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Trending ETFs

Name

As of 03/26/2024

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

Cargile Fund

CFNDX | Fund

$9.53

$19.6 M

2.44%

$0.23

1.82%

Vitals

YTD Return

4.6%

1 yr return

11.7%

3 Yr Avg Return

0.0%

5 Yr Avg Return

0.9%

Net Assets

$19.6 M

Holdings in Top 10

101.4%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$5,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

Cargile Fund

CFNDX | Fund

$9.53

$19.6 M

2.44%

$0.23

1.82%

CFNDX - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.78%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Cargile Fund
  • Fund Family Name
    Cargile
  • Inception Date
    Jul 09, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mickey Cargile

Fund Description

Under normal market conditions, the Fund invests in exchange traded funds ("ETFs") and/or cash and cash equivalents. The underlying ETFs generally invest in equity securities and fixed income securities.

Cargile Investment Management, Inc., the investment adviser to the Fund (the “Adviser”), allocates the Fund's assets among its investment categories based on a proprietary trend analysis model. The trend analysis model is designed to identify a primary trend, or price direction, of stock prices. Once a trend is identified the Fund will typically allocate its assets among equity ETFs, fixed income ETFs and/or other cash equivalents. The allocation between these three asset classes will be determined by the Adviser’s proprietary trend analysis. Where the trend analysis results suggest a rising markets trend, the Fund’s portfolio will be balanced with a higher proportion of equity ETFs. Whereas, when the trend analysis results suggest a falling markets trend, the Fund’s portfolio will be positioned to reflect more fixed income ETFs and/or cash equivalents. When the Adviser’s proprietary trend analysis model indicates a high-conviction trade, the Adviser may allocate up to 50% the Fund’s assets to leveraged equity ETFs and/or leveraged income ETFs. The Fund will hold these leveraged ETFs for as long as the Adviser’s model is indicating a high-conviction trade. Typically, this results in the Fund holding these positions for more than one day. A high-conviction trade occurs when the Adviser’s trend model indicates a strong likelihood that stock prices are going to move in a specific direction.

Generally, the Fund will invest in ETFs that hold a broad-based basket of equity securities, such as the S&P 500® Index, and/or ETFs that hold fixed income securities. The Fund may invest in ETFs that hold below grade fixed income securities (known as "junk bonds"). When the Adviser’s proprietary trend analysis model indicates a high-conviction trade, the Adviser may allocate to ETFs that are leveraged and would thus anticipate a multiple (e.g., 2X) of the performance of the market. The Adviser’s allocation to leveraged ETFs for the Fund is designed to capture up trends in stock prices, but also subjects the Fund to additional risk if stock prices trend down. In addition, the Fund may have exposure to inverse strategies through its investments in ETFs that employ such strategies. The Adviser may allocate Fund assets to inverse ETFs when its proprietary trend analysis model indicates such index or underlying asset that is being tracked by the inverse ETF will experience negative returns, in the short term. Inverse ETFs are designed to move in the opposite direction of the index or underlying asset it is tracking. Additionally, the Fund may be fully invested, partially invested or fully in cash or cash equivalents at any time. The Fund may hold a limited number of ETFs.

The Adviser’s proprietary investment decision process is rules-based and uses mathematical models to eliminate emotion from the decision process. On a daily basis, the Adviser’s proprietary process determines trend in the asset classes in which the Fund invests. The mathematical models measure technical factors related to daily index price movements such as moving averages, relative strength and correlations to determine price trends, as defined by the Adviser’s proprietary process, in broad equity and fixed income indices. The process produces specific buy and sell signals on the asset classes in which the Fund invests. The methodology used by the Adviser in selecting securities for the Fund’s portfolio generally results in high portfolio turnover.

The Fund may also invest in options to hedge portfolio positions. The Fund may also engage in short-term trading and have a portfolio turnover rate in excess of 100%.

The Fund is a "non-diversified" fund, which means it can invest in fewer securities at any one time than a diversified fund and can invest more of its assets in securities of a single issuer than a diversified fund. The Fund may invest a significant percentage of its assets in a single ETF and/or money market fund, and at times may hold only one such position along with a cash or cash equivalent position. Also, the Fund may participate in a limited number of industry sectors, but will not concentrate its investments in any particular industry.

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CFNDX - Performance

Return Ranking - Trailing

Period CFNDX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -0.9% 17.8% 44.49%
1 Yr 11.7% -2.2% 75.0% 53.10%
3 Yr 0.0%* -22.7% 10.8% 74.22%
5 Yr 0.9%* -11.4% 20.9% 96.65%
10 Yr N/A* -4.6% 9.9% N/A

* Annualized

Return Ranking - Calendar

Period CFNDX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -18.9% 60.2% 75.33%
2022 -14.7% -48.5% 0.1% 30.84%
2021 6.6% -19.0% 48.3% 29.20%
2020 -5.5% -16.5% 52.8% 95.35%
2019 7.7% -8.5% 27.3% 74.29%

Total Return Ranking - Trailing

Period CFNDX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -0.9% 17.8% 44.49%
1 Yr 11.7% -2.2% 75.0% 53.10%
3 Yr 0.0%* -22.7% 10.8% 74.22%
5 Yr 0.9%* -11.4% 20.9% 96.65%
10 Yr N/A* -4.6% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CFNDX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -11.7% 61.8% 74.45%
2022 -14.7% -48.5% 4.6% 53.74%
2021 6.6% -14.2% 48.3% 76.55%
2020 -4.4% -11.7% 77.4% 95.81%
2019 9.0% -3.9% 30.2% 80.95%

NAV & Total Return History


CFNDX - Holdings

Concentration Analysis

CFNDX Category Low Category High CFNDX % Rank
Net Assets 19.6 M 1.67 M 13.2 B 93.89%
Number of Holdings 2 2 1954 98.25%
Net Assets in Top 10 20.1 M 1.26 M 10.4 B 84.28%
Weighting of Top 10 101.44% 0.4% 149.2% 3.06%

Top 10 Holdings

  1. Fidelity Investments Money Market Government Portfolio Class I 60.81%
  2. iShares Treasury Floating Rate Bond ETF 40.63%

Asset Allocation

Weighting Return Low Return High CFNDX % Rank
Cash
60.81% -33.22% 99.05% 6.99%
Stocks
40.63% 0.00% 137.56% 80.79%
Preferred Stocks
0.00% 0.00% 5.36% 84.28%
Other
0.00% -29.71% 128.17% 79.48%
Convertible Bonds
0.00% 0.00% 8.92% 90.83%
Bonds
0.00% 0.00% 106.59% 87.34%

Stock Sector Breakdown

Weighting Return Low Return High CFNDX % Rank
Technology
25.59% 0.00% 85.77% 11.28%
Healthcare
13.70% 0.00% 38.63% 31.28%
Financial Services
13.20% 0.00% 98.22% 46.15%
Consumer Cyclical
11.84% 0.00% 25.83% 13.85%
Communication Services
9.36% 0.00% 21.61% 13.85%
Industrials
8.15% 0.00% 23.85% 64.62%
Consumer Defense
6.50% 0.00% 37.51% 48.21%
Energy
3.87% 0.00% 60.89% 64.10%
Utilities
2.74% 0.00% 91.12% 57.95%
Real Estate
2.72% 0.00% 99.45% 57.44%
Basic Materials
2.31% 0.00% 56.73% 73.85%

Stock Geographic Breakdown

Weighting Return Low Return High CFNDX % Rank
US
40.63% 0.00% 137.56% 75.11%
Non US
0.00% -1.94% 41.50% 84.28%

CFNDX - Expenses

Operational Fees

CFNDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.82% 0.49% 5.81% 44.10%
Management Fee 1.00% 0.00% 1.50% 81.22%
12b-1 Fee 0.00% 0.00% 1.00% 25.83%
Administrative Fee 0.07% 0.05% 0.70% 31.25%

Sales Fees

CFNDX 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

CFNDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 45.16%

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.

CFNDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.75% 441.00% 97.62%

CFNDX - Distributions

Dividend Yield Analysis

CFNDX Category Low Category High CFNDX % Rank
Dividend Yield 2.44% 0.00% 24.73% 26.20%

Dividend Distribution Analysis

CFNDX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

CFNDX Category Low Category High CFNDX % Rank
Net Income Ratio -0.78% -2.01% 13.72% 82.53%

Capital Gain Distribution Analysis

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

Distributions History

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CFNDX - Fund Manager Analysis

Managers

Mickey Cargile


Start Date

Tenure

Tenure Rank

Jul 09, 2018

3.9

3.9%

Mr. Cargile has a degree in finance from the University of Texas at Austin. Previously, he served as a senior vice president with Texas National Bank; Managing Partner for Cargile Investments at Western National Bank; and was a registered representative with Shearson American Express and Paine Webber. Mr. Cargile is an Investment Adviser Representative with Cargile Investment Management, Inc., a Registered Representative of Ceros Financial Services, Inc., and an independent licensed insurance agent.

Tenure Analysis

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