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 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
5.9%
1 yr return
8.4%
3 Yr Avg Return
2.3%
5 Yr Avg Return
2.4%
Net Assets
$413 M
Holdings in Top 10
10.0%
Expense Ratio 0.69%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund seeks current income with an emphasis on maintaining low volatility and overall short duration (within a range of 1-3 years) by investing primarily in higher quality, more liquid securities across 14 fixed income sectors. Duration represents the interest rate sensitivity of a fixed income fund. The fund seeks to achieve its objective by applying a time-tested approach of active sector rotation, extensive credit research and disciplined risk management designed to capitalize on opportunities across undervalued areas of the fixed income markets.
Under normal circumstances, the fund invests at least 80% of its assets in fixed income debt obligations of various types of issuers, to include some or all of the following:
Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities;
Collateralized mortgage obligations (“CMOs”), real estate mortgage investment conduits (“REMICs”), and other pass-through securities, including those issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities;
Debt securities issued by foreign issuers, including foreign governments and their political subdivisions, and issuers located in emerging markets;
Investment-grade securities (primarily of U.S. issuers, secondarily of non-U.S. issuers), which are securities with credit ratings within the four highest rating categories of a nationally recognized statistical rating organization, including short-term securities; and
High-yield/high-risk debt instruments (so-called “junk bonds”), including bank loans (which are generally floating-rate).
The fund may invest in all or some of these sectors.
Period | HIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -0.2% | 17.1% | 9.13% |
1 Yr | 8.4% | 2.5% | 23.6% | 14.45% |
3 Yr | 2.3%* | -5.7% | 4.4% | 14.31% |
5 Yr | 2.4%* | -4.1% | 5.1% | 19.39% |
10 Yr | N/A* | -18.9% | 170.4% | 13.39% |
* Annualized
Period | HIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.1% | -1.6% | 7.6% | 14.31% |
2022 | -6.8% | -17.7% | -2.6% | 45.05% |
2021 | -1.4% | -4.0% | 4.4% | 28.34% |
2020 | 1.7% | -7.1% | 7.6% | 51.43% |
2019 | 2.5% | -2.3% | 9.3% | 28.27% |
Period | HIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -0.2% | 17.1% | 9.13% |
1 Yr | 8.4% | 2.5% | 23.6% | 14.45% |
3 Yr | 2.3%* | -5.7% | 4.4% | 14.31% |
5 Yr | 2.4%* | -4.1% | 5.1% | 19.39% |
10 Yr | N/A* | -18.9% | 170.4% | 12.50% |
* Annualized
Period | HIBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | 1.8% | 15.2% | 12.02% |
2022 | -4.7% | -17.3% | -1.3% | 46.60% |
2021 | 0.3% | -2.7% | 7.7% | 35.33% |
2020 | 4.3% | -2.4% | 14.5% | 46.94% |
2019 | 5.5% | 0.6% | 12.6% | 25.95% |
HIBIX | Category Low | Category High | HIBIX % Rank | |
---|---|---|---|---|
Net Assets | 413 M | 14.5 K | 57.3 B | 72.62% |
Number of Holdings | 517 | 2 | 8314 | 43.35% |
Net Assets in Top 10 | 41.8 M | 1.05 M | 6.81 B | 84.03% |
Weighting of Top 10 | 10.01% | 1.9% | 112.6% | 90.30% |
Weighting | Return Low | Return High | HIBIX % Rank | |
---|---|---|---|---|
Bonds | 62.00% | 0.00% | 129.40% | 87.26% |
Other | 36.44% | -0.97% | 71.57% | 3.42% |
Cash | 1.57% | -20.59% | 71.38% | 60.65% |
Stocks | 0.00% | 0.00% | 99.96% | 29.09% |
Preferred Stocks | 0.00% | 0.00% | 24.12% | 25.29% |
Convertible Bonds | 0.00% | 0.00% | 27.71% | 93.14% |
Weighting | Return Low | Return High | HIBIX % Rank | |
---|---|---|---|---|
Securitized | 65.24% | 0.00% | 97.27% | 2.10% |
Corporate | 27.41% | 0.00% | 99.82% | 69.71% |
Government | 4.09% | 0.00% | 73.63% | 83.05% |
Cash & Equivalents | 0.59% | 0.00% | 71.38% | 71.48% |
Derivative | 0.00% | -0.44% | 27.90% | 46.58% |
Municipal | 0.00% | 0.00% | 14.41% | 56.76% |
Weighting | Return Low | Return High | HIBIX % Rank | |
---|---|---|---|---|
US | 62.00% | 0.00% | 126.86% | 86.31% |
Non US | 0.00% | 0.00% | 82.20% | 23.76% |
HIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.69% | 0.01% | 3.29% | 48.28% |
Management Fee | 0.40% | 0.00% | 1.19% | 74.71% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.41% | 54.46% |
HIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
HIBIX 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.
HIBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 500.00% | 25.88% |
HIBIX | Category Low | Category High | HIBIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.10% | 0.00% | 11.11% | 35.55% |
HIBIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
HIBIX | Category Low | Category High | HIBIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.64% | -1.27% | 4.98% | 21.28% |
HIBIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.040 | OrdinaryDividend |
Sep 30, 2024 | $0.036 | OrdinaryDividend |
Aug 30, 2024 | $0.043 | OrdinaryDividend |
Jul 31, 2024 | $0.041 | OrdinaryDividend |
Jun 30, 2024 | $0.037 | OrdinaryDividend |
Apr 30, 2024 | $0.038 | OrdinaryDividend |
Mar 28, 2024 | $0.039 | OrdinaryDividend |
Feb 28, 2024 | $0.036 | OrdinaryDividend |
Jan 31, 2024 | $0.036 | OrdinaryDividend |
Dec 29, 2023 | $0.038 | OrdinaryDividend |
Nov 30, 2023 | $0.035 | OrdinaryDividend |
Oct 31, 2023 | $0.034 | OrdinaryDividend |
Sep 29, 2023 | $0.035 | OrdinaryDividend |
Aug 31, 2023 | $0.033 | OrdinaryDividend |
Jul 31, 2023 | $0.031 | OrdinaryDividend |
Jun 30, 2023 | $0.034 | OrdinaryDividend |
May 31, 2023 | $0.030 | OrdinaryDividend |
Apr 28, 2023 | $0.026 | OrdinaryDividend |
Mar 31, 2023 | $0.031 | OrdinaryDividend |
Feb 28, 2023 | $0.025 | OrdinaryDividend |
Jan 31, 2023 | $0.024 | OrdinaryDividend |
Dec 30, 2022 | $0.026 | OrdinaryDividend |
Nov 30, 2022 | $0.024 | OrdinaryDividend |
Oct 31, 2022 | $0.020 | OrdinaryDividend |
Sep 30, 2022 | $0.021 | OrdinaryDividend |
Aug 31, 2022 | $0.018 | OrdinaryDividend |
Jul 29, 2022 | $0.018 | OrdinaryDividend |
Jun 30, 2022 | $0.015 | OrdinaryDividend |
May 31, 2022 | $0.016 | OrdinaryDividend |
Apr 29, 2022 | $0.016 | OrdinaryDividend |
Mar 31, 2022 | $0.015 | OrdinaryDividend |
Feb 28, 2022 | $0.013 | OrdinaryDividend |
Jan 31, 2022 | $0.012 | OrdinaryDividend |
Dec 31, 2021 | $0.014 | OrdinaryDividend |
Nov 30, 2021 | $0.013 | OrdinaryDividend |
Oct 29, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.013 | OrdinaryDividend |
Aug 31, 2021 | $0.013 | OrdinaryDividend |
Jul 30, 2021 | $0.015 | OrdinaryDividend |
Jun 30, 2021 | $0.014 | OrdinaryDividend |
May 28, 2021 | $0.013 | OrdinaryDividend |
Apr 30, 2021 | $0.015 | OrdinaryDividend |
Mar 31, 2021 | $0.014 | OrdinaryDividend |
Feb 26, 2021 | $0.015 | OrdinaryDividend |
Jan 29, 2021 | $0.015 | OrdinaryDividend |
Dec 31, 2020 | $0.020 | OrdinaryDividend |
Nov 30, 2020 | $0.017 | OrdinaryDividend |
Oct 30, 2020 | $0.020 | OrdinaryDividend |
Sep 30, 2020 | $0.019 | OrdinaryDividend |
Aug 31, 2020 | $0.019 | OrdinaryDividend |
Jul 31, 2020 | $0.023 | OrdinaryDividend |
Jun 30, 2020 | $0.020 | OrdinaryDividend |
May 29, 2020 | $0.022 | OrdinaryDividend |
Apr 30, 2020 | $0.022 | OrdinaryDividend |
Mar 31, 2020 | $0.023 | OrdinaryDividend |
Feb 28, 2020 | $0.022 | OrdinaryDividend |
Jan 31, 2020 | $0.025 | OrdinaryDividend |
Dec 31, 2019 | $0.025 | OrdinaryDividend |
Nov 29, 2019 | $0.024 | OrdinaryDividend |
Oct 31, 2019 | $0.025 | OrdinaryDividend |
Sep 30, 2019 | $0.023 | OrdinaryDividend |
Aug 30, 2019 | $0.028 | OrdinaryDividend |
Jul 31, 2019 | $0.027 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
May 18, 2012
10.04
10.0%
Benjamin Caron, CFA, is Senior Managing Director and Portfolio Manager at Newfleet Asset Management, LLC (since June 2011). Prior to June 2011, Mr. Caron was on the fixed income team at Goodwin. Mr. Caron also is a portfolio manager of a closed-end fund managed by Newfleet, in addition to assisting the senior portfolio manager in the management of several open-end funds managed by Newfleet. Mr. Caron joined Goodwin in 2002 as a client service associate for the institutional markets group focusing on institutional fixed income clients.
Start Date
Tenure
Tenure Rank
May 18, 2012
10.04
10.0%
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
Jan 30, 2017
5.33
5.3%
Ms. Baribault is a Director and Portfolio Manager at Newfleet (since 2011). Prior to 2011, Ms. Baribault was a manager of Investment Accounting at Phoenix Life Insurance Company. Ms. Baribault began her career in the investment industry in 2003.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.19 | 2.41 |
Dividend Investing Ideas Center
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