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 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-3.6%
1 yr return
-0.6%
3 Yr Avg Return
-2.6%
5 Yr Avg Return
-2.1%
Net Assets
$10.2 M
Holdings in Top 10
47.0%
Expense Ratio 3.92%
Front Load N/A
Deferred Load 1.00%
Turnover 30.37%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$1,000
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To achieve its objective of long-term capital growth, normally, the International Fund invests at least 60% of its net assets in foreign (non-U.S.) equity securities. Equity securities are selected based on their price versus value, business quality and balance sheet strength, among other factors. The International Fund also may invest up to 40% of its total assets in debt instruments (including those of foreign issuers). The International Fund may also invest in cash and cash equivalents. The International Fund may generally invest in the following fixed income securities: notes, bills and debentures, bank debt obligations, high-yield debt securities rated below investment grade, convertible securities, Rule 144A securities (Rule 144A securities are restricted securities that can be resold to qualified institutional buyers but not to the general public); and securities issued by international government or quasi-government organizations and sovereign debt securities. The International Fund may invest in debt securities generally without regard to their credit rating or time to maturity. The International Fund may invest up to 20% of its total assets in lower-rated or defaulted debt securities (including so-called junk bonds), corporate debt, comparable unrated debt securities, or other indebtedness (or participations in the indebtedness) of such companies. In selecting debt securities to achieve the International Funds investment objective, the Adviser considers the likelihood of default and the potential for capital appreciation. The International Fund may also invest up to 10% of its total assets in precious metals such as gold or silver, or in instruments related to such precious metals such as commodity contracts, options on such contracts, structured notes and ETFs. The International Fund may invest in the foregoing securities or assets directly or gain exposure to such securities or assets indirectly by investing in ETFs or other investment companies.
The International Fund particularly seeks companies that have financial strength and stability, strong management and fundamental or intrinsic value. Intrinsic value is based on our judgment of what a prudent and rational business buyer would pay in cash for a company in normal markets. The Adviser follows a bottom-up oriented long-term investment philosophy. The International Fund identifies investment opportunities through intensive research of individual companies and generally does not focus or rely on current stock market conditions and other macro factors when assessing potential investment opportunities. The International Fund focuses its investments in areas where the Adviser finds the most compelling opportunities at any given moment and on situations that, in the Advisers opinion, have the potential for capital appreciation. The investment philosophy and strategy of the International Fund seeks a margin of safety in investments, i.e., where the market price of an investment is below its fundamental value, with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to intrinsic value is sought even for the best of businesses, with a deeper discount demanded for companies that the Adviser views as under business model, balance sheet, management or other stresses. For these reasons, the International Fund may seek investments in the equity securities of companies in industries that are believed to be temporarily depressed.
Investment decisions for the International Fund are made without regard to the capitalization (size) of the companies in which it invests.
The International Fund invests primarily in equity securities of companies traded in mature markets (markets that already have a number of established companies, for example, Japan, Germany and France) and may invest in countries whose economies are still developing (sometimes called emerging markets). The International Fund intends to invest its assets in investments that are tied economically to a number of countries throughout the world. Under normal circumstances, the International Fund invests in issuers located in at least three different countries (not including the U.S. although the International Fund may also invest in U.S. issuers).
The International Fund may invest a portion of its assets in derivative instruments. These include forward contracts and futures contracts. The International Fund may invest in derivatives primarily to seek to hedge exposure to certain markets and securities and/or for non-hedging speculative that seek to take maximum advantage of market fluctuations. The International Fund may seek to hedge its exposure to foreign currencies, typically through the use of foreign currency derivatives, including currency forward contracts and may engage in currency transactions with counterparties to gain or reduce exposure to certain currencies or to generate income or gains.
The International Fund may also engage in securities lending to generate income.
The Adviser considers selling a security when it determines that such security no longer offers fundamental value or financial strength and stability.
Period | CSINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.6% | -3.5% | 28.3% | 100.00% |
1 Yr | -0.6% | -1.8% | 35.5% | 99.84% |
3 Yr | -2.6%* | -13.8% | 47.8% | 99.35% |
5 Yr | -2.1%* | -34.2% | 74.9% | 99.83% |
10 Yr | N/A* | 1.0% | 32.0% | N/A |
* Annualized
Period | CSINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.6% | -1.4% | 22.0% | 97.65% |
2022 | -12.3% | -43.6% | 71.3% | 6.72% |
2021 | 2.6% | -28.5% | 18.9% | 64.88% |
2020 | -6.6% | -90.1% | 992.1% | 98.49% |
2019 | 11.3% | -1.9% | 38.8% | 96.10% |
Period | CSINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.6% | -3.5% | 28.3% | 100.00% |
1 Yr | -0.6% | -1.8% | 35.5% | 99.84% |
3 Yr | -2.6%* | -13.8% | 47.8% | 99.35% |
5 Yr | -2.1%* | -34.2% | 74.9% | 99.83% |
10 Yr | N/A* | 1.0% | 32.0% | N/A |
* Annualized
Period | CSINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | 3.2% | 23.8% | 98.27% |
2022 | -11.0% | -43.6% | 144.8% | 11.68% |
2021 | 3.7% | -22.6% | 56.0% | 94.96% |
2020 | -6.6% | -89.7% | 1010.8% | 99.67% |
2019 | 12.5% | 4.3% | 38.8% | 99.29% |
CSINX | Category Low | Category High | CSINX % Rank | |
---|---|---|---|---|
Net Assets | 10.2 M | 3.3 M | 425 B | 97.04% |
Number of Holdings | 45 | 1 | 10481 | 87.99% |
Net Assets in Top 10 | 3.95 M | 1.01 M | 47.5 B | 95.63% |
Weighting of Top 10 | 46.99% | 4.6% | 147.7% | 8.63% |
Weighting | Return Low | Return High | CSINX % Rank | |
---|---|---|---|---|
Stocks | 75.65% | 0.00% | 102.63% | 97.66% |
Cash | 22.16% | 0.00% | 44.84% | 0.78% |
Preferred Stocks | 2.34% | -0.05% | 6.89% | 6.08% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 7.04% |
Bonds | 0.00% | 0.00% | 95.29% | 13.88% |
Other | -0.16% | -2.12% | 47.54% | 98.44% |
Weighting | Return Low | Return High | CSINX % Rank | |
---|---|---|---|---|
Industrials | 38.82% | 5.17% | 99.49% | 0.48% |
Basic Materials | 18.51% | 0.00% | 23.86% | 1.44% |
Communication Services | 8.83% | 0.00% | 21.69% | 13.12% |
Energy | 8.31% | 0.00% | 16.89% | 5.60% |
Consumer Cyclical | 8.06% | 0.00% | 36.36% | 80.16% |
Consumer Defense | 7.61% | 0.00% | 32.29% | 80.32% |
Financial Services | 4.87% | 0.00% | 47.75% | 97.92% |
Healthcare | 4.24% | 0.00% | 20.35% | 97.12% |
Technology | 0.75% | 0.00% | 36.32% | 99.52% |
Utilities | 0.00% | 0.00% | 13.68% | 85.60% |
Real Estate | 0.00% | 0.00% | 14.59% | 76.48% |
Weighting | Return Low | Return High | CSINX % Rank | |
---|---|---|---|---|
Non US | 73.26% | 0.00% | 99.44% | 88.30% |
US | 2.39% | 0.00% | 102.01% | 67.08% |
CSINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.92% | 0.01% | 19.62% | 1.88% |
Management Fee | 0.90% | 0.00% | 1.65% | 94.03% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 83.10% |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
CSINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 7.41% |
CSINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 2.63% |
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.
CSINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.37% | 2.00% | 247.00% | 43.94% |
CSINX | Category Low | Category High | CSINX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.71% | 0.00% | 17.49% | 62.87% |
CSINX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
CSINX | Category Low | Category High | CSINX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.50% | -0.93% | 6.38% | 89.60% |
CSINX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 04, 2024 | $0.159 | OrdinaryDividend |
Dec 04, 2023 | $0.180 | OrdinaryDividend |
Dec 05, 2022 | $0.148 | OrdinaryDividend |
Dec 06, 2021 | $0.114 | OrdinaryDividend |
Dec 04, 2019 | $0.103 | OrdinaryDividend |
Dec 04, 2019 | $0.003 | CapitalGainShortTerm |
Dec 04, 2019 | $0.013 | CapitalGainLongTerm |
Dec 04, 2018 | $0.037 | CapitalGainShortTerm |
Dec 04, 2018 | $0.199 | CapitalGainLongTerm |
Dec 04, 2018 | $0.050 | OrdinaryDividend |
Dec 05, 2017 | $0.152 | CapitalGainShortTerm |
Dec 05, 2017 | $0.017 | CapitalGainLongTerm |
Dec 15, 2016 | $0.054 | OrdinaryDividend |
Dec 15, 2016 | $0.014 | CapitalGainShortTerm |
Start Date
Tenure
Tenure Rank
May 03, 2016
6.08
6.1%
Abhay Deshpande founded Centerstone Investors and serves as the Chief Investment Officer. He has many years of experience researching and investing in businesses globally. Prior to establishing Centerstone, Mr. Deshpande was a Portfolio Manager at First Eagle Investment Management, advisor to the Global and Overseas strategies that comprised the vast majority of the firm’s billions in assets under management. During his 15-year tenure, his responsibilities included hiring and training analysts along with leading the research team during times of market turbulence. He spearheaded the research efforts during both the 2001 technology and 2008 credit crises, and in both cases his direct efforts helped clients minimize losses, and ultimately thrive, during his career at First Eagle. Previously, Mr. Deshpande was a Research Analyst with Harris Associates and International and Global products. He also was an Analyst for Morningstar responsible for following a variety of International mutual funds. He began his career at a boutique investment advisor in Louisville, KY. Mr. Deshpande holds a BS in Finance from the University of Louisville. He is a CFA Charterholder and a member of the New York Society of Security Analysts.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.32 | 3.25 |
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