MProved Systematic Multi-Strategy Inv
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-6.1%
1 yr return
-9.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$14.3 M
Holdings in Top 10
82.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 5.53%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 109.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MMSJX - Profile
Distributions
- YTD Total Return -6.1%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.60%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMProved Systematic Multi-Strategy Fund
-
Fund Family NameMProved
-
Inception DateDec 29, 2017
-
Shares Outstanding22899
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDevin Dallaire
Fund Description
MMSJX - Performance
Return Ranking - Trailing
| Period | MMSJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.1% | -59.8% | 844.0% | 52.01% |
| 1 Yr | -9.3% | -72.5% | 863.3% | 67.51% |
| 3 Yr | N/A* | -43.9% | 41.6% | N/A |
| 5 Yr | N/A* | -38.8% | 35.8% | N/A |
| 10 Yr | N/A* | -38.8% | 35.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MMSJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.0% | -58.1% | 80.6% | 89.85% |
| 2022 | 4.1% | -93.5% | 23.6% | 3.38% |
| 2021 | N/A | -55.3% | 69.8% | N/A |
| 2020 | N/A | -34.8% | 68.2% | N/A |
| 2019 | N/A | -50.8% | 22.5% | N/A |
Total Return Ranking - Trailing
| Period | MMSJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.1% | -59.8% | 842.0% | 51.13% |
| 1 Yr | -9.3% | -72.5% | 861.2% | 64.97% |
| 3 Yr | N/A* | -44.3% | 121.7% | N/A |
| 5 Yr | N/A* | -39.0% | 61.7% | N/A |
| 10 Yr | N/A* | -38.9% | 35.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MMSJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.0% | -58.1% | 80.6% | 89.97% |
| 2022 | 5.0% | -64.5% | 23.6% | 3.25% |
| 2021 | N/A | -55.3% | 69.8% | N/A |
| 2020 | N/A | -34.8% | 70.7% | N/A |
| 2019 | N/A | -50.8% | 30.8% | N/A |
MMSJX - Holdings
Concentration Analysis
| MMSJX | Category Low | Category High | MMSJX % Rank | |
|---|---|---|---|---|
| Net Assets | 14.3 M | 92.3 K | 98.5 B | 88.05% |
| Number of Holdings | 104 | 1 | 1264 | 35.93% |
| Net Assets in Top 10 | -8.87 M | -2.14 B | 25.1 B | 96.35% |
| Weighting of Top 10 | 82.21% | 0.0% | 100.0% | 4.96% |
Top 10 Holdings
- 3 Month Euribor Future June20 22.41%
- 3 Month Euribor Future Mar20 22.41%
- Euro Schatz Sept19 7.70%
- 90 Day Eurodollar Future Sept20 5.94%
- 2 Year US Treasury Note Future Sept19 5.19%
- Lendingtree Inc 0.63% 4.72%
- LendingTree Inc 4.21%
- Wright Medical Group N.V. 2.25% 3.36%
- Booking Holdings Inc 0.35% 3.26%
- United States Treasury Bills 0% 3.00%
Asset Allocation
| Weighting | Return Low | Return High | MMSJX % Rank | |
|---|---|---|---|---|
| Cash | 129.48% | -2.83% | 1041.68% | 2.44% |
| Convertible Bonds | 33.69% | 0.00% | 33.69% | 0.24% |
| Preferred Stocks | 16.27% | -0.02% | 18.35% | 0.49% |
| Other | 0.09% | -895.56% | 38.46% | 31.18% |
| Stocks | -29.29% | -46.11% | 102.76% | 99.51% |
| Bonds | -50.24% | -696.69% | 45.33% | 98.29% |
MMSJX - Expenses
Operational Fees
| MMSJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 5.53% | 0.02% | 45.48% | 2.02% |
| Management Fee | 1.50% | 0.00% | 2.94% | 93.92% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 28.71% |
| Administrative Fee | N/A | 0.01% | 1.12% | N/A |
Sales Fees
| MMSJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MMSJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.50% | 2.00% | 11.01% |
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.
| MMSJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 109.00% | 0.00% | 496.00% | 71.47% |
MMSJX - Distributions
Dividend Yield Analysis
| MMSJX | Category Low | Category High | MMSJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 11.31% | 27.13% |
Dividend Distribution Analysis
| MMSJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Semi-Annually |
Net Income Ratio Analysis
| MMSJX | Category Low | Category High | MMSJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.60% | -4.31% | 4.44% | 42.39% |
Capital Gain Distribution Analysis
| MMSJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
MMSJX - Fund Manager Analysis
Managers
Devin Dallaire
Start Date
Tenure
Tenure Rank
Dec 29, 2017
2.5
2.5%
Devin Dallaire, Portfolio Manager and Chief Investor Officer of Alternative Risk Premia Strategies, joined Magnetar Asset Management LLC in 2010, and is Chief Investor Officer of Alternative Risk Premia Strategies for the Adviser. Prior to joining the Adviser, Mr. Dallaire was a Senior Investment Researcher at Bridgewater Associates, where he was responsible for researching and developing risk management and portfolio construction strategies for their Fundamental Global Macro Fund. Prior to joining Bridgewater Associates, he was Head of Risk Management and Quantitative Research at Third Point. From 2001 to 2006, he was Head of Global Equity Quantitative Research at Citadel Investment Group. Mr. Dallaire started his career in 1994 at Stafford Trading where he was Head of Quantitative Research. Mr. Dallaire has an AB in Economics from the University of Chicago and has completed coursework and exams towards a Ph.D. in Econometrics at the University of Chicago, Graduate School of Business.
Rahim Esmailzadeh
Start Date
Tenure
Tenure Rank
Apr 30, 2020
0.17
0.2%
Rahim Esmailzadeh joined an affiliate of Magnetar Asset Management LLC in 2007. Prior to joining the firm, Mr. Esmailzadeh was the Chief Knowledge Officer for Barclays Global Investors, where he led the firm’s data and information management organization. From 2001 to 2005, Mr. Esmailzadeh was the Head of Equities Quantitative Research for Citadel, where he supported the merger arbitrage, event driven arbitrage and fundamental long short strategies. Previously, as Global Head of Equities Technology at NatWest Markets, Mr. Esmailzadeh oversaw the firm’s operations, finance, trading and risk technology systems. After the sale of NatWest Equities to Deutsche Bank, he became the Head of Quantitative Strategies Group where he developed proprietary trading models using statistical arbitrage. Mr. Esmailzadeh began his career with Morgan Stanley & Co. in the Global Equity Derivatives Group, where he developed and implemented mathematical models for derivative analytics and risk management. Mr. Esmailzadeh holds a doctorate in theoretical physics from Stanford University and a Bachelor of Science degree in physics from the University of California, Los Angeles.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 41.52 | 7.34 | 0.5 |