ATIPX: Aquila Three Peaks High Income I

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ATIPX Aquila Three Peaks High Income I


Profile

ATIPX - Profile

Vitals

  • YTD Return -1.2%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $169 M
  • Holdings in Top 10 21.5%

52 WEEK LOW AND HIGH

$8.29
$7.42
$8.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.27%

SALES FEES

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

BROKERAGE FEES

  • Turnover 124.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.2%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Aquila Three Peaks High Income Fund
  • Fund Family Name
    Aquila
  • Inception Date
    Jun 29, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Sandy Rufenacht

Fund Description

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. Its portfolio will typically include a high proportion, perhaps even 100%, of high-yield/high-risk securities rated below investment grade. The bonds the fund purchases can be of any maturity but the average effective weighted maturity of the fund's portfolio will normally be within one year of the average maturity of the Bloomberg Barclays US Corporate High Yield Total Return Index Value Unhedged.


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Categories

Performance

ATIPX - Performance

Return Ranking - Trailing

Period ATIPX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -20.2% 6.6% 2.71%
1 Yr -1.0% -19.5% 9.8% 3.17%
3 Yr -1.2%* -9.9% 1.8% 6.59%
5 Yr -0.3%* -6.3% 1.4% 5.26%
10 Yr -0.9%* -4.1% 1.3% 64.45%

* Annualized

Return Ranking - Calendar

Period ATIPX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% 0.7% 12.6% 96.13%
2018 -5.0% -14.2% -1.8% 8.49%
2017 0.6% -5.7% 4.9% 63.85%
2016 1.7% 1.1% 13.4% 97.21%
2015 -0.1% -20.6% 1.0% 1.49%

Total Return Ranking - Trailing

Period ATIPX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -20.2% 6.6% 2.71%
1 Yr -1.0% -19.5% 9.8% 3.17%
3 Yr -1.2%* -9.9% 4.1% 25.37%
5 Yr -0.3%* -6.3% 3.8% 26.02%
10 Yr -0.6%* -4.1% 6.4% 72.99%

* Annualized

Total Return Ranking - Calendar

Period ATIPX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% 0.7% 12.6% 96.58%
2018 -5.0% -14.2% 0.4% 25.24%
2017 0.6% -5.1% 9.3% 72.82%
2016 1.7% 1.1% 20.7% 97.21%
2015 -0.1% -20.6% 1.0% 2.99%

NAV & Total Return History


Holdings

ATIPX - Holdings

Concentration Analysis

ATIPX Category Low Category High ATIPX % Rank
Net Assets 169 M 251 K 25.6 B 76.34%
Number of Holdings 120 3 1596 89.29%
Net Assets in Top 10 33.5 M -362 M 2.13 B 61.16%
Weighting of Top 10 21.54% 4.1% 98.9% 11.56%

Top 10 Holdings

  1. GCI, Inc. 6.88% 4.16%
  2. Iron Mountain Incorporated 6% 2.88%
  3. Service Corporation International 5.38% 2.52%
  4. Nielsen Finance LLC/Nielsen Finance Co 4.5% 1.95%
  5. Albertsons Companies, LLC. 5.75% 1.93%
  6. Booz Allen Hamilton Hldg Corp 5.12% 1.73%
  7. Reynolds Group Issuer LLC. 7% 1.63%
  8. Albertsons Companies, LLC. 6.62% 1.63%
  9. Vistra Energy Corporation 5.88% 1.60%
  10. Change Healthcare Holdings LLC/ Change Healthcare Finance Inc 5.75% 1.50%

Asset Allocation

Weighting Return Low Return High ATIPX % Rank
Bonds
91.18% 80.46% 148.76% 83.04%
Cash
8.82% -49.31% 19.40% 10.27%
Stocks
0.00% 0.00% 8.60% 91.07%
Preferred Stocks
0.00% 0.00% 5.25% 88.39%
Other
0.00% -4.83% 41.18% 83.26%
Convertible Bonds
0.00% 0.00% 6.42% 92.41%

Bond Sector Breakdown

Weighting Return Low Return High ATIPX % Rank
Corporate
91.18% 58.22% 100.00% 80.80%
Cash & Equivalents
8.82% 0.00% 32.30% 11.83%
Derivative
0.00% 0.00% 7.46% 83.04%
Securitized
0.00% 0.00% 11.23% 86.16%
Municipal
0.00% 0.00% 0.60% 79.02%
Government
0.00% 0.00% 21.25% 85.27%

Bond Geographic Breakdown

Weighting Return Low Return High ATIPX % Rank
US
90.50% 65.89% 127.59% 4.91%
Non US
0.68% 0.17% 29.53% 99.11%

Expenses

ATIPX - Expenses

Operational Fees

ATIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.13% 20.17% 33.86%
Management Fee 0.65% 0.00% 1.10% 83.82%
12b-1 Fee 0.40% 0.00% 1.00% 57.98%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

ATIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ATIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 88.78%

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.

ATIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 124.00% 16.00% 216.00% 98.42%

Distributions

ATIPX - Distributions

Dividend Yield Analysis

ATIPX Category Low Category High ATIPX % Rank
Dividend Yield 0.00% 0.00% 2.43% 78.79%

Dividend Distribution Analysis

ATIPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

ATIPX Category Low Category High ATIPX % Rank
Net Income Ratio 3.16% 2.13% 9.34% 98.20%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ATIPX - Fund Manager Analysis

Managers

Sandy Rufenacht


Start Date

Tenure

Tenure Rank

Jun 01, 2006

14.09

14.1%

Rufenacht is chief investment officer and portfolio manager with Three Peaks Capital Management, LLC. Prior to forming Three Peaks Capital Management, Mr. Rufenacht was Executive Vice President and Portfolio Manager of Janus funds. Since July 2003 he has been the founder, principal and Chief Executive Officer of Three Peaks Capital Management. He holds a Bachelor of Arts degree in Business from the University of Northern Colorado.

Dave Battilega


Start Date

Tenure

Tenure Rank

Oct 30, 2013

6.67

6.7%

Dave Battilega is the Co-Portfolio Manager. Mr. Battilega has been Assistant Portfolio Manager , as well as Director of Trading for Three Peaks Capital Management since January 2012. Mr. Battilega joined Three Peaks Capital Management in 2004 as a research analyst and later transitioned to trading and portfolio analytics. Mr. Battilega is a graduate of the University of Northern Colorado, holding degrees in both Finance and Accounting.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 35.88 6.83 1.5