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 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
0.0%
1 yr return
8.3%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
10.9%
Net Assets
$14.2 M
Holdings in Top 10
42.2%
Expense Ratio 0.85%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund normally invests at least 80% of its net assets (including borrowings for investment purposes) in the equity securities that comprise the Index. The Fund generally invests in all of the securities comprising the Index in proportion to the weightings of the securities in the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund’s investment sub-adviser, Penserra Capital Management LLC (“Penserra” or the “Sub-Adviser”), seeks a correlation of 0.95 or better (before fees and expenses) between the Fund’s performance and the performance of the Index; a figure of 1.00 would represent perfect correlation.
The Index is a rules-based index owned and developed by Investor’s Business Daily® (“IBD” or the “Index Provider”) that seeks to provide opportunistic investment exposure to those stocks with the potential to “break out,” or experience a period of sustained price growth beyond the stock’s recent “resistance level,” with consideration for various market conditions. A stock’s resistance level is the price at which a stock has previously reached, but not exceeded. Determining a stock’s resistance level is part of a technical analysis of the stock and represents the top of its expected price trading range.
The Index’s initial universe consists of the approximately 7,000 equity securities that trade on the New York Stock Exchange, The Nasdaq Stock Market, LLC or NYSE American, LLC. This initial universe is composed of U.S.-listed common stocks and American depositary receipts (“ADRs”) issued by small, mid and large capitalization companies. Such securities may be issued by U.S. and non-U.S. companies, including companies operating in developed and emerging markets. This universe is initially narrowed down by excluding those stocks with a share price below $10 and those stocks without an average daily trading volume of at least 150,000shares or a minimum average daily dollar volume of $5 million. The Index then determines a “base price” for each remaining stock. When a stock reaches a recent high in price and at least four weeks elapse without that high being surpassed, this price is identified as the base price. This base is used to determine those stocks nearing breakouts and those stocks experiencing breakouts. In making this determination, the Index utilizes an algorithm that analyses the following trends for each stock:
1. The length of time from the start of the base to the current date.
2. The difference in price between the base start and the lowest subsequent price in the base.
3. The percentage difference between the current price and the high at the start of the base.
4. The percentage change in the stock’s price in each of the last three weeks.
Based upon this technical analysis, the Index eliminates all stocks not identified as nearing a breakout or currently breaking out. Then, stocks are further eliminated that do not meet minimum technical and fundamental factors (primarily price performance, earnings growth, and sales growth).
Each of the remaining stocks is chosen for inclusion in the Index and is assigned a ranking score using IBD’s Composite Ranking, based upon the following components: Earnings Per Share Rating, Relative Price Strength Rating, Industry Group Relative Strength Rating, Sales Margins Return on Equity (SMR) Rating, Accumulation Distribution Rating and Percentage Deviation from 52-week Price High. The Index utilizes this ranking score to assign weights, with those stocks with higher
rankings receiving larger weights. Securities with ranking scores placing them in approximately the 99-80th percentile of Index constituents have 35% of Index weight equally distributed among them. Securities with ranking scores placing them in approximately the 79-60th percentile of Index constituents have 30% of Index weight equally distributed among them. Securities with ranking scores placing them approximately in the 59-40th percentile of Index constituents have 20% of Index weight equally distributed among them. Securities with ranking scores placing them in approximately the 39-20th percentile of Index constituents have 10% of the Index weight equally distributed among them. The remaining securities have 5% of the Index weight equally distributed among them. Additional information regarding the Index’s weighting methodology is set forth in “Index Information.”
The Index is rebalanced and reconstituted weekly. This weekly rebalancing and reconstituting of the Index will cause the Fund to have a higher portfolio turnover rate than similar funds.
The Fund is classified as “diversified” under the 1940 Act. To the extent the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent. As of the date of this prospectus, the Fund has significant exposure to the consumer discretionary, industrials and information technology sectors.
Period | BOUT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -16.7% | 22.3% | 83.76% |
1 Yr | 8.3% | -12.4% | 48.8% | 92.31% |
3 Yr | -0.6%* | -29.3% | 78.7% | 35.34% |
5 Yr | 10.9%* | -4.9% | 97.4% | 16.47% |
10 Yr | N/A* | -0.2% | 36.4% | 57.40% |
* Annualized
Period | BOUT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -27.7% | 68.0% | 82.23% |
2022 | -23.6% | -85.6% | 350.1% | 10.87% |
2021 | 22.7% | -77.0% | 238.3% | 3.41% |
2020 | 50.6% | -44.1% | 2474.5% | 12.92% |
2019 | 20.6% | -50.2% | 44.0% | 75.20% |
Period | BOUT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -16.7% | 22.3% | 83.76% |
1 Yr | 8.3% | -12.4% | 48.8% | 92.31% |
3 Yr | -0.6%* | -29.3% | 78.7% | 35.34% |
5 Yr | 10.9%* | -4.9% | 97.4% | 16.47% |
10 Yr | N/A* | -0.2% | 36.4% | N/A |
* Annualized
Period | BOUT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.3% | -26.1% | 68.0% | 90.48% |
2022 | -22.6% | -67.0% | 440.7% | 17.31% |
2021 | 22.7% | -23.5% | 342.2% | 10.23% |
2020 | 50.6% | 2.6% | 2549.1% | 24.66% |
2019 | 20.6% | 14.6% | 44.8% | 98.59% |
BOUT | Category Low | Category High | BOUT % Rank | |
---|---|---|---|---|
Net Assets | 14.2 M | 2.73 M | 100 B | 97.99% |
Number of Holdings | 75 | 25 | 3644 | 49.09% |
Net Assets in Top 10 | 5.58 M | 449 K | 9.69 B | 97.26% |
Weighting of Top 10 | 42.22% | 0.4% | 99.9% | 16.97% |
Weighting | Return Low | Return High | BOUT % Rank | |
---|---|---|---|---|
Stocks | 99.33% | 0.92% | 101.49% | 32.66% |
Cash | 19.87% | 0.00% | 99.08% | 1.46% |
Preferred Stocks | 0.00% | 0.00% | 5.46% | 55.11% |
Other | 0.00% | -0.18% | 16.96% | 63.87% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 48.36% |
Bonds | 0.00% | -3.27% | 1.87% | 51.46% |
Weighting | Return Low | Return High | BOUT % Rank | |
---|---|---|---|---|
Healthcare | 26.15% | 0.00% | 37.06% | 6.39% |
Basic Materials | 17.25% | 0.00% | 17.25% | 0.18% |
Communication Services | 15.28% | 0.00% | 18.33% | 2.19% |
Energy | 14.29% | 0.00% | 62.10% | 3.65% |
Utilities | 12.94% | 0.00% | 12.94% | 0.18% |
Technology | 5.95% | 0.04% | 62.17% | 97.08% |
Industrials | 5.95% | 0.00% | 38.23% | 91.61% |
Consumer Defense | 2.18% | 0.00% | 16.40% | 52.55% |
Real Estate | 0.00% | 0.00% | 19.28% | 89.42% |
Financial Services | 0.00% | 0.00% | 43.01% | 97.63% |
Consumer Cyclical | 0.00% | 0.00% | 57.41% | 100.00% |
Weighting | Return Low | Return High | BOUT % Rank | |
---|---|---|---|---|
US | 99.33% | 0.64% | 101.49% | 26.64% |
Non US | 0.00% | 0.00% | 34.57% | 60.22% |
BOUT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.85% | 0.02% | 17.54% | 73.03% |
Management Fee | 0.80% | 0.00% | 1.50% | 74.59% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.51% |
Administrative Fee | N/A | 0.00% | 0.40% | N/A |
BOUT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
BOUT 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.
BOUT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 250.31% | N/A |
BOUT | Category Low | Category High | BOUT % Rank | |
---|---|---|---|---|
Dividend Yield | 1.32% | 0.00% | 34.32% | 6.02% |
BOUT | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
BOUT | Category Low | Category High | BOUT % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.07% | -2.24% | 2.75% | 14.07% |
BOUT | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Jan 02, 2024 | $0.437 | OrdinaryDividend |
Jan 03, 2023 | $0.398 | OrdinaryDividend |
Jan 02, 2019 | $0.039 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 12, 2018
3.72
3.7%
Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.
Start Date
Tenure
Tenure Rank
Sep 12, 2018
3.72
3.7%
Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.
Start Date
Tenure
Tenure Rank
Sep 12, 2018
3.72
3.7%
Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 36.3 | 9.2 | 2.25 |
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