ASFIX: Absolute Strategies Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$7.18

-

2.68%

$0.19

1.73%

Vitals

YTD Return

-11.9%

1 yr return

-8.6%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

-4.1%

Net Assets

$43.8 M

Holdings in Top 10

73.1%

52 WEEK LOW AND HIGH

$7.14
$7.14
$8.36

Expenses

OPERATING FEES

Expense Ratio 1.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000

IRA

$25,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Multistrategy


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$7.18

-

2.68%

$0.19

1.73%

ASFIX - Profile

Distributions

  • YTD Total Return -11.9%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return -4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.97%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Absolute Strategies Fund
  • Fund Family Name
    Absolute Strategies
  • Inception Date
    Jul 27, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jay Compson

Fund Description

The fund's investment adviser, believes that there are important benefits that come from investing through skilled asset managers whose strategies, when combined, seek to provide attractive long-term risk-adjusted returns, with lower volatility and low sensitivity to traditional market measures. Absolute selects the fund's Subadvisers and determines the portion of the fund's assets to be allocated to each Subadviser.


ASFIX - Performance

Return Ranking - Trailing

Period ASFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.9% -73.0% 19.4% 97.49%
1 Yr -8.6% -9.1% 86.9% 95.64%
3 Yr -2.8%* -9.5% 16.2% 87.55%
5 Yr -4.1%* -4.9% 14.4% 95.52%
10 Yr -1.7%* -0.9% 7.5% 100.00%

* Annualized

Return Ranking - Calendar

Period ASFIX Return Category Return Low Category Return High Rank in Category (%)
2020 0.7% -22.7% 305.1% 61.48%
2019 -3.5% -9.8% 27.3% 91.53%
2018 1.3% -20.8% 10.9% 4.00%
2017 -8.4% -12.4% 29.4% 97.03%
2016 -10.5% -10.5% 15.8% 100.00%

Total Return Ranking - Trailing

Period ASFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.9% -73.0% 19.4% 97.49%
1 Yr -8.6% -13.4% 86.9% 93.09%
3 Yr -2.8%* -9.5% 16.2% 86.35%
5 Yr -4.1%* -5.3% 14.4% 95.52%
10 Yr -1.7%* -0.9% 7.5% 100.00%

* Annualized

Total Return Ranking - Calendar

Period ASFIX Return Category Return Low Category Return High Rank in Category (%)
2020 0.7% -22.7% 305.1% 61.48%
2019 -3.5% -9.8% 27.3% 91.53%
2018 1.3% -20.8% 10.9% 4.00%
2017 -8.4% -8.4% 29.4% 100.00%
2016 2.6% -10.2% 18.0% 37.17%

NAV & Total Return History


ASFIX - Holdings

Concentration Analysis

ASFIX Category Low Category High ASFIX % Rank
Net Assets 43.8 M 1.5 M 5.01 B 63.47%
Number of Holdings 53 4 4478 78.09%
Net Assets in Top 10 38.8 M -398 M 2.55 B 50.18%
Weighting of Top 10 73.14% 13.1% 100.0% 34.40%

Top 10 Holdings

  1. Absolute Capital Opportunities Instl 26.84%
  2. Absolute Convertible Arbitrage Instl 24.92%
  3. Blackrock Liquidity Fds 8.71%
  4. Berkshire Hathaway Inc Class B 3.25%
  5. Enbridge Inc 1.89%
  6. Loews Corp 1.85%
  7. DuPont de Nemours Inc 1.75%
  8. Dominion Energy Inc 1.42%
  9. Pfizer Inc 1.26%
  10. Barrick Gold Corp 1.25%

Asset Allocation

Weighting Return Low Return High ASFIX % Rank
Cash
37.17% -6278.21% 410.43% 30.04%
Stocks
32.53% -3.75% 97.95% 68.55%
Convertible Bonds
21.17% 0.00% 87.92% 1.77%
Other
8.71% -21.53% 148.54% 29.68%
Bonds
0.41% -326.45% 6347.80% 87.63%
Preferred Stocks
0.00% -0.12% 46.97% 90.11%

Stock Sector Breakdown

Weighting Return Low Return High ASFIX % Rank
Financial Services
23.72% 0.00% 59.28% 12.99%
Basic Materials
15.57% 0.00% 27.46% 3.15%
Healthcare
10.02% 0.00% 45.63% 61.02%
Technology
9.58% 0.00% 39.58% 90.94%
Consumer Cyclical
9.45% 0.00% 29.09% 66.14%
Consumer Defense
9.19% 0.00% 13.62% 12.99%
Communication Services
6.34% 0.00% 21.78% 68.90%
Real Estate
5.02% 0.00% 51.26% 29.92%
Energy
4.19% 0.00% 100.00% 24.41%
Industrials
3.76% 0.00% 21.45% 89.37%
Utilities
3.16% 0.00% 9.23% 71.26%

Stock Geographic Breakdown

Weighting Return Low Return High ASFIX % Rank
US
25.03% -8.85% 91.88% 59.36%
Non US
7.50% -19.62% 42.11% 51.59%

Bond Sector Breakdown

Weighting Return Low Return High ASFIX % Rank
Cash & Equivalents
63.27% 0.27% 100.00% 25.09%
Corporate
36.04% 0.00% 87.73% 9.54%
Securitized
0.65% 0.00% 56.83% 43.82%
Government
0.05% 0.00% 84.29% 98.94%
Derivative
0.00% 0.00% 88.81% 97.88%
Municipal
0.00% 0.00% 27.33% 93.64%

Bond Geographic Breakdown

Weighting Return Low Return High ASFIX % Rank
US
0.41% -126.19% 6311.18% 85.51%
Non US
0.00% -382.37% 121.02% 87.63%

ASFIX - Expenses

Operational Fees

ASFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.29% 31.15% 40.29%
Management Fee 1.60% 0.00% 2.50% 86.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% 59.42%

Sales Fees

ASFIX 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

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

ASFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 491.00% 22.98%

ASFIX - Distributions

Dividend Yield Analysis

ASFIX Category Low Category High ASFIX % Rank
Dividend Yield 2.68% 0.00% 4.56% 92.23%

Dividend Distribution Analysis

ASFIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ASFIX Category Low Category High ASFIX % Rank
Net Income Ratio -0.97% -2.51% 6.83% 80.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ASFIX - Fund Manager Analysis

Managers

Jay Compson


Start Date

Tenure

Tenure Rank

Jul 27, 2005

16.11

16.1%

Compson is the principal and founder of Absolute Investment Advisers LLC since 2004. Prior to founding Absolute in 2004, Mr. Compson was a Portfolio Manager and Partner at Abington Capital LP, a Boston-based hedge fund. He also spent several years in corporate risk management roles at two investment banks — Lehman Brothers and Tucker Anthony Sutro. Mr. Compson received his BA degree from Franklin & Marshall College and his MBA in Finance and Management from New York University's Stern School of Business

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67