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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
12.0%
1 yr return
29.0%
3 Yr Avg Return
0.7%
5 Yr Avg Return
6.9%
Net Assets
$267 M
Holdings in Top 10
22.7%
Expense Ratio 0.97%
Front Load N/A
Deferred Load N/A
Turnover 108.00%
Redemption Fee N/A
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund invests, under normal circumstances, at least 80% of its assets (net assets plus any borrowings for investment purposes) in the securities of U.S. companies with market capitalizations at the time of investment that are similar to the market capitalizations of companies within the collective range of the Russell 2000® Index and Russell Microcap Index. As of December 31, 2023, companies in the Russell 2000® Index had market capitalizations ranging from $10 million to $15 billion and the Russell Microcap Index had market capitalizations ranging from $1 million to $8 billion.
The Fund may also invest up to 10% of its net assets in securities of foreign issuers. An issuer of a security is considered to be a U.S. or foreign issuer based on the issuer's "country of risk" (or similar designation) as determined by a third-party such as Bloomberg.
Investment Process:Wellington Management Company LLP, the Fund’s Subadvisor (the “Subadvisor”), seeks to construct a broadly diversified portfolio across sectors and industries. The Subadvisor predominantly employs a bottom-up fundamental research approach across sectors to identify companies with potential positive changes in their business that the Subadvisor believes may lead to outperformance, while seeking to limit exposure to risk. However, with respect to the biotechnology and pharmaceutical industries, the Subadvisor relies upon a quantitative process to manage the Fund’s exposure. The Subadvisor also seeks to minimize the Fund’s exposure to risk by diversifying the Fund’s investments over securities issued across various industries and sectors. The Subadvisor may consider selling a security if valuation and sentiment indicators suggest the inflection point is being embraced and/or fully valued by the market or if the investment thesis is impaired or no longer valid. To better assess strategic business issues that impact the performance of a company, the Subadvisor may also give consideration to financially material environmental, social and/or governance (“ESG”) factors. The Subadvisor has discretion to determine the materiality of, as well as the level at which, financially relevant ESG factors are imbedded into its overall fundamental analysis when making an investment decision.
Period | MOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.0% | -18.2% | 29.1% | 39.92% |
1 Yr | 29.0% | -24.0% | 43.0% | 43.31% |
3 Yr | 0.7%* | -12.9% | 43.1% | 87.38% |
5 Yr | 6.9%* | -12.0% | 35.2% | 93.41% |
10 Yr | 6.1%* | -2.6% | 18.6% | 93.08% |
* Annualized
Period | MOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.0% | -19.9% | 29.0% | 78.26% |
2022 | -20.8% | -59.3% | 118.2% | 51.14% |
2021 | -10.3% | -31.6% | 39.3% | 96.14% |
2020 | 10.0% | -51.0% | 39.5% | 53.07% |
2019 | 17.1% | -5.6% | 37.8% | 74.38% |
Period | MOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.0% | -18.2% | 29.1% | 39.92% |
1 Yr | 29.0% | -24.0% | 43.0% | 43.31% |
3 Yr | 0.7%* | -12.9% | 43.1% | 87.38% |
5 Yr | 6.9%* | -12.0% | 35.2% | 93.41% |
10 Yr | 6.1%* | -2.6% | 18.6% | 93.08% |
* Annualized
Period | MOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.0% | -11.7% | 31.8% | 92.44% |
2022 | -19.0% | -45.2% | 123.7% | 70.72% |
2021 | 16.8% | 0.0% | 47.7% | 82.82% |
2020 | 10.0% | -50.5% | 46.9% | 67.52% |
2019 | 17.7% | 2.1% | 40.9% | 94.63% |
MOPIX | Category Low | Category High | MOPIX % Rank | |
---|---|---|---|---|
Net Assets | 267 M | 529 K | 145 B | 63.35% |
Number of Holdings | 140 | 2 | 2445 | 53.20% |
Net Assets in Top 10 | 71.6 M | 120 K | 9.87 B | 50.56% |
Weighting of Top 10 | 22.67% | 3.5% | 100.1% | 30.75% |
Weighting | Return Low | Return High | MOPIX % Rank | |
---|---|---|---|---|
Stocks | 96.15% | 7.51% | 107.74% | 82.33% |
Cash | 0.42% | 0.00% | 42.24% | 81.02% |
Preferred Stocks | 0.00% | 0.00% | 6.06% | 8.65% |
Other | 0.00% | -0.13% | 49.08% | 46.62% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 7.34% |
Bonds | 0.00% | 0.00% | 87.66% | 14.85% |
Weighting | Return Low | Return High | MOPIX % Rank | |
---|---|---|---|---|
Financial Services | 18.99% | 0.00% | 35.52% | 17.87% |
Healthcare | 16.77% | 0.00% | 26.53% | 9.13% |
Industrials | 14.84% | 2.46% | 37.42% | 79.66% |
Technology | 13.36% | 0.00% | 43.95% | 60.84% |
Real Estate | 8.93% | 0.00% | 29.43% | 30.80% |
Basic Materials | 7.72% | 0.00% | 18.66% | 6.65% |
Consumer Cyclical | 7.66% | 0.99% | 47.79% | 88.21% |
Energy | 6.93% | 0.00% | 37.72% | 30.42% |
Utilities | 2.11% | 0.00% | 18.58% | 57.60% |
Consumer Defense | 1.73% | 0.00% | 18.87% | 91.44% |
Communication Services | 0.97% | 0.00% | 14.85% | 86.69% |
Weighting | Return Low | Return High | MOPIX % Rank | |
---|---|---|---|---|
US | 96.15% | 4.48% | 107.74% | 78.01% |
Non US | 0.00% | 0.00% | 94.62% | 22.37% |
MOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.01% | 38.30% | 58.49% |
Management Fee | 0.80% | 0.00% | 1.50% | 64.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
MOPIX 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% | 5.00% | N/A |
MOPIX 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.
MOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 108.00% | 1.00% | 314.00% | 88.89% |
MOPIX | Category Low | Category High | MOPIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 42.47% | 68.98% |
MOPIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
MOPIX | Category Low | Category High | MOPIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.05% | -2.40% | 2.49% | 66.73% |
MOPIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 08, 2022 | $0.489 | OrdinaryDividend |
Dec 06, 2021 | $7.774 | OrdinaryDividend |
Dec 05, 2019 | $0.133 | OrdinaryDividend |
Dec 06, 2018 | $0.820 | CapitalGainShortTerm |
Dec 06, 2018 | $3.186 | CapitalGainLongTerm |
Dec 06, 2018 | $0.130 | OrdinaryDividend |
Dec 07, 2017 | $0.435 | CapitalGainShortTerm |
Dec 07, 2017 | $2.220 | CapitalGainLongTerm |
Dec 14, 2016 | $0.176 | OrdinaryDividend |
Dec 14, 2015 | $0.095 | OrdinaryDividend |
Dec 19, 2014 | $0.063 | OrdinaryDividend |
Dec 28, 2012 | $0.017 | ExtraDividend |
Dec 11, 2012 | $0.081 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Mar 05, 2021
1.24
1.2%
Mr. Carpi is a Managing Director and Portfolio Manager and joined Wellington in 2005. Mr. Carpi has been in the investment management industry since 2000. He earned his MBA from Stanford University (2005) and his BSE in electrical engineering from the University of Pennsylvania (Moore, 2000). Additionally, Mr. Carpi holds the Chartered Financial Analyst designation
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 49.61 | 7.18 | 2.58 |
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