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ACSBX Avenue Credit Strategies Institutional

  • Fund
  • ACSBX
  • Price as of: N/A
  • N/A N/A N/A
  • Category
  • High Yield Bonds
  • Fund Company
  • N/A

ACSBX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return -3.8%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $849 M
  • Holdings in Top 10 21.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.30%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 115.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of Feb 14, 2018

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Avenue Credit Strategies Fund
  • Fund Family Name N/A
  • Inception Date Jun 01, 2012
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States

Fund Description

The fund opportunistically invests in a combination of high yield bonds, senior secured bank loans and distressed debt instruments. It will primarily utilize a fundamental based investment research process that will seek to capitalize on market inefficiencies and reallocate its portfolio to opportunistically emphasize those investments, categories of investments and geographic exposures believed to be best suited to the current investment and interest rate environment and market outlook.

ACSBX - Performance

Return Ranking - Trailing

Period ACSBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.2% 15.0% N/A
1 Yr -3.9% -15.4% 4.3% N/A
3 Yr -3.8%* -2.3% 5.6% N/A
5 Yr -0.9%* -8.3% 1.7% N/A
10 Yr N/A* -5.0% 4.6% N/A

* Annualized


Return Ranking - Calendar

Period ACSBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -23.1% -0.4% N/A
2017 N/A -9.5% 28.5% N/A
2016 N/A -3.5% 28.6% N/A
2015 N/A -34.3% 1.0% N/A
2014 N/A -23.1% 27.7% N/A

Total Return Ranking - Trailing

Period ACSBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.7% 15.0% N/A
1 Yr -3.9% -15.4% 7.0% N/A
3 Yr -3.8%* -2.3% 9.7% N/A
5 Yr -0.9%* -6.9% 5.8% N/A
10 Yr N/A* -0.8% 8.7% N/A

* Annualized


Total Return Ranking - Calendar

Period ACSBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -23.1% 1.3% N/A
2017 N/A -3.9% 36.8% N/A
2016 N/A -3.5% 39.0% N/A
2015 N/A -28.3% 4.3% N/A
2014 N/A -21.8% 27.7% N/A

NAV & Total Return History

ACSBX - Holdings

Concentration Analysis

ACSBX Category Low Category High ACSBX % Rank
Net Assets 849 M 1.02 M 24.4 B N/A
Number of Holdings 198 6 1626 N/A
Net Assets in Top 10 358 M -197 K 3.73 B N/A
Weighting of Top 10 21.81% 5.4% 100.1% 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 ACSBX % Rank
Bonds
78.10% -17.48% 100.43% N/A
Cash
12.23% -4.10% 117.48% N/A
Other
6.13% -1.24% 11.36% N/A
Stocks
2.35% -0.44% 99.99% N/A
Convertible Bonds
1.18% 0.00% 11.40% N/A
Preferred Stocks
0.00% 0.00% 11.13% N/A

Stock Sector Breakdown

Weighting Return Low Return High ACSBX % Rank
Consumer Cyclical
0.71% -0.14% 15.43% N/A
Utilities
0.00% -0.04% 1.62% N/A
Technology
0.00% -0.17% 30.52% N/A
Real Estate
0.00% -0.03% 2.98% N/A
Industrials
0.00% 0.00% 14.47% N/A
Healthcare
0.00% 0.00% 14.67% N/A
Financial Services
0.00% -0.03% 16.74% 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% 4.73% N/A
Basic Materials
0.00% 0.00% 1.36% N/A

Stock Geographic Breakdown

Weighting Return Low Return High ACSBX % Rank
US
2.23% -0.43% 50.32% N/A
Non US
0.12% -0.01% 49.67% N/A

Bond Sector Breakdown

Weighting Return Low Return High ACSBX % Rank
Corporate
75.76% 0.00% 100.28% N/A
Cash & Equivalents
12.23% -0.40% 117.48% N/A
Municipal
0.97% 0.00% 100.40% N/A
Securitized
0.00% 0.00% 60.24% N/A
Government
0.00% -5.69% 66.73% N/A
Derivative
-1.34% -17.48% 8.43% N/A

Bond Geographic Breakdown

Weighting Return Low Return High ACSBX % Rank
US
50.72% -17.48% 99.77% N/A
Non US
27.38% 0.00% 59.88% N/A

ACSBX - Expenses

Operational Fees

ACSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.30% 0.00% 6.42% N/A
Management Fee 1.00% 0.00% 1.00% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.45% N/A

Sales Fees

ACSBX 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

ACSBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% N/A

Turnover 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.

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

ACSBX - Distributions

Dividend Yield Analysis

ACSBX Category Low Category High ACSBX % Rank
Dividend Yield 0.00% 0.00% 4.38% N/A

Dividend Distribution Analysis

ACSBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

ACSBX Category Low Category High ACSBX % Rank
Net Income Ratio 5.12% -1.92% 7.22% N/A

Capital Gain Distribution Analysis

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

ACSBX - Managers

Tenure Analysis

Category Low

0.1

Category High

21.26

Category Average

6.8

Category Mode

0.1