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 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
32.7%
1 yr return
46.1%
3 Yr Avg Return
2.4%
5 Yr Avg Return
16.9%
Net Assets
$2.31 M
Holdings in Top 10
66.3%
Expense Ratio 3.28%
Front Load N/A
Deferred Load N/A
Turnover 1.75%
Redemption Fee 2.00%
Standard (Taxable)
$2,000
IRA
$2,000
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund invests primarily in a portfolio of securities and other investments of issuers across a broad range of countries and asset categories. These global assets fall under five general categories which are: Equity Securities, Fixed Income Securities (corporate bonds and notes of domestic and foreign issuers of any maturity and credit quality including below investment grade, commonly known as “junk bonds”), Real Estate Investment Trusts (both registered and privately offered), Commodity-related derivatives, and cash and cash equivalents such as money market funds.
· | Under normal circumstances, the adviser invests in two major portfolio components representing two kinds of management styles: |
1. | Core Assets Allocation |
50-90% of the Fund’s assets are invested in this portfolio, which involves setting up an asset mix within the five general categories for long-term appreciation. Periodic adjustments will be made based on market conditions.
2. | Dynamic Assets Allocation |
10-40% of the Fund’s assets are invested in this portfolio, which involves frequent adjustments to respond to changes in market conditions. The asset mix in this portfolio also contains the global assets under the five general categories. Strategies employed in managing the Dynamic Assets Allocation include actively looking for short- and intermediate-term undervalued and overvalued assets; moving between asset classes to take advantage of market inefficiencies and sometime overreaction to market conditions; and rebalancing portfolio in order to bring the asset mix back to the Fund’s long-term target. These strategies are carried out based on the adviser’s judgment of relative fundamental values, the attractiveness of investment opportunities within each asset category, macroeconomic trends, and expected future returns of other investment opportunities.
· | 10-30% of the Funds assets may be invested in an alternative investment strategy when the adviser deems the economic and market conditions are suitable for such, usually when there is an economic downturn, or when there is fundamental deterioration in the underlying securities. Alternative investments typically have a low correlation with those of standard asset classes, which makes them suitable for |
portfolio diversification. This is a separate strategy where the Fund may use ETFs that track or do not track an index, and buying and writing derivatives contracts, such as options trading*, futures contracts, forward currency contracts and swap agreements (including, but not limited to, interest rate swaps, credit default swaps and total return swaps), both for hedging purposes and to seek investment returns consistent with the Fund’s investment objective.
*Because options may be riskier than other types of investments, the Fund’s use of options is limited to the aggregate premium, which is the total of paid and received premiums, to no more than 15% of its net assets (less the amount by which any such positions are in-the-money). Covered options writing (selling) is not subject to the 15% limitation.
· | Investing will be carried out without regard to market capitalization, or whether the security is domestic or foreign under the five general categories stated above. |
The Principal Investment Selection Process
When selecting investments for the Fund, the adviser generally considers the following factors:
· | Quality of the companys management; |
· | Strength of the companys balance sheet; |
· | Projected growth rate of the companys earnings in the future; and |
· | Relevant market, economic and political environments. |
The information on which the fundamental analysis is based comes from sources such as regulatory filings, company annual reports, securities information databases, investment publications, general and business publications, brokerage firm research reports, and other media information sources. The adviser will sell an investment when the adviser believes that the security is no longer attractive based on its growth potential, price, or both. The adviser may also sell an investment if the adviser believes that another investment offers a better opportunity for the Fund to achieve its investment objective.
Temporary Defensive Strategy
Under adverse market conditions, the Fund may invest up to 100% of its assets in cash or cash equivalents. These investments include obligations issued or guaranteed by the U.S. Government, its agencies and/or instrumentalities (“U.S. Government Securities”); high quality money market instruments such as notes, certificates of deposit or banker’s acceptances; and money market funds. When the Fund invests in a money market fund, you will indirectly bear a portion of the fees charged by the other mutual fund, which could have an adverse effect on your investment. It is impossible to predict when or for how long the adviser may employ these strategies for the Fund. While engaged in a temporary defensive position, the Fund will not be invested according to its investment objective and therefore may not achieve its investment objective.
Period | UPAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 32.7% | -2.6% | 31.6% | 0.47% |
1 Yr | 46.1% | -0.5% | 45.8% | 0.47% |
3 Yr | 2.4%* | -18.4% | 13.2% | 51.64% |
5 Yr | 16.9%* | -11.7% | 23.1% | 1.49% |
10 Yr | N/A* | -5.2% | 9.4% | N/A |
* Annualized
Period | UPAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.6% | -18.9% | 60.2% | 1.87% |
2022 | -42.0% | -48.5% | 0.1% | 98.59% |
2021 | 48.3% | -19.0% | 48.3% | 0.47% |
2020 | 44.0% | -16.5% | 52.8% | 2.48% |
2019 | 0.6% | -8.5% | 26.6% | 93.40% |
Period | UPAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 32.7% | -2.6% | 31.6% | 0.47% |
1 Yr | 46.1% | -0.5% | 45.8% | 0.47% |
3 Yr | 2.4%* | -18.4% | 13.2% | 51.64% |
5 Yr | 16.9%* | -11.7% | 23.1% | 1.49% |
10 Yr | N/A* | -5.2% | 9.4% | N/A |
* Annualized
Period | UPAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 24.6% | -11.7% | 61.8% | 1.87% |
2022 | -41.1% | -48.5% | 4.6% | 98.59% |
2021 | 48.3% | -14.2% | 48.3% | 0.47% |
2020 | 44.7% | -11.7% | 77.4% | 2.48% |
2019 | 0.6% | -3.9% | 28.4% | 98.48% |
UPAAX | Category Low | Category High | UPAAX % Rank | |
---|---|---|---|---|
Net Assets | 2.31 M | 2.19 M | 12 B | 99.53% |
Number of Holdings | 35 | 2 | 2477 | 56.28% |
Net Assets in Top 10 | 1.55 M | 1.55 M | 9.57 B | 100.00% |
Weighting of Top 10 | 66.31% | 20.3% | 105.1% | 58.60% |
Weighting | Return Low | Return High | UPAAX % Rank | |
---|---|---|---|---|
Stocks | 97.63% | 0.00% | 133.08% | 36.28% |
Cash | 4.80% | -33.22% | 90.14% | 39.07% |
Preferred Stocks | 0.00% | -0.16% | 5.36% | 83.72% |
Other | 0.00% | -29.71% | 154.73% | 84.65% |
Convertible Bonds | 0.00% | 0.00% | 8.92% | 91.63% |
Bonds | 0.00% | 0.00% | 106.59% | 87.91% |
Weighting | Return Low | Return High | UPAAX % Rank | |
---|---|---|---|---|
Technology | 54.08% | 0.00% | 85.77% | 1.10% |
Healthcare | 18.33% | 0.00% | 38.63% | 18.78% |
Communication Services | 7.38% | 0.00% | 21.61% | 27.62% |
Consumer Cyclical | 5.69% | 0.00% | 25.83% | 64.09% |
Real Estate | 5.01% | 0.00% | 99.45% | 35.36% |
Financial Services | 3.53% | 0.00% | 98.22% | 85.64% |
Industrials | 1.56% | 0.00% | 23.85% | 87.29% |
Consumer Defense | 1.47% | 0.00% | 37.51% | 85.08% |
Basic Materials | 1.07% | 0.00% | 56.73% | 86.74% |
Utilities | 0.95% | 0.00% | 91.12% | 83.43% |
Energy | 0.92% | 0.00% | 60.89% | 85.64% |
Weighting | Return Low | Return High | UPAAX % Rank | |
---|---|---|---|---|
US | 97.63% | 0.00% | 133.08% | 35.81% |
Non US | 0.00% | -1.94% | 37.95% | 85.58% |
UPAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.28% | 0.45% | 10.24% | 8.37% |
Management Fee | 1.30% | 0.00% | 1.50% | 99.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | 18.68% |
Administrative Fee | 0.45% | 0.05% | 0.70% | 97.83% |
UPAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
UPAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.50% | 2.00% | 43.33% |
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.
UPAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 1.75% | 1.75% | 441.00% | 0.58% |
UPAAX | Category Low | Category High | UPAAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.61% | 0.00% | 24.95% | 69.30% |
UPAAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
UPAAX | Category Low | Category High | UPAAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.02% | -2.01% | 13.72% | 89.77% |
UPAAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.090 | OrdinaryDividend |
Dec 05, 2022 | $0.148 | CapitalGainShortTerm |
Dec 28, 2020 | $0.050 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Oct 10, 2017
4.64
4.6%
Chiueh is a senior portfolio manager and president with Upright Financial Corporation. He has been engaged in the securities business since 1990.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.83 | 6.69 | 13.0 |
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