ATMSX: Anchor Risk Managed Municipal Strategies Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$11.03

-

1.48%

$0.16

3.70%

Vitals

YTD Return

5.3%

1 yr return

11.5%

3 Yr Avg Return

6.1%

5 Yr Avg Return

N/A

Net Assets

$19.4 M

Holdings in Top 10

83.6%

52 WEEK LOW AND HIGH

$10.98
$9.98
$11.08

Expenses

OPERATING FEES

Expense Ratio 3.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 153.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Interm


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$11.03

-

1.48%

$0.16

3.70%

ATMSX - Profile

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.47%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Anchor Risk Managed Municipal Strategies Fund
  • Fund Family Name
    Anchor
  • Inception Date
    Sep 06, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Eric Leake

Fund Description

Under normal market conditions, the fund invests, directly or indirectly through unaffiliated exchange traded funds ("ETFs") and mutual funds, at least 80% of its net assets (plus the amount of borrowings, if any) in long and short positions in municipal debt instruments. It may invest in inverse funds linked to U.S. Treasury securities when the adviser believes this strategy will provide an effective hedge to manage interest rate risk.


ATMSX - Performance

Return Ranking - Trailing

Period ATMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -88.5% 9.7% 3.04%
1 Yr 11.5% -20.5% 20.4% 2.67%
3 Yr 6.1%* -6.2% 10.9% 9.42%
5 Yr N/A* -3.5% 7.1% N/A
10 Yr N/A* -0.2% 9.3% N/A

* Annualized

Return Ranking - Calendar

Period ATMSX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.3% -91.1% 310.0% 81.59%
2019 11.7% -79.8% 15.4% 0.55%
2018 -4.0% -72.6% 97.2% 83.31%
2017 1.3% -100.0% 7.6% 52.51%
2016 N/A -35.9% 96.8% N/A

Total Return Ranking - Trailing

Period ATMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -88.5% 9.7% 3.04%
1 Yr 11.5% -24.2% 24.2% 1.78%
3 Yr 6.1%* -7.0% 11.7% 9.24%
5 Yr N/A* -4.0% 7.1% N/A
10 Yr N/A* -0.6% 9.3% N/A

* Annualized

Total Return Ranking - Calendar

Period ATMSX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.3% -91.1% 310.0% 81.59%
2019 12.0% -79.8% 15.4% 0.55%
2018 -2.6% -72.6% 11.0% 56.85%
2017 2.3% -100.0% 7.6% 32.09%
2016 N/A -35.9% 3.0% N/A

NAV & Total Return History


ATMSX - Holdings

Concentration Analysis

ATMSX Category Low Category High ATMSX % Rank
Net Assets 19.4 M 882 K 88.1 B 97.56%
Number of Holdings 17 1 12437 85.15%
Net Assets in Top 10 19.7 M -308 M 3.89 B 59.57%
Weighting of Top 10 83.56% 2.4% 100.0% 15.15%

Top 10 Holdings

  1. MainStay MacKay Tax Free Bond I 17.17%
  2. Nuveen Quality Muni Income Fund 9.54%
  3. Nuveen AMT-Free Muni Credit Inc 9.23%
  4. Nuveen AMT-Free Quality Muni Inc 9.21%
  5. Nuveen CA Quality Muni Income 8.77%
  6. Nuveen Municipal Credit Income 7.06%
  7. Nuveen Municipal Value 6.60%
  8. Nuveen Muni High Inc Opp 6.48%
  9. Nuveen CA AMT - Free Quality Muni Inc 4.90%
  10. BlackRock MuniYield CA Quality 4.59%

Asset Allocation

Weighting Return Low Return High ATMSX % Rank
Bonds
94.17% 46.14% 145.79% 85.81%
Cash
5.59% -45.79% 53.86% 14.69%
Stocks
0.23% -0.15% 2.54% 2.41%
Preferred Stocks
0.00% -3.40% 1.05% 19.46%
Other
0.00% -13.42% 30.00% 22.36%
Convertible Bonds
0.00% -0.02% 1.15% 19.99%

Stock Sector Breakdown

Weighting Return Low Return High ATMSX % Rank
Utilities
0.00% 0.00% 0.00% 43.75%
Technology
0.00% 0.00% 0.00% 43.75%
Real Estate
0.00% 0.00% 0.00% 43.75%
Industrials
0.00% 0.00% 100.00% 18.75%
Healthcare
0.00% 0.00% 0.00% 43.75%
Financial Services
0.00% 0.00% 0.00% 43.75%
Energy
0.00% 0.00% 0.00% 43.75%
Communication Services
0.00% 0.00% 0.00% 43.75%
Consumer Defense
0.00% 0.00% 0.00% 43.75%
Consumer Cyclical
0.00% 0.00% 100.00% 62.50%
Basic Materials
0.00% 0.00% 18.60% 93.75%

Stock Geographic Breakdown

Weighting Return Low Return High ATMSX % Rank
US
0.23% -0.15% 2.54% 2.41%
Non US
0.00% 0.00% 0.00% 19.71%

Bond Sector Breakdown

Weighting Return Low Return High ATMSX % Rank
Municipal
94.52% 46.14% 100.00% 82.90%
Cash & Equivalents
5.44% 0.00% 53.86% 16.12%
Corporate
0.04% 0.00% 12.41% 14.12%
Derivative
0.00% 0.00% 0.07% 19.79%
Securitized
0.00% 0.00% 7.63% 20.77%
Government
0.00% 0.00% 50.63% 24.07%

Bond Geographic Breakdown

Weighting Return Low Return High ATMSX % Rank
US
91.35% 0.00% 141.11% 85.07%
Non US
2.82% 0.00% 100.00% 25.30%

ATMSX - Expenses

Operational Fees

ATMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.70% 0.04% 4.23% 0.13%
Management Fee 1.60% 0.00% 1.60% 100.00%
12b-1 Fee 0.25% 0.00% 1.00% 37.43%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

ATMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

ATMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 66.67%

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.

ATMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 153.00% 0.00% 299.40% 98.81%

ATMSX - Distributions

Dividend Yield Analysis

ATMSX Category Low Category High ATMSX % Rank
Dividend Yield 1.48% 0.00% 35.27% 28.44%

Dividend Distribution Analysis

ATMSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ATMSX Category Low Category High ATMSX % Rank
Net Income Ratio 1.47% -1.65% 24.00% 81.28%

Capital Gain Distribution Analysis

ATMSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Monthly

Dividend Payout History

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ATMSX - Fund Manager Analysis

Managers

Eric Leake


Start Date

Tenure

Tenure Rank

Sep 06, 2016

4.99

5.0%

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

Sep 06, 2016

4.99

5.0%

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
0.01 36.44 7.21 0.83