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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

Hatteras Alpha Hedged Strategies Fund

ALPIX |

-

$17.1 M

-

2.24%

Vitals

YTD Return

1.7%

1 yr return

0.2%

3 Yr Avg Return

2.2%

5 Yr Avg Return

-1.2%

Net Assets

$17.1 M

Holdings in Top 10

89.1%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 2.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

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

Hatteras Alpha Hedged Strategies Fund

ALPIX |

-

$17.1 M

-

2.24%

ALPIX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Hatteras Alpha Hedged Strategies Fund
  • Fund Family Name
    Hatteras Funds
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    1011239
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael P. Hennen

Fund Description

ALPIX - Performance

Return Ranking - Trailing

Period ALPIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -52.8% 26.1% 94.61%
1 Yr 0.2% -63.0% 12.9% 13.59%
3 Yr 2.2%* -27.3% 13.0% N/A
5 Yr -1.2%* -24.1% 8.5% N/A
10 Yr 3.2%* -14.6% 9.5% N/A

* Annualized

Return Ranking - Calendar

Period ALPIX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.8% -34.6% 1.6% 0.89%
2022 -3.7% -12.4% 33.2% 97.82%
2021 N/A -65.8% 23.3% N/A
2020 N/A -64.9% 4.8% N/A
2019 N/A -29.5% 68.3% N/A

Total Return Ranking - Trailing

Period ALPIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -52.8% 26.1% 95.05%
1 Yr 0.2% -60.8% 13.2% 40.89%
3 Yr 2.2%* -22.8% 13.9% N/A
5 Yr -1.2%* -21.4% 47.5% N/A
10 Yr 3.2%* -12.2% 12.5% N/A

* Annualized

Total Return Ranking - Calendar

Period ALPIX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.8% -32.7% 1.6% 3.31%
2022 3.6% -8.4% 33.2% 92.58%
2021 N/A -65.2% 23.3% N/A
2020 N/A -62.9% 9.2% N/A
2019 N/A -28.5% 76.9% N/A

ALPIX - Holdings

Concentration Analysis

ALPIX Category Low Category High ALPIX % Rank
Net Assets 17.1 M 604 K 147 B 96.51%
Number of Holdings 5 2 13410 98.48%
Net Assets in Top 10 15.9 M -120 M 26.4 B 90.68%
Weighting of Top 10 89.09% 5.5% 3196.0% 22.89%

Top 10 Holdings

  1. JPMorgan Hedged Equity R6 29.70%
  2. Vivaldi Merger Arbitrage I 23.96%
  3. Loomis Sayles Strategic Alpha Y 17.77%
  4. LoCorr Macro Strategies I 17.66%

Asset Allocation

Weighting Return Low Return High ALPIX % Rank
Stocks 		45.89% -37.73% 135.47% 59.10%
Bonds 		31.37% 0.00% 261.66% 66.65%
Cash 		15.21% -283.85% 353.31% 12.62%
Other 		7.08% -253.31% 53.08% 8.24%
Convertible Bonds 		0.39% 0.00% 26.85% 36.08%
Preferred Stocks 		0.05% 0.00% 65.70% 50.98%

Stock Sector Breakdown

Weighting Return Low Return High ALPIX % Rank
Consumer Cyclical 		7.40% -9.59% 42.25% 28.24%
Technology 		7.39% -3.22% 31.95% 56.11%
Healthcare 		7.07% -1.99% 45.45% 38.87%
Industrials 		5.86% -0.36% 27.17% 38.93%
Financial Services 		4.64% -0.41% 47.66% 76.21%
Consumer Defense 		3.75% -4.62% 17.45% 51.15%
Real Estate 		3.61% -3.22% 75.65% 21.76%
Energy 		2.09% -2.23% 27.44% 69.97%
Utilities 		1.62% -0.12% 23.50% 46.76%
Communication Services 		1.05% -0.92% 6.87% 67.49%
Basic Materials 		0.91% -1.56% 22.61% 78.94%

Stock Geographic Breakdown

Weighting Return Low Return High ALPIX % Rank
US 		45.55% -39.12% 134.61% 32.97%
Non US 		0.34% -76.83% 74.42% 92.45%

Bond Sector Breakdown

Weighting Return Low Return High ALPIX % Rank
Cash & Equivalents 		15.44% -277.47% 353.31% 13.13%
Securitized 		12.49% -31.43% 45.07% 31.07%
Corporate 		9.93% 0.00% 86.09% 72.35%
Government 		9.34% -57.27% 316.66% 58.08%
Municipal 		0.05% 0.00% 99.83% 44.64%
Derivative 		-0.23% -234.33% 21.15% 91.88%

Bond Geographic Breakdown

Weighting Return Low Return High ALPIX % Rank
US 		65.62% -215.69% 201.54% 7.48%
Non US 		-34.25% -64.26% 220.06% 99.68%

ALPIX - Expenses

Operational Fees

ALPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.24% 0.00% 11.64% 6.53%
Management Fee 0.25% 0.00% 2.50% 42.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

ALPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ALPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 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.

ALPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 0.00% 6067.00% 1.84%

ALPIX - Distributions

Dividend Yield Analysis

ALPIX Category Low Category High ALPIX % Rank
Dividend Yield 0.00% 0.00% 1.01% 89.92%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ALPIX Category Low Category High ALPIX % Rank
Net Income Ratio -0.35% -4.09% 6.99% 97.15%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ALPIX - Fund Manager Analysis

Managers

Michael P. Hennen

Start Date

Tenure

Tenure Rank

Sep 15, 2009

9.46

9.5%

Mr. Hennen is a portfolio manager for the Hatteras Funds. His primary responsibilities include asset allocation, portfolio construction, and manager research. Prior to joining Hatteras in 2009, Mr. Hennen was a Vice President at Morgan Stanley in the Graystone Research Group, an alternative investments advisory group within Morgan Stanley, where he led the sourcing, evaluation, execution, and monitoring of alternative investments across a variety of strategies. Before joining Morgan Stanley, Mr. Hennen was an Analyst at Morningstar in Chicago. Mr. Hennen received his Bachelor of Business Administration degree in Finance from Western Michigan University. Mr. Hennen has also earned his designation as a Chartered Financial Analyst (CFA).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 38.52 6.47 7.12

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