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 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.9%
1 yr return
17.1%
3 Yr Avg Return
5.1%
5 Yr Avg Return
10.2%
Net Assets
$1.96 B
Holdings in Top 10
48.1%
Expense Ratio 0.65%
Front Load N/A
Deferred Load N/A
Turnover 23.67%
Redemption Fee 0.25%
Standard (Taxable)
$3,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
• | Durable intangible assets (e.g. brands, licenses, patents); |
• | Domestic/international growth potential; |
• | Low capital intensity; |
• | High free-cash generation; |
• | Financial strength: comfortable coverage of fixed charges; and |
• | Capable management. |
Period | IFPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | 4.3% | 46.2% | 49.46% |
1 Yr | 17.1% | 5.8% | 61.3% | 16.87% |
3 Yr | 5.1%* | -11.0% | 19.2% | 9.44% |
5 Yr | 10.2%* | -7.6% | 110.6% | 45.53% |
10 Yr | 9.0%* | -0.1% | 52.9% | 75.84% |
* Annualized
Period | IFPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.5% | -42.6% | 47.4% | 79.65% |
2022 | -23.2% | -56.3% | -4.2% | 67.44% |
2021 | 10.0% | -27.2% | 537.8% | 76.14% |
2020 | 5.5% | -22.5% | 2181.7% | 81.21% |
2019 | 21.5% | -13.5% | 40.4% | 62.21% |
Period | IFPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | 4.3% | 46.2% | 49.46% |
1 Yr | 17.1% | 5.8% | 61.3% | 16.87% |
3 Yr | 5.1%* | -11.0% | 19.2% | 9.44% |
5 Yr | 10.2%* | -7.6% | 110.6% | 45.53% |
10 Yr | 9.0%* | -0.1% | 52.9% | 75.84% |
* Annualized
Period | IFPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.0% | -5.0% | 47.4% | 68.32% |
2022 | -10.8% | -36.8% | -2.2% | 11.82% |
2021 | 17.9% | 3.0% | 537.8% | 94.33% |
2020 | 19.0% | -15.8% | 2266.0% | 30.73% |
2019 | 35.2% | -0.4% | 241.3% | 3.59% |
IFPUX | Category Low | Category High | IFPUX % Rank | |
---|---|---|---|---|
Net Assets | 1.96 B | 2.34 M | 1.55 T | 43.61% |
Number of Holdings | 30 | 2 | 3963 | 94.81% |
Net Assets in Top 10 | 960 M | 880 K | 525 B | 42.13% |
Weighting of Top 10 | 48.14% | 0.3% | 111.6% | 12.50% |
Weighting | Return Low | Return High | IFPUX % Rank | |
---|---|---|---|---|
Stocks | 98.29% | 0.00% | 105.79% | 65.62% |
Cash | 1.71% | 0.00% | 99.07% | 32.40% |
Preferred Stocks | 0.00% | 0.00% | 2.03% | 54.33% |
Other | 0.00% | -13.91% | 100.00% | 67.27% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 51.78% |
Bonds | 0.00% | 0.00% | 93.85% | 55.23% |
Weighting | Return Low | Return High | IFPUX % Rank | |
---|---|---|---|---|
Communication Services | 27.84% | 0.00% | 27.94% | 0.25% |
Healthcare | 16.30% | 0.00% | 52.29% | 21.07% |
Financial Services | 13.39% | 0.00% | 55.59% | 52.90% |
Technology | 10.42% | 0.00% | 48.94% | 94.71% |
Consumer Cyclical | 10.17% | 0.00% | 30.33% | 59.53% |
Industrials | 8.93% | 0.00% | 29.90% | 51.55% |
Consumer Defense | 8.67% | 0.00% | 47.71% | 18.89% |
Basic Materials | 4.29% | 0.00% | 25.70% | 18.14% |
Utilities | 0.00% | 0.00% | 20.91% | 92.61% |
Real Estate | 0.00% | 0.00% | 31.91% | 93.62% |
Energy | 0.00% | 0.00% | 41.64% | 92.36% |
Weighting | Return Low | Return High | IFPUX % Rank | |
---|---|---|---|---|
US | 81.86% | 0.00% | 105.79% | 96.87% |
Non US | 16.43% | 0.00% | 63.83% | 0.74% |
IFPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | 0.01% | 19.75% | 62.49% |
Management Fee | 0.58% | 0.00% | 1.90% | 60.98% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
IFPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
IFPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 0.25% | 0.25% | 2.00% | 97.44% |
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.
IFPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 23.67% | 0.00% | 268.00% | 47.75% |
IFPUX | Category Low | Category High | IFPUX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.17% | 0.00% | 25.47% | 6.94% |
IFPUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
IFPUX | Category Low | Category High | IFPUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.42% | -54.00% | 2.44% | 7.50% |
IFPUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 13, 2023 | $0.274 | OrdinaryDividend |
Dec 13, 2023 | $0.194 | CapitalGainShortTerm |
Dec 13, 2023 | $1.051 | CapitalGainLongTerm |
Dec 14, 2022 | $2.772 | OrdinaryDividend |
Dec 15, 2021 | $1.501 | OrdinaryDividend |
Dec 16, 2020 | $2.471 | OrdinaryDividend |
Dec 18, 2019 | $0.373 | OrdinaryDividend |
Dec 18, 2019 | $0.084 | CapitalGainShortTerm |
Dec 18, 2019 | $1.597 | CapitalGainLongTerm |
Dec 19, 2017 | $0.294 | CapitalGainShortTerm |
Dec 19, 2017 | $0.367 | CapitalGainLongTerm |
Dec 19, 2017 | $0.239 | OrdinaryDividend |
Dec 20, 2016 | $0.217 | OrdinaryDividend |
Dec 20, 2016 | $0.052 | CapitalGainShortTerm |
Dec 20, 2016 | $0.311 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Dec 20, 2011
10.45
10.5%
Hassan is a partner and lead portfolio manager at Independent Franchise Partners, LLP. Prior to founding the Firm in June 2009, Hassan was Managing Director and lead portfolio manager at Morgan Stanley Investment Management. Hassan joined Morgan Stanley in 1995 and responsibility for the Global Franchise strategy in April 2002 and launching American Franchise in June 2005. Previously, Hassan was an international equity portfolio manager for Mitchell Hutchins Asset Management and worked as an international equity analyst for First Chicago Corporation. He has 37 years of investment experience.
Start Date
Tenure
Tenure Rank
Dec 20, 2011
10.45
10.5%
Jayson is a partner and portfolio manager at Independent Franchise Partners, LLP. Prior to founding the Firm in June 2009, Jayson was Vice President and a portfolio manager/ research analyst for Global and American Franchise portfolios at Morgan Stanley Investment Management, which he joined in August 2003. Previously, Jayson worked at Goldman Sachs and Deloitte & Touche. Jayson received a BComm. and a post-graduate diploma in Accounting from the University of Natal. He is a CFA® Charterholder, a Qualified Chartered Accountant and a member of the South African Institute of Chartered Accountants (SAICA). He has 20 years of investment experience.
Start Date
Tenure
Tenure Rank
Dec 20, 2011
10.45
10.5%
Karim Ladha is a partner and member of investment team at Independent Franchise Partners, LLP. He joined the Firm in May 2011 and has 14 years of investment experience. Prior to joining the Firm, Karim worked at Neptune Investment Management in London. Previously, Karim performed both equity and fixed income research at Morgan Stanley Investment Management, including working with the Franchise team. Karim received a B.A. (Hons) in Philosophy, Politics and Economics at St John’s College, University of Oxford and an MBA from the University of Chicago, and is a CFA® Charterholder.
Start Date
Tenure
Tenure Rank
Dec 20, 2011
10.45
10.5%
Michael is a partner and portfolio manager at Independent Franchise Partners, LLP. Prior to founding the Firm in June 2009, Michael was Executive Director and a portfolio manager/ research analyst for Global and American Franchise portfolios at Morgan Stanley Investment Management. Michael joined Morgan Stanley in 2000 and served as a portfolio manager for global and European equity portfolios before joining the Franchise team in February 2005. Previously, Michael worked at NatWest Markets and Unilever. He received a BComm. and a post-graduate diploma in Management Accounting, both from the University of Natal. He is a CFA® Charterholder and a Chartered Global Management Accountant. Mr. Allison has 24 years of investment experience.
Start Date
Tenure
Tenure Rank
Jan 31, 2014
8.33
8.3%
Richard is a partner and investor at Independent Franchise Partners, LLP. He joined the Firm in January 2014 and has 15 years of investment experience. Prior to joining the Firm, Richard was a fund manager at Legal & General Investment Management. In this role he continued his previous analyst responsibility for the TMT sector. Previously, Richard was a senior equity research associate at Sanford C Bernstein Ltd, working with the firm’s Telecoms and European Media teams, following earlier experience working in corporate finance. Richard received an M.A. in Classics from the University of Cambridge.
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Terence joined Independent Franchise Partners, LLP in October 2015 and has 11 years of industry experience. Terence was previously a senior associate in the top ranked Accounting and Valuation equity research team at Citigroup. In that role he was responsible for monitoring and analysing the impact of accounting standards on company reporting and valuation. Before joining Citigroup, Terence was a manager at Deloitte. Terence received a B.Sc. in Accounting and Finance from the London School of Economics and Political Science, is a Chartered Accountant and member of the Institute of Chartered Accountants in England and Wales (ICAEW). He is a CFA® Charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.27 | 2.42 |
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