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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 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.7%
1 yr return
10.9%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
0.6%
Net Assets
$156 M
Holdings in Top 10
18.4%
Expense Ratio 1.17%
Front Load N/A
Deferred Load N/A
Turnover 59.00%
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
$50,000
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Funds Sub-Adviser seeks to achieve the Funds investment objectives by investing primarily in corporate and government bonds using the Sub-Advisers active management techniques including sector analysis and allocation through active sector rotation, issuer selection and opportunistic trading. Under normal market conditions, the Fund invests at least 80% of its assets in corporate bonds of issuers from any country and in government bonds. The Fund defines corporate bonds to include: (1) debt securities issued by a corporation (or equivalent entity), (2) non-government mortgage-backed securities and collateralized mortgage obligations (MBS), (3) asset-backed securities (ABS) and (4) index-linked bonds. These securities may be issued in reliance on Rule 144A under the Securities Act of 1933, and subject to restriction on resale. The Fund defines government bonds to include: (1) any United States government issued or guaranteed MBS (Gov-MBS) and debt securities issued by the United States Treasury, any agency or instrumentality of the United States; (2) any multi-governmental entity of which the United States is a member; and (3) any state or other political subdivision within the United States or its territories. In general, the Sub-Adviser buys securities that its active management techniques identify as undervalued and sells them when more compelling investments are available. The Funds Sub-Adviser may engage in active and frequent trading of the Funds portfolio securities to achieve the Funds investment objectives.
The Fund may invest up to 40% of its assets in higher-yielding, higher-risk corporate and government bonds, including high-yield bank loans — also known as high-yield or junk bonds — with medium to low credit quality ratings. High-yield bonds and bank loans are rated BB+ or lower by S&P, or comparably rated by another nationally recognized statistical rating organization (NRSRO), or if unrated determined by the Sub-Adviser to be of comparable quality. However, the Fund intends to maintain an average portfolio credit quality of investment grade. The bonds in the Funds portfolio can be of any maturity.
The Fund may invest up to 15% of its assets in derivative instruments, such as swaps (including credit default swap indices and single name credit default swaps), and forward and futures contracts, including interest rate futures. Derivatives may be used for investment purposes and/or to manage risks. The Fund also may hold foreign exchange derivatives (including currency forwards of both developed and emerging market countries). These instruments may be used to reduce foreign currency risk and/or to enhance returns.
The Fund may also engage in securities lending.
Period | DNCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -48.4% | 11.7% | 42.04% |
1 Yr | 10.9% | -44.9% | 23.7% | 51.02% |
3 Yr | -1.2%* | -22.1% | 28.6% | 17.29% |
5 Yr | 0.6%* | -12.9% | 59.0% | 33.14% |
10 Yr | 1.6%* | -5.3% | 74.0% | 48.57% |
* Annualized
Period | DNCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -16.2% | 8.1% | 46.05% |
2022 | -14.0% | -34.7% | 131.9% | 10.60% |
2021 | -2.0% | -11.6% | 4.4% | 7.35% |
2020 | 5.2% | -10.1% | 946.1% | 26.98% |
2019 | 6.9% | -1.7% | 16.9% | 11.82% |
Period | DNCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -48.4% | 11.7% | 42.04% |
1 Yr | 10.9% | -44.9% | 23.7% | 51.02% |
3 Yr | -1.2%* | -22.1% | 28.6% | 17.29% |
5 Yr | 0.6%* | -12.9% | 59.0% | 33.14% |
10 Yr | 1.6%* | -5.3% | 74.0% | 48.57% |
* Annualized
Period | DNCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.0% | -11.3% | 11.9% | 49.44% |
2022 | -12.4% | -32.2% | 131.9% | 15.74% |
2021 | -0.6% | -9.4% | 9.2% | 35.86% |
2020 | 7.6% | -1.9% | 1009.0% | 69.84% |
2019 | 10.0% | 1.1% | 21668.0% | 19.27% |
DNCGX | Category Low | Category High | DNCGX % Rank | |
---|---|---|---|---|
Net Assets | 156 M | 2.9 M | 314 B | 85.10% |
Number of Holdings | 568 | 1 | 17787 | 57.26% |
Net Assets in Top 10 | 33.6 M | 1.62 M | 36.1 B | 86.61% |
Weighting of Top 10 | 18.41% | 4.4% | 432.9% | 68.07% |
Weighting | Return Low | Return High | DNCGX % Rank | |
---|---|---|---|---|
Bonds | 68.04% | 0.00% | 993.61% | 96.33% |
Other | 31.01% | -16.55% | 52.94% | 2.35% |
Cash | 0.94% | -54.51% | 237.69% | 75.26% |
Stocks | 0.01% | 0.00% | 99.99% | 32.35% |
Preferred Stocks | 0.00% | 0.00% | 71.02% | 69.33% |
Convertible Bonds | 0.00% | 0.00% | 7.93% | 94.85% |
Weighting | Return Low | Return High | DNCGX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 71.72% |
Technology | 0.00% | 0.00% | 43.45% | 64.48% |
Real Estate | 0.00% | 0.00% | 99.26% | 67.24% |
Industrials | 0.00% | 0.00% | 48.31% | 67.59% |
Healthcare | 0.00% | 0.00% | 17.70% | 1.72% |
Financial Services | 0.00% | 0.00% | 100.00% | 73.45% |
Energy | 0.00% | 0.00% | 100.00% | 36.21% |
Communication Services | 0.00% | 0.00% | 100.00% | 74.83% |
Consumer Defense | 0.00% | 0.00% | 99.67% | 65.17% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 69.31% |
Basic Materials | 0.00% | 0.00% | 100.00% | 67.59% |
Weighting | Return Low | Return High | DNCGX % Rank | |
---|---|---|---|---|
US | 0.01% | 0.00% | 99.99% | 30.88% |
Non US | 0.00% | 0.00% | 86.16% | 58.90% |
Weighting | Return Low | Return High | DNCGX % Rank | |
---|---|---|---|---|
Corporate | 38.45% | 0.00% | 100.00% | 26.78% |
Securitized | 33.46% | 0.00% | 98.40% | 38.21% |
Government | 18.24% | 0.00% | 86.23% | 65.40% |
Municipal | 5.66% | 0.00% | 100.00% | 7.52% |
Cash & Equivalents | 0.64% | -0.46% | 237.69% | 74.74% |
Derivative | 0.00% | -1.41% | 44.82% | 69.53% |
Weighting | Return Low | Return High | DNCGX % Rank | |
---|---|---|---|---|
US | 68.04% | 0.00% | 993.61% | 95.50% |
Non US | 0.00% | 0.00% | 35.41% | 71.98% |
DNCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.17% | 0.01% | 39.64% | 18.60% |
Management Fee | 0.82% | 0.00% | 1.76% | 99.69% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 8.35% |
Administrative Fee | N/A | 0.01% | 0.50% | 57.24% |
DNCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
DNCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
DNCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 59.00% | 2.00% | 493.39% | 23.15% |
DNCGX | Category Low | Category High | DNCGX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.93% | 0.00% | 10.11% | 45.10% |
DNCGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
DNCGX | Category Low | Category High | DNCGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.30% | -1.28% | 4.79% | 74.46% |
DNCGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.042 | OrdinaryDividend |
Aug 30, 2024 | $0.043 | OrdinaryDividend |
Jul 31, 2024 | $0.049 | OrdinaryDividend |
Apr 30, 2024 | $0.047 | OrdinaryDividend |
Mar 28, 2024 | $0.038 | OrdinaryDividend |
Feb 29, 2024 | $0.039 | OrdinaryDividend |
Jan 31, 2024 | $0.041 | OrdinaryDividend |
Dec 27, 2023 | $0.043 | OrdinaryDividend |
Nov 30, 2023 | $0.044 | OrdinaryDividend |
Oct 31, 2023 | $0.041 | OrdinaryDividend |
Sep 29, 2023 | $0.037 | OrdinaryDividend |
Aug 31, 2023 | $0.044 | OrdinaryDividend |
Jul 31, 2023 | $0.037 | OrdinaryDividend |
Jun 30, 2023 | $0.042 | OrdinaryDividend |
May 31, 2023 | $0.038 | OrdinaryDividend |
Apr 28, 2023 | $0.036 | OrdinaryDividend |
Mar 31, 2023 | $0.036 | OrdinaryDividend |
Feb 28, 2023 | $0.032 | OrdinaryDividend |
Jan 31, 2023 | $0.031 | OrdinaryDividend |
Dec 28, 2022 | $0.019 | OrdinaryDividend |
Nov 30, 2022 | $0.020 | OrdinaryDividend |
Oct 31, 2022 | $0.018 | OrdinaryDividend |
Sep 30, 2022 | $0.020 | OrdinaryDividend |
Aug 31, 2022 | $0.025 | OrdinaryDividend |
Jul 29, 2022 | $0.022 | OrdinaryDividend |
Jun 30, 2022 | $0.023 | OrdinaryDividend |
May 31, 2022 | $0.021 | OrdinaryDividend |
Apr 29, 2022 | $0.019 | OrdinaryDividend |
Mar 31, 2022 | $0.023 | OrdinaryDividend |
Feb 28, 2022 | $0.017 | OrdinaryDividend |
Jan 31, 2022 | $0.015 | OrdinaryDividend |
Dec 29, 2021 | $0.021 | OrdinaryDividend |
Nov 30, 2021 | $0.016 | OrdinaryDividend |
Oct 29, 2021 | $0.016 | OrdinaryDividend |
Sep 30, 2021 | $0.017 | OrdinaryDividend |
Aug 31, 2021 | $0.016 | OrdinaryDividend |
Jul 30, 2021 | $0.017 | OrdinaryDividend |
Jun 30, 2021 | $0.017 | OrdinaryDividend |
May 28, 2021 | $0.017 | OrdinaryDividend |
Apr 30, 2021 | $0.016 | OrdinaryDividend |
Mar 31, 2021 | $0.018 | OrdinaryDividend |
Feb 26, 2021 | $0.017 | OrdinaryDividend |
Jan 29, 2021 | $0.016 | OrdinaryDividend |
Dec 30, 2020 | $0.024 | OrdinaryDividend |
Nov 30, 2020 | $0.017 | OrdinaryDividend |
Oct 30, 2020 | $0.020 | OrdinaryDividend |
Sep 30, 2020 | $0.020 | OrdinaryDividend |
Aug 31, 2020 | $0.020 | OrdinaryDividend |
Jul 31, 2020 | $0.024 | OrdinaryDividend |
Jun 30, 2020 | $0.024 | OrdinaryDividend |
May 29, 2020 | $0.025 | OrdinaryDividend |
Apr 30, 2020 | $0.028 | OrdinaryDividend |
Mar 31, 2020 | $0.032 | OrdinaryDividend |
Feb 28, 2020 | $0.021 | OrdinaryDividend |
Jan 31, 2020 | $0.017 | OrdinaryDividend |
Dec 31, 2019 | $0.039 | OrdinaryDividend |
Nov 29, 2019 | $0.025 | OrdinaryDividend |
Oct 31, 2019 | $0.032 | OrdinaryDividend |
Sep 30, 2019 | $0.028 | OrdinaryDividend |
Aug 30, 2019 | $0.029 | OrdinaryDividend |
Jul 31, 2019 | $0.032 | OrdinaryDividend |
Jun 28, 2019 | $0.027 | OrdinaryDividend |
May 31, 2019 | $0.033 | OrdinaryDividend |
Apr 30, 2019 | $0.031 | OrdinaryDividend |
Mar 29, 2019 | $0.029 | OrdinaryDividend |
Feb 28, 2019 | $0.031 | OrdinaryDividend |
Jan 31, 2019 | $0.027 | OrdinaryDividend |
Dec 31, 2018 | $0.034 | OrdinaryDividend |
Nov 30, 2018 | $0.032 | OrdinaryDividend |
Oct 31, 2018 | $0.036 | OrdinaryDividend |
Sep 28, 2018 | $0.028 | OrdinaryDividend |
Aug 31, 2018 | $0.033 | OrdinaryDividend |
Jul 31, 2018 | $0.031 | OrdinaryDividend |
Jun 29, 2018 | $0.030 | OrdinaryDividend |
May 31, 2018 | $0.033 | OrdinaryDividend |
Apr 30, 2018 | $0.032 | OrdinaryDividend |
Mar 29, 2018 | $0.029 | OrdinaryDividend |
Feb 28, 2018 | $0.029 | OrdinaryDividend |
Jan 31, 2018 | $0.032 | OrdinaryDividend |
Dec 29, 2017 | $0.024 | OrdinaryDividend |
Nov 29, 2017 | $0.027 | OrdinaryDividend |
Oct 31, 2017 | $0.028 | OrdinaryDividend |
Sep 29, 2017 | $0.026 | OrdinaryDividend |
Aug 31, 2017 | $0.029 | OrdinaryDividend |
Jul 31, 2017 | $0.024 | OrdinaryDividend |
Jun 30, 2017 | $0.029 | OrdinaryDividend |
May 31, 2017 | $0.027 | OrdinaryDividend |
Apr 28, 2017 | $0.023 | OrdinaryDividend |
Mar 31, 2017 | $0.028 | OrdinaryDividend |
Feb 28, 2017 | $0.028 | OrdinaryDividend |
Jan 31, 2017 | $0.020 | OrdinaryDividend |
Dec 30, 2016 | $0.042 | OrdinaryDividend |
Nov 30, 2016 | $0.030 | OrdinaryDividend |
Oct 31, 2016 | $0.009 | OrdinaryDividend |
Sep 30, 2016 | $0.027 | OrdinaryDividend |
Aug 31, 2016 | $0.038 | OrdinaryDividend |
Jul 29, 2016 | $0.035 | OrdinaryDividend |
Jun 30, 2016 | $0.036 | OrdinaryDividend |
May 31, 2016 | $0.036 | OrdinaryDividend |
Apr 29, 2016 | $0.026 | OrdinaryDividend |
Mar 31, 2016 | $0.023 | OrdinaryDividend |
Feb 29, 2016 | $0.025 | OrdinaryDividend |
Jan 29, 2016 | $0.024 | OrdinaryDividend |
Dec 31, 2015 | $0.067 | OrdinaryDividend |
Nov 30, 2015 | $0.036 | OrdinaryDividend |
Oct 30, 2015 | $0.037 | OrdinaryDividend |
Sep 30, 2015 | $0.038 | OrdinaryDividend |
Aug 31, 2015 | $0.024 | OrdinaryDividend |
Jul 31, 2015 | $0.033 | OrdinaryDividend |
Jun 30, 2015 | $0.035 | OrdinaryDividend |
May 29, 2015 | $0.035 | OrdinaryDividend |
Apr 30, 2015 | $0.036 | OrdinaryDividend |
Mar 31, 2015 | $0.033 | OrdinaryDividend |
Feb 27, 2015 | $0.050 | OrdinaryDividend |
Jan 30, 2015 | $0.028 | OrdinaryDividend |
Dec 31, 2014 | $0.055 | OrdinaryDividend |
Nov 28, 2014 | $0.038 | OrdinaryDividend |
Oct 31, 2014 | $0.043 | OrdinaryDividend |
Sep 30, 2014 | $0.038 | OrdinaryDividend |
Aug 29, 2014 | $0.037 | OrdinaryDividend |
Jul 31, 2014 | $0.027 | OrdinaryDividend |
Jun 30, 2014 | $0.043 | OrdinaryDividend |
May 30, 2014 | $0.035 | OrdinaryDividend |
Apr 30, 2014 | $0.035 | OrdinaryDividend |
Mar 31, 2014 | $0.028 | OrdinaryDividend |
Feb 28, 2014 | $0.034 | OrdinaryDividend |
Jan 31, 2014 | $0.025 | OrdinaryDividend |
Dec 31, 2013 | $0.040 | OrdinaryDividend |
Dec 27, 2013 | $0.047 | CapitalGainLongTerm |
Nov 29, 2013 | $0.032 | OrdinaryDividend |
Oct 31, 2013 | $0.026 | OrdinaryDividend |
Sep 30, 2013 | $0.048 | OrdinaryDividend |
Aug 30, 2013 | $0.040 | OrdinaryDividend |
Jul 31, 2013 | $0.049 | OrdinaryDividend |
Jun 28, 2013 | $0.036 | OrdinaryDividend |
May 31, 2013 | $0.035 | OrdinaryDividend |
Apr 30, 2013 | $0.041 | OrdinaryDividend |
Mar 28, 2013 | $0.029 | OrdinaryDividend |
Feb 28, 2013 | $0.031 | OrdinaryDividend |
Jan 31, 2013 | $0.030 | OrdinaryDividend |
Dec 31, 2012 | $0.212 | CapitalGainShortTerm |
Dec 31, 2012 | $0.059 | CapitalGainLongTerm |
Dec 31, 2012 | $0.022 | OrdinaryDividend |
Nov 30, 2012 | $0.025 | OrdinaryDividend |
Oct 31, 2012 | $0.027 | OrdinaryDividend |
Sep 28, 2012 | $0.021 | OrdinaryDividend |
Aug 31, 2012 | $0.020 | OrdinaryDividend |
Jul 31, 2012 | $0.028 | OrdinaryDividend |
Jun 29, 2012 | $0.027 | OrdinaryDividend |
May 31, 2012 | $0.037 | OrdinaryDividend |
Apr 30, 2012 | $0.041 | OrdinaryDividend |
Mar 30, 2012 | $0.038 | OrdinaryDividend |
Feb 29, 2012 | $0.044 | OrdinaryDividend |
Jan 31, 2012 | $0.048 | OrdinaryDividend |
Dec 30, 2011 | $0.039 | OrdinaryDividend |
Dec 28, 2011 | $0.286 | CapitalGainLongTerm |
Nov 30, 2011 | $0.046 | OrdinaryDividend |
Oct 31, 2011 | $0.047 | OrdinaryDividend |
Sep 30, 2011 | $0.048 | OrdinaryDividend |
Aug 31, 2011 | $0.059 | OrdinaryDividend |
Jul 29, 2011 | $0.044 | OrdinaryDividend |
Jun 30, 2011 | $0.046 | OrdinaryDividend |
May 31, 2011 | $0.045 | OrdinaryDividend |
Apr 29, 2011 | $0.043 | OrdinaryDividend |
Mar 31, 2011 | $0.045 | OrdinaryDividend |
Feb 28, 2011 | $0.044 | OrdinaryDividend |
Jan 31, 2011 | $0.044 | OrdinaryDividend |
Dec 31, 2010 | $0.049 | OrdinaryDividend |
Dec 28, 2010 | $0.288 | CapitalGainShortTerm |
Dec 28, 2010 | $0.145 | CapitalGainLongTerm |
Nov 30, 2010 | $0.043 | OrdinaryDividend |
Oct 29, 2010 | $0.040 | OrdinaryDividend |
Sep 30, 2010 | $0.046 | OrdinaryDividend |
Aug 31, 2010 | $0.060 | OrdinaryDividend |
Jul 30, 2010 | $0.044 | OrdinaryDividend |
Jun 30, 2010 | $0.050 | OrdinaryDividend |
May 28, 2010 | $0.043 | OrdinaryDividend |
Apr 30, 2010 | $0.043 | OrdinaryDividend |
Mar 31, 2010 | $0.047 | OrdinaryDividend |
Feb 26, 2010 | $0.046 | OrdinaryDividend |
Jan 29, 2010 | $0.056 | OrdinaryDividend |
Dec 31, 2009 | $0.048 | OrdinaryDividend |
Dec 29, 2009 | $0.067 | CapitalGainShortTerm |
Nov 30, 2009 | $0.042 | OrdinaryDividend |
Oct 30, 2009 | $0.039 | OrdinaryDividend |
Sep 30, 2009 | $0.040 | OrdinaryDividend |
Aug 31, 2009 | $0.044 | OrdinaryDividend |
Jul 31, 2009 | $0.043 | OrdinaryDividend |
Jun 30, 2009 | $0.051 | OrdinaryDividend |
May 29, 2009 | $0.039 | OrdinaryDividend |
Apr 30, 2009 | $0.045 | OrdinaryDividend |
Mar 31, 2009 | $0.042 | OrdinaryDividend |
Feb 27, 2009 | $0.048 | OrdinaryDividend |
Jan 30, 2009 | $0.046 | OrdinaryDividend |
Dec 31, 2008 | $0.049 | OrdinaryDividend |
Nov 28, 2008 | $0.042 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jan 02, 2013
9.41
9.4%
Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Start Date
Tenure
Tenure Rank
May 31, 2017
5.0
5.0%
Stephen H. Hooker, CFA is the Director of Foreign Research, sector manager for emerging markets debt and a member of the corporate credit research group at Newfleet (since 2011). He is responsible for the paper and packaging and chemicals industry sectors, and the Eastern Europe, Middle East, and Africa sovereign credit sector. From 2005 until 2011, Mr. Hooker was vice president, senior credit analyst at Aladdin Capital Management and Global Plus Investment Management, respectively, both of which specialize in high yield and structured credit products. Prior to 2005, he was at Goodwin for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager on its fixed income team. Mr. Hooker earned a B.A. in psychology from Trinity College. He has held the Chartered Financial Analyst designation since 1999. He began his career in the investment industry in 1993.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.78 | 1.16 |
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...