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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

Steben Managed Futures Strategy Fund

SKLAX |

-

$59.3 M

-

2.24%

Vitals

YTD Return

1.0%

1 yr return

1.8%

3 Yr Avg Return

-4.0%

5 Yr Avg Return

-5.5%

Net Assets

$59.3 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.24%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 19.02%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

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

Steben Managed Futures Strategy Fund

SKLAX |

-

$59.3 M

-

2.24%

SKLAX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return -4.0%
  • 5 Yr Annualized Total Return -5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Steben Managed Futures Strategy Fund
  • Fund Family Name
    Steben & Company
  • Inception Date
    Apr 01, 2014
  • Shares Outstanding
    196434
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

SKLAX - Performance

Return Ranking - Trailing

Period SKLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -64.9% 866.0% 30.70%
1 Yr 1.8% -70.4% 906.3% 26.27%
3 Yr -4.0%* -33.6% 50.0% 61.97%
5 Yr -5.5%* -36.3% 41.2% 85.17%
10 Yr N/A* -14.8% 33.0% N/A

* Annualized

Return Ranking - Calendar

Period SKLAX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.3% -58.1% 80.6% 84.05%
2022 -5.8% -93.5% 23.6% 27.09%
2021 -5.6% -55.3% 69.8% 94.06%
2020 5.4% -34.8% 68.2% 46.67%
2019 -17.0% -40.3% 22.5% 88.58%

Total Return Ranking - Trailing

Period SKLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -64.9% 866.0% 30.70%
1 Yr 1.8% -70.4% 906.3% 26.27%
3 Yr -4.0%* -33.6% 122.8% 73.94%
5 Yr -5.5%* -36.3% 66.5% 90.43%
10 Yr N/A* -14.8% 33.0% N/A

* Annualized

Total Return Ranking - Calendar

Period SKLAX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.3% -58.1% 80.6% 84.21%
2022 -5.8% -53.1% 23.6% 33.02%
2021 -5.6% -55.3% 69.8% 94.47%
2020 5.4% -34.8% 70.7% 56.09%
2019 -17.0% -38.0% 30.8% 93.15%

SKLAX - Holdings

Concentration Analysis

SKLAX Category Low Category High SKLAX % Rank
Net Assets 59.3 M 92.3 K 15.3 B 56.41%
Number of Holdings 137 1 1315 25.77%
Net Assets in Top 10 -3.64 M -82 M 4.21 B 96.76%
Weighting of Top 10 N/A 3.7% 100.0% 0.44%

Top 10 Holdings

  1. Gold 100 oz Dec19 614.74%
  2. Corn Dec19 445.33%
  3. Copper Dec19 244.59%
  4. Lme Copper Future Dec19 217.17%
  5. Lme Pri Alum Futr Dec19 180.30%
  6. Sugar No. 11 Futures Feb20 174.71%
  7. Cotton No. 2 Future Dec19 173.10%
  8. Soybean Nov19 163.29%
  9. Brent Crude Futures Oct19 157.37%
  10. Lme Nickel Future Dec19 135.97%

Asset Allocation

Weighting Return Low Return High SKLAX % Rank
Cash 		1041.68% -0.17% 1041.68% 0.46%
Preferred Stocks 		0.00% 0.00% 18.93% 54.01%
Convertible Bonds 		0.00% 0.00% 10.56% 58.02%
Bonds 		0.00% -332.80% 45.33% 61.27%
Stocks 		-46.11% -169.40% 100.14% 99.38%
Other 		-895.56% -895.56% 38.46% 99.85%

Stock Sector Breakdown

Weighting Return Low Return High SKLAX % Rank
Technology 		20.44% 0.00% 99.85% 36.04%
Financial Services 		16.83% 0.00% 100.00% 25.97%
Consumer Cyclical 		13.24% 0.00% 59.77% 30.68%
Healthcare 		11.39% 0.00% 100.00% 60.88%
Industrials 		9.92% 0.00% 70.69% 48.05%
Basic Materials 		7.46% 0.00% 72.60% 11.53%
Consumer Defense 		6.80% 0.00% 69.13% 41.56%
Energy 		3.86% 0.00% 100.00% 33.28%
Real Estate 		3.57% 0.00% 100.00% 33.44%
Communication Services 		3.55% 0.00% 100.00% 78.25%
Utilities 		2.94% 0.00% 99.08% 44.32%

Stock Geographic Breakdown

Weighting Return Low Return High SKLAX % Rank
US 		2.64% -162.68% 79.97% 86.88%
Non US 		-48.75% -48.75% 65.94% 99.85%

SKLAX - Expenses

Operational Fees

SKLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.24% 0.08% 45.48% 40.06%
Management Fee 1.75% 0.00% 2.94% 96.61%
12b-1 Fee 0.25% 0.00% 1.00% 39.46%
Administrative Fee 0.24% 0.03% 1.47% 84.18%

Sales Fees

SKLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 20.19%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SKLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

SKLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.02% 0.00% 496.00% 23.24%

SKLAX - Distributions

Dividend Yield Analysis

SKLAX Category Low Category High SKLAX % Rank
Dividend Yield 0.00% 0.00% 11.31% 46.07%

Dividend Distribution Analysis

SKLAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

SKLAX Category Low Category High SKLAX % Rank
Net Income Ratio 0.46% -4.31% 6.50% 46.61%

Capital Gain Distribution Analysis

SKLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SKLAX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 41.69 7.03 2.67

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