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Address And Details

333 West Wacker Drive , Chicago, IL 60606
Fund Manager Douglas M. Baker
Manager Tenure 14 Years 6 Months

Strategy And Objective

The Fund seeks to provide a high level of current income and total return. Under normal circumstances, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in preferred securities and other income producing securities. The Fund may invest in all types of preferred securities, including both traditional preferred securities and non-traditional preferred securities, and may invest in securities with dividends or interest rates that are fixed or floating. Traditional preferred securities are generally equity securities of the issuer that have priority over the issuers common shares as to the payment of dividends (i.e., the issuer cannot pay dividends on its common shares until the dividends on the preferred shares are current) and as to the payout of proceeds of a bankruptcy or other liquidation, but are subordinate to an issuers senior debt and junior debt as to both types of payments. Non-traditional preferred securities include certain hybrid securities and other types of preferred securities that do not have the traditional features described above. Preferred securities that are hybrid securities possess varying combinations of features of both debt and traditional preferred securities and as such they may constitute senior debt, junior debt or preferred shares in an issuers capital structure. Preferred securities may also include certain forms of debt that have many characteristics of preferred shares, and that are regarded by the investment marketplace to be part of the broader preferred securities market.

Net Asset Value

as of 5:07 PM ET 12/03/2021


  • 1 Week
  • +0.11%
  • 1 Month
  • -1.41%
  • 3 Months
  • -2.45%
  • 1 Yr Return
  • +0.11%
  • 5 Yr Return
  • +4.73%

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
Preferred 63.42%
Bonds 34.30%
Cash 1.40%
Other 0.87%
Stocks 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 524.43 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 3.79 3.43 5.49
Beta 0.72 0.75 0.59
R Squared 0.05 0.08 0.06
Std Deviation 10.95 8.74 7.16
Sharpe Ratio 0.67 0.57 n/a

Purchase Information

as of 5:18 PM ET 12/01/2021
Minimum Initial $3000
Minimum Additional $100
Minimum Initial IRA $2500


Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +10.53%
  • +11.79%
+10.53% +11.79%
3 Year
  • +7.93%
  • +7.45%
+7.93% +7.45%
10 Year
  • +7.52%
  • +8.03%
+7.52% +8.03%
Life Of Fund
  • +6.11%
  • +6.16%
+6.11% +6.16%

Top 10 Holdings

Symbol Company Name % Of Assets


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