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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 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$31.19
$36.6 M
1.83%
$0.58
0.77%
YTD Return
24.5%
1 yr return
26.8%
3 Yr Avg Return
11.0%
5 Yr Avg Return
11.7%
Net Assets
$36.6 M
Holdings in Top 10
21.1%
Expense Ratio 0.77%
Front Load N/A
Deferred Load N/A
Turnover 122.64%
Redemption Fee N/A
Standard (Taxable)
$10,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$31.19
$36.6 M
1.83%
$0.58
0.77%
To pursue its investment objective, the Fund invests, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in the equity securities of large companies. Large companies are defined as companies with market capitalizations within the range of those companies in the Standard & Poor’s 500® Index (“S&P 500® Index”) at the time of purchase. As of December 31, 2023, the smallest company in the S&P 500® Index had a market capitalization of $6 billion and the largest company had a market capitalization of $3 trillion. Under normal market conditions, the Fund primarily invests in U.S. traded equity securities. The term “U.S. traded equity securities” refers to domestically traded U.S. common stocks (including securities of real estate investment trusts (“REITs”) and exchange-traded funds (“ETFs”)) and U.S. traded equity stocks of foreign companies. The Fund may invest in securities of middle capitalization companies.
Sterling Capital applies “behavioral finance” principles in the construction of the Fund’s portfolio. Behavioral finance theorizes that investment decisions are often influenced by biases, heuristics (i.e., experienced-based techniques for decision making) and emotion, and that investors can be predictable (and, at times, irrational) in their decision making. These emotionally charged investment decisions can lead to stock price anomalies that create opportunities in the marketplace. Sterling Capital seeks to capitalize on these behaviorally driven market anomalies by employing a disciplined investment process. In implementing behavioral finance principles, Sterling Capital ranks companies in the Fund’s investment universe based on a number of factors that it believes can be indicators of under- or over-valuation of a security by the market, such as valuation (e.g., seeking to invest in companies that Sterling Capital believes are undervalued), price momentum (e.g., identifying securities that Sterling Capital believes will experience sustained positive price momentum) and earnings revisions (e.g., identifying and capitalizing on what Sterling Capital believes are under-reactions by the market to positive earnings revisions). Sterling Capital also takes into account such factors as market capitalization, country exposure, and sector exposure to construct a diversified portfolio. Sterling Capital considers selling a security when the security’s ranking becomes less attractive and/or in light of liquidity, sector exposure, country exposure or diversification considerations.
Period | STRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.5% | -12.3% | 48.1% | 6.84% |
1 Yr | 26.8% | -7.1% | 60.7% | 8.05% |
3 Yr | 11.0%* | -4.2% | 31.7% | 15.48% |
5 Yr | 11.7%* | 0.1% | 45.6% | 25.03% |
10 Yr | N/A* | 1.8% | 25.4% | 74.93% |
* Annualized
Period | STRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.5% | -16.9% | 46.1% | 25.68% |
2022 | -7.2% | -64.7% | 4.6% | 19.37% |
2021 | 30.7% | -44.2% | 57.5% | 3.33% |
2020 | -5.0% | -23.2% | 285.0% | 85.96% |
2019 | 13.9% | -21.4% | 48.5% | 84.40% |
Period | STRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.5% | -12.3% | 48.1% | 6.84% |
1 Yr | 26.8% | -7.1% | 60.7% | 8.05% |
3 Yr | 11.0%* | -4.2% | 31.7% | 15.48% |
5 Yr | 11.7%* | 0.1% | 45.6% | 25.03% |
10 Yr | N/A* | 1.8% | 25.4% | 71.87% |
* Annualized
Period | STRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.5% | -15.9% | 46.7% | 38.33% |
2022 | -5.3% | -42.0% | 8.5% | 47.96% |
2021 | 31.2% | 3.6% | 129.7% | 8.61% |
2020 | -1.6% | -22.6% | 304.8% | 85.56% |
2019 | 20.3% | -12.7% | 52.1% | 92.87% |
STRAX | Category Low | Category High | STRAX % Rank | |
---|---|---|---|---|
Net Assets | 36.6 M | 126 K | 163 B | 91.96% |
Number of Holdings | 109 | 2 | 1727 | 31.96% |
Net Assets in Top 10 | 7.78 M | 466 K | 39.5 B | 95.61% |
Weighting of Top 10 | 21.13% | 4.4% | 99.1% | 81.74% |
Weighting | Return Low | Return High | STRAX % Rank | |
---|---|---|---|---|
Stocks | 99.26% | 4.16% | 102.49% | 29.63% |
Cash | 0.74% | 0.00% | 17.28% | 70.19% |
Preferred Stocks | 0.00% | 0.00% | 13.68% | 74.95% |
Other | 0.00% | -2.59% | 39.89% | 75.42% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 73.90% |
Bonds | 0.00% | 0.00% | 97.99% | 74.86% |
Weighting | Return Low | Return High | STRAX % Rank | |
---|---|---|---|---|
Financial Services | 20.09% | 0.00% | 58.05% | 41.13% |
Healthcare | 19.66% | 0.00% | 30.08% | 23.21% |
Energy | 10.05% | 0.00% | 54.00% | 23.49% |
Technology | 8.49% | 0.00% | 54.02% | 72.92% |
Industrials | 8.40% | 0.00% | 42.76% | 82.45% |
Consumer Defense | 8.37% | 0.00% | 34.10% | 51.98% |
Consumer Cyclical | 6.32% | 0.00% | 22.74% | 41.13% |
Communication Services | 6.01% | 0.00% | 26.58% | 45.28% |
Basic Materials | 4.71% | 0.00% | 21.69% | 20.66% |
Utilities | 4.13% | 0.00% | 27.04% | 54.53% |
Real Estate | 3.79% | 0.00% | 90.54% | 35.28% |
Weighting | Return Low | Return High | STRAX % Rank | |
---|---|---|---|---|
US | 99.26% | 4.16% | 102.49% | 25.33% |
Non US | 0.00% | 0.00% | 24.08% | 80.28% |
STRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | 0.03% | 14.82% | 63.70% |
Management Fee | 0.45% | 0.00% | 1.50% | 26.90% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.11% |
Administrative Fee | 0.11% | 0.00% | 0.50% | 59.40% |
STRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
STRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
STRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 122.64% | 0.00% | 488.00% | 93.44% |
STRAX | Category Low | Category High | STRAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.83% | 0.00% | 16.67% | 67.63% |
STRAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
STRAX | Category Low | Category High | STRAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.43% | -1.51% | 4.28% | 90.24% |
STRAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.144 | OrdinaryDividend |
Mar 27, 2024 | $0.176 | OrdinaryDividend |
Dec 28, 2023 | $0.092 | OrdinaryDividend |
Sep 28, 2023 | $0.126 | OrdinaryDividend |
Jun 29, 2023 | $0.085 | OrdinaryDividend |
Mar 30, 2023 | $0.142 | OrdinaryDividend |
Dec 29, 2022 | $0.106 | OrdinaryDividend |
Sep 29, 2022 | $0.105 | OrdinaryDividend |
Jun 29, 2022 | $0.096 | OrdinaryDividend |
Mar 30, 2022 | $0.158 | OrdinaryDividend |
Dec 30, 2021 | $0.107 | OrdinaryDividend |
Dec 30, 2020 | $0.205 | OrdinaryDividend |
Sep 29, 2020 | $0.206 | OrdinaryDividend |
Jun 29, 2020 | $0.125 | OrdinaryDividend |
Mar 30, 2020 | $0.069 | OrdinaryDividend |
Dec 30, 2019 | $0.116 | OrdinaryDividend |
Dec 11, 2019 | $0.580 | CapitalGainLongTerm |
Sep 27, 2019 | $0.121 | OrdinaryDividend |
Jun 27, 2019 | $0.110 | OrdinaryDividend |
Mar 28, 2019 | $0.147 | OrdinaryDividend |
Dec 28, 2018 | $0.064 | OrdinaryDividend |
Dec 12, 2018 | $1.749 | CapitalGainLongTerm |
Jun 28, 2018 | $0.107 | OrdinaryDividend |
Mar 28, 2018 | $0.066 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 21, 2013
8.78
8.8%
Robert W. Bridges, CFA®, Executive Director, joined Sterling Capital Management in 1996 and has investment experience since 1991. Bob is an equity portfolio manager and co-head of the Factor Investing/Behavioral Finance team. He became part of Sterling's Equity Team in 2000 and from that time had 15 years of experience as a senior analyst supporting the firm's fundamentally-driven portfolios. In 2006, he embarked on a research project that led to the development of the firm's first behavioral finance investment strategy. This process led to the creation of the Sterling Behavioral Finance Small Cap Diversified Alpha Portfolio in 2008 and laid the groundwork for future expansion into other behavioral finance portfolios. Prior to joining Sterling, he worked as a research analyst and investment committee member at Bridges Investment Counsel. Bob received his B.S. in Business from Wake Forest University. He is a CFA® charterholder.
Start Date
Tenure
Tenure Rank
Aug 21, 2013
8.78
8.8%
Robert O. Weller, CFA®, Executive Director, joined Sterling Capital Management in 2012 and has investment experience since 1996. Rob is an equity portfolio manager and co-head of the Factor Investing/Behavioral Finance team. Prior to joining Sterling, he was one of the founding members of the U.S. based Large Cap, Mid Cap and Multi Cap Behavioral Finance strategies in 2003 at J.P. Morgan Investment Management. He was responsible for the initial research on and implementation of the strategies. His day-to-day duties included portfolio management as well as ongoing behavioral, quantitative and qualitative research. During his tenure, the funds were listed multiple times in the Wall Street Journal as "Category Kings" for top-ranked performance and were all top quintile performers relative to their peer groups since inception. He helped grow an initial $4 million in seed capital to over $21 billion in assets under management. Rob joined J.P. Morgan in 1997. He left Investment Management in 2010 to return to the private bank to manage multi-asset class portfolios and subsequently head equities globally for the private bank's discretionary platform. He started his career at Legg Mason Wood Walker in 1996. Rob received his B.B.A. in Finance from Loyola University Maryland. He is a CFA® charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.12 | 6.71 |
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