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 09/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$20.1 M
Holdings in Top 10
66.6%
Expense Ratio 2.91%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 09/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
In seeking to achieve the Funds investment objectives, the Adviser has selected CSM Advisors, LLC (CSM), an affiliate of, and under common control with, the Adviser, and Red Cedar Investment Management, LLC (Red Cedar) (each, a Sub-Adviser and together, the Sub-Advisers) to serve as the Funds investment sub-advisers and allocates the Funds assets to the Sub-Advisers. The Adviser is responsible for establishing the target allocation of the Funds assets to each Sub-Adviser and may adjust the target allocations at its discretion. As of the date of this Prospectus, the anticipated target allocations to each Sub-Adviser are indicated in the below table. The Adviser is responsible for establishing the target allocations of the Funds assets to each Sub-Adviser and such allocations may change in the future.
Sub-Adviser | Target Asset Allocation | Investment Style |
CSM Advisors, LLC | 65% | Core |
Red Cedar Investment Management, LLC | 35% | Plus |
To pursue its objectives, under normal market conditions, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds. Under normal market conditions, the Fund will invest at least 65% of its net assets in investment grade debt securities. Securities in which the Fund may invest include U.S. Treasury and U.S. government agency securities, investment grade corporate debt instruments, investment grade preferred securities, investment grade municipal bonds, mortgage-backed (including collateralized mortgage backed-securities), asset-backed securities, collateralized loan obligations, bank loans, and below investment grade securities. Investment grade securities are those rated at the time of acquisition Baa3 or higher by Moodys Investors Service, Inc. (Moodys), or BBB- or higher by Standard & Poors, a division of McGraw Hill Companies Inc. (S&P), or Fitch Ratings Ltd. (Fitch) or, if unrated by S&P, Moodys or Fitch, determined by CSM or Red Cedar to be of comparable quality. The Fund may invest over 25% of its net assets in the financials sector. Below investment grade securities, also known as high yield or junk securities, will not exceed 35% of the Funds net assets at the time of purchase.
The Fund may invest in debt securities of any maturity. The Fund will seek to maintain an effective duration within 75% to 125% of that of its benchmark, the Bloomberg US Aggregate Bond Index.
CSM focuses on investment in investment grade securities and attempts to diversify the Funds portfolio by holding debt obligations of various issuers in a variety of sectors. Red Cedar focuses on investment in below investment grade securities sourced from multiple asset classes, including preferred securities, structured credit (e.g., asset-backed securities, mortgage-backed securities and commercial backed corporate securities), traditional corporate high yield securities, bank loans and collateralized loan obligations. Red Cedars Plus investment strategy involves tactical and strategic allocation changes among these asset classes based on Red Cedars analysis of relative value. As the market and economy change, those asset classes may be rotated into more traditional high yield or rising stars in the corporate bond market. Rising stars are securities which exhibit improving fundamentals and are anticipated by Red Cedar to receive a ratings upgrade from high yield to investment grade in the foreseeable future.
The Fund will utilize derivatives, including futures, forward contracts, options, swaps, and other various derivative products. The Funds use of derivative instruments may be for investment purposes for enhancing returns, hedging against market risks, or providing synthetic exposure to specific industries or securities. The Fund intends to use futures and swaps to hedge against general market risk, while it intends to use interest rate swaps and credit default swaps to hedge against interest rate risk and credit risk, respectively. The Fund will use options to hedge against market risk and to enhance returns and gain synthetic exposure to a security without holding the underlying asset. Other uses of derivatives may be employed as deemed appropriate by a Sub-Adviser.
The Fund may invest its assets in securities of non-U.S. issuers. The Funds investments in foreign securities may include non-U.S. Dollar denominated securities traded outside of the United States or U.S. Dollar denominated securities. The Fund may invest up to 20% of its net assets in non-U.S. Dollar denominated securities.
Red Cedar employs a derivatives overlay strategy to, among other things, adjust the risk profile of the Funds portfolio. Within the Plus sleeve, Red Cedar may seek to mitigate undesired risk exposures through hedges, including, among other strategies, the purchase of credit default swap contracts and foreign currency futures. In addition, the derivatives overlay strategy may also be used for duration and currency management. Red Cedar seeks to target the desired duration and term structure exposure of the entire portfolio, both Core and Plus segments, using U.S. Treasury futures. Red Cedar may utilize currency futures to hedge non-U.S. dollar positions, as desired, of the entire portfolio, both Core and Plus segments.
The Sub-Advisers seek to identify securities which they believe offer significantly higher yields than U.S. Treasury securities of comparable maturity, while striving to maintain stability of principal and preserving credit quality through extensive credit analysis and broad diversification across security types. The Sub-Advisers select preferred securities based upon a review of yield characteristics, call provisions, credit quality and ratings, and ability to continue paying dividends, among other features. In evaluating and selecting debt securities, the Sub-Advisers balance various factors, including increased yield as compared to U.S. Treasuries, maturity, call provisions and credit quality. The Fund will generally sell a security if its full valuation is realized, if better opportunities are identified, if news alters the Sub-Advisers investment thesis, if the securitys credit quality deteriorates, or if the Fund requires cash to meet redemption requests.
Period | STTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | N/A | N/A | N/A |
1 Yr | N/A | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | STTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.6% | N/A | N/A | N/A |
2022 | -11.7% | N/A | N/A | N/A |
2021 | 3.5% | N/A | N/A | N/A |
2020 | 5.8% | N/A | N/A | N/A |
2019 | 1.4% | N/A | N/A | N/A |
Period | STTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | N/A | N/A | N/A |
1 Yr | N/A | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | STTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.9% | N/A | N/A | N/A |
2022 | -11.4% | N/A | N/A | N/A |
2021 | 3.5% | N/A | N/A | N/A |
2020 | 6.1% | N/A | N/A | N/A |
2019 | 1.8% | N/A | N/A | N/A |
STTCX | Category Low | Category High | STTCX % Rank | |
---|---|---|---|---|
Net Assets | 20.1 M | N/A | N/A | N/A |
Number of Holdings | 80 | N/A | N/A | N/A |
Net Assets in Top 10 | 12.5 M | N/A | N/A | N/A |
Weighting of Top 10 | 66.61% | N/A | N/A | N/A |
Weighting | Return Low | Return High | STTCX % Rank | |
---|---|---|---|---|
Stocks | 96.90% | N/A | N/A | N/A |
Cash | 2.14% | N/A | N/A | N/A |
Other | 0.96% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | STTCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | STTCX % Rank | |
---|---|---|---|---|
US | 96.90% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
STTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.91% | N/A | N/A | N/A |
Management Fee | 1.25% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
STTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
STTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
STTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
STTCX | Category Low | Category High | STTCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | N/A | N/A | N/A |
STTCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly |
STTCX | Category Low | Category High | STTCX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
STTCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Date | Amount | Type |
---|---|---|
Dec 22, 2023 | $0.076 | OrdinaryDividend |
Dec 22, 2022 | $0.040 | OrdinaryDividend |
Dec 30, 2020 | $0.002 | OrdinaryDividend |
Jun 30, 2020 | $0.025 | OrdinaryDividend |
Dec 30, 2019 | $0.025 | OrdinaryDividend |
Sep 27, 2019 | $0.018 | OrdinaryDividend |
Dec 28, 2018 | $0.033 | OrdinaryDividend |
Jun 29, 2018 | $0.022 | OrdinaryDividend |
Dec 28, 2017 | $0.012 | OrdinaryDividend |
Sep 29, 2017 | $0.017 | OrdinaryDividend |
Sep 30, 2016 | $0.008 | OrdinaryDividend |
Dec 30, 2015 | $0.020 | OrdinaryDividend |
Sep 30, 2014 | $0.004 | OrdinaryDividend |
Jun 30, 2014 | $0.004 | OrdinaryDividend |
Dec 20, 2012 | $0.031 | OrdinaryDividend |
Dec 20, 2012 | $0.077 | CapitalGainShortTerm |
Dec 20, 2012 | $0.052 | CapitalGainLongTerm |
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