NorthCoast Dynamic Income (S:0P00016Q0E)
12.89
+0.08
(+0.63%)
USD |
Mar 31 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | Upgrade | Upgrade | Upgrade |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| Tactical Income invests in a diversified basket of global iShares ETFs across the income spectrum using US Bonds, Global Bonds, Corporate Bonds, Mortgages, and US and Global Dividend Equities. The portfolio seeks current income of 2-3% in excess of inflation by focusing on risk-adjusted returns in today’s market. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | Medium Quality/Moderate Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | NorthCoast Asset Management LLC |
| Prospectus Benchmark Index | |
| Mgr Benchmark Aggregate Global Bond EW | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Daniel Kraninger | 11.50 yrs |
| Patrick Jamin | 11.50 yrs |
| Julia Zhu | 11.25 yrs |
Annual Total Returns Versus Peers
As of March 31, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| iShares MBS ETF | 16.83% | 91.01 | 0.33% |
| iShares 5-10 Year invmt Grd Corp Bd ETF | 8.04% | 51.09 | 0.43% |
| iShares 1-3 Year Treasury Bond ETF | 7.95% | 81.47 | 0.14% |
| iShares US Infrastructure ETF | 7.30% | 44.28 | 1.17% |
| iShares 3-7 Year Treasury Bond ETF | 6.88% | 114.69 | 0.35% |
| iShares 1-5 Year invmt Grd Corp Bd ETF | 5.95% | 51.14 | 0.16% |
| Invesco Senior Loan ETF | 5.28% | 21.12 | 0.14% |
| iShares Treasury Floating Rate Bond ETF | 4.87% | 50.70 | 0.02% |
| iShares National Muni Bond ETF | 4.52% | 105.74 | 0.15% |
| VanEck High Yield Muni ETF | 4.01% | 51.34 | 0.21% |
Fees & Availability
| Fees | |
| Negotiable Fee |
|
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| Tactical Income invests in a diversified basket of global iShares ETFs across the income spectrum using US Bonds, Global Bonds, Corporate Bonds, Mortgages, and US and Global Dividend Equities. The portfolio seeks current income of 2-3% in excess of inflation by focusing on risk-adjusted returns in today’s market. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | Medium Quality/Moderate Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | NorthCoast Asset Management LLC |
| Prospectus Benchmark Index | |
| Mgr Benchmark Aggregate Global Bond EW | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Daniel Kraninger | 11.50 yrs |
| Patrick Jamin | 11.50 yrs |
| Julia Zhu | 11.25 yrs |
Fundamentals
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 10.18 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
| Bond | |
| Current Yield | 3.51% |
| Yield to Maturity | Upgrade |
| Effective Duration | Upgrade |
| Average Coupon | Upgrade |
| Average Credit Score | Upgrade |
| Average Price | Upgrade |
As of June 30, 2023
Fund Details
| Key Dates | |
| Inception Date | 11/1/2012 |
| Last Annual Report Date | 12/31/2014 |
| Last Prospectus Date | -- |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |