Address And Details
7337 E. Doubletree Ranch Rd, Suite 100 , Scottsdale, AZ 85258 | |
---|---|
Fund Manager | Randall Parrish |
Manager Tenure | 15 Years 2 Months |
Strategy And Objective
The Fund seeks to provide investors with a high level of current income and total return. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of high-yield (high risk) bonds commonly known as junk bonds. The Fund will provide shareholders with at least 60 days prior notice of any change in this investment policy. High-yield bonds are debt instruments that, at the time of purchase, are not rated by a nationally recognized statistical rating organization (NRSRO) or are rated below investment-grade (for example, rated below BBB- by S&P Global Ratings or Baa3 by Moodys Investors Service, Inc.) or have an equivalent rating by a NRSRO.
Equity Sector Breakdown
ConsumerDurables | n/a | |
Energy | n/a | |
Finance | n/a | |
Health | n/a | |
IndustrialCyclical | n/a | |
NonDurables | n/a | |
RetailTrade | n/a | |
Services | n/a | |
Technology | n/a | |
Utilities | n/a |
Asset Allocation
Asset Type | % Of Allocation | |
---|---|---|
Bonds | 93.34% | |
Cash | 24.77% | |
Stocks | 0.28% | |
Convertible | 0.06% | |
Preferred | 0.00% | |
ForeignStocks | 0.00% | |
ForeignBonds | 0.00% | |
ForeignHedged | 0.00% | |
Other | -18.46% |
Total Net Assets | 45.82 M |
---|
Risk Measures
Criteria | 3 Years | 5 Years | 10 Years |
---|---|---|---|
Alpha | 1.77 | 1.58 | 3.12 |
Beta | 0.78 | 0.65 | 0.61 |
R Squared | 0.18 | 0.13 | 0.12 |
Std Deviation | 8.51 | 7.17 | 6.08 |
Sharpe Ratio | 0.20 | 0.24 | n/a |
Purchase Information
as of 6:08 PM ET 05/19/2022Minimum Initial | $1000 |
---|---|
Minimum Additional | $0 |
Minimum Initial IRA | $250 |
Performance
Timeframe | Average Annual Current Performance Monthly As Of 04/30/2022 | Average Annual Current Performance Quarterly As Of 03/31/2022 | Avg Annual Current Performance Monthly As Of 04/30/2022 | Avg Annual Current Performance Quarterly As Of 03/31/2022 |
---|---|---|---|---|
1 Year |
|
|
-5.45% | -0.62% |
3 Year |
|
|
+2.05% | +3.90% |
10 Year |
|
|
+4.60% | +5.12% |
Life Of Fund |
|
|
+5.52% | +5.72% |