Iron Strategic Income Investor
Name
As of 04/30/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.4%
1 yr return
5.7%
3 Yr Avg Return
0.7%
5 Yr Avg Return
0.9%
Net Assets
$14 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 448.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IRNIX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.79%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameIron Strategic Income Fund
-
Fund Family NameIron Funds
-
Inception DateFeb 02, 2009
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAaron Izenstark
Fund Description
IRNIX - Performance
Return Ranking - Trailing
Period | IRNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -23.4% | 22.1% | 64.91% |
1 Yr | 5.7% | -28.9% | 61.0% | 88.93% |
3 Yr | 0.7%* | -12.2% | 11.2% | 94.52% |
5 Yr | 0.9%* | -14.0% | 14.6% | 95.25% |
10 Yr | 1.5%* | -2.0% | 12.6% | 94.48% |
* Annualized
Return Ranking - Calendar
Period | IRNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -4.8% | -49.2% | 314.3% | 88.23% |
2022 | 2.9% | -35.1% | 15.3% | 70.57% |
2021 | -4.9% | -48.0% | 3.4% | 43.46% |
2020 | -0.8% | -14.8% | 11.2% | 89.20% |
2019 | 3.2% | -11.2% | 10.7% | 46.85% |
Total Return Ranking - Trailing
Period | IRNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -23.4% | 21.6% | 64.91% |
1 Yr | 5.7% | -33.0% | 61.0% | 85.44% |
3 Yr | 0.7%* | -13.9% | 11.2% | 92.59% |
5 Yr | 0.9%* | -15.0% | 14.6% | 94.46% |
10 Yr | 1.5%* | -2.0% | 12.6% | 93.65% |
* Annualized
Total Return Ranking - Calendar
Period | IRNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -4.8% | -49.2% | 314.3% | 88.23% |
2022 | 2.9% | -35.1% | 15.3% | 71.89% |
2021 | -2.5% | -48.0% | 8.0% | 32.79% |
2020 | 2.3% | -14.8% | 15.2% | 60.10% |
2019 | 5.2% | -11.2% | 17.7% | 38.52% |
NAV & Total Return History
IRNIX - Holdings
Concentration Analysis
IRNIX | Category Low | Category High | IRNIX % Rank | |
---|---|---|---|---|
Net Assets | 14 M | 1.04 M | 137 B | 97.25% |
Number of Holdings | 1 | 1 | 7706 | 100.00% |
Net Assets in Top 10 | 0 | -3.65 B | 25.1 B | 88.41% |
Weighting of Top 10 | N/A | 4.3% | 100.0% | 1.01% |
Top 10 Holdings
- United States Treasury Notes 2.88% 31.82%
- Fidelity® Inv MM Fds Treasury Only I 8.47%
- First American Treasury Obligs Z 8.47%
- Wells Fargo Treasury Plus MMkt Inst 8.47%
- Federated Hermes Treasury Obl IS 8.47%
- Xtrackers USD High Yield Corp Bd ETF 5.67%
- The Chemours Company LLC 6.62% 2.73%
- Synovus Financial Corp. 5.75% 2.70%
- GEO Group Inc 5.88% 2.64%
- Allegheny Technologies Incorporated 7.88% 1.79%
Asset Allocation
Weighting | Return Low | Return High | IRNIX % Rank | |
---|---|---|---|---|
Cash | 100.00% | -210.92% | 260.09% | 2.04% |
Stocks | 0.00% | -84.00% | 210.59% | 84.86% |
Preferred Stocks | 0.00% | 0.00% | 33.23% | 79.49% |
Other | 0.00% | -41.76% | 106.30% | 71.08% |
Convertible Bonds | 0.00% | 0.00% | 206.37% | 94.65% |
Bonds | 0.00% | -148.49% | 302.14% | 97.46% |
IRNIX - Expenses
Operational Fees
IRNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.63% | 0.01% | 6.50% | 33.03% |
Management Fee | 0.65% | 0.00% | 2.25% | 60.12% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 40.85% |
Administrative Fee | 0.10% | 0.01% | 0.70% | 45.17% |
Sales Fees
IRNIX 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
IRNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.40% | 2.00% | 75.00% |
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.
IRNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 448.00% | 0.00% | 498.00% | 98.11% |
IRNIX - Distributions
Dividend Yield Analysis
IRNIX | Category Low | Category High | IRNIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.27% | 64.52% |
Dividend Distribution Analysis
IRNIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
IRNIX | Category Low | Category High | IRNIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.79% | -1.28% | 18.14% | 66.84% |
Capital Gain Distribution Analysis
IRNIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2018 | $0.091 | |
Sep 26, 2018 | $0.084 | |
Jun 27, 2018 | $0.031 | |
Mar 28, 2018 | $0.047 | |
Dec 27, 2017 | $0.092 | |
Sep 27, 2017 | $0.082 | |
Jun 28, 2017 | $0.059 | |
Mar 29, 2017 | $0.085 | |
Dec 28, 2016 | $0.068 | |
Sep 28, 2016 | $0.068 | |
Jun 28, 2016 | $0.064 | |
Dec 29, 2015 | $0.163 | |
Sep 28, 2015 | $0.061 | |
Jun 26, 2015 | $0.046 | |
Mar 27, 2015 | $0.066 | |
Dec 29, 2014 | $0.091 | |
Sep 26, 2014 | $0.079 | |
Jun 26, 2014 | $0.106 | |
Mar 26, 2014 | $0.158 | |
Dec 27, 2013 | $0.113 | |
Sep 26, 2013 | $0.062 | |
Jun 26, 2013 | $0.084 | |
Mar 27, 2013 | $0.124 | |
Dec 27, 2012 | $0.117 | |
Sep 26, 2012 | $0.110 | |
Jun 27, 2012 | $0.114 | |
Mar 28, 2012 | $0.150 | |
Dec 28, 2011 | $0.095 | |
Sep 28, 2011 | $0.067 | |
Jun 28, 2011 | $0.093 | |
Mar 29, 2011 | $0.012 | |
Dec 29, 2010 | $0.148 | |
Sep 28, 2010 | $0.128 | |
Jun 28, 2010 | $0.086 | |
Mar 29, 2010 | $0.090 | |
Dec 29, 2009 | $0.194 | |
Sep 28, 2009 | $0.096 | |
Jun 26, 2009 | $0.103 | |
Mar 27, 2009 | $0.045 |
IRNIX - Fund Manager Analysis
Managers
Aaron Izenstark
Start Date
Tenure
Tenure Rank
Oct 11, 2006
13.98
14.0%
Aaron Izenstark Co-Founder and Chief Investment Officer Mr. Izenstark is a Co-Founder and Chief Investment Officer of IRON Financial. He is responsible for oversight of IRON’s investment management, research and trading capabilities and for the oversight and management of the firm’s approximately $2.3 Billion in current client assets. Since IRON’s founding in 1994, Mr. Izenstark’s focus has been on designing specialized Fixed Income and Equity strategies that seek to reduce portfolio volatility and downside risk while earning competitive returns through full market cycles. Under the guidance of Mr. Izenstark, the IRON organization has evolved from managing a small portfolio in 1994 to today managing assets for a range of Intermediary, Institutional and High Net Worth investors today. Prior to Co-Founding IRON Financial in 1994, Mr. Izenstark was a member of the Chicago Board of Trade and Chicago Mercantile Exchange where he specialized in the trading of Fixed Income and Equity derivatives. Mr. Izenstark began investing in High Yield fixed income securities in 1988 while a member of the Chicago Board of Trade (CBOT) – where he first developed the investment process that has evolved into the full investment methodology IRON uses presently in managing its high yield fixed income strategy. Mr. Izenstark received his Bachelor of Science in Business Administration from Indiana University and he holds the FINRA Series 2 and 65 licenses.
Ramesh Poola
Start Date
Tenure
Tenure Rank
Jun 01, 2016
4.33
4.3%
Dr. Ramesh Poola, Ph.D., CFA Managing Director of Investment and Quantitative Research Dr. Ramesh Poola, Ph.D., CFA is the Managing Director of Investment and Quantitative Research for IRON Financial. Dr. Poola joined IRON Financial in 2009 and he heads and oversees all quantitative investment research, financial modeling, portfolio construction, and risk analysis for IRON's investment strategies across all asset classes. He also leads investment research for IRON Financial’s ERISA 3(38) Investment Fiduciary Corporate Retirement Services business. Prior to joining IRON, Dr. Poola was an Equities Research Analyst at Koch Quantitative Trading, LLC, a division of Koch Industries, where he was responsible for quantitative research; the development of new investment strategies; and the development and enhancement of advanced risk management practices. Previously, Dr. Poola was an Equity Research Analyst at Morningstar, LLC where he was responsible for fundamental equity research coverage in the diversified industrial sector. He conceived and organized Morningstar's first stock conference, "The Management Behind the Moat.“. Previously, Dr. Poola spent six years in advanced engineering research and development at General Motors Corporation and six years as a leading researcher at Argonne National Laboratory. Dr. Poola was awarded eleven U.S. Patents and authored/co-authored over 60 scholarly technical papers in leading peer-reviewed journals. Also, he was a recipient of GM’s “Outstanding Achievement Award” for exemplary leadership and excellence and was a three-time recipient of the “Argonne Director’s Award,” – the highest award provided by Argonne for outstanding achievements and research contributions. He was also a recipient of the “R&D 100” award from R&D magazine.
Joe Fanaro
Start Date
Tenure
Tenure Rank
Jun 01, 2016
4.33
4.3%
Mr. Fanaro is a trader and portfolio manager for IRON Financial’s Equity Derivatives and REIT strategies. Mr. Fanaro joined IRON Financial in 2012 and is also responsible for investment strategy research across asset classes including fixed income, equities, options and futures. Prior to joining IRON Financial, Mr. Fanaro worked in the futures industry as a Trader and Quantitative Analyst, where he researched, developed, executed and managed the risk of investment strategies. Mr. Fanaro worked extensively in the development of financial models to value derivatives and cash securities, covering both traditional and alternative investments. Mr. Fanaro received his M.B.A. with honors in Finance from DePaul University, Kellstadt Graduate School of Business and a Bachelor’s of Science from DePaul University’s College of Commerce.
Edward Connolly
Start Date
Tenure
Tenure Rank
Jun 01, 2016
4.33
4.3%
Mr. Ted Connolly is a trader and portfolio manager for a series of strategies for IRON Financial, LLC . Mr. Connolly joined IRON Financial, LLC in 2006 and has responsibility for overseeing the global and domestic option overlay strategies for Separately Managed Accounts at IRON Financial, LLC . In addition, Mr. Connolly has responsibility for fixed income strategies incorporating the use of corporate, government, municipal and convertible securities. Prior to joining IRON Financial, LLC , Mr. Connolly worked for several market making firms at the Chicago Board Options Exchange and the Chicago Board of Trade. During this time, Mr. Connolly was responsible for the administrative start-up of a yield curve trading group trading futures to hedge option trades as well as trading the daily and overnight gamma for open option positions. Mr. Connolly earned a Bachelor of Arts in Economics from Connecticut College and holds the FINRA Series 65 license.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 27.35 | 5.45 | 2.33 |