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 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
8.3%
1 yr return
18.7%
3 Yr Avg Return
-1.8%
5 Yr Avg Return
N/A
Net Assets
$3.07 M
Holdings in Top 10
48.7%
Expense Ratio 3.99%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund pursues capital appreciation in developing markets equities. The fund invests in a select group of developing markets companies believed by the subadviser to be undervalued relative to their future market growth potential. The investment strategy emphasizes companies that the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles.
Under normal circumstances, the fund invests at least 80% of its assets in equity securities or equity-linked instruments of developing markets companies. Developing markets countries include emerging markets and frontier markets. The fund defines an “emerging market” primarily as any of the countries or markets represented in the MSCI Emerging Markets Index, and secondarily as any other country or market classified as an emerging economy by any supranational organization such as the World Bank, International Finance Corporation or the United Nations. In limited circumstances, the fund may consider to be an emerging market any country or market with similar emerging characteristics to the countries or markets represented in the MSCI Emerging Markets Index or classified as emerging by a supranational organization. The fund defines a “frontier market” primarily as any of the countries or markets represented in the MSCI Frontier Markets Index, and in limited circumstances the fund may consider to be a frontier market any other country or market with similar frontier market characteristics to those countries or markets represented in the MSCI Emerging Markets Index.
The fund intends to invest in various types of issuers and industries, and in a number of different countries. In determining whether an issuer is economically tied to a developing market, the subadviser primarily considers: (i) whether at least 50% of the issuer’s revenues or profits are attributable to goods produced or sold, investments made, or services performed in, a developing market; (ii) whether the issuer has at least 50% of its assets in a developing market; and (iii) whether the principal exchange listing for the issuer’s securities or the issuer’s headquarters is in a developing market. As of the date of this prospectus, the fund’s subadviser expects the fund to have significant investments in China, Brazil, India, Indonesia,Taiwan and South Korea. The particular countries in which the fund is invested may change over time.
Equity securities in which the fund invests include common stocks, preferred stocks, American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”). Additionally, the fund may invest in certain eligible Chinese securities (“China A Shares”) listed and traded on either the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The fund expects to access China A Shares through the Shanghai-Hong Kong Stock Connect program or the Shenzhen-Hong Kong Stock Connect program (each a “Stock Connect”), as applicable. Equity-linked instruments are designed to perform generally the same as a specified stock index or “basket” of stocks, or a single stock. As of the date of this prospectus the equity-linked instruments in which the fund is expected to invest are participatory notes (“P-notes”). P-notes are equity-linked instruments used by investors to obtain exposure to non-U.S. equity investments without trading directly in the local market.
The fund may invest in companies of all market capitalizations. The subadviser does not use allocation models to restrict the fund’s investments to certain regions, countries or industries within the universe of developing market companies. Generally, the fund invests in approximately 30-60 securities at any given time. The fund seeks to dispose of holdings that, among other things, are the subject of negative developments individually or as an industry, or as necessary to provide funding for new holdings the subadviser deems more attractive. The fund is non-diversified under federal securities laws.
Period | VIDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.3% | -12.2% | 30.7% | 68.03% |
1 Yr | 18.7% | -0.8% | 48.0% | 51.69% |
3 Yr | -1.8%* | -14.1% | 11.4% | 37.72% |
5 Yr | N/A* | -4.8% | 11.5% | N/A |
10 Yr | N/A* | -2.1% | 6.6% | 93.24% |
* Annualized
Period | VIDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -6.5% | 35.5% | 21.18% |
2022 | -22.3% | -50.1% | -2.4% | 30.82% |
2021 | N/A | -33.1% | 22.5% | N/A |
2020 | N/A | -22.1% | 80.1% | N/A |
2019 | N/A | -0.7% | 42.0% | N/A |
Period | VIDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.3% | -12.2% | 30.7% | 68.03% |
1 Yr | 18.7% | -0.8% | 48.0% | 51.69% |
3 Yr | -1.8%* | -14.1% | 11.4% | 37.72% |
5 Yr | N/A* | -4.8% | 11.5% | N/A |
10 Yr | N/A* | -2.1% | 6.6% | 96.44% |
* Annualized
Period | VIDMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.5% | -2.7% | 42.0% | 22.44% |
2022 | -21.3% | -42.2% | 1.9% | 35.75% |
2021 | N/A | -32.5% | 33.1% | N/A |
2020 | N/A | -20.0% | 81.6% | N/A |
2019 | N/A | 2.3% | 42.0% | N/A |
VIDMX | Category Low | Category High | VIDMX % Rank | |
---|---|---|---|---|
Net Assets | 3.07 M | 682 K | 103 B | 97.62% |
Number of Holdings | 36 | 9 | 7534 | 97.48% |
Net Assets in Top 10 | 1.36 M | 290 K | 23.8 B | 97.62% |
Weighting of Top 10 | 48.70% | 2.9% | 101.1% | 7.99% |
Weighting | Return Low | Return High | VIDMX % Rank | |
---|---|---|---|---|
Stocks | 98.07% | 0.00% | 107.82% | 36.41% |
Cash | 1.93% | -2.03% | 98.08% | 43.42% |
Preferred Stocks | 0.00% | 0.00% | 13.31% | 95.10% |
Other | 0.00% | -1.11% | 26.93% | 88.24% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 88.72% |
Bonds | 0.00% | 0.00% | 88.10% | 88.66% |
Weighting | Return Low | Return High | VIDMX % Rank | |
---|---|---|---|---|
Consumer Defense | 25.90% | 0.00% | 25.90% | 0.57% |
Industrials | 19.84% | 0.00% | 43.53% | 2.41% |
Financial Services | 17.93% | 0.00% | 48.86% | 74.18% |
Communication Services | 13.58% | 0.00% | 39.29% | 7.09% |
Consumer Cyclical | 10.25% | 0.00% | 48.94% | 77.30% |
Technology | 8.91% | 0.00% | 47.50% | 96.74% |
Healthcare | 2.47% | 0.00% | 16.53% | 73.33% |
Real Estate | 1.11% | 0.00% | 17.15% | 64.26% |
Utilities | 0.00% | 0.00% | 39.12% | 97.59% |
Energy | 0.00% | 0.00% | 24.80% | 98.72% |
Basic Materials | 0.00% | 0.00% | 30.03% | 99.57% |
Weighting | Return Low | Return High | VIDMX % Rank | |
---|---|---|---|---|
Non US | 76.73% | 0.00% | 100.18% | 79.13% |
US | 21.34% | 0.00% | 100.95% | 16.67% |
VIDMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.99% | 0.03% | 29.98% | 5.06% |
Management Fee | 1.00% | 0.00% | 2.00% | 84.01% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.85% | 62.39% |
VIDMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
VIDMX 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.
VIDMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 189.00% | N/A |
VIDMX | Category Low | Category High | VIDMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.74% | 36.27% |
VIDMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annually | Monthly | Annual |
VIDMX | Category Low | Category High | VIDMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.26% | -1.98% | 17.62% | 67.15% |
VIDMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.191 | OrdinaryDividend |
Dec 21, 2022 | $0.095 | OrdinaryDividend |
Dec 22, 2021 | $0.052 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jun 22, 2021
0.94
0.9%
Hyung Kim is a Portfolio Manager and Senior Research Analyst with approximately 16 years of research experience. Before joining KAR in 2017, Mr. Kim worked as an International Equity Analyst for Advisory Research Inc. for seven years and as a Portfolio Manager on their Global Value strategy. Prior to joining Advisory Research, Mr. Kim worked as a research analyst at Coghill Capital Management and in corporate banking at HSBC and Woori Bank in Seoul, Korea. He earned an M.B.A. from the University of Chicago Booth School of Business. He is fluent in Korean and German.
Start Date
Tenure
Tenure Rank
Jun 22, 2021
0.94
0.9%
Craig Thrasher, CFA, is a Portfolio Manager and Research Analyst at Kayne. Before joining Kayne Anderson Rudnick in 2008, Mr. Thrasher worked at Kirr, Marbach & Company as an Equity Analyst and at Wedbush Morgan Securities in correspondent credit. He has approximately 14 years of equity research experience. Mr. Thrasher earned a B.S. in Business and Public Administration, concentration in Finance, from the University of Arizona, and an M.B.A. from the University of Chicago, Graduate School of Business. Mr. Thrasher is a Chartered Financial Analyst charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.66 | 13.42 |
Dividend Investing Ideas Center
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