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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

Avenue Credit Strategies Fund

ACSAX |

-

$849 M

-

2.53%

Vitals

YTD Return

N/A

1 yr return

-4.2%

3 Yr Avg Return

-4.1%

5 Yr Avg Return

-1.2%

Net Assets

$849 M

Holdings in Top 10

21.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 115.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$5,000

IRA

$5,000

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

Avenue Credit Strategies Fund

ACSAX |

-

$849 M

-

2.53%

ACSAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return -4.1%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Avenue Credit Strategies Fund
  • Fund Family Name
    Avenue Capital Group
  • Inception Date
    Jun 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey J. Gary

ACSAX - Performance

Return Ranking - Trailing

Period ACSAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -9.3% 23.9% N/A
1 Yr -4.2% -9.4% 5.6% N/A
3 Yr -4.1%* -6.5% 8.5% N/A
5 Yr -1.2%* -8.6% 2.2% N/A
10 Yr N/A* -13.4% 4.4% N/A

* Annualized

Return Ranking - Calendar

Period ACSAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -23.1% -0.4% N/A
2022 N/A -9.5% 28.5% N/A
2021 N/A -14.4% 28.6% N/A
2020 N/A -34.3% 1.0% N/A
2019 N/A -23.1% 27.7% N/A

Total Return Ranking - Trailing

Period ACSAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -9.3% 23.9% N/A
1 Yr -4.2% -9.4% 6.8% N/A
3 Yr -4.1%* -6.5% 11.2% N/A
5 Yr -1.2%* -7.8% 6.2% N/A
10 Yr N/A* -13.4% 8.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ACSAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -23.1% 1.3% N/A
2022 N/A -4.9% 36.8% N/A
2021 N/A -14.4% 39.0% N/A
2020 N/A -28.3% 4.3% N/A
2019 N/A -21.8% 27.7% N/A

ACSAX - Holdings

Concentration Analysis

ACSAX Category Low Category High ACSAX % Rank
Net Assets 849 M 1.02 M 25 B N/A
Number of Holdings 198 6 1547 N/A
Net Assets in Top 10 358 M -1.5 M 3.71 B N/A
Weighting of Top 10 21.81% 5.1% 99.6% N/A

Top 10 Holdings

  1. Engy Future Inter Hldg Co Ll 144A 11.25% 2.73%
  2. Neff Rental Llc 2.57%
  3. Inventiv Health 144A 10% 2.48%
  4. Harrahs Oper 11.25% 2.40%
  5. Accellent Inc 2.14%
  6. Img Worldwide Inc 2.13%
  7. Bway Hldg Company 144A 9.125% 2.08%
  8. Stackpole Intl Inter Co S A 144A 7.75% 1.80%
  9. Ap Nmt Acquisition B V 1.78%
  10. Brakes Cap 7.125% 1.71%

Asset Allocation

Weighting Return Low Return High ACSAX % Rank
Bonds 		78.10% -17.48% 100.06% N/A
Cash 		12.23% -3.02% 117.48% N/A
Other 		6.13% -1.24% 11.36% N/A
Stocks 		2.35% -0.44% 99.77% N/A
Convertible Bonds 		1.18% 0.00% 11.82% N/A
Preferred Stocks 		0.00% 0.00% 11.13% N/A

Stock Sector Breakdown

Weighting Return Low Return High ACSAX % Rank
Consumer Cyclical 		0.71% -0.14% 15.44% N/A
Utilities 		0.00% -0.04% 1.62% N/A
Technology 		0.00% -0.17% 30.62% N/A
Real Estate 		0.00% -0.03% 3.03% N/A
Industrials 		0.00% 0.00% 13.99% N/A
Healthcare 		0.00% 0.00% 14.35% N/A
Financial Services 		0.00% -0.03% 17.51% N/A
Energy 		0.00% -0.06% 2.74% N/A
Communication Services 		0.00% -0.04% 2.00% N/A
Consumer Defense 		0.00% -0.09% 4.47% N/A
Basic Materials 		0.00% 0.00% 1.36% N/A

Stock Geographic Breakdown

Weighting Return Low Return High ACSAX % Rank
US 		2.23% -0.43% 50.95% N/A
Non US 		0.12% -0.01% 48.82% N/A

Bond Sector Breakdown

Weighting Return Low Return High ACSAX % Rank
Corporate 		75.76% 0.00% 100.08% N/A
Cash & Equivalents 		12.23% -1.24% 117.48% N/A
Municipal 		0.97% 0.00% 100.03% N/A
Securitized 		0.00% 0.00% 60.24% N/A
Government 		0.00% -5.69% 65.95% N/A
Derivative 		-1.34% -17.48% 8.43% N/A

Bond Geographic Breakdown

Weighting Return Low Return High ACSAX % Rank
US 		50.72% -17.48% 99.77% N/A
Non US 		27.38% 0.00% 53.13% N/A

ACSAX - Expenses

Operational Fees

ACSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.53% 0.00% 6.42% N/A
Management Fee 1.00% 0.00% 1.00% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.45% N/A

Sales Fees

ACSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ACSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 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.

ACSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 115.00% 5.00% 1334.00% N/A

ACSAX - Distributions

Dividend Yield Analysis

ACSAX Category Low Category High ACSAX % Rank
Dividend Yield 0.00% 0.00% 4.50% N/A

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ACSAX Category Low Category High ACSAX % Rank
Net Income Ratio 5.07% -1.92% 7.22% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

ACSAX - Fund Manager Analysis

Managers

Jeffrey J. Gary

Start Date

Tenure

Tenure Rank

Jun 01, 2012

5.75

5.8%

Jeffrey J. Gary, Senior Portfolio Manager of Avenue Capital Management II, L.P., is primarily responsible for the day-to-day management of the Fund's assets. Mr. Gary has been the portfolio manager of the Fund since June 2012. Mr. Gary has also been the portfolio manager for the Avenue Closed-End Fund since November 2012 and the private collateralized loan obligation (CLO) funds managed by the Adviser since February 2013. Prior to joining the Adviser, Mr. Gary served as a portfolio manager at another registered investment adviser since 2009, where he managed an opportunistic credit fund that invested globally in high yield bonds, bank loans and distressed securities. Mr. Gary has more than 20 years of investment experience in high yield, bank loan and distressed investment strategies, including the last 19 years as a portfolio manager. Mr. Gary's experience includes managing numerous high yield and credit-related mutual funds. Mr. Gary holds an M.B.A. from Northwestern University’s Kellogg School of Management, and a B.S. in accounting from Penn State University. He is a Certified Public Accountant (inactive).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 34.87 6.64 0.0

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