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 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.4%
1 yr return
3.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$72.7 M
Holdings in Top 10
99.1%
Expense Ratio 2.95%
Front Load N/A
Deferred Load 1.00%
Turnover 62.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$2,500
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of instruments that provide exposure to U.S. and non-U.S. equity securities. These instruments generally include futures and options on securities, securities indices and shares of exchange-traded funds (“ETFs”). The Fund may also invest in equity securities (such as common stocks, preferred stocks and shares of investment companies, including ETFs) of U.S. and non-U.S. issuers, which may include emerging market issuers, in any industry sector and in all market capitalization ranges, including small capitalization stocks, without limitation.
The Fund may hold a substantial portion of its assets in cash and cash equivalents, including money market instruments, commercial paper and short-term securities issued by U.S. and non-U.S. issuers, and in fixed-income instruments of U.S. and non-U.S. issuers that are of investment grade and of any maturity. Such fixed-income instruments include corporate bonds, government securities, and bank debt. The Fund may also invest in futures, options, and swaps on fixed-income instruments, credit indices, and interest rates such as futures on government securities and options on interest rate swaps.
Broadmark Asset Management LLC’s (“Broadmark” or the “Sub-Advisor”) investment approach for managing the Fund’s assets focuses on identifying securities and other instruments that the Sub-Advisor believes are undervalued, or overvalued, relative to their intrinsic values, and that offer the greatest risk-adjusted potential for returns. In evaluating whether a particular market, sector or industry is undervalued or overvalued, the Sub-Advisor considers a variety of factors, including valuation and monetary conditions, investor sentiment and returns over a calendar year or other time period. The Sub-Advisor seeks to invest in futures, options and options on futures on indices, equity securities, and other instruments in sectors and industries or groups of industries that the Sub-Advisor believes are attractive on a relative basis. Consistent with this approach, the Sub-Advisor may also sell short options and futures on indices, equity securities and other instruments that it believes are less attractive on a relative basis. The Sub-Advisor’s investment approach also involves using strategies designed to create less downside volatility than the HFRX Equity Hedge Index. With respect to the Fund, the Fund’s principal investment strategies include seeking to create less market exposure during equity market downturns. If this strategy is successful, having less equity market exposure during equity downturns, as determined by the Sub-Advisor’s investment process, will result in the Fund having less downside volatility than the HFRX Equity Hedge Index.
For hedging and non-hedging (speculative) purposes, the Fund may invest in options on foreign currencies, foreign currency futures and options and foreign currency exchange-related securities like foreign currency warrants and other instruments linked to foreign currency exchange rates. The Fund may write (sell) covered and uncovered put and call options, and may purchase put and call options, on securities, securities indices, shares of ETFs and other instruments. In addition, for purposes of adjusting risk and return of its investment positions, the Fund may purchase or write a combination of options (i.e., simultaneously writing call options and purchasing put options).
In addition to purchasing, or taking “long” positions in equity securities, the Fund may employ both leveraged investment techniques (e.g., investments in futures and options) as well as short positions on target securities, which allow the Fund a net exposure which can range from 200% net long to 100% net short in its portfolio, as measured at the time of investment. For example, if the Fund invests 130% of its net assets in long positions and 30% of its net assets in short positions, the Fund is “100% net long.” When the Fund’s outstanding short positions equal its net assets, the Fund is “100% net short.” The Fund may employ short positions independently of (and without regard to) its existing long positions and such short positions may not offset, or correlate directly to, long positions.
The percentage of the Fund’s assets held in cash and cash equivalents will fluctuate depending on various factors, including the Sub-Advisor’s current assessment of markets, valuation and monetary conditions, investor sentiment, risks and other investment factors, the Fund’s current requirements for liquidity, and the Fund’s need to satisfy margin requirements with respect to its use of derivative instruments.
The Fund may engage in active and frequent trading of portfolio securities to achieve its investment objective.
The Fund may temporarily invest extensively in cash and cash equivalents for the purpose of protecting the Fund in the event the Sub-Advisor determines that market, economic, political, or other conditions warrant a defensive posture. To the extent that the Fund is in a defensive position, its ability to achieve its investment objective will be limited.
Period | SBTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -11.5% | 45.1% | 93.88% |
1 Yr | 3.9% | -11.3% | 51.1% | 95.92% |
3 Yr | N/A* | -8.3% | 26.5% | 74.70% |
5 Yr | N/A* | -2.7% | 23.6% | 67.57% |
10 Yr | N/A* | -3.9% | 10.1% | 11.36% |
* Annualized
Period | SBTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.1% | -17.3% | 43.8% | 80.27% |
2022 | N/A | -54.0% | 17.4% | 55.09% |
2021 | N/A | -40.0% | 54.1% | 68.94% |
2020 | N/A | -47.6% | 88.4% | 90.79% |
2019 | N/A | -20.3% | 62.6% | 17.01% |
Period | SBTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -11.5% | 45.1% | 93.88% |
1 Yr | 3.9% | -11.3% | 51.1% | 95.92% |
3 Yr | N/A* | -8.3% | 26.5% | 74.39% |
5 Yr | N/A* | -2.7% | 23.6% | 70.55% |
10 Yr | N/A* | -3.9% | 10.1% | 11.69% |
* Annualized
Period | SBTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.3% | -14.5% | 43.8% | 89.80% |
2022 | N/A | -54.0% | 50.3% | 55.09% |
2021 | N/A | -40.0% | 61.6% | 68.94% |
2020 | N/A | -29.9% | 91.0% | 90.79% |
2019 | N/A | -17.9% | 79.4% | 23.13% |
SBTCX | Category Low | Category High | SBTCX % Rank | |
---|---|---|---|---|
Net Assets | 72.7 M | 1.08 M | 6.67 B | 55.78% |
Number of Holdings | 7 | 3 | 2730 | 87.07% |
Net Assets in Top 10 | 71.7 M | -4.86 M | 2.41 B | 41.50% |
Weighting of Top 10 | 99.05% | -9.9% | 110.8% | 13.61% |
Weighting | Return Low | Return High | SBTCX % Rank | |
---|---|---|---|---|
Cash | 87.47% | 0.00% | 109.95% | 8.16% |
Stocks | 12.45% | -0.13% | 113.26% | 84.35% |
Other | 0.08% | -57.63% | 99.50% | 34.69% |
Preferred Stocks | 0.00% | -1.13% | 6.36% | 36.73% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 31.65% |
Bonds | 0.00% | 0.00% | 108.68% | 47.62% |
Weighting | Return Low | Return High | SBTCX % Rank | |
---|---|---|---|---|
Technology | 24.69% | 0.00% | 43.24% | 13.56% |
Healthcare | 14.29% | 0.00% | 100.00% | 55.93% |
Financial Services | 13.16% | 0.00% | 83.83% | 55.93% |
Consumer Cyclical | 11.22% | 0.00% | 88.83% | 32.20% |
Communication Services | 8.64% | 0.00% | 32.32% | 32.20% |
Industrials | 8.27% | 0.00% | 31.93% | 67.80% |
Consumer Defense | 7.33% | 0.00% | 19.75% | 33.90% |
Energy | 4.17% | 0.00% | 32.57% | 52.54% |
Real Estate | 2.92% | 0.00% | 10.93% | 27.97% |
Utilities | 2.87% | 0.00% | 21.71% | 25.42% |
Basic Materials | 2.44% | 0.00% | 28.58% | 58.47% |
Weighting | Return Low | Return High | SBTCX % Rank | |
---|---|---|---|---|
US | 12.45% | 0.00% | 113.26% | 81.63% |
Non US | 0.00% | -2.95% | 54.79% | 40.82% |
SBTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.95% | 0.42% | 9.95% | 18.37% |
Management Fee | 1.40% | 0.00% | 2.50% | 72.79% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 87.18% |
Administrative Fee | N/A | 0.03% | 1.54% | 64.09% |
SBTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 46.67% |
SBTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
SBTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 62.00% | 0.00% | 446.00% | 45.13% |
SBTCX | Category Low | Category High | SBTCX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.80% | 0.00% | 27.22% | 30.82% |
SBTCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
SBTCX | Category Low | Category High | SBTCX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.68% | -3.33% | 2.16% | 82.76% |
SBTCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.297 | OrdinaryDividend |
Dec 12, 2023 | $0.020 | CapitalGainShortTerm |
Dec 12, 2023 | $0.030 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
Mr. Guptill is the Founder and serves as the Co-Chief Executive Officer and Chief Investment Officer at Broadmark Asset Management. Mr. Guptill began his career in 1979 at Paine, Webber, Jackson & Curtis. In 1994 Mr. Guptill joined McKinley Capital Management, as a Senior Portfolio Manager. He later became the firm's Chief Equity Strategist. Additionally, Mr. Guptill developed, launched and co-managed the firm's highly successful alternative investment portfolios. Mr. Guptill is a graduate of California State University, Chico with a B.A. in Economics.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 5.96 | 7.93 |
Dividend Investing Ideas Center
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