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 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.2%
1 yr return
9.3%
3 Yr Avg Return
-7.0%
5 Yr Avg Return
-4.2%
Net Assets
$1.28 B
Holdings in Top 10
16.3%
Expense Ratio 1.72%
Front Load N/A
Deferred Load N/A
Turnover 39.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Closed-end mutual fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | 4.9% | 19.7% | 97.37% |
1 Yr | 9.3% | 7.5% | 25.9% | 96.05% |
3 Yr | -7.0%* | -6.9% | 6.9% | 100.00% |
5 Yr | -4.2%* | -4.7% | 11.2% | 92.54% |
10 Yr | 1.5%* | 0.9% | 5.2% | 89.13% |
* Annualized
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.6% | -3.6% | 14.2% | 97.37% |
2022 | -23.3% | -29.4% | -9.6% | 72.86% |
2021 | 1.0% | -3.4% | 17.2% | 21.43% |
2020 | -1.0% | -24.8% | 9.0% | 83.58% |
2019 | 13.5% | 6.4% | 19.1% | 23.81% |
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | 4.9% | 19.7% | 97.37% |
1 Yr | 9.3% | 7.5% | 25.9% | 96.05% |
3 Yr | -7.0%* | -6.9% | 6.9% | 100.00% |
5 Yr | -4.2%* | -4.7% | 11.2% | 92.54% |
10 Yr | 1.5%* | 0.9% | 5.2% | 89.13% |
* Annualized
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.6% | -1.9% | 26.5% | 98.68% |
2022 | -23.3% | -26.0% | -5.8% | 88.57% |
2021 | 1.0% | -2.5% | 27.4% | 91.43% |
2020 | -1.0% | -19.2% | 12.3% | 85.07% |
2019 | 17.1% | 10.0% | 32.0% | 63.49% |
XFPFX | Category Low | Category High | XFPFX % Rank | |
---|---|---|---|---|
Net Assets | 1.28 B | 24.1 M | 14.5 B | 40.79% |
Number of Holdings | 231 | 49 | 444 | 38.16% |
Net Assets in Top 10 | 342 M | 13.2 M | 2.1 B | 30.26% |
Weighting of Top 10 | 16.32% | 11.1% | 48.1% | 77.63% |
Weighting | Return Low | Return High | XFPFX % Rank | |
---|---|---|---|---|
Bonds | 48.13% | 0.00% | 97.75% | 64.47% |
Convertible Bonds | 29.29% | 0.00% | 31.65% | 10.96% |
Preferred Stocks | 22.47% | 0.00% | 125.69% | 48.68% |
Cash | 0.11% | -0.02% | 11.04% | 97.37% |
Stocks | 0.00% | 0.00% | 29.42% | 67.11% |
Other | 0.00% | -4.40% | 10.15% | 44.74% |
Weighting | Return Low | Return High | XFPFX % Rank | |
---|---|---|---|---|
Corporate | 99.33% | 62.31% | 100.00% | 17.81% |
Government | 0.56% | 0.00% | 21.71% | 28.77% |
Cash & Equivalents | 0.11% | 0.00% | 11.04% | 85.53% |
Derivative | 0.00% | -0.62% | 9.46% | 44.74% |
Securitized | 0.00% | 0.00% | 0.00% | 46.58% |
Municipal | 0.00% | 0.00% | 0.00% | 46.58% |
Weighting | Return Low | Return High | XFPFX % Rank | |
---|---|---|---|---|
US | 33.29% | 0.00% | 97.61% | 64.47% |
Non US | 14.84% | 0.00% | 22.53% | 9.21% |
XFPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.72% | 0.05% | 4.46% | 26.67% |
Management Fee | 0.85% | 0.00% | 1.00% | 88.16% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
XFPFX 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% | 1.00% | N/A |
XFPFX 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.
XFPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 39.00% | 12.00% | 199.00% | 63.64% |
XFPFX | Category Low | Category High | XFPFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.59% | 90.79% |
XFPFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
XFPFX | Category Low | Category High | XFPFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.44% | 0.88% | 7.54% | 13.89% |
XFPFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Jun 03, 2019 | $0.143 | OrdinaryDividend |
May 01, 2019 | $0.143 | OrdinaryDividend |
Apr 01, 2019 | $0.143 | OrdinaryDividend |
Mar 01, 2019 | $0.143 | OrdinaryDividend |
Feb 01, 2019 | $0.143 | OrdinaryDividend |
Dec 28, 2018 | $0.143 | OrdinaryDividend |
Dec 03, 2018 | $0.143 | OrdinaryDividend |
Nov 01, 2018 | $0.143 | OrdinaryDividend |
Oct 01, 2018 | $0.143 | OrdinaryDividend |
Sep 04, 2018 | $0.143 | OrdinaryDividend |
Aug 01, 2018 | $0.143 | OrdinaryDividend |
Jul 02, 2018 | $0.143 | OrdinaryDividend |
Jun 01, 2018 | $0.143 | OrdinaryDividend |
May 01, 2018 | $0.143 | OrdinaryDividend |
Apr 02, 2018 | $0.153 | OrdinaryDividend |
Mar 01, 2018 | $0.153 | OrdinaryDividend |
Feb 01, 2018 | $0.153 | OrdinaryDividend |
Dec 28, 2017 | $0.153 | OrdinaryDividend |
Dec 01, 2017 | $0.153 | OrdinaryDividend |
Nov 01, 2017 | $0.153 | OrdinaryDividend |
Oct 02, 2017 | $0.153 | OrdinaryDividend |
Sep 01, 2017 | $0.153 | OrdinaryDividend |
Aug 01, 2017 | $0.153 | OrdinaryDividend |
Jul 03, 2017 | $0.153 | OrdinaryDividend |
Jun 01, 2017 | $0.153 | OrdinaryDividend |
May 01, 2017 | $0.153 | OrdinaryDividend |
Apr 03, 2017 | $0.163 | OrdinaryDividend |
Mar 01, 2017 | $0.163 | OrdinaryDividend |
Feb 01, 2017 | $0.163 | OrdinaryDividend |
Dec 28, 2016 | $0.163 | OrdinaryDividend |
Dec 01, 2016 | $0.163 | OrdinaryDividend |
Nov 01, 2016 | $0.163 | OrdinaryDividend |
Oct 03, 2016 | $0.163 | OrdinaryDividend |
Sep 01, 2016 | $0.163 | OrdinaryDividend |
Aug 01, 2016 | $0.163 | OrdinaryDividend |
Jul 01, 2016 | $0.163 | OrdinaryDividend |
Jun 01, 2016 | $0.163 | OrdinaryDividend |
May 02, 2016 | $0.163 | OrdinaryDividend |
Apr 01, 2016 | $0.163 | OrdinaryDividend |
Mar 01, 2016 | $0.163 | OrdinaryDividend |
Feb 01, 2016 | $0.163 | OrdinaryDividend |
Jan 04, 2016 | $0.163 | OrdinaryDividend |
Dec 01, 2015 | $0.163 | OrdinaryDividend |
Nov 02, 2015 | $0.163 | OrdinaryDividend |
Oct 01, 2015 | $0.163 | OrdinaryDividend |
Sep 01, 2015 | $0.163 | OrdinaryDividend |
Aug 03, 2015 | $0.163 | OrdinaryDividend |
Jul 01, 2015 | $0.163 | OrdinaryDividend |
Jun 01, 2015 | $0.163 | OrdinaryDividend |
May 01, 2015 | $0.163 | OrdinaryDividend |
Apr 01, 2015 | $0.163 | OrdinaryDividend |
Mar 02, 2015 | $0.163 | OrdinaryDividend |
Feb 02, 2015 | $0.163 | OrdinaryDividend |
Dec 29, 2014 | $0.163 | ExtraDividend |
Dec 29, 2014 | $0.163 | OrdinaryDividend |
Dec 01, 2014 | $0.163 | OrdinaryDividend |
Nov 03, 2014 | $0.158 | OrdinaryDividend |
Oct 01, 2014 | $0.158 | OrdinaryDividend |
Sep 02, 2014 | $0.153 | OrdinaryDividend |
Aug 01, 2014 | $0.153 | OrdinaryDividend |
Jul 01, 2014 | $0.153 | OrdinaryDividend |
Jun 02, 2014 | $0.153 | OrdinaryDividend |
May 01, 2014 | $0.153 | OrdinaryDividend |
Apr 01, 2014 | $0.153 | OrdinaryDividend |
Mar 03, 2014 | $0.153 | OrdinaryDividend |
Feb 03, 2014 | $0.153 | OrdinaryDividend |
Dec 27, 2013 | $0.076 | ExtraDividend |
Dec 27, 2013 | $0.153 | OrdinaryDividend |
Dec 02, 2013 | $0.153 | OrdinaryDividend |
Nov 01, 2013 | $0.153 | OrdinaryDividend |
Oct 01, 2013 | $0.153 | OrdinaryDividend |
Sep 03, 2013 | $0.153 | OrdinaryDividend |
Aug 01, 2013 | $0.153 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
May 23, 2013
9.03
9.0%
Robert Wolf serves as Chief Investment Officer, Senior Vice President and Senior Portfolio Manager at Stonebridge. Mr. Wolf is a senior member of Stonebridge Advisors’ Investment Committee and oversees investment strategies and portfolio management activities across fund products and separately managed accounts. Mr. Wolf directs the daily management of preferred securities portfolios and performs both credit research and trading functions. Mr. Wolf has over twenty years of fixed-income experience in both portfolio management and credit research. Prior to joining Stonebridge in 2006, Mr. Wolf was a high-yield fixed-income research analyst at Lehman Brothers. In this role, his responsibilities included detailed credit analysis across multiple sectors, relative value analysis, and developing trade recommendations. Mr. Wolf previously worked for Lehman Brothers’ commercial mortgage-backed securities (CMBS) trading desk as a credit analyst. Mr. Wolf received his B.S. degree in Chemistry from Villanova University and his MBA in Finance from the New York University Stern School of Business.
Start Date
Tenure
Tenure Rank
May 23, 2013
9.03
9.0%
Scott Fleming serves as President and CEO of Stonebridge setting the strategic direction of Stonebridge including operations, business and product development, and marketing strategies. Mr. Fleming leads the Investment Committee and oversees investment policies and strategies for all of the company’s portfolio management activities. Additionally, Mr. Fleming directs the daily management of preferred stock portfolios. Prior to founding Stonebridge in 2004, Mr. Fleming co-founded Spectrum Asset Management, Inc., an investment advisor that specializes in preferred securities asset management for institutional clients and mutual funds. During his 13-year tenure there, he served as Chairman of the Board of Directors, Chief Financial Officer and Chief Investment Officer. Under his leadership, Spectrum grew to be the largest preferred securities manager in the country. Mr. Fleming previously served as Vice President, Portfolio Manager for DBL Preferred Management, Inc. in New York City. Mr. Fleming received a B.S. in Accounting from Bentley College in Waltham, MA and his MBA in Finance from Babson College in Wellesley, MA.
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
SVP, PM & Chief Strategist
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
EVP, Head of Credit Research
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.57 | 11.42 |
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