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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

$24.87

$112 M

3.31%

$0.83

1.20%

Vitals

YTD Return

1.3%

1 yr return

10.6%

3 Yr Avg Return

4.4%

5 Yr Avg Return

4.4%

Net Assets

$112 M

Holdings in Top 10

33.3%

52 WEEK LOW AND HIGH

$25.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

$10,000


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

$24.87

$112 M

3.31%

$0.83

1.20%

CMALX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.94%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Crawford Multi-Asset Income Fund
  • Fund Family Name
    Crawford
  • Inception Date
    Sep 12, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Crawford

Fund Description

The Fund pursues a multi-asset income strategy with the primary objective of generating current income. The Fund invests primarily in dividend paying common stocks, preferred stocks, corporate bonds, U.S. government securities, convertible bonds and real estate investment trusts (“REITs”). The Fund may invest throughout the investment quality spectrum, including debt securities with below investment grade ratings (“junk bonds”). Crawford Investment Counsel, Inc. (the “Adviser”) utilizes a bottom-up approach to security selection. The Fund emphasizes income over capital appreciation.

The Adviser seeks to provide diversified exposure across income producing assets. Within each asset class, the Adviser places an emphasis on the relative quality among the investments available. The Adviser also assesses each security’s risk profile and attempts to balance the Fund’s holdings across the four primary risk categories of market risk, interest rate risk, oil/energy price risk and credit risk. The Fund plans to invest in high yield, dividend paying stocks across the capitalization spectrum. The Fund may invest in bonds of all maturities. The Fund’s maturity strategy will be heavily influenced by yield opportunities, which will be balanced by interest rate risk.

Under normal circumstances the Fund will invest at least 80% of its assets in income producing securities. The Fund may invest in equity securities of foreign issuers, directly or indirectly through American Depositary Receipts (“ADRs”) or other types of depositary receipts. The Fund may also invest in business development companies (“BDCs”), master limited partnerships (“MLPs”), residential mortgage backed securities (“RMBS”), commercial mortgage backed securities (“CMBS”), asset backed securities (“ABS”), and closed end funds. The Adviser typically seeks to hold between 30 and 125 securities (although the number may vary depending on market conditions).

The Fund may at times overweight certain economic sector/asset classes in comparison to the Fund’s benchmark, the NASDAQ U.S. Multi-Asset Diversified Income Index, because the Adviser seeks the best investment opportunities regardless of sector or asset class. The Adviser generally purchases securities for the long-term. As a result, the Adviser believes that under normal circumstances the Fund will have low turnover, which should help minimize short-term capital gains and postpone long-term capital gains. However, when the Adviser deems that changes will benefit the Fund, portfolio turnover will not be a limiting factor.

The Fund may sell a security when the Adviser believes that the company’s fundamentals have deteriorated, if the company decreases its dividends, or if the security has become overvalued in the opinion of the Adviser. The Fund also may sell a security when the current yield is incompatible with the Fund’s objective of providing current income or the Adviser believes that a better investment opportunity is present.

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CMALX - Performance

Return Ranking - Trailing

Period CMALX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.9% 26.1% 93.99%
1 Yr 10.6% -5.9% 45.8% 89.51%
3 Yr 4.4%* -5.8% 8.6% 27.66%
5 Yr 4.4%* -4.1% 15.9% 90.82%
10 Yr N/A* 0.7% 10.9% N/A

* Annualized

Return Ranking - Calendar

Period CMALX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -12.2% 23.9% 95.93%
2022 -5.7% -34.7% 2.8% 2.42%
2021 12.1% -11.9% 18.1% 7.08%
2020 -10.6% -20.9% 39.7% 99.07%
2019 14.2% 0.8% 25.7% 47.22%

Total Return Ranking - Trailing

Period CMALX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.9% 26.1% 93.99%
1 Yr 10.6% -5.9% 45.8% 89.51%
3 Yr 4.4%* -5.8% 8.6% 27.66%
5 Yr 4.4%* -4.1% 15.9% 90.82%
10 Yr N/A* 0.7% 10.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CMALX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -12.2% 26.8% 95.65%
2022 -1.0% -29.0% 10.9% 1.71%
2021 15.6% -3.0% 24.2% 22.42%
2020 -7.0% -19.5% 40.6% 99.23%
2019 20.3% 4.4% 32.7% 39.11%

NAV & Total Return History


CMALX - Holdings

Concentration Analysis

CMALX Category Low Category High CMALX % Rank
Net Assets 112 M 733 K 195 B 82.64%
Number of Holdings 48 2 15716 51.60%
Net Assets in Top 10 37.5 M 618 K 62.8 B 83.91%
Weighting of Top 10 33.33% 11.4% 118.9% 64.08%

Top 10 Holdings

  1. Charles Schwab Corp./ The 4.09%
  2. Williams Cos, Inc./The 3.83%
  3. International Business Machines Corp. 3.77%
  4. Spire, Inc., Series A, 5.90% 3.27%
  5. ONEOK, Inc. 3.19%
  6. Duke Energy Corp. 3.13%
  7. Wells Fargo Co, Series L, 7.50% 3.06%
  8. WEC Energy Group Inc. 4.75 01/09/26 3.05%
  9. WP Carey, Inc. 2.98%
  10. Kinder Morgan, Inc. 2.95%

Asset Allocation

Weighting Return Low Return High CMALX % Rank
Stocks
51.76% 0.00% 103.09% 83.08%
Preferred Stocks
23.88% 0.00% 23.88% 0.14%
Bonds
21.91% 0.00% 77.27% 44.24%
Cash
2.44% -10.21% 100.00% 38.42%
Other
0.00% -41.62% 117.44% 73.93%
Convertible Bonds
0.00% 0.00% 23.84% 95.81%

Stock Sector Breakdown

Weighting Return Low Return High CMALX % Rank
Real Estate
26.73% 0.00% 65.01% 1.82%
Energy
25.51% 0.00% 85.65% 2.80%
Healthcare
11.32% 0.00% 29.35% 83.75%
Financial Services
9.22% 0.00% 38.77% 93.14%
Communication Services
8.96% 0.00% 38.10% 13.73%
Consumer Defense
6.18% 0.00% 15.14% 65.83%
Technology
6.01% 0.00% 44.21% 96.08%
Utilities
4.35% 0.00% 99.55% 19.47%
Industrials
1.72% 0.00% 24.37% 98.60%
Consumer Cyclical
0.00% 0.00% 19.36% 99.58%
Basic Materials
0.00% 0.00% 33.35% 98.46%

Stock Geographic Breakdown

Weighting Return Low Return High CMALX % Rank
US
51.76% 0.00% 103.09% 77.95%
Non US
0.00% 0.00% 38.68% 74.76%

Bond Sector Breakdown

Weighting Return Low Return High CMALX % Rank
Corporate
94.82% 0.00% 98.21% 2.09%
Cash & Equivalents
1.94% 0.00% 100.00% 37.73%
Derivative
0.00% -3.07% 46.02% 62.27%
Securitized
0.00% 0.00% 92.13% 95.39%
Municipal
0.00% 0.00% 24.80% 87.15%
Government
0.00% 0.00% 97.26% 97.49%

Bond Geographic Breakdown

Weighting Return Low Return High CMALX % Rank
US
21.91% 0.00% 77.27% 43.97%
Non US
0.00% 0.00% 14.17% 70.60%

CMALX - Expenses

Operational Fees

CMALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.03% 17.63% 36.69%
Management Fee 1.00% 0.00% 1.83% 97.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

CMALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CMALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

CMALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 343.00% 13.48%

CMALX - Distributions

Dividend Yield Analysis

CMALX Category Low Category High CMALX % Rank
Dividend Yield 3.31% 0.00% 15.61% 11.85%

Dividend Distribution Analysis

CMALX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Annual

Net Income Ratio Analysis

CMALX Category Low Category High CMALX % Rank
Net Income Ratio 2.94% -2.34% 19.41% 6.21%

Capital Gain Distribution Analysis

CMALX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

CMALX - Fund Manager Analysis

Managers

John Crawford


Start Date

Tenure

Tenure Rank

Sep 12, 2017

4.72

4.7%

John H. Crawford, IV, CFA - Managing Director of Equity Investments, 30 Years of Experience, Joined Firm in 1990; Previous Experience: Meryll Lynch Capital Markets, BBA University of Georgia; MS, Georgia State University

Aaron Foresman


Start Date

Tenure

Tenure Rank

Sep 12, 2017

4.72

4.7%

Aaron R. Foresman, CFA is a Senior Research Analyst at Crawford Investment Counsel and has been with the firm since 2014. Aaron is responsible for equity research in the Information Technology and Energy sectors and serves as a voting member of the Equity Investment Team. Aaron also serves as Director of Managing Income Strategy. Prior to joining Crawford Investment Counsel, Aaron served as a portfolio manager at Buckhead Capital Management as well as an associate with Booz Allen Hamilton Inc.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.33 2.41