Invests primarily in domestic companies listed on U.S. national securities exchanges. May invest in foreign companies listed on U.S. national securities exchanges. Now — the numbers.
The stock trades 56% below its peak. The market has cut its expectations for the company sharply.
It paid $18.84 per share over the last 12 months, with payments going back years without a break — regular cash for whoever holds the stock.
The stock trades 56% below its five-year peak.
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.