AIG Flexible Credit A
Name
As of 07/16/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.2%
1 yr return
15.6%
3 Yr Avg Return
5.5%
5 Yr Avg Return
5.3%
Net Assets
$211 M
Holdings in Top 10
9.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 72.00%
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
Exp Ratio
Watchlist
SHNAX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 4.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.33%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAIG Flexible Credit Fund
-
Fund Family NameAIG
-
Inception DateNov 02, 1998
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerFrancesco Ossino
Fund Description
SHNAX - Performance
Return Ranking - Trailing
Period | SHNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.2% | -68.9% | 12.5% | 42.33% |
1 Yr | 15.6% | -14.1% | 50.8% | 39.44% |
3 Yr | 5.5%* | -11.6% | 17.7% | 74.28% |
5 Yr | 5.3%* | -5.3% | 13.9% | 84.38% |
10 Yr | 5.0%* | 1.4% | 9.9% | 82.55% |
* Annualized
Return Ranking - Calendar
Period | SHNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -75.1% | 399.1% | 46.93% |
2022 | 5.3% | -56.9% | 226.1% | 75.49% |
2021 | -7.3% | -61.3% | -0.4% | 25.66% |
2020 | 0.3% | -49.0% | 18.8% | 76.62% |
2019 | 4.9% | -25.2% | 28.6% | 85.96% |
Total Return Ranking - Trailing
Period | SHNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.2% | -68.9% | 12.5% | 42.08% |
1 Yr | 11.3% | -16.7% | 57.3% | 76.28% |
3 Yr | 4.2%* | -11.6% | 16.5% | 87.63% |
5 Yr | 4.5%* | -5.3% | 13.2% | 91.33% |
10 Yr | 4.6%* | 1.4% | 9.9% | 89.60% |
* Annualized
Total Return Ranking - Calendar
Period | SHNAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -75.1% | 399.1% | 46.93% |
2022 | 5.3% | -56.9% | 23.9% | 75.77% |
2021 | -7.3% | -61.3% | 1.3% | 38.50% |
2020 | 0.3% | -49.0% | 18.8% | 82.79% |
2019 | 4.9% | -25.2% | 39.0% | 88.60% |
NAV & Total Return History
SHNAX - Holdings
Concentration Analysis
SHNAX | Category Low | Category High | SHNAX % Rank | |
---|---|---|---|---|
Net Assets | 211 M | 3.71 M | 29.6 B | 67.25% |
Number of Holdings | 278 | 1 | 2442 | 57.35% |
Net Assets in Top 10 | 17.5 M | -493 M | 3.93 B | 70.70% |
Weighting of Top 10 | 8.99% | 2.5% | 100.0% | 72.73% |
Top 10 Holdings
- American Airlines, Inc. 11.75% 1.34%
- CSC Holdings, LLC 5.75% 0.99%
- Telesat Canada /Telesat LLC 6.5% 0.88%
- Allied Universal Holdco LLC / Allied Universal Finance Corporation 6.62% 0.86%
- DIAMOND (BC) B V INITIAL USD TERM LOAN 0.85%
- Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 4.62% 0.85%
- Science Applications International Corporation New 4.88% 0.83%
- NAS ENHANCED PASS THROUGH CERTIFICATES 4.88% 0.82%
- BROOKFIELD WEC HOLDINGS INC 2021 TERM LOAN 0.81%
- MILEAGE PLUS HOLDINGS LLC 2020 TERM LOAN B 0.81%
Asset Allocation
Weighting | Return Low | Return High | SHNAX % Rank | |
---|---|---|---|---|
Bonds | 99.22% | 0.00% | 147.88% | 9.77% |
Stocks | 0.43% | -10.91% | 31.60% | 46.48% |
Preferred Stocks | 0.39% | 0.00% | 19.22% | 34.86% |
Convertible Bonds | 0.36% | 0.00% | 19.02% | 89.00% |
Other | 0.00% | -52.60% | 32.06% | 72.56% |
Cash | -0.40% | -44.84% | 100.00% | 92.34% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SHNAX % Rank | |
---|---|---|---|---|
Communication Services | 58.48% | 0.00% | 100.00% | 6.48% |
Energy | 40.55% | 0.00% | 100.00% | 49.81% |
Consumer Cyclical | 0.97% | 0.00% | 100.00% | 34.44% |
Utilities | 0.00% | 0.00% | 100.00% | 71.11% |
Technology | 0.00% | 0.00% | 61.28% | 70.93% |
Real Estate | 0.00% | 0.00% | 100.00% | 70.37% |
Industrials | 0.00% | 0.00% | 100.00% | 77.04% |
Healthcare | 0.00% | 0.00% | 60.00% | 75.74% |
Financial Services | 0.00% | 0.00% | 100.00% | 74.44% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 67.41% |
Basic Materials | 0.00% | 0.00% | 100.00% | 77.22% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SHNAX % Rank | |
---|---|---|---|---|
US | 0.43% | -13.16% | 30.16% | 43.26% |
Non US | 0.00% | 0.00% | 14.47% | 76.76% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SHNAX % Rank | |
---|---|---|---|---|
Corporate | 100.00% | 0.00% | 100.00% | 4.95% |
Derivative | 0.00% | 0.00% | 46.55% | 79.95% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 98.76% |
Securitized | 0.00% | 0.00% | 95.33% | 86.63% |
Municipal | 0.00% | 0.00% | 11.44% | 64.48% |
Government | 0.00% | 0.00% | 71.25% | 77.10% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SHNAX % Rank | |
---|---|---|---|---|
US | 89.58% | 0.00% | 123.46% | 8.41% |
Non US | 9.64% | 0.00% | 97.21% | 75.28% |
SHNAX - Expenses
Operational Fees
SHNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.04% | 0.01% | 4.79% | 33.29% |
Management Fee | 0.74% | 0.00% | 1.84% | 87.94% |
12b-1 Fee | 0.35% | 0.00% | 1.00% | 60.49% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
SHNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 0.00% | 5.75% | 43.02% |
Deferred Load | N/A | 0.00% | 5.50% | N/A |
Trading Fees
SHNAX 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.
SHNAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 72.00% | 0.00% | 349.00% | 52.60% |
SHNAX - Distributions
Dividend Yield Analysis
SHNAX | Category Low | Category High | SHNAX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.11% | 0.00% | 3.95% | 65.31% |
Dividend Distribution Analysis
SHNAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
SHNAX | Category Low | Category High | SHNAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.33% | -2.17% | 10.53% | 76.00% |
Capital Gain Distribution Analysis
SHNAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2019 | $0.015 | |
May 31, 2019 | $0.016 | |
Apr 30, 2019 | $0.016 | |
Mar 29, 2019 | $0.016 | |
Feb 28, 2019 | $0.014 | |
Jan 31, 2019 | $0.015 | |
Dec 31, 2018 | $0.021 | |
Nov 30, 2018 | $0.014 | |
Oct 31, 2018 | $0.015 | |
Sep 28, 2018 | $0.014 | |
Aug 31, 2018 | $0.015 | |
Jul 31, 2018 | $0.014 | |
Jun 29, 2018 | $0.015 | |
May 31, 2018 | $0.015 | |
Apr 30, 2018 | $0.014 | |
Mar 29, 2018 | $0.015 | |
Feb 28, 2018 | $0.013 | |
Jan 31, 2018 | $0.015 | |
Dec 29, 2017 | $0.015 | |
Nov 30, 2017 | $0.013 | |
Oct 31, 2017 | $0.013 | |
Sep 29, 2017 | $0.013 | |
Aug 31, 2017 | $0.013 | |
Jul 31, 2017 | $0.012 | |
Jun 30, 2017 | $0.013 | |
May 31, 2017 | $0.013 | |
Apr 28, 2017 | $0.013 | |
Mar 31, 2017 | $0.013 | |
Feb 28, 2017 | $0.012 | |
Jan 31, 2017 | $0.013 | |
Dec 30, 2016 | $0.017 | |
Nov 30, 2016 | $0.012 | |
Oct 31, 2016 | $0.012 | |
Sep 30, 2016 | $0.013 | |
Aug 31, 2016 | $0.012 | |
Jul 29, 2016 | $0.012 | |
Jun 30, 2016 | $0.011 | |
May 31, 2016 | $0.011 | |
Apr 29, 2016 | $0.011 | |
Mar 31, 2016 | $0.011 | |
Feb 29, 2016 | $0.010 | |
Jan 29, 2016 | $0.011 | |
Dec 31, 2015 | $0.015 | |
Nov 30, 2015 | $0.011 | |
Oct 30, 2015 | $0.012 | |
Sep 30, 2015 | $0.011 | |
Aug 31, 2015 | $0.011 | |
Jul 31, 2015 | $0.012 | |
Jun 30, 2015 | $0.011 | |
May 29, 2015 | $0.012 | |
Apr 30, 2015 | $0.011 | |
Mar 31, 2015 | $0.011 | |
Feb 27, 2015 | $0.011 | |
Jan 30, 2015 | $0.012 | |
Dec 31, 2014 | $0.020 | |
Nov 28, 2014 | $0.012 | |
Oct 31, 2014 | $0.015 | |
Sep 30, 2014 | $0.013 | |
Aug 29, 2014 | $0.015 | |
Jul 31, 2014 | $0.015 | |
Jun 30, 2014 | $0.014 | |
May 30, 2014 | $0.015 | |
Apr 30, 2014 | $0.015 | |
Mar 31, 2014 | $0.014 | |
Feb 28, 2014 | $0.014 | |
Jan 31, 2014 | $0.016 | |
Dec 31, 2013 | $0.015 | |
Nov 29, 2013 | $0.015 | |
Oct 31, 2013 | $0.015 | |
Sep 30, 2013 | $0.014 | |
Aug 30, 2013 | $0.016 | |
Jul 31, 2013 | $0.016 | |
Jun 28, 2013 | $0.014 | |
May 31, 2013 | $0.017 | |
Apr 30, 2013 | $0.016 | |
Mar 28, 2013 | $0.017 | |
Feb 28, 2013 | $0.015 | |
Jan 31, 2013 | $0.017 | |
Dec 31, 2012 | $0.017 | |
Nov 30, 2012 | $0.017 | |
Oct 31, 2012 | $0.017 | |
Sep 28, 2012 | $0.015 | |
Aug 31, 2012 | $0.018 | |
Jul 31, 2012 | $0.016 | |
Jun 29, 2012 | $0.016 | |
May 31, 2012 | $0.017 | |
Apr 30, 2012 | $0.016 | |
Mar 30, 2012 | $0.018 | |
Feb 29, 2012 | $0.016 | |
Jan 31, 2012 | $0.017 | |
Dec 30, 2011 | $0.052 | |
Nov 30, 2011 | $0.016 | |
Oct 31, 2011 | $0.017 | |
Sep 30, 2011 | $0.019 | |
Aug 31, 2011 | $0.018 | |
Jul 29, 2011 | $0.019 | |
Jun 30, 2011 | $0.018 | |
May 31, 2011 | $0.019 | |
Apr 29, 2011 | $0.020 | |
Mar 31, 2011 | $0.019 | |
Feb 28, 2011 | $0.018 | |
Jan 31, 2011 | $0.019 | |
Dec 31, 2010 | $0.035 | |
Nov 30, 2010 | $0.020 | |
Oct 29, 2010 | $0.022 | |
Sep 30, 2010 | $0.022 | |
Aug 31, 2010 | $0.022 | |
Jul 30, 2010 | $0.024 | |
Jun 30, 2010 | $0.022 | |
May 28, 2010 | $0.021 | |
Apr 30, 2010 | $0.024 | |
Mar 31, 2010 | $0.024 | |
Feb 26, 2010 | $0.021 | |
Jan 29, 2010 | $0.024 | |
Dec 31, 2009 | $0.072 | |
Nov 30, 2009 | $0.023 | |
Oct 30, 2009 | $0.026 | |
Sep 30, 2009 | $0.025 | |
Aug 31, 2009 | $0.024 | |
Jul 31, 2009 | $0.028 | |
Jun 30, 2009 | $0.025 | |
May 29, 2009 | $0.025 | |
Apr 30, 2009 | $0.023 | |
Mar 31, 2009 | $0.022 | |
Feb 27, 2009 | $0.020 | |
Jan 30, 2009 | $0.023 | |
Dec 31, 2008 | $0.079 | |
Nov 28, 2008 | $0.020 | |
Oct 31, 2008 | $0.024 | |
Sep 30, 2008 | $0.023 | |
Aug 29, 2008 | $0.026 | |
Jul 31, 2008 | $0.025 | |
Jun 30, 2008 | $0.023 | |
May 30, 2008 | $0.025 | |
Apr 30, 2008 | $0.023 | |
Mar 31, 2008 | $0.022 | |
Feb 29, 2008 | $0.024 | |
Jan 31, 2008 | $0.023 | |
Dec 31, 2007 | $0.079 | |
Nov 30, 2007 | $0.025 | |
Oct 31, 2007 | $0.028 | |
Sep 28, 2007 | $0.019 | |
Aug 31, 2007 | $0.027 | |
Jul 31, 2007 | $0.023 | |
Jun 29, 2007 | $0.025 | |
May 31, 2007 | $0.025 | |
Apr 30, 2007 | $0.023 | |
Mar 30, 2007 | $0.025 | |
Feb 28, 2007 | $0.022 | |
Jan 31, 2007 | $0.024 | |
Dec 29, 2006 | $0.046 | |
Nov 30, 2006 | $0.026 | |
Oct 31, 2006 | $0.025 | |
Sep 29, 2006 | $0.026 | |
Aug 31, 2006 | $0.027 | |
Jul 31, 2006 | $0.026 | |
Jun 30, 2006 | $0.025 | |
May 31, 2006 | $0.026 | |
Apr 28, 2006 | $0.025 | |
Mar 31, 2006 | $0.025 | |
Feb 28, 2006 | $0.022 | |
Jan 31, 2006 | $0.029 | |
Nov 30, 2005 | $0.030 | |
Oct 31, 2005 | $0.030 | |
Sep 30, 2005 | $0.027 | |
Aug 31, 2005 | $0.026 | |
Jul 29, 2005 | $0.028 | |
Jun 30, 2005 | $0.028 | |
May 31, 2005 | $0.025 | |
Apr 29, 2005 | $0.028 | |
Mar 31, 2005 | $0.023 | |
Feb 28, 2005 | $0.019 | |
Jan 31, 2005 | $0.026 | |
Dec 31, 2004 | $0.033 | |
Nov 30, 2004 | $0.034 | |
Oct 29, 2004 | $0.029 | |
Sep 30, 2004 | $0.028 | |
Aug 31, 2004 | $0.028 | |
Jul 30, 2004 | $0.031 | |
Jun 30, 2004 | $0.032 | |
May 28, 2004 | $0.027 | |
Apr 30, 2004 | $0.030 | |
Mar 31, 2004 | $0.025 | |
Feb 27, 2004 | $0.024 | |
Jan 30, 2004 | $0.035 | |
Dec 31, 2003 | $0.038 | |
Nov 28, 2003 | $0.028 | |
Oct 31, 2003 | $0.033 | |
Sep 30, 2003 | $0.028 | |
Aug 29, 2003 | $0.030 | |
Jul 31, 2003 | $0.030 | |
Jun 30, 2003 | $0.028 | |
May 30, 2003 | $0.030 | |
Apr 30, 2003 | $0.028 | |
Mar 31, 2003 | $0.029 | |
Feb 28, 2003 | $0.026 | |
Jan 31, 2003 | $0.032 | |
Dec 31, 2002 | $0.031 | |
Nov 29, 2002 | $0.028 | |
Oct 31, 2002 | $0.028 | |
Sep 30, 2002 | $0.026 | |
Aug 30, 2002 | $0.031 | |
Jul 31, 2002 | $0.030 | |
Jun 28, 2002 | $0.027 | |
May 31, 2002 | $0.018 | |
May 16, 2002 | $0.031 | |
Apr 15, 2002 | $0.031 | |
Mar 15, 2002 | $0.031 | |
Feb 14, 2002 | $0.034 | |
Jan 15, 2002 | $0.019 |
SHNAX - Fund Manager Analysis
Managers
Francesco Ossino
Start Date
Tenure
Tenure Rank
Oct 01, 2014
6.75
6.8%
Mr. Ossino is a senior managing director, senior portfolio manager, and sector head of the bank loan asset class at Newfleet. Before joining Newfleet in 2012, Mr. Ossino worked at Hartford Investment Management as a bank loan portfolio manager from 2004 to 2012, primarily focused on mutual fund portfolios and a commingled bank loan portfolio for institutional investors. He began his investment career in 1996. He received a BS in economics from Brandeis University and an MS in international economics and finance from Brandeis University and Luigi Bocconi University in Italy.
David Albrycht
Start Date
Tenure
Tenure Rank
Oct 01, 2014
6.75
6.8%
Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Eric Hess
Start Date
Tenure
Tenure Rank
Aug 30, 2019
1.84
1.8%
Mr. Hess is managing director and credit research analyst at Newfleet, responsible for the telecommunications, media, oil services, and utility industry sectors. Prior to joining Newfleet in 2011, Mr. Hess was on the fixed income team at Goodwin (2010 to 2011). Eric Hess, CFA. Mr. Hess is a Managing Director and Credit Analyst at Newfleet and Sector Head of High Yield Credit. He is also responsible for the oil and gas, power, and utility industries. In addition, Mr. Hess is co-portfolio manager of the Newfleet High Yield and Flexible Credit strategies in both separately managed and pooled vehicles, as well as mutual funds, through a number of subadvisory relationships. Prior to joining Newfleet in 2011, Mr. Hess was on the fixed income team at Goodwin Capital Advisers. He joined Goodwin Capital's corporate credit research group in 2010. Previous to joining Goodwin, he was a credit analyst for The Travelers Companies.
William Eastwood
Start Date
Tenure
Tenure Rank
Aug 30, 2019
1.84
1.8%
William Eastwood is a senior managing director, portfolio manager and head of trading at Newfleet Asset Management with trading responsibilities primarily for leveraged finance. In addition, Mr. Eastwood is co-portfolio manager of the Newfleet High Yield and Flexible Credit strategies in both separately managed and pooled vehicles, as well as mutual funds, through a number of subadvisory relationships. Mr. Eastwood joined Newfleet in 2011 as a senior fixed income trader. Prior to joining Newfleet, he served as a senior fixed income trader at several firms, including Neuberger Berman, PPM America, and Phoenix Investment Counsel. Mr. Eastwood earned a B.S. in finance from Post University and an M.B.A. from the University of Hartford. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1995.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 36.88 | 6.79 | 2.0 |