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Trending ETFs

Investment Quality Bond Portfolio

mutual fund
SQBCX
Payout Change
Suspended
Price as of:
$9.02 -0.01 -0.11%
primary theme
U.S. Short-Term Bond Duration
SQBCX (Mutual Fund)

Investment Quality Bond Portfolio

Payout Change
Suspended
Price as of:
$9.02 -0.01 -0.11%
primary theme
U.S. Short-Term Bond Duration
SQBCX (Mutual Fund)

Investment Quality Bond Portfolio

Payout Change
Suspended
Price as of:
$9.02 -0.01 -0.11%
primary theme
U.S. Short-Term Bond Duration

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.02

$10.9 M

0.00%

2.68%

Vitals

YTD Return

-0.8%

1 yr return

1.4%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

-0.5%

Net Assets

$10.9 M

Holdings in Top 10

100.1%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.68%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 62.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.02

$10.9 M

0.00%

2.68%

SQBCX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Investment Quality Bond Portfolio
  • Fund Family Name
    Saratoga Advantage Trust
  • Inception Date
    Feb 11, 1999
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Ventimiglia

Fund Description

The Portfolio is a “fund of funds.” The Portfolio’s main investment strategy is to invest in unaffiliated registered investment companies and exchange-traded funds (“ETFs”) (the “Underlying Funds”).

The Portfolio will normally invest at least 80% of its total assets in Underlying Funds which invest in investment grade fixed-income securities or mortgage pass-through securities rated within the four highest grades by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Corporation (“S&P”) or Fitch Inc. (“Fitch”) or, if not rated, securities considered by an Underlying Fund’s adviser to be of comparable quality. In deciding which Underlying Funds to buy, hold or sell in pursuing the Portfolio’s investment objective, the Manager considers economic developments, interest rate trends and performance history of an Underlying Fund’s management team, among other factors. The average maturity of the securities held by an Underlying Fund will generally range from three to ten years. Mortgage pass-through securities are mortgage-backed securities that represent a participation interest in a pool of residential mortgage loans originated by the United States government or private lenders such as banks.

They differ from conventional debt securities, which provide for periodic payment of interest in fixed amounts and principal payments at maturity or on specified call dates. Mortgage pass-through securities provide for monthly payments that are a “pass-through” of the monthly interest and principal payments made by the individual borrowers on the pooled mortgage loans.

An Underlying Fund may invest in mortgage pass-through securities that are issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac. Ginnie Mae securities are backed by the full faith and credit of the United States government. Fannie Mae and Freddie Mac securities are not backed by the full faith and credit of the United States government, but they have the right to borrow from the U.S. Department of the Treasury (the “Treasury”) to meet their obligations, although the Treasury is not legally required to extend credit to the agencies/instrumentalities.

Private mortgage pass-through securities also can be Underlying Fund investments. They are issued by private originators of and investors in mortgage loans, including savings and loan associations and mortgage banks. Since private mortgage pass-through securities typically are not guaranteed by an entity having the credit status of a U.S. government agency, the securities generally are structured with one or more type of credit enhancement.

In addition, the Portfolio may invest up to 5% of its net assets in Underlying Funds that invest in fixed-income securities of any grade, including those that are rated lower than investment grade at the time of purchase, commonly known as “junk bonds.”

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SQBCX - Performance

Return Ranking - Trailing

Period SQBCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -0.8% 12.9% 99.63%
1 Yr 1.4% 1.2% 22.6% 99.25%
3 Yr -1.4%* -6.0% 4.4% 96.56%
5 Yr -0.5%* -4.1% 4.7% 99.59%
10 Yr -0.3%* -19.2% 169.9% 99.71%

* Annualized

Return Ranking - Calendar

Period SQBCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -1.6% 7.6% 71.72%
2022 -3.5% -17.7% -2.6% 1.14%
2021 -4.0% -4.0% 4.4% 100.00%
2020 2.2% -7.1% 7.6% 37.63%
2019 2.6% -2.3% 9.3% 25.16%

Total Return Ranking - Trailing

Period SQBCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -0.8% 12.9% 99.63%
1 Yr 1.4% 1.2% 22.6% 99.25%
3 Yr -1.4%* -6.0% 4.4% 96.56%
5 Yr -0.5%* -4.1% 4.7% 99.59%
10 Yr -0.3%* -19.2% 169.9% 99.71%

* Annualized

Total Return Ranking - Calendar

Period SQBCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% 1.8% 15.2% 100.00%
2022 -3.5% -17.3% -1.3% 14.29%
2021 -2.7% -2.7% 7.7% 100.00%
2020 2.4% -2.4% 14.5% 94.57%
2019 2.8% 0.6% 12.6% 96.88%

NAV & Total Return History


SQBCX - Holdings

Concentration Analysis

SQBCX Category Low Category High SQBCX % Rank
Net Assets 10.9 M 14.5 K 57.3 B 97.20%
Number of Holdings 3 2 9251 95.71%
Net Assets in Top 10 10.9 M 993 K 6.33 B 93.84%
Weighting of Top 10 100.07% 2.1% 103.0% 0.75%

Top 10 Holdings

  1. VANG-IN B I-ADM 64.17%
  2. VAN-ST BD I-ADM 30.16%
  3. DREYFUS-INS-IS 5.74%

Asset Allocation

Weighting Return Low Return High SQBCX % Rank
Stocks
94.33% 0.00% 99.97% 5.97%
Cash
5.74% -20.59% 55.85% 27.61%
Convertible Bonds
4.22% 0.00% 27.71% 25.42%
Preferred Stocks
0.00% 0.00% 22.27% 47.39%
Other
0.00% -0.97% 69.02% 84.14%
Bonds
0.00% 0.00% 131.18% 95.71%

Stock Sector Breakdown

Weighting Return Low Return High SQBCX % Rank
Utilities
0.00% 0.00% 81.48% 44.12%
Technology
0.00% 0.00% 24.45% 27.94%
Real Estate
0.00% 0.00% 8.31% 47.79%
Industrials
0.00% 0.00% 100.00% 51.47%
Healthcare
0.00% 0.00% 23.11% 52.94%
Financial Services
0.00% 0.00% 100.00% 2.21%
Energy
0.00% 0.00% 100.00% 71.32%
Communication Services
0.00% 0.00% 65.64% 50.74%
Consumer Defense
0.00% 0.00% 21.37% 33.82%
Consumer Cyclical
0.00% 0.00% 10.75% 47.06%
Basic Materials
0.00% 0.00% 22.71% 52.21%

Stock Geographic Breakdown

Weighting Return Low Return High SQBCX % Rank
US
94.33% 0.00% 99.97% 5.97%
Non US
0.00% 0.00% 0.01% 45.90%

SQBCX - Expenses

Operational Fees

SQBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.68% 0.01% 3.24% 0.94%
Management Fee 0.55% 0.00% 1.19% 91.98%
12b-1 Fee 1.00% 0.00% 1.00% 89.13%
Administrative Fee N/A 0.01% 0.41% 71.09%

Sales Fees

SQBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.50% 4.00% 35.09%

Trading Fees

SQBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 7.04%

Related Fees

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.

SQBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 2.00% 500.00% 39.79%

SQBCX - Distributions

Dividend Yield Analysis

SQBCX Category Low Category High SQBCX % Rank
Dividend Yield 0.00% 0.00% 11.11% 99.63%

Dividend Distribution Analysis

SQBCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SQBCX Category Low Category High SQBCX % Rank
Net Income Ratio -1.27% -1.27% 4.98% 100.00%

Capital Gain Distribution Analysis

SQBCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SQBCX - Fund Manager Analysis

Managers

Stephen Ventimiglia


Start Date

Tenure

Tenure Rank

Mar 05, 2018

4.24

4.2%

Stephen Ventimiglia is Saratoga Capital Management, LLC's Chief Investment Officer. Prior to co-founding Saratoga, Mr. Ventimiglia served as Chairman, President and Chief Executive Officer of a money management firm that was nationally recognized for its asset allocation work. In addition, he was the Chairman of that firm’s Investment Policy Committee. His work was distinguished in a study by USA Today that ranked his company as the number one investment advisory firm in the nation amongst asset allocation firms. Mr. Ventimiglia also managed money for clients at E.F. Hutton & Co. and Prudential Securities. At Prudential Securities, his last firm prior to joining Saratoga, he served as a Senior Portfolio Manager and First Vice President. His investment advice and asset allocation work was displayed on Prudential Securities’ national communications system for use by the firm’s portfolio managers and brokers.

Jonathan Ventimiglia


Start Date

Tenure

Tenure Rank

Mar 05, 2018

4.24

4.2%

Mr. Ventimiglia is the Chief Financial Officer and Chief Compliance Officer for Saratoga Capital Management, LLC (“Saratoga”). Mr. Ventimiglia joined Saratoga full-time in September of 2005. Prior to joining Saratoga full-time, Mr. Ventimiglia interned for the company, working in the sales, marketing, operations and fulfillment departments. Currently, Mr. Ventimiglia helps lead the firm’s sales and marketing, distribution, financial oversight, compliance, and portfolio management functions. He was responsible for developing Saratoga’s economic research reports and managed the build-out of the most recent version of the firm’s asset allocation software, SaratogaSHARP©. In addition to performing his services for Saratoga, Mr. Ventimiglia provided consulting services to BALCONY (the Business & Labor Coalition of New York) from 2006 to 2011. Mr. Ventimiglia received his B.A. from Wesleyan University in Middletown, CT, where he was a member of the varsity baseball team and Psi Upsilon Fraternity.

Bruce Ventimiglia


Start Date

Tenure

Tenure Rank

Mar 05, 2018

4.24

4.2%

Mr. Ventimiglia is the Chairman, President and Chief Executive Officer of Saratoga Capital Management, LLC and the Saratoga Advantage Trust. He established both of these entities in 1994. Prior to forming Saratoga Capital Management, LLC, Mr. Ventimiglia was a Senior Vice President of Prudential Securities Incorporated. He was also a member of the firm's Operating Council (one of the firm's three governing bodies) and the Service Advisory Council. In addition, Mr. Ventimiglia was previously National Director of Financial Services for Prudential Securities. The Financial Services Group that reported to Mr. Ventimiglia was responsible for approximately 70% of Prudential's retail client statement assets, and included the following departments: Administration, Corporate Executive Services, Financial Planning and Investment Allocation Strategies, Investment Management Services, Retirement Plan Services, Sales and Marketing, and Training. Mr. Ventimiglia joined Prudential Securities in 1987 as one of the nation's leading financial advisors and served as the founding branch manager of the West Bloomfield, Michigan office. In addition, Mr. Ventimiglia was a member of the Prudential Securities Field Managers' Advisory Council. Prior to that, he was with E.F. Hutton for nine years where he held various local and regional sales and management positions, and was a leading financial advisor. In addition, Mr. Ventimiglia served as the Investment Consultant to the American Medical Association (the “AMA”) for eight years. As the AMA’s Investment Consultant, Mr. Ventimiglia assisted the AMA in preparing its investment policy statements, developed investment guidelines for the AMA containing asset allocation recommendations, assisted the AMA in the selection of asset classes and portfolio managers to manage the AMA’s assets, and monitored the AMA’s accounts. Mr. Ventimiglia has also worked with an extensive range of institutional accounts, including State, City, Police and Fire, Taft-Hartley, 401(k), and 403(b) accounts. Mr. Ventimiglia previously acted as one of two co-chairs of BALCONY (the Business and Labor Coalition of New York), he is a member emeritus of the Yale Eye Center Advisory Board, and also served as one of the five members of ARP’s National Policy Committee on Social Security. Mr. Ventimiglia received a B.A. degree and graduated Phi Beta Kappa with High Distinction from Wayne State University. He has been quoted or featured in a variety of publications including: Changing Times, Forbes, Fortune, Institutional Investor, Newsday, The Washington Post, and The Wall Street Journal. In addition, he has appeared on numerous television and radio shows, and has been a featured speaker at Harvard University and the University of California as well as various industry associations and conference organizations including the Investment Company Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41