Segall Bryant & Hamill Quality High Yield Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.0%
1 yr return
15.4%
3 Yr Avg Return
2.5%
5 Yr Avg Return
3.8%
Net Assets
$69.1 M
Holdings in Top 10
25.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WTLTX - Profile
Distributions
- YTD Total Return 6.0%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.30%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSegall Bryant & Hamill Quality High Yield Fund
-
Fund Family NameSegall Bryant & Hamill Funds
-
Inception DateMay 02, 2018
-
Shares OutstandingN/A
-
Share ClassIndividual
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTroy Johnson
Fund Description
● | The Fund invests in a wide variety of income-producing securities, primarily through investments in bonds (which includes, but is not limited to, corporate bonds, government and agency securities, mortgage-backed securities, asset-backed securities, and zero coupon bonds), and to a lesser extent, through convertible bonds and equity securities, including both convertible and non-convertible preferred stock and common stock. |
● | Under normal circumstances, the Fund will invest at least eighty percent (80%) of the value of its net assets plus any borrowings for investment purposes in “high yield” securities. |
● | The Fund considers “high yield” securities to include securities rated, at the time of purchase, below investment grade by at least one nationally recognized rating agency, such as Moody’s or Standard & Poor’s (a “Rating Agency”) or are unrated and determined to be of comparable quality by the Adviser and may include securities that are already in default. |
● | Although the Fund normally focuses on U.S. dollar-denominated securities, the Fund may invest up to twenty-five percent (25%) in non-U.S. dollar-denominated securities. |
● | The Fund emphasizes investments in corporate bonds, which may generate more income than government securities. Corporate bonds also provide opportunities for the portfolio management team’s research to identify companies with stable or improving credit characteristics, which may result in price appreciation. |
● | The Fund may invest in other securities, including equity securities, primarily common and preferred stock, trust preferred securities, debt issued by REITs, mortgage-backed, and asset-backed securities, which may also offer higher yield than government securities. |
● | The Fund’s portfolio management team implements an investment strategy that is based on the belief that consistently strong risk-adjusted returns are best achieved through an emphasis on securities with higher income streams (typically non-Treasury sectors). The portfolio management team seeks to deliver alpha, or risk-adjusted excess return, relative to the Fund’s benchmark, primarily through security and sector selection and, secondarily, through portfolio level decisions. |
● | Using a collaborative approach grounded in proprietary research, the team constructs a diversified portfolio with a “quality” focus by issuer to seek to minimize issuer-specific credit risk. |
● | Credit analysis is at the core of the investment process, as the team believes valuation anomalies between sectors and securities are most effectively captured through proprietary fundamental research and a long-term investment orientation. The process also leverages the resources of the Adviser’s equity research teams, providing diverse perspectives and added knowledge about the securities the team analyzes. |
● | SBH utilizes an “integrated” approach to a company’s environmental, social, and corporate governance (“ESG”) practices within its investment process alongside other non-ESG factors. SBH believes responsible corporate citizenship is additive to the creditworthiness of underlying issuers and contributes to our quality determination and assessment of risks, however consideration of ESG factors would not necessarily result in an issuer being included or excluded from the evaluation process. |
● | Securities may be sold when conditions have changed and the security’s prospects are no longer attractive, the security has achieved the team’s valuation target or better relative investment opportunities have been identified. |
WTLTX - Performance
Return Ranking - Trailing
Period | WTLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | -5.4% | 15.5% | 85.28% |
1 Yr | 15.4% | 0.0% | 19.6% | 48.87% |
3 Yr | 2.5%* | -14.6% | 21.2% | 51.82% |
5 Yr | 3.8%* | -11.8% | 37.5% | 53.86% |
10 Yr | N/A* | -5.2% | 20.1% | 51.39% |
* Annualized
Return Ranking - Calendar
Period | WTLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.3% | -4.7% | 14.3% | 6.82% |
2022 | -13.4% | -33.4% | 3.6% | 20.66% |
2021 | -0.3% | -8.4% | 8.2% | 62.07% |
2020 | 3.0% | -13.2% | 302.7% | 8.93% |
2019 | 6.8% | -4.4% | 13.3% | 67.21% |
Total Return Ranking - Trailing
Period | WTLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | -5.4% | 15.5% | 85.28% |
1 Yr | 15.4% | 0.0% | 19.6% | 48.87% |
3 Yr | 2.5%* | -14.6% | 21.2% | 51.82% |
5 Yr | 3.8%* | -11.8% | 37.5% | 53.86% |
10 Yr | N/A* | -5.2% | 20.1% | 47.70% |
* Annualized
Total Return Ranking - Calendar
Period | WTLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.2% | -4.7% | 18.7% | 50.97% |
2022 | -9.7% | -33.4% | 47.8% | 34.43% |
2021 | 3.1% | -8.4% | 12.4% | 86.05% |
2020 | 7.3% | -9.6% | 325.6% | 17.69% |
2019 | 12.2% | -3.8% | 19.4% | 73.51% |
NAV & Total Return History
WTLTX - Holdings
Concentration Analysis
WTLTX | Category Low | Category High | WTLTX % Rank | |
---|---|---|---|---|
Net Assets | 69.1 M | 3.13 M | 23.6 B | 89.32% |
Number of Holdings | 64 | 2 | 3879 | 96.59% |
Net Assets in Top 10 | 17 M | -492 M | 5.25 B | 85.37% |
Weighting of Top 10 | 25.26% | 4.2% | 146.0% | 13.66% |
Top 10 Holdings
- Provident Funding Associates LP/PFG Finance Corp. 6.375%, Due 06/15/2025 2.84%
- IIP Oper Partnership 5.50%, Due 05/25/2026 2.76%
- Vista Outdoor, Inc. 4.50%, Due 03/15/2029 2.62%
- Occidental Petroleum Corporation 7.875%, Due 09/15/2031 2.58%
- Range Resources Corporation 8.250%, Due 01/15/2029 2.51%
- Outfront Media Cap 4.25%, Due 01/15/2029 2.50%
- Goodyear Tire Rubber Co. 4.875%, Due 3/15/2027 2.47%
- Vistra Operations Company, LLC 5.000%, DUE 07/31/2027 2.37%
- KB Home 6.8750%, Due 06/15/2027 2.36%
- ATS Automation Tooling Systems 4.1250%, Due 12/15/2028 2.25%
Asset Allocation
Weighting | Return Low | Return High | WTLTX % Rank | |
---|---|---|---|---|
Bonds | 96.22% | 0.00% | 145.36% | 42.39% |
Cash | 3.78% | -52.00% | 48.02% | 48.62% |
Stocks | 0.00% | 0.00% | 99.64% | 97.25% |
Preferred Stocks | 0.00% | 0.00% | 4.97% | 93.82% |
Other | 0.00% | -39.08% | 99.96% | 85.53% |
Convertible Bonds | 0.00% | 0.00% | 17.89% | 99.19% |
Bond Sector Breakdown
Weighting | Return Low | Return High | WTLTX % Rank | |
---|---|---|---|---|
Corporate | 96.39% | 0.00% | 100.00% | 36.32% |
Derivative | 0.00% | -14.19% | 42.26% | 83.58% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 99.67% |
Securitized | 0.00% | 0.00% | 97.24% | 95.44% |
Municipal | 0.00% | 0.00% | 1.17% | 92.18% |
Government | 0.00% | 0.00% | 99.07% | 93.65% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | WTLTX % Rank | |
---|---|---|---|---|
US | 96.22% | 0.00% | 126.57% | 28.78% |
Non US | 0.00% | 0.00% | 96.91% | 94.47% |
WTLTX - Expenses
Operational Fees
WTLTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.02% | 38.33% | 48.21% |
Management Fee | 0.45% | 0.00% | 1.75% | 19.77% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.01% | 0.00% | 0.50% | 2.65% |
Sales Fees
WTLTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
WTLTX 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.
WTLTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 25.00% | 1.00% | 255.00% | 3.37% |
WTLTX - Distributions
Dividend Yield Analysis
WTLTX | Category Low | Category High | WTLTX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.17% | 0.00% | 11.76% | 89.66% |
Dividend Distribution Analysis
WTLTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
WTLTX | Category Low | Category High | WTLTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.30% | -2.39% | 9.30% | 89.24% |
Capital Gain Distribution Analysis
WTLTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 26, 2024 | $0.031 | OrdinaryDividend |
Aug 28, 2024 | $0.031 | OrdinaryDividend |
Jul 29, 2024 | $0.031 | OrdinaryDividend |
Apr 26, 2024 | $0.031 | OrdinaryDividend |
Mar 26, 2024 | $0.032 | OrdinaryDividend |
Feb 27, 2024 | $0.029 | OrdinaryDividend |
Jan 29, 2024 | $0.032 | OrdinaryDividend |
Dec 26, 2023 | $0.031 | OrdinaryDividend |
Nov 21, 2023 | $0.031 | OrdinaryDividend |
Oct 27, 2023 | $0.031 | OrdinaryDividend |
Sep 27, 2023 | $0.030 | OrdinaryDividend |
Aug 29, 2023 | $0.031 | OrdinaryDividend |
Jul 27, 2023 | $0.032 | OrdinaryDividend |
Jun 28, 2023 | $0.030 | OrdinaryDividend |
May 26, 2023 | $0.030 | OrdinaryDividend |
Apr 26, 2023 | $0.029 | OrdinaryDividend |
Mar 29, 2023 | $0.031 | OrdinaryDividend |
Feb 24, 2023 | $0.027 | OrdinaryDividend |
Jan 27, 2023 | $0.030 | OrdinaryDividend |
Dec 27, 2022 | $0.030 | OrdinaryDividend |
Nov 22, 2022 | $0.030 | OrdinaryDividend |
Oct 27, 2022 | $0.030 | OrdinaryDividend |
Sep 28, 2022 | $0.028 | OrdinaryDividend |
Aug 29, 2022 | $0.028 | OrdinaryDividend |
Jul 27, 2022 | $0.029 | OrdinaryDividend |
Jun 28, 2022 | $0.029 | OrdinaryDividend |
May 26, 2022 | $0.029 | OrdinaryDividend |
Apr 27, 2022 | $0.027 | OrdinaryDividend |
Mar 29, 2022 | $0.027 | OrdinaryDividend |
Feb 24, 2022 | $0.024 | OrdinaryDividend |
Jan 27, 2022 | $0.028 | OrdinaryDividend |
Dec 17, 2021 | $0.026 | OrdinaryDividend |
Nov 22, 2021 | $0.026 | OrdinaryDividend |
Oct 27, 2021 | $0.026 | OrdinaryDividend |
Sep 28, 2021 | $0.025 | OrdinaryDividend |
Aug 27, 2021 | $0.025 | OrdinaryDividend |
Jul 28, 2021 | $0.025 | OrdinaryDividend |
Jun 28, 2021 | $0.027 | OrdinaryDividend |
May 26, 2021 | $0.027 | OrdinaryDividend |
Apr 28, 2021 | $0.026 | OrdinaryDividend |
Mar 29, 2021 | $0.015 | OrdinaryDividend |
Feb 24, 2021 | $0.038 | OrdinaryDividend |
Jan 27, 2021 | $0.028 | OrdinaryDividend |
Dec 18, 2020 | $0.027 | OrdinaryDividend |
Nov 18, 2020 | $0.028 | OrdinaryDividend |
Oct 28, 2020 | $0.030 | OrdinaryDividend |
Sep 23, 2020 | $0.030 | OrdinaryDividend |
Aug 26, 2020 | $0.032 | OrdinaryDividend |
Jul 29, 2020 | $0.031 | OrdinaryDividend |
Jun 24, 2020 | $0.032 | OrdinaryDividend |
May 27, 2020 | $0.031 | OrdinaryDividend |
Apr 22, 2020 | $0.029 | OrdinaryDividend |
Mar 25, 2020 | $0.031 | OrdinaryDividend |
Feb 26, 2020 | $0.028 | OrdinaryDividend |
Jan 29, 2020 | $0.029 | OrdinaryDividend |
Dec 19, 2019 | $0.031 | OrdinaryDividend |
Nov 20, 2019 | $0.028 | OrdinaryDividend |
Oct 30, 2019 | $0.031 | OrdinaryDividend |
Sep 25, 2019 | $0.030 | OrdinaryDividend |
Aug 28, 2019 | $0.032 | OrdinaryDividend |
Jul 24, 2019 | $0.032 | OrdinaryDividend |
Jun 26, 2019 | $0.031 | OrdinaryDividend |
May 29, 2019 | $0.034 | OrdinaryDividend |
Apr 24, 2019 | $0.089 | OrdinaryDividend |
Mar 27, 2019 | $0.035 | OrdinaryDividend |
Feb 20, 2019 | $0.032 | OrdinaryDividend |
Jan 23, 2019 | $0.034 | OrdinaryDividend |
Dec 14, 2018 | $0.035 | OrdinaryDividend |
Nov 20, 2018 | $0.036 | OrdinaryDividend |
Oct 24, 2018 | $0.033 | OrdinaryDividend |
Sep 26, 2018 | $0.033 | OrdinaryDividend |
Aug 29, 2018 | $0.034 | OrdinaryDividend |
Jul 25, 2018 | $0.033 | OrdinaryDividend |
Jun 27, 2018 | $0.034 | OrdinaryDividend |
May 23, 2018 | $0.033 | OrdinaryDividend |
WTLTX - Fund Manager Analysis
Managers
Troy Johnson
Start Date
Tenure
Tenure Rank
Apr 30, 2009
13.09
13.1%
Troy A. Johnson is the director of Fixed Income research and a principal at Segall Bryant & Hamill, LLC. Mr. Johnson joined the firm in 2018 as part of Segall Bryant & Hamill’s acquisition of Denver Investments. During his tenure with Denver Investments, he served as the director of Fixed Income research, a portfolio manager and credit research analyst on the Fixed Income team. Prior to joining Denver Investments in 2007, Mr. Johnson worked as a portfolio manager and analyst at Quixote Capital Management for six years, specializing in risk arbitrage. He also performed credit analysis of investment-grade and high-yield issues while ultimately serving as the senior fixed income analyst during his eight years at Invesco Funds Group, Inc. Mr. Johnson earned his B.S. from Montana State University and his M.S. from the University of Wisconsin. He has earned the Chartered Financial Analyst (CFA) designation and is a member of CFA Institute and CFA Society Colorado.
Gregory Shea
Start Date
Tenure
Tenure Rank
May 10, 2016
6.06
6.1%
Gregory M. Shea is also a portfolio manager and principal at Segall Bryant & Hamill, LLC. Mr. Shea joined the firm in 2018 as part of Segall Bryant & Hamill’s acquisition of Denver Investments. During his tenure with Denver Investments, he served as a portfolio manager and credit research analyst on the fixed income team. Prior to joining Denver Investments in 2008, Mr. Shea worked as a high-yield credit analyst at Lehman Brothers Asset Management for four years. He also worked as an investment banking analyst at Banc of America Securities LLC for one year and held a bank credit analyst position at Bank of America for two years. Mr. Shea earned his B.S. and MSBA from Washington University. He has earned the Chartered Financial Analyst (CFA) designation and is a member of CFA Institute and CFA Society Colorado.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.3 | 8.17 |