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Name

As of

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

Newfound Multi-Asset Income Fund

NFMAX |

-

$5.1 M

-

1.94%

Vitals

YTD Return

-17.6%

1 yr return

-16.3%

3 Yr Avg Return

-9.5%

5 Yr Avg Return

-4.6%

Net Assets

$5.1 M

Holdings in Top 10

99.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.94%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 148.00%

Redemption Fee 1.00%

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

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

Newfound Multi-Asset Income Fund

NFMAX |

-

$5.1 M

-

1.94%

NFMAX - Profile

Distributions

  • YTD Total Return -17.6%
  • 3 Yr Annualized Total Return -8.1%
  • 5 Yr Annualized Total Return -2.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Newfound Multi-Asset Income Fund
  • Fund Family Name
    Newfound
  • Inception Date
    Sep 08, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Corey Hoffstein

Fund Description

NFMAX - Performance

Return Ranking - Trailing

Period NFMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.6% -31.8% 953.0% 99.71%
1 Yr -16.3% -26.3% 936.0% 99.71%
3 Yr -9.5%* -15.9% 120.3% 99.84%
5 Yr -4.6%* -8.0% 60.7% 99.77%
10 Yr N/A* -5.4% 3.6% 98.86%

* Annualized

Return Ranking - Calendar

Period NFMAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -5.8% 20.3% 28.85%
2022 -13.7% -29.6% 4.6% 99.72%
2021 4.1% -6.0% 16.5% 2.46%
2020 2.6% -7.8% 15.0% 7.08%
2019 -6.1% -18.3% 3.0% 97.19%

Total Return Ranking - Trailing

Period NFMAX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.6% -31.8% 953.0% 99.71%
1 Yr -16.3% -26.3% 936.0% 99.71%
3 Yr -8.1%* -15.9% 120.3% 99.80%
5 Yr -2.8%* -8.0% 60.7% 99.72%
10 Yr N/A* -5.2% 6.2% 74.90%

* Annualized

Total Return Ranking - Calendar

Period NFMAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -5.8% 20.3% 29.44%
2022 -11.3% -29.6% 4.6% 99.45%
2021 7.5% -6.0% 17.5% 1.38%
2020 5.3% -7.8% 15.0% 2.36%
2019 -3.6% -12.6% 4.2% 91.56%

NFMAX - Holdings

Concentration Analysis

NFMAX Category Low Category High NFMAX % Rank
Net Assets 5.1 M 620 K 287 B 99.61%
Number of Holdings 11 1 18180 97.74%
Net Assets in Top 10 11.8 M -812 M 23 B 90.60%
Weighting of Top 10 99.80% 2.5% 100.0% 0.33%

Top 10 Holdings

  1. iShares 1-3 Year Treasury Bond ETF 63.59%
  2. iShares 20+ Year Treasury Bond ETF 9.76%
  3. SPDR® Blmbg Barclays Intl Trs Bd ETF 6.95%
  4. iShares iBoxx $ Invmt Grade Corp Bd ETF 6.58%
  5. Invesco Senior Loan ETF 5.11%
  6. Invesco Emerging Markets Sov Debt ETF 4.36%
  7. iShares iBoxx $ High Yield Corp Bd ETF 2.35%
  8. SPDR® Blmbg Barclays Convert Secs ETF 0.83%
  9. iShares Convertible Bond ETF 0.28%

Asset Allocation

Weighting Return Low Return High NFMAX % Rank
Bonds 		96.81% 78.92% 199.79% 48.49%
Cash 		1.87% -128.23% 20.36% 56.82%
Convertible Bonds 		1.13% 0.00% 9.45% 27.46%
Preferred Stocks 		0.14% -0.14% 22.02% 8.44%
Stocks 		0.06% -0.34% 20.85% 5.85%
Other 		0.00% -9.40% 29.30% 74.23%

Stock Sector Breakdown

Weighting Return Low Return High NFMAX % Rank
Utilities 		78.52% 0.00% 100.00% 5.41%
Industrials 		13.07% 0.00% 100.00% 10.81%
Basic Materials 		4.83% 0.00% 100.00% 11.15%
Healthcare 		3.58% 0.00% 80.00% 32.77%
Technology 		0.00% 0.00% 94.23% 80.74%
Real Estate 		0.00% 0.00% 100.00% 81.42%
Financial Services 		0.00% 0.00% 100.00% 87.50%
Energy 		0.00% 0.00% 100.00% 88.85%
Communication Services 		0.00% 0.00% 100.00% 81.42%
Consumer Defense 		0.00% 0.00% 25.64% 79.73%
Consumer Cyclical 		0.00% 0.00% 100.00% 81.42%

Stock Geographic Breakdown

Weighting Return Low Return High NFMAX % Rank
US 		0.06% -2.86% 16.65% 5.10%
Non US 		0.00% -2.11% 4.20% 76.92%

Bond Sector Breakdown

Weighting Return Low Return High NFMAX % Rank
Government 		82.97% -2.21% 100.00% 4.74%
Corporate 		14.40% 0.00% 99.39% 46.34%
Cash & Equivalents 		2.63% -26.49% 69.70% 54.81%
Derivative 		0.00% -0.83% 19.30% 80.29%
Securitized 		0.00% 0.00% 97.53% 91.13%
Municipal 		0.00% 0.00% 100.11% 94.58%

Bond Geographic Breakdown

Weighting Return Low Return High NFMAX % Rank
US 		83.59% 49.78% 199.79% 76.27%
Non US 		13.22% -12.10% 39.65% 12.81%

NFMAX - Expenses

Operational Fees

NFMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.94% 0.01% 34.57% 5.15%
Management Fee 0.69% 0.00% 1.60% 98.60%
12b-1 Fee 0.25% 0.00% 1.00% 51.84%
Administrative Fee N/A 0.00% 0.50% 25.00%

Sales Fees

NFMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.50% 5.75% 1.89%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

NFMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 82.35%

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.

NFMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 148.00% 0.00% 496.90% 85.95%

NFMAX - Distributions

Dividend Yield Analysis

NFMAX Category Low Category High NFMAX % Rank
Dividend Yield 0.00% 0.00% 3.58% 77.57%

Dividend Distribution Analysis

NFMAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

NFMAX Category Low Category High NFMAX % Rank
Net Income Ratio 2.60% -0.81% 6.02% 42.25%

Capital Gain Distribution Analysis

NFMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

NFMAX - Fund Manager Analysis

Managers

Corey Hoffstein

Start Date

Tenure

Tenure Rank

Sep 08, 2014

5.9

5.9%

Corey is co-founder and Chief Investment Officer of Newfound. He researched and developed the firm’s flagship dynamic, volatility-adjusted momentum model. He is responsible for overseeing the Firm’s investment group and the ongoing management of the Firm’s strategies. Corey also takes an active role in the management of the Firm, directing business development and strategic growth initiatives. Corey holds a Master of Science in Computational Finance from Carnegie Mellon University and a Bachelor of Science in Computer Science, cum laude, from Cornell University.

Nathan Faber

Start Date

Tenure

Tenure Rank

Feb 03, 2019

1.49

1.5%

Nathan Faber is a Vice President of Investment Strategies and portfolio manager at the Newfound Research LLC. He is responsible for portfolio management and the ongoing research and development of new investment models and strategies. His award-winning research on investment management has been quoted by numerous publications. Prior to joining the team at Newfound in May 2013, he was a chemical engineer at URS (Dec 2008 – May 2013). Mr. Faber holds a Master of Science in Computational Finance from Carnegie Mellon University and graduated summa cum laude from Case Western Reserve University with a Bachelor of Science in Chemical Engineering and a minor in Mathematics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.69 7.47 0.58

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