Anchor Risk Managed Global Strategies Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.2%
1 yr return
4.2%
3 Yr Avg Return
0.7%
5 Yr Avg Return
3.9%
Net Assets
$28.4 M
Holdings in Top 10
65.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.54%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 118.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ATGSX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -2.06%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAnchor Risk Managed Global Strategies Fund
-
Fund Family NameAnchor
-
Inception DateJan 15, 2019
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Leake
Fund Description
The Fund seeks to achieve its investment objective by allocating assets among various strategies based on the adviser’s research and analysis regarding market trends. A market trend is the movement of a financial market in a particular direction over time. The Fund invests at least 40% of its assets (plus the amount of borrowings, if any) in long and short positions in exchange-traded funds, mutual funds and derivative instruments registered and offered in the U.S with underlying holdings in non-U.S. companies. The Fund primarily takes long and short positions in exchange-traded funds that are highly correlated to regional and country specific indices based on the adviser’s long, intermediate, and short-term price trends analysis
The Fund is invested primarily in:
| (1) | Underlying Funds that primarily invest in or are otherwise exposed to domestic and worldwide markets; |
| (2) | derivative instruments, including options, futures, and total return swaps, designed to replicate some or all of the features of an underlying portfolio of equity securities; |
| (3) | Underlying Funds that are other U.S. or foreign equity securities of any market capitalization; and |
| (4) | U.S. or foreign cash equivalents. |
The adviser seeks to achieve the Fund’s objective by managing risk through hedging the Fund’s investment portfolio when it believes security prices will decline. The adviser will hedge by:
| (i) | increasing allocations to cash equivalents or U.S. Treasury securities; |
| (ii) | selling short ETFs or securities the adviser believes have demonstrated a high correlation to the broader global equity indices; and |
| (iii) | purchasing inverse mutual funds or inverse ETFs. The Fund may invest in inverse funds linked to equity securities or indices when the adviser believes this strategy will provide an effective hedge to manage risk offer the Fund’s equity investments. |
Generally, the adviser does not attempt to evaluate individual securities. The adviser uses technical analysis, including monitoring price movements and price trends, of equity markets in an effort to achieve the Fund’s objective through proper allocation of the Fund’s portfolio securities. The adviser’s decision to buy or sell a Fund holding is made based on adviser developed trend and risk models that evaluate current market conditions, and this analysis guides the adviser’s determination of the appropriate exposure level to the equity market. The adviser buys and sells securities and derivatives to increase or decrease the Fund’s exposure to the equity market.
ATGSX - Performance
Return Ranking - Trailing
| Period | ATGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -9.3% | 15.1% | 77.98% |
| 1 Yr | 4.2% | -14.9% | 36.6% | 85.12% |
| 3 Yr | 0.7%* | -20.9% | 26.9% | 65.54% |
| 5 Yr | 3.9%* | -4.4% | 25.5% | 69.63% |
| 10 Yr | N/A* | -4.1% | 9.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ATGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.2% | -17.3% | 43.8% | 65.48% |
| 2022 | -2.4% | -54.0% | 17.4% | 18.95% |
| 2021 | -9.3% | -40.0% | 54.1% | 89.80% |
| 2020 | 5.7% | -47.6% | 88.4% | 36.88% |
| 2019 | N/A | -20.3% | 62.6% | N/A |
Total Return Ranking - Trailing
| Period | ATGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -9.3% | 15.1% | 77.98% |
| 1 Yr | 4.2% | -14.9% | 36.6% | 85.12% |
| 3 Yr | 0.7%* | -20.9% | 26.9% | 65.54% |
| 5 Yr | 3.9%* | -4.4% | 25.5% | 69.63% |
| 10 Yr | N/A* | -4.1% | 9.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ATGSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.6% | -14.5% | 43.8% | 73.81% |
| 2022 | -2.4% | -54.0% | 50.3% | 27.45% |
| 2021 | 2.0% | -40.0% | 61.6% | 78.23% |
| 2020 | 7.0% | -29.9% | 91.0% | 44.68% |
| 2019 | N/A | -17.9% | 79.4% | N/A |
NAV & Total Return History
ATGSX - Holdings
Concentration Analysis
| ATGSX | Category Low | Category High | ATGSX % Rank | |
|---|---|---|---|---|
| Net Assets | 28.4 M | 1.08 M | 6.67 B | 82.84% |
| Number of Holdings | 4 | 3 | 1788 | 96.99% |
| Net Assets in Top 10 | 15.8 M | 474 K | 2.09 B | 78.92% |
| Weighting of Top 10 | 65.52% | 0.4% | 182.8% | 27.71% |
Top 10 Holdings
- ISHARES MSCI EAF 64.07%
- SP500 EMINI FUT Mar24 1.39%
- MSCI EAFE Mar24 0.04%
- NASDAQ 100 E-MINI Mar24 0.03%
Asset Allocation
| Weighting | Return Low | Return High | ATGSX % Rank | |
|---|---|---|---|---|
| Stocks | 64.07% | 0.00% | 102.24% | 57.83% |
| Cash | 34.48% | 0.00% | 102.08% | 35.54% |
| Other | 1.46% | -45.12% | 99.51% | 18.67% |
| Preferred Stocks | 0.00% | 0.00% | 8.29% | 67.47% |
| Convertible Bonds | 0.00% | -0.02% | 4.48% | 61.25% |
| Bonds | 0.00% | 0.00% | 178.67% | 75.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ATGSX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 21.71% | 56.99% |
| Technology | 0.00% | 0.00% | 43.24% | 3.11% |
| Real Estate | 0.00% | 0.00% | 10.93% | 95.34% |
| Industrials | 0.00% | 0.00% | 31.93% | 92.75% |
| Healthcare | 0.00% | 0.00% | 100.00% | 82.90% |
| Financial Services | 0.00% | 0.00% | 83.83% | 96.37% |
| Energy | 0.00% | 0.00% | 32.57% | 96.37% |
| Communication Services | 0.00% | 0.00% | 32.32% | 4.66% |
| Consumer Defense | 0.00% | 0.00% | 33.38% | 65.80% |
| Consumer Cyclical | 0.00% | 0.00% | 88.83% | 7.77% |
| Basic Materials | 0.00% | 0.00% | 28.58% | 95.34% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ATGSX % Rank | |
|---|---|---|---|---|
| US | 64.07% | 0.00% | 102.24% | 50.60% |
| Non US | 0.00% | -3.09% | 67.69% | 68.67% |
ATGSX - Expenses
Operational Fees
| ATGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.54% | 0.42% | 8.51% | 31.95% |
| Management Fee | 1.60% | 0.00% | 2.50% | 89.35% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 46.81% |
| Administrative Fee | N/A | 0.03% | 1.54% | N/A |
Sales Fees
| ATGSX 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% | 4.00% | N/A |
Trading Fees
| ATGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| ATGSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 118.00% | 0.00% | 479.00% | 48.48% |
ATGSX - Distributions
Dividend Yield Analysis
| ATGSX | Category Low | Category High | ATGSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.60% | 46.43% |
Dividend Distribution Analysis
| ATGSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Annual | Annual |
Net Income Ratio Analysis
| ATGSX | Category Low | Category High | ATGSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -2.06% | -3.33% | 2.16% | 92.22% |
Capital Gain Distribution Analysis
| ATGSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Feb 29, 2024 | $0.043 | OrdinaryDividend |
| Nov 30, 2023 | $0.002 | OrdinaryDividend |
| Aug 31, 2023 | $0.109 | OrdinaryDividend |
| May 31, 2023 | $0.018 | OrdinaryDividend |
| Feb 28, 2023 | $0.011 | OrdinaryDividend |
| Dec 20, 2019 | $0.765 | OrdinaryDividend |
ATGSX - Fund Manager Analysis
Managers
Eric Leake
Start Date
Tenure
Tenure Rank
Jan 15, 2019
3.38
3.4%
Eric Leake is President and Chief Investment Officer to Anchor Capital. Mr. Leake is a level II Chartered Market Technician, member of the Market Technicians Association, American Association of Professional Technical Analysts (AAPTA), and a former board memeber to the National Association of Active Investment Managers. Mr. Leake is also a member of the Board of Trustees for the Cambria ETF Trust, a manager to several listed exchange traded funds. Mr. Leake attended Azusa Pacific University majoring in Communications and is an active surfer and coach to youth AYSO soccer and NJB basketball teams.
Garrett Waters
Start Date
Tenure
Tenure Rank
Jan 15, 2019
3.38
3.4%
Garrett Waters is Chief Executive Officer to Anchor Capital. Before joining Anchor Capital in 2009 Garrett began his investment career in New York City with J.P. Morgan Investment Management within its Institutional Investment Management division, then as a principal with Barclays Global Investors. Mr. Waters was involved in institutional and private fund management with Hollencrest Capital Management in 2001 and Pacific Financial Advisers. Garrett is a graduate of Villanova University with a degree in business. Garrett is the former Commissioner for Beaches, Parks and Recreation for the city of San Clemente and is an active surfer and tennis player. Garrett lives in San Clemente, CA along with his wife and two children.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.55 | 6.07 | 7.93 |