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Address And Details

711 High St , Des Moines, IA 50392
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund seeks to provide current income. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in preferred securities and capital securities at the time of purchase. Preferred securities typically include preferred stock and various types of junior subordinated debt and trust preferred securities. Preferred securities may pay fixed rate or adjustable rate distributions and generally have a payment "preference" over common stock, but are junior to the issuer's senior debt in a liquidation of the issuers assets. Capital securities include Tier 2 subordinated debt securities issued by U.S. and non-U.S. financial institutions (including, but not limited to, banks and insurance companies), contingent convertible securities (Cocos), and certain preferred securities, issued by U.S. and non-U.S. corporations, financial institutions, and other issuers for purposes of satisfying regulatory capital requirements or obtaining rating agency credit.

Net Asset Value

as of 5:38 PM ET 12/06/2021


  • 1 Week
  • 0.00%
  • 1 Month
  • -1.52%
  • 3 Months
  • -2.63%
  • 1 Yr Return
  • -1.33%
  • 5 Yr Return
  • +3.59%

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 85.85%
Preferred 9.78%
Cash 2.38%
Convertible 1.41%
Other 0.58%
Stocks 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.00 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.67 2.85 4.11
Beta 0.79 0.80 0.75
R Squared 0.08 0.12 0.14
Std Deviation 9.29 7.46 6.03
Sharpe Ratio 0.70 0.61 n/a

Purchase Information

as of 6:10 PM ET 11/30/2021
Minimum Initial $1000
Minimum Additional $100
Minimum Initial IRA $0


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
  • +2.93%
  • +7.95%
+2.93% +7.95%
3 Year
  • +7.14%
  • +6.74%
+7.14% +6.74%
10 Year
  • +6.76%
  • +6.98%
+6.76% +6.98%
Life Of Fund
  • +5.70%
  • +5.85%
+5.70% +5.85%

Top 10 Holdings

Symbol Company Name % Of Assets


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