Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
3.2%
3 Yr Avg Return
2.1%
5 Yr Avg Return
4.5%
Net Assets
$116 M
Holdings in Top 10
32.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.77%
SALES FEES
Front Load 5.25%
Deferred Load N/A
TRADING FEES
Turnover 232.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TCBAX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 4.5%
- Capital Gain Distribution Frequency Quarterly
- Net Income Ratio 1.20%
- Dividend Yield 2.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameThe Covered Bridge Fund
-
Fund Family NameCovered Bridge
-
Inception DateOct 01, 2013
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Schonberg
Fund Description
The Fund seeks its investment objective by investing, under normal market conditions, in dividend paying equity securities of domestic and foreign large capitalization companies. The Adviser defines large capitalization companies to be those with total average market values of at least $10 billion. The Fund also sells options on these securities in order to generate income for the Fund from premiums.
The Fund expects to invest up to 20% of the Fund’s assets in foreign securities and the remainder in domestic securities. It is expected that the Fund’s strategy will result in high portfolio turnover.
TCBAX - Performance
Return Ranking - Trailing
Period | TCBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -2.8% | 240.8% | 4.35% |
1 Yr | 3.2% | -4.3% | 140.6% | 25.22% |
3 Yr | 2.1%* | -8.3% | 18.3% | 46.79% |
5 Yr | 4.5%* | -5.0% | 17.3% | 38.98% |
10 Yr | 5.1%* | -4.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | TCBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.4% | -34.1% | 904.0% | 87.84% |
2022 | -7.4% | -28.6% | 438.4% | 51.45% |
2021 | 11.4% | -93.5% | 8.2% | 74.48% |
2020 | -6.8% | -38.9% | 19.8% | 70.54% |
2019 | 10.8% | -10.9% | 12.8% | 21.36% |
Total Return Ranking - Trailing
Period | TCBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -2.7% | 244.0% | 4.35% |
1 Yr | 3.2% | -4.3% | 140.6% | 42.61% |
3 Yr | 2.1%* | -8.3% | 18.3% | 65.38% |
5 Yr | 4.5%* | -5.4% | 17.3% | 50.85% |
10 Yr | 5.1%* | -4.6% | 13.2% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TCBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.3% | -34.1% | 904.0% | 87.84% |
2022 | 0.4% | -5.9% | 438.4% | 52.02% |
2021 | 17.9% | -81.2% | 8.2% | 83.45% |
2020 | -2.0% | -29.0% | 19.8% | 83.72% |
2019 | 17.7% | -10.9% | 12.8% | 36.89% |
NAV & Total Return History
TCBAX - Holdings
Concentration Analysis
TCBAX | Category Low | Category High | TCBAX % Rank | |
---|---|---|---|---|
Net Assets | 116 M | 25 | 17.4 B | 46.07% |
Number of Holdings | 107 | 2 | 508 | 25.19% |
Net Assets in Top 10 | 38.4 M | -6.66 M | 5.12 B | 72.52% |
Weighting of Top 10 | 32.50% | 11.3% | 100.0% | 57.33% |
Top 10 Holdings
- FIRST AM-TR OB-X 7.72%
- JOHNSONJOHNSON 2.99%
- INTEL CORP 2.98%
- QUALCOMM INC 2.94%
- ATT INC 2.84%
- MEDTRONIC PLC 2.79%
- BRISTOL-MYER SQB 2.61%
- CHESAPEAKE ENERG 2.61%
- VERIZON COMMUNIC 2.59%
- PFIZER INC 2.44%
Asset Allocation
Weighting | Return Low | Return High | TCBAX % Rank | |
---|---|---|---|---|
Stocks | 92.26% | -3.92% | 100.76% | 67.18% |
Cash | 8.41% | -0.76% | 100.29% | 27.86% |
Preferred Stocks | 0.00% | 0.00% | 3.08% | 63.36% |
Convertible Bonds | 0.00% | 0.00% | 20.91% | 64.89% |
Bonds | 0.00% | 0.00% | 97.96% | 66.03% |
Other | -0.67% | 0.00% | 45.92% | 72.14% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TCBAX % Rank | |
---|---|---|---|---|
Technology | 18.79% | 0.00% | 44.43% | 92.02% |
Consumer Defense | 12.89% | 0.00% | 22.87% | 4.62% |
Financial Services | 12.27% | 0.00% | 29.60% | 5.46% |
Healthcare | 11.11% | 0.00% | 25.91% | 4.20% |
Consumer Cyclical | 9.97% | 0.00% | 19.02% | 93.70% |
Industrials | 8.24% | 1.41% | 43.91% | 92.02% |
Basic Materials | 6.51% | 0.00% | 60.58% | 29.41% |
Energy | 6.32% | 0.00% | 69.54% | 5.04% |
Communication Services | 6.28% | 0.00% | 21.22% | 83.19% |
Real Estate | 3.89% | 0.00% | 9.74% | 6.30% |
Utilities | 3.74% | 0.00% | 13.35% | 12.61% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TCBAX % Rank | |
---|---|---|---|---|
US | 92.26% | -3.89% | 100.00% | 55.34% |
Non US | 0.00% | -2.17% | 99.33% | 24.05% |
TCBAX - Expenses
Operational Fees
TCBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.77% | 0.20% | 6.78% | 25.51% |
Management Fee | 1.00% | 0.20% | 1.75% | 77.24% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 77.01% |
Administrative Fee | N/A | 0.02% | 0.28% | N/A |
Sales Fees
TCBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.25% | 4.75% | 5.75% | 85.19% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
TCBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 2.00% | 94.12% |
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.
TCBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 232.00% | 0.00% | 456.80% | 95.09% |
TCBAX - Distributions
Dividend Yield Analysis
TCBAX | Category Low | Category High | TCBAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.58% | 0.00% | 3.76% | 66.17% |
Dividend Distribution Analysis
TCBAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Annually |
Net Income Ratio Analysis
TCBAX | Category Low | Category High | TCBAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.20% | -2.54% | 14.24% | 17.62% |
Capital Gain Distribution Analysis
TCBAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Quarterly | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 11, 2023 | $0.225 | OrdinaryDividend |
Sep 29, 2023 | $0.043 | OrdinaryDividend |
Jun 30, 2023 | $0.044 | OrdinaryDividend |
Mar 31, 2023 | $0.025 | OrdinaryDividend |
Dec 12, 2022 | $0.226 | OrdinaryDividend |
Mar 31, 2022 | $0.193 | OrdinaryDividend |
Mar 30, 2021 | $0.023 | OrdinaryDividend |
Dec 30, 2020 | $0.034 | OrdinaryDividend |
Dec 12, 2019 | $0.146 | OrdinaryDividend |
Sep 27, 2019 | $0.053 | OrdinaryDividend |
Sep 27, 2018 | $0.035 | OrdinaryDividend |
Jun 28, 2018 | $0.033 | OrdinaryDividend |
Mar 14, 2018 | $0.030 | OrdinaryDividend |
Sep 28, 2017 | $0.026 | OrdinaryDividend |
Jun 29, 2017 | $0.029 | OrdinaryDividend |
Mar 30, 2017 | $0.013 | OrdinaryDividend |
Sep 29, 2016 | $0.017 | OrdinaryDividend |
Jun 29, 2016 | $0.016 | OrdinaryDividend |
Mar 30, 2016 | $0.027 | OrdinaryDividend |
Sep 29, 2015 | $0.026 | OrdinaryDividend |
Jun 29, 2015 | $0.027 | OrdinaryDividend |
Mar 30, 2015 | $0.020 | OrdinaryDividend |
Dec 30, 2014 | $0.030 | OrdinaryDividend |
Sep 29, 2014 | $0.038 | OrdinaryDividend |
Jun 27, 2014 | $0.009 | OrdinaryDividend |
Mar 28, 2014 | $0.018 | OrdinaryDividend |
TCBAX - Fund Manager Analysis
Managers
John Schonberg
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.67
8.7%
John is an owner of Stonebridge and serves as the Chief Investment Officer overseeing the investment activities of the firm and directing the portfolio management teams and committees. He is one of the Portfolio Managers in charge of institutional and high net worth individual investment strategies and is the lead portfolio manager of the covered call strategy.
Michael Dashner
Start Date
Tenure
Tenure Rank
Oct 01, 2013
8.67
8.7%
Mr. Dashner, Portfolio Manager, leads the Large Cap Equity Growth team at Stonebridge Capital Advisors and is responsible for trading across all equity strategies. As a member of the Research Committee, Michael follows sector-specific companies and maintains the equity universe and models for each equity strategy. He is responsible for identifying and developing new trading systems and methods in an effort to maximize effectiveness and efficiency across multiple platforms. Prior to joining the Equity Team, Mr. Dashner was head of fixed-income trading. He was in charge of fulfilling investment objectives for high-net-worth individuals and institutions and achieving the best prices for each trade. Michael earned his BBA in Economics from the University of South Dakota. He went on to graduate with an MBA in 2009 before joining Stonebridge Capital Advisors.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 19.77 | 3.61 | 5.67 |