Crossmark Steward Covered Call Income Fund (SCJIX)
The investment seeks dividend income and options premium income, with the potential for capital appreciation and less volatility than the broad equity market. The fund invests in a portfolio of large cap, dividend paying, equity securities that are listed on U.S. exchanges and to write (sell) covered call options on those securities with the overall goal of providing options premium income and lowering volatility of the fund's portfolio when compared to the broader uncovered large cap securities market.
Fund Info
| ISIN | US8603246724 |
|---|---|
| CUSIP | 860324672 |
| Issuer | Crossmark Steward Funds |
| Inception Date | Dec 13, 2017 |
| Category | Derivative Income |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
SCJIX has a high expense ratio of 1.00%, 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 Crossmark Steward Covered Call Income 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
Crossmark Steward Covered Call Income Fund had a return of 7.36% year-to-date (YTD) and 19.88% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.36% | 9.47% |
| 1 month | 2.22% | 1.91% |
| 6 months | 12.46% | 18.36% |
| 1 year | 19.88% | 26.61% |
| 5 years (annualized) | 10.11% | 12.90% |
| 10 years (annualized) | N/A | 10.79% |
Monthly Returns
The table below presents the monthly returns of SCJIX, 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 | 0.98% | 3.30% | 2.34% | -1.91% | 7.36% | ||||||||
| 2023 | 4.84% | -1.36% | 2.46% | 1.89% | -0.27% | 3.92% | 2.81% | 0.12% | -3.38% | -1.16% | 6.00% | 2.42% | 19.43% |
| 2022 | -2.85% | -3.06% | 2.48% | -6.86% | 1.27% | -5.64% | 6.39% | -2.25% | -7.45% | 5.83% | 3.67% | -3.29% | -12.28% |
| 2021 | -0.88% | 2.45% | 4.06% | 3.66% | 1.11% | 1.96% | 1.66% | 2.41% | -3.25% | 4.18% | -1.49% | 4.18% | 21.59% |
| 2020 | -1.43% | -7.86% | -11.11% | 9.35% | 3.81% | 1.06% | 3.54% | 5.34% | -2.02% | -2.18% | 7.84% | 2.44% | 6.97% |
| 2019 | 5.98% | 2.28% | 1.35% | 2.31% | -5.44% | 4.72% | 1.66% | -0.92% | 1.84% | 1.52% | 2.10% | 2.06% | 20.77% |
| 2018 | 3.40% | -2.61% | -1.93% | 0.71% | 1.81% | -0.27% | 3.09% | 2.32% | 0.44% | -5.28% | 1.79% | -6.61% | -3.65% |
| 2017 | -0.00% | -0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SCJIX is 92, placing it in the top 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SCJIX (Crossmark Steward Covered Call Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Crossmark Steward Covered Call Income Fund (SCJIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Crossmark Steward Covered Call Income Fund granted a 10.06% dividend yield in the last twelve months. The annual payout for that period amounted to $0.82 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $0.65 | $0.67 | $2.22 | $1.40 | $0.69 | $0.93 |
Dividend yield | 10.06% | 8.45% | 9.53% | 25.39% | 15.44% | 7.00% | 10.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Crossmark Steward Covered Call Income 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.18 | |||||||
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.60 | $0.65 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.63 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $2.19 | $2.22 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.35 | $1.40 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.61 | $0.69 |
| 2018 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.84 | $0.93 |
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 Crossmark Steward Covered Call Income 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 Crossmark Steward Covered Call Income Fund was 29.38%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.38% | Feb 20, 2020 | 23 | Mar 23, 2020 | 114 | Sep 2, 2020 | 137 |
| -18.12% | Jan 5, 2022 | 194 | Oct 12, 2022 | 198 | Jul 28, 2023 | 392 |
| -15.42% | Oct 4, 2018 | 56 | Dec 24, 2018 | 75 | Apr 12, 2019 | 131 |
| -7.42% | Jan 29, 2018 | 39 | Mar 23, 2018 | 85 | Jul 25, 2018 | 124 |
| -6.58% | Sep 15, 2023 | 31 | Oct 27, 2023 | 16 | Nov 20, 2023 | 47 |
Volatility
Volatility Chart
The current Crossmark Steward Covered Call Income Fund volatility is 2.57%, 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.