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 12/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
62.8%
1 yr return
77.1%
3 Yr Avg Return
19.3%
5 Yr Avg Return
N/A
Net Assets
$18.1 M
Holdings in Top 10
43.7%
Expense Ratio 1.82%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$2,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To achieve the Fund’s investment objectives, Wrona Investment Management, LLC (the “Adviser”) invests primarily in publicly traded common stocks of any capitalization. The Adviser may also invest in stock options, stock index futures, and stocks of foreign and emerging market issuers listed on U.S. exchanges. The Fund defines emerging market issuers to be those found in the MSCI Emerging Markets Index. The Adviser may engage in short sales of common stocks.
The Fund invests in the common stock of companies that are experiencing “business momentum”. The Adviser considers a company to have business momentum if its business conditions, in the Adviser’s opinion, are generally improving from its recent past or are likely to improve shortly. The Adviser employs a bottom-up, fundamental research approach to each company and industry with a technical analysis overlay to gain a better understanding of investor sentiment and potential future risks. The Adviser expects that many, or possibly all, of these companies will be in the technology sector and exhibit strong growth in revenues, earnings and/or cash flows, although significant investments may also be made in other sectors.
The Fund will sell a security when the Adviser believes that the underlying reasons for the purchase are no longer valid. Such reasons may include significant price appreciation, an adverse change in business conditions for the company, loss of market share or heightened competition or any event(s) that causes a company to lose its business momentum, and/or better investment opportunities in other companies. The Adviser may engage in frequent transactions for the Fund resulting in a high portfolio turnover rate.
The Fund may actively use covered calls and covered puts on individual securities. A covered call is owning a stock while simultaneously being short (also known as writing) a call option(s) on the same stock. A covered put is being short a stock while simultaneously being short (also known as writing) a put option(s) on the same stock. Both strategies are meant to reduce portfolio volatility and reduce downside risk relative to owning a stock or being short a stock without the corresponding covered call option or put option. The Adviser may use these strategies during periods of heightened individual company risks.
The Adviser may employ a short straddle or short strangle stock option strategy. A short straddle is being short (also known as writing) a call option(s) and put option(s) at the same strike price on the same stock. A short strangle is being short (also known as writing) a call option(s) and a put option(s) at different strike prices on the same stock. Both strategies benefit if the underlying stock is not as volatile over the holding period as the options market is currently pricing. The Adviser will only make use of option strategies where the underlying security is one in which the Fund normally would invest.
The Fund may buy or sell stock index futures to increase exposure to the broad equity market, hedge market exposure of an existing portfolio, or decrease overall market exposure. The Adviser may invest in stock index futures in this way to achieve a desired portfolio stock, or stock equivalent, exposure.
The Fund also invests in short-term opportunities through the trading of common stocks and/or stock index futures in situations that the Adviser believes to be a market overreaction to recently disclosed public news. Such situations can be caused for many reasons including earnings reports, analyst rating changes, competitor changes in business outlook, secondary stock offerings, industry headline news, extraordinary events, economic reports or monetary actions. In these circumstances, business momentum may not be a factor and the expectation is for a short-term trade.
The Adviser’s investment process seeks to exclude direct investment for the Fund in the securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, vaping equipment, gambling equipment, gambling enterprises, pornography, or which provide products or services that do not allow the right to life at all stages. By buying stock index futures, the Adviser may be indirectly investing in these securities.
The Fund is “non-diversified”, meaning it can invest in fewer securities at any one time than a “diversified” fund.
Period | ONERX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 62.8% | 2.4% | 55.8% | 0.46% |
1 Yr | 77.1% | 4.7% | 67.4% | 0.09% |
3 Yr | 19.3%* | -21.2% | 27.7% | 0.56% |
5 Yr | N/A* | -12.8% | 30.5% | N/A |
10 Yr | N/A* | -4.5% | 20.3% | N/A |
* Annualized
Period | ONERX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 72.4% | -74.1% | 72.4% | 0.09% |
2022 | -47.3% | -85.9% | 4.7% | 93.42% |
2021 | 10.2% | -52.4% | 60.5% | 42.66% |
2020 | N/A | -34.3% | 145.0% | N/A |
2019 | N/A | -6.9% | 49.4% | N/A |
Period | ONERX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 62.8% | 2.4% | 55.8% | 0.46% |
1 Yr | 77.1% | 4.7% | 67.4% | 0.09% |
3 Yr | 19.3%* | -21.2% | 27.7% | 0.56% |
5 Yr | N/A* | -12.8% | 30.5% | N/A |
10 Yr | N/A* | -4.5% | 20.3% | N/A |
* Annualized
Period | ONERX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 72.4% | -4.6% | 72.4% | 0.09% |
2022 | -42.0% | -61.7% | 5.6% | 94.81% |
2021 | 33.7% | -39.8% | 118.1% | 1.22% |
2020 | N/A | 2.8% | 149.2% | N/A |
2019 | N/A | -5.2% | 49.4% | N/A |
ONERX | Category Low | Category High | ONERX % Rank | |
---|---|---|---|---|
Net Assets | 18.1 M | 296 K | 287 B | 97.64% |
Number of Holdings | 56 | 2 | 3061 | 55.72% |
Net Assets in Top 10 | 7.89 M | 126 K | 150 B | 98.28% |
Weighting of Top 10 | 43.65% | 0.7% | 205.0% | 78.53% |
Weighting | Return Low | Return High | ONERX % Rank | |
---|---|---|---|---|
Stocks | 97.99% | 0.00% | 123.52% | 71.05% |
Other | 1.84% | -36.56% | 50.35% | 4.54% |
Cash | 0.76% | 0.00% | 173.52% | 57.44% |
Preferred Stocks | 0.00% | 0.00% | 8.45% | 47.10% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 39.27% |
Bonds | 0.00% | 0.00% | 102.71% | 40.38% |
Weighting | Return Low | Return High | ONERX % Rank | |
---|---|---|---|---|
Technology | 65.70% | 0.00% | 65.70% | 0.09% |
Industrials | 13.11% | 0.00% | 30.65% | 7.00% |
Consumer Cyclical | 10.86% | 0.00% | 62.57% | 81.36% |
Real Estate | 4.12% | 0.00% | 16.05% | 8.27% |
Financial Services | 3.31% | 0.00% | 43.06% | 93.82% |
Basic Materials | 1.55% | 0.00% | 18.91% | 40.27% |
Healthcare | 1.35% | 0.00% | 39.76% | 98.64% |
Utilities | 0.00% | 0.00% | 16.07% | 57.91% |
Energy | 0.00% | 0.00% | 41.09% | 72.64% |
Communication Services | 0.00% | 0.00% | 66.40% | 98.27% |
Consumer Defense | 0.00% | 0.00% | 25.50% | 91.82% |
Weighting | Return Low | Return High | ONERX % Rank | |
---|---|---|---|---|
US | 97.99% | 0.00% | 123.52% | 59.71% |
Non US | 0.00% | 0.00% | 75.46% | 58.62% |
ONERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.82% | 0.01% | 28.71% | 10.66% |
Management Fee | 1.00% | 0.00% | 1.50% | 96.89% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
ONERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
ONERX 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.
ONERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 316.74% | N/A |
ONERX | Category Low | Category High | ONERX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 27.58% | 67.57% |
ONERX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
ONERX | Category Low | Category High | ONERX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.50% | -6.13% | 3.48% | 96.57% |
ONERX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 29, 2022 | $2.130 | OrdinaryDividend |
Dec 23, 2021 | $7.435 | OrdinaryDividend |
Dec 24, 2020 | $6.476 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Mar 06, 2020
2.24
2.2%
Mr. Wrona founded Wrona Investment Management, LLC in 2019 and serves as the firm's President, Portfolio Manager, and CCO. He has managed his family’s portfolio since 2001. Mr. Wrona was a Portfolio Manager at Pilgrim Baxter & Associates from 1997 to 2001. Mr. Wrona was also a Portfolio Manager and Securities Analyst at Munder Capital Management from 1990 to 1997. Previously, he served as portfolio manager with SunAmerica Asset Management. He has also served as securities analyst with Drexel, Burnham, Lambert and was a product designer with the Ford Motor Company. Mr. Wrona has over 30 years of investment experience in the public securities markets. He holds the Chartered Financial Analyst designation.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.25 | 3.08 |
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