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ATOAX Alpine Ultra Short Municipal Inc A

  • Fund
  • ATOAX
  • Price as of: Dec 15, 2017
  • $10.09
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

ATOAX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $1.05 B
  • Holdings in Top 10 33.1%

52 WEEK LOW AND HIGH

$10.09
$10.09
$10.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.99%

SALES FEES

  • Front Load 0.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 143.00%

TRADING FEES

  • Max Redemption Fee 0.25%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Alpine Ultra Short Municipal Income Fund
  • Fund Family Name Alpine
  • Inception Date Mar 30, 2004
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Jonathan Mondillo

Fund Description

The fund invests its assets in a combination of tax-exempt obligations and taxable debt obligations. Under normal circumstances, it invests at least 80% of its net assets in tax-exempt obligations. The fund's average portfolio maturity, at the time of investment, will be two years or less. The obligations in which the fund invests must, at the time of investment, be rated investment grade, as determined by the various rating agencies, or if unrated, of comparable quality as determined by the Adviser.

ATOAX - Performance

Return Ranking - Trailing

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -13.2% 99.4% 65.37% 5
1 Yr 0.6% -5.8% 10.7% 91.37% 5
3 Yr 0.4% * -4.5% 7.0% 90.21% 5
5 Yr 0.4% * -0.7% 5.8% 90.18% 5
10 Yr 1.2% * -0.5% 5.9% 95.62% 5

* Annualized


Return Ranking - Calendar

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.1% -8.5% 7.3% 1.01% 1
2015 0.0% -10.9% 7.2% 17.09% 2
2014 0.1% -7.7% 12.0% 61.08% 5
2013 -0.1% -11.9% 5.4% 2.29% 1
2012 0.0% -7.1% 10.2% 65.04% 5

Total Return Ranking - Trailing

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -13.2% 99.4% 65.37% 5
1 Yr 0.1% -8.9% 10.1% 79.32% 4
3 Yr 0.2% * -5.4% 7.0% 86.94% 5
5 Yr 0.3% * -1.6% 5.8% 88.18% 5
10 Yr 1.1% * -0.5% 5.9% 95.62% 5

* Annualized


Total Return Ranking - Calendar

Period ATOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.1% -8.2% 7.3% 5.41% 1
2015 0.0% -9.7% 6.9% 32.14% 3
2014 0.3% -7.7% 17.0% 63.70% 5
2013 0.2% -11.9% 5.1% 3.43% 1
2012 0.5% -0.6% 17.8% 63.01% 5

NAV & Total Return History

ATOAX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

ATOAX Category Low Category High ATOAX % Rank Quintile
Net Assets 1.05 B 491 K 56 B 17.71% 3
Number of Holdings 129 1 7001 26.94% 4
Net Assets in Top 10 368 M -162 M 1.43 B 5.32% 1
Weighting of Top 10 33.1% 0.0% 100.0% 3.71% 1

Top 10 Holdings

  1. Mississippi Busn Fin Corp Var Rev B 3.5% 5.66%
  2. New Jersey Econ Dev Auth 1.06% 4.69%
  3. Michigan St Hsg Dev Auth 0.9% 4.35%
  4. Chicago Ill Brd Ed Ctfs 3.98%
  5. Lee Cnty Fla Indl Dev Auth 1% 2.70%
  6. Port Corpus Christi Auth 1.03% 2.49%
  7. Pennsylvania Econ Dev Fing Rev Bds 0.53% 2.43%
  8. Florida Dev Fin Corp Healthcar Var Rev B 2.29%
  9. Lewiston-Porter N Y Cent Sch D Bans 2% 2.26%
  10. Port Corpus Christi Auth 1.07% 2.25%

Asset Allocation

Weighting Category Low Category High ATOAX % Rank Quintile
Bonds
97.21% 0.00% 202.21% 17.23% 4
Cash
2.79% -110.85% 100.00% 14.52% 2
Stocks
0.00% 0.00% 1.02% 0.97% 5
Preferred Stocks
0.00% 0.00% 19.17% 1.94% 5
Other
0.00% -2.77% 30.00% 6.45% 5
Convertible Bonds
0.00% 0.00% 2.30% 0.65% 5

Bond Sector Breakdown

Weighting Category Low Category High ATOAX % Rank Quintile
Municipal
97.21% 0.00% 122.29% 15.65% 3
Cash & Equivalents
2.79% -110.85% 100.00% 14.19% 2
Derivative
0.00% -6.22% 5.74% 0.65% 5
Securitized
0.00% 0.00% 30.04% 2.74% 5
Corporate
0.00% -1.49% 28.60% 4.03% 5
Government
0.00% -27.41% 117.34% 5.48% 5

Bond Geographic Breakdown

Weighting Category Low Category High ATOAX % Rank Quintile
US
97.21% 0.00% 202.21% 16.29% 3
Non US
0.00% 0.00% 20.20% 11.77% 5

ATOAX - Expenses

Operational Fees

ATOAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.99% 0.09% 4.60% 13.20% 4
Management Fee 0.50% 0.00% 1.00% 1.45% 5
12b-1 Fee 0.25% 0.00% 1.00% 4.41% 3
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

ATOAX Fees (% of AUM) Category Low Category High ATOAX Rank Quintile
Front Load 0.50% 0.50% 5.75% 11.69% 1
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

ATOAX Fees (% of AUM) Category Low Category High ATOAX Rank Quintile
Max Redemption Fee 0.25% 0.25% 2.00% 6.67% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ATOAX Fees (% of AUM) Category Low Category High ATOAX Rank Quintile
Turnover 143.00% 0.42% 905.27% 0.97% 5

ATOAX - Distributions

Dividend Yield Analysis

ATOAX Category Low Category High ATOAX % Rank Quintile
Dividend Yield 0.0% 0.00% 1.01% 53.67% 5

Dividend Distribution Analysis

ATOAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ATOAX Category Low Category High ATOAX % Rank Quintile
Net Income Ratio 0.39% -0.41% 5.26% 47.83% 5

Capital Gain Distribution Analysis

ATOAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ATOAX - Managers

Jonathan Mondillo

Manager

Start Date

Feb 27, 2015

Tenure

2.76

Tenure Rank

16.4%

Mr. Jonathan Mondillo, Portfolio Manager and Head of Fixed Income Trading for Alpine Woods Capital Investors, LLC. Mr. Mondillo has been with the firm since 2008 and prior to that worked as an analyst within Fidelity Capital Markets’ Fixed Income Trading Group. Mr. Mondillo has a Bachelor’s degree from Bentley University.


Mark Taylor

Manager

Start Date

Feb 29, 2016

Tenure

1.75

Tenure Rank

18.1%

Mr. Mark Taylor, Portfolio Manager and Head of Municipal Research of Alpine Woods Capital Investors, LLC. Mr. Taylor joined the firm in 2012 and previously worked at Barclays Capital as a Vice President in the Global Financial Risk Management group. Mr. Taylor has a Bachelor's degree from Northeastern University.


Tenure Analysis

Category Low

0.0

Category High

38.1

Category Average

7.76

Category Mode

0.7