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Steward Global Equity Income Fund
mutual fund
SGIGX
Payout Change
Pending
Price as of:
$30.77
+0.21
+0.69%
primary theme
N/A
share class
SGIGX (Mutual Fund)
Steward Global Equity Income Fund
Payout Change
Pending
Price as of:
$30.77
+0.21
+0.69%
primary theme
N/A
share class
SGIGX (Mutual Fund)
Steward Global Equity Income Fund
Payout Change
Pending
Price as of:
$30.77
+0.21
+0.69%
primary theme
N/A
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
10.9%
1 yr return
10.5%
3 Yr Avg Return
5.1%
5 Yr Avg Return
8.3%
Net Assets
$390 M
Holdings in Top 10
22.3%
52 WEEK LOW AND HIGH
$30.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SGIGX - Profile
Distributions
- YTD Total Return 10.9%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.03%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSteward Global Equity Income Fund
-
Fund Family NameCrossmark Global Investments, Inc.
-
Inception DateDec 14, 2017
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Wolf
Fund Description
The Fund pursues its investment objective through investment in U.S. and non-U.S. dividend-paying stocks that have demonstrated above-median yield and a positive trend in dividend payouts and favorable earnings growth, subject to the limitations of the Fund’s values-based screening policies (see “Values-based Screens” below).
The Fund invests primarily in common stocks of companies that represent a broad spectrum of the global economy and a range of market capitalizations,
including large-cap, mid-cap and small-cap. The Fund may also invest in other investment companies and real estate investment trusts. The Fund will invest in dividend-paying securities of issuers throughout the world. The Fund seeks to diversify its investments across a number of different countries throughout the world, and, under normal market conditions, the Fund invests in at least five different countries (including the U.S.). The Fund will invest in at least five different countries at all times, unless the Fund adopts a temporary defensive position in an attempt to respond to adverse market, economic and political conditions. While the Fund will invest in at least five different countries, the Fund expects that its investments will be allocated across 7 to 15 different countries. The Fund’s investments in large capitalization companies (i.e., companies with market capitalizations greater than $10 billion) also contribute to the Fund’s global diversification as large capitalization companies generally market their products and services both domestically and internationally. The Fund invests at least 50% of its net assets in large capitalization companies throughout the world. The Fund will generally seek to have 30% to 50% of its net assets, and, under normal market conditions, no less than 30% of its net assets, invested in securities of non-U.S. issuers.
The Fund’s non-U.S. investments will be primarily in the form of depositary receipts (“DRs”) or dual listed securities, or U.S. dollar-denominated instruments representing securities of non-U.S. issuers that are traded in the U.S. or in non-U.S. markets. The Fund’s DR investments will primarily be sponsored, but the Fund may, on occasion, invest in unsponsored DRs when appropriate sponsored DRs are not available.
In managing the Fund, portfolio management employs a four-step process that combines this dividend income style with relative risk-controlled portfolio construction and the Fund’s values-based screening policies:
| • | An investment universe is created comprised of U.S. exchange-traded, dividend-paying domestic and international stocks with market capitalizations greater than $1 billion. |
| • | A quantitative screen is applied to the universe that identifies various positive attributes such as securities having higher dividend yields within their sectors, positive dividend growth and favorable relative earnings growth. |
| • | A validation process is then applied to each company in the remaining universe with respect to current available information and also focusing on corporate actions, trends and other news that may impact the company. Any security that fails the review is removed from investment consideration. |
| • | The remaining universe is then screened in accordance with the Fund’s values-based screening policies and those companies failing to meet these criteria are removed. Utilizing a multi-factor risk model, a relative risk controlled portfolio is constructed versus a targeted benchmark with companies selected by portfolio management for investment from the remaining universe. When making investment decisions, portfolio |
| management may also consider whether a company, through its activities, both externally and internally, seeks to reduce risk and create long-term resilience through sustainable and responsible business practices, as determined based on data and rankings generated by one or more third-party providers unaffiliated with Crossmark. Crossmark believes that such companies exhibit positive values, including, but not limited to, the fair treatment of employees, respect for the environment, positive engagement with the communities in which they operate, and responsible governance practices. To the extent two or more securities eligible for inclusion in the Fund’s portfolio have similar economic characteristics, portfolio management will typically prefer the securities of the companies that it determines compare more favorably with respect to such positive values. |
Under normal market conditions, the Fund will invest at least 80% (measured at the time of investment) of the value of its net assets, plus the amount of any borrowings for investment purposes, either directly or through other investment companies, in dividend-paying securities. The Fund will also, under normal market conditions, invest at least 80% (measured at the time of investment) of the value of its net assets, plus the amount of any borrowings for investment purposes, either directly or through other investment companies, in equity securities. (Any such other investment company will also have similar policies to invest at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in (a) dividend-paying securities and (b) equity securities.) The Fund will provide shareholders with at least 60 days’ prior notice of any change in these policies.
The Fund may invest up to 80% of its total assets in securities of non-U.S. issuers and no more than 40% of its total assets in securities of companies in emerging market countries.
Values-based Screens. As noted above, in implementing its investment strategies, the Fund applies a set of values-based screens to use its best efforts to avoid investing in companies that are determined by Crossmark, pursuant to screening guidelines approved by the Fund’s Board of Directors, to be: (1) materially involved in the production, distribution, retail, supply or licensing of alcohol or related products; (2) materially involved in the production, distribution, retail, supply or licensing of tobacco or related products (to include vaping and other alternative smoking products); (3) materially involved in gambling (to include the manufacture, distribution and operation of facilities and equipment whose intended use is gambling); (4) directly participating in providing abortions and/or the production of drugs that are used to terminate pregnancy; (5) leasing real estate to facilities providing abortions; (6) directly engaged in scientific research using stem cells derived from human embryos, fetal tissue or human embryo cloning techniques; (7) directly involved in the production, distribution or retail of adult entertainment; or (8) directly involved in the production, distribution, retail, supply or licensing of psychoactive recreational cannabis or derivative products. Because the Fund uses its best
efforts to avoid investments in companies that do not pass the values-based screening criteria, it will divest itself, in a timely manner, of securities of companies that are subsequently added to the list of prohibited companies, although the sale may be delayed if such securities are illiquid or if Crossmark determines that an immediate sale would have a negative tax or other effect on the Fund. However, the Fund may invest up to 5% of its total assets in certain collective investment vehicles or derivatives that may hold or derive value from securities issued by otherwise excluded companies.
For purposes of the alcohol, tobacco and gambling screens, material involvement means that a company derives 10% or more of its revenues from the screened activities. For purposes of the adult entertainment screen, companies directly involved in the production, distribution or retail of adult entertainment (defined as media and materials intended to appeal exclusively to the prurient interest) and companies that derive 2% or more of their revenues from the screened activities are screened. For purposes of the abortion, abortion facilities, stem cell research and cannabis screens, there is no revenue threshold; any direct involvement in the screened activities will cause a company to be screened out of the investment universe. For purposes of the abortion and abortion facilities screens, a company that is not itself directly involved in the screened activities will be screened out of the investment universe if (a) it owns 20% or more of another company that is directly participating in the screened activities, or (b) it is 50% or more owned by another company that is directly participating in the screened activities.
SGIGX - Performance
Return Ranking - Trailing
| Period | SGIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.9% | -35.6% | 29.2% | 14.88% |
| 1 Yr | 10.5% | 17.3% | 252.4% | 43.86% |
| 3 Yr | 5.1%* | -3.5% | 34.6% | 54.50% |
| 5 Yr | 8.3%* | 0.1% | 32.7% | 51.95% |
| 10 Yr | N/A* | -6.9% | 18.3% | 34.32% |
* Annualized
Return Ranking - Calendar
| Period | SGIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -24.3% | 957.1% | 0.12% |
| 2022 | -18.8% | -38.3% | 47.1% | 99.75% |
| 2021 | 1.0% | -54.2% | 0.6% | 99.87% |
| 2020 | 5.7% | -76.0% | 54.1% | N/A |
| 2019 | -33.1% | -26.1% | 47.8% | N/A |
Total Return Ranking - Trailing
| Period | SGIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.9% | -35.6% | 29.2% | 15.21% |
| 1 Yr | 10.5% | 11.4% | 252.4% | 40.00% |
| 3 Yr | 5.1%* | -3.5% | 34.6% | 51.46% |
| 5 Yr | 8.3%* | 0.1% | 32.7% | 50.47% |
| 10 Yr | N/A* | -6.9% | 18.3% | 33.21% |
* Annualized
Total Return Ranking - Calendar
| Period | SGIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.8% | -24.3% | 957.1% | 0.12% |
| 2022 | -11.1% | -33.1% | 47.1% | 100.00% |
| 2021 | 19.8% | -44.4% | 1.8% | 100.00% |
| 2020 | 8.7% | -6.5% | 54.1% | N/A |
| 2019 | 19.2% | -14.4% | 47.8% | N/A |
NAV & Total Return History
SGIGX - Holdings
Concentration Analysis
| SGIGX | Category Low | Category High | SGIGX % Rank | |
|---|---|---|---|---|
| Net Assets | 390 M | 199 K | 133 B | 57.02% |
| Number of Holdings | 69 | 1 | 9075 | 52.64% |
| Net Assets in Top 10 | 85.3 M | -18 M | 37.6 B | 58.37% |
| Weighting of Top 10 | 22.26% | 9.1% | 100.0% | 73.57% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 3.09%
- The Cigna Group COM USD0.01 2.63%
- McDonald's Corporation COM USD0.01 2.50%
- Texas Instruments Incorporated COM USD1.00 2.24%
- The Gap Inc. COM USD0.05 2.17%
- Paychex Inc COM USD0.01 1.96%
- ASE Technology Holding Co Ltd. SPON ADS EACH REP 2 ORD SHS 1.93%
- Juniper Networks, Inc. COM USD0.00001 1.93%
- International Business Machines Corporation COM USD0.20 1.91%
- NatWest Group PLC SPONS ADR 1.90%
Asset Allocation
| Weighting | Return Low | Return High | SGIGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.42% | 61.84% | 125.47% | 50.33% |
| Cash | 0.58% | -174.70% | 23.12% | 44.93% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 45.26% |
| Other | 0.00% | -13.98% | 19.14% | 51.98% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 39.10% |
| Bonds | 0.00% | -1.50% | 161.67% | 42.29% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SGIGX % Rank | |
|---|---|---|---|---|
| Technology | 25.11% | 0.00% | 49.87% | 18.72% |
| Financial Services | 13.39% | 0.00% | 38.42% | 55.95% |
| Healthcare | 12.83% | 0.00% | 35.42% | 70.04% |
| Industrials | 10.73% | 0.00% | 44.06% | 58.70% |
| Consumer Cyclical | 8.75% | 0.00% | 40.94% | 67.73% |
| Consumer Defense | 6.46% | 0.00% | 73.28% | 62.11% |
| Communication Services | 6.35% | 0.00% | 57.66% | 38.99% |
| Basic Materials | 4.76% | 0.00% | 38.60% | 59.80% |
| Utilities | 4.35% | 0.00% | 29.12% | 17.95% |
| Energy | 4.09% | 0.00% | 21.15% | 23.13% |
| Real Estate | 3.19% | 0.00% | 39.48% | 40.20% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SGIGX % Rank | |
|---|---|---|---|---|
| US | 99.42% | 0.13% | 103.82% | 20.59% |
| Non US | 0.00% | 0.58% | 99.46% | 78.19% |
SGIGX - Expenses
Operational Fees
| SGIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.90% | 0.01% | 44.27% | 73.20% |
| Management Fee | 0.63% | 0.00% | 1.82% | 32.06% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.01% | 0.76% | 43.00% |
Sales Fees
| SGIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SGIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
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.
| SGIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 395.00% | 62.61% |
SGIGX - Distributions
Dividend Yield Analysis
| SGIGX | Category Low | Category High | SGIGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.80% | 0.00% | 3.26% | 38.73% |
Dividend Distribution Analysis
| SGIGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
Net Income Ratio Analysis
| SGIGX | Category Low | Category High | SGIGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.03% | -4.27% | 12.65% | 21.36% |
Capital Gain Distribution Analysis
| SGIGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2024 | $0.212 | OrdinaryDividend |
| Dec 19, 2024 | $0.508 | CapitalGainShortTerm |
| Dec 19, 2024 | $0.437 | CapitalGainLongTerm |
| Sep 20, 2024 | $0.328 | OrdinaryDividend |
| Jun 14, 2024 | $0.156 | OrdinaryDividend |
| Mar 15, 2024 | $0.062 | OrdinaryDividend |
| Dec 21, 2023 | $0.396 | OrdinaryDividend |
| Sep 15, 2023 | $0.247 | OrdinaryDividend |
| Jun 16, 2023 | $0.162 | OrdinaryDividend |
| Mar 17, 2023 | $0.064 | OrdinaryDividend |
| Dec 16, 2022 | $0.239 | OrdinaryDividend |
| Dec 16, 2022 | $0.321 | CapitalGainShortTerm |
| Dec 16, 2022 | $1.363 | CapitalGainLongTerm |
| Sep 09, 2022 | $0.405 | OrdinaryDividend |
| Jun 10, 2022 | $0.135 | OrdinaryDividend |
| Dec 17, 2021 | $5.163 | OrdinaryDividend |
| Sep 10, 2021 | $0.149 | OrdinaryDividend |
| Jun 11, 2021 | $0.144 | OrdinaryDividend |
| Mar 12, 2021 | $0.329 | OrdinaryDividend |
| Dec 18, 2020 | $0.466 | OrdinaryDividend |
| Sep 11, 2020 | $0.137 | OrdinaryDividend |
| Jun 12, 2020 | $0.179 | OrdinaryDividend |
| Mar 13, 2020 | $0.044 | OrdinaryDividend |
| Dec 20, 2019 | $2.559 | OrdinaryDividend |
| Dec 20, 2019 | $0.044 | CapitalGainShortTerm |
| Dec 20, 2019 | $18.147 | CapitalGainLongTerm |
| Sep 13, 2019 | $1.793 | OrdinaryDividend |
| Mar 15, 2019 | $0.848 | OrdinaryDividend |
| Dec 21, 2018 | $2.257 | OrdinaryDividend |
| Dec 21, 2018 | $3.408 | CapitalGainShortTerm |
| Dec 21, 2018 | $18.203 | CapitalGainLongTerm |
| Sep 14, 2018 | $2.195 | OrdinaryDividend |
| Jun 15, 2018 | $2.505 | OrdinaryDividend |
| Mar 16, 2018 | $0.885 | OrdinaryDividend |
| Dec 15, 2017 | $1.802 | OrdinaryDividend |
| Dec 15, 2017 | $3.940 | CapitalGainShortTerm |
| Dec 15, 2017 | $14.233 | CapitalGainLongTerm |
SGIGX - Fund Manager Analysis
Managers
John Wolf
Start Date
Tenure
Tenure Rank
Apr 03, 2008
14.17
14.2%
Mr. Wolf is a Managing Director and Head of Equity Investments at Crossmark Global Investments, Inc. Mr. Wolf began his career in 1983 with the Dreyfus Corporation and in 1987 joined Oppenheimer Capital as an accounting manager supervising both equity and fixed income mutual funds. In 1992, Mr. Wolf joined New Castle Advisers, which managed fixed income portfolios and mutual funds. In 1996, New Castle Advisers was acquired by Capstone where Mr. Wolf served in his current capacity. Mr. Wolf received his Bachelor’s Degree from Hofstra University and his Master’s Degree from Manhattan College.
Brent Lium
Start Date
Tenure
Tenure Rank
Mar 15, 2021
1.21
1.2%
Brent Lium joined Crossmark in November of 2019 as Managing Director with over 24 years of industry experience. His primary role is co-managing the Steward Enhanced Index Funds and the Large Cap Core Growth product. Brent started his investment career in 1995 with Dean Witter in Dallas. Following business school in 2001, he joined Invesco Ltd as an equity analyst on a growth mutual fund team. There he developed his extensive bottoms-up fundamental equity research abilities. He rounded out his top down strategy skills after being promoted to portfolio manager a few years later. Brent earned a BBA in Accounting from Texas A&M University and an MBA in Finance from the University of Texas - Austin. He is also a CFA Charterholder. He lives in West University Place, TX with his wife Carrie and three children. When he is not at one of his kid’s sporting events or activities, he loves to travel and do any outdoor activity.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
