Polen DDJ Opportunistic High Yield Fund (DDJIX)
The fund invests in high yield fixed income securities with a focus on "middle market" issuers in the United States and, to a much lesser extent, Canada. The adviser intends to invest its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies, including Moody's Investors Service, Standard and Poor's Rating Services and Fitch Ratings.
Fund Info
| ISIN | US02110A6964 |
|---|---|
| CUSIP | 02110A696 |
| Issuer | Polen Capital |
| Inception Date | Jul 16, 2015 |
| Category | High Yield Bonds |
| Min. Investment | $5,000,000 |
| Asset Class | Bond |
Expense Ratio
DDJIX has a high expense ratio of 0.79%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Polen DDJ Opportunistic High Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Polen DDJ Opportunistic High Yield Fund had a return of 2.85% year-to-date (YTD) and 14.14% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.85% | 6.17% |
| 1 month | 0.19% | -2.72% |
| 6 months | 6.72% | 17.29% |
| 1 year | 14.14% | 23.80% |
| 5 years (annualized) | 3.79% | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.72% | 0.38% | 1.81% | -0.36% | ||||||||
| 2023 | -0.85% | 1.77% | 2.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DDJIX is 98, placing it in the top 2% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Polen DDJ Opportunistic High Yield Fund(DDJIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Polen DDJ Opportunistic High Yield Fund (DDJIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Polen DDJ Opportunistic High Yield Fund granted a 11.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.84 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.84 | $1.09 | $0.53 | $0.50 | $0.59 | $0.72 | $0.82 | $0.90 | $0.76 | $0.24 |
Dividend yield | 11.70% | 15.10% | 7.59% | 5.94% | 6.99% | 8.24% | 9.08% | 9.14% | 7.73% | 2.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Polen DDJ Opportunistic High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.04 | ||||||||
| 2023 | $0.11 | $0.11 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.09 | $0.09 | $0.06 | $0.04 | $0.04 |
| 2022 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 |
| 2020 | $0.04 | $0.05 | $0.05 | $0.07 | $0.05 | $0.05 | $0.05 | $0.03 | $0.06 | $0.04 | $0.04 | $0.07 |
| 2019 | $0.05 | $0.09 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.05 | $0.04 | $0.05 | $0.06 |
| 2018 | $0.05 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.08 | $0.07 | $0.06 | $0.06 | $0.05 | $0.13 |
| 2017 | $0.06 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.09 | $0.06 | $0.07 | $0.08 | $0.07 | $0.09 |
| 2016 | $0.04 | $0.06 | $0.06 | $0.06 | $0.05 | $0.07 | $0.06 | $0.06 | $0.07 | $0.07 | $0.09 | $0.07 |
| 2015 | $0.01 | $0.06 | $0.05 | $0.07 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Polen DDJ Opportunistic High Yield Fund. 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 Polen DDJ Opportunistic High Yield Fund was 21.42%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.
The current Polen DDJ Opportunistic High Yield Fund drawdown is 0.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.42% | Feb 20, 2020 | 23 | Mar 23, 2020 | 176 | Dec 1, 2020 | 199 |
| -12.7% | Nov 9, 2021 | 224 | Sep 29, 2022 | 195 | Jul 12, 2023 | 419 |
| -5.97% | Jul 17, 2015 | 145 | Feb 11, 2016 | 46 | Apr 19, 2016 | 191 |
| -3.92% | May 1, 2019 | 112 | Oct 8, 2019 | 61 | Jan 6, 2020 | 173 |
| -3.89% | Apr 19, 2018 | 173 | Dec 24, 2018 | 54 | Mar 14, 2019 | 227 |
Volatility
Volatility Chart
The current Polen DDJ Opportunistic High Yield Fund volatility is 0.52%, 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.