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 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.5%
1 yr return
9.1%
3 Yr Avg Return
4.5%
5 Yr Avg Return
N/A
Net Assets
$97 M
Holdings in Top 10
33.9%
Expense Ratio 1.36%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Principal Investment Strategies: To achieve its investment objective, the Long/Short Opportunity Fund will invest primarily in equity securities that Easterly Investment Partners LLC (“Easterly” or the “Adviser”), the Fund’s investment adviser, believes are undervalued, selling short equity securities the Adviser believes are overvalued and selling short equity securities to hedge market risk. The Fund may also invest in options, futures contracts and options on futures contracts (collectively, “Derivative Instruments”) as a substitute for a comparable market position in the underlying equity security or to attempt to “hedge” or limit the exposure of the Fund’s position in an equity security. Long and short investments can include common and preferred stocks, convertible securities, shares of other investment companies and exchange-traded funds (“ETFs”) that invest in equity securities. With a long position, the Fund purchases a security outright, while with a short position, the Fund sells a security that it has borrowed. When the Fund sells a security short, it borrows the security from a third party and sells it at the then-current market price. The Fund is then obligated to buy the security on a later date so that it can return the security to the lender. The Fund may invest in securities of companies of any size and is not managed toward sector or industry weights. In addition to domestic securities, the Fund may have up to 25% of its net assets invested directly or indirectly in foreign securities.
In addition to equity securities, the Fund may invest up to 50% of its net assets in debt securities of varying maturities and durations, including securities issued or guaranteed as to principal and interest by the U.S. Government or its agencies, instrumentalities or sponsored entities, and including debt securities that have been rated below investment grade by a nationally recognized statistical ratings organization (“NRSRO”), commonly referred to as “junk bonds” or “high yield bonds.” However, the Fund will not purchase debt securities rated as in default by an NRSRO. The Fund invests in debt securities when it anticipates that such securities will increase in value. The Fund’s mix of long positions, including debt securities, and short positions will change over time based on the Adviser’s assessment of market conditions. In addition to direct investments in debt securities, the Fund may invest in other investment companies and ETFs that invest in debt securities.
The Adviser selects investments for the Fund using a bottom-up approach that seeks to identify companies that the Adviser believes are undervalued and are likely to experience a rebound in earnings due to an event or series of events that creates a price to earnings expansion that leads to higher stock price valuations. The Adviser generally attempts to purchase equity securities for the Fund’s portfolio after an event in which the company’s equity valuation has fallen and business conditions are unfavorable, if not at or near a cyclical bottom. This is done in conjunction with extensive research to confirm the Adviser’s opinion that a company can survive the near-term problems. While the Adviser’s analysis does not eliminate the occurrence of short-term equity valuation volatility, the Adviser believes that this process provides for a reasonable level of capital protection. The Fund’s portfolio typically consists of 30 to 60 long equity securities that are weighted according to the Adviser’s projected return expectations. In general, the Adviser may sell an investment when it reaches its target price, when the position grows too large, when the company’s financial position or outlook deteriorates, when an anticipated business catalyst for the investment does not materialize as expected, or to make room in the Fund for a more attractive investment.
Period | SNORX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -11.5% | 45.1% | 69.39% |
1 Yr | 9.1% | -11.3% | 51.1% | 57.82% |
3 Yr | 4.5%* | -8.3% | 26.5% | 36.36% |
5 Yr | N/A* | -2.7% | 23.6% | 4.79% |
10 Yr | N/A* | -3.9% | 10.1% | 3.08% |
* Annualized
Period | SNORX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.2% | -17.3% | 43.8% | 31.29% |
2022 | -9.5% | -54.0% | 17.4% | 50.00% |
2021 | N/A | -40.0% | 54.1% | N/A |
2020 | N/A | -47.6% | 88.4% | N/A |
2019 | N/A | -20.3% | 62.6% | N/A |
Period | SNORX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -11.5% | 45.1% | 69.39% |
1 Yr | 9.1% | -11.3% | 51.1% | 57.82% |
3 Yr | 4.5%* | -8.3% | 26.5% | 36.36% |
5 Yr | N/A* | -2.7% | 23.6% | 4.19% |
10 Yr | N/A* | -3.9% | 10.1% | 3.08% |
* Annualized
Period | SNORX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.8% | -14.5% | 43.8% | 40.82% |
2022 | -3.1% | -54.0% | 50.3% | 34.09% |
2021 | N/A | -40.0% | 61.6% | N/A |
2020 | N/A | -29.9% | 91.0% | N/A |
2019 | N/A | -17.9% | 79.4% | N/A |
SNORX | Category Low | Category High | SNORX % Rank | |
---|---|---|---|---|
Net Assets | 97 M | 1.08 M | 6.67 B | 50.34% |
Number of Holdings | 112 | 3 | 2730 | 46.94% |
Net Assets in Top 10 | 31.4 M | -4.86 M | 2.41 B | 67.35% |
Weighting of Top 10 | 33.94% | -9.9% | 110.8% | 78.91% |
Weighting | Return Low | Return High | SNORX % Rank | |
---|---|---|---|---|
Stocks | 75.34% | -0.13% | 113.26% | 36.73% |
Cash | 22.97% | 0.00% | 109.95% | 53.06% |
Bonds | 3.02% | 0.00% | 108.68% | 25.85% |
Preferred Stocks | 0.00% | -1.13% | 6.36% | 45.58% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 39.57% |
Other | -1.33% | -57.63% | 99.50% | 87.76% |
Weighting | Return Low | Return High | SNORX % Rank | |
---|---|---|---|---|
Financial Services | 23.53% | 0.00% | 83.83% | 11.86% |
Healthcare | 17.39% | 0.00% | 100.00% | 27.97% |
Consumer Cyclical | 14.61% | 0.00% | 88.83% | 16.95% |
Industrials | 12.77% | 0.00% | 31.93% | 37.29% |
Energy | 11.35% | 0.00% | 32.57% | 11.02% |
Technology | 8.18% | 0.00% | 43.24% | 88.14% |
Basic Materials | 5.94% | 0.00% | 28.58% | 16.95% |
Communication Services | 2.38% | 0.00% | 32.32% | 89.83% |
Utilities | 2.00% | 0.00% | 21.71% | 48.31% |
Consumer Defense | 1.85% | 0.00% | 19.75% | 86.44% |
Real Estate | 0.00% | 0.00% | 10.93% | 87.29% |
Weighting | Return Low | Return High | SNORX % Rank | |
---|---|---|---|---|
US | 75.34% | 0.00% | 113.26% | 29.25% |
Non US | 0.00% | -2.95% | 54.79% | 51.70% |
Weighting | Return Low | Return High | SNORX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 2.98% | -0.01% | 86.52% | 69.39% |
Securitized | 0.00% | 0.00% | 13.59% | 42.75% |
Corporate | 0.00% | 0.00% | 79.13% | 47.10% |
Municipal | 0.00% | 0.00% | 0.07% | 40.58% |
Government | 0.00% | 0.00% | 58.54% | 57.97% |
Derivative | -1.33% | -57.63% | 99.49% | 87.76% |
Weighting | Return Low | Return High | SNORX % Rank | |
---|---|---|---|---|
US | 3.02% | 0.00% | 95.89% | 25.85% |
Non US | 0.00% | 0.00% | 12.79% | 38.78% |
SNORX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.36% | 0.42% | 9.95% | 90.48% |
Management Fee | 0.80% | 0.00% | 2.50% | 18.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 1.54% | N/A |
SNORX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
SNORX 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.
SNORX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 446.00% | 44.52% |
SNORX | Category Low | Category High | SNORX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.95% | 0.00% | 27.22% | 39.73% |
SNORX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
SNORX | Category Low | Category High | SNORX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.05% | -3.33% | 2.16% | 3.45% |
SNORX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 07, 2023 | $0.698 | OrdinaryDividend |
Dec 07, 2023 | $0.046 | CapitalGainShortTerm |
Dec 23, 2022 | $2.124 | OrdinaryDividend |
Dec 27, 2021 | $0.426 | OrdinaryDividend |
Dec 27, 2021 | $0.886 | CapitalGainShortTerm |
Dec 27, 2021 | $1.670 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Oct 01, 2014
7.67
7.7%
Jessica W. Bemer, CFA, is a Portfolio Manager and Principal at SCM. Ms. Bemer joined Snow Capital in 2006 as a Senior Analyst. In 2014, she was appointed a Portfolio Manager of the Snow Capital Investment Partners L.P. Prior to joining the firm, she worked at Jennison Associates, an institutional asset management firm based in New York, where she served as a member of the equity research team. Jessica was responsible for research coverage of the companies in the consumer discretionary and consumer staples sectors. Jessica is a graduate of Georgetown University. She is a Chartered Financial Analyst and member of the CFA Institute.
Start Date
Tenure
Tenure Rank
Sep 30, 2016
5.67
5.7%
Anne Wickland joined Snow Capital in 2006 as a Senior Analyst. In 2010, she was appointed a Portfolio Manager of the Small Cap Value portfolio. Prior to joining the firm, she worked at Prudential Equity Group, Credit Suisse and J.P. Morgan where she was responsible for research coverage in the specialty hardlines retail, household and personal care sectors. She is a graduate of Davidson College where she earned a B.A. degree. Anne received her MBA from the NYU Stern School of Business. She is a Chartered Financial Analyst and member of the CFA Institute.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 5.96 | 7.93 |
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