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
25.5%
1 yr return
31.4%
3 Yr Avg Return
8.7%
5 Yr Avg Return
N/A
Net Assets
$232 M
Holdings in Top 10
61.7%
Expense Ratio 0.79%
Front Load N/A
Deferred Load N/A
Turnover 29.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Principal investments
To achieve its investment objective, the Fund invests in, or seeks exposure to, stocks with attractive growth, quality, and valuation profiles.
Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in US companies. Under normal circumstances, the Fund invests a substantial portion of its net assets in large-capitalization equities traded in the United States. Investments in equity securities may include but are not limited to common stock (including REITs) of issuers located throughout the world, and American Depositary Receipts. The Fund may invest in issuers from both developed markets (including the United States) and emerging markets.
Under normal market conditions, the Advisor intends to invest the Fund's portfolio under the following guidelines, but reserves the right to deviate if economic and business conditions warrant:
• 20-50 stocks in the portfolio
• Companies with a market capitalization of $2.5 billion or greater
• Typical allocation to American Depository Receipts (ADRs) of 15% or less
• Minimum of 6 sectors included in the portfolio for diversification purposes
• The Fund aims to be fully invested but may allow for a cash allocation—with a range of 1-10%—for liquidity purposes.
The Fund is a non-diversified fund, which means that the Fund may invest more of its assets in a smaller number of issuers than a diversified investment company.
Under certain market conditions, the Fund may, but is not required to, use exchange traded derivative instruments for risk management purposes or as part of the Fund's investment strategies. Generally, derivatives are financial contracts whose value depends upon, or is derived from, the value of an underlying asset, reference rate, index or other market factor and may relate to stocks, bonds, interest rates, credit, currencies or currency exchange rates, commodities and related indexes. The derivatives in which the Fund may invest include futures, forward currency agreements and equity participation notes. All of these derivatives may be used for risk management purposes to manage or adjust the risk profile of the Fund. Futures on currencies and forward currency agreements may also be used to hedge against a specific currency. In addition, all of the derivative
instruments listed above may be used for investment (non-hedging) purposes to earn income; to enhance returns; to replace more traditional direct investments (except for forward currency agreements); or to obtain exposure to certain markets (except for forward currency agreements). The Fund also may use futures contracts on equity securities and indices to gain market exposure on its uninvested cash.
The Fund also may at times invest in ETFs and other investment companies for the purpose of gaining exposure to the stock market while maintaining liquidity.
Management process
The Advisor seeks to invest in high quality companies, expected to deliver above-average earnings per share (EPS) growth over the next 3-5 years, trading at attractive valuations. The Advisor believes that investment risks inherent in investing in higher growth-oriented stocks can be mitigated by focusing on both higher quality companies and being disciplined regarding valuations. Using this approach, the Advisor believes the portfolio can deliver attractive risk-adjusted total returns through the market cycle when compared to US large-cap growth indices.
The portfolio management team defines "reasonable price" as attractive valuation relative to the broader growth index (Russell 1000 Growth Index). While the primary metric used to assess valuation is price-to-earnings, the team may include other metrics such as enterprise value-to-earnings before interest, taxes, depreciation and amortization ("EBITDA") and price-to-sales.
In selecting individual securities for investment, the Advisor begins with a proprietary quantitative model. The investable universe of stocks are scored using the following metrics:
• High-quality as defined by margin stability over a business cycle and return on equity.
• Expected earnings growth over the next 3-5 years
• Valuation relative to the broader growth index (Russell 1000 Growth Index).
The Advisor may modify the quantitative screening process at any time, without shareholder approval or notice.
Stocks are then reviewed from a "bottom-up" or fundamental perspective by the Advisor, leveraging the intellectual capital of UBS Global Wealth Management ("WM"), an affiliate of the Advisor, Chief Investment Office ("CIO") equity strategists and equity sector analysts, as well as other resources. The Advisor assesses
the fundamental outlook for revenues, earnings, quality, and valuation—among other metrics—while determining potential upside and downside risks given current and expected market environments. This assessment is determined with the intention of owning stocks for the portfolio over a multi-year time horizon.
In addition, the Advisor constructs the portfolio taking into account several investment considerations including but not limited to: the UBS House View (a publication of macro and thematic views of WM CIO) on markets, regions, sectors and style factors. While the Advisor may receive input from multiple business units within UBS, the Advisor has final discretion in the portfolio's construction.
The Fund is classified by UBS AM (Americas) as an "ESG-integrated" fund. The Fund's investment process integrates material sustainability and/or environmental, social and governance ("ESG") considerations into the research process for portfolio investments and portfolio holdings for which ESG data is available. Therefore, the Advisor does not assess every investment for ESG factors and, when it does, not every ESG factor may be identified or evaluated. ESG integration is driven by taking into account material sustainability and/or ESG risks which could impact investment returns, rather than being driven by specific ethical principles or norms. The analysis of material sustainability and/or ESG considerations can include many different aspects, including, for example, the carbon footprint, employee health and well-being, supply chain management, fair customer treatment and governance processes of a company. ESG considerations and weights considered may change over time. The Fund's portfolio managers may still invest in securities without respect to sustainability and/or ESG considerations or in securities which present sustainability and/or ESG risks, including where the portfolio managers believe the potential compensation outweighs the risks identified.
Period | QGRPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.5% | 2.4% | 55.8% | 76.96% |
1 Yr | 31.4% | 4.7% | 67.4% | 76.32% |
3 Yr | 8.7%* | -21.2% | 27.7% | 53.02% |
5 Yr | N/A* | -12.8% | 30.5% | N/A |
10 Yr | N/A* | -4.5% | 20.3% | N/A |
* Annualized
Period | QGRPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 34.9% | -74.1% | 72.4% | 41.15% |
2022 | -26.3% | -85.9% | 4.7% | 15.85% |
2021 | 25.5% | -52.4% | 60.5% | 5.71% |
2020 | N/A | -34.3% | 145.0% | N/A |
2019 | N/A | -6.9% | 49.4% | N/A |
Period | QGRPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.5% | 2.4% | 55.8% | 76.96% |
1 Yr | 31.4% | 4.7% | 67.4% | 76.32% |
3 Yr | 8.7%* | -21.2% | 27.7% | 53.02% |
5 Yr | N/A* | -12.8% | 30.5% | N/A |
10 Yr | N/A* | -4.5% | 20.3% | N/A |
* Annualized
Period | QGRPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 35.5% | -4.6% | 72.4% | 58.67% |
2022 | -25.6% | -61.7% | 5.6% | 24.28% |
2021 | 25.7% | -39.8% | 118.1% | 24.32% |
2020 | N/A | 2.8% | 149.2% | N/A |
2019 | N/A | -5.2% | 49.4% | N/A |
QGRPX | Category Low | Category High | QGRPX % Rank | |
---|---|---|---|---|
Net Assets | 232 M | 296 K | 287 B | 77.33% |
Number of Holdings | 35 | 2 | 3061 | 84.75% |
Net Assets in Top 10 | 187 M | 126 K | 150 B | 72.41% |
Weighting of Top 10 | 61.66% | 0.7% | 205.0% | 18.47% |
Weighting | Return Low | Return High | QGRPX % Rank | |
---|---|---|---|---|
Stocks | 98.49% | 0.00% | 123.52% | 61.25% |
Cash | 1.54% | 0.00% | 173.52% | 34.30% |
Preferred Stocks | 0.00% | 0.00% | 8.45% | 81.85% |
Other | 0.00% | -36.56% | 50.35% | 82.21% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 80.27% |
Bonds | 0.00% | 0.00% | 102.71% | 80.85% |
Weighting | Return Low | Return High | QGRPX % Rank | |
---|---|---|---|---|
Technology | 31.86% | 0.00% | 65.70% | 64.64% |
Consumer Cyclical | 21.70% | 0.00% | 62.57% | 11.91% |
Communication Services | 12.24% | 0.00% | 66.40% | 32.09% |
Healthcare | 9.71% | 0.00% | 39.76% | 79.09% |
Financial Services | 9.56% | 0.00% | 43.06% | 46.18% |
Industrials | 7.44% | 0.00% | 30.65% | 33.64% |
Consumer Defense | 4.46% | 0.00% | 25.50% | 38.91% |
Basic Materials | 1.57% | 0.00% | 18.91% | 40.18% |
Real Estate | 1.47% | 0.00% | 16.05% | 42.73% |
Utilities | 0.00% | 0.00% | 16.07% | 85.18% |
Energy | 0.00% | 0.00% | 41.09% | 90.45% |
Weighting | Return Low | Return High | QGRPX % Rank | |
---|---|---|---|---|
US | 98.49% | 0.00% | 123.52% | 48.91% |
Non US | 0.00% | 0.00% | 75.46% | 86.57% |
QGRPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.79% | 0.01% | 28.71% | 64.21% |
Management Fee | 0.50% | 0.00% | 1.50% | 32.18% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.01% | 1.02% | 38.95% |
QGRPX 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 |
QGRPX 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.
QGRPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 0.00% | 316.74% | 45.32% |
QGRPX | Category Low | Category High | QGRPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.33% | 0.00% | 27.58% | 32.79% |
QGRPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
QGRPX | Category Low | Category High | QGRPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.32% | -6.13% | 3.48% | 11.97% |
QGRPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.060 | OrdinaryDividend |
Dec 19, 2022 | $0.106 | CapitalGainLongTerm |
Dec 20, 2021 | $0.027 | OrdinaryDividend |
Dec 18, 2020 | $0.042 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Edmund Tran is a Portfolio Manager with the US Private Client Equities team of UBS Asset management based in New York. Prior to joining UBS Asset Management in June 2020, Mr. Tran was in WM CIO, where he was an equity strategist. In his role, Mr. Tran contributed to the management of the UBS US Dividend Ruler and UBS US Quality Growth At Reasonable Price model portfolios and co-authored equity strategy research reports. Prior to WM CIO, Mr. Tran was an investment associate in UBS Global Wealth Management. Mr. Tran is a CFA charterholder.
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Christopher Shea is a Senior Portfolio Manager with the US Private Client Equities team of UBS Asset Management based in New York. Prior to joining UBS Asset Management in June 2020, Mr. Shea was in WM CIO, where he was the lead portfolio strategist on a US Large Cap Core model portfolio and deputy portfolio strategist on several other model portfolios. Prior to WM CIO, he served as a portfolio manager with UBS Investment Management where he was responsible for several equity- and balanced-portfolio strategies. Mr. Shea joined UBS in 2003, and is a CFA charterholder.
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Jeffrey Hans is a Senior Portfolio Manager with the US Private Client Equities team of UBS Asset Management based in New York. Prior to joining UBS Asset Management in June 2020, Mr. Hans was in WM CIO, where he was lead portfolio strategist on two model portfolios (US large-cap value and US mid-cap), and has been a key contributor for stock selection and risk management since their inception. Mr. Hans joined UBS in 2012 from Citigroup where he spent five years in equity research as an analyst and senior associate covering the leisure and restaurant sectors for the number one ranked Institutional Investor Magazine analyst team. Prior to that, he worked eight years at Citi Smith Barney Wealth Management as an equity sector strategist with specialization in the industrials and consumer sectors.
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Jeremy Zirin is the Head of Equities Americas for the UBS Global Wealth Management Chief Investment Office. He manages teams responsible for US equity strategy, single-security equity model portfolios and sector research. He is also a member of the Asset Allocation Committee for Wealth Management USA. His primary functional responsibilities include authoring investment strategy and equity strategy research reports, managing the firm's model portfolio shelf, and representing the UBS House View to UBS Financial Advisors, clients and the media. Jeremy is a Chartered Financial Analyst® and a member of the CFA Institute and the New York Society of Security Analysts (NYSSA). He holds an M.B.A. in finance and statistics from New York University’s Stern School of Business, and a B.S. in accounting from the State University of New York at Albany.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.25 | 3.08 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
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Dividend Investing Ideas Center
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