INCOME FUNDS
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in INCOME FUNDS, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Oct 5, 2007, corresponding to the inception date of MAIN
Returns By Period
As of Sep 18, 2024, the INCOME FUNDS returned 21.57% Year-To-Date and 11.77% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 18.13% | 1.45% | 8.81% | 26.52% | 13.43% | 10.88% |
| INCOME FUNDS | 21.57% | 5.25% | 13.65% | 28.59% | 9.88% | 11.77% |
| Portfolio components: | ||||||
MAIN Main Street Capital Corporation | 22.19% | 1.19% | 12.17% | 32.67% | 10.49% | 12.96% |
DNP DNP Select Income Fund Inc. | 22.80% | 8.65% | 13.66% | 7.46% | 1.98% | 7.23% |
PCN PIMCO Corporate & Income Strategy Fund | 19.81% | 4.69% | 5.78% | 9.99% | 3.76% | 7.70% |
UTF Cohen & Steers Infrastructure Fund, Inc | 29.40% | 6.71% | 19.56% | 35.51% | 6.77% | 9.41% |
UTG Reaves Utility Income Trust | 24.48% | 7.97% | 24.37% | 29.40% | 4.26% | 9.15% |
PDT John Hancock Premium Dividend Fund | 34.78% | 8.70% | 19.69% | 46.56% | 2.51% | 9.00% |
ARCC Ares Capital Corporation | 7.97% | -0.92% | 5.95% | 14.48% | 11.62% | 12.37% |
CSWC Capital Southwest Corporation | 13.87% | 3.95% | 9.53% | 22.17% | 13.49% | 13.75% |
HTGC Hercules Capital, Inc. | 24.60% | 4.62% | 10.96% | 29.45% | 20.44% | 13.94% |
MCI Barings Corporate Investors | 9.15% | 7.83% | 8.33% | 35.37% | 11.16% | 10.49% |
PSLDX PIMCO StocksPLUS Long Duration Fund Class I | 23.88% | 3.36% | 16.13% | 42.00% | 10.48% | 13.60% |
Monthly Returns
The table below presents the monthly returns of INCOME FUNDS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.81% | 2.17% | 3.28% | -1.04% | 3.11% | 1.32% | 4.17% | 1.01% | 21.57% | ||||
| 2023 | 7.59% | -0.45% | -2.88% | 1.11% | -1.50% | 5.51% | 3.51% | -2.20% | -2.40% | -3.16% | 8.37% | 4.13% | 18.02% |
| 2022 | -1.28% | -1.27% | 1.94% | -5.82% | -1.80% | -7.47% | 9.85% | -2.57% | -12.75% | 7.93% | 4.03% | -3.50% | -13.97% |
| 2021 | 0.59% | 4.51% | 3.95% | 6.64% | 1.95% | 0.12% | 2.14% | 1.48% | -2.02% | 5.53% | -1.41% | 1.45% | 27.50% |
| 2020 | 1.94% | -11.19% | -25.62% | 17.10% | 8.20% | -1.77% | 2.02% | 2.02% | -2.05% | -1.89% | 14.77% | 3.00% | -0.90% |
| 2019 | 10.15% | 4.24% | 0.81% | 2.99% | -1.16% | 3.93% | 2.49% | 2.33% | 2.55% | 1.10% | 0.69% | 0.86% | 35.23% |
| 2018 | -2.14% | -2.95% | 1.47% | 1.73% | 2.71% | 1.63% | 3.23% | 2.31% | -1.05% | -2.57% | 0.60% | -5.68% | -1.14% |
| 2017 | 2.32% | 3.17% | 1.46% | 3.00% | -0.65% | 0.73% | 2.25% | -0.02% | 0.99% | 0.09% | 1.26% | 0.59% | 16.21% |
| 2016 | -0.84% | 1.22% | 6.79% | 2.02% | 1.71% | 3.71% | 3.46% | 1.52% | -1.53% | -2.35% | 0.57% | 4.43% | 22.35% |
| 2015 | 3.06% | 2.71% | -2.10% | 1.60% | -0.46% | -3.24% | 0.51% | -3.77% | -2.86% | 6.02% | 1.28% | -2.47% | -0.21% |
| 2014 | 1.40% | 3.98% | -1.06% | 1.09% | 3.06% | 3.21% | -2.77% | 3.18% | -3.19% | 3.95% | 2.56% | -1.61% | 14.28% |
| 2013 | 6.26% | 1.30% | 1.57% | 2.83% | -2.34% | -0.79% | 3.01% | -3.31% | 2.48% | 2.08% | 1.78% | 0.77% | 16.41% |
Expense Ratio
INCOME FUNDS features an expense ratio of 0.59%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of INCOME FUNDS is 80, placing it in the top 20% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | 2.25 | 2.99 | 1.42 | 3.42 | 12.37 |
DNP DNP Select Income Fund Inc. | 0.41 | 0.72 | 1.09 | 0.29 | 0.88 |
PCN PIMCO Corporate & Income Strategy Fund | 0.69 | 0.94 | 1.17 | 0.36 | 1.41 |
UTF Cohen & Steers Infrastructure Fund, Inc | 1.71 | 2.61 | 1.32 | 1.12 | 9.37 |
UTG Reaves Utility Income Trust | 1.88 | 2.62 | 1.34 | 1.16 | 7.29 |
PDT John Hancock Premium Dividend Fund | 2.85 | 3.66 | 1.49 | 1.16 | 14.54 |
ARCC Ares Capital Corporation | 1.21 | 1.74 | 1.22 | 2.15 | 8.04 |
CSWC Capital Southwest Corporation | 1.34 | 1.75 | 1.23 | 1.96 | 5.06 |
HTGC Hercules Capital, Inc. | 1.32 | 1.63 | 1.27 | 1.63 | 5.81 |
MCI Barings Corporate Investors | 1.65 | 2.05 | 1.31 | 3.58 | 8.96 |
PSLDX PIMCO StocksPLUS Long Duration Fund Class I | 2.02 | 2.68 | 1.34 | 0.90 | 8.33 |
Dividends
Dividend yield
INCOME FUNDS granted a 8.87% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INCOME FUNDS | 8.87% | 8.96% | 9.09% | 10.17% | 8.06% | 7.99% | 9.26% | 9.47% | 8.65% | 8.29% | 8.64% | 11.04% |
| Portfolio components: | ||||||||||||
MAIN Main Street Capital Corporation | 7.53% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.02% | 7.42% | 9.15% | 8.72% | 8.18% |
DNP DNP Select Income Fund Inc. | 7.94% | 9.20% | 6.93% | 7.18% | 7.60% | 5.79% | 7.50% | 7.22% | 7.62% | 8.71% | 7.39% | 8.28% |
PCN PIMCO Corporate & Income Strategy Fund | 9.80% | 10.88% | 12.53% | 7.80% | 7.74% | 7.26% | 9.41% | 7.69% | 11.48% | 9.74% | 10.73% | 13.86% |
UTF Cohen & Steers Infrastructure Fund, Inc | 7.18% | 8.76% | 7.75% | 6.53% | 7.20% | 7.10% | 10.12% | 7.37% | 10.51% | 8.39% | 6.51% | 6.99% |
UTG Reaves Utility Income Trust | 7.23% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.54% | 9.42% | 7.14% | 5.36% | 6.67% |
PDT John Hancock Premium Dividend Fund | 7.35% | 10.14% | 9.04% | 6.42% | 8.26% | 6.69% | 8.69% | 9.94% | 9.15% | 7.88% | 7.31% | 10.82% |
ARCC Ares Capital Corporation | 9.52% | 9.59% | 10.10% | 7.60% | 9.41% | 8.94% | 9.78% | 9.57% | 9.12% | 10.90% | 9.93% | 8.67% |
CSWC Capital Southwest Corporation | 10.07% | 10.19% | 12.75% | 10.13% | 6.87% | 8.99% | 5.88% | 7.01% | 2.31% | 0.08% | 0.16% | 0.11% |
HTGC Hercules Capital, Inc. | 8.62% | 11.40% | 14.90% | 9.34% | 9.57% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% | 8.33% | 6.77% |
MCI Barings Corporate Investors | 8.00% | 7.70% | 7.31% | 6.01% | 7.28% | 7.12% | 8.16% | 7.86% | 7.75% | 6.96% | 7.55% | 8.04% |
PSLDX PIMCO StocksPLUS Long Duration Fund Class I | 14.28% | 3.67% | 2.66% | 38.80% | 11.13% | 14.09% | 15.58% | 24.52% | 11.54% | 12.08% | 23.01% | 43.03% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the INCOME FUNDS. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the INCOME FUNDS was 54.75%, occurring on Mar 9, 2009. Recovery took 186 trading sessions.
The current INCOME FUNDS drawdown is 0.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -54.75% | Oct 11, 2007 | 354 | Mar 9, 2009 | 186 | Dec 1, 2009 | 540 |
| -50.9% | Feb 21, 2020 | 22 | Mar 23, 2020 | 233 | Feb 24, 2021 | 255 |
| -21.88% | Nov 17, 2021 | 225 | Oct 10, 2022 | 304 | Dec 26, 2023 | 529 |
| -15.78% | Jul 8, 2011 | 22 | Aug 8, 2011 | 83 | Dec 5, 2011 | 105 |
| -12.9% | Sep 5, 2018 | 77 | Dec 24, 2018 | 25 | Jan 31, 2019 | 102 |
Volatility
Volatility Chart
The current INCOME FUNDS volatility is 1.97%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| MCI | PCN | DNP | CSWC | MAIN | PDT | UTG | HTGC | PSLDX | UTF | ARCC | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MCI | 1.00 | 0.13 | 0.06 | 0.07 | 0.09 | 0.12 | 0.09 | 0.10 | 0.12 | 0.11 | 0.12 |
| PCN | 0.13 | 1.00 | 0.23 | 0.22 | 0.23 | 0.33 | 0.29 | 0.26 | 0.31 | 0.31 | 0.30 |
| DNP | 0.06 | 0.23 | 1.00 | 0.19 | 0.22 | 0.33 | 0.38 | 0.25 | 0.32 | 0.37 | 0.26 |
| CSWC | 0.07 | 0.22 | 0.19 | 1.00 | 0.35 | 0.27 | 0.26 | 0.42 | 0.34 | 0.30 | 0.43 |
| MAIN | 0.09 | 0.23 | 0.22 | 0.35 | 1.00 | 0.29 | 0.28 | 0.47 | 0.35 | 0.34 | 0.47 |
| PDT | 0.12 | 0.33 | 0.33 | 0.27 | 0.29 | 1.00 | 0.43 | 0.34 | 0.44 | 0.46 | 0.36 |
| UTG | 0.09 | 0.29 | 0.38 | 0.26 | 0.28 | 0.43 | 1.00 | 0.31 | 0.45 | 0.57 | 0.34 |
| HTGC | 0.10 | 0.26 | 0.25 | 0.42 | 0.47 | 0.34 | 0.31 | 1.00 | 0.41 | 0.36 | 0.55 |
| PSLDX | 0.12 | 0.31 | 0.32 | 0.34 | 0.35 | 0.44 | 0.45 | 0.41 | 1.00 | 0.47 | 0.45 |
| UTF | 0.11 | 0.31 | 0.37 | 0.30 | 0.34 | 0.46 | 0.57 | 0.36 | 0.47 | 1.00 | 0.42 |
| ARCC | 0.12 | 0.30 | 0.26 | 0.43 | 0.47 | 0.36 | 0.34 | 0.55 | 0.45 | 0.42 | 1.00 |