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 07/06/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
0.8%
1 yr return
12.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$N/A
Holdings in Top 10
29.5%
Expense Ratio 1.62%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
N/A
Fund Type
Closed-end mutual fund
Name
As of 07/06/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
| Period | SPEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -34.4% | 25.8% | 39.45% |
| 1 Yr | 12.9% | -43.4% | 54.3% | 16.86% |
| 3 Yr | N/A* | -15.5% | 11.8% | N/A |
| 5 Yr | N/A* | -17.0% | 14.5% | N/A |
| 10 Yr | N/A* | -1.6% | 12.9% | N/A |
* Annualized
| Period | SPEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 0.2% | -49.2% | 314.3% | 63.51% |
| 2024 | -4.2% | -35.1% | 15.3% | 97.92% |
| 2023 | N/A | -48.0% | 3.4% | N/A |
| 2022 | N/A | -14.8% | 11.2% | N/A |
| 2021 | N/A | -11.2% | 10.7% | N/A |
| Period | SPEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -34.4% | 25.0% | 39.45% |
| 1 Yr | 12.9% | -46.7% | 54.3% | 15.87% |
| 3 Yr | N/A* | -17.1% | 13.4% | N/A |
| 5 Yr | N/A* | -18.0% | 14.5% | N/A |
| 10 Yr | N/A* | -1.6% | 12.9% | N/A |
* Annualized
| Period | SPEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 0.2% | -49.2% | 314.3% | 63.51% |
| 2024 | -4.2% | -35.1% | 15.3% | 98.22% |
| 2023 | N/A | -48.0% | 8.0% | N/A |
| 2022 | N/A | -14.8% | 15.2% | N/A |
| 2021 | N/A | -11.2% | 17.7% | N/A |
| SPEYX | Category Low | Category High | SPEYX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 10 | 140 B | N/A |
| Number of Holdings | 61 | 3 | 8055 | 80.93% |
| Net Assets in Top 10 | 2.79 M | -3.15 B | 5.97 B | 87.33% |
| Weighting of Top 10 | 29.51% | 4.2% | 100.0% | 52.94% |
| Weighting | Return Low | Return High | SPEYX % Rank | |
|---|---|---|---|---|
| Bonds | 91.38% | -146.87% | 302.14% | 34.19% |
| Cash | 6.43% | -210.92% | 259.83% | 47.48% |
| Convertible Bonds | 2.18% | 0.00% | 206.37% | 43.17% |
| Stocks | 0.00% | -84.00% | 184.68% | 77.00% |
| Preferred Stocks | 0.00% | 0.00% | 31.40% | 62.85% |
| Other | 0.00% | -45.66% | 106.30% | 47.11% |
| Weighting | Return Low | Return High | SPEYX % Rank | |
|---|---|---|---|---|
| Corporate | 93.57% | 0.00% | 100.00% | 2.21% |
| Cash & Equivalents | 6.43% | 0.00% | 100.00% | 57.81% |
| Derivative | 0.00% | 0.00% | 67.54% | 67.53% |
| Securitized | 0.00% | 0.00% | 98.23% | 93.23% |
| Municipal | 0.00% | 0.00% | 55.87% | 50.31% |
| Government | 0.00% | 0.00% | 99.63% | 90.90% |
| Weighting | Return Low | Return High | SPEYX % Rank | |
|---|---|---|---|---|
| US | 83.00% | -147.15% | 292.53% | 12.55% |
| Non US | 8.38% | -225.98% | 105.85% | 83.15% |
| SPEYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.62% | 0.02% | 5.53% | 29.71% |
| Management Fee | 1.20% | 0.00% | 2.25% | 88.53% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.80% |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
| SPEYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| SPEYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.40% | 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.
| SPEYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 498.00% | N/A |
| SPEYX | Category Low | Category High | SPEYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.35% | 29.10% |
| SPEYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
| SPEYX | Category Low | Category High | SPEYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.28% | 11.44% | N/A |
| SPEYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| Date | Amount | Type |
|---|---|---|
| Apr 01, 2019 | $0.034 | |
| Mar 01, 2019 | $0.049 | |
| Feb 01, 2019 | $0.043 | |
| Jan 02, 2019 | $0.059 | |
| Dec 03, 2018 | $0.046 |
Start Date
Tenure
Tenure Rank
Jul 02, 2018
3.0
3.0%
Mr. Joel Beam serves as Managing Director & Senior Portfolio Manager, Real Estate at Salient Partners. He is a seasoned investment professional with over 20 years of experience in real estate securities research and investment management. He is nationally recognized for his experience in managing preferred and senior securities. Previously, Joel was a partner and portfolio manager at Kensington Investment Group, Inc. and a member of the firm's executive committee. He joined Kensington in 1995 as a senior analyst and began managing portfolios in 1997. In 2009, Kensington was acquired by forwarding Management, and subsequently in 2015, Salient acquired Forward. Joel previously worked at Liquidity Financial Advisors, where he valued and priced real estate limited partnership and institutional securities and their underlying properties. Joel holds a bachelor of arts (with honors) from the University of California, Berkeley.
Start Date
Tenure
Tenure Rank
Jul 02, 2018
3.0
3.0%
Rick Richert is a Portfolio Manager at Sound Point. Mr. Richert has been at Sound Point since May 2011. Prior to joining Sound Point, Mr. Richert was a Principal in the CLO group at American Capital (“ACAS”) where for 4 years he served as a senior member of a team managing in bank loan assets. His primary role was managing the cash flow CLO and directly covered over 40 names in the Aerospace & Defense, Building Materials, Chemical, Electronics, Metals & Mining and Oil & Gas industries. Prior to ACAS, Mr. Richert was a Senior Credit Analyst at Sanno Point Capital Management, a credit-focused hedge fund, where he covered Home Builders, Metals & Mining, TMT, and Drug Store Retailers. Previously, he was a Director in the Bank Loan Unit at MetLife, where he worked for 10 years. At MetLife, Mr. Richert managed a portfolio of leveraged loans and directly covered over 40 names across many industries. Mr. Richert earned his M.B.A. in Finance from the University of Michigan and his B.B.A. in Accounting from Southern College. He is a Chartered Financial Analyst charterholder and is a Certified Public Accountant.
Start Date
Tenure
Tenure Rank
Jul 02, 2018
3.0
3.0%
Mr. Garrick Stannard serves as Portfolio Manager at Sound Point Capital Management. Prior to joining Sound Point, Mr. Stannard spent 6 years as a senior distressed and special situations analyst at Aristeia Capital, a credit opportunities hedge fund with over $4 billion of assets under management. Prior to Aristeia, Mr. Stannard was a senior analyst at Novator Partners and Context Capital Management. He began his career in the Investment Banking Group at Deutsche Bank, where he spent over 7 years in the Project & Structured Finance, Restructuring and Mergers & Acquisitions groups. Mr. Stannard holds a B.A. degree in Economics from Colgate University.
Start Date
Tenure
Tenure Rank
Jan 25, 2019
2.43
2.4%
Joe Xu is Portfolio Manager and Senior Credit Analyst. Mr. Xu joined Sound Point in 2014 as a credit analyst. He currently serves as Portfolio Manager on the firm’s U.S. Floating Rate Fund Investment Committee and Senior Credit Analyst covering the Technology sector. Prior to joining Sound Point, Mr. Xu spent over 3 years as a credit analyst with Ares Management, where he evaluated leveraged loan opportunities in the Business Services, Consumer, Industrial, Media and Technology sectors. Prior to Ares, Mr. Xu evaluated, structured and executed private equity and mezzanine debt investments for Veronis Suhler Stevenson, a middle market private equity and specialty finance firm. Mr. Xu began his career as an investment banking analyst with William Blair & Company and graduated cum laude from the University of Illinois at Urbana-Champaign with a B.S. in Accounting.
Start Date
Tenure
Tenure Rank
May 11, 2020
1.14
1.1%
Brian McHugh is a Portfolio Manager at Sound Point. Mr. McHugh joined Sound Point in 2018. He currently serves as Portfolio Manager on the firm’s U.S. Floating Rate Fund Investment Committee, Risk Committee and CLO Risk Committee. Prior to joining Sound Point, Mr. McHugh spent 12 years at Halcyon Capital Management, where he focused primarily on investments in the Healthcare sector. Prior to Halcyon, Mr. McHugh spent approximately 7 years at Prudential Financial, where he was a Credit Analyst. Mr. McHugh earned a B.S. in Finance from the University of Delaware.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 27.52 | 5.54 | 2.28 |
Dividend Investing Ideas Center
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