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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 11/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.7%
1 yr return
9.6%
3 Yr Avg Return
2.3%
5 Yr Avg Return
4.8%
Net Assets
$389 M
Holdings in Top 10
12.2%
Expense Ratio 0.55%
Front Load N/A
Deferred Load N/A
Turnover 22.00%
Redemption Fee N/A
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/27/2024Price
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 a diversified portfolio of equity securities (the “80% Policy”). The Fund invests primarily in companies domiciled in and tied economically to one or more countries represented in the MSCI Europe, Australasia, Far East Index (“MSCI EAFE Index”) and may include securities trading in the form of depositary receipts. The MSCI EAFE Index is an unmanaged index of approximately 900 companies. The Fund may invest in securities of companies with a broad range of market capitalizations, including those of smaller, less seasoned companies. The Fund may invest in publically-traded real estate investment trusts (“REITs”). The Fund intends to invest in not less than five different countries and more than 25% of the Fund’s total assets may be denominated in any single currency. The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also lend its securities.
The Fund seeks to employ a top-down, disciplined and systematic investment process that emphasizes broad exposure and diversification among developed markets outside of the United States, economic sectors and issuers. This rules-based strategy utilizes targeted allocation and systematic rebalancing to take advantage of certain quantitative and behavioral characteristics of developed markets identified by the portfolio managers. The investment process is periodically re-evaluated and may be adjusted to ensure that the process is consistent with the Fund’s investment objective and strategies. The portfolio managers select and allocate across countries based on factors such as market capitalization, volatility, correlation to other markets, liquidity, and perceived risk and potential for growth. The Fund maintains a bias to broad inclusion; that is the Fund intends to allocate its portfolio holdings to more developed markets outside of the United States rather than fewer developed markets. Relative to capitalization-weighted country indexes, the Fund’s individual country allocation targets seek to emphasize the less represented developed markets and attempt to reduce concentration risks relative to a capitalization-weighted index. The Fund’s country allocations are typically rebalanced to their target weights if they exceed a certain pre-determined overweight or fall below a certain pre-determined underweight. The frequency of rebalancing depends on the volatility and trading costs of the individual country. This is intended to reduce exposure to countries with strong relative performance and increasing exposure to countries which have underperformed. The Fund seeks to maintain exposure across key economic sectors. Relative to capitalization-weighted country indexes, the portfolio managers target weights to these sectors to emphasize the less represented sectors. The portfolio managers use a quantitative model to select individual securities as representatives of their countries and economic sectors. The model includes factors such as beta, or a stock’s historical sensitivity to movements in the global equity market, with the objective of reducing portfolio risk and maintaining broad diversification.
Period | ESISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.7% | -5.6% | 27.7% | 85.94% |
1 Yr | 9.6% | -2.0% | 32.7% | 80.25% |
3 Yr | 2.3%* | -15.7% | 48.6% | 70.52% |
5 Yr | 4.8%* | -34.2% | 73.9% | 78.33% |
10 Yr | N/A* | 0.6% | 31.6% | 19.20% |
* Annualized
Period | ESISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.0% | -1.4% | 22.0% | 66.88% |
2022 | -19.3% | -43.6% | 71.3% | 70.24% |
2021 | 3.6% | -28.5% | 18.9% | 61.14% |
2020 | 8.2% | -90.1% | 992.1% | 47.99% |
2019 | 18.3% | -1.9% | 38.8% | 60.46% |
Period | ESISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.7% | -5.6% | 27.7% | 85.94% |
1 Yr | 9.6% | -2.0% | 32.7% | 80.25% |
3 Yr | 2.3%* | -15.7% | 48.6% | 70.52% |
5 Yr | 4.8%* | -34.2% | 73.9% | 78.33% |
10 Yr | N/A* | 0.6% | 31.6% | 18.18% |
* Annualized
Period | ESISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.9% | 3.2% | 23.8% | 55.57% |
2022 | -15.6% | -43.6% | 144.8% | 50.56% |
2021 | 8.7% | -22.6% | 56.0% | 66.67% |
2020 | 10.0% | -89.7% | 1010.8% | 49.83% |
2019 | 21.4% | 4.3% | 38.8% | 66.13% |
ESISX | Category Low | Category High | ESISX % Rank | |
---|---|---|---|---|
Net Assets | 389 M | 3.3 M | 425 B | 64.59% |
Number of Holdings | 843 | 1 | 10481 | 11.23% |
Net Assets in Top 10 | 40.1 M | 1.01 M | 47.5 B | 78.94% |
Weighting of Top 10 | 12.18% | 4.6% | 147.7% | 93.25% |
Weighting | Return Low | Return High | ESISX % Rank | |
---|---|---|---|---|
Stocks | 98.17% | 0.00% | 102.63% | 38.85% |
Cash | 4.11% | 0.00% | 44.84% | 16.54% |
Preferred Stocks | 0.76% | -0.05% | 6.57% | 26.68% |
Other | 0.00% | -2.12% | 47.54% | 62.71% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 33.02% |
Bonds | 0.00% | 0.00% | 95.29% | 37.29% |
Weighting | Return Low | Return High | ESISX % Rank | |
---|---|---|---|---|
Industrials | 11.37% | 5.17% | 99.49% | 85.28% |
Financial Services | 11.22% | 0.00% | 47.75% | 93.76% |
Healthcare | 10.24% | 0.00% | 20.35% | 69.92% |
Consumer Defense | 9.88% | 0.00% | 32.29% | 41.28% |
Basic Materials | 9.40% | 0.00% | 23.86% | 22.72% |
Consumer Cyclical | 9.27% | 0.00% | 36.36% | 72.48% |
Communication Services | 9.18% | 0.00% | 21.69% | 11.20% |
Technology | 8.40% | 0.00% | 36.32% | 82.08% |
Real Estate | 7.82% | 0.00% | 14.59% | 0.96% |
Utilities | 7.02% | 0.00% | 13.68% | 5.44% |
Energy | 6.21% | 0.00% | 16.89% | 19.04% |
Weighting | Return Low | Return High | ESISX % Rank | |
---|---|---|---|---|
Non US | 96.25% | 0.00% | 99.44% | 21.22% |
US | 1.92% | 0.00% | 102.01% | 71.61% |
ESISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.55% | 0.01% | 19.62% | 81.56% |
Management Fee | 0.40% | 0.00% | 1.65% | 21.98% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
ESISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
ESISX 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.
ESISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 2.00% | 247.00% | 28.82% |
ESISX | Category Low | Category High | ESISX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 17.49% | 13.42% |
ESISX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
ESISX | Category Low | Category High | ESISX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.61% | -0.93% | 6.38% | 11.20% |
ESISX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $0.480 | OrdinaryDividend |
Dec 20, 2022 | $0.564 | OrdinaryDividend |
Dec 21, 2021 | $0.758 | OrdinaryDividend |
Dec 23, 2020 | $0.226 | OrdinaryDividend |
Aug 18, 2020 | $0.017 | OrdinaryDividend |
Dec 27, 2019 | $0.337 | OrdinaryDividend |
Aug 08, 2019 | $0.025 | OrdinaryDividend |
Aug 08, 2019 | $0.006 | CapitalGainLongTerm |
Dec 27, 2018 | $0.025 | CapitalGainLongTerm |
Dec 27, 2018 | $0.201 | OrdinaryDividend |
Aug 09, 2018 | $0.047 | ExtraDividend |
Aug 09, 2018 | $0.081 | CapitalGainShortTerm |
Aug 09, 2018 | $0.074 | CapitalGainLongTerm |
Dec 27, 2017 | $0.394 | OrdinaryDividend |
Dec 28, 2016 | $0.192 | OrdinaryDividend |
Jun 15, 2016 | $0.005 | ExtraDividend |
Jun 15, 2016 | $0.010 | CapitalGainLongTerm |
Dec 29, 2015 | $0.291 | OrdinaryDividend |
Dec 29, 2015 | $0.004 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Mar 31, 2010
12.18
12.2%
Thomas is responsible for all portfolio management and trading related to our equity strategies. Prior to joining Parametric in 1998, Thomas served as the head of US Equity Index investments at Barclays Global Investors. He earned an MBA in finance from the University of Chicago Booth School of Business and a BS in electrical engineering from the University of Washington.
Start Date
Tenure
Tenure Rank
Jun 01, 2014
8.0
8.0%
Paul leads Parametric’s research and development activities across all strategies. He has authored numerous academic and practitioner articles in publications such as the Journal of Portfolio Management, the Journal of Wealth Management, and the Journal of Index Investing. Paul earned a BA in mathematics and physics from Whitman College and an MS in computational finance and risk management from the University of Washington. A CFA charterholder, he is a member of the CFA Society of Seattle.
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Jennifer leads the Investment Strategy Team at Parametric, which is responsible for all aspects of Parametric’s equity-based investment strategies. In addition, she has direct investment responsibility for Parametric’s Emerging Markets and International Equity Strategies and chairs Parametric’s Stewardship Committee. Previously she helped build Parametric’s active ownership and custom ESG portfolio construction practices. Prior to joining Parametric in 2013, she worked in equity research, primarily covering the energy, utility, and industrial sectors at firms including D.A. Davidson and McAdams Wright Ragen. Jennifer earned an MBA in finance and accounting from the University of Chicago and a BA in economics from Reed College. A CFA charterholder since 2006, Jennifer is a member of the CFA Society of Seattle.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.32 | 3.25 |
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