AIG Senior Floating Rate C
Name
As of 07/16/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.3%
1 yr return
8.4%
3 Yr Avg Return
2.4%
5 Yr Avg Return
3.5%
Net Assets
$139 M
Holdings in Top 10
11.0%
52 WEEK LOW AND HIGH
$7.7
$7.46
$7.79
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 51.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/16/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NFRCX - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.92%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAIG Senior Floating Rate Fund
-
Fund Family NameAIG
-
Inception DateAug 31, 1998
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey Heuer
Fund Description
The Fund’s principal investment strategy is investing in senior secured floating rate loans.The principal investment technique of the Fund is investing in senior secured floating rate loans and other institutionally traded secured floating rate debt obligations (“Loans”). Under normal circumstances, at least 80% of the Fund’s net assets, plus any borrowings for investment purposes, will be invested in such securities. The Fund may invest in Loans directly or by purchasing Assignments or Participations. The Fund may also purchase both investment grade and high yield (sometimes referred to as “junk bonds”) fixed income securities and money market instruments, although the Fund may not invest more than 10% of its total assets in high yield fixed income securities. The Fund may invest in foreign securities, including up to 10% of its total assets in non-U.S. dollar denominated Loans and non-U.S. dollar denominated high yield fixed income securities, and up to 25% of its total assets in U.S. dollar denominated Loans issued by non-U.S. companies.The Loans generally consist of direct debt obligations of companies (collectively, “Borrowers”), primarily U.S. companies and their affiliates, undertaken to finance the growth of the Borrower’s business internally and externally, or to finance a capital restructuring. Most, if not all, of the Loans in which the Fund invests will be rated below investment grade or will be unrated Loans of comparable quality. In selecting Loans, the Fund will employ credit standards that Wellington Management Company LLP (“Wellington Management”), the Fund’s subadviser, has established. Wellington Management’s primary consideration in selecting Loans for investment by the Fund is the Borrower’s creditworthiness. The Fund will generally purchase Loans only if, in the judgment of Wellington Management, the Borrower can meet the debt service on the Loan.The principal investment strategy and principal investment techniques of the Fund may be changed without shareholder approval. You will receive at least 60 days’ notice of any change to the 80% investment policy set forth above.
Read More
NFRCX - Performance
Return Ranking - Trailing
| Period | NFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -2.0% | 10.1% | 94.82% |
| 1 Yr | 8.4% | 2.1% | 54.6% | 91.93% |
| 3 Yr | 2.4%* | -0.8% | 5.9% | 84.45% |
| 5 Yr | 3.5%* | 1.5% | 8.6% | 74.90% |
| 10 Yr | 3.1%* | 1.8% | 6.6% | 81.91% |
* Annualized
Return Ranking - Calendar
| Period | NFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.2% | -16.5% | 289.8% | 33.90% |
| 2022 | 2.5% | -8.1% | 7.5% | 59.49% |
| 2021 | -4.8% | -12.2% | 5.5% | 49.43% |
| 2020 | 0.5% | -4.2% | 3.7% | 15.25% |
| 2019 | 5.9% | -65.0% | 12.9% | 28.83% |
Total Return Ranking - Trailing
| Period | NFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -2.0% | 10.1% | 94.82% |
| 1 Yr | 7.4% | 1.1% | 54.6% | 87.94% |
| 3 Yr | 2.4%* | -1.3% | 10.2% | 79.06% |
| 5 Yr | 3.5%* | 1.5% | 8.6% | 71.33% |
| 10 Yr | 3.1%* | 1.8% | 6.6% | 79.49% |
* Annualized
Total Return Ranking - Calendar
| Period | NFRCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.2% | -16.5% | 289.8% | 33.90% |
| 2022 | 2.5% | -8.1% | 7.5% | 60.95% |
| 2021 | -4.8% | -12.2% | 5.5% | 59.00% |
| 2020 | 0.5% | -4.2% | 7.2% | 24.58% |
| 2019 | 5.9% | -65.0% | 12.9% | 36.94% |
NAV & Total Return History
NFRCX - Holdings
Concentration Analysis
| NFRCX | Category Low | Category High | NFRCX % Rank | |
|---|---|---|---|---|
| Net Assets | 139 M | 10 M | 9.05 B | 90.32% |
| Number of Holdings | 287 | 12 | 1358 | 60.18% |
| Net Assets in Top 10 | 16.4 M | -171 M | 2.09 B | 79.06% |
| Weighting of Top 10 | 10.97% | 5.2% | 94.1% | 73.37% |
Top 10 Holdings
- SPDR Blackstone Senior Loan ETF 4.06%
- Verisure Holding Ab 2021 Euro Term Loan 1.19%
- Verisure Holding Ab 2021 Euro Term Loan 1.19%
- Verisure Holding Ab 2021 Euro Term Loan 1.19%
- Verisure Holding Ab 2021 Euro Term Loan 1.19%
- Verisure Holding Ab 2021 Euro Term Loan 1.19%
- Verisure Holding Ab 2021 Euro Term Loan 1.19%
- Verisure Holding Ab 2021 Euro Term Loan 1.19%
- State Street Instl Liquid Reserves Admin 1.10%
- HYLAND SOFTWARE INC 2018 REFINANCING TERM LOAN 0.96%
Asset Allocation
| Weighting | Return Low | Return High | NFRCX % Rank | |
|---|---|---|---|---|
| Bonds | 91.04% | 43.06% | 172.61% | 64.31% |
| Cash | 8.33% | -72.73% | 55.70% | 28.91% |
| Stocks | 0.31% | 0.00% | 15.04% | 46.61% |
| Convertible Bonds | 0.26% | 0.00% | 3.77% | 22.42% |
| Other | 0.06% | -54.12% | 14.38% | 50.74% |
| Preferred Stocks | 0.00% | 0.00% | 26.72% | 75.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NFRCX % Rank | |
|---|---|---|---|---|
| Energy | 100.00% | 0.00% | 100.00% | 5.04% |
| Utilities | 0.00% | 0.00% | 100.00% | 71.32% |
| Technology | 0.00% | 0.00% | 100.00% | 68.60% |
| Real Estate | 0.00% | 0.00% | 27.25% | 58.14% |
| Industrials | 0.00% | 0.00% | 100.00% | 76.36% |
| Healthcare | 0.00% | 0.00% | 99.69% | 70.16% |
| Financial Services | 0.00% | 0.00% | 100.00% | 64.73% |
| Communication Services | 0.00% | 0.00% | 99.96% | 82.56% |
| Consumer Defense | 0.00% | 0.00% | 33.89% | 70.54% |
| Consumer Cyclical | 0.00% | 0.00% | 73.51% | 83.33% |
| Basic Materials | 0.00% | 0.00% | 27.85% | 65.12% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NFRCX % Rank | |
|---|---|---|---|---|
| US | 0.31% | -0.01% | 15.33% | 42.18% |
| Non US | 0.00% | -0.29% | 2.76% | 76.70% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NFRCX % Rank | |
|---|---|---|---|---|
| Corporate | 91.64% | 0.00% | 100.00% | 42.90% |
| Cash & Equivalents | 8.36% | 0.00% | 58.10% | 38.46% |
| Derivative | 0.00% | 0.00% | 8.76% | 68.64% |
| Securitized | 0.00% | 0.00% | 100.00% | 80.18% |
| Municipal | 0.00% | 0.00% | 0.56% | 65.38% |
| Government | 0.00% | 0.00% | 5.93% | 64.20% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NFRCX % Rank | |
|---|---|---|---|---|
| US | 90.41% | 4.13% | 128.54% | 13.27% |
| Non US | 0.63% | 0.00% | 128.52% | 90.56% |
NFRCX - Expenses
Operational Fees
| NFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.43% | 0.02% | 7.50% | 39.39% |
| Management Fee | 0.85% | 0.00% | 2.40% | 86.20% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 73.83% |
| Administrative Fee | 0.20% | 0.03% | 0.40% | 87.50% |
Sales Fees
| NFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 3.00% | 81.61% |
Trading Fees
| NFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NFRCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 51.00% | 8.00% | 412.00% | 39.36% |
NFRCX - Distributions
Dividend Yield Analysis
| NFRCX | Category Low | Category High | NFRCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.96% | 60.06% |
Dividend Distribution Analysis
| NFRCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| NFRCX | Category Low | Category High | NFRCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.92% | 1.57% | 10.93% | 93.86% |
Capital Gain Distribution Analysis
| NFRCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 28, 2019 | $0.029 | |
| May 31, 2019 | $0.029 | |
| Apr 30, 2019 | $0.028 | |
| Mar 29, 2019 | $0.031 | |
| Feb 28, 2019 | $0.027 | |
| Jan 31, 2019 | $0.018 | |
| Dec 31, 2018 | $0.037 | |
| Nov 30, 2018 | $0.029 | |
| Oct 31, 2018 | $0.031 | |
| Sep 28, 2018 | $0.029 | |
| Aug 31, 2018 | $0.029 | |
| Jul 31, 2018 | $0.029 | |
| Jun 29, 2018 | $0.030 | |
| May 31, 2018 | $0.028 | |
| Apr 30, 2018 | $0.023 | |
| Mar 29, 2018 | $0.020 | |
| Feb 28, 2018 | $0.018 | |
| Jan 31, 2018 | $0.022 | |
| Dec 29, 2017 | $0.032 | |
| Nov 30, 2017 | $0.022 | |
| Oct 31, 2017 | $0.018 | |
| Sep 29, 2017 | $0.018 | |
| Aug 31, 2017 | $0.022 | |
| Jul 31, 2017 | $0.021 | |
| Jun 30, 2017 | $0.024 | |
| May 31, 2017 | $0.023 | |
| Apr 28, 2017 | $0.024 | |
| Mar 31, 2017 | $0.025 | |
| Feb 28, 2017 | $0.023 | |
| Jan 31, 2017 | $0.024 | |
| Dec 30, 2016 | $0.014 | |
| Nov 30, 2016 | $0.022 | |
| Oct 31, 2016 | $0.023 | |
| Sep 30, 2016 | $0.025 | |
| Aug 31, 2016 | $0.023 | |
| Jul 29, 2016 | $0.024 | |
| Jun 30, 2016 | $0.024 | |
| May 31, 2016 | $0.024 | |
| Apr 29, 2016 | $0.026 | |
| Mar 31, 2016 | $0.025 | |
| Feb 29, 2016 | $0.024 | |
| Jan 29, 2016 | $0.025 | |
| Dec 31, 2015 | $0.028 | |
| Nov 30, 2015 | $0.024 | |
| Oct 30, 2015 | $0.028 | |
| Sep 30, 2015 | $0.026 | |
| Aug 31, 2015 | $0.025 | |
| Jul 31, 2015 | $0.027 | |
| Jun 30, 2015 | $0.026 | |
| May 29, 2015 | $0.028 | |
| Apr 30, 2015 | $0.025 | |
| Mar 31, 2015 | $0.025 | |
| Feb 27, 2015 | $0.025 | |
| Jan 30, 2015 | $0.027 | |
| Dec 31, 2014 | $0.026 | |
| Nov 28, 2014 | $0.024 | |
| Oct 31, 2014 | $0.026 | |
| Sep 30, 2014 | $0.022 | |
| Aug 29, 2014 | $0.025 | |
| Jul 31, 2014 | $0.024 | |
| Jun 30, 2014 | $0.021 | |
| May 30, 2014 | $0.024 | |
| Apr 30, 2014 | $0.023 | |
| Mar 31, 2014 | $0.023 | |
| Feb 28, 2014 | $0.022 | |
| Jan 31, 2014 | $0.025 | |
| Dec 31, 2013 | $0.022 | |
| Nov 29, 2013 | $0.026 | |
| Oct 31, 2013 | $0.026 | |
| Sep 30, 2013 | $0.024 | |
| Aug 30, 2013 | $0.028 | |
| Jul 31, 2013 | $0.027 | |
| Jun 28, 2013 | $0.024 | |
| May 31, 2013 | $0.028 | |
| Apr 30, 2013 | $0.025 | |
| Mar 28, 2013 | $0.027 | |
| Feb 28, 2013 | $0.026 | |
| Jan 31, 2013 | $0.027 | |
| Dec 31, 2012 | $0.028 | |
| Nov 30, 2012 | $0.029 | |
| Oct 31, 2012 | $0.030 | |
| Sep 28, 2012 | $0.025 | |
| Aug 31, 2012 | $0.033 | |
| Jul 31, 2012 | $0.026 | |
| Jun 29, 2012 | $0.028 | |
| May 31, 2012 | $0.030 | |
| Apr 30, 2012 | $0.027 | |
| Mar 30, 2012 | $0.031 | |
| Feb 29, 2012 | $0.025 | |
| Jan 31, 2012 | $0.028 | |
| Dec 30, 2011 | $0.020 | |
| Nov 30, 2011 | $0.027 | |
| Oct 31, 2011 | $0.029 | |
| Sep 30, 2011 | $0.030 | |
| Aug 31, 2011 | $0.027 | |
| Jul 29, 2011 | $0.026 | |
| Jun 30, 2011 | $0.027 | |
| May 31, 2011 | $0.027 | |
| Apr 29, 2011 | $0.028 | |
| Mar 31, 2011 | $0.028 | |
| Feb 28, 2011 | $0.024 | |
| Jan 31, 2011 | $0.024 | |
| Dec 31, 2010 | $0.040 | |
| Nov 30, 2010 | $0.030 | |
| Oct 29, 2010 | $0.031 | |
| Sep 30, 2010 | $0.029 | |
| Aug 31, 2010 | $0.026 | |
| Jul 30, 2010 | $0.028 | |
| Jun 30, 2010 | $0.024 | |
| May 28, 2010 | $0.023 | |
| Apr 30, 2010 | $0.024 | |
| Mar 31, 2010 | $0.026 | |
| Feb 26, 2010 | $0.025 | |
| Jan 29, 2010 | $0.027 | |
| Dec 31, 2009 | $0.029 | |
| Nov 30, 2009 | $0.029 | |
| Oct 30, 2009 | $0.029 | |
| Sep 30, 2009 | $0.022 | |
| Aug 31, 2009 | $0.024 | |
| Jul 31, 2009 | $0.028 | |
| Jun 30, 2009 | $0.024 | |
| May 29, 2009 | $0.025 | |
| Apr 30, 2009 | $0.029 | |
| Mar 31, 2009 | $0.027 | |
| Feb 27, 2009 | $0.026 | |
| Jan 30, 2009 | $0.034 | |
| Dec 31, 2008 | $0.032 | |
| Nov 28, 2008 | $0.042 | |
| Oct 31, 2008 | $0.050 | |
| Sep 30, 2008 | $0.033 | |
| Aug 29, 2008 | $0.034 | |
| Jul 31, 2008 | $0.034 | |
| Jun 30, 2008 | $0.031 | |
| May 30, 2008 | $0.036 | |
| Apr 30, 2008 | $0.032 | |
| Mar 31, 2008 | $0.042 | |
| Feb 29, 2008 | $0.049 | |
| Jan 31, 2008 | $0.049 | |
| Dec 31, 2007 | $0.047 | |
| Nov 30, 2007 | $0.051 | |
| Oct 31, 2007 | $0.049 | |
| Sep 28, 2007 | $0.043 | |
| Aug 31, 2007 | $0.055 | |
| Jul 31, 2007 | $0.046 | |
| Jun 29, 2007 | $0.049 | |
| May 31, 2007 | $0.047 | |
| Apr 30, 2007 | $0.046 | |
| Mar 30, 2007 | $0.050 | |
| Feb 28, 2007 | $0.044 | |
| Jan 31, 2007 | $0.049 | |
| Dec 29, 2006 | $0.052 | |
| Nov 30, 2006 | $0.050 | |
| Oct 31, 2006 | $0.050 | |
| Sep 29, 2006 | $0.051 | |
| Aug 31, 2006 | $0.053 | |
| Jul 31, 2006 | $0.054 | |
| Jun 30, 2006 | $0.049 | |
| May 31, 2006 | $0.050 | |
| Apr 28, 2006 | $0.048 | |
| Mar 31, 2006 | $0.047 | |
| Feb 28, 2006 | $0.041 | |
| Jan 31, 2006 | $0.044 | |
| Nov 30, 2005 | $0.040 | |
| Oct 31, 2005 | $0.040 | |
| Sep 30, 2005 | $0.036 | |
| Aug 31, 2005 | $0.036 | |
| Jul 29, 2005 | $0.034 | |
| Jun 30, 2005 | $0.033 | |
| May 31, 2005 | $0.031 | |
| Apr 29, 2005 | $0.033 | |
| Mar 31, 2005 | $0.031 | |
| Feb 28, 2005 | $0.027 | |
| Jan 31, 2005 | $0.029 | |
| Dec 31, 2004 | $0.030 | |
| Nov 30, 2004 | $0.027 | |
| Oct 29, 2004 | $0.027 | |
| Sep 30, 2004 | $0.023 | |
| Aug 31, 2004 | $0.022 | |
| Jul 30, 2004 | $0.023 | |
| Jun 30, 2004 | $0.022 | |
| May 28, 2004 | $0.022 | |
| Apr 30, 2004 | $0.023 | |
| Mar 31, 2004 | $0.020 | |
| Feb 27, 2004 | $0.022 | |
| Jan 30, 2004 | $0.026 | |
| Dec 31, 2003 | $0.025 | |
| Nov 28, 2003 | $0.025 | |
| Oct 31, 2003 | $0.030 | |
| Sep 30, 2003 | $0.031 | |
| Aug 29, 2003 | $0.034 | |
| Jul 31, 2003 | $0.027 | |
| Jun 30, 2003 | $0.032 | |
| May 30, 2003 | $0.035 | |
| Apr 30, 2003 | $0.040 | |
| Mar 31, 2003 | $0.037 | |
| Feb 28, 2003 | $0.033 | |
| Jan 31, 2003 | $0.041 | |
| Dec 31, 2002 | $0.045 | |
| Nov 29, 2002 | $0.038 | |
| Oct 31, 2002 | $0.038 | |
| Sep 30, 2002 | $0.032 | |
| Aug 30, 2002 | $0.038 | |
| Jul 31, 2002 | $0.032 | |
| Jun 28, 2002 | $0.028 | |
| May 31, 2002 | $0.017 | |
| May 16, 2002 | $0.025 | |
| Apr 15, 2002 | $0.024 | |
| Mar 15, 2002 | $0.021 | |
| Feb 14, 2002 | $0.027 | |
| Jan 15, 2002 | $0.018 | |
| Dec 17, 2001 | $0.033 |
NFRCX - Fund Manager Analysis
Managers
Jeffrey Heuer
Start Date
Tenure
Tenure Rank
Jul 24, 2009
11.94
11.9%
Jeffrey W. Heuer, CFA, is Managing Director and Fixed Income Portfolio Manager of Wellington Management. Mr. Heuer joined Wellington Management as an investment professional in 2001, and has covered high yield bonds in the retail and supermarket, gaming, lodging, tobacco, textiles, and restaurant sectors. Prior to joining Wellington Management, Mr. Heuer worked as a leveraged loan analyst at CypressTree Investment Management, where he analyzed credits in the consumer products, textiles, cyclicals, and telecommunications industries (1999 – 2001). Mr. Heuer also held several credit analysis and lending positions at the former Chase Manhattan Bank and its predecessor organizations (1989 – 1998). Mr. Heuer received his MBA, with distinction, from the University of Pennsylvania (Wharton, 1994) and his BA from Williams College (1989). Additionally, Mr. Heuer holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 22.68 | 5.92 | 2.33 |