NewEdge SNAP (S:0P0001RFHS)
11.27
-0.15
(-1.30%)
USD |
Apr 30 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 | -- | -- |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| Diversified structured note portfolios offered through the NewEdge Structured Note Advisory Portfolio (SNAP) seek to offer a carefully curated selection of several structured notes, implemented across several market selloffs. The strategy pursues equity market like returns, while managing risk to reduce the potential for losses at product maturity. The strategy is most appropriate for long-term investors looking to manage risk and target consistent realized returns relative to equities throughout a market cycle. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | -- |
| 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 | NewEdge Wealth, LLC |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Michaelangelo Dooley | 2.17 yrs |
Annual Total Returns Versus Peers
As of April 30, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Fidelity Inv MM Government I | 5.26% | 1.00 | 0.00% |
| Fidelity Government MMkt Prm | 5.04% | 1.00 | 0.00% |
|
National Bank Of Canada FRN 10.5%
|
4.10% | -- | -- |
|
GS Finance Corp 10.1%
|
4.08% | -- | -- |
|
BofA Finance LLC 10.4%
|
2.96% | -- | -- |
|
BBVA Global Securities BV 10.75%
|
2.96% | -- | -- |
|
HSBC USA, Inc. 11.6%
|
2.76% | -- | -- |
|
Citigroup Global Markets Holdings Inc. 8.2%
|
2.68% | -- | -- |
|
JPMorgan Chase Financial Co LLC 10.6%
|
2.50% | -- | -- |
|
Credit Suisse AG London Branch 9%
|
2.31% | -- | -- |
Fees & Availability
| Fees | |
| Negotiable Fee | No |
| 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 | |
| Diversified structured note portfolios offered through the NewEdge Structured Note Advisory Portfolio (SNAP) seek to offer a carefully curated selection of several structured notes, implemented across several market selloffs. The strategy pursues equity market like returns, while managing risk to reduce the potential for losses at product maturity. The strategy is most appropriate for long-term investors looking to manage risk and target consistent realized returns relative to equities throughout a market cycle. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | -- |
| 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 | NewEdge Wealth, LLC |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Michaelangelo Dooley | 2.17 yrs |
Fundamentals
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | -- |
| Weighted Average Price to Sales Ratio | -- |
| Weighted Average Price to Book Ratio | -- |
| Weighted Median ROE | -- |
| Weighted Median ROA | -- |
| Forecasted Dividend Yield | -- |
| Forecasted PE Ratio | -- |
| Forecasted Price to Sales Ratio | -- |
| Forecasted Price to Book Ratio | -- |
| Bond | |
| Current Yield | -- |
| Yield to Maturity | -- |
| Effective Duration | -- |
| Average Coupon | -- |
| Average Credit Score | -- |
| Average Price | -- |
As of March 31, 2024
Fund Details
| Key Dates | |
| Inception Date | 3/1/2022 |
| Last Annual Report Date | 12/31/2023 |
| 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 |