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 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
7.4%
1 yr return
9.9%
3 Yr Avg Return
1.9%
5 Yr Avg Return
2.8%
Net Assets
$584 M
Holdings in Top 10
18.1%
Expense Ratio 1.72%
Front Load N/A
Deferred Load 1.00%
Turnover 101.26%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities that, at the time of purchase, are rated below investment grade ("high yield" or "junk" bonds) or are the unrated equivalent as determined by Alcentra NY, LLC, the fund's sub-adviser. The fund's portfolio may include various types of fixed-income securities, such as corporate bonds and notes, mortgage-related securities, asset-backed securities, floating rate loans (limited to up to 20% of the fund's net assets) and other floating rate securities, zero coupon securities, convertible securities, preferred stock and other debt instruments of U.S. and foreign issuers.
In choosing securities for the fund, the fund's sub-adviser seeks to capture the higher yields offered by junk bonds, while managing credit risk and the volatility caused by interest rate movements. The fund's investment process involves a "top down" approach to security selection. The sub-adviser looks at a variety of factors when assessing a potential investment, including the state of the industry or sector, the company's financial strength, and the company's management. The sub-adviser also looks for companies that are underleveraged, have positive free cash flow, and are self-financing. There are no restrictions on the dollar-weighted average maturity or average effective duration of the fund's portfolio or on the maturities or durations of the individual fixed-income securities the fund may purchase. A bond's maturity is the length of time until the principal must be fully repaid with interest. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates.
The fund also may invest in collateralized debt obligations (CDOs), which are a type of asset-backed security and include collateralized bond obligations (CBOs) and collateralized loan obligations (CLOs) and other similarly structured securities. CDOs generally issue separate series or "tranches" which vary with respect to collateral, risk and yield. To enhance current income, the fund may engage in a series of purchase and sale contracts or forward roll transactions in which the fund sells a mortgage-related security, for example, to a financial institution and simultaneously agrees to purchase a similar security from the institution at a later date at an agreed upon price. The fund also may make forward commitments in which the fund agrees to buy or sell a security in the future at a price agreed upon today.
The fund typically will sell a security if the fund's sub-adviser believes it is overvalued from a valuation standpoint, another sector becomes relatively more attractive, and/or it expects fundamentals to deteriorate. In addition, at times, the fund may engage in active and frequent trading, which will increase portfolio turnover.
Period | PTHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.4% | -8.0% | 18.8% | 62.79% |
1 Yr | 9.9% | -3.7% | 20.6% | 60.49% |
3 Yr | 1.9%* | -14.0% | 21.7% | 78.02% |
5 Yr | 2.8%* | -11.4% | 37.3% | 86.32% |
10 Yr | 3.1%* | -5.1% | 20.1% | 81.99% |
* Annualized
Period | PTHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -4.7% | 14.3% | 64.92% |
2022 | -16.2% | -33.4% | 3.6% | 62.75% |
2021 | -0.7% | -8.4% | 8.2% | 76.12% |
2020 | -0.5% | -13.2% | 302.7% | 56.46% |
2019 | 8.4% | -4.4% | 13.3% | 43.72% |
Period | PTHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.4% | -8.0% | 18.8% | 62.79% |
1 Yr | 9.9% | -3.7% | 20.6% | 60.49% |
3 Yr | 1.9%* | -14.0% | 21.7% | 78.02% |
5 Yr | 2.8%* | -11.4% | 37.3% | 86.32% |
10 Yr | 3.1%* | -5.1% | 20.1% | 81.99% |
* Annualized
Period | PTHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.6% | -4.7% | 18.7% | 64.92% |
2022 | -12.1% | -33.4% | 47.8% | 78.97% |
2021 | 3.9% | -8.4% | 12.4% | 75.60% |
2020 | 4.4% | -9.6% | 325.6% | 69.03% |
2019 | 14.1% | -3.8% | 19.4% | 45.36% |
PTHIX | Category Low | Category High | PTHIX % Rank | |
---|---|---|---|---|
Net Assets | 584 M | 3.13 M | 25.3 B | 49.18% |
Number of Holdings | 360 | 2 | 4432 | 51.72% |
Net Assets in Top 10 | 115 M | -492 M | 6.67 B | 44.83% |
Weighting of Top 10 | 18.11% | 4.2% | 146.0% | 25.62% |
Weighting | Return Low | Return High | PTHIX % Rank | |
---|---|---|---|---|
Bonds | 95.22% | 0.00% | 145.36% | 51.14% |
Cash | 3.03% | -52.00% | 48.02% | 61.58% |
Stocks | 2.10% | 0.00% | 97.54% | 22.71% |
Convertible Bonds | 0.36% | 0.00% | 17.89% | 86.21% |
Preferred Stocks | 0.00% | 0.00% | 4.97% | 68.64% |
Other | -2.08% | -39.08% | 99.23% | 99.34% |
Weighting | Return Low | Return High | PTHIX % Rank | |
---|---|---|---|---|
Communication Services | 52.00% | 0.00% | 99.99% | 8.31% |
Consumer Defense | 48.00% | 0.00% | 100.00% | 8.31% |
Utilities | 0.00% | 0.00% | 100.00% | 60.53% |
Technology | 0.00% | 0.00% | 33.17% | 62.91% |
Real Estate | 0.00% | 0.00% | 86.71% | 59.05% |
Industrials | 0.00% | 0.00% | 93.12% | 63.20% |
Healthcare | 0.00% | 0.00% | 22.17% | 56.08% |
Financial Services | 0.00% | 0.00% | 100.00% | 63.20% |
Energy | 0.00% | 0.00% | 100.00% | 87.24% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 69.73% |
Basic Materials | 0.00% | 0.00% | 100.00% | 60.24% |
Weighting | Return Low | Return High | PTHIX % Rank | |
---|---|---|---|---|
US | 2.10% | 0.00% | 97.54% | 22.82% |
Non US | 0.00% | -0.01% | 0.83% | 51.72% |
Weighting | Return Low | Return High | PTHIX % Rank | |
---|---|---|---|---|
Corporate | 92.76% | 0.00% | 100.00% | 71.22% |
Cash & Equivalents | 3.03% | 0.00% | 48.02% | 52.87% |
Securitized | 2.75% | 0.00% | 97.24% | 15.30% |
Municipal | 0.00% | 0.00% | 1.17% | 49.18% |
Government | 0.00% | 0.00% | 99.07% | 63.16% |
Derivative | -2.08% | -14.58% | 42.26% | 99.51% |
Weighting | Return Low | Return High | PTHIX % Rank | |
---|---|---|---|---|
US | 93.51% | 0.00% | 126.57% | 48.77% |
Non US | 1.71% | 0.00% | 96.91% | 27.09% |
PTHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.72% | 0.02% | 38.33% | 14.92% |
Management Fee | 0.70% | 0.00% | 1.75% | 84.29% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 87.71% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
PTHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 48.10% |
PTHIX 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.
PTHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 101.26% | 1.00% | 255.00% | 89.41% |
PTHIX | Category Low | Category High | PTHIX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.25% | 0.00% | 11.76% | 35.07% |
PTHIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
PTHIX | Category Low | Category High | PTHIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.71% | -2.39% | 9.30% | 80.27% |
PTHIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.028 | OrdinaryDividend |
Sep 30, 2024 | $0.025 | OrdinaryDividend |
Aug 30, 2024 | $0.029 | OrdinaryDividend |
Jul 31, 2024 | $0.028 | OrdinaryDividend |
Apr 30, 2024 | $0.028 | OrdinaryDividend |
Mar 28, 2024 | $0.030 | OrdinaryDividend |
Feb 29, 2024 | $0.028 | OrdinaryDividend |
Jan 31, 2024 | $0.029 | OrdinaryDividend |
Dec 29, 2023 | $0.025 | OrdinaryDividend |
Nov 30, 2023 | $0.029 | OrdinaryDividend |
Oct 31, 2023 | $0.030 | OrdinaryDividend |
Sep 29, 2023 | $0.028 | OrdinaryDividend |
Aug 31, 2023 | $0.030 | OrdinaryDividend |
Jul 31, 2023 | $0.029 | OrdinaryDividend |
Jun 30, 2023 | $0.028 | OrdinaryDividend |
May 31, 2023 | $0.030 | OrdinaryDividend |
Apr 28, 2023 | $0.025 | OrdinaryDividend |
Mar 31, 2023 | $0.028 | OrdinaryDividend |
Feb 28, 2023 | $0.024 | OrdinaryDividend |
Jan 31, 2023 | $0.019 | OrdinaryDividend |
Dec 30, 2022 | $0.007 | OrdinaryDividend |
Nov 30, 2022 | $0.022 | OrdinaryDividend |
Oct 31, 2022 | $0.023 | OrdinaryDividend |
Sep 30, 2022 | $0.022 | OrdinaryDividend |
Aug 31, 2022 | $0.023 | OrdinaryDividend |
Jul 29, 2022 | $0.021 | OrdinaryDividend |
Jun 30, 2022 | $0.021 | OrdinaryDividend |
May 31, 2022 | $0.022 | OrdinaryDividend |
Apr 29, 2022 | $0.019 | OrdinaryDividend |
Mar 31, 2022 | $0.021 | OrdinaryDividend |
Feb 28, 2022 | $0.019 | OrdinaryDividend |
Jan 31, 2022 | $0.019 | OrdinaryDividend |
Dec 31, 2021 | $0.020 | OrdinaryDividend |
Dec 02, 2021 | $0.014 | CapitalGainShortTerm |
Nov 30, 2021 | $0.020 | OrdinaryDividend |
Oct 29, 2021 | $0.017 | OrdinaryDividend |
Sep 30, 2021 | $0.019 | OrdinaryDividend |
Aug 31, 2021 | $0.021 | OrdinaryDividend |
Jul 30, 2021 | $0.019 | OrdinaryDividend |
Jun 30, 2021 | $0.022 | OrdinaryDividend |
May 28, 2021 | $0.019 | OrdinaryDividend |
Apr 30, 2021 | $0.019 | OrdinaryDividend |
Mar 31, 2021 | $0.023 | OrdinaryDividend |
Feb 26, 2021 | $0.020 | OrdinaryDividend |
Jan 29, 2021 | $0.020 | OrdinaryDividend |
Dec 31, 2020 | $0.022 | OrdinaryDividend |
Nov 30, 2020 | $0.021 | OrdinaryDividend |
Oct 30, 2020 | $0.021 | OrdinaryDividend |
Sep 30, 2020 | $0.021 | OrdinaryDividend |
Aug 31, 2020 | $0.021 | OrdinaryDividend |
Jul 31, 2020 | $0.022 | OrdinaryDividend |
Jun 30, 2020 | $0.023 | OrdinaryDividend |
May 29, 2020 | $0.022 | OrdinaryDividend |
Apr 30, 2020 | $0.022 | OrdinaryDividend |
Mar 31, 2020 | $0.023 | OrdinaryDividend |
Feb 28, 2020 | $0.019 | OrdinaryDividend |
Jan 31, 2020 | $0.022 | OrdinaryDividend |
Dec 31, 2019 | $0.024 | OrdinaryDividend |
Nov 29, 2019 | $0.021 | OrdinaryDividend |
Oct 31, 2019 | $0.023 | OrdinaryDividend |
Sep 30, 2019 | $0.024 | OrdinaryDividend |
Aug 30, 2019 | $0.023 | OrdinaryDividend |
Jul 31, 2019 | $0.025 | OrdinaryDividend |
Dec 04, 2018 | $0.009 | CapitalGainShortTerm |
Dec 05, 2017 | $0.003 | CapitalGainShortTerm |
Dec 08, 2014 | $0.008 | CapitalGainShortTerm |
Start Date
Tenure
Tenure Rank
Oct 31, 2010
11.59
11.6%
Chris Barris, Kevin Cronk, CFA, and Leland Hart are the fund's primary portfolio managers, positions they have held since October 2010, September 2012 and February 2018, respectively. Messrs. Mr. Barris has been employed by BNYM Investment Adviser since July 2007 and is Global Head of High Yield and Deputy Chief Investment Officer at Alcentra, which he joined in January 2013. Mr. Cronk has been employed by BNYM Investment Adviser since July 2012 and is a Managing Director and Head of U.S. Credit at Alcentra, which he joined in January 2013. Mr. Hart has been employed by BNYM Investment Adviser since February 2018 and is a Managing Director and Head of U.S. Loans and High Yield at Alcentra, which he joined in January 2018. Prior to joining Alcentra, Mr. Hart was a managing director for BlackRock Asset Management, where he was employed since 2009. Messrs. Barris, Cronk and Hart manage the fund in their capacity as employees of BNYM Investment Adviser.
Start Date
Tenure
Tenure Rank
Sep 14, 2012
9.72
9.7%
Mr. Cronk joined Alcentra in January 2013 as part of the combination of Alcentra with Standish Mellon Asset Management Company LLC’s high yield business, and is the Head of U.S. Credit Research and a member of the U.S. Investment Committee. Mr. Cronk joined Standish Mellon Asset Management Company LLC, an affiliate of BNYM Investment Adviser and Alcentra, in 2011 from Columbia Management, where he worked for eleven years as a High Yield Analyst and Portfolio Manager. Prior to that, he worked as a High Yield Investment Associate at Putnam Investments.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.31 | 8.17 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...