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AEQCX Ascendant Deep Value Bond C

  • Fund
  • AEQCX
  • Price as of: Jun 21, 2019
  • $11.72 - $0.00 - 0.00%
  • Category
  • Preferred Stock/Convertible Bonds

AEQCX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return -3.3%
  • Net Assets $43.5 M
  • Holdings in Top 10 91.1%

52 WEEK LOW AND HIGH

$11.72
$11.06
$12.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Preferred Stock/Convertible Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return -2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Ascendant Deep Value Bond Fund
  • Fund Family Name Ascendant
  • Inception Date Oct 05, 2011
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager James H. Lee

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings) in open-end investment companies (mutual funds), closed-end funds and exchange-traded funds ("ETFs") (collectively, "underlying funds") that primarily invest in bonds and other fixed-income securities. Such fixed income securities may be issued by U.S. or foreign companies, without restriction as to issuer country, market capitalization or maturity. The securities are purchased without restriction as to credit quality, including those with below investment grade credit quality, commonly known as "junk bonds."

AEQCX - Performance

Return Ranking - Trailing

Period AEQCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 4.5% 18.5% 100.00%
1 Yr -2.7% -12.1% 3.9% 54.55%
3 Yr 1.5%* -3.6% 9.4% 52.27%
5 Yr -3.3%* -5.4% 3.8% 85.23%
10 Yr N/A* -0.3% 7.6% N/A

* Annualized


Return Ranking - Calendar

Period AEQCX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -15.3% -2.5% 15.91%
2017 4.6% -7.8% 14.8% 71.59%
2016 0.3% -2.1% 8.7% 80.68%
2015 -9.4% -17.9% 1.4% 55.68%
2014 -5.4% -6.8% 10.0% 92.05%

Total Return Ranking - Trailing

Period AEQCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 4.4% 18.5% 100.00%
1 Yr -2.7% -11.3% 10.2% 84.09%
3 Yr 1.8%* -0.5% 15.3% 79.55%
5 Yr -2.1%* -2.1% 9.3% 100.00%
10 Yr N/A* 2.6% 17.4% N/A

* Annualized


Total Return Ranking - Calendar

Period AEQCX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -15.2% 4.5% 51.14%
2017 5.1% 0.9% 18.3% 85.23%
2016 0.5% -2.1% 20.1% 79.55%
2015 -7.1% -17.2% 6.2% 80.68%
2014 -2.2% -2.2% 23.8% 100.00%

NAV & Total Return History

AEQCX - Holdings

Concentration Analysis

AEQCX Category Low Category High AEQCX % Rank
Net Assets 43.5 M 43.5 M 7.35 B 100.00%
Number of Holdings 15 15 315 100.00%
Net Assets in Top 10 37.1 M 22.8 M 1.08 B 96.59%
Weighting of Top 10 91.12% 15.5% 91.1% 3.41%

Top 10 Holdings

  1. AlphaCentric Income Opportunities I 33.88%

  2. Highland Income Fund 26.87%

  3. Deer Park Total Return Credit I 14.22%

  4. Putnam Mortgage Opportunities I 4.80%

  5. Columbia Mortgage Opportunities Inst 4.58%

  6. Rydex Government Long Bd 1.2x Strat Inv 2.99%

  7. Invesco Convertible Securities A 1.47%

  8. Rydex Technology Inv 1.23%

  9. iShares Gold Trust 0.71%

  10. Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. 5.5% 0.37%


Asset Allocation

Weighting Return Low Return High AEQCX % Rank
Bonds
67.73% 0.00% 67.73% 3.41%
Stocks
13.89% 0.00% 29.89% 19.32%
Cash
10.26% 0.00% 10.26% 3.41%
Preferred Stocks
5.44% 0.00% 81.38% 87.50%
Other
1.56% 0.00% 4.79% 18.18%
Convertible Bonds
1.11% 1.11% 98.86% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High AEQCX % Rank
Utilities
0.00% 0.00% 8.38% 96.34%
Technology
0.00% 0.00% 7.09% 96.34%
Real Estate
0.00% 0.00% 27.96% 98.78%
Industrials
0.00% 0.00% 3.10% 96.34%
Healthcare
0.00% 0.00% 3.37% 96.34%
Financial Services
0.00% 0.00% 2.76% 97.56%
Energy
0.00% 0.00% 1.19% 96.34%
Communication Services
0.00% 0.00% 1.06% 96.34%
Consumer Defense
0.00% 0.00% 0.43% 96.34%
Consumer Cyclical
0.00% 0.00% 3.41% 96.34%
Basic Materials
0.00% 0.00% 1.57% 96.34%

Stock Geographic Breakdown

Weighting Return Low Return High AEQCX % Rank
US
13.78% 0.00% 29.89% 15.91%
Non US
0.11% 0.00% 4.04% 37.50%

Bond Sector Breakdown

Weighting Return Low Return High AEQCX % Rank
Securitized
59.40% 0.00% 59.40% 3.41%
Corporate
11.08% 11.08% 99.76% 100.00%
Cash & Equivalents
9.96% 0.00% 9.96% 3.41%
Derivative
1.99% 0.00% 1.99% 3.41%
Government
1.83% 0.00% 1.83% 3.41%
Municipal
0.00% 0.00% 0.00% 95.45%

Bond Geographic Breakdown

Weighting Return Low Return High AEQCX % Rank
US
63.67% 0.00% 63.67% 3.41%
Non US
4.06% 0.00% 22.35% 30.68%

AEQCX - Expenses

Operational Fees

AEQCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.91% 0.46% 4.01% 3.41%
Management Fee 1.15% 0.26% 1.15% 100.00%
12b-1 Fee 1.00% 0.00% 1.00% 100.00%
Administrative Fee 0.08% 0.01% 0.30% 69.05%

Sales Fees

AEQCX 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% 5.00% N/A

Trading Fees

AEQCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 30.77%

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.

AEQCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 7.00% 213.00% 6.82%

AEQCX - Distributions

Dividend Yield Analysis

AEQCX Category Low Category High AEQCX % Rank
Dividend Yield 0.02% 0.00% 0.07% 40.91%

Dividend Distribution Analysis

AEQCX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

AEQCX Category Low Category High AEQCX % Rank
Net Income Ratio 2.75% -0.03% 5.51% 38.64%

Capital Gain Distribution Analysis

AEQCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

AEQCX - Managers

James H. Lee

Manager

Start Date

Tenure

Tenure Rank

Mar 27, 2014

5.18

5.2%

James H. Lee has served as the President of Ascendant Advisors Group, LLC since 2009 and serves on the Investment Committee since its inception. He is a Member, Investment Committee Member, Founder and Former President of Momentum Securities, LLC (1999-2003); and was E&Y Entrepreneur of the Year 2001. Former Chairman of the Board of Trustees, Teachers Retirement System of Texas from 2006 to 2009 and Former Trustee, Texas Growth Fund (2008-2009) and worked in The First Boston Corporation M&A Group in the early 1990s. Mr. Lee attended the University of Texas at Austin (MBA), University of Texas at Austin (BBA, Finance), and London Business School (Executive Hedge Fund Program).


Tenure Analysis

Category Low

0.16

Category High

33.96

Category Average

9.51

Category Mode

8.42