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 12/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
1.0%
1 yr return
2.2%
3 Yr Avg Return
-0.4%
5 Yr Avg Return
N/A
Net Assets
$1.61 B
Holdings in Top 10
91.2%
Expense Ratio 0.34%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$1,000
Fund Type
Open End Mutual Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund seeks to track the investment returns of the Bloomberg U.S. 1-5 Year Treasury TIPS Index (Index). Under normal conditions, the fund invests at least 80% of its net assets (including any borrowings for investment purposes) in Treasury Inflation Protected Securities and in securities that are held in the Index. For purposes of the fund’s 80% investment policy, the fund includes derivative instruments that are linked to, or provide investment exposure to, Treasury Inflation Protected Securities or securities held in the Index. The fund normally maintains a duration between one and five years, and it will vary consistent with the duration of the Index, which measures the performance of inflation protected securities issued by the U.S. Treasury with remaining maturities between one and five years. As of May 31, 2024, the duration of the Index was 2.88 years.
Duration, which is expressed in years, is a calculation that attempts to measure the price sensitivity of a bond or bond fund to changes in interest rates. The longer a bond fund’s duration, the more sensitive that fund should be to changes in interest rates. For example, if interest rates rise by 1% and a fixed-rate bond has a duration of 5 years, it is estimated that the principal value of the bond will decrease by approximately 5%.
To be eligible for inclusion in the Index, a security must be rated investment grade, its principal and interest must be inflation-linked and denominated in U.S. dollars, have a fixed rate coupon with at least $250 million par amount outstanding (not adjusted for inflation indexation), and have greater than one year and less than five years remaining to maturity. The Index is market value weighted and the securities represented in the Index are updated on the last business day of each month. The composition of the Index is rebalanced at each month-end and represents the fixed set of securities on which Index returns are calculated for the next month. As of May 31, 2024, there were 22 securities in the Index.
The adviser does not attempt to fully replicate the Index for the fund by holding each of the bonds represented in the Index. The portfolio will be structured to maintain an investment and risk profile, and overall characteristics, similar to the Index. Using a sampling of securities, the adviser seeks to closely track the returns of the Index and more efficiently replicate the key risk factors of the Index (such as maturity, duration, and credit quality) by attempting to capitalize on market inefficiencies through structural portfolio positioning and making small tactical bets on inflation, duration, and yield curve positioning.
Treasury Inflation Protected Securities, known as TIPS, are instruments issued by the U.S. Treasury that are structured to provide protection against inflation, which measures a sustained increase in the prices of goods and services in an economy that can erode the purchasing power of a currency over time. Interest and principal payments of TIPS are periodically adjusted in step with changes in the inflation rate. These inflation adjustments for TIPS are applied based on changes in the Consumer Price Index (CPI), while inflation adjustments for other types of inflation-linked securities may be based on a different inflation index. Inflation-linked securities tend to react to changes in real interest rates, which represent nominal (stated) interest rates reduced by the expected impact of inflation. For example, if a 3-year Treasury bond is yielding 5% and inflation expectations for the next 3 years are 2%, the real interest rate is 3%.
The fund only purchases securities that are rated within the four highest credit rating categories (AAA, AA, A, BBB, or equivalent) at the time of purchase by at least one credit rating agency or, if unrated, deemed by the adviser to be of comparable quality.
The fund may use a variety of derivatives, such as futures, options, foreign exchange currency contracts (forwards), and swaps for a number of purposes, such as for exposure or hedging. Specifically, the fund uses interest rate futures, interest rate future options, and inflation swaps. Interest rate derivatives are typically used to manage the fund’s exposure to interest rate changes or to adjust portfolio duration. Inflation-linked derivatives are typically used to manage the fund’s inflation risk, maintain efficient exposure to TIPS and other inflation-linked securities, or help align the portfolio with the overall characteristics of the Index.
Period | TLDTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -10.4% | 10.9% | 96.02% |
1 Yr | 2.2% | -11.2% | 14.4% | 96.52% |
3 Yr | -0.4%* | -16.4% | 4.9% | 37.76% |
5 Yr | N/A* | -7.1% | 5.3% | N/A |
10 Yr | N/A* | -2.4% | 3.5% | N/A |
* Annualized
Period | TLDTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.9% | -8.7% | 5.1% | 81.41% |
2022 | -10.6% | -52.3% | -4.0% | 20.41% |
2021 | 0.8% | -7.9% | 7.7% | 43.23% |
2020 | N/A | -29.4% | 23.0% | N/A |
2019 | N/A | 0.8% | 16.7% | N/A |
Period | TLDTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -10.4% | 10.9% | 96.02% |
1 Yr | 2.2% | -11.2% | 14.4% | 96.52% |
3 Yr | -0.4%* | -16.4% | 4.9% | 37.76% |
5 Yr | N/A* | -7.1% | 5.3% | N/A |
10 Yr | N/A* | -2.4% | 3.5% | N/A |
* Annualized
Period | TLDTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.1% | -5.2% | 9.5% | 69.35% |
2022 | -5.3% | -40.1% | 9.2% | 22.45% |
2021 | 5.0% | -2.7% | 37.6% | 67.19% |
2020 | N/A | -0.5% | 27.5% | N/A |
2019 | N/A | 2.8% | 19.3% | N/A |
TLDTX | Category Low | Category High | TLDTX % Rank | |
---|---|---|---|---|
Net Assets | 1.61 B | 963 K | 51.8 B | 37.31% |
Number of Holdings | 18 | 2 | 1463 | 96.52% |
Net Assets in Top 10 | 1.65 B | 913 K | 25.5 B | 23.88% |
Weighting of Top 10 | 91.25% | 9.4% | 100.0% | 6.00% |
Weighting | Return Low | Return High | TLDTX % Rank | |
---|---|---|---|---|
Bonds | 99.62% | 0.00% | 206.20% | 28.36% |
Cash | 0.38% | -42.00% | 15.77% | 61.69% |
Stocks | 0.00% | 0.00% | 100.03% | 72.64% |
Preferred Stocks | 0.00% | 0.00% | 1.89% | 76.12% |
Convertible Bonds | 0.00% | 0.00% | 3.96% | 82.59% |
Other | -0.01% | -58.58% | 66.48% | 90.05% |
Weighting | Return Low | Return High | TLDTX % Rank | |
---|---|---|---|---|
Government | 89.37% | 6.70% | 112.97% | 35.82% |
Securitized | 1.29% | 0.00% | 58.03% | 68.16% |
Cash & Equivalents | 0.20% | 0.00% | 15.13% | 55.22% |
Corporate | 0.00% | 0.00% | 50.64% | 92.04% |
Municipal | 0.00% | 0.00% | 1.28% | 78.61% |
Derivative | -0.01% | -26.67% | 16.13% | 88.56% |
Weighting | Return Low | Return High | TLDTX % Rank | |
---|---|---|---|---|
US | 99.62% | 0.00% | 184.29% | 21.89% |
Non US | 0.00% | 0.00% | 42.19% | 85.07% |
TLDTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.34% | 0.03% | 22.29% | 79.90% |
Management Fee | 0.06% | 0.00% | 0.99% | 11.44% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.40% | 74.32% |
TLDTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
TLDTX 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.
TLDTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 246.00% | N/A |
TLDTX | Category Low | Category High | TLDTX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.13% | 0.00% | 14.25% | 11.44% |
TLDTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
TLDTX | Category Low | Category High | TLDTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.25% | -0.06% | 6.71% | 66.16% |
TLDTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 30, 2024 | $0.016 | OrdinaryDividend |
Sep 27, 2024 | $0.015 | OrdinaryDividend |
Aug 29, 2024 | $0.017 | OrdinaryDividend |
Apr 29, 2024 | $0.001 | OrdinaryDividend |
Mar 27, 2024 | $0.014 | OrdinaryDividend |
Feb 28, 2024 | $0.013 | OrdinaryDividend |
Jan 30, 2024 | $0.015 | OrdinaryDividend |
Dec 28, 2023 | $0.015 | OrdinaryDividend |
Nov 29, 2023 | $0.355 | OrdinaryDividend |
Oct 30, 2023 | $0.004 | OrdinaryDividend |
Sep 28, 2023 | $0.000 | OrdinaryDividend |
Jun 29, 2023 | $0.000 | OrdinaryDividend |
May 30, 2023 | $0.000 | OrdinaryDividend |
Apr 27, 2023 | $0.000 | OrdinaryDividend |
Mar 30, 2023 | $0.000 | OrdinaryDividend |
Jan 30, 2023 | $0.000 | OrdinaryDividend |
Dec 29, 2022 | $0.000 | OrdinaryDividend |
Nov 29, 2022 | $0.576 | OrdinaryDividend |
Sep 29, 2022 | $0.000 | OrdinaryDividend |
Jul 28, 2022 | $0.000 | OrdinaryDividend |
Jan 28, 2022 | $0.000 | OrdinaryDividend |
Dec 30, 2021 | $0.386 | OrdinaryDividend |
Dec 08, 2021 | $0.030 | CapitalGainShortTerm |
Dec 08, 2021 | $0.010 | CapitalGainLongTerm |
Dec 30, 2020 | $0.000 | OrdinaryDividend |
Dividend Investing Ideas Center
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