Hundredfold Select Alternative Fund
Name
As of 03/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.5%
1 yr return
11.6%
3 Yr Avg Return
0.6%
5 Yr Avg Return
8.5%
Net Assets
$184 M
Holdings in Top 10
83.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.32%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SFHYX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 8.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.47%
- Dividend Yield 14.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHundredfold Select Alternative Fund
-
Fund Family NameQuantified Funds
-
Inception DateOct 03, 2011
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRalph Doudera
Fund Description
Hundredfold Advisors LLC (Hundredfold or the Subadviser) actively manages the Funds portfolio to invest primarily in any combination of equity and fixed-income securities based on market conditions and trends and the Subadvisers expectations and assessment of risks. Equity securities are common and preferred stocks. The term Alternative in the Funds name simply refers to the fact that the Subadviser may choose from among many investment alternatives and alternative strategies such as taking short exposure to an asset class. Although the Fund may invest directly in equity and fixed-income securities, it will primarily invest in such securities indirectly through securities that invest in or are a derivative of such securities, primarily including futures contracts, swap agreements, exchange-traded funds (ETFs), naked and covered options on such instruments, currencies, and other unaffiliated investment companies. The Subadviser may also select long or short commodity futures of any kind to seek to enhance returns or hedge economic risk related to the portfolio. It may also seek exposure to securities of foreign issuers including those in emerging markets. The Fund also may invest in depositary receipts, including sponsored and unsponsored American Depositary Receipts (ADRs), which are traded on exchanges and provide an alternative to investing directly in foreign securities. The Funds investments may also include securities issued by master limited partnerships (MLPs), provided that the Fund may not invest more than 10% of its net assets in such securities. The Fund may invest up to 15% of its total assets to indirectly gain exposure to Bitcoin, through shares of Grayscale® Bitcoin Trust, ProShares Bitcoin Strategy ETF, and Bitcoin futures contracts. The Fund does not make direct investments in Bitcoin. For purposes of this 15% limit, these investments are measured at market value and futures at notional value, respectively. Grayscale® Bitcoin Trust is a Delaware statutory trust that holds Bitcoin and issues common units of fractional undivided beneficial interest (shares) that trade in the over-the-counter market.
The Fund invests directly or indirectly in fixed-income securities without any restriction on maturity or creditworthiness, which primarily includes U.S. government securities, municipal securities, asset-backed debt securities, mortgaged-backed securities, floating notes and debt securities rated below investment grade, also known as junk bonds. The Fund invests in equity securities without restriction to any specific sector or market capitalization range. The Subadvisers investment decisions are based on a variety of trading models and an analysis of the overall investment opportunities and risks among categories or sectors of equity and fixed-income securities or investment vehicles that represent pools of such securities, such as major market indices, investment companies and ETFs. The Subadvisers strategy does not involve fundamental research and analysis of individual securities. The Fund is a diversified fund, meaning that the Fund is limited in the proportion of its assets that may be invested in the securities of a single issuer and may cause the Fund to benefit less from appreciation in a single issuer than if it had greater exposure to that issuer. The Fund employs an aggressive management strategy that typically results in high portfolio turnover.
The Subadviser employs an investment strategy that alternates between positions designed to profit from market trends, such as entering into long and short positions, directly or indirectly through ETFs, other investment companies and derivatives of equity and fixed-income securities and investing in cash or cash equivalents as a defensive measure. The Subadviser seeks to take long positions prior to or at the outset of upward trends in prices and seeks to take short positions prior to or early in downward trends in prices. The Fund does not set a limit on the amount of the Funds assets long or short that may be invested in derivative instruments or used to cover short positions. However, margin requirements and government regulations will constrain the use of derivative instruments and short positions. The Subadviser may reposition the Funds portfolio in response to market movements in an attempt to participate in a developing trend and may attempt to anticipate market moves and initiate appropriate action in advance of actual market trends. The Subadviser will employ leveraged investment techniques, such as futures, which allow the Fund to increase its exposure to the market during times when the Subadviser anticipates a strong market trend. The low margin deposits normally required in trading derivatives, including futures contracts, permit a high degree of leverage. The Subadviser also may employ hedging strategies designed to reduce volatility and risk.
The Fund expects to gain exposure to the commodities market and Bitcoin indirectly by investing up to 25% of its total assets (measured at the time of investment) in a wholly owned and controlled subsidiary (the Subsidiary), which is designed to enhance the ability of the Fund to obtain indirect exposure to both the commodities market and Bitcoin consistent with the limits of the U.S. federal tax law requirements applicable to registered investment companies. Unlike the Fund, the Subsidiary may invest without limitation indirectly in commodity-linked derivatives or Bitcoin-linked investments, however, the Subsidiary will comply with the same Investment Company Act of 1940, as amended (the 1940 Act) asset coverage requirements, when viewed on a consolidated basis with the Fund, with respect to its investments in derivatives. The Subsidiary will comply with the 15% Bitcoin limits described above, when viewed on a consolidated basis with the Fund.
SFHYX - Performance
Return Ranking - Trailing
Period | SFHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -0.9% | 18.0% | 90.31% |
1 Yr | 11.6% | -2.9% | 76.2% | 53.10% |
3 Yr | 0.6%* | -22.2% | 11.1% | 68.00% |
5 Yr | 8.5%* | -11.3% | 21.1% | 10.53% |
10 Yr | 6.2%* | -4.7% | 9.9% | 11.59% |
* Annualized
Return Ranking - Calendar
Period | SFHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.0% | -18.9% | 60.2% | 59.03% |
2022 | -13.9% | -48.5% | 0.1% | 26.43% |
2021 | -1.9% | -19.0% | 48.3% | 74.34% |
2020 | 19.7% | -16.5% | 52.8% | 12.09% |
2019 | 4.1% | -8.5% | 27.3% | 85.71% |
Total Return Ranking - Trailing
Period | SFHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -0.9% | 18.0% | 90.31% |
1 Yr | 11.6% | -2.9% | 76.2% | 53.10% |
3 Yr | 0.6%* | -22.2% | 11.1% | 68.00% |
5 Yr | 8.5%* | -11.3% | 21.1% | 10.53% |
10 Yr | 6.2%* | -4.7% | 9.9% | 11.59% |
* Annualized
Total Return Ranking - Calendar
Period | SFHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.8% | -11.7% | 61.8% | 49.78% |
2022 | -10.3% | -48.5% | 4.6% | 26.43% |
2021 | 6.4% | -14.2% | 48.3% | 78.76% |
2020 | 37.4% | -11.7% | 77.4% | 3.72% |
2019 | 9.3% | -3.9% | 30.2% | 80.00% |
NAV & Total Return History
SFHYX - Holdings
Concentration Analysis
SFHYX | Category Low | Category High | SFHYX % Rank | |
---|---|---|---|---|
Net Assets | 184 M | 1.67 M | 13.2 B | 52.84% |
Number of Holdings | 22 | 2 | 1954 | 72.05% |
Net Assets in Top 10 | 148 M | 1.26 M | 10.4 B | 43.23% |
Weighting of Top 10 | 83.93% | 0.4% | 149.2% | 34.93% |
Top 10 Holdings
- BLRK-H/Y MUNI-K 10.20%
- CS-PR SEC I-F 9.98%
- AMER FNDS HI-INC TRST-F3 9.93%
- LA-S/D H/Y-I 9.92%
- JPM-PREF INC-R6 9.91%
- SEI-HI YLD BD-Y 9.89%
- B 02/01/24 9.24%
- FID-MM GOVT-I 6.11%
- HOLBROOK INCOME FUND-I 6.10%
- FRST AM-GV OB-X 2.66%
Asset Allocation
Weighting | Return Low | Return High | SFHYX % Rank | |
---|---|---|---|---|
Stocks | 65.92% | 0.00% | 137.56% | 63.76% |
Cash | 23.09% | -33.22% | 99.05% | 25.33% |
Bonds | 9.24% | 0.00% | 106.59% | 33.62% |
Other | 0.53% | -29.71% | 128.17% | 18.34% |
Convertible Bonds | 0.51% | 0.00% | 8.92% | 28.38% |
Preferred Stocks | 0.00% | 0.00% | 5.36% | 82.97% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SFHYX % Rank | |
---|---|---|---|---|
Real Estate | 97.04% | 0.00% | 99.45% | 5.13% |
Financial Services | 2.84% | 0.00% | 98.22% | 86.15% |
Industrials | 0.12% | 0.00% | 23.85% | 93.33% |
Utilities | 0.00% | 0.00% | 91.12% | 97.95% |
Technology | 0.00% | 0.00% | 85.77% | 98.97% |
Healthcare | 0.00% | 0.00% | 38.63% | 98.46% |
Energy | 0.00% | 0.00% | 60.89% | 98.97% |
Communication Services | 0.00% | 0.00% | 21.61% | 98.97% |
Consumer Defense | 0.00% | 0.00% | 37.51% | 98.46% |
Consumer Cyclical | 0.00% | 0.00% | 25.83% | 100.00% |
Basic Materials | 0.00% | 0.00% | 56.73% | 98.97% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SFHYX % Rank | |
---|---|---|---|---|
US | 65.92% | 0.00% | 137.56% | 60.26% |
Non US | 0.00% | -1.94% | 41.50% | 83.84% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SFHYX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 8.77% | 0.00% | 93.38% | 31.44% |
Securitized | 5.18% | 0.00% | 52.99% | 24.02% |
Corporate | 1.69% | 0.00% | 98.28% | 58.52% |
Derivative | 0.53% | -15.09% | 128.17% | 17.90% |
Government | 0.46% | 0.00% | 99.78% | 79.91% |
Municipal | 0.04% | 0.00% | 19.13% | 30.57% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SFHYX % Rank | |
---|---|---|---|---|
US | 9.24% | 0.00% | 92.67% | 32.31% |
Non US | 0.00% | 0.00% | 27.25% | 84.28% |
SFHYX - Expenses
Operational Fees
SFHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.32% | 0.49% | 5.69% | 22.27% |
Management Fee | 1.00% | 0.00% | 1.50% | 80.79% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 95.36% |
Administrative Fee | N/A | 0.05% | 0.70% | 98.81% |
Sales Fees
SFHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
SFHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
SFHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.75% | 441.00% | 94.97% |
SFHYX - Distributions
Dividend Yield Analysis
SFHYX | Category Low | Category High | SFHYX % Rank | |
---|---|---|---|---|
Dividend Yield | 14.45% | 0.00% | 24.73% | 6.55% |
Dividend Distribution Analysis
SFHYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
SFHYX | Category Low | Category High | SFHYX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.47% | -2.01% | 13.72% | 74.24% |
Capital Gain Distribution Analysis
SFHYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.823 | OrdinaryDividend |
Oct 17, 2023 | $0.201 | OrdinaryDividend |
Jul 18, 2023 | $0.024 | OrdinaryDividend |
Dec 30, 2022 | $0.388 | OrdinaryDividend |
Oct 17, 2022 | $0.518 | OrdinaryDividend |
Oct 15, 2021 | $0.009 | OrdinaryDividend |
Dec 27, 2019 | $0.547 | OrdinaryDividend |
Nov 05, 2019 | $0.343 | OrdinaryDividend |
Oct 15, 2019 | $0.070 | OrdinaryDividend |
Jul 15, 2019 | $0.037 | OrdinaryDividend |
Apr 15, 2019 | $0.053 | OrdinaryDividend |
Oct 15, 2018 | $0.002 | OrdinaryDividend |
Jul 16, 2018 | $0.008 | OrdinaryDividend |
Apr 16, 2018 | $0.044 | OrdinaryDividend |
Oct 16, 2017 | $0.008 | OrdinaryDividend |
Jul 14, 2017 | $0.037 | OrdinaryDividend |
Apr 20, 2017 | $0.109 | OrdinaryDividend |
Nov 15, 2016 | $0.635 | ExtraDividend |
Dec 29, 2015 | $0.050 | OrdinaryDividend |
Oct 15, 2013 | $0.010 | OrdinaryDividend |
Jul 15, 2013 | $0.050 | OrdinaryDividend |
Apr 16, 2013 | $0.192 | OrdinaryDividend |
Oct 15, 2012 | $0.139 | OrdinaryDividend |
Jul 16, 2012 | $0.005 | OrdinaryDividend |
Apr 16, 2012 | $0.070 | OrdinaryDividend |
Dec 28, 2011 | $0.216 | OrdinaryDividend |
Oct 17, 2011 | $0.036 | OrdinaryDividend |
SFHYX - Fund Manager Analysis
Managers
Ralph Doudera
Start Date
Tenure
Tenure Rank
Sep 01, 2004
17.76
17.8%
Ralph Doudera is the CEO of Spectrum Financial, Inc., a Registered Investment Advisory firm that is responsible for investing hundreds of millions of dollars of client assets. Over the past 25 years Spectrum’s investment and trading philosophy has strived to consistently provide above average investment returns while minimizing downside losses. He is also an investment strategist to Hundredfold Advisors, managing two mutual funds. Mr. Doudera has a Bachelor’s Degree in Mechanical Engineering and a Master’s Degree in Management and Finance from New Jersey Institute of Technology. He has also received a Master’s Degree in Biblical Studies from Regent University. He founded Simply Distribute Foundation, which contributes to organizations promoting microfinance, supporting third world children hospitals, building orphanages and churches, and evangelism. He believes this is the best way to make positive changes in this world. Ralph has five grown children, two stepdaughters, and eight grandchildren. His activities are diverse, from auto racing to composing music and playing the piano on his Church worship team. He also enjoys surfing in Costa Rica where he currently owns the beachfront Casa Cecilia Hotel in St. Teresa, Costa Rica. His first book, Wealth Conundrum, is now in its third printing, and it addresses the puzzles of wealth from a Biblical perspective. It is also available in Korean, and Arabic versions.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.83 | 6.59 | 13.0 |