Address And Details
|82 Devonshire St , Boston, MA 02109|
|Fund Manager||Adam Kramer|
|Manager Tenure||5 Years 8 Months|
Strategy And Objective
The fund seeks a high level of total return through a combination of current income and capital appreciation. The Adviser normally invests at least 80% of the fund's assets in convertible securities. Convertible securities are often lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).The Adviser may also invest the fund's assets in other types of securities, including common stocks. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. In buying and selling securities for the fund, the Adviser relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions. If the Adviser's strategies do not work as intended, the fund may not achieve its objective. Convertible securities are bonds, preferred stocks, and other securities that pay interest or dividends and are convertible into common stocks or its equivalent value. Convertible securities generally have less potential for gain or loss than common stocks. In general, a convertible security performs more like a stock when the underlying stock's price is high (because it is assumed that it will be converted into the stock) and more like a bond when the underlying stock's price is low (because it is assumed that it will mature without being converted). Securities that are convertible other than at the option of the holder generally do not limit the potential for loss to the same extent as securities convertible at the option of the holder. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Different types of equity securities provide different voting and dividend rights and priority in the event of the bankruptcy of the issuer. Equity securities include common stocks, preferred stocks, and warrants. Debt securities are used by issuers to borrow money. The issuer usually pays a fixed, variable, or floating rate of interest, and must repay the amount borrowed, usually at the maturity of the security. Some debt securities, such as zero coupon bonds, do not pay current interest but are sold at a discount from their face values. Debt securities include corporate bonds, government securities (including Treasury securities), repurchase agreements, money market securities, mortgage and other asset-backed securities, loans and loan participations, and other securities believed to have debt-like characteristics, including hybrids and synthetic securities.
Net Asset Value
- 1 Week
- 1 Month
- 3 Months
- 1 Yr Return
- 5 Yr Return
Equity Sector Breakdown
|Asset Type||% Of Allocation|
|Total Net Assets||10.87 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$0|
|Timeframe||Average Annual Current Performance Monthly As Of 12/31/2021||Average Annual Current Performance Quarterly As Of 12/31/2021||Avg Annual Current Performance Monthly As Of 12/31/2021||Avg Annual Current Performance Quarterly As Of 12/31/2021|
|Life Of Fund||
Top 10 Holdings
Master The Market with the Help of Our Financial Experts
Recent Articles from TheStreet
Walmart Plans to Sell Virtual Goods, Create Cryptocurrency and NFTs
Walmart files applications seeking trademarks for digital currency, software to manage cryptocurrency and other digital assets and for online retail services.
Consumer Spending Remains Strong, Says Mastercard CEO
'We continue to see benefits from accumulated savings and an increasing push toward digital,' said Michael Miebach.
Does Anyone Still Watch Broadcast Television? (And What that Means for Disney, Comcast, ViacomCBS and Fox)
New report details the increasing dominance of streaming, but live television endures.
Tesla's Elon Musk Cuts Law Firm After It Won't Fire Lawyer in SEC Probe, Report Says
A Tesla lawyer asked law firm Cooley to fire an attorney who worked on a U.S. Securities and Exchange Commission investigation of Elon Musk, according to a Wall Street Journal report.
McDonald's Takes on KFC, Wendy's With a Spicy New Menu Item
The fast-food chain has been testing a garlic pepper spicy chicken nugget, but there's a catch.
Lucid's 2030 EV Production Goals Bring It to Half Where Tesla Stands Now
The electric vehicle company has a production plan that shows just how speculative its nearly $70 billion valuation is.
Royal Caribbean, Norwegian Cancel More Cruises: Why That's Not Bad for Investors
The cruise lines have canceled select sailings but Royal Caribbean and Norwegian Cruise Line shareholders should take that as a positive.