NCICX: New Covenant Income Fund - MutualFunds.com
Continue to site >
Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.90

-

-

$0.43

0.96%

Vitals

YTD Return

-1.5%

1 yr return

0.5%

3 Yr Avg Return

4.4%

5 Yr Avg Return

2.6%

Net Assets

$418 M

Holdings in Top 10

37.4%

52 WEEK LOW AND HIGH

$23.90
$23.83
$24.50

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 112.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Short-Term Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.90

-

-

$0.43

0.96%

NCICX - Profile

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    New Covenant Income Fund
  • Fund Family Name
    New Covenant
  • Inception Date
    Jul 01, 1999
  • Shares Outstanding
    17471987
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Julien Scholnick

Fund Description

Under normal market conditions, at least 80% of the fund's net assets will be invested in a diversified portfolio of bonds and other debt obligations of varying maturities. At least 65% of the fund's net assets will be invested in bonds that are rated within the four highest credit rating categories assigned by independent rating agencies, and the advisor will attempt to maintain an overall credit quality rating of AA or higher.


NCICX - Performance

Return Ranking - Trailing

Period NCICX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -18.7% 97.8% 96.90%
1 Yr 0.5% -1.8% 17.3% 72.70%
3 Yr 4.4%* 0.9% 9.6% 8.42%
5 Yr 2.6%* 0.2% 6.7% 28.91%
10 Yr 2.5%* 0.2% 4.9% 19.63%

* Annualized

Return Ranking - Calendar

Period NCICX Return Category Return Low Category Return High Rank in Category (%)
2020 2.6% -23.0% 206.3% 27.87%
2019 4.6% -2.4% 9.3% 3.69%
2018 -2.3% -50.6% 1.0% 83.21%
2017 0.5% -2.6% 4.6% 12.89%
2016 0.5% -65.8% 10.9% 36.89%

Total Return Ranking - Trailing

Period NCICX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -18.7% 97.9% 96.89%
1 Yr 0.5% -6.9% 17.3% 61.23%
3 Yr 4.4%* -0.6% 9.6% 8.08%
5 Yr 2.6%* -0.6% 6.7% 26.00%
10 Yr 2.5%* 0.1% 4.9% 18.46%

* Annualized

Total Return Ranking - Calendar

Period NCICX Return Category Return Low Category Return High Rank in Category (%)
2020 2.6% -23.0% 206.3% 27.92%
2019 4.6% -2.3% 9.3% 4.57%
2018 -2.3% -7.0% 6.5% 86.83%
2017 0.5% -2.6% 8.2% 29.31%
2016 0.5% -65.2% 10.9% 48.00%

NAV & Total Return History


NCICX - Holdings

Concentration Analysis

NCICX Category Low Category High NCICX % Rank
Net Assets 418 M 6.34 M 79.3 B 67.15%
Number of Holdings 1198 3 5100 13.00%
Net Assets in Top 10 59 M -154 M 12.3 B 68.46%
Weighting of Top 10 37.36% 2.3% 100.0% 21.13%

Top 10 Holdings

  1. 5 Year Treasury Note Future Sept 20 20.44%
  2. 5 Year Treasury Note Future Sept 20 20.44%
  3. 5 Year Treasury Note Future Sept 20 20.44%
  4. 5 Year Treasury Note Future Sept 20 20.44%
  5. 5 Year Treasury Note Future Sept 20 20.44%
  6. 5 Year Treasury Note Future Sept 20 20.44%
  7. 5 Year Treasury Note Future Sept 20 20.44%
  8. 5 Year Treasury Note Future Sept 20 20.44%
  9. 5 Year Treasury Note Future Sept 20 20.44%
  10. 5 Year Treasury Note Future Sept 20 20.44%

Asset Allocation

Weighting Return Low Return High NCICX % Rank
Bonds
96.30% 40.85% 132.53% 20.13%
Cash
2.68% -35.97% 56.06% 69.10%
Convertible Bonds
1.02% 0.00% 37.57% 76.07%
Stocks
0.00% -0.08% 9.53% 35.34%
Preferred Stocks
0.00% 0.00% 23.28% 38.67%
Other
0.00% -6.80% 19.35% 25.67%

Bond Sector Breakdown

Weighting Return Low Return High NCICX % Rank
Government
40.02% 0.00% 82.95% 21.08%
Securitized
35.42% 0.00% 94.44% 24.41%
Corporate
21.58% 0.00% 100.00% 78.45%
Cash & Equivalents
2.27% 0.00% 56.06% 80.98%
Municipal
0.72% 0.00% 88.84% 14.10%
Derivative
0.00% 0.00% 26.40% 36.77%

Bond Geographic Breakdown

Weighting Return Low Return High NCICX % Rank
US
89.27% 0.00% 113.69% 11.25%
Non US
7.03% 0.00% 73.25% 83.68%

NCICX - Expenses

Operational Fees

NCICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.02% 2.47% 22.15%
Management Fee 0.42% 0.00% 1.19% 74.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.01% 0.50% 85.02%

Sales Fees

NCICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

NCICX 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.

NCICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 112.00% 0.00% 496.37% 62.56%

NCICX - Distributions

Dividend Yield Analysis

NCICX Category Low Category High NCICX % Rank
Dividend Yield 0.00% 0.00% 1.40% 24.96%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NCICX Category Low Category High NCICX % Rank
Net Income Ratio 1.22% -0.50% 65.00% 78.91%

Capital Gain Distribution Analysis

NCICX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

NCICX - Fund Manager Analysis

Managers

Julien Scholnick


Start Date

Tenure

Tenure Rank

Apr 23, 2012

9.36

9.4%

– Western Asset Management Company, LLC – Portfolio Manager, 2003- – Salomon Smith Barney – Associate, Private Client Group, 2000-2001 – Digital Coast Partners – Senior Analyst, 1999-2000 – Arthur Andersen, LLP – Senior Analyst, 1997-1999 – Cornell University, M.B.A. – University of California, Los Angeles, B.A., magna cum laude – Chartered Financial Analyst

John Bellows


Start Date

Tenure

Tenure Rank

Oct 31, 2013

7.84

7.8%

– Western Asset Management Company, LLC – Portfolio Manager, 2012- – U.S. Department of the Treasury – Acting Assistant Secretary for Economic Policy; Deputy Assistant Secretary for Microeconomic Analysis; Senior Advisor in the Office of Economic Policy, 2009-2011 – University of California, Berkeley, PhD Economics – Dartmouth College, B.A. Economics, magna cum laude – Chartered Financial Analyst

S. Leech


Start Date

Tenure

Tenure Rank

Oct 31, 2014

6.84

6.8%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

William O'Malley


Start Date

Tenure

Tenure Rank

Jan 29, 2016

5.59

5.6%

Bill joined IR+M in September 1994. Prior to IR+M, Bill was a Vice President at Wellington Management Company, LLP. Before joining Wellington in 1989, Bill worked at The Vanguard Group and in Morgan Stanley's Fixed Income Division. Bill has a BA from Amherst College (1984) and an MBA from The Wharton School of the University of Pennsylvania (1989).

James Gubitosi


Start Date

Tenure

Tenure Rank

Oct 31, 2017

3.84

3.8%

Jim joined IR+M in March 2007 and Mr. Gubitosi was previously an Analyst and Portfolio Manager with Income Research & Management (“IR+M”). Prior to IR+M, he was a Senior Analyst at Financial Architects Partners. Jim has a BSBA from Boston University School of Management (2004).

Richard Bamford


Start Date

Tenure

Tenure Rank

Oct 31, 2017

3.84

3.8%

Richard A. Bamford serves as a Portfolio Manager for the Fixed Income Team within SIMC's Investment Management Unit. Mr. Bamford is responsible for investment grade debt and municipal bond portfolios. Mr. Bamford's duties include manager analysis and selection, strategy development and enhancement as well as investment research. Mr. Bamford has over 20 years of investment experience in investment management. Prior to joining SEI in 1999, Mr. Bamford worked as a Municipal Credit Analyst for Vanguard. Mr. Bamford received a Bachelor of Science in Economics/Finance and Accounting from the University of Scranton and an M.B.A. with a concentration in Finance from St. Joseph's University.

Mark Lindbloom


Start Date

Tenure

Tenure Rank

Oct 31, 2019

1.84

1.8%

– Western Asset Management Company, LLC – Portfolio Manager, 2005- – Citigroup Asset Management – Portfolio Manager, 1986-2005 – Brown Brothers Harriman & Co. – Portfolio Manager, 1981-1986 – New York Life Ins. – Analyst, 1978-1980 – Pace University, M.B.A. – Rider University, B.S.

Frederick Marki


Start Date

Tenure

Tenure Rank

Oct 31, 2019

1.84

1.8%

Frederick R. Marki is a Portfolio manager of Western since 2005. He began his investment career in 1983 and has a BS from the Massachusetts Institute of Technology. Marki joined Western Asset in 2006. Prior to this, Marki was a director of Citigroup Asset Management and investment officer of the manager. and its predecessor companies.

Jake Remley


Start Date

Tenure

Tenure Rank

Dec 31, 2019

1.67

1.7%

Jake joined IR+M in July 2005. Prior to IR+M, he was an associate with Lehman Brothers Holdings. Previously, he was a Senior Consultant at Whitelight Systems, Inc. Jake has a BSE from Princeton University (1995) and an MBA from the Kellogg School of Management at Northwestern University (2002).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.02 5.84 1.67