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Trending ETFs

Name

As of 09/30/2021

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

$9.12

$6.58 M

3.95%

$0.36

2.37%

Vitals

YTD Return

0.6%

1 yr return

8.1%

3 Yr Avg Return

3.7%

5 Yr Avg Return

4.3%

Net Assets

$6.58 M

Holdings in Top 10

19.1%

52 WEEK LOW AND HIGH

$9.1
$8.73
$9.38

Expenses

OPERATING FEES

Expense Ratio 2.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 277.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/30/2021

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

$9.12

$6.58 M

3.95%

$0.36

2.37%

INCIX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.93%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Easterly Hedged High Income Fund
  • Fund Family Name
    Saratoga
  • Inception Date
    Dec 31, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Akos Beleznay

Fund Description


INCIX - Performance

Return Ranking - Trailing

Period INCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -25.0% 24.3% 32.77%
1 Yr 8.1% -29.1% 49.5% 26.21%
3 Yr 3.7%* -10.1% 11.4% 67.28%
5 Yr 4.3%* -14.3% 13.4% 36.07%
10 Yr N/A* -1.3% 14.7% N/A

* Annualized

Return Ranking - Calendar

Period INCIX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.8% -49.2% 314.3% 68.25%
2022 2.0% -35.1% 16.7% 77.26%
2021 -5.6% -48.0% 3.4% 60.24%
2020 2.6% -14.8% 11.2% 32.96%
2019 N/A -11.2% 12.8% N/A

Total Return Ranking - Trailing

Period INCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -25.0% 23.9% 32.64%
1 Yr 8.1% -33.2% 49.5% 23.28%
3 Yr 3.7%* -11.9% 13.0% 63.42%
5 Yr 4.3%* -15.3% 13.4% 32.16%
10 Yr N/A* -1.3% 14.7% N/A

* Annualized

Total Return Ranking - Calendar

Period INCIX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.8% -49.2% 314.3% 68.25%
2022 2.8% -35.1% 16.7% 72.90%
2021 -1.2% -48.0% 8.0% 19.28%
2020 6.8% -14.8% 15.2% 11.73%
2019 N/A -11.2% 17.7% N/A

NAV & Total Return History


INCIX - Holdings

Concentration Analysis

INCIX Category Low Category High INCIX % Rank
Net Assets 6.58 M 100 143 B 97.30%
Number of Holdings 13 3 7887 91.85%
Net Assets in Top 10 1.5 M -8.09 B 8.87 B 88.35%
Weighting of Top 10 19.06% 3.9% 100.0% 69.86%

Top 10 Holdings

  1. James Alpha Bbh Sweep 11.21%
  2. James Alpha Bbh Sweep 11.21%
  3. James Alpha Bbh Sweep 11.21%
  4. James Alpha Bbh Sweep 11.21%
  5. James Alpha Bbh Sweep 11.21%
  6. James Alpha Bbh Sweep 11.21%
  7. James Alpha Bbh Sweep 11.21%
  8. James Alpha Bbh Sweep 11.21%
  9. James Alpha Bbh Sweep 11.21%
  10. James Alpha Bbh Sweep 11.21%

Asset Allocation

Weighting Return Low Return High INCIX % Rank
Cash
80.33% -154.89% 282.50% 2.38%
Bonds
19.86% -170.28% 217.61% 96.37%
Convertible Bonds
0.68% 0.00% 129.09% 63.16%
Preferred Stocks
0.26% 0.00% 32.82% 40.10%
Other
0.14% -39.52% 107.15% 22.81%
Stocks
-1.28% -54.77% 187.24% 99.00%

Stock Sector Breakdown

Weighting Return Low Return High INCIX % Rank
Energy
51.06% 0.00% 100.00% 25.90%
Real Estate
20.48% 0.00% 100.00% 12.38%
Financial Services
8.81% 0.00% 100.00% 37.33%
Communication Services
7.77% 0.00% 100.00% 29.90%
Basic Materials
5.90% 0.00% 47.08% 17.33%
Consumer Cyclical
2.28% 0.00% 100.00% 44.00%
Utilities
1.71% 0.00% 100.00% 32.57%
Technology
1.22% 0.00% 100.00% 33.71%
Healthcare
0.70% 0.00% 100.00% 35.05%
Industrials
0.07% 0.00% 100.00% 51.43%
Consumer Defense
0.00% 0.00% 100.00% 38.29%

Stock Geographic Breakdown

Weighting Return Low Return High INCIX % Rank
US
0.38% -50.06% 187.24% 33.58%
Non US
-1.66% -4.71% 33.97% 99.37%

Bond Sector Breakdown

Weighting Return Low Return High INCIX % Rank
Cash & Equivalents
79.35% 0.00% 100.00% 0.88%
Corporate
16.72% 0.00% 100.00% 75.81%
Securitized
1.43% 0.00% 99.25% 83.58%
Derivative
1.25% 0.00% 58.05% 38.60%
Government
1.15% 0.00% 99.48% 79.57%
Municipal
0.10% 0.00% 54.18% 30.33%

Bond Geographic Breakdown

Weighting Return Low Return High INCIX % Rank
US
14.55% -170.60% 209.58% 92.48%
Non US
5.31% 0.00% 126.35% 90.60%

INCIX - Expenses

Operational Fees

INCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.37% 0.02% 5.53% 8.97%
Management Fee 1.70% 0.00% 2.25% 96.31%
12b-1 Fee N/A 0.00% 1.00% 10.14%
Administrative Fee 0.15% 0.01% 0.85% 61.92%

Sales Fees

INCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

INCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% 5.00%

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.

INCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 277.00% 0.00% 498.00% 90.00%

INCIX - Distributions

Dividend Yield Analysis

INCIX Category Low Category High INCIX % Rank
Dividend Yield 3.95% 0.00% 2.95% 13.66%

Dividend Distribution Analysis

INCIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

INCIX Category Low Category High INCIX % Rank
Net Income Ratio 3.93% -1.31% 11.44% 22.36%

Capital Gain Distribution Analysis

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

Distributions History

View More +

INCIX - Fund Manager Analysis

Managers

Akos Beleznay


Start Date

Tenure

Tenure Rank

May 27, 2016

5.35

5.4%

Akos Beleznay serves as Chief Investment Officer of James Alpha Advisors, LLC and is responsible for managing research and asset allocation for the firm. Prior to joining James Alpha Advisors, LLC, Mr. Beleznay was the Chief Investment Officer at Riverside, the asset management arm of HFR (Hedge Fund Research, Inc.) managing over one billion dollars of fund of hedge fund products. Before Riverside, Mr. Beleznay served as the Chief Investment Officer at Commerce Asset Management and CSG Asset Management with responsibility for managing funds of hedge funds and a hedge fund index replication product. Mr. Beleznay also served as the Director of Consulting Research for Equitas Capital Advisors, LLC from 2002 to 2010 and the Chief Investment Officer of Equitas Evergreen Fund LP, a fund of hedge funds with $300 million in assets, from 2003 to 2010. Mr. Beleznay has a PhD degree in Physics from Eotvos Lorand University, Hungary and an MBA from Tulane University.

Salvatore Naro


Start Date

Tenure

Tenure Rank

Sep 28, 2017

4.01

4.0%

Sal Naro is Managing Member, Chief Executive Officer, and Chief Investment Officer of Coherence, which he founded in January 2012. Prior to Coherence Capital Partners, Sal was the vice chairman of Jefferson National Financial Corp and CEO of Jefferson National Asset Management from March thru December of 2011. From October 2008 to March 2011, Sal was an executive vice president and head of the acquisitions committee at Markit Group, a leading financial services technology firm. Prior to Markit, Sal was the co-ceo and president of Sailfish Capital Partners, LLC. Prior to Sailfish, Sal worked at UBS Investment Bank where he was a managing director and the global co-head of fixed income. He was also a member of the board of directors of UBS Investment Bank. Prior to joining UBS, he was a senior managing director and global head of credit trading at Bear Stearns from 1989 to 1998. While at UBS and Bear Stearns, he managed an investment team and traded a significant proprietary book. Sal also served on the global risk committees of both firms. He began his career on Wall Street in 1982 as a fixed income associate for Dreyfus. Sal is a 1983 graduate of C.W. Post College of Long Island University and currently sits on the board of trustees of Long Island University.

Vincent Mistretta


Start Date

Tenure

Tenure Rank

Sep 28, 2017

4.01

4.0%

Vincent Mistretta is the President and Co-Senior Portfolio Manager, Chairman of Offshore Board of Coherence, which he joined in January 2012. Prior to Coherence Capital Partners, Vincent was the Senior Portfolio Manager at Jefferson National Asset Management. Prior to Jefferson National, Vincent was a Founding Partner and Portfolio Manager at L Plus LLC, an asset management company. Prior to L Plus, Vincent worked at UBS Investment Bank where he was a Managing Director and Head of Global Credit Strategies (GCS), a multi-strategy proprietary investment business he founded in 2006. Prior to establishing GCS, Vincent was the Global COO for Credit Fixed Income from 2004 to 2005 and Head of U.S. credit derivatives trading from 2003 to 2004. During his time at UBS, Vincent was a member of the Board of Directors of ISDA (International Swaps Dealers Association 2005-2006) and Markit Group (2004-2005). Vincent also served on several management committees and was instrumental in recruiting new talent to UBS. Prior to joining UBS, Vincent held senior trading and portfolio management positions at SAC Capital Advisors (2001-2002), HSBC (2000-2001), DLJ(1998-2000) and Bear Stearns (1986-1998). Vincent is a 1986 graduate of Bucknell University where he earned a Bachelor of Arts Degree in Economics.

Michael Cannon


Start Date

Tenure

Tenure Rank

Sep 28, 2017

4.01

4.0%

Michael Cannon is Senior Portfolio Manager at Coherence, which he joined in January 2014. Prior to joining Coherence, Mr. Cannon was with UBS Investment Bank for 16 years, most recently as Managing Director and Co-Head of Investment Grade Credit Trading.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 27.77 5.48 2.75