Invests in fixed income securities of the United States. Focuses on investment grade corporate bonds. Now — the numbers.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
This is an established company with proven profits.
No real growth (1% a year). Red columns mark years that ended in a loss.
The market pays 10.3× for every dollar of annual profit — cheap, which is either an opportunity or a warning.
No analyst target is on record for this company.
Executives buying with their own money is usually read as confidence in the company’s future.
The stock trades 29% below its peak. The market has trimmed its expectations for the company.
The net profit margin is 82% — still a thick cushion, though costs have been eating into it lately.
Over the last 12 months, company executives reported 35 buys and 13 sells. Management buying with its own money is usually read as a good sign.
It pays out $1.36 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales grew only 1% a year on average. At this size, speeding back up is not easy.
Since the drop from its peak, buyer appetite hasn’t come back.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.