Applied Finance Explorer Fund
Name
As of 04/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.6%
1 yr return
19.3%
3 Yr Avg Return
6.7%
5 Yr Avg Return
14.2%
Net Assets
$596 M
Holdings in Top 10
11.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.73%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 42.02%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AFDVX - Profile
Distributions
- YTD Total Return -0.6%
- 3 Yr Annualized Total Return 6.7%
- 5 Yr Annualized Total Return 14.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.15%
- Dividend Yield 0.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameApplied Finance Explorer Fund
-
Fund Family NameApplied Finance Advisors
-
Inception DateJun 30, 2015
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Blinn
Fund Description
The Explorer Fund invests primarily in the equity securities of small and middle capitalization companies, which the Fund defines as issuers with market capitalizations of less than $5 billion, measured at the time of purchase.
Equity securities in which the Explorer Fund may invest include common and preferred stocks, rights and warrants, and securities convertible into equity securities.
In choosing investments, the Adviser typically selects equity securities that it believes offer superior return potential and may consider, among other factors, a company’s valuation, projected future earnings, growth potential, recent performance, and business strategy.
The Explorer Fund seeks to diversify its investments across a broad spectrum of economic sectors to reduce portfolio volatility and investment risk without sacrificing potential returns. In selecting securities within a particular sector, the Adviser’s goal is to identify companies that it believes have the potential for superior performance within each sector.
The Explorer Fund may have a high degree of turnover in its investment portfolio, which may increase its costs and adversely affect the Explorer Fund’s performance.
The Explorer Fund may also invest in other investment companies, including ETFs.
The Adviser will typically sell a company from the Explorer Fund’s portfolio when the company’s stock price exceeds the Adviser’s estimate of the company’s fundamental value and/or there are other companies that the Adviser believes offer greater investment potential.
AFDVX - Performance
Return Ranking - Trailing
Period | AFDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -12.9% | 9.0% | 41.69% |
1 Yr | 19.3% | -6.2% | 34.5% | 13.30% |
3 Yr | 6.7%* | -13.5% | 67.3% | 9.53% |
5 Yr | 14.2%* | -4.5% | 47.5% | 3.26% |
10 Yr | N/A* | -3.5% | 26.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | AFDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.2% | -18.4% | 33.6% | 5.52% |
2022 | -15.3% | -36.7% | 212.9% | 40.32% |
2021 | 42.6% | -62.0% | 147.6% | 2.09% |
2020 | 18.9% | -24.8% | 31.3% | 3.56% |
2019 | 24.4% | -30.1% | 34.0% | 16.42% |
Total Return Ranking - Trailing
Period | AFDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -12.9% | 9.0% | 41.69% |
1 Yr | 19.3% | -6.2% | 34.5% | 13.30% |
3 Yr | 6.7%* | -13.5% | 67.3% | 9.53% |
5 Yr | 14.2%* | -4.5% | 47.5% | 3.26% |
10 Yr | N/A* | -3.5% | 26.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AFDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.2% | -15.5% | 35.4% | 13.25% |
2022 | -13.8% | -36.7% | 250.0% | 75.23% |
2021 | 43.6% | -3.2% | 157.9% | 2.32% |
2020 | 19.7% | -13.5% | 33.4% | 4.51% |
2019 | 25.0% | -17.4% | 34.3% | 26.37% |
NAV & Total Return History
AFDVX - Holdings
Concentration Analysis
AFDVX | Category Low | Category High | AFDVX % Rank | |
---|---|---|---|---|
Net Assets | 596 M | 2.13 M | 52.9 B | 42.23% |
Number of Holdings | 148 | 10 | 1578 | 30.63% |
Net Assets in Top 10 | 65.8 M | 180 K | 3.01 B | 53.83% |
Weighting of Top 10 | 11.80% | 0.3% | 88.4% | 84.65% |
Top 10 Holdings
- Federated Treasury Obligations Fund 2.74%
- Builders FirstSource, Inc. 1.13%
- Warrior Met Coal, Inc. 1.10%
- Donnelley Financial Solutions 1.06%
- Alpha Metallurgical Resources 1.03%
- Enova International, Inc. 0.98%
- Customers Bancorp, Inc. 0.98%
- Insight Enterprises, Inc. 0.96%
- Radian Group, Inc. 0.91%
- Medpace Holdings, Inc. 0.91%
Asset Allocation
Weighting | Return Low | Return High | AFDVX % Rank | |
---|---|---|---|---|
Stocks | 97.44% | 0.99% | 104.11% | 69.15% |
Cash | 2.74% | 0.00% | 99.01% | 33.92% |
Preferred Stocks | 0.00% | 0.00% | 2.62% | 47.92% |
Other | 0.00% | -1.78% | 40.01% | 61.05% |
Convertible Bonds | 0.00% | 0.00% | 2.63% | 45.45% |
Bonds | 0.00% | 0.00% | 73.18% | 46.61% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AFDVX % Rank | |
---|---|---|---|---|
Financial Services | 17.24% | 0.00% | 35.71% | 83.00% |
Industrials | 15.69% | 0.65% | 48.61% | 65.32% |
Healthcare | 10.80% | 0.00% | 25.76% | 5.15% |
Real Estate | 10.72% | 0.00% | 44.41% | 27.07% |
Energy | 10.31% | 0.00% | 29.42% | 25.95% |
Consumer Cyclical | 9.23% | 0.00% | 51.62% | 71.36% |
Technology | 8.39% | 0.00% | 34.03% | 58.84% |
Basic Materials | 6.02% | 0.00% | 67.30% | 39.82% |
Consumer Defense | 4.40% | 0.00% | 13.22% | 37.14% |
Utilities | 4.24% | 0.00% | 13.86% | 26.85% |
Communication Services | 2.97% | 0.00% | 24.90% | 38.48% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AFDVX % Rank | |
---|---|---|---|---|
US | 97.44% | 0.96% | 104.11% | 51.64% |
Non US | 0.00% | 0.00% | 67.90% | 60.18% |
AFDVX - Expenses
Operational Fees
AFDVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.73% | 0.05% | 37.04% | 19.04% |
Management Fee | 1.14% | 0.00% | 1.50% | 98.68% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.17% |
Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
AFDVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AFDVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.50% | 2.00% | 20.51% |
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.
AFDVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 42.02% | 7.00% | 252.00% | 32.83% |
AFDVX - Distributions
Dividend Yield Analysis
AFDVX | Category Low | Category High | AFDVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.77% | 0.00% | 14.14% | 76.37% |
Dividend Distribution Analysis
AFDVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
AFDVX | Category Low | Category High | AFDVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.15% | -1.43% | 4.13% | 69.35% |
Capital Gain Distribution Analysis
AFDVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.156 | OrdinaryDividend |
Dec 18, 2020 | $0.021 | OrdinaryDividend |
Dec 31, 2019 | $0.053 | OrdinaryDividend |
AFDVX - Fund Manager Analysis
Managers
Paul Blinn
Start Date
Tenure
Tenure Rank
Jun 11, 2015
6.98
7.0%
Mr. Paul Blinn, portfolio manager, joined Applied Finance as a founding member in 2006 and has served as principal of Toreador Research & Trading LLC since that time. Mr. Blinn has over 25 years of capital market experience. Mr. Blinn’s background includes experience as an Executive Director at UBS, a global financial firm, and its predecessor entities from 1985 to 2000, as a Vice President of a leading option market maker, and a Senior Equity derivatives trader for a hedge fund from 2000 to 2005. Mr. Blinn graduated with honors from The University of Texas at Austin with a BBA in Finance.
Rafael Resendes
Start Date
Tenure
Tenure Rank
Jun 11, 2015
6.98
7.0%
In 1995, together with Daniel Obrycki, Mr. Resendes developed the Economic Margin framework to measure a firm’s economic, rather than as-reported accounting performance, and directly link corporate performance to valuation. Resendes graduated from The University of California, Berkeley with a Bachelor of Science in Finance and Economic Analysis. Resendes went on to earn his MBA from the University of Chicago. Resendes is also a member of the Phi Beta Kappa Society. Prior to co-founding Applied Finance, Mr. Resendes was a member of the Chicago Board of Trade and served as director of research for HOLT Value Associates. In 2003 Resendes began serving on the CFA Institute’s Speaker Retainer Program speaking to over 45 Financial Analyst Societies in 12 countries. Resendes has also served as a guest speaker for various equity valuation seminars, National Investor Relations Institute and served as a Professor at DePaul University in Chicago.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 37.45 | 8.15 | 3.58 |