AEQIX: Ascendant Deep Value Bond I

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AEQIX Ascendant Deep Value Bond I


Profile

AEQIX - Profile

Vitals

  • YTD Return -55.0%
  • 3 Yr Annualized Return -23.1%
  • 5 Yr Annualized Return -16.0%
  • Net Assets $6.88 M
  • Holdings in Top 10 90.8%

52 WEEK LOW AND HIGH

$5.36
$5.36
$12.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.62%

SALES FEES

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

BROKERAGE FEES

  • Turnover 125.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Apr 23, 2020
  • Standard (Taxable) $1,000,000
  • IRA $1,000,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -55.0%
  • 3 Yr Annualized Total Return -23.0%
  • 5 Yr Annualized Total Return -15.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.83%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

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

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."


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Categories

Performance

AEQIX - Performance

Return Ranking - Trailing

Period AEQIX Return Category Return Low Category Return High Rank in Category (%)
YTD -55.0% -55.0% 6.8% 100.00%
1 Yr -55.3% -55.3% 10.9% 100.00%
3 Yr -23.1%* -38.0% 4.9% 99.66%
5 Yr -16.0%* -32.7% 17.8% 99.60%
10 Yr N/A* -5.2% 0.9% N/A

* Annualized

Return Ranking - Calendar

Period AEQIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -35.1% 15.3% 81.90%
2018 -5.4% -48.0% 0.8% 45.70%
2017 4.9% -14.8% 11.2% 10.36%
2016 1.0% -11.2% 19.1% 80.66%
2015 -10.4% -51.1% 4.0% 90.21%

Total Return Ranking - Trailing

Period AEQIX Return Category Return Low Category Return High Rank in Category (%)
YTD -55.0% -55.0% 6.8% 100.00%
1 Yr -55.3% -55.3% 6.2% 100.00%
3 Yr -23.0%* -38.0% 3.6% 99.66%
5 Yr -15.0%* -32.7% 17.8% 99.60%
10 Yr N/A* -5.2% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period AEQIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -35.1% 15.3% 83.44%
2018 -5.4% -48.0% 4.8% 58.28%
2017 6.2% -14.8% 14.0% 20.00%
2016 1.5% -11.2% 22.5% 83.94%
2015 -6.2% -51.1% 4.0% 71.06%

NAV & Total Return History


Holdings

AEQIX - Holdings

Concentration Analysis

AEQIX Category Low Category High AEQIX % Rank
Net Assets 6.88 M 6.88 M 120 B 99.42%
Number of Holdings 18 6 7819 96.88%
Net Assets in Top 10 38.9 M -201 M 5.37 B 60.06%
Weighting of Top 10 90.83% 5.8% 214.0% 3.66%

Top 10 Holdings

  1. AlphaCentric Income Opportunities I 44.75%
  2. Highland Income Fund 26.50%
  3. Invesco QQQ Trust 5.84%
  4. Putnam Mortgage Opportunities I 4.91%
  5. Deer Park Total Return Credit I 3.83%
  6. iShares iBoxx $ High Yield Corp Bd ETF 1.60%
  7. iShares Russell 2000 ETF 1.16%
  8. Annaly Capital Management Inc 0.82%
  9. Arbor Realty Trust Inc 0.77%
  10. Ladder Capital Corp Class A 0.64%

Asset Allocation

Weighting Return Low Return High AEQIX % Rank
Bonds
69.04% 9.56% 233.78% 91.27%
Stocks
12.96% -0.56% 15.10% 0.85%
Cash
11.48% -144.73% 61.37% 16.43%
Preferred Stocks
6.46% 0.00% 79.92% 3.40%
Other
0.06% -8.59% 30.55% 26.91%
Convertible Bonds
0.00% 0.00% 15.09% 83.29%

Stock Sector Breakdown

Weighting Return Low Return High AEQIX % Rank
Real Estate
33.65% 0.00% 100.00% 11.81%
Technology
24.67% 0.00% 49.86% 5.91%
Communication Services
15.27% 0.00% 100.00% 18.14%
Consumer Cyclical
8.50% 0.00% 100.00% 37.55%
Healthcare
6.02% 0.00% 51.13% 29.96%
Industrials
3.88% 0.00% 99.46% 21.94%
Consumer Defense
3.31% 0.00% 30.61% 12.24%
Financial Services
2.59% 0.00% 100.00% 35.44%
Utilities
0.96% 0.00% 100.00% 37.55%
Basic Materials
0.74% 0.00% 100.00% 21.10%
Energy
0.42% 0.00% 100.00% 45.99%

Stock Geographic Breakdown

Weighting Return Low Return High AEQIX % Rank
US
12.79% -0.62% 13.99% 0.57%
Non US
0.17% 0.00% 2.06% 17.85%

Bond Sector Breakdown

Weighting Return Low Return High AEQIX % Rank
Securitized
58.43% 0.00% 99.12% 9.63%
Corporate
27.53% 0.00% 93.46% 71.67%
Cash & Equivalents
13.66% 0.12% 45.23% 19.83%
Government
0.37% 0.00% 99.82% 84.42%
Derivative
0.01% -0.44% 43.88% 48.16%
Municipal
0.00% 0.00% 34.19% 45.61%

Bond Geographic Breakdown

Weighting Return Low Return High AEQIX % Rank
US
65.07% 5.88% 233.33% 63.17%
Non US
3.97% -46.36% 71.44% 84.14%

Expenses

AEQIX - Expenses

Operational Fees

AEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.06% 24.26% 33.53%
Management Fee 1.15% 0.00% 2.25% 87.85%
12b-1 Fee 0.00% 0.00% 1.00% 0.51%
Administrative Fee N/A 0.01% 0.70% 29.75%

Sales Fees

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

Trading Fees

AEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 22.22%

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.

AEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 125.00% 0.00% 421.00% 79.76%

Distributions

AEQIX - Distributions

Dividend Yield Analysis

AEQIX Category Low Category High AEQIX % Rank
Dividend Yield 0.00% 0.00% 4.72% 19.01%

Dividend Distribution Analysis

AEQIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Monthly Monthly Monthly

Net Income Ratio Analysis

AEQIX Category Low Category High AEQIX % Rank
Net Income Ratio 2.83% 1.07% 18.14% 83.24%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AEQIX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 29.15 5.77 5.5