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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 12/13/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-2.8%
1 yr return
0.2%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
3.5%
Net Assets
$3.32 B
Holdings in Top 10
30.8%
Expense Ratio 0.96%
Front Load N/A
Deferred Load N/A
Turnover 47.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$1,000
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in dividend-paying common stocks, preferred stocks, warrants, convertible securities, and debt obligations of foreign companies (which the Fund regards as companies located outside the U.S.), foreign governments and their agencies. For this purpose, the debt obligations in which the Fund may invest include corporate, government, agency, and convertible bonds.
The Fund seeks to offer investors a relatively stable means of participating in a portion of developing countries’ growth prospects, while providing some downside protection, in comparison to a portfolio that invests only in the common stocks of developing countries. The strategy of owning dividend-paying equities and convertible bonds is intended to help the Fund meet its investment objective while reducing the volatility of the portfolio’s returns.
The Fund can invest without constraint in the securities of companies located in developing countries and territories. The Fund’s investment adviser, Seafarer Capital Partners, LLC (“Seafarer” or the “Adviser”), considers that most nations in Africa, East and South Asia, Emerging Europe, Central and South America (“Latin America”), and the Middle East are developing countries.
Seafarer identifies developing countries based on its own analysis and measure of industrialization, economic growth, per capita income, and other factors; it may also consider classifications produced by the World Bank, the International Finance Corporation, the United Nations, and private financial services firms such as Bloomberg, Morningstar, FTSE, and MSCI. The Adviser believes most classification schemes classify developing countries as within emerging markets, although the specific countries within such category may vary.
The Fund may also invest in the securities of companies located in selected foreign developed nations and territories, which in the Adviser’s opinion have significant economic and financial linkages to developing countries. Currently, these nations and territories include Australia, Hong Kong, Ireland, Israel, Japan, New Zealand, Singapore, and the United Kingdom.
The Adviser determines a company’s location based on a number of factors. A company is generally regarded by the Adviser as being located in a particular country if the company: (i) is organized under the laws of, maintains its principal place of business in, or has, as its principal trading market for the company’s securities, the particular country; or (ii) derives 50% or more of its total revenue or profit from either goods or services produced or sales made in the particular country; or (iii) has more than 50% of its assets in the particular country.
Exposure to foreign companies through the Fund’s investments in depositary receipts will be included in the Fund’s percentage of total assets invested in foreign securities. The Fund may invest in foreign securities denominated in foreign currencies, may hold foreign currencies for the purpose of settling transactions for securities denominated in foreign currencies, and may receive dividends and interest income denominated in foreign currencies.
The Fund may typically invest in convertible securities and debt obligations of any quality or duration. Such debt obligations may include, but are not limited to, investments in below investment grade debt, also known as “junk bonds.” The Fund may allocate among equity and debt investments without limitation.
The Fund may invest in companies of any size or capitalization, including smaller companies. The Fund generally invests in companies with market capitalizations of $250 million or more at the time of
purchase. The securities of certain issuers may from time to time constitute more than five percent (5%) of the Fund’s net assets.
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.8% | -11.8% | 40.0% | 98.85% |
1 Yr | 0.2% | -8.7% | 41.1% | 98.42% |
3 Yr | -0.8%* | -11.5% | 11.1% | 41.99% |
5 Yr | 3.5%* | -5.3% | 12.2% | 40.75% |
10 Yr | 4.4%* | -1.2% | 7.0% | 39.29% |
* Annualized
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -6.5% | 35.5% | 25.11% |
2022 | -14.4% | -50.1% | -2.4% | 3.39% |
2021 | -10.1% | -33.1% | 22.5% | 72.54% |
2020 | 19.2% | -22.1% | 80.1% | 39.64% |
2019 | 19.8% | -0.7% | 42.0% | 42.74% |
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.8% | -11.8% | 40.0% | 98.85% |
1 Yr | 0.2% | -8.7% | 41.1% | 98.42% |
3 Yr | -0.8%* | -11.5% | 11.1% | 41.99% |
5 Yr | 3.5%* | -5.3% | 12.2% | 40.75% |
10 Yr | 4.4%* | -1.2% | 7.0% | 39.29% |
* Annualized
Period | SFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.2% | -1.0% | 42.0% | 27.96% |
2022 | -11.8% | -42.2% | 1.9% | 4.42% |
2021 | -2.4% | -32.5% | 33.1% | 56.47% |
2020 | 22.2% | -20.0% | 81.6% | 36.38% |
2019 | 21.1% | 2.3% | 42.0% | 50.00% |
SFGIX | Category Low | Category High | SFGIX % Rank | |
---|---|---|---|---|
Net Assets | 3.32 B | 682 K | 103 B | 18.23% |
Number of Holdings | 53 | 2 | 7534 | 87.04% |
Net Assets in Top 10 | 1.04 B | 290 K | 23.8 B | 19.80% |
Weighting of Top 10 | 30.80% | 2.9% | 101.1% | 63.20% |
Weighting | Return Low | Return High | SFGIX % Rank | |
---|---|---|---|---|
Stocks | 95.48% | 0.00% | 103.28% | 74.50% |
Preferred Stocks | 2.89% | 0.00% | 13.31% | 12.11% |
Cash | 1.64% | -2.03% | 100.35% | 53.42% |
Other | 0.00% | -1.11% | 39.53% | 53.13% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 35.58% |
Bonds | 0.00% | 0.00% | 95.13% | 40.17% |
Weighting | Return Low | Return High | SFGIX % Rank | |
---|---|---|---|---|
Technology | 20.25% | 0.00% | 47.50% | 66.67% |
Consumer Defense | 17.24% | 0.00% | 25.90% | 3.32% |
Financial Services | 13.64% | 0.00% | 48.86% | 91.49% |
Healthcare | 12.91% | 0.00% | 16.53% | 4.91% |
Consumer Cyclical | 10.59% | 0.00% | 48.94% | 72.87% |
Industrials | 8.95% | 0.00% | 43.53% | 21.65% |
Communication Services | 7.75% | 0.00% | 39.29% | 64.79% |
Real Estate | 2.64% | 0.00% | 17.15% | 23.67% |
Energy | 2.46% | 0.00% | 24.80% | 74.75% |
Basic Materials | 1.85% | 0.00% | 30.03% | 93.80% |
Utilities | 1.72% | 0.00% | 39.12% | 42.86% |
Weighting | Return Low | Return High | SFGIX % Rank | |
---|---|---|---|---|
Non US | 82.48% | 0.00% | 100.52% | 63.53% |
US | 13.00% | 0.00% | 100.95% | 38.89% |
SFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.96% | 0.03% | 29.98% | 76.86% |
Management Fee | 0.73% | 0.00% | 2.00% | 24.39% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | N/A |
SFGIX 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 |
SFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 4.55% |
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.
SFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 47.00% | 0.00% | 189.00% | 51.85% |
SFGIX | Category Low | Category High | SFGIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.12% | 0.00% | 9.74% | 40.46% |
SFGIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | Annual |
SFGIX | Category Low | Category High | SFGIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.35% | -1.98% | 17.62% | 31.95% |
SFGIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.083 | OrdinaryDividend |
Jun 29, 2023 | $0.176 | OrdinaryDividend |
Dec 15, 2022 | $0.214 | OrdinaryDividend |
Jun 30, 2022 | $0.115 | OrdinaryDividend |
Dec 09, 2021 | $0.950 | OrdinaryDividend |
Jun 24, 2021 | $0.211 | OrdinaryDividend |
Dec 10, 2020 | $0.257 | OrdinaryDividend |
Jun 25, 2020 | $0.070 | OrdinaryDividend |
Dec 12, 2019 | $0.126 | OrdinaryDividend |
Dec 13, 2018 | $0.784 | CapitalGainLongTerm |
Jun 21, 2018 | $0.112 | OrdinaryDividend |
Dec 14, 2017 | $0.250 | OrdinaryDividend |
Dec 14, 2017 | $0.029 | CapitalGainLongTerm |
Jun 22, 2017 | $0.105 | OrdinaryDividend |
Dec 15, 2016 | $0.104 | OrdinaryDividend |
Jun 23, 2016 | $0.087 | OrdinaryDividend |
Dec 15, 2015 | $0.051 | OrdinaryDividend |
Dec 15, 2015 | $0.025 | CapitalGainLongTerm |
Jun 23, 2015 | $0.059 | OrdinaryDividend |
Dec 09, 2014 | $0.122 | OrdinaryDividend |
Dec 09, 2014 | $0.032 | CapitalGainShortTerm |
Dec 09, 2014 | $0.117 | CapitalGainLongTerm |
Jun 25, 2014 | $0.072 | OrdinaryDividend |
Dec 11, 2013 | $0.045 | OrdinaryDividend |
Dec 11, 2013 | $0.256 | CapitalGainShortTerm |
Dec 11, 2013 | $0.091 | CapitalGainLongTerm |
Jun 27, 2013 | $0.145 | OrdinaryDividend |
Dec 12, 2012 | $0.060 | OrdinaryDividend |
Dec 12, 2012 | $0.001 | CapitalGainShortTerm |
Jun 28, 2012 | $0.050 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Feb 15, 2012
10.3
10.3%
Andrew Foster is the Lead Portfolio Manager of the Seafarer Overseas Growth and Income Fund, and has been so since its inception in February 2012. He is the Co-Portfolio Manager of the Seafarer Overseas Value Fund, and has been so since its inception in May 2016. He is also the Chief Executive Officer and Chief Investment Officer of Seafarer Capital Partners, LLC, investment adviser to the Funds.
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
Before joining Seafarer Capital Partners in 2014, Mr. Espinosa was a London-based equity research analyst at Legg Mason, where he focused on global emerging markets. Prior to joining Legg Mason, Mr. Espinosa performed the same function with the same team at Citigroup Asset Management. His previous experience includes equity research at J.P. Morgan Investment Management. Mr. Espinosa holds an A.B. in Economics with Honors from Brown University. He is a Chartered Financial Analyst.
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
Before joining Seafarer Capital Partners in 2011, Ms. Jaquet was a buy-side high yield research analyst at Seneca Capital Management, LLC. Prior to joining Seneca, she was a sell-side emerging market research analyst at Credit Suisse First Boston. Ms. Jaquet began her career as an economic policy researcher for the Adam Smith Institute in London in 1995. Ms. Jaquet holds a B.Sc. with Honors in Economics and Government and a M.Sc. in Economics and Public Policy, both from the London School of Economics.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.67 | 13.42 |
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