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Name

As of 03/22/2021

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

Theta Income Fund

LQTIX | Fund

$51.33

$4.04 M

2.90%

$1.28

1.32%

Vitals

YTD Return

-0.1%

1 yr return

3.7%

3 Yr Avg Return

1.6%

5 Yr Avg Return

3.2%

Net Assets

$4.04 M

Holdings in Top 10

94.9%

52 WEEK LOW AND HIGH

$51.3
$49.86
$51.84

Expenses

OPERATING FEES

Expense Ratio 1.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 51.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 03/22/2021

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

Theta Income Fund

LQTIX | Fund

$51.33

$4.04 M

2.90%

$1.28

1.32%

LQTIX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.82%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Theta Income Fund
  • Fund Family Name
    LS
  • Inception Date
    Mar 31, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    C. Shawn Gibson

Fund Description

LQTIX - Performance

Return Ranking - Trailing

Period LQTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.8% 236.3% 96.46%
1 Yr 3.7% -1.7% 52.1% 96.09%
3 Yr 1.6%* -8.4% 17.0% 86.62%
5 Yr 3.2%* -5.3% 18.5% 92.44%
10 Yr N/A* -4.7% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period LQTIX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.9% -34.1% 904.0% 73.99%
2022 4.5% -28.6% 438.4% 83.91%
2021 -7.1% -93.5% 8.2% 38.36%
2020 4.8% -38.9% 19.8% 59.23%
2019 4.2% -10.9% 12.8% 26.92%

Total Return Ranking - Trailing

Period LQTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -2.8% 236.3% 96.46%
1 Yr 3.7% -1.7% 52.1% 93.91%
3 Yr 1.6%* -8.4% 17.0% 85.99%
5 Yr 3.2%* -5.7% 18.5% 90.76%
10 Yr N/A* -4.7% 13.2% N/A

* Annualized

Total Return Ranking - Calendar

Period LQTIX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.9% -34.1% 904.0% 73.99%
2022 4.5% -5.9% 438.4% 84.48%
2021 -5.2% -81.2% 8.2% 30.82%
2020 5.8% -29.0% 19.8% 73.08%
2019 6.1% -10.9% 12.8% 27.88%

NAV & Total Return History

LQTIX - Holdings

Concentration Analysis

LQTIX Category Low Category High LQTIX % Rank
Net Assets 4.04 M 25 16.7 B 96.90%
Number of Holdings 10 1 508 73.93%
Net Assets in Top 10 43.4 M -5.1 M 5.32 B 59.53%
Weighting of Top 10 94.92% 11.7% 100.0% 7.64%

Top 10 Holdings

  1. Vanguard Short-Term Corporate Bond ETF 42.66%
  2. United States Treasury Notes 2% 23.50%
  3. Vanguard Short-Term Bond ETF 21.84%
  4. United States Treasury Notes 2.63% 11.06%
  5. United States Treasury Notes 2.25% 4.17%
  6. United States Treasury Notes 2.75% 3.35%
  7. Government National Mortgage Association 2.75% 1.91%
  8. Oracle Corporation 2.5% 1.61%
  9. Morgan Stanley 5.75% 1.09%
  10. Merck & Co., Inc 3.88% 1.09%

Asset Allocation

Weighting Return Low Return High LQTIX % Rank
Bonds 		89.31% 0.00% 97.56% 1.95%
Other 		5.35% 0.00% 46.25% 7.78%
Convertible Bonds 		2.80% 0.00% 24.77% 2.72%
Cash 		2.63% -0.76% 100.29% 58.75%
Preferred Stocks 		0.00% 0.00% 3.46% 10.51%
Stocks 		-0.08% -3.45% 100.76% 94.94%

Bond Sector Breakdown

Weighting Return Low Return High LQTIX % Rank
Corporate 		51.14% 0.00% 89.71% 3.89%
Government 		46.02% 0.00% 99.96% 5.84%
Cash & Equivalents 		2.78% 0.04% 100.00% 98.83%
Securitized 		0.04% 0.00% 21.39% 3.89%
Municipal 		0.02% 0.00% 96.84% 1.95%
Derivative 		0.00% 0.00% 0.13% 7.39%

Bond Geographic Breakdown

Weighting Return Low Return High LQTIX % Rank
US 		80.98% 0.00% 97.56% 4.67%
Non US 		8.33% 0.00% 16.94% 1.95%

LQTIX - Expenses

Operational Fees

LQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.20% 6.78% 37.70%
Management Fee 1.00% 0.20% 1.75% 68.70%
12b-1 Fee N/A 0.00% 1.00% 30.67%
Administrative Fee N/A 0.02% 0.28% 29.64%

Sales Fees

LQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

LQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 25.26%

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.

LQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 456.80% 63.51%

LQTIX - Distributions

Dividend Yield Analysis

LQTIX Category Low Category High LQTIX % Rank
Dividend Yield 2.90% 0.00% 5.47% 15.21%

Dividend Distribution Analysis

LQTIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

LQTIX Category Low Category High LQTIX % Rank
Net Income Ratio 0.82% -2.54% 14.24% 39.59%

Capital Gain Distribution Analysis

LQTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

View More +

LQTIX - Fund Manager Analysis

Managers

C. Shawn Gibson

Start Date

Tenure

Tenure Rank

Mar 31, 2014

6.92

6.9%

Shawn Gibson co-founded Liquid Strategies in 2014 and is a member of the firm’s Executive Management Committee. He brings more than 19 years of investment experience to his role as Lead Portfolio Manager, most of which have been spent trading, structuring and managing options-based strategies. Prior to co-founding Liquid Strategies, Mr. Gibson was a Partner at Persimmon Capital Management where he used his derivatives expertise and experience managing capital as a part of the Investment Committee responsible for managing the firm’s hedge fund portfolios, as well as setting overall asset allocation. Previously, Mr. Gibson was an options trader with Timber Hill Group, one of the world’s largest options market making firms. In addition, he served as Head of Options Strategy and as Director of Alternative Investments at BB&T Bank. Mr. Gibson also founded Gibson Volatility Management, an investment advisory firm focused on designing and managing options-based, low volatility growth portfolios. Mr. Gibson received his B.S. in Commerce from the University of Virginia.

Adam Stewart

Start Date

Tenure

Tenure Rank

Mar 31, 2014

6.92

6.9%

Adam Stewart, CFA co-founded Liquid Strategies in 2013 and serves as a Co-Portfolio Manager on the LS Theta Investment Team as well as the firm’s Director of Trading. Mr. Stewart has more than 18 years of investment industry experience. He began his career at Franklin Templeton in 1997 and later served as Head of Equity Trading at Trusco Capital Management along with managing equity trading operations. Most recently, Mr. Stewart was a founding partner and Director of Trading for Perimeter Capital Management. Mr. Stewart is a Chartered Financial Analyst (CFA) and received his B.A. in Finance from Auburn University.

G. Bradley Ball

Start Date

Tenure

Tenure Rank

Mar 31, 2014

6.92

6.9%

Brad Ball co-founded Liquid Strategies in 2013 and serves as Chief Executive Officer, a member of the firm’s Executive Management Committee and Co-Portfolio Manager on LS Theta Strategies Investment Team. Mr. Ball has more than 31 years of investment industry experience. Prior to Liquid Strategies, Mr. Ball was a founding partner and CEO of Perimeter Capital Management and was a member of the Management Committee of Concourse Capital Management, LLC, an affiliated investment adviser to a long/short equity private fund. He also served as Executive Vice President of Trusco Capital Management and served on the firm’s Executive Committee. Mr. Ball received his B.A. degree in Finance from Oklahoma State University.

Justin Boller

Start Date

Tenure

Tenure Rank

Nov 01, 2017

3.33

3.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 19.68 3.76 5.59

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