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LYRIX Lyrical US Value Equity Institutional

  • Fund
  • LYRIX
  • Price as of: Dec 02, 2016
  • $16.51
  • - $0.05
  • - 0.30%
  • Category
  • Mid Cap Value Equities

LYRIX - Profile

Vitals

  • YTD Return 11.9%
  • 3 Yr Annualized Return 7.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $972 M
  • Holdings in Top 10 45.7%

52 WEEK LOW AND HIGH

$16.51
$12.53
$16.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.42%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$1,000

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 11.9%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.24%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Lyrical U.S. Value Equity Fund
  • Fund Family Name Lyrical
  • Inception Date Feb 04, 2013
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew B. Wellington

Fund Description

The fund invests principally in a diversified portfolio of common stock of mid-capitalization and large-capitalization companies with low valuations relative to their long-term normalized earnings. It normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks traded on a United States securities exchange.

LYRIX - Performance

Return Ranking - Trailing

Period LYRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.9% -17.8% 27.4% 66.51% 4
1 Yr 0.0% -33.1% 29.7% 81.99% 5
3 Yr 7.2% * -14.6% 10.7% 16.27% 1
5 Yr N/A * -4.5% 18.4% N/A N/A
10 Yr N/A * -4.4% 10.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period LYRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.9% -30.9% 0.7% 33.99% 2
2014 11.4% -18.7% 14.7% 2.79% 1
2013 N/A -39.7% 66.3% N/A N/A
2012 N/A 0.0% 41.2% N/A N/A
2011 N/A -34.9% 5.7% N/A N/A

Total Return Ranking - Trailing

Period LYRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.9% -16.3% 27.4% 74.82% 4
1 Yr 0.0% -28.1% 97.8% 69.91% 4
3 Yr 7.2% * -8.2% 14.1% 15.20% 1
5 Yr N/A * -5.6% 55.5% N/A N/A
10 Yr N/A * -2.4% 20.9% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period LYRIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.5% -26.7% 2.4% 55.01% 3
2014 14.6% -12.4% 25.7% 27.58% 2
2013 N/A 0.0% 165.8% N/A N/A
2012 N/A 0.0% 258.2% N/A N/A
2011 N/A -53.5% 12.7% N/A N/A

NAV & Total Return History

LYRIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

LYRIX Category Low Category High LYRIX % Rank Quintile
Net Assets 972 M 313 K 38.1 B 9.43% 2
Number of Holdings 34 20 2644 18.16% 5
Net Assets in Top 10 464 M 105 K 9.53 B 6.84% 2
Weighting of Top 10 45.7% 6.4% 75.7% 0.94% 1

Top 10 Holdings

  1. Broadcom Ltd 6.59%
  2. Comcast Corp Class A 4.52%
  3. Aetna Inc 4.61%
  4. Aflac Inc 4.54%
  5. Eaton Corp PLC 4.11%
  6. EOG Resources Inc 4.40%
  7. Johnson Controls International PLC 3.94%
  8. Corning Inc 4.59%
  9. Symantec Corp 4.46%
  10. TE Connectivity Ltd 3.96%

Asset Allocation

Weighting Category Low Category High LYRIX % Rank Quintile
Stocks
99.71% 47.12% 100.46% 2.59% 1
Cash
0.29% -0.15% 52.89% 25.71% 5
Other
0.00% -5.25% 5.12% 8.02% 3
Convertible Bonds
0.00% 0.00% 2.49% 2.12% 3
Preferred Stocks
0.00% 0.00% 14.07% 3.07% 3
Bonds
0.00% -0.05% 21.99% 3.77% 3

Stock Sector Breakdown

Weighting Category Low Category High LYRIX % Rank Quintile
Technology
29.84% 0.00% 29.84% 0.24% 1
Financial Services
20.02% 0.00% 37.79% 15.57% 3
Consumer Cyclical
12.01% 0.00% 30.42% 19.10% 3
Energy
11.68% 0.00% 37.42% 3.30% 1
Industrials
10.23% 0.00% 43.44% 21.46% 4
Healthcare
8.30% 0.00% 20.62% 9.43% 2
Communication Services
4.52% 0.00% 8.01% 0.94% 1
Basic Materials
3.11% -2.13% 18.72% 22.17% 4
Consumer Defense
0.00% 0.00% 15.09% 28.30% 5
Real Estate
0.00% 0.00% 48.98% 27.36% 5
Utilities
0.00% 0.00% 14.65% 26.18% 5

Stock Geographic Breakdown

Weighting Category Low Category High LYRIX % Rank Quintile
US
93.57% 40.09% 100.00% 14.62% 3
Non US
6.14% -0.18% 35.73% 6.37% 1

LYRIX - Expenses

Operational Fees

LYRIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.42% 0.08% 19.64% 22.64% 4
Management Fee 1.25% 0.04% 1.26% 0.47% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.01% 0.40% 7.76% 2

Sales Fees

LYRIX Fees (% of AUM) Category Low Category High LYRIX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

LYRIX Fees (% of AUM) Category Low Category High LYRIX Rank Quintile
Max Redemption Fee N/A 0.50% 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.

LYRIX Fees (% of AUM) Category Low Category High LYRIX Rank Quintile
Turnover 21.00% 6.63% 493.00% 19.81% 1

LYRIX - Distributions

Dividend Yield Analysis

LYRIX Category Low Category High LYRIX % Rank Quintile
Dividend Yield N/A 0.00% 2.23% N/A N/A

Dividend Distribution Analysis

LYRIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

LYRIX Category Low Category High LYRIX % Rank Quintile
Net Income Ratio 0.24% -3.26% 5.97% 31.84% 4

Capital Gain Distribution Analysis

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

LYRIX - Managers

Andrew B. Wellington

Manager

Start Date

Feb 04, 2013

Tenure

3.74

Tenure Rank

11.4%

Prior to joining Lyrical, Mr. Wellington established and managed the $1.2bn New Mountain Vantage fund, a value-oriented, long-only, activist hedge fund at New Mountain Capital. Before joining New Mountain, Mr. Wellington managed the institutional mid-cap value product at Neuberger Berman. He was named sole portfolio manager in January 2003 and then managed the product until May 2005. He generated investment performance well in excess of market averages and peer group, improving the fund’s 3-year Morningstar rating from 3-stars to 5-stars while AUM grew from $1.1bn in 2003 to $3.3bn in 2005. He was a founding member of Pzena Investment Management and served as its original research analyst. There, he was a member of the three person investment committee that made all investment decisions. He also worked as a management consultant at Booz Allen & Hamilton and First Manhattan Consulting Group. Mr. Wellington was the top graduating senior (summa cum laude) from the Management & Technology dual-degree program at University of Pennsylvania.


Caroline Ritter

Manager

Start Date

Sep 30, 2014

Tenure

2.09

Tenure Rank

13.5%

Ms. Ritter brings a total of 18 years of investment experience in fundamental value equities. Prior to joining Lyrical, she directly managed value portfolios for multi-billion dollars firms at Equinox Capital Management and Pilot Advisors. She has worked as an equity analyst at PIMCO Equity Advisors/Oppenheimer Capital, Pzena Investment Management, and Goldman Sachs Asset Management. Caroline graduated summa cum laude from the Honors College at SUNY Stony Brook with dual B.S. degree in Applied Mathematics & Statistics and Economics.


Tenure Analysis

Category Low

0.1

Category High

28.2

Category Average

6.94

Category Mode

4.8