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Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Absolute Capital Defender Fund

ACMIX | Fund

$10.63

$27 M

0.00%

$0.00

2.03%

Vitals

YTD Return

2.1%

1 yr return

8.5%

3 Yr Avg Return

0.5%

5 Yr Avg Return

3.5%

Net Assets

$27 M

Holdings in Top 10

70.9%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 183.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Absolute Capital Defender Fund

ACMIX | Fund

$10.63

$27 M

0.00%

$0.00

2.03%

ACMIX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Absolute Capital Defender Fund
  • Fund Family Name
    Absolute Capital
  • Inception Date
    Dec 18, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Phillip Gebben

Fund Description

The Fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange-traded funds (“ETFs”) and closed-end funds (collectively, the “Underlying Funds”) in domestic and foreign (including emerging markets) (i) fixed income securities of any maturity or credit quality (including “junk bonds”); (ii) equity securities of any market capitalization; (iii) cash and cash equivalents; and (iv) exchange-traded notes (“ETNs.”)

The Fund uses a defensive strategy wherein the Fund’s adviser, Absolute Capital Management, LLC (the “Adviser”), determines when and to what degree to be in the market based on an analysis of both quantitative and qualitative data, including the overall price movement of various indices that represent different segments of the market. The Fund may be fully invested in equity and fixed income securities, partially invested, or take a defensive position in cash and cash equivalents based on this analysis of market conditions. If, for example, indexes that represent domestic equity securities indicate to the Adviser that the domestic equity segment of the market is decreasing in value and indexes that represent domestic fixed income securities also indicate that the fixed income segment of the market is decreasing in value, the Fund would allocate the Fund’s portfolio to cash instead of equities or fixed income.

When the Fund is in the market, the Adviser uses its analysis of market conditions to allocate the Fund’s assets among the asset classes described above. If, for example, an index that represents domestic equity securities indicates to the Adviser that the domestic equity segment of the market is increasing in value while an index that represents domestic fixed income securities is decreasing in value, the Fund would allocate the Fund’s portfolio to equities instead of fixed income or cash. The asset classes and weightings of the Fund will vary over time based on the Adviser’s analysis and in response to changing market conditions, which generally results in high portfolio turnover.

Read More

ACMIX - Performance

Return Ranking - Trailing

Period ACMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -4.8% 13.6% 46.02%
1 Yr 8.5% -8.7% 55.9% 44.44%
3 Yr 0.5%* -23.8% 8.3% 43.30%
5 Yr 3.5%* -11.7% 18.2% 62.02%
10 Yr N/A* -4.7% 9.6% N/A

* Annualized

Return Ranking - Calendar

Period ACMIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.3% -18.9% 60.2% 38.33%
2022 -14.7% -48.5% 0.1% 30.40%
2021 3.5% -19.0% 48.3% 48.67%
2020 6.0% -16.5% 52.8% 49.77%
2019 7.5% -8.5% 27.3% 75.71%

Total Return Ranking - Trailing

Period ACMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -4.8% 13.6% 46.02%
1 Yr 8.5% -8.7% 55.9% 44.44%
3 Yr 0.5%* -23.8% 8.3% 43.30%
5 Yr 3.5%* -11.7% 18.2% 62.02%
10 Yr N/A* -4.7% 9.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ACMIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.3% -11.7% 61.8% 51.54%
2022 -14.7% -48.5% 4.6% 52.86%
2021 12.9% -14.2% 48.3% 38.94%
2020 6.0% -11.7% 77.4% 58.60%
2019 8.1% -3.9% 30.2% 83.33%

NAV & Total Return History

ACMIX - Holdings

Concentration Analysis

ACMIX Category Low Category High ACMIX % Rank
Net Assets 27 M 1.98 M 13.3 B 87.34%
Number of Holdings 28 2 1954 64.19%
Net Assets in Top 10 19.2 M 1.16 M 10.4 B 86.03%
Weighting of Top 10 70.89% 0.4% 149.2% 53.28%

Top 10 Holdings

  1. B 05/23/24 10.15%
  2. B 01/02/24 9.98%
  3. B 02/01/24 9.20%
  4. B 03/05/24 7.33%
  5. INVESCO SP 500 REV ETF 7.20%
  6. INVESCO QQQ TRUST SERIES 6.82%
  7. SCHW FUNDAM L/C 6.53%
  8. VANGUARD TOTAL STOCK MKT 5.88%
  9. VANGUARD COMMUNICATION SE 4.35%
  10. INDUSTRIAL SELECT SECT SP 3.46%

Asset Allocation

Weighting Return Low Return High ACMIX % Rank
Stocks 		61.10% 0.00% 137.56% 71.18%
Bonds 		36.67% 0.00% 106.59% 20.09%
Cash 		2.30% -33.22% 99.05% 56.33%
Convertible Bonds 		0.57% 0.00% 8.92% 27.07%
Preferred Stocks 		0.00% 0.00% 5.36% 52.40%
Other 		0.00% -29.71% 128.17% 62.88%

Stock Sector Breakdown

Weighting Return Low Return High ACMIX % Rank
Utilities 		19.35% 0.00% 91.12% 2.56%
Consumer Defense 		15.61% 0.00% 37.51% 11.28%
Industrials 		13.48% 0.00% 23.85% 13.85%
Technology 		12.30% 0.00% 85.77% 66.15%
Healthcare 		10.96% 0.00% 38.63% 55.90%
Financial Services 		7.60% 0.00% 98.22% 75.38%
Communication Services 		5.93% 0.00% 21.61% 46.15%
Basic Materials 		5.85% 0.00% 56.73% 26.15%
Energy 		3.78% 0.00% 60.89% 65.13%
Consumer Cyclical 		2.84% 0.00% 25.83% 80.00%
Real Estate 		2.28% 0.00% 99.45% 62.56%

Stock Geographic Breakdown

Weighting Return Low Return High ACMIX % Rank
US 		61.10% 0.00% 137.56% 66.81%
Non US 		0.00% -1.94% 41.50% 55.02%

Bond Sector Breakdown

Weighting Return Low Return High ACMIX % Rank
Corporate 		11.34% 0.00% 98.28% 33.19%
Government 		7.71% 0.00% 99.78% 72.05%
Cash & Equivalents 		2.30% 0.00% 72.84% 47.60%
Municipal 		0.21% 0.00% 19.13% 10.48%
Securitized 		0.11% 0.00% 52.99% 45.85%
Derivative 		0.00% -14.68% 128.17% 59.83%

Bond Geographic Breakdown

Weighting Return Low Return High ACMIX % Rank
US 		36.67% 0.00% 92.67% 14.41%
Non US 		0.00% 0.00% 27.25% 54.15%

ACMIX - Expenses

Operational Fees

ACMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.03% 0.49% 10.24% 35.81%
Management Fee 1.00% 0.00% 1.50% 73.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

ACMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

ACMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

ACMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 183.00% 1.75% 441.00% 72.58%

ACMIX - Distributions

Dividend Yield Analysis

ACMIX Category Low Category High ACMIX % Rank
Dividend Yield 0.00% 0.00% 25.23% 90.39%

Dividend Distribution Analysis

ACMIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Quarterly

Net Income Ratio Analysis

ACMIX Category Low Category High ACMIX % Rank
Net Income Ratio 0.16% -2.01% 13.72% 57.21%

Capital Gain Distribution Analysis

ACMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ACMIX - Fund Manager Analysis

Managers

Phillip Gebben

Start Date

Tenure

Tenure Rank

Dec 18, 2015

6.45

6.5%

Mr. Gebben is responsible for portfolio management, research, product design and operations. He has been the portfolio manager of this strategy since its inception. He earned an MBA from the University of Illinois, Springfield and his BA from Illinois Wesleyan University. He holds a Certified Investment Management Analyst, CIMA (R), designation through IMCA in conjunction with the Wharton School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.59 13.0

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