRock Group, a private equity firm, where he evaluated and executed growth equity and leveraged buyout transactions. Prior to that, he worked in the Corporate Development Group at AboveNet, where he focused on their Chapter 11 restructuring. Mr. Shedroff began his career in the Investment Banking Division at Salomon Smith Barney. Mr. Shedroff received an M.B.A. with honors from the Wharton School at the University of Pennsylvania and a B.A. with honors in Economics from Brandeis University.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.08 | 3.25 |
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