Vivaldi Opportunities Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-15.3%
1 yr return
-15.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$67.9 M
Holdings in Top 10
26.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 282.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XVAMX - Profile
Distributions
- YTD Total Return -15.3%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVivaldi Opportunities Fund
-
Fund Family NameVivaldi Asset Management, LLC
-
Inception DateMay 10, 2018
-
Shares Outstanding5712102
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerScott Hergott
Fund Description
XVAMX - Performance
Return Ranking - Trailing
Period | XVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -15.3% | -31.2% | 792.0% | 97.14% |
1 Yr | -15.8% | -33.5% | 848.9% | 98.08% |
3 Yr | N/A* | -24.3% | 10.3% | N/A |
5 Yr | N/A* | -16.1% | 9.5% | N/A |
10 Yr | N/A* | -9.8% | 15.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | XVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -28.6% | 45.6% | 96.40% |
2022 | N/A | -93.5% | 10.9% | N/A |
2021 | N/A | -9.1% | 28.6% | N/A |
2020 | N/A | -43.7% | 13.8% | N/A |
2019 | N/A | -19.4% | 6.0% | N/A |
Total Return Ranking - Trailing
Period | XVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -15.3% | -31.2% | 792.0% | 97.14% |
1 Yr | -15.8% | -33.5% | 848.9% | 98.08% |
3 Yr | N/A* | -15.9% | 118.0% | N/A |
5 Yr | N/A* | -13.0% | 59.7% | N/A |
10 Yr | N/A* | -9.8% | 15.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | XVAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.9% | -13.8% | 45.6% | 96.51% |
2022 | N/A | -32.7% | 10.9% | N/A |
2021 | N/A | -6.7% | 28.6% | N/A |
2020 | N/A | -43.7% | 20.7% | N/A |
2019 | N/A | -14.9% | 8.0% | N/A |
XVAMX - Holdings
Concentration Analysis
XVAMX | Category Low | Category High | XVAMX % Rank | |
---|---|---|---|---|
Net Assets | 67.9 M | 2.08 M | 104 B | 85.05% |
Number of Holdings | 354 | 4 | 5122 | 28.62% |
Net Assets in Top 10 | 18.3 M | -720 M | 19.5 B | 85.09% |
Weighting of Top 10 | 26.60% | 5.7% | 362.0% | 79.93% |
Top 10 Holdings
- PIMCO Flexible Credit Income Inst 3.47%
- Palmer Square Opportunistic Income 3.45%
- Bailard Real Estate Lp 3.15%
- Walleye Opportunitie Lp 2.75%
- Shorebridge Point72 Lp 2.69%
- Pomona Investment Lp 2.65%
- Bj Services Term Loan 2.43%
- Linden Investors LP 2.06%
- Darling Ingredients Inc 2.04%
- Prologis Inc 1.90%
Asset Allocation
Weighting | Return Low | Return High | XVAMX % Rank | |
---|---|---|---|---|
Bonds | 55.26% | -285.12% | 120.33% | 17.65% |
Other | 29.56% | -10.60% | 73.94% | 1.43% |
Stocks | 17.59% | -3.01% | 79.93% | 95.61% |
Preferred Stocks | 1.54% | 0.00% | 38.96% | 8.99% |
Convertible Bonds | 0.64% | 0.00% | 65.60% | 30.92% |
Cash | -4.60% | -34.53% | 329.83% | 97.04% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XVAMX % Rank | |
---|---|---|---|---|
Financial Services | 16.05% | 0.00% | 33.22% | 18.04% |
Energy | 15.52% | 0.00% | 22.23% | 2.20% |
Technology | 14.60% | 0.00% | 88.31% | 70.52% |
Consumer Cyclical | 12.45% | 0.00% | 26.92% | 6.82% |
Healthcare | 10.94% | 0.00% | 50.47% | 79.65% |
Consumer Defense | 6.81% | 0.00% | 25.50% | 72.83% |
Basic Materials | 6.40% | 0.00% | 15.72% | 4.84% |
Real Estate | 6.04% | 0.00% | 80.86% | 37.62% |
Industrials | 6.02% | 0.00% | 22.11% | 93.73% |
Communication Services | 3.45% | 0.00% | 43.54% | 94.94% |
Utilities | 1.74% | 0.00% | 33.86% | 94.94% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XVAMX % Rank | |
---|---|---|---|---|
Non US | 11.10% | -1.22% | 54.58% | 78.07% |
US | 6.49% | -7.72% | 60.77% | 95.72% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XVAMX % Rank | |
---|---|---|---|---|
Securitized | 52.39% | 0.00% | 66.01% | 0.88% |
Corporate | 32.44% | 0.00% | 95.74% | 41.12% |
Cash & Equivalents | 5.88% | -32.60% | 100.00% | 88.05% |
Municipal | 3.24% | 0.00% | 31.37% | 9.43% |
Government | 3.08% | 0.00% | 88.46% | 94.19% |
Derivative | 2.98% | -0.67% | 45.00% | 22.92% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XVAMX % Rank | |
---|---|---|---|---|
US | 42.38% | -54.42% | 91.30% | 21.38% |
Non US | 12.88% | -351.11% | 63.41% | 19.63% |
XVAMX - Expenses
Operational Fees
XVAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.67% | 0.01% | 22.24% | 1.90% |
Management Fee | 1.72% | 0.00% | 1.95% | 98.69% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
XVAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
XVAMX 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.
XVAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 282.00% | 0.29% | 496.00% | 96.85% |
XVAMX - Distributions
Dividend Yield Analysis
XVAMX | Category Low | Category High | XVAMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.01% | 42.83% |
Dividend Distribution Analysis
XVAMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
XVAMX | Category Low | Category High | XVAMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.21% | -1.82% | 6.29% | 8.92% |
Capital Gain Distribution Analysis
XVAMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 12, 2019 | $0.119 | |
Mar 15, 2019 | $0.119 | |
Feb 15, 2019 | $0.118 | |
Dec 24, 2018 | $0.120 | |
Dec 14, 2018 | $0.119 | |
Nov 16, 2018 | $0.120 | |
Oct 12, 2018 | $0.123 | |
Sep 14, 2018 | $0.123 | |
Aug 10, 2018 | $0.123 |
XVAMX - Fund Manager Analysis
Managers
Scott Hergott
Start Date
Tenure
Tenure Rank
May 10, 2018
2.06
2.1%
At Vivaldi, Scott is the quarterback behind the due-diligence process and assessing whether a new strategy is suitable for the firm’s Investment Platform. Scott joined Vivaldi from Citadel in New York where he worked as a Derivatives Analyst focused on Risk Management inside their Surveyor group, a multi-manager long/short equity platform that managed $13 Billion. Scott is a seasoned investment professional with 25-years of experience analyzing and managing Fund of Hedge Fund portfolios and trading equity options on the floor of the Chicago Board Options Exchange.
Matthew Kennedy
Start Date
Tenure
Tenure Rank
May 10, 2018
2.06
2.1%
Matthew R. Kennedy, CFA is a Senior Portfolio Manager of Angel Oak Capital Advisors, LLC. Prior to joining the firm in 2016, Mr. Kennedy spent seven years as a portfolio manager with Rainier Investment Management, LLC, where he served as Director of Fixed Income Management. Mr. Kennedy began his investment career in 1995 at GE Financial Assurance, where he served as a Senior Analyst and made investment recommendations for investment grade, high yield, and private placement portfolios. From 1991 through 1994, he was a CPA and Auditor at Deloitte & Touche. Mr. Kennedy is a member of the CFA Institute and the Seattle Society of Financial Analysts. He holds the Chartered Financial Analyst designation. Mr. Kennedy received his Bachelor of Arts degree in Business Administration, with specializations in Finance and Accounting, from Washington State University.
Michael Peck
Start Date
Tenure
Tenure Rank
May 10, 2018
2.06
2.1%
Michael Peck is President and Co-Chief Investment Officer and responsible for all portfolio management as well as creating and implementing the strategic vision of the firm. Prior to Vivaldi, Michael was a Portfolio Manager at Coe Capital Management, a Chicago-based registered investment adviser and also a Financial Analyst and Risk Manager for Bond Companies. Michael graduated from Lehigh University with a Bachelor of Science in Accounting. He also holds a Masters in Finance and a Master’s in Business Administration in both Finance & Real Estate from DePaul University and is a Chartered Financial Analyst (CFA) charter holder.
Sreeniwas (Sreeni) Prabhu
Start Date
Tenure
Tenure Rank
May 10, 2018
2.06
2.1%
Sreeni is a co-founder, Managing Partner and Chief Investment Officer at Angel Oak Capital and is responsible for the overall investment strategy of the firm. Prior to Angel Oak, Sreeni was the Chief Investment Officer of the investment portfolio at Washington Mutual Bank in Seattle where he managed a $25 billion portfolio. He was also part of the macro asset strategy team at the bank. Sreeni previously worked for six years at SunTrust Bank in Atlanta, where he was responsible for investment strategies and served as Head Portfolio Manager for the $3 billion commercial mortgage-backed securities portfolio. He began his career at SunTrust in 1998 as a Bank Analyst focused on asset/liability management and liquidity strategies. Sreeni holds a B.B.A. degree in Economics from Georgia College and State University and an M.B.A. in Finance from Georgia State University.
Kyle Mowery
Start Date
Tenure
Tenure Rank
May 10, 2018
2.06
2.1%
Kyle Mowery is a Managing Partner, Portfolio Manager and Founder at GrizzlyRock Capital. With 13 years of investment experience, Kyle began his career at PAAMCO, a leading fund of hedge funds, where he served as an analyst. Subsequently, Kyle invested directly in high yield corporate securities at T.H. Lee Senior Credit Strategies, working on both primary issuances and secondary trade recommendations in private and public businesses. Afterward, Kyle joined BMO Capital Markets’ middle market leveraged finance team. As a generalist, Kyle and the team were responsible for investing bank capital; evaluating and managing funding with private companies across industries such as consumer, healthcare, industrial, and business services. Kyle founded GrizzlyRock Capital in 2012. Kyle holds an M.B.A from University of Chicago’s Booth School of Business with concentrations in in Finance, Accounting, and Entrepreneurship. Kyle’s undergraduate degree is a B.A. in Economics and with a minor in Political Science from UCLA.
Brian Murphy
Start Date
Tenure
Tenure Rank
May 10, 2018
2.06
2.1%
Mr. Brian Murphy joined Vivaldi in March 2014 as a Senior Research Analyst and currently serves as portfolio manager. Mr. Murphy was previously a Director at Voyager Management, LLC, a fund of hedge fund firm, from 2010 to 2014. Prior to Voyager Management, from 2009 to 2010, Mr. Murphy was Derivatives Product Specialist at Analytic Investors, specializing in quantitative derivative hedge fund strategies. Mr. Murphy was also a Senior Analyst at Iron Partners, LLC, a fund of hedge fund firm, from 2007 to 2009, where he was primarily responsible for covering hedged equity, equity trading, derivative and structured product services. Mr. Murphy graduated from Miami University with a Bachelor of Science in Finance.
Colin McBurnette
Start Date
Tenure
Tenure Rank
May 10, 2018
2.06
2.1%
Colin is a Senior Portfolio Manager at Angel Oak Capital and serves as a Portfolio Manager for the Multi-Strategy Income Fund, the UltraShort Income Fund, the Strategic Credit Fund, and the Strategic Mortgage Income Fund. He also focuses on security and portfolio analytics and is responsible for building and managing strategies within the residential mortgage-backed securities market. Colin joined Angel Oak in 2012, and serves as a voting member of the firm’s public funds Investment Committee. He is also a speaker on many of the firm’s quarterly calls for both its private and public funds. Prior to Angel Oak, Colin worked for Prodigus Capital Management where he was responsible for the acquisition and management of their distressed debt portfolio, as well as the development of their proprietary financial technology platform. Previously, Colin worked in the Real Estate Capital Markets group for Wachovia Bank and Wells Fargo where he focused on risk management for their commercial real estate REPO lines. Colin holds B.B.A. degrees in Banking & Finance and Real Estate from the Terry College of Business at the University of Georgia.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.43 | 6.14 | 0.41 |