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 11/03/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.72 B
Holdings in Top 10
18.5%
Expense Ratio 1.78%
Front Load N/A
Deferred Load N/A
Turnover 14.00%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Closed-end mutual fund
Name
As of 11/03/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Period | XJPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.3% | 20.1% | 92.50% |
1 Yr | N/A | -6.8% | 15.0% | 88.75% |
3 Yr | N/A* | -9.4% | 8.3% | 90.54% |
5 Yr | N/A* | -4.0% | 6.9% | 92.42% |
10 Yr | N/A* | 1.1% | 5.1% | 77.78% |
* Annualized
Period | XJPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -20.4% | -29.4% | -9.6% | 68.92% |
2022 | -0.4% | -3.4% | 17.2% | 52.70% |
2021 | -4.7% | -24.8% | 9.0% | 85.71% |
2020 | 14.8% | 6.4% | 19.1% | 16.67% |
2019 | -14.1% | -15.2% | -5.7% | 89.06% |
Period | XJPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -4.3% | 20.1% | 92.50% |
1 Yr | N/A | -6.8% | 15.0% | 88.75% |
3 Yr | N/A* | -9.4% | 8.3% | 90.54% |
5 Yr | N/A* | -4.0% | 6.9% | 92.42% |
10 Yr | N/A* | 1.1% | 5.1% | 77.78% |
* Annualized
Period | XJPSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -20.4% | -26.0% | -5.8% | 77.03% |
2022 | -0.4% | -2.5% | 27.4% | 98.65% |
2021 | -4.7% | -19.2% | 12.3% | 87.14% |
2020 | 19.0% | 10.0% | 32.0% | 33.33% |
2019 | -7.7% | -9.2% | -1.8% | 87.50% |
XJPSX | Category Low | Category High | XJPSX % Rank | |
---|---|---|---|---|
Net Assets | 1.72 B | 20 M | 12.7 B | 30.00% |
Number of Holdings | 253 | 44 | 456 | 26.25% |
Net Assets in Top 10 | 550 M | 7.68 M | 1.82 B | 28.75% |
Weighting of Top 10 | 18.53% | 12.2% | 40.6% | 70.00% |
Weighting | Return Low | Return High | XJPSX % Rank | |
---|---|---|---|---|
Bonds | 53.81% | 0.00% | 98.26% | 60.00% |
Convertible Bonds | 30.97% | 0.00% | 31.65% | 2.60% |
Preferred Stocks | 14.40% | 0.00% | 125.10% | 62.50% |
Stocks | 1.08% | 0.00% | 30.12% | 10.00% |
Cash | -0.11% | -0.11% | 11.27% | 100.00% |
Other | -0.15% | -3.81% | 8.93% | 92.50% |
Weighting | Return Low | Return High | XJPSX % Rank | |
---|---|---|---|---|
Financial Services | 92.31% | 0.00% | 100.00% | 19.35% |
Utilities | 6.95% | 0.00% | 100.00% | 64.52% |
Energy | 0.62% | 0.00% | 11.41% | 12.90% |
Communication Services | 0.12% | 0.00% | 1.77% | 12.90% |
Technology | 0.00% | 0.00% | 0.00% | 32.26% |
Real Estate | 0.00% | 0.00% | 100.00% | 48.39% |
Industrials | 0.00% | 0.00% | 7.56% | 48.39% |
Healthcare | 0.00% | 0.00% | 4.02% | 48.39% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 32.26% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 32.26% |
Basic Materials | 0.00% | 0.00% | 0.00% | 32.26% |
Weighting | Return Low | Return High | XJPSX % Rank | |
---|---|---|---|---|
Non US | 1.00% | 0.00% | 1.93% | 5.00% |
US | 0.08% | 0.00% | 30.12% | 23.75% |
Weighting | Return Low | Return High | XJPSX % Rank | |
---|---|---|---|---|
Corporate | 99.91% | 62.31% | 100.00% | 9.09% |
Government | 0.05% | 0.00% | 21.71% | 62.34% |
Cash & Equivalents | 0.02% | 0.00% | 11.27% | 80.00% |
Securitized | 0.02% | 0.00% | 0.02% | 1.30% |
Derivative | 0.00% | -0.32% | 8.82% | 33.75% |
Municipal | 0.00% | 0.00% | 0.00% | 23.38% |
Weighting | Return Low | Return High | XJPSX % Rank | |
---|---|---|---|---|
US | 36.80% | 0.00% | 98.26% | 63.75% |
Non US | 17.01% | 0.00% | 22.53% | 8.75% |
XJPSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.78% | 0.05% | 4.53% | 16.46% |
Management Fee | 0.70% | 0.00% | 1.00% | 62.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
XJPSX 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 |
XJPSX 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.
XJPSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 14.00% | 12.00% | 199.00% | 12.86% |
XJPSX | Category Low | Category High | XJPSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.80% | 38.75% |
XJPSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
XJPSX | Category Low | Category High | XJPSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.51% | 0.88% | 7.54% | 13.16% |
XJPSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Jul 01, 2019 | $0.056 | OrdinaryDividend |
Jun 03, 2019 | $0.056 | OrdinaryDividend |
May 01, 2019 | $0.056 | OrdinaryDividend |
Apr 01, 2019 | $0.056 | OrdinaryDividend |
Mar 01, 2019 | $0.056 | OrdinaryDividend |
Feb 01, 2019 | $0.056 | OrdinaryDividend |
Dec 31, 2018 | $0.056 | OrdinaryDividend |
Dec 03, 2018 | $0.056 | OrdinaryDividend |
Nov 01, 2018 | $0.056 | OrdinaryDividend |
Oct 01, 2018 | $0.056 | OrdinaryDividend |
Sep 04, 2018 | $0.056 | OrdinaryDividend |
Aug 01, 2018 | $0.056 | OrdinaryDividend |
Jul 02, 2018 | $0.056 | OrdinaryDividend |
Jun 01, 2018 | $0.062 | OrdinaryDividend |
May 01, 2018 | $0.062 | OrdinaryDividend |
Apr 02, 2018 | $0.062 | OrdinaryDividend |
Mar 01, 2018 | $0.062 | OrdinaryDividend |
Feb 01, 2018 | $0.062 | OrdinaryDividend |
Dec 29, 2017 | $0.062 | OrdinaryDividend |
Dec 01, 2017 | $0.062 | OrdinaryDividend |
Nov 01, 2017 | $0.062 | OrdinaryDividend |
Oct 02, 2017 | $0.062 | OrdinaryDividend |
Sep 01, 2017 | $0.062 | OrdinaryDividend |
Aug 01, 2017 | $0.062 | OrdinaryDividend |
Jul 03, 2017 | $0.062 | OrdinaryDividend |
Jun 01, 2017 | $0.062 | OrdinaryDividend |
May 01, 2017 | $0.062 | OrdinaryDividend |
Apr 03, 2017 | $0.062 | OrdinaryDividend |
Mar 01, 2017 | $0.062 | OrdinaryDividend |
Feb 01, 2017 | $0.062 | OrdinaryDividend |
Dec 30, 2016 | $0.062 | OrdinaryDividend |
Dec 01, 2016 | $0.062 | OrdinaryDividend |
Nov 01, 2016 | $0.062 | OrdinaryDividend |
Oct 03, 2016 | $0.062 | OrdinaryDividend |
Sep 01, 2016 | $0.062 | OrdinaryDividend |
Aug 01, 2016 | $0.062 | OrdinaryDividend |
Jul 01, 2016 | $0.059 | OrdinaryDividend |
Jun 01, 2016 | $0.046 | OrdinaryDividend |
May 02, 2016 | $0.058 | OrdinaryDividend |
Apr 01, 2016 | $0.058 | OrdinaryDividend |
Mar 01, 2016 | $0.058 | OrdinaryDividend |
Feb 01, 2016 | $0.058 | OrdinaryDividend |
Dec 31, 2015 | $0.058 | OrdinaryDividend |
Dec 01, 2015 | $0.058 | OrdinaryDividend |
Nov 02, 2015 | $0.058 | OrdinaryDividend |
Oct 01, 2015 | $0.058 | OrdinaryDividend |
Sep 01, 2015 | $0.058 | OrdinaryDividend |
Aug 03, 2015 | $0.058 | OrdinaryDividend |
Jul 01, 2015 | $0.058 | OrdinaryDividend |
Jun 01, 2015 | $0.058 | OrdinaryDividend |
May 01, 2015 | $0.058 | OrdinaryDividend |
Apr 01, 2015 | $0.058 | OrdinaryDividend |
Mar 02, 2015 | $0.058 | OrdinaryDividend |
Feb 02, 2015 | $0.058 | OrdinaryDividend |
Dec 31, 2014 | $0.049 | OrdinaryDividend |
Dec 01, 2014 | $0.055 | OrdinaryDividend |
Nov 03, 2014 | $0.055 | OrdinaryDividend |
Oct 01, 2014 | $0.055 | OrdinaryDividend |
Sep 02, 2014 | $0.055 | OrdinaryDividend |
Aug 01, 2014 | $0.055 | OrdinaryDividend |
Jul 01, 2014 | $0.055 | OrdinaryDividend |
Jun 02, 2014 | $0.055 | OrdinaryDividend |
May 01, 2014 | $0.055 | OrdinaryDividend |
Apr 01, 2014 | $0.055 | OrdinaryDividend |
Mar 03, 2014 | $0.055 | OrdinaryDividend |
Feb 03, 2014 | $0.055 | OrdinaryDividend |
Dec 31, 2013 | $0.055 | OrdinaryDividend |
Dec 02, 2013 | $0.055 | OrdinaryDividend |
Nov 01, 2013 | $0.055 | OrdinaryDividend |
Oct 01, 2013 | $0.055 | OrdinaryDividend |
Sep 03, 2013 | $0.055 | OrdinaryDividend |
Aug 01, 2013 | $0.055 | OrdinaryDividend |
Jul 01, 2013 | $0.055 | OrdinaryDividend |
Jun 03, 2013 | $0.055 | OrdinaryDividend |
May 01, 2013 | $0.055 | OrdinaryDividend |
Apr 01, 2013 | $0.055 | OrdinaryDividend |
Mar 01, 2013 | $0.055 | OrdinaryDividend |
Feb 01, 2013 | $0.055 | OrdinaryDividend |
Dec 31, 2012 | $0.055 | OrdinaryDividend |
Dec 03, 2012 | $0.055 | OrdinaryDividend |
Nov 01, 2012 | $0.055 | OrdinaryDividend |
Oct 01, 2012 | $0.055 | OrdinaryDividend |
Sep 04, 2012 | $0.055 | OrdinaryDividend |
Aug 01, 2012 | $0.055 | OrdinaryDividend |
Jul 02, 2012 | $0.055 | OrdinaryDividend |
Jun 01, 2012 | $0.055 | OrdinaryDividend |
May 01, 2012 | $0.055 | OrdinaryDividend |
Apr 02, 2012 | $0.055 | OrdinaryDividend |
Mar 01, 2012 | $0.055 | OrdinaryDividend |
Feb 01, 2012 | $0.055 | OrdinaryDividend |
Dec 30, 2011 | $0.055 | OrdinaryDividend |
Dec 01, 2011 | $0.055 | OrdinaryDividend |
Nov 01, 2011 | $0.055 | OrdinaryDividend |
Oct 03, 2011 | $0.055 | OrdinaryDividend |
Sep 01, 2011 | $0.055 | OrdinaryDividend |
Aug 01, 2011 | $0.055 | OrdinaryDividend |
Jul 01, 2011 | $0.055 | OrdinaryDividend |
Jun 01, 2011 | $0.055 | OrdinaryDividend |
May 02, 2011 | $0.055 | OrdinaryDividend |
Apr 01, 2011 | $0.055 | OrdinaryDividend |
Mar 01, 2011 | $0.055 | OrdinaryDividend |
Feb 01, 2011 | $0.055 | OrdinaryDividend |
Dec 31, 2010 | $0.055 | OrdinaryDividend |
Dec 01, 2010 | $0.055 | OrdinaryDividend |
Nov 01, 2010 | $0.055 | OrdinaryDividend |
Oct 01, 2010 | $0.055 | OrdinaryDividend |
Sep 01, 2010 | $0.054 | OrdinaryDividend |
Aug 02, 2010 | $0.054 | OrdinaryDividend |
Jul 01, 2010 | $0.054 | OrdinaryDividend |
Jun 01, 2010 | $0.054 | OrdinaryDividend |
May 03, 2010 | $0.054 | OrdinaryDividend |
Apr 01, 2010 | $0.054 | OrdinaryDividend |
Mar 01, 2010 | $0.054 | OrdinaryDividend |
Feb 01, 2010 | $0.054 | OrdinaryDividend |
Dec 31, 2009 | $0.054 | OrdinaryDividend |
Dec 01, 2009 | $0.054 | OrdinaryDividend |
Nov 02, 2009 | $0.054 | OrdinaryDividend |
Oct 01, 2009 | $0.054 | OrdinaryDividend |
Sep 01, 2009 | $0.062 | OrdinaryDividend |
Aug 03, 2009 | $0.062 | OrdinaryDividend |
Jul 01, 2009 | $0.062 | OrdinaryDividend |
Jun 01, 2009 | $0.062 | OrdinaryDividend |
May 01, 2009 | $0.062 | OrdinaryDividend |
Apr 01, 2009 | $0.064 | OrdinaryDividend |
Mar 02, 2009 | $0.071 | OrdinaryDividend |
Feb 02, 2009 | $0.071 | OrdinaryDividend |
Dec 31, 2008 | $0.071 | OrdinaryDividend |
Dec 01, 2008 | $0.078 | OrdinaryDividend |
Nov 03, 2008 | $0.078 | OrdinaryDividend |
Oct 01, 2008 | $0.082 | OrdinaryDividend |
Sep 02, 2008 | $0.082 | OrdinaryDividend |
Aug 01, 2008 | $0.082 | OrdinaryDividend |
Jul 01, 2008 | $0.082 | OrdinaryDividend |
Jun 02, 2008 | $0.082 | OrdinaryDividend |
May 01, 2008 | $0.082 | OrdinaryDividend |
Apr 01, 2008 | $0.082 | OrdinaryDividend |
Mar 03, 2008 | $0.086 | OrdinaryDividend |
Feb 01, 2008 | $0.086 | OrdinaryDividend |
Dec 31, 2007 | $0.086 | OrdinaryDividend |
Dec 03, 2007 | $0.086 | OrdinaryDividend |
Nov 01, 2007 | $0.086 | OrdinaryDividend |
Oct 01, 2007 | $0.086 | OrdinaryDividend |
Sep 04, 2007 | $0.091 | OrdinaryDividend |
Aug 01, 2007 | $0.091 | OrdinaryDividend |
Jul 02, 2007 | $0.091 | OrdinaryDividend |
Jun 01, 2007 | $0.091 | OrdinaryDividend |
Apr 02, 2007 | $0.091 | OrdinaryDividend |
Mar 01, 2007 | $0.093 | OrdinaryDividend |
Feb 01, 2007 | $0.093 | OrdinaryDividend |
Dec 29, 2006 | $0.093 | OrdinaryDividend |
Dec 01, 2006 | $0.093 | OrdinaryDividend |
Nov 01, 2006 | $0.093 | OrdinaryDividend |
Oct 02, 2006 | $0.093 | OrdinaryDividend |
Sep 01, 2006 | $0.093 | OrdinaryDividend |
Aug 01, 2006 | $0.093 | OrdinaryDividend |
Jul 03, 2006 | $0.093 | OrdinaryDividend |
Jun 01, 2006 | $0.093 | OrdinaryDividend |
May 01, 2006 | $0.093 | OrdinaryDividend |
Apr 03, 2006 | $0.093 | OrdinaryDividend |
Mar 01, 2006 | $0.093 | OrdinaryDividend |
Feb 01, 2006 | $0.093 | OrdinaryDividend |
Dec 01, 2005 | $0.093 | OrdinaryDividend |
Nov 01, 2005 | $0.093 | OrdinaryDividend |
Oct 03, 2005 | $0.093 | OrdinaryDividend |
Sep 01, 2005 | $0.096 | OrdinaryDividend |
Aug 01, 2005 | $0.096 | OrdinaryDividend |
Jul 01, 2005 | $0.096 | OrdinaryDividend |
Jun 01, 2005 | $0.099 | OrdinaryDividend |
May 02, 2005 | $0.099 | OrdinaryDividend |
Apr 01, 2005 | $0.099 | OrdinaryDividend |
Mar 01, 2005 | $0.102 | OrdinaryDividend |
Feb 01, 2005 | $0.102 | OrdinaryDividend |
Dec 30, 2004 | $0.102 | OrdinaryDividend |
Dec 01, 2004 | $0.105 | OrdinaryDividend |
Nov 01, 2004 | $0.105 | OrdinaryDividend |
Oct 01, 2004 | $0.105 | OrdinaryDividend |
Sep 01, 2004 | $0.105 | OrdinaryDividend |
Aug 02, 2004 | $0.105 | OrdinaryDividend |
Jul 01, 2004 | $0.105 | OrdinaryDividend |
Jun 01, 2004 | $0.105 | OrdinaryDividend |
May 03, 2004 | $0.105 | OrdinaryDividend |
Apr 01, 2004 | $0.105 | OrdinaryDividend |
Mar 01, 2004 | $0.105 | OrdinaryDividend |
Feb 02, 2004 | $0.105 | OrdinaryDividend |
Dec 30, 2003 | $0.105 | OrdinaryDividend |
Dec 01, 2003 | $0.105 | OrdinaryDividend |
Nov 03, 2003 | $0.105 | OrdinaryDividend |
Oct 01, 2003 | $0.105 | OrdinaryDividend |
Sep 02, 2003 | $0.105 | OrdinaryDividend |
Aug 01, 2003 | $0.105 | OrdinaryDividend |
Jul 01, 2003 | $0.105 | OrdinaryDividend |
Jun 02, 2003 | $0.105 | OrdinaryDividend |
May 01, 2003 | $0.105 | OrdinaryDividend |
Apr 01, 2003 | $0.105 | OrdinaryDividend |
Mar 03, 2003 | $0.105 | OrdinaryDividend |
Feb 03, 2003 | $0.105 | OrdinaryDividend |
Dec 30, 2002 | $0.105 | OrdinaryDividend |
Dec 02, 2002 | $0.105 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 24, 2002
19.7
19.7%
Prior to founding Spectrum in 1987, Mr. Lieb was a Founder, Director and Partner of DBL Preferred Management, Inc., a wholly owned corporate cash management subsidiary of Drexel Burnham Lambert, Inc. Mr. Lieb was instrumental in the formation and development of all aspects of DBL Preferred Management, Inc., including the daily management of preferred stock portfolios for institutional clients, hedging strategies, and marketing strategies. Mr. Lieb's prior employment included the development of the preferred stock trading desk at Mosley Hallgarten & Estabrook. Mr. Lieb holds a BA in Economics from Central Connecticut State College and a MBA (Finance) from the University of Hartford.
Start Date
Tenure
Tenure Rank
Sep 24, 2002
19.7
19.7%
Mr. Jacoby joined Spectrum in 1995 as a Portfolio Manager and most recently held the position of Managing Director and Senior Portfolio Manager until his appointment as CIO on January 1, 2010, following the planned retirement of his predecessor. Prior to joining Spectrum, Mr. Jacoby was a Senior Investment Officer at USL Capital Corporation (a subsidiary of Ford Motor Corporation) and co-manager of the preferred stock portfolio of its US Corporate Financing Division for six years. Mr. Jacoby began his career in 1981 with The Northern Trust Company, Chicago and then moved to Los Angeles to join E.F. Hutton & Co. as a Vice President and Institutional Salesman, Generalist Fixed Income Sales through most of the 1980s. Mr. Jacoby holds a BSBA (Finance) from the Boston University School of Management.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.92 | 11.42 |
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