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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 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
9.0%
1 yr return
22.9%
3 Yr Avg Return
6.1%
5 Yr Avg Return
13.8%
Net Assets
$1.17 B
Holdings in Top 10
48.3%
Expense Ratio 0.93%
Front Load N/A
Deferred Load N/A
Turnover 7.06%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
$750
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To pursue its goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the common stock of U.S. and foreign companies. The fund focuses on "blue chip" multinational companies with total market values of more than $5 billion. These are large, established, globally managed companies that manufacture and distribute their products and services throughout the world.
In choosing stocks, the fund's sub-adviser, Fayez Sarofim & Co., LLC, first identifies economic sectors that it believes will expand over the next three to five years or longer. Using fundamental analysis, the fund's sub-adviser then seeks companies within these sectors that have demonstrated sustained patterns of profitability, strong balance sheets, an expanding global presence and the potential to achieve predictable, above-average earnings growth. As a supplement to its primarily qualitative approach to risk, the fund's sub-adviser utilizes attribution software and equity risk factor models to conduct scenario analysis to enhance its understanding and management of the risk profile of the fund's portfolio.
Under normal circumstances, at least 40% of the fund's assets will be invested in companies that have significant exposure to the economies of countries other than the United States. These are companies that are organized or domiciled in a foreign country or have at least 50% of their assets outside the U.S. or at least 50% of their revenues or profits are from goods produced or sold, investments made, or services performed outside the United States. These companies may be subject to the risks that are involved in investing in foreign securities. The fund also invests in U.S. dollar-denominated American Depositary Receipts (ADRs).
The fund employs a "buy-and-hold" investment strategy, which is an investment strategy characterized by a low portfolio turnover rate, which helps reduce the fund's trading costs and minimizes tax liability by limiting the distribution of capital gains.
The fund typically sells a stock when the fund's sub-adviser believes there is a significant adverse change in the company's business fundamentals that may lead to a sustained impairment in earnings power.
Period | DPWRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.0% | -35.6% | 29.2% | 28.86% |
1 Yr | 22.9% | 17.3% | 252.4% | 56.82% |
3 Yr | 6.1%* | -3.5% | 34.6% | 10.71% |
5 Yr | 13.8%* | 0.1% | 32.7% | 22.55% |
10 Yr | 13.3%* | -6.9% | 18.3% | 16.51% |
* Annualized
Period | DPWRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.1% | -24.3% | 957.1% | 28.01% |
2022 | -23.3% | -38.3% | 47.1% | 27.94% |
2021 | 14.6% | -54.2% | 0.6% | 79.68% |
2020 | 19.4% | -76.0% | 54.1% | 86.38% |
2019 | 25.4% | -26.1% | 47.8% | 79.74% |
Period | DPWRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.0% | -35.6% | 29.2% | 29.64% |
1 Yr | 22.9% | 11.4% | 252.4% | 52.61% |
3 Yr | 6.1%* | -3.5% | 34.6% | 10.10% |
5 Yr | 13.8%* | 0.1% | 32.7% | 21.21% |
10 Yr | 13.3%* | -6.9% | 18.3% | 16.14% |
* Annualized
Period | DPWRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.6% | -24.3% | 957.1% | 28.01% |
2022 | -17.5% | -33.1% | 47.1% | 28.07% |
2021 | 23.8% | -44.4% | 1.8% | 21.80% |
2020 | 24.7% | -6.5% | 54.1% | 22.84% |
2019 | 35.3% | -14.4% | 47.8% | 17.22% |
DPWRX | Category Low | Category High | DPWRX % Rank | |
---|---|---|---|---|
Net Assets | 1.17 B | 199 K | 133 B | 36.95% |
Number of Holdings | 43 | 1 | 9075 | 71.81% |
Net Assets in Top 10 | 553 M | -18 M | 37.6 B | 27.20% |
Weighting of Top 10 | 48.26% | 9.1% | 100.0% | 12.81% |
Weighting | Return Low | Return High | DPWRX % Rank | |
---|---|---|---|---|
Stocks | 98.59% | 61.84% | 125.47% | 7.05% |
Cash | 1.40% | -174.70% | 23.12% | 88.88% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 50.11% |
Other | 0.00% | -13.98% | 19.14% | 54.96% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 44.49% |
Bonds | 0.00% | -1.50% | 161.67% | 46.92% |
Weighting | Return Low | Return High | DPWRX % Rank | |
---|---|---|---|---|
Technology | 22.30% | 0.00% | 49.87% | 25.88% |
Consumer Defense | 16.74% | 0.00% | 73.28% | 10.90% |
Consumer Cyclical | 12.32% | 0.00% | 40.94% | 41.85% |
Financial Services | 11.57% | 0.00% | 38.42% | 67.40% |
Healthcare | 11.36% | 0.00% | 35.42% | 79.19% |
Communication Services | 11.20% | 0.00% | 57.66% | 12.67% |
Energy | 6.79% | 0.00% | 21.15% | 49.78% |
Industrials | 4.98% | 0.00% | 44.06% | 83.81% |
Basic Materials | 2.74% | 0.00% | 38.60% | 72.58% |
Utilities | 0.00% | 0.00% | 29.12% | 82.71% |
Real Estate | 0.00% | 0.00% | 39.48% | 84.03% |
Weighting | Return Low | Return High | DPWRX % Rank | |
---|---|---|---|---|
US | 84.19% | 0.13% | 103.82% | 13.11% |
Non US | 14.40% | 0.58% | 99.46% | 83.70% |
DPWRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.93% | 0.01% | 44.27% | 73.89% |
Management Fee | 0.75% | 0.00% | 1.82% | 57.77% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | N/A |
DPWRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
DPWRX 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.
DPWRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 7.06% | 0.00% | 395.00% | 1.26% |
DPWRX | Category Low | Category High | DPWRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.76% | 0.00% | 3.26% | 43.98% |
DPWRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
DPWRX | Category Low | Category High | DPWRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.45% | -4.27% | 12.65% | 46.36% |
DPWRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Aug 02, 2024 | $0.141 | OrdinaryDividend |
May 02, 2024 | $0.092 | OrdinaryDividend |
Dec 14, 2023 | $0.083 | OrdinaryDividend |
Dec 14, 2023 | $0.977 | CapitalGainLongTerm |
Nov 02, 2023 | $0.064 | OrdinaryDividend |
Aug 02, 2023 | $0.152 | OrdinaryDividend |
May 02, 2023 | $0.138 | OrdinaryDividend |
Dec 14, 2022 | $4.153 | OrdinaryDividend |
Nov 02, 2022 | $0.064 | OrdinaryDividend |
Aug 02, 2022 | $0.146 | OrdinaryDividend |
May 03, 2022 | $0.091 | OrdinaryDividend |
Dec 15, 2021 | $5.863 | OrdinaryDividend |
May 04, 2021 | $0.099 | OrdinaryDividend |
Dec 15, 2020 | $2.373 | OrdinaryDividend |
Nov 03, 2020 | $0.106 | OrdinaryDividend |
Aug 04, 2020 | $0.124 | OrdinaryDividend |
May 04, 2020 | $0.153 | OrdinaryDividend |
Dec 13, 2019 | $0.100 | OrdinaryDividend |
Dec 13, 2019 | $3.627 | CapitalGainLongTerm |
Nov 04, 2019 | $0.093 | OrdinaryDividend |
Aug 02, 2019 | $0.207 | OrdinaryDividend |
May 02, 2019 | $0.136 | OrdinaryDividend |
Dec 13, 2018 | $0.165 | OrdinaryDividend |
Dec 13, 2018 | $0.023 | CapitalGainShortTerm |
Dec 13, 2018 | $5.462 | CapitalGainLongTerm |
Nov 02, 2018 | $0.138 | OrdinaryDividend |
Sep 28, 2018 | $0.022 | OrdinaryDividend |
Aug 02, 2018 | $0.273 | OrdinaryDividend |
Jun 29, 2018 | $0.026 | OrdinaryDividend |
May 02, 2018 | $0.126 | OrdinaryDividend |
Mar 29, 2018 | $0.032 | OrdinaryDividend |
Dec 28, 2017 | $0.344 | OrdinaryDividend |
Dec 28, 2017 | $0.003 | CapitalGainShortTerm |
Dec 28, 2017 | $6.516 | CapitalGainLongTerm |
Dec 01, 2017 | $0.044 | OrdinaryDividend |
Dec 01, 2017 | $0.017 | CapitalGainShortTerm |
Dec 01, 2017 | $2.955 | CapitalGainLongTerm |
Nov 02, 2017 | $0.145 | OrdinaryDividend |
Sep 29, 2017 | $0.033 | OrdinaryDividend |
Aug 02, 2017 | $0.251 | OrdinaryDividend |
Jun 30, 2017 | $0.051 | OrdinaryDividend |
May 02, 2017 | $0.203 | OrdinaryDividend |
Mar 31, 2017 | $0.052 | OrdinaryDividend |
Dec 29, 2016 | $0.252 | OrdinaryDividend |
Dec 29, 2016 | $0.022 | CapitalGainShortTerm |
Dec 29, 2016 | $3.251 | CapitalGainLongTerm |
Dec 01, 2016 | $0.065 | OrdinaryDividend |
Dec 01, 2016 | $0.003 | CapitalGainShortTerm |
Dec 01, 2016 | $2.388 | CapitalGainLongTerm |
Nov 02, 2016 | $0.120 | OrdinaryDividend |
Sep 30, 2016 | $0.056 | OrdinaryDividend |
Aug 02, 2016 | $0.269 | OrdinaryDividend |
Jun 30, 2016 | $0.068 | OrdinaryDividend |
May 03, 2016 | $0.238 | OrdinaryDividend |
Mar 31, 2016 | $0.065 | OrdinaryDividend |
Dec 30, 2015 | $0.164 | OrdinaryDividend |
Dec 30, 2015 | $3.348 | CapitalGainLongTerm |
Dec 02, 2015 | $0.084 | OrdinaryDividend |
Dec 02, 2015 | $0.007 | CapitalGainShortTerm |
Dec 02, 2015 | $2.936 | CapitalGainLongTerm |
Nov 03, 2015 | $0.148 | OrdinaryDividend |
Sep 30, 2015 | $0.076 | OrdinaryDividend |
Aug 04, 2015 | $0.296 | OrdinaryDividend |
Jun 30, 2015 | $0.082 | OrdinaryDividend |
May 04, 2015 | $0.277 | OrdinaryDividend |
Mar 31, 2015 | $0.090 | OrdinaryDividend |
Dec 30, 2014 | $0.134 | OrdinaryDividend |
Dec 16, 2014 | $0.161 | OrdinaryDividend |
Dec 16, 2014 | $1.175 | CapitalGainLongTerm |
Dec 03, 2014 | $0.071 | OrdinaryDividend |
Dec 03, 2014 | $0.040 | CapitalGainShortTerm |
Dec 03, 2014 | $1.065 | CapitalGainLongTerm |
Nov 04, 2014 | $0.173 | OrdinaryDividend |
Sep 30, 2014 | $0.074 | OrdinaryDividend |
Aug 04, 2014 | $0.306 | OrdinaryDividend |
Jun 30, 2014 | $0.087 | OrdinaryDividend |
May 02, 2014 | $0.267 | OrdinaryDividend |
Mar 31, 2014 | $0.095 | OrdinaryDividend |
Dec 17, 2013 | $0.210 | OrdinaryDividend |
Dec 05, 2013 | $0.082 | OrdinaryDividend |
Dec 05, 2013 | $0.264 | CapitalGainLongTerm |
Nov 04, 2013 | $0.169 | OrdinaryDividend |
Sep 30, 2013 | $0.079 | OrdinaryDividend |
Aug 02, 2013 | $0.316 | OrdinaryDividend |
Jun 28, 2013 | $0.096 | OrdinaryDividend |
May 02, 2013 | $0.198 | OrdinaryDividend |
Mar 28, 2013 | $0.089 | OrdinaryDividend |
Dec 18, 2012 | $0.145 | OrdinaryDividend |
Dec 18, 2012 | $0.200 | CapitalGainLongTerm |
Dec 06, 2012 | $0.700 | OrdinaryDividend |
Nov 02, 2012 | $0.155 | OrdinaryDividend |
Sep 28, 2012 | $0.066 | OrdinaryDividend |
Aug 02, 2012 | $0.289 | OrdinaryDividend |
Jun 29, 2012 | $0.073 | OrdinaryDividend |
May 02, 2012 | $0.205 | OrdinaryDividend |
Apr 03, 2012 | $0.064 | OrdinaryDividend |
Dec 16, 2011 | $0.008 | CapitalGainShortTerm |
Dec 16, 2011 | $1.081 | CapitalGainLongTerm |
Dec 16, 2011 | $0.565 | OrdinaryDividend |
Dec 07, 2011 | $0.228 | OrdinaryDividend |
Dec 20, 2010 | $0.006 | CapitalGainShortTerm |
Dec 20, 2010 | $0.869 | CapitalGainLongTerm |
Dec 20, 2010 | $0.910 | OrdinaryDividend |
Dec 06, 2010 | $0.222 | OrdinaryDividend |
Dec 22, 2009 | $0.834 | OrdinaryDividend |
Dec 22, 2009 | $0.748 | CapitalGainLongTerm |
Dec 04, 2009 | $0.250 | OrdinaryDividend |
Dec 22, 2008 | $0.292 | OrdinaryDividend |
Dec 02, 2008 | $0.208 | OrdinaryDividend |
Dec 20, 2007 | $0.814 | OrdinaryDividend |
Dec 04, 2007 | $0.199 | CapitalGainLongTerm |
Dec 04, 2007 | $0.254 | OrdinaryDividend |
Dec 18, 2006 | $0.477 | OrdinaryDividend |
Dec 04, 2006 | $0.225 | OrdinaryDividend |
Dec 16, 2005 | $0.650 | OrdinaryDividend |
Dec 02, 2005 | $0.126 | OrdinaryDividend |
Dec 10, 2004 | $0.195 | OrdinaryDividend |
Dec 03, 2004 | $0.593 | OrdinaryDividend |
Dec 12, 2003 | $0.105 | ExtraDividend |
Dec 03, 2003 | $0.427 | ExtraDividend |
Dec 16, 2002 | $0.069 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 30, 1997
25.1
25.1%
Christopher B. Sarofim is Vice Chairman of Fayez Sarofim & Co., President of Sarofim International Management Company and a Director of The Sarofim Group. He is a member of Fayez Sarofim & Co.’s Executive, Investment and Finance Committees, a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon and a portfolio manager for a variety of institutional and high net worth clients. Mr. Sarofim joined the Firm in 1988 as an Associate. Mr. Sarofim received an A.B. in History from Princeton University in 1986. Prior to joining Fayez Sarofim & Co., he worked in corporate finance at Goldman, Sachs & Co. Mr. Sarofim is a member of the Board of Trustees for The Brown Foundation, Inc. He also serves on the boards of Kemper Corp. and Wood Partners and is on the Advisory Committee of the MD Anderson Cancer Center Board of Visitors.
Start Date
Tenure
Tenure Rank
Oct 31, 2000
21.59
21.6%
Catherine P. Crain is a Vice President at Fayez Sarofim & Co. and a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon. She is also a portfolio manager for a variety of institutional and high net worth clients. Ms. Crain joined the Firm in 1993 as an Associate. Over the years, areas of research responsibility have included transportation, media and entertainment, and consumer products. Ms. Crain received a M.B.A. from the University of Texas in 1993 and a B.A. with Highest Honors in the Plan II Liberal Arts Honors Program at the University of Texas at Austin in 1989, where she was elected to Phi Beta Kappa. Prior to joining Fayez Sarofim & Co., she was employed at Merrill Lynch & Co. as a Financial Analyst in the Investment Banking Division in New York and Houston. Ms. Crain is a life member of the University of Texas McCombs School of Business Advisory Council. She also serves as a member of The Joy School Board of Trustees.
Start Date
Tenure
Tenure Rank
Oct 31, 2000
21.59
21.6%
Charles E. Sheedy is a Senior Vice President at Fayez Sarofim & Co. and a member of the Firm’s Investment Committee. He is co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon and serves on the board of Sarofim Trust Co. Additionally, he is a portfolio manager for a variety of institutional and high net worth clients. Mr. Sheedy joined the Firm 1971 as an Associate. Over the years, areas of responsibility have included retail, electrical equipment, consumer staples, basic industries and health care. Mr. Sheedy received a M.B.A. from Harvard Business School in 1971 and graduated cum laude from the University of Notre Dame in 1969. Mr. Sheedy is a member of the Notre Dame Arts & Letters Advisory Counsel.
Start Date
Tenure
Tenure Rank
Nov 02, 2010
11.58
11.6%
William ("Gentry”) Lee, Jr. is the Chief Executive Officer and Co-Chief Investment Officer of Fayez Sarofim & Co., a Director of The Sarofim Group and a member of Fayez Sarofim & Co.’s Executive and Investment Committees. In addition to overseeing the Firm’s investment, client service and business operations, he is a co-manager of the mutual funds that Fayez Sarofim & Co. manages for BNY Mellon. He is also a portfolio manager for a variety of institutional and high net worth clients. Mr. Lee joined the Firm in 1998 as an Associate. Over the years, areas of research responsibility have included beverages, technology and transportation. Mr. Lee received a M.B.A. with High Distinction from Harvard Business School in 1998, where he was a Baker Scholar, and a B.A. with High Honors in Economics from Vanderbilt University in 1994, where he graduated summa cum laude. He was also elected to Phi Beta Kappa. Prior to attending business school and joining Fayez Sarofim & Co., he was employed as a Financial Analyst with Enron Capital & Trade Resources. Mr. Lee serves on the board of directors of Wood Partners and St. John’s School. Previously, he was a board member of the Carruth Foundation and Memorial Park Conservancy and Co-President of the Houston Vanderbilt University Alumni Chapter.
Start Date
Tenure
Tenure Rank
Mar 04, 2020
2.24
2.2%
Alan R. Christensen is the President and Head of Investment Risk at Fayez Sarofim & Co. Mr. Christensen oversees the Firm’s marketing, client service, operations and technology initiatives and is a member of the Investment Committee. He is also a portfolio manager for a variety of institutional and high net worth clients. Mr. Christensen joined the Firm in 2005 as an Associate. Mr. Christensen received a M.B.A. with Distinction from Cornell University in 2005, where he was a Park Fellow and a B.A. in Economics and History from Washington & Lee University in 1995, where he graduated cum laude. Prior to joining Fayez Sarofim & Co., he was employed with Alvarez & Marsal as a Director and Accenture as a Senior Manager in Capital Markets.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |
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