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BDCPX AR Capital BDC Income Advisor

  • Fund
  • BDCPX
  • Price as of: Nov 04, 2016
  • $8.74
  • - $0.00
  • - 0.00%
  • Category
  • All Cap Equities

BDCPX - Profile

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $15.1 M
  • Holdings in Top 10 75.2%

52 WEEK LOW AND HIGH

$8.74
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.47%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 166.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

All Cap Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Financial

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 9.30%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name AR Capital BDC Income Fund
  • Fund Family Name AR Capital
  • Inception Date May 02, 2014
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Shiloh Bates

Fund Description

The fund invests substantially all (and under normal market conditions, at least 80%) of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of business development companies ("BDCs") that are traded on one or more nationally recognized securities exchanges. It may invest up to 20% of its net assets in debt securities of BDCs and other issuers of any maturity, duration or credit rating. The fund may invest up to 15% of its net assets in illiquid securities. It is non-diversified.

BDCPX - Performance

Return Ranking - Trailing

Period BDCPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.6% -15.7% 22.5% 65.15% 4
1 Yr 10.5% -19.0% 13.9% 12.12% 1
3 Yr N/A * -3.5% 15.0% N/A N/A
5 Yr N/A * -0.4% 13.0% N/A N/A
10 Yr N/A * 3.9% 15.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period BDCPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -10.3% -31.9% 8.4% 42.19% 3
2017 N/A -19.9% 31.7% N/A N/A
2016 N/A -21.5% 47.1% N/A N/A
2015 N/A -20.7% 26.8% N/A N/A
2014 N/A -20.4% 35.8% N/A N/A

Total Return Ranking - Trailing

Period BDCPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.3% -15.7% 22.5% 54.55% 3
1 Yr 10.5% -13.4% 13.9% 6.06% 1
3 Yr N/A * -1.9% 15.0% N/A N/A
5 Yr N/A * -0.9% 12.4% N/A N/A
10 Yr N/A * 3.4% 15.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BDCPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.5% -31.9% 8.4% 14.06% 1
2017 N/A -19.9% 31.7% N/A N/A
2016 N/A -9.2% 47.1% N/A N/A
2015 N/A -12.4% 27.4% N/A N/A
2014 N/A -19.9% 45.2% N/A N/A

NAV & Total Return History

BDCPX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

BDCPX Category Low Category High BDCPX % Rank Quintile
Net Assets 15.1 M 789 K 8.96 B 28.36% 4
Number of Holdings 20 4 629 40.30% 5
Net Assets in Top 10 13.1 M -867 K 1.79 B 25.37% 3
Weighting of Top 10 75.2% 14.2% 100.0% 7.46% 1

Top 10 Holdings

  1. Ares Capital Corp 5.88%
  2. Garrison Capital Inc 6.31%
  3. Alcentra Capital Corp 7.54%
  4. Fifth Street Finance Corp 7.71%
  5. American Capital Ltd 14.00%
  6. Fifth Street Senior Floating Rate Corp 8.97%
  7. NewStar Financial Inc 8.32%
  8. Triplepoint Venture Growth Bdc 7.46%
  9. Hercules Capital Inc 4.93%
  10. TCP Capital Corp 4.08%

Asset Allocation

Weighting Category Low Category High BDCPX % Rank Quintile
Stocks
84.58% 22.40% 100.00% 26.87% 3
Other
7.46% -3.92% 7.46% 1.49% 1
Preferred Stocks
3.28% 0.00% 9.03% 2.99% 1
Bonds
3.13% -13.83% 64.01% 13.43% 2
Cash
1.54% 0.00% 79.11% 37.31% 4
Convertible Bonds
0.00% 0.00% 16.60% 5.97% 5

Stock Sector Breakdown

Weighting Category Low Category High BDCPX % Rank Quintile
Financial Services
84.58% -1.69% 84.58% 1.49% 1
Utilities
0.00% -0.53% 10.08% 25.37% 5
Technology
0.00% 0.00% 29.50% 46.27% 5
Real Estate
0.00% -0.49% 21.20% 31.34% 5
Industrials
0.00% 0.00% 27.64% 46.27% 5
Healthcare
0.00% -1.04% 16.81% 41.79% 5
Energy
0.00% -2.82% 13.82% 44.78% 5
Communication Services
0.00% -0.33% 6.07% 32.84% 5
Consumer Defense
0.00% -0.88% 17.97% 37.31% 5
Consumer Cyclical
0.00% 0.00% 30.39% 46.27% 5
Basic Materials
0.00% 0.00% 34.72% 41.79% 5

Stock Geographic Breakdown

Weighting Category Low Category High BDCPX % Rank Quintile
US
84.58% 5.43% 98.44% 19.40% 2
Non US
0.00% 0.00% 88.30% 41.79% 5

Bond Sector Breakdown

Weighting Category Low Category High BDCPX % Rank Quintile
Corporate
6.41% 0.00% 84.83% 10.94% 1
Cash & Equivalents
1.54% -0.15% 79.10% 35.94% 4
Derivative
0.00% -2.77% 1.39% 6.25% 5
Securitized
0.00% 0.00% 46.85% 10.94% 5
Municipal
0.00% 0.00% 10.40% 4.69% 5
Government
0.00% -157.27% 37.66% 14.06% 4

Bond Geographic Breakdown

Weighting Category Low Category High BDCPX % Rank Quintile
US
3.13% -72.28% 64.01% 14.93% 2
Non US
0.00% -15.73% 58.45% 7.46% 5

BDCPX - Expenses

Operational Fees

BDCPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.47% 0.26% 65.97% 33.33% 4
Management Fee 0.90% 0.12% 2.75% 8.96% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.26% 0.02% 0.26% 2.63% 5

Sales Fees

BDCPX Fees (% of AUM) Category Low Category High BDCPX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

BDCPX Fees (% of AUM) Category Low Category High BDCPX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

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.

BDCPX Fees (% of AUM) Category Low Category High BDCPX Rank Quintile
Turnover 166.00% 12.00% 942.00% 13.64% 4

BDCPX - Distributions

Dividend Yield Analysis

BDCPX Category Low Category High BDCPX % Rank Quintile
Dividend Yield N/A 0.00% 0.84% N/A N/A

Dividend Distribution Analysis

BDCPX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

BDCPX Category Low Category High BDCPX % Rank Quintile
Net Income Ratio 9.30% -3.31% 9.30% 1.52% 1

Capital Gain Distribution Analysis

BDCPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Annually Annually

BDCPX - Managers

Shiloh Bates

Manager

Start Date

Nov 20, 2015

Tenure

0.95

Tenure Rank

28.2%

Shiloh Bates, Managing Director at BDCA Adviser. Mr. Bates has been with BDCA Adviser since April 2012. Prior to joining BDCA Adviser, Mr. Bates was a Senior Credit Analyst at Canaras Capital Management for two years, focusing on leveraged loans and mezzanine CLO structured products. Prior to Canaras, Mr. Bates was a Senior Credit Analyst at Four Corners Capital Management for five years. Before Four Corners, Mr. Bates was employed by ING Capital Advisors for 2 years, performing in-depth financial analysis for distressed investments in telecommunication and technology companies. Mr. Bates holds a BS in Political Science from Virginia Tech, an MA of Public Policy from Harvard University, John F. Kennedy School of Government, an MA of Financial Mathematics from the University of Chicago and a MA of Statistics from Columbia University. Mr. Bates also served in the U.S. Army Reserves Special Operations Command as a Specialist for six years.


Tenure Analysis

Category Low

0.3

Category High

30.7

Category Average

5.43

Category Mode

4.3