A3 Alternative Income Fund - Alpha Alternative Assets Fd. USD
Fund
AAACX
Price as of:
$6.32
- $0.00
- 0.00%
Primary Theme
fund company
Name
As of 08/15/2023Price
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
Vitals
YTD Return
0.3%
1 yr return
-0.9%
3 Yr Avg Return
-8.2%
5 Yr Avg Return
N/A
Net Assets
$N/A
Holdings in Top 10
55.3%
52 WEEK LOW AND HIGH
$6.3
$6.29
$6.55
Expenses
OPERATING FEES
Expense Ratio 5.66%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 132.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 08/15/2023Price
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
AAACX - Profile
Distributions
- YTD Total Return 0.3%
- 3 Yr Annualized Total Return -8.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.95%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameA3 Alternative Income Fund - Alpha Alternative Assets Fd. USD
-
Fund Family NameA3 Financial Investments
-
Inception DateOct 08, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGregg Bell
Fund Description
AAACX - Performance
Return Ranking - Trailing
| Period | AAACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -12.7% | 9.3% | 40.03% |
| 1 Yr | -0.9% | -9.6% | 26.8% | 94.44% |
| 3 Yr | -8.2%* | -17.6% | 17.9% | 97.24% |
| 5 Yr | N/A* | -13.4% | 14.7% | N/A |
| 10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | AAACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -3.9% | -12.0% | 15.7% | 96.30% |
| 2022 | -23.7% | -31.8% | 18.4% | 97.31% |
| 2021 | -16.2% | -26.6% | 25.7% | 99.84% |
| 2020 | -1.0% | -49.2% | 18.7% | 71.99% |
| 2019 | N/A | -35.1% | 15.3% | N/A |
Total Return Ranking - Trailing
| Period | AAACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.3% | -12.7% | 9.3% | 40.03% |
| 1 Yr | -0.9% | -9.6% | 26.8% | 94.44% |
| 3 Yr | -8.2%* | -17.6% | 17.9% | 97.24% |
| 5 Yr | N/A* | -13.4% | 14.7% | N/A |
| 10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | AAACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.7% | -7.0% | 22.2% | 95.06% |
| 2022 | -18.9% | -31.8% | 21.1% | 96.36% |
| 2021 | -6.2% | -13.5% | 49.9% | 98.37% |
| 2020 | 4.9% | -28.6% | 24.1% | 56.74% |
| 2019 | N/A | -4.8% | 19.1% | N/A |
NAV & Total Return History
AAACX - Holdings
Concentration Analysis
| AAACX | Category Low | Category High | AAACX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 2.53 M | 143 B | N/A |
| Number of Holdings | 62 | 4 | 9868 | 88.43% |
| Net Assets in Top 10 | 5.63 M | -1.57 B | 65.8 B | 96.80% |
| Weighting of Top 10 | 55.33% | 0.7% | 170.6% | 21.36% |
Top 10 Holdings
- Fidelity® Inv MM Fds Government I 20.88%
- Ares Capital Corp 6.27%
- Owl Rock Capital Corp Ordinary Shares 5.71%
- Oxford Lane Capital Corp 5.04%
- Pennant Park Investment Corp 5.01%
- FS KKR Capital Corp 4.98%
- Apollo Investment Corp 4.49%
- Eagle Point Credit Co LLC 4.11%
- Government National Mortgage Association 2.07% 3.91%
- Government National Mortgage Association 2.34% 3.88%
Asset Allocation
| Weighting | Return Low | Return High | AAACX % Rank | |
|---|---|---|---|---|
| Bonds | 57.59% | -150.81% | 203.29% | 84.02% |
| Stocks | 23.71% | -1.60% | 99.88% | 11.57% |
| Cash | 21.02% | -94.66% | 258.91% | 9.28% |
| Preferred Stocks | 2.52% | 0.00% | 30.46% | 5.78% |
| Convertible Bonds | 0.00% | 0.00% | 33.50% | 88.44% |
| Other | -4.83% | -62.91% | 100.00% | 94.22% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AAACX % Rank | |
|---|---|---|---|---|
| Financial Services | 71.64% | 0.00% | 100.00% | 9.83% |
| Real Estate | 18.44% | 0.00% | 100.00% | 14.33% |
| Energy | 9.91% | 0.00% | 100.00% | 48.03% |
| Utilities | 0.00% | 0.00% | 100.00% | 61.80% |
| Technology | 0.00% | 0.00% | 28.30% | 54.49% |
| Industrials | 0.00% | 0.00% | 100.00% | 67.42% |
| Healthcare | 0.00% | 0.00% | 18.60% | 55.06% |
| Communication Services | 0.00% | 0.00% | 100.00% | 61.52% |
| Consumer Defense | 0.00% | 0.00% | 99.97% | 55.62% |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | 63.48% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 56.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AAACX % Rank | |
|---|---|---|---|---|
| US | 23.71% | -1.47% | 99.88% | 11.57% |
| Non US | 0.00% | -0.13% | 17.73% | 40.94% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | AAACX % Rank | |
|---|---|---|---|---|
| Securitized | 69.37% | 0.00% | 99.65% | 7.85% |
| Cash & Equivalents | 25.94% | 0.00% | 88.14% | 6.87% |
| Corporate | 4.68% | 0.00% | 96.66% | 89.17% |
| Derivative | 0.00% | -62.91% | 37.37% | 49.47% |
| Municipal | 0.00% | 0.00% | 54.26% | 54.00% |
| Government | 0.00% | 0.00% | 99.43% | 89.01% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | AAACX % Rank | |
|---|---|---|---|---|
| US | 53.75% | -151.11% | 203.29% | 74.43% |
| Non US | 3.84% | 0.00% | 67.77% | 43.07% |
AAACX - Expenses
Operational Fees
| AAACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 5.66% | 0.01% | 20.67% | 0.91% |
| Management Fee | 1.50% | 0.00% | 2.29% | 94.26% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.70% | 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% | 5.00% | N/A |
Trading Fees
| AAACX 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.
| AAACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 132.00% | 0.00% | 632.00% | 77.76% |
AAACX - Distributions
Dividend Yield Analysis
| AAACX | Category Low | Category High | AAACX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 23.30% | 74.36% |
Dividend Distribution Analysis
| AAACX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| AAACX | Category Low | Category High | AAACX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.95% | -1.55% | 11.51% | 9.74% |
Capital Gain Distribution Analysis
| AAACX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.032 | OrdinaryDividend |
| Sep 28, 2023 | $0.079 | OrdinaryDividend |
| Jun 29, 2023 | $0.142 | OrdinaryDividend |
| Mar 30, 2023 | $0.127 | OrdinaryDividend |
| Dec 29, 2022 | $0.111 | OrdinaryDividend |
| Sep 29, 2022 | $0.036 | OrdinaryDividend |
| Jun 29, 2022 | $0.124 | OrdinaryDividend |
| Mar 30, 2022 | $0.142 | OrdinaryDividend |
| Dec 30, 2021 | $0.695 | OrdinaryDividend |
| Sep 29, 2021 | $0.108 | OrdinaryDividend |
| Jun 29, 2021 | $0.165 | OrdinaryDividend |
| Mar 30, 2021 | $0.049 | OrdinaryDividend |
| Dec 30, 2020 | $0.175 | OrdinaryDividend |
| Sep 29, 2020 | $0.130 | OrdinaryDividend |
| Jun 25, 2020 | $0.161 | OrdinaryDividend |
| Mar 26, 2020 | $0.126 | OrdinaryDividend |
| Dec 19, 2019 | $0.171 | OrdinaryDividend |
AAACX - Fund Manager Analysis
Managers
Gregg Bell
Start Date
Tenure
Tenure Rank
Sep 30, 2019
2.67
2.7%
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 | 28.19 | 5.72 | 3.19 |