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 10/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
11.5%
1 yr return
21.5%
3 Yr Avg Return
4.9%
5 Yr Avg Return
8.7%
Net Assets
$672 M
Holdings in Top 10
27.1%
Expense Ratio 0.69%
Front Load N/A
Deferred Load N/A
Turnover 19.00%
Redemption Fee N/A
Standard (Taxable)
$250,000
IRA
$250,000
Fund Type
Open End Mutual Fund
Name
As of 10/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in income producing securities. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund invests in a combination of common stock, preferred stock, convertible securities, fixed income securities (including corporate bonds, mortgage-backed and asset-backed securities, U.S. government securities, and money market instruments), and other investment companies (including exchange-traded funds (“ETFs”) and closed-end investment companies (“closed-end funds”)). The Fund may invest up to 25% of its net assets in foreign securities, including American Depositary Receipts (“ADRs”). The Fund focuses on companies with market capitalizations within the range of the Russell 1000® Index during the prior year, but may invest in companies not included in the Index. As of December 31, 2023, the market capitalization range for the Russell 1000® Index was approximately $644 million to $3.0 trillion. The Fund may invest without limit in securities of any credit quality, including securities that are rated below investment grade (“high yield” or “junk” bonds) and those in default. The Fund may also invest up to 25% of its assets in the sale (writing) of covered call or put options on common stocks to generate additional income and reduce volatility.
In selecting securities for the Fund, the Adviser utilizes a bottom-up, fundamental selection process that focuses on identifying companies across various sectors that are attractively valued and can deliver consistently strong free cash flow growth and above average return on equity. The Adviser
looks for a proven history of solid business execution in the companies in which the Fund invests, because the Adviser believes that it is indicative of the value of the company’s underlying franchise or market position, and companies with such a history typically have a proprietary product or business approach that allows them to be leaders within their respective industries. Based on an assessment of relative and absolute attractiveness, an investment may be made in a company’s common stock, preferred stock, and/or debt.
The Fund intends to buy and hold securities of companies for the long-term, and seeks to limit portfolio turnover. The Fund may sell a security, however, when a company’s fundamental business prospects or ability to generate cash deteriorates, its management becomes less stable or it becomes overvalued, or when more attractive alternatives exist.
Period | AWIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.5% | -3.1% | 50.1% | 61.35% |
1 Yr | 21.5% | -2.3% | 64.8% | 58.05% |
3 Yr | 4.9%* | -4.2% | 13.7% | 25.59% |
5 Yr | 8.7%* | -2.8% | 18.9% | 27.98% |
10 Yr | 8.3%* | 1.4% | 12.1% | 18.92% |
* Annualized
Period | AWIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.3% | -12.2% | 23.9% | 28.39% |
2022 | -16.6% | -34.7% | 2.8% | 31.33% |
2021 | 14.1% | -11.9% | 18.1% | 2.73% |
2020 | 9.7% | -20.9% | 39.7% | 32.81% |
2019 | 20.4% | 0.8% | 25.7% | 2.77% |
Period | AWIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.5% | -3.1% | 50.1% | 61.35% |
1 Yr | 21.5% | -2.3% | 64.8% | 58.05% |
3 Yr | 4.9%* | -4.2% | 13.7% | 25.59% |
5 Yr | 8.7%* | -2.8% | 18.9% | 27.98% |
10 Yr | 8.3%* | 1.4% | 12.1% | 18.92% |
* Annualized
Period | AWIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.1% | -12.2% | 26.8% | 32.28% |
2022 | -14.8% | -29.0% | 10.9% | 47.88% |
2021 | 18.0% | -3.0% | 27.3% | 5.91% |
2020 | 11.9% | -19.5% | 40.6% | 58.00% |
2019 | 23.3% | 2.2% | 32.7% | 9.95% |
AWIIX | Category Low | Category High | AWIIX % Rank | |
---|---|---|---|---|
Net Assets | 672 M | 789 K | 230 B | 61.37% |
Number of Holdings | 102 | 2 | 16015 | 43.52% |
Net Assets in Top 10 | 191 M | 577 K | 69.8 B | 65.71% |
Weighting of Top 10 | 27.12% | 11.0% | 122.7% | 76.80% |
Weighting | Return Low | Return High | AWIIX % Rank | |
---|---|---|---|---|
Stocks | 64.06% | 0.00% | 100.16% | 61.67% |
Bonds | 33.55% | 0.00% | 74.58% | 25.22% |
Cash | 2.10% | -7.92% | 100.00% | 42.94% |
Preferred Stocks | 0.29% | 0.00% | 23.91% | 12.25% |
Other | 0.00% | -42.55% | 113.97% | 68.88% |
Convertible Bonds | 0.00% | 0.00% | 23.84% | 93.32% |
Weighting | Return Low | Return High | AWIIX % Rank | |
---|---|---|---|---|
Technology | 26.38% | 0.00% | 44.21% | 7.13% |
Financial Services | 16.86% | 0.00% | 38.77% | 20.52% |
Industrials | 13.38% | 0.00% | 24.37% | 7.86% |
Consumer Cyclical | 9.55% | 0.00% | 19.36% | 54.29% |
Healthcare | 7.84% | 0.00% | 29.35% | 90.68% |
Consumer Defense | 5.41% | 0.00% | 15.14% | 80.64% |
Real Estate | 4.86% | 0.00% | 65.01% | 29.84% |
Basic Materials | 4.29% | 0.00% | 33.35% | 45.27% |
Communication Services | 4.16% | 0.00% | 38.10% | 92.87% |
Energy | 4.10% | 0.00% | 85.65% | 59.24% |
Utilities | 3.16% | 0.00% | 99.55% | 40.47% |
Weighting | Return Low | Return High | AWIIX % Rank | |
---|---|---|---|---|
US | 64.06% | 0.00% | 100.16% | 55.76% |
Non US | 0.00% | 0.00% | 39.06% | 60.52% |
Weighting | Return Low | Return High | AWIIX % Rank | |
---|---|---|---|---|
Corporate | 61.87% | 0.00% | 98.21% | 13.64% |
Government | 20.47% | 0.00% | 97.26% | 68.36% |
Municipal | 7.02% | 0.00% | 24.80% | 2.47% |
Cash & Equivalents | 1.76% | 0.00% | 99.92% | 43.37% |
Derivative | 0.00% | -2.87% | 42.43% | 56.48% |
Securitized | 0.00% | 0.00% | 92.13% | 92.89% |
Weighting | Return Low | Return High | AWIIX % Rank | |
---|---|---|---|---|
US | 33.55% | 0.00% | 74.58% | 24.06% |
Non US | 0.00% | 0.00% | 14.05% | 54.76% |
AWIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.69% | 0.03% | 17.63% | 77.51% |
Management Fee | 0.60% | 0.00% | 1.83% | 72.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.83% | N/A |
AWIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
AWIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
AWIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.00% | 0.00% | 343.00% | 22.62% |
AWIIX | Category Low | Category High | AWIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.98% | 0.00% | 17.90% | 43.63% |
AWIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Annual | Annual |
AWIIX | Category Low | Category High | AWIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.78% | -2.34% | 19.41% | 19.65% |
AWIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.082 | OrdinaryDividend |
Mar 27, 2024 | $0.093 | OrdinaryDividend |
Dec 28, 2023 | $0.096 | OrdinaryDividend |
Sep 28, 2023 | $0.086 | OrdinaryDividend |
Jun 29, 2023 | $0.076 | OrdinaryDividend |
Mar 30, 2023 | $0.083 | OrdinaryDividend |
Dec 29, 2022 | $0.080 | OrdinaryDividend |
Sep 29, 2022 | $0.076 | OrdinaryDividend |
Jun 29, 2022 | $0.074 | OrdinaryDividend |
Mar 30, 2022 | $0.074 | OrdinaryDividend |
Dec 22, 2021 | $0.338 | CapitalGainLongTerm |
Sep 29, 2021 | $0.069 | OrdinaryDividend |
Jun 29, 2021 | $0.066 | OrdinaryDividend |
Mar 30, 2021 | $0.060 | OrdinaryDividend |
Dec 30, 2020 | $0.066 | OrdinaryDividend |
Sep 29, 2020 | $0.059 | OrdinaryDividend |
Jun 29, 2020 | $0.060 | OrdinaryDividend |
Mar 30, 2020 | $0.065 | OrdinaryDividend |
Dec 30, 2019 | $0.089 | OrdinaryDividend |
Sep 27, 2019 | $0.060 | OrdinaryDividend |
Jun 27, 2019 | $0.080 | OrdinaryDividend |
Mar 28, 2019 | $0.067 | OrdinaryDividend |
Dec 28, 2018 | $0.074 | OrdinaryDividend |
Dec 20, 2018 | $0.048 | CapitalGainLongTerm |
Sep 27, 2018 | $0.076 | OrdinaryDividend |
Jun 28, 2018 | $0.058 | OrdinaryDividend |
Mar 28, 2018 | $0.080 | OrdinaryDividend |
Dec 28, 2017 | $0.072 | OrdinaryDividend |
Sep 28, 2017 | $0.073 | OrdinaryDividend |
Jun 29, 2017 | $0.055 | OrdinaryDividend |
Mar 30, 2017 | $0.069 | OrdinaryDividend |
Dec 29, 2016 | $0.069 | OrdinaryDividend |
Sep 29, 2016 | $0.070 | OrdinaryDividend |
Jun 29, 2016 | $0.064 | OrdinaryDividend |
Mar 30, 2016 | $0.088 | OrdinaryDividend |
Dec 30, 2015 | $0.077 | OrdinaryDividend |
Sep 29, 2015 | $0.080 | OrdinaryDividend |
Jun 29, 2015 | $0.073 | OrdinaryDividend |
Mar 30, 2015 | $0.068 | OrdinaryDividend |
Dec 30, 2014 | $0.084 | OrdinaryDividend |
Dec 22, 2014 | $0.006 | CapitalGainShortTerm |
Dec 22, 2014 | $0.023 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Jun 27, 2014
7.93
7.9%
Gary Pzegeo, CFA, Managing Director, is a co-manager of CIBC Private Wealth Advisors, Inc. Mr. Pzegeo has been associated with the firm and/or its affiliates since 2007. Prior to 2007, he served as senior portfolio specialist and senior portfolio manager of high yield bonds at Evergreen Investments. Previously, he was a vice president, portfolio manager and head of taxable bonds at Gannet, Welsh & Kotler. He also served as managing director and portfolio manager with Evergreen Investments from 1990-2001. From 1990 through 1997, Pzegeo served as a fixed income analyst and trader with EIMC, becoming a portfolio manager in 1997. Mr. Pzegeo has been in the financial services industry for more than 29 years. And he has earned the designation of chartered financial analyst.
Start Date
Tenure
Tenure Rank
Jun 27, 2014
7.93
7.9%
Brant Houston, CFA, Senior Vice President, has been associated with the AT investment and/or its affiliates since 2007. Prior to 2007, Mr. Houston worked in various investment and analytic roles at Geronimo Financial, Nicholas Applegate Capital Management and Wilshire Associates. Mr. Houston began his investment career since 1999.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.36 | 2.41 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
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