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 12/31/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
0.0%
1 yr return
13.6%
3 Yr Avg Return
1.5%
5 Yr Avg Return
6.9%
Net Assets
$24.8 M
Holdings in Top 10
15.8%
Expense Ratio 1.33%
Front Load N/A
Deferred Load N/A
Turnover 50.00%
Redemption Fee N/A
Standard (Taxable)
$50,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/31/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Period | HRCSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -3.7% | 16.4% | 35.53% |
1 Yr | 13.6% | -3.7% | 16.4% | 40.79% |
3 Yr | 1.5%* | -15.5% | 2.7% | 20.00% |
5 Yr | 6.9%* | -7.5% | 11.4% | 74.65% |
10 Yr | 6.4%* | -0.9% | 11.0% | 73.33% |
* Annualized
Period | HRCSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | 8.8% | -7.7% | 11.6% | 44.16% |
2023 | 7.3% | -37.8% | 13.1% | 47.37% |
2022 | -16.0% | -26.9% | 2.4% | 34.21% |
2021 | -10.6% | -18.9% | 41.4% | 62.50% |
2020 | 19.7% | 9.9% | 54.0% | 93.06% |
Period | HRCSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -3.7% | 16.4% | 35.53% |
1 Yr | 13.6% | -3.7% | 16.4% | 40.79% |
3 Yr | 1.5%* | -15.5% | 2.7% | 20.00% |
5 Yr | 6.9%* | -7.5% | 11.4% | 74.65% |
10 Yr | 6.4%* | -0.9% | 11.0% | 73.33% |
* Annualized
Period | HRCSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | 12.5% | -7.7% | 14.1% | 36.36% |
2023 | 10.0% | -37.8% | 15.3% | 51.32% |
2022 | -15.5% | -22.8% | 11.3% | 51.32% |
2021 | 2.3% | -3.4% | 64.4% | 52.78% |
2020 | 31.4% | 12.2% | 61.0% | 93.06% |
HRCSX | Category Low | Category High | HRCSX % Rank | |
---|---|---|---|---|
Net Assets | 24.8 M | 13.4 M | 4.3 B | 93.51% |
Number of Holdings | 127 | 41 | 381 | 25.97% |
Net Assets in Top 10 | 3.92 M | 3.92 M | 653 M | 98.70% |
Weighting of Top 10 | 15.78% | 9.5% | 46.5% | 88.31% |
Weighting | Return Low | Return High | HRCSX % Rank | |
---|---|---|---|---|
Convertible Bonds | 99.72% | 37.15% | 99.72% | 3.90% |
Bonds | 88.64% | 0.00% | 98.30% | 32.47% |
Preferred Stocks | 8.90% | 0.00% | 22.50% | 35.06% |
Cash | 2.46% | -78.94% | 9.51% | 44.16% |
Stocks | 0.00% | 0.00% | 23.09% | 88.31% |
Other | 0.00% | -17.11% | 5.40% | 74.03% |
Weighting | Return Low | Return High | HRCSX % Rank | |
---|---|---|---|---|
Corporate | 99.72% | 91.11% | 100.00% | 23.38% |
Derivative | 0.00% | -0.03% | 0.76% | 71.43% |
Cash & Equivalents | 0.00% | 0.00% | 9.51% | 93.51% |
Securitized | 0.00% | 0.00% | 0.00% | 67.53% |
Municipal | 0.00% | 0.00% | 0.00% | 67.53% |
Government | 0.00% | 0.00% | 2.94% | 71.43% |
Weighting | Return Low | Return High | HRCSX % Rank | |
---|---|---|---|---|
US | 88.64% | 0.00% | 98.30% | 28.57% |
Non US | 0.00% | 0.00% | 15.91% | 77.92% |
HRCSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.33% | 0.20% | 2.87% | 36.36% |
Management Fee | 0.50% | 0.20% | 1.00% | 11.69% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.00% |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
HRCSX 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 |
HRCSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | 87.50% |
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.
HRCSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 50.00% | 30.00% | 154.00% | 39.13% |
HRCSX | Category Low | Category High | HRCSX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.67% | 0.00% | 4.30% | 12.99% |
HRCSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
HRCSX | Category Low | Category High | HRCSX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.18% | -3.72% | 3.69% | 75.00% |
HRCSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 20, 2024 | $0.133 | OrdinaryDividend |
Sep 30, 2024 | $0.079 | OrdinaryDividend |
Mar 28, 2024 | $0.081 | OrdinaryDividend |
Dec 19, 2023 | $0.065 | OrdinaryDividend |
Sep 29, 2023 | $0.096 | OrdinaryDividend |
Jun 30, 2023 | $0.097 | OrdinaryDividend |
Dec 19, 2022 | $0.055 | OrdinaryDividend |
Sep 29, 2022 | $0.006 | OrdinaryDividend |
Dec 20, 2021 | $1.643 | OrdinaryDividend |
Dec 17, 2020 | $1.235 | OrdinaryDividend |
Sep 29, 2020 | $0.004 | OrdinaryDividend |
Jun 29, 2020 | $0.008 | OrdinaryDividend |
Mar 30, 2020 | $0.011 | OrdinaryDividend |
Dec 16, 2019 | $0.026 | OrdinaryDividend |
Dec 16, 2019 | $0.216 | CapitalGainShortTerm |
Dec 16, 2019 | $0.117 | CapitalGainLongTerm |
Sep 26, 2019 | $0.014 | OrdinaryDividend |
Mar 28, 2019 | $0.016 | OrdinaryDividend |
Dec 17, 2018 | $0.082 | OrdinaryDividend |
Dec 17, 2018 | $0.360 | CapitalGainShortTerm |
Dec 17, 2018 | $0.131 | CapitalGainLongTerm |
Jun 28, 2018 | $0.014 | OrdinaryDividend |
Mar 28, 2018 | $0.014 | OrdinaryDividend |
Dec 18, 2017 | $0.013 | OrdinaryDividend |
Dec 18, 2017 | $1.002 | CapitalGainShortTerm |
Sep 28, 2017 | $0.032 | OrdinaryDividend |
Jun 29, 2017 | $0.023 | OrdinaryDividend |
Mar 30, 2017 | $0.032 | OrdinaryDividend |
Dec 19, 2016 | $0.059 | OrdinaryDividend |
Sep 29, 2016 | $0.017 | OrdinaryDividend |
Jun 29, 2016 | $0.020 | OrdinaryDividend |
Mar 30, 2016 | $0.019 | OrdinaryDividend |
Dec 17, 2015 | $0.136 | OrdinaryDividend |
Dec 17, 2015 | $0.195 | CapitalGainLongTerm |
Sep 24, 2015 | $0.025 | OrdinaryDividend |
Jun 29, 2015 | $0.026 | OrdinaryDividend |
Mar 30, 2015 | $0.030 | OrdinaryDividend |
Dec 18, 2014 | $0.113 | OrdinaryDividend |
Dec 18, 2014 | $0.077 | CapitalGainShortTerm |
Dec 18, 2014 | $0.342 | CapitalGainLongTerm |
Sep 25, 2014 | $0.031 | OrdinaryDividend |
Jun 26, 2014 | $0.025 | OrdinaryDividend |
Mar 27, 2014 | $0.030 | OrdinaryDividend |
Dec 17, 2013 | $0.091 | OrdinaryDividend |
Dec 17, 2013 | $0.107 | CapitalGainLongTerm |
Sep 26, 2013 | $0.037 | OrdinaryDividend |
Jun 27, 2013 | $0.023 | OrdinaryDividend |
Mar 28, 2013 | $0.032 | OrdinaryDividend |
Dec 17, 2012 | $0.108 | OrdinaryDividend |
Sep 27, 2012 | $0.040 | OrdinaryDividend |
Jun 28, 2012 | $0.049 | OrdinaryDividend |
Mar 29, 2012 | $0.047 | OrdinaryDividend |
Dec 16, 2011 | $0.085 | OrdinaryDividend |
Sep 29, 2011 | $0.031 | OrdinaryDividend |
Jun 29, 2011 | $0.019 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
May 02, 2011
11.09
11.1%
Mark R. Shenkman founded Shenkman Capital Management, Inc. in 1985. With 46 years of investment experience, and 38 years of high yield investment experience, he is considered one of the pioneers of the high yield bond and loan markets. Prior to founding Shenkman in 1985, Mr. Shenkman was President and Chief Investment Officer of First Investors Asset Management in New York. He also was Co-Manager and Vice President of the High Yield Bond Department at Lehman Brothers Kuhn Loeb in New York, where he established one of Wall Street’s earliest departments dedicated to the research, selling and trading of high yield securities. Mr. Shenkman was a research analyst and an equity portfolio manager at Fidelity Management and Research Company in Boston. From 1977 to 1979, he managed the first high yield bond mutual funds at Fidelity. Additionally, Mr. Shenkman is Chairman of the Board of Directors of the UCONN Foundation. He is a member of the Board of Trustees at The George Washington University; Vice Chairman of the Board at Wilbraham & Monson Academy since 1969; and he currently serves on the College of William and Mary, Mason School of Business Board of Advisors. He is also on the Board of Directors of the Hillel Foundation in Washington D.C. Mr. Shenkman received a BA in Political Science from the University of Connecticut (1965) and an MBA from The George Washington University (1967). Mr. Shenkman also received a Doctor of Humane Letters, honoris causa, from the University of Connecticut (2007).
Start Date
Tenure
Tenure Rank
Mar 01, 2016
6.25
6.3%
Jordan Barrow joined Shenkman Capital in 2004. He has over 16 years of leveraged finance investing experience and has been a portfolio manager since 2011. Mr. Barrow has experience managing portfolios for the firm’s High Yield, Short Duration, and Convertible strategies. He started his career as a high yield research analyst specializing in Healthcare and has also covered Retail, Technology and Service Industries. In 2010, Mr. Barrow was instrumental in launching the firm’s Short Duration High Yield Strategy. He was also key in the launches of the Global Convertible and Investment Grade Convertible Strategies, in 2015 and 2014, respectively. Mr. Barrow is a member of Shenkman Capital’s Risk Committee and currently serves on the board of the Friends of Mount Sinai Health System. Mr. Barrow received a BA degree in Economics and International Relations from the University of Pennsylvania. In addition, he is a CFA charterholder (2007).
Start Date
Tenure
Tenure Rank
Mar 01, 2017
5.25
5.3%
Justin W. Slatky joined Shenkman Capital in 2011. He has 21 years of investing experience in high yield and distressed securities. Prior to joining Shenkman Capital, Mr. Slatky was Co-Head and Managing Director of the Distressed Bond business in New York and London for Goldman Sachs. He was also a member of the Credit Investment Committee charged with reviewing proprietary investments within the Credit Department. Before joining the distressed bond business in 2002, Mr. Slatky was a telecom high yield analyst and a recipient of Institutional Investor’s Runner-Up award. He joined Goldman Sachs from Credit Suisse First Boston in 1999, where he worked as a high yield analyst as part of an II ranked telecom team. Mr. Slatky graduated magna cum laude with a BS in Economics (1998) and an MBA (1999) from The Wharton School at the University of Pennsylvania.
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Tom Whitley joined Shenkman Capital in 2008. He has over 13 years of research experience covering various industries, including the healthcare sector. He has been a member of the convertible team since 2012. Mr. Whitley previously worked as an Equity Research Assistant at Chapdelaine Institutional Equities and as an Associate at Moody's Investors Service. Mr. Whitley received a BS in Business Administration from Villanova University. He is a CFA charterholder (2011).
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 36.97 | 10.28 | 7.42 |
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