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Trending ETFs

Name

As of 07/16/2021

Price

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

$3.41

$211 M

3.51%

$0.14

1.71%

Vitals

YTD Return

1.2%

1 yr return

14.8%

3 Yr Avg Return

4.7%

5 Yr Avg Return

4.6%

Net Assets

$211 M

Holdings in Top 10

9.0%

52 WEEK LOW AND HIGH

$3.4
$3.18
$3.43

Expenses

OPERATING FEES

Expense Ratio 1.71%

SALES FEES

Front Load N/A

Deferred Load 1.00%

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 07/16/2021

Price

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

$3.41

$211 M

3.51%

$0.14

1.71%

SHNCX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.70%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AIG Flexible Credit Fund
  • Fund Family Name
    AIG
  • Inception Date
    Aug 21, 2000
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Albrycht

Fund Description


SHNCX - Performance

Return Ranking - Trailing

Period SHNCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -68.9% 12.5% 42.71%
1 Yr 14.8% -14.1% 50.8% 50.64%
3 Yr 4.7%* -11.6% 17.7% 87.82%
5 Yr 4.6%* -5.3% 13.9% 93.58%
10 Yr 4.3%* 1.4% 9.9% 95.69%

* Annualized

Return Ranking - Calendar

Period SHNCX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -75.1% 399.1% 46.80%
2022 5.3% -56.9% 226.1% 75.77%
2021 -7.5% -61.3% -0.4% 28.47%
2020 0.6% -49.0% 18.8% 68.67%
2019 4.9% -25.2% 28.6% 86.14%

Total Return Ranking - Trailing

Period SHNCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -68.9% 12.5% 42.84%
1 Yr 13.8% -16.7% 57.3% 56.05%
3 Yr 4.7%* -11.6% 16.5% 81.12%
5 Yr 4.6%* -5.3% 13.2% 90.23%
10 Yr 4.3%* 1.4% 9.9% 95.57%

* Annualized

Total Return Ranking - Calendar

Period SHNCX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -75.1% 399.1% 46.80%
2022 5.3% -56.9% 23.9% 76.04%
2021 -7.5% -61.3% 1.3% 41.15%
2020 0.6% -49.0% 18.8% 75.32%
2019 4.9% -25.2% 39.0% 88.77%

NAV & Total Return History


SHNCX - Holdings

Concentration Analysis

SHNCX Category Low Category High SHNCX % Rank
Net Assets 211 M 3.71 M 29.6 B 67.12%
Number of Holdings 278 1 2442 57.23%
Net Assets in Top 10 17.5 M -493 M 3.93 B 70.58%
Weighting of Top 10 8.99% 2.5% 100.0% 72.60%

Top 10 Holdings

  1. American Airlines, Inc. 11.75% 1.34%
  2. CSC Holdings, LLC 5.75% 0.99%
  3. Telesat Canada /Telesat LLC 6.5% 0.88%
  4. Allied Universal Holdco LLC / Allied Universal Finance Corporation 6.62% 0.86%
  5. DIAMOND (BC) B V INITIAL USD TERM LOAN 0.85%
  6. Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 4.62% 0.85%
  7. Science Applications International Corporation New 4.88% 0.83%
  8. NAS ENHANCED PASS THROUGH CERTIFICATES 4.88% 0.82%
  9. BROOKFIELD WEC HOLDINGS INC 2021 TERM LOAN 0.81%
  10. MILEAGE PLUS HOLDINGS LLC 2020 TERM LOAN B 0.81%

Asset Allocation

Weighting Return Low Return High SHNCX % Rank
Bonds
99.22% 0.00% 147.88% 9.64%
Stocks
0.43% -10.91% 31.60% 46.35%
Preferred Stocks
0.39% 0.00% 19.22% 34.73%
Convertible Bonds
0.36% 0.00% 19.02% 88.88%
Other
0.00% -52.60% 32.06% 72.44%
Cash
-0.40% -44.84% 100.00% 92.21%

Stock Sector Breakdown

Weighting Return Low Return High SHNCX % Rank
Communication Services
58.48% 0.00% 100.00% 6.30%
Energy
40.55% 0.00% 100.00% 49.63%
Consumer Cyclical
0.97% 0.00% 100.00% 34.26%
Utilities
0.00% 0.00% 100.00% 70.93%
Technology
0.00% 0.00% 61.28% 70.74%
Real Estate
0.00% 0.00% 100.00% 70.19%
Industrials
0.00% 0.00% 100.00% 76.85%
Healthcare
0.00% 0.00% 60.00% 75.56%
Financial Services
0.00% 0.00% 100.00% 74.26%
Consumer Defense
0.00% 0.00% 100.00% 67.22%
Basic Materials
0.00% 0.00% 100.00% 77.04%

Stock Geographic Breakdown

Weighting Return Low Return High SHNCX % Rank
US
0.43% -13.16% 30.16% 43.14%
Non US
0.00% 0.00% 14.47% 76.64%

Bond Sector Breakdown

Weighting Return Low Return High SHNCX % Rank
Corporate
100.00% 0.00% 100.00% 4.83%
Derivative
0.00% 0.00% 46.55% 79.83%
Cash & Equivalents
0.00% 0.00% 100.00% 98.64%
Securitized
0.00% 0.00% 95.33% 86.51%
Municipal
0.00% 0.00% 11.44% 64.36%
Government
0.00% 0.00% 71.25% 76.98%

Bond Geographic Breakdown

Weighting Return Low Return High SHNCX % Rank
US
89.58% 0.00% 123.46% 8.28%
Non US
9.64% 0.00% 97.21% 75.15%

SHNCX - Expenses

Operational Fees

SHNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.71% 0.01% 4.79% 14.61%
Management Fee 0.74% 0.00% 1.84% 87.80%
12b-1 Fee 1.00% 0.00% 1.00% 91.83%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SHNCX 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% 0.00% 5.50% 72.36%

Trading Fees

SHNCX 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.

SHNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 0.00% 349.00% 52.46%

SHNCX - Distributions

Dividend Yield Analysis

SHNCX Category Low Category High SHNCX % Rank
Dividend Yield 3.51% 0.00% 3.95% 65.19%

Dividend Distribution Analysis

SHNCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SHNCX Category Low Category High SHNCX % Rank
Net Income Ratio 3.70% -2.17% 10.53% 89.93%

Capital Gain Distribution Analysis

SHNCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

SHNCX - Fund Manager Analysis

Managers

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.

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.

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