AAACX: A3 Alternative Income Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.47

-

6.95%

$0.66

3.21%

Vitals

YTD Return

-6.1%

1 yr return

-2.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$N/A

Holdings in Top 10

37.1%

52 WEEK LOW AND HIGH

$9.47
$9.42
$10.74

Expenses

OPERATING FEES

Expense Ratio 3.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund

Investment Style

Multisector Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.47

-

6.95%

$0.66

3.21%

AAACX - 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 N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 6.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    A3 Alternative Income Fund
  • Fund Family Name
    A3 Financial Investments
  • Inception Date
    Sep 30, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gregg Bell

Fund Description

The advisor expects to invest primarily in income-generating assets and will seek the best available risk-adjusted opportunities in fixed income that offer the potential for both stable, regular cash flows and price appreciation. The fund will invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes), in Credit Investments. It is non-diversified.


AAACX - Performance

Return Ranking - Trailing

Period AAACX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -25.0% 23.4% 96.37%
1 Yr -2.7% -30.0% 49.9% 98.68%
3 Yr N/A* -10.6% 11.7% N/A
5 Yr N/A* -14.4% 13.9% N/A
10 Yr N/A* -1.4% 14.0% N/A

* Annualized

Return Ranking - Calendar

Period AAACX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.0% -49.2% 314.3% 70.06%
2019 N/A -35.1% 16.7% N/A
2018 N/A -48.0% 3.4% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 12.8% N/A

Total Return Ranking - Trailing

Period AAACX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -25.0% 23.2% 96.36%
1 Yr -2.7% -34.1% 49.9% 97.43%
3 Yr N/A* -12.3% 13.0% N/A
5 Yr N/A* -15.4% 13.9% N/A
10 Yr N/A* -1.4% 14.0% N/A

* Annualized

Total Return Ranking - Calendar

Period AAACX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.0% -49.2% 314.3% 70.06%
2019 N/A -35.1% 16.7% N/A
2018 N/A -48.0% 8.0% N/A
2017 N/A -14.8% 15.2% N/A
2016 N/A -11.2% 17.7% N/A

NAV & Total Return History


AAACX - Holdings

Concentration Analysis

AAACX Category Low Category High AAACX % Rank
Net Assets N/A 10 143 B N/A
Number of Holdings 69 3 7887 79.70%
Net Assets in Top 10 4.25 M -8.09 B 6.07 B 85.09%
Weighting of Top 10 37.06% 4.1% 100.0% 38.24%

Top 10 Holdings

  1. Oxford Lane Capital Corp 5.04%
  2. FS KKR Capital Corp 4.98%
  3. Apollo Investment Corp 4.49%
  4. Government National Mortgage Association 2.07% 3.93%
  5. Government National Mortgage Association 2.07% 3.91%
  6. Government National Mortgage Association 2.34% 3.88%
  7. Pennant Park Investment Corp 3.86%
  8. Government National Mortgage Association 0.48% 3.69%
  9. Government National Mortgage Association 2.64% 3.59%
  10. Eagle Point Credit Co LLC 3.53%

Asset Allocation

Weighting Return Low Return High AAACX % Rank
Bonds
75.17% -169.75% 217.61% 78.95%
Stocks
23.55% -54.77% 182.84% 1.38%
Cash
3.78% -152.64% 281.06% 63.53%
Preferred Stocks
2.04% 0.00% 32.58% 15.41%
Convertible Bonds
0.00% 0.00% 129.09% 89.47%
Other
-4.54% -39.52% 104.83% 97.24%

Stock Sector Breakdown

Weighting Return Low Return High AAACX % Rank
Financial Services
78.39% 0.00% 100.00% 6.22%
Real Estate
21.60% 0.00% 100.00% 12.43%
Industrials
0.01% 0.00% 100.00% 55.58%
Utilities
0.00% 0.00% 100.00% 59.41%
Technology
0.00% 0.00% 100.00% 54.11%
Healthcare
0.00% 0.00% 100.00% 54.66%
Energy
0.00% 0.00% 100.00% 82.63%
Communication Services
0.00% 0.00% 100.00% 66.91%
Consumer Defense
0.00% 0.00% 100.00% 54.11%
Consumer Cyclical
0.00% 0.00% 100.00% 65.27%
Basic Materials
0.00% 0.00% 47.08% 60.33%

Stock Geographic Breakdown

Weighting Return Low Return High AAACX % Rank
US
23.55% -50.06% 182.84% 0.75%
Non US
0.00% -4.71% 33.97% 56.27%

Bond Sector Breakdown

Weighting Return Low Return High AAACX % Rank
Securitized
88.76% 0.00% 99.25% 2.76%
Corporate
4.77% 0.00% 100.00% 89.10%
Cash & Equivalents
4.52% 0.00% 100.00% 69.80%
Government
1.95% 0.00% 99.48% 75.69%
Derivative
0.00% 0.00% 58.05% 69.80%
Municipal
0.00% 0.00% 54.18% 54.14%

Bond Geographic Breakdown

Weighting Return Low Return High AAACX % Rank
US
63.61% -170.06% 209.58% 48.37%
Non US
11.56% 0.00% 126.35% 76.32%

AAACX - Expenses

Operational Fees

AAACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.21% 0.02% 5.53% 2.62%
Management Fee 1.50% 0.00% 2.25% 93.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

AAACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AAACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

AAACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 498.00% N/A

AAACX - Distributions

Dividend Yield Analysis

AAACX Category Low Category High AAACX % Rank
Dividend Yield 6.95% 0.00% 3.36% 39.39%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AAACX Category Low Category High AAACX % Rank
Net Income Ratio N/A -1.31% 11.44% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AAACX - Fund Manager Analysis

Managers

Gregg Bell


Start Date

Tenure

Tenure Rank

Sep 30, 2019

1.92

1.9%

Mr. Bell is a partner of A3 Financial Investments, LLC. Prior to co-founding A3 Financial Investments, LLC in 2019, Gregg was the Chief Investment Officer of SALT Blockchain Asset Management. He has invested in credit across a variety of niche industries since 2006, working at two multi-billion dollar credit & structured product hedge funds. As a structured credit analyst and trader at Arrowpoint Asset Management, Mr. Bell was responsible for asset backed securities trading activity. He has participated in hundreds of structured credit securitizations throughout his career, acting in an investment banking capacity, as well as underwriter, structurer and trader. While at the Royal Bank of Scotland, he developed the agency reverse mortgage structuring and trading business line. Mr. Bell began his career at Silver Point Capital where his responsibilities included allocating investments across multiple collateralized loan obligations and financing vehicles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 27.68 5.4 2.45