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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 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.2%
1 yr return
9.6%
3 Yr Avg Return
-0.7%
5 Yr Avg Return
1.4%
Net Assets
$363 M
Holdings in Top 10
14.9%
Expense Ratio 0.74%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$2,500,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund seeks to generate high total return from both current income and capital appreciation by investing primarily in intermediate-term debt securities across 14 fixed income sectors.
The fund seeks to achieve its objective by applying a time-tested approach of active sector rotation, extensive credit research and disciplined risk management designed to capitalize on opportunities across undervalued areas of the fixed income markets.
Under normal circumstances, the fund invests at least 80% of its assets in fixed income debt obligations of various types of issuers, to include some or all of the following:
Securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities;
Collateralized mortgage obligations (“CMOs”), real estate mortgage investment conduits (“REMICs”), and other pass-through securities, including those issued or guaranteed as to principal and interest by the U.S. Government, its agencies, authorities or instrumentalities;
Debt securities issued by foreign issuers, including foreign governments and their political subdivisions and issuers located in emerging markets;
Investment-grade securities (primarily of U.S. issuers, secondarily of non-U.S. issuers), which are securities with credit ratings within the four highest rating categories of a nationally recognized statistical rating organization; and
High-yield/high-risk debt instruments (so-called “junk bonds”), including bank loans (which are generally floating-rate).
At least 80% of the fund’s assets will be invested in investment-grade securities, which are securities rated, at the time of investment, within the four highest rating categories of a nationally recognized statistical rating organization, or if unrated, those that the subadviser determines are of comparable quality. The fund may invest up to 20% of its total assets in securities rated below investment grade at time of purchase. The fund may continue to hold securities whose credit quality falls below investment grade.
Period | VBFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -5.7% | 11.4% | 11.36% |
1 Yr | 9.6% | -1.8% | 18.9% | 17.30% |
3 Yr | -0.7%* | -10.0% | 27.3% | 7.09% |
5 Yr | 1.4%* | -7.4% | 58.5% | 10.71% |
10 Yr | N/A* | -2.8% | 73.7% | 13.10% |
* Annualized
Period | VBFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | -16.2% | 8.1% | 34.15% |
2022 | -14.5% | -34.7% | 131.9% | 13.54% |
2021 | -3.6% | -11.6% | 4.4% | 58.11% |
2020 | 4.8% | -10.1% | 946.1% | 36.85% |
2019 | 7.3% | -1.7% | 16.9% | 5.79% |
Period | VBFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -5.7% | 11.4% | 11.36% |
1 Yr | 9.6% | -1.8% | 18.9% | 17.30% |
3 Yr | -0.7%* | -10.0% | 27.3% | 7.09% |
5 Yr | 1.4%* | -7.4% | 58.5% | 10.71% |
10 Yr | N/A* | -2.8% | 73.7% | 12.44% |
* Annualized
Period | VBFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.6% | -11.3% | 11.9% | 9.03% |
2022 | -10.3% | -32.2% | 131.9% | 5.46% |
2021 | 0.5% | -9.4% | 9.2% | 13.71% |
2020 | 8.1% | -1.9% | 1009.0% | 54.31% |
2019 | 11.1% | 1.1% | 21668.0% | 5.79% |
VBFRX | Category Low | Category High | VBFRX % Rank | |
---|---|---|---|---|
Net Assets | 363 M | 2.9 M | 314 B | 72.09% |
Number of Holdings | 652 | 1 | 17787 | 52.77% |
Net Assets in Top 10 | 43.6 M | 1.62 M | 35.1 B | 82.58% |
Weighting of Top 10 | 14.88% | 4.4% | 432.9% | 78.81% |
Weighting | Return Low | Return High | VBFRX % Rank | |
---|---|---|---|---|
Bonds | 84.17% | 0.00% | 993.61% | 85.89% |
Other | 14.46% | -16.55% | 52.94% | 13.22% |
Cash | 1.36% | -54.51% | 237.69% | 64.75% |
Convertible Bonds | 0.11% | 0.00% | 7.93% | 87.00% |
Stocks | 0.01% | 0.00% | 99.99% | 32.41% |
Preferred Stocks | 0.00% | 0.00% | 71.02% | 55.84% |
Weighting | Return Low | Return High | VBFRX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 48.87% |
Technology | 0.00% | 0.00% | 43.45% | 35.05% |
Real Estate | 0.00% | 0.00% | 99.26% | 38.26% |
Industrials | 0.00% | 0.00% | 48.31% | 43.09% |
Healthcare | 0.00% | 0.00% | 17.70% | 41.80% |
Financial Services | 0.00% | 0.00% | 100.00% | 54.98% |
Energy | 0.00% | 0.00% | 100.00% | 3.86% |
Communication Services | 0.00% | 0.00% | 100.00% | 53.05% |
Consumer Defense | 0.00% | 0.00% | 99.67% | 38.91% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 45.66% |
Basic Materials | 0.00% | 0.00% | 100.00% | 41.80% |
Weighting | Return Low | Return High | VBFRX % Rank | |
---|---|---|---|---|
US | 0.01% | 0.00% | 99.99% | 30.94% |
Non US | 0.00% | 0.00% | 86.16% | 41.19% |
Weighting | Return Low | Return High | VBFRX % Rank | |
---|---|---|---|---|
Corporate | 39.55% | 0.00% | 100.00% | 22.29% |
Securitized | 36.64% | 0.00% | 98.40% | 28.79% |
Government | 17.55% | 0.00% | 86.23% | 70.59% |
Municipal | 1.94% | 0.00% | 100.00% | 15.79% |
Cash & Equivalents | 0.65% | -0.46% | 237.69% | 73.67% |
Derivative | 0.00% | -1.58% | 44.82% | 61.89% |
Weighting | Return Low | Return High | VBFRX % Rank | |
---|---|---|---|---|
US | 84.17% | 0.00% | 993.61% | 83.81% |
Non US | 0.00% | 0.00% | 30.95% | 61.48% |
VBFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.74% | 0.01% | 39.64% | 45.05% |
Management Fee | 0.45% | 0.00% | 1.76% | 80.23% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.50% | 56.77% |
VBFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
VBFRX 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.
VBFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 493.39% | 23.26% |
VBFRX | Category Low | Category High | VBFRX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.84% | 0.00% | 10.11% | 6.85% |
VBFRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
VBFRX | Category Low | Category High | VBFRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.48% | -1.28% | 4.79% | 11.23% |
VBFRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.045 | OrdinaryDividend |
Sep 30, 2024 | $0.041 | OrdinaryDividend |
Aug 30, 2024 | $0.049 | OrdinaryDividend |
Jul 31, 2024 | $0.046 | OrdinaryDividend |
Jun 30, 2024 | $0.043 | OrdinaryDividend |
Apr 30, 2024 | $0.045 | OrdinaryDividend |
Mar 28, 2024 | $0.045 | OrdinaryDividend |
Feb 28, 2024 | $0.042 | OrdinaryDividend |
Jan 31, 2024 | $0.042 | OrdinaryDividend |
Dec 29, 2023 | $0.046 | OrdinaryDividend |
Nov 30, 2023 | $0.043 | OrdinaryDividend |
Oct 31, 2023 | $0.041 | OrdinaryDividend |
Sep 29, 2023 | $0.043 | OrdinaryDividend |
Aug 31, 2023 | $0.041 | OrdinaryDividend |
Jul 31, 2023 | $0.038 | OrdinaryDividend |
Jun 30, 2023 | $0.044 | OrdinaryDividend |
May 31, 2023 | $0.037 | OrdinaryDividend |
Apr 28, 2023 | $0.033 | OrdinaryDividend |
Mar 31, 2023 | $0.038 | OrdinaryDividend |
Feb 28, 2023 | $0.031 | OrdinaryDividend |
Jan 31, 2023 | $0.031 | OrdinaryDividend |
Dec 30, 2022 | $0.034 | OrdinaryDividend |
Nov 30, 2022 | $0.031 | OrdinaryDividend |
Oct 31, 2022 | $0.030 | OrdinaryDividend |
Sep 30, 2022 | $0.029 | OrdinaryDividend |
Aug 31, 2022 | $0.027 | OrdinaryDividend |
Jul 29, 2022 | $0.027 | OrdinaryDividend |
Jun 30, 2022 | $0.026 | OrdinaryDividend |
May 31, 2022 | $0.025 | OrdinaryDividend |
Apr 29, 2022 | $0.026 | OrdinaryDividend |
Mar 31, 2022 | $0.025 | OrdinaryDividend |
Feb 28, 2022 | $0.022 | OrdinaryDividend |
Jan 31, 2022 | $0.022 | OrdinaryDividend |
Dec 31, 2021 | $0.057 | CapitalGainShortTerm |
Dec 31, 2021 | $0.101 | CapitalGainLongTerm |
Dec 31, 2021 | $0.044 | OrdinaryDividend |
Nov 30, 2021 | $0.024 | OrdinaryDividend |
Oct 29, 2021 | $0.024 | OrdinaryDividend |
Sep 30, 2021 | $0.023 | OrdinaryDividend |
Aug 31, 2021 | $0.023 | OrdinaryDividend |
Jul 30, 2021 | $0.025 | OrdinaryDividend |
Jun 30, 2021 | $0.025 | OrdinaryDividend |
May 28, 2021 | $0.023 | OrdinaryDividend |
Apr 30, 2021 | $0.026 | OrdinaryDividend |
Mar 31, 2021 | $0.025 | OrdinaryDividend |
Feb 26, 2021 | $0.024 | OrdinaryDividend |
Jan 29, 2021 | $0.022 | OrdinaryDividend |
Dec 31, 2020 | $0.029 | OrdinaryDividend |
Nov 30, 2020 | $0.025 | OrdinaryDividend |
Oct 30, 2020 | $0.028 | OrdinaryDividend |
Sep 30, 2020 | $0.027 | OrdinaryDividend |
Aug 31, 2020 | $0.025 | OrdinaryDividend |
Jul 31, 2020 | $0.029 | OrdinaryDividend |
Jun 30, 2020 | $0.028 | OrdinaryDividend |
May 29, 2020 | $0.029 | OrdinaryDividend |
Apr 30, 2020 | $0.027 | OrdinaryDividend |
Mar 31, 2020 | $0.028 | OrdinaryDividend |
Feb 28, 2020 | $0.028 | OrdinaryDividend |
Jan 31, 2020 | $0.032 | OrdinaryDividend |
Dec 31, 2019 | $0.033 | OrdinaryDividend |
Nov 29, 2019 | $0.032 | OrdinaryDividend |
Oct 31, 2019 | $0.032 | OrdinaryDividend |
Sep 30, 2019 | $0.029 | OrdinaryDividend |
Aug 30, 2019 | $0.035 | OrdinaryDividend |
Jul 31, 2019 | $0.033 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Oct 03, 2012
9.66
9.7%
Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Start Date
Tenure
Tenure Rank
Apr 30, 2017
5.09
5.1%
Stephen H. Hooker, CFA is the Director of Foreign Research, sector manager for emerging markets debt and a member of the corporate credit research group at Newfleet (since 2011). He is responsible for the paper and packaging and chemicals industry sectors, and the Eastern Europe, Middle East, and Africa sovereign credit sector. From 2005 until 2011, Mr. Hooker was vice president, senior credit analyst at Aladdin Capital Management and Global Plus Investment Management, respectively, both of which specialize in high yield and structured credit products. Prior to 2005, he was at Goodwin for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager on its fixed income team. Mr. Hooker earned a B.A. in psychology from Trinity College. He has held the Chartered Financial Analyst designation since 1999. He began his career in the investment industry in 1993.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.79 | 1.16 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...