Skip to main content

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

Performance

  • 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

Performance

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
n/a

LATEST NEWS

Recent Articles from TheStreet

Expensive Healthcare Lead

Pear Therapeutics Stock to Begin Trading After SPAC Merger

Pear Therapeutics received its second breakthrough device designation from the Food and Drug Administration for its reSET-A product candidate that is designed for the treatment of alcohol substance use disorder.

SpaceX Lead

Elon Musk's SpaceX Building Starship Launch Pad for Mars, Moon Trips

SpaceX CEO Elon Musk tweets Saturday that the company has started construction on an orbital launch pad at the Kennedy Space Center in Florida for missions to the Moon and Mars.

IM Cannabis Lead

What's Next for Planet 13: A U.S. Listing, Chicago, and Florida

The company solidifies its hold on Nevada while launching its California Superstore and planning a U.S. stock listing as well as moves into Chicago and Florida.

iRobot Roomba 870 Vacuum Cleaning Robot

Robot Vacuums, Air Fryers, Hermes Bags: What Shoppers Bought Cyber Monday

Based on Cyber Mondays sales, robot vacuums are on a lot of holiday gift lists this year, with sales of the home appliances up 2,250% from last year.

Tech Rally Sends Hang Seng To Best Gain This Month As Traders Weigh Covid-19 Fallout In China

Market Dancing Like a 'Puppet on a String'

In the current state of the world, investors are ignoring two key truths, Jim Collins says.

Wall Street Lead

Cramer's Mad Money Recap 12/3: DocuSign, GameStop, Costco

Valuations for many stocks are high, says Jim Cramer. That means investors should be on the lookout for potential shocks and new buying opportunities.

lazy bear sh

The Bear is Hiding in Plain Sight

James 'Rev Shark" Deporre says the disconnect between mega cap stocks holding up the market indexes and struggling shares of many other companies is only getting worse.

Elaine Paul Lead

Lyft Taps Amazon, Disney Veteran Elaine Paul as CFO

Paul has worked at Amazon Studios and Disney in the past and led teams across finance, strategy, analytics and technology.

Facebook Lead

Facebook Tests Bill-Splitting Feature In Messenger

Known as Split Payments, the feature is set to launch for U.S. users next week.

Facebook Meta Logo Lead

Facebook in Bear Market, but Morningstar Says It's Undervalued

'We have continue to rate [Meta Platforms] a wide-moat firm with a solid network effect and intangible assets,' Morningstar said.