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 10/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.6%
1 yr return
14.2%
3 Yr Avg Return
2.6%
5 Yr Avg Return
4.5%
Net Assets
$246 M
Holdings in Top 10
16.3%
Expense Ratio 0.78%
Front Load N/A
Deferred Load N/A
Turnover 93.00%
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal circumstances, the fund invests in various types of lower-rated, higher yielding debt instruments, including corporate obligations, floating rate loans and other debt obligations. The fund may invest in debt obligations of U.S. and non-U.S. issuers, including emerging market debt. The fund’s investment in non-U.S. issuers may at times be significant.
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in high yield securities. These securities will be chosen from the broad universe of available U.S. dollar denominated, high yield securities rated below investment grade by the ICE BofA US Cash Pay High Yield Index or unrated securities that the subadviser believes are of comparable quality. Such securities are commonly known as “junk bonds” and present greater risks than investment grade bonds. Although the fund seeks to achieve its investment objective primarily through investment in high yield securities, the fund may invest up to 20% of its net assets in investment grade instruments.
The fund will be managed with a duration that is close to the fund’s comparative benchmark, the ICE BofA US High Yield BB-B Constrained Index, which is generally between 3 and 6 years. Duration measures a bond or fund’s sensitivity to interest rate or other changes (such as changes in a bond’s yield) and is expressed as a number of years or days. The higher the number, the greater the risk. Under normal circumstances, for example, if a portfolio has a duration of 5 years, its value will change by 5% if yields change by 1%. Shorter duration bonds generally result in lower expected volatility. The fund may also invest a portion of its assets in instruments that are restricted as to resale.
In addition, to implement its investment strategy, the fund may buy or sell derivative instruments (such as swaps, including credit default swaps, futures and warrants) to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or credit risks. The fund may count the value of certain derivatives with below investment grade fixed income characteristics towards its policy to invest, under normal circumstances, at least 80% of its net assets in high yield securities.
Period | SAMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.6% | -5.8% | 15.9% | 69.09% |
1 Yr | 14.2% | -1.2% | 20.3% | 70.71% |
3 Yr | 2.6%* | -14.5% | 21.0% | 46.85% |
5 Yr | 4.5%* | -12.0% | 37.3% | 24.74% |
10 Yr | N/A* | -5.0% | 20.3% | 31.91% |
* Annualized
Period | SAMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.0% | -4.7% | 14.3% | 26.62% |
2022 | -15.0% | -33.4% | 3.6% | 40.98% |
2021 | -0.3% | -8.4% | 8.2% | 63.10% |
2020 | 4.8% | -13.2% | 302.7% | 4.38% |
2019 | 7.5% | -4.4% | 13.3% | 58.02% |
Period | SAMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.6% | -5.8% | 15.9% | 69.09% |
1 Yr | 14.2% | -1.2% | 20.3% | 70.71% |
3 Yr | 2.6%* | -14.5% | 21.0% | 46.85% |
5 Yr | 4.5%* | -12.0% | 37.3% | 24.74% |
10 Yr | N/A* | -5.0% | 20.3% | 30.57% |
* Annualized
Period | SAMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.4% | -4.7% | 18.7% | 16.56% |
2022 | -10.2% | -33.4% | 47.8% | 40.66% |
2021 | 4.3% | -8.4% | 12.4% | 67.35% |
2020 | 10.3% | -9.6% | 325.6% | 4.73% |
2019 | 13.0% | -3.8% | 19.4% | 61.26% |
SAMHX | Category Low | Category High | SAMHX % Rank | |
---|---|---|---|---|
Net Assets | 246 M | 3.13 M | 23.6 B | 69.74% |
Number of Holdings | 238 | 2 | 3879 | 71.22% |
Net Assets in Top 10 | 63.9 M | -492 M | 5.25 B | 59.67% |
Weighting of Top 10 | 16.33% | 4.2% | 146.0% | 35.61% |
Weighting | Return Low | Return High | SAMHX % Rank | |
---|---|---|---|---|
Bonds | 96.27% | 0.00% | 145.36% | 41.26% |
Cash | 5.06% | -52.00% | 48.02% | 34.31% |
Convertible Bonds | 1.59% | 0.00% | 17.89% | 28.46% |
Stocks | 1.28% | 0.00% | 99.64% | 31.72% |
Preferred Stocks | 0.08% | 0.00% | 4.97% | 34.96% |
Other | 0.00% | -39.08% | 99.96% | 81.63% |
Weighting | Return Low | Return High | SAMHX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 33.17% | N/A |
Real Estate | 0.00% | 0.00% | 86.71% | N/A |
Industrials | 0.00% | 0.00% | 93.12% | N/A |
Healthcare | 0.00% | 0.00% | 22.17% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 99.99% | N/A |
Consumer Defense | 0.00% | 0.00% | 100.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Weighting | Return Low | Return High | SAMHX % Rank | |
---|---|---|---|---|
US | 1.28% | 0.00% | 99.64% | 31.71% |
Non US | 0.00% | -0.01% | 0.83% | 80.49% |
Weighting | Return Low | Return High | SAMHX % Rank | |
---|---|---|---|---|
Corporate | 97.08% | 0.00% | 100.00% | 29.15% |
Cash & Equivalents | 5.06% | 0.00% | 48.02% | 29.27% |
Derivative | 0.00% | -14.19% | 42.26% | 78.37% |
Securitized | 0.00% | 0.00% | 97.24% | 89.25% |
Municipal | 0.00% | 0.00% | 1.17% | 79.15% |
Government | 0.00% | 0.00% | 99.07% | 87.79% |
Weighting | Return Low | Return High | SAMHX % Rank | |
---|---|---|---|---|
US | 96.27% | 0.00% | 126.57% | 28.46% |
Non US | 0.00% | 0.00% | 96.91% | 88.13% |
SAMHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.78% | 0.02% | 38.33% | 68.83% |
Management Fee | 0.45% | 0.00% | 1.75% | 19.45% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.00% | 0.50% | 57.67% |
SAMHX 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 |
SAMHX 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.
SAMHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 93.00% | 1.00% | 255.00% | 84.72% |
SAMHX | Category Low | Category High | SAMHX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.11% | 0.00% | 11.76% | 35.38% |
SAMHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
SAMHX | Category Low | Category High | SAMHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.21% | -2.39% | 9.30% | 59.11% |
SAMHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.041 | OrdinaryDividend |
Aug 30, 2024 | $0.049 | OrdinaryDividend |
Jul 31, 2024 | $0.046 | OrdinaryDividend |
Jun 30, 2024 | $0.042 | OrdinaryDividend |
Apr 30, 2024 | $0.044 | OrdinaryDividend |
Mar 28, 2024 | $0.046 | OrdinaryDividend |
Feb 28, 2024 | $0.042 | OrdinaryDividend |
Jan 31, 2024 | $0.042 | OrdinaryDividend |
Dec 29, 2023 | $0.046 | OrdinaryDividend |
Nov 30, 2023 | $0.043 | OrdinaryDividend |
Oct 31, 2023 | $0.043 | OrdinaryDividend |
Sep 29, 2023 | $0.042 | OrdinaryDividend |
Aug 31, 2023 | $0.042 | OrdinaryDividend |
Jul 31, 2023 | $0.038 | OrdinaryDividend |
Jun 30, 2023 | $0.042 | OrdinaryDividend |
May 31, 2023 | $0.040 | OrdinaryDividend |
Apr 28, 2023 | $0.035 | OrdinaryDividend |
Mar 31, 2023 | $0.041 | OrdinaryDividend |
Feb 28, 2023 | $0.034 | OrdinaryDividend |
Jan 31, 2023 | $0.034 | OrdinaryDividend |
Dec 30, 2022 | $0.039 | OrdinaryDividend |
Nov 30, 2022 | $0.035 | OrdinaryDividend |
Oct 31, 2022 | $0.033 | OrdinaryDividend |
Sep 30, 2022 | $0.036 | OrdinaryDividend |
Aug 31, 2022 | $0.034 | OrdinaryDividend |
Jul 29, 2022 | $0.034 | OrdinaryDividend |
Jun 30, 2022 | $0.034 | OrdinaryDividend |
May 31, 2022 | $0.033 | OrdinaryDividend |
Apr 29, 2022 | $0.033 | OrdinaryDividend |
Mar 31, 2022 | $0.033 | OrdinaryDividend |
Feb 28, 2022 | $0.030 | OrdinaryDividend |
Jan 31, 2022 | $0.030 | OrdinaryDividend |
Dec 31, 2021 | $0.034 | OrdinaryDividend |
Nov 30, 2021 | $0.030 | OrdinaryDividend |
Oct 29, 2021 | $0.031 | OrdinaryDividend |
Sep 30, 2021 | $0.029 | OrdinaryDividend |
Aug 31, 2021 | $0.030 | OrdinaryDividend |
Jul 30, 2021 | $0.031 | OrdinaryDividend |
Jun 30, 2021 | $0.029 | OrdinaryDividend |
May 28, 2021 | $0.029 | OrdinaryDividend |
Apr 30, 2021 | $0.032 | OrdinaryDividend |
Mar 31, 2021 | $0.032 | OrdinaryDividend |
Feb 26, 2021 | $0.029 | OrdinaryDividend |
Jan 29, 2021 | $0.029 | OrdinaryDividend |
Dec 31, 2020 | $0.037 | OrdinaryDividend |
Nov 30, 2020 | $0.031 | OrdinaryDividend |
Oct 30, 2020 | $0.036 | OrdinaryDividend |
Sep 30, 2020 | $0.033 | OrdinaryDividend |
Aug 31, 2020 | $0.032 | OrdinaryDividend |
Jul 31, 2020 | $0.038 | OrdinaryDividend |
Jun 30, 2020 | $0.034 | OrdinaryDividend |
May 29, 2020 | $0.035 | OrdinaryDividend |
Apr 30, 2020 | $0.034 | OrdinaryDividend |
Mar 31, 2020 | $0.031 | OrdinaryDividend |
Feb 28, 2020 | $0.028 | OrdinaryDividend |
Jan 31, 2020 | $0.032 | OrdinaryDividend |
Dec 31, 2019 | $0.031 | OrdinaryDividend |
Nov 29, 2019 | $0.032 | OrdinaryDividend |
Oct 31, 2019 | $0.033 | OrdinaryDividend |
Sep 30, 2019 | $0.030 | OrdinaryDividend |
Aug 30, 2019 | $0.036 | OrdinaryDividend |
Jul 31, 2019 | $0.034 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Feb 07, 2007
15.32
15.3%
Mike serves as a senior portfolio manager with lead portfolio management responsibility for the High Quality High Yield Strategy and the Full Market High Yield Strategy. Mike joined the firm as a leveraged finance research analyst covering financials and has been a senior portfolio manager of the firm since 2007. Prior to joining the firm in 2002, Mike was a senior analyst with Oppenheimer Funds, Inc., covering the telecommunications and cable industries. He was previously vice president and co-head of research at BNY Capital Markets, Inc., where he held responsibility for the telecommunications and consumer related industries. Prior to that he was at Mendham Capital Group as a managing partner in high yield research, where he focused on consumer-related industries. Mike received a B.S. degree in Civil Engineering from the University of Delaware, School of Engineering and an M.B.A. degree from Rutgers University.
Start Date
Tenure
Tenure Rank
Jun 19, 2013
8.95
9.0%
James is head of leveraged finance trading, and also serves as a co-portfolio manager for the High Quality High Yield Strategy and the Full Market High Yield Strategy. In addition, he has research responsibilities for the financials industry. Upon joining the firm in 1997 with a background in fixed income analysis and trading, James served as an analyst, co-portfolio manager, and head trader in the mortgage-backed securities group. In 2002, he joined the high yield group as a trader and later was named head of the High Yield Trading team. Prior to joining Seix, James was with Prudential Securities, where he handled corporate, government and mortgage trades as well as settlement and portfolio administration. James received a B.A. degree in Marketing from the University of Delaware and is a CFA Charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.3 | 8.17 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...