BDKNX: Braddock Multi-Strategy Income Fund - MutualFunds.com

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Braddock Multi-Strategy Income Instl

BDKNX - Snapshot

Vitals

  • YTD Return -33.1%
  • 3 Yr Annualized Return -8.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $865 M
  • Holdings in Top 10 16.3%

52 WEEK LOW AND HIGH

$6.96
$3.40
$10.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA $1,000,000

Fund Classification


Compare BDKNX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.76

+0.09%

$125.18 B

5.67%

$0.67

-2.33%

1.09%

$10.10

+0.10%

$32.57 B

3.34%

$0.34

1.30%

0.74%

$8.09

+0.25%

$18.31 B

4.04%

$0.33

-0.49%

0.79%

$9.75

0.00%

$17.55 B

6.73%

$0.66

-9.05%

0.92%

$12.40

+0.08%

$15.03 B

2.63%

$0.33

0.98%

0.97%

BDKNX - Profile

Distributions

  • YTD Total Return -33.1%
  • 3 Yr Annualized Total Return -8.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Braddock Multi-Strategy Income Fund
  • Fund Family Name
    Liberty Street
  • Inception Date
    Jul 31, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Garrett Tripp

Fund Description

Under normal market conditions, the fund will pursue its investment strategy by investing primarily in asset-backed debt securities. It may also invest up to 15% of its net assets in illiquid securities, which may include certain collateralized loan obligations ("CLOs"). The fund is non-diversified.


BDKNX - Performance

Return Ranking - Trailing

Period BDKNX Return Category Return Low Category Return High Rank in Category (%)
YTD -33.1% -38.9% 302.3% 99.86%
1 Yr -30.3% -30.9% 18.8% 99.72%
3 Yr -8.3%* -11.8% 8.1% 99.52%
5 Yr N/A* -15.5% 10.9% 0.80%
10 Yr N/A* -1.4% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period BDKNX Return Category Return Low Category Return High Rank in Category (%)
2019 2.4% -35.1% 15.3% 74.73%
2018 -1.2% -48.0% 3.1% 3.92%
2017 2.3% -14.8% 11.2% 36.01%
2016 0.5% -11.2% 10.7% 78.68%
2015 N/A -51.1% 4.8% N/A

Total Return Ranking - Trailing

Period BDKNX Return Category Return Low Category Return High Rank in Category (%)
YTD -33.1% -38.9% 302.3% 99.86%
1 Yr -30.3% -33.3% 18.8% 99.72%
3 Yr -8.3%* -13.6% 8.1% 99.36%
5 Yr N/A* -16.5% 10.9% 0.80%
10 Yr N/A* -1.4% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period BDKNX Return Category Return Low Category Return High Rank in Category (%)
2019 2.8% -35.1% 15.3% 73.48%
2018 2.9% -48.0% 8.0% 2.39%
2017 2.3% -14.8% 15.2% 59.23%
2016 0.5% -11.2% 17.7% 83.72%
2015 N/A -51.1% 5.4% N/A

NAV & Total Return History


BDKNX - Holdings

Concentration Analysis

BDKNX Category Low Category High BDKNX % Rank
Net Assets 865 M 2.71 M 125 B 40.93%
Number of Holdings 227 3 7722 69.44%
Net Assets in Top 10 158 M -3.22 B 29.7 B 41.69%
Weighting of Top 10 16.34% 4.9% 100.0% 73.04%

Top 10 Holdings

  1. MS Liquidity Fds Euro Lqdy Instl Acc 2.64%
  2. Fhlmc Wlst 3.81% 2.39%
  3. Federal Farm Credit Banks 5.43% 1.82%
  4. Fhlmc Wlst 4.14% 1.79%
  5. Federal Home Loan Mortgage Corporation 0.62% 1.55%
  6. Fhlmc Wlst 3.81% 1.38%
  7. Federal National Mortgage Association 3.43% 1.24%
  8. MULTIFAMILY CONNECTICUT AVENUE SECURITIES TRUST 2.13% 1.21%
  9. LOANPAL SOLAR LOAN 2020-1 LTD 2% 1.18%
  10. Home Partners Of America Trust 2.04% 1.15%

Asset Allocation

Weighting Return Low Return High BDKNX % Rank
Bonds
98.20% -256.79% 258.37% 14.94%
Cash
2.74% -164.01% 356.79% 69.15%
Convertible Bonds
0.08% 0.00% 160.39% 76.90%
Stocks
0.03% -65.68% 160.07% 48.74%
Preferred Stocks
0.00% 0.00% 28.52% 50.00%
Other
-1.06% -14.86% 100.67% 95.21%

Stock Sector Breakdown

Weighting Return Low Return High BDKNX % Rank
Technology
23.99% 0.00% 100.00% 5.81%
Healthcare
14.74% 0.00% 100.00% 17.21%
Financial Services
13.23% 0.00% 100.00% 31.86%
Communication Services
10.79% 0.00% 100.00% 24.42%
Consumer Cyclical
10.59% 0.00% 100.00% 24.65%
Industrials
8.38% 0.00% 100.00% 32.09%
Consumer Defense
7.38% 0.00% 94.96% 18.84%
Utilities
3.07% 0.00% 100.00% 33.02%
Real Estate
2.84% 0.00% 100.00% 29.30%
Energy
2.81% 0.00% 100.00% 34.19%
Basic Materials
2.19% 0.00% 29.24% 22.33%

Stock Geographic Breakdown

Weighting Return Low Return High BDKNX % Rank
US
0.03% -62.15% 160.07% 46.20%
Non US
0.00% -3.53% 3.09% 26.34%

Bond Sector Breakdown

Weighting Return Low Return High BDKNX % Rank
Securitized
97.17% 0.00% 98.82% 0.42%
Cash & Equivalents
2.72% 0.00% 100.00% 82.68%
Corporate
0.11% 0.00% 99.47% 92.54%
Derivative
0.00% 0.00% 68.51% 58.03%
Municipal
0.00% 0.00% 41.64% 40.00%
Government
0.00% 0.00% 99.16% 88.87%

Bond Geographic Breakdown

Weighting Return Low Return High BDKNX % Rank
US
91.66% -256.79% 241.12% 11.83%
Non US
6.54% -23.27% 123.13% 84.65%

BDKNX - Expenses

Operational Fees

BDKNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.01% 24.26% 36.35%
Management Fee 1.25% 0.00% 2.25% 90.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.70% 39.83%

Sales Fees

BDKNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BDKNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

BDKNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 493.00% 11.54%

BDKNX - Distributions

Dividend Yield Analysis

BDKNX Category Low Category High BDKNX % Rank
Dividend Yield 0.00% 0.00% 6.28% 9.35%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BDKNX Category Low Category High BDKNX % Rank
Net Income Ratio 4.03% -1.55% 18.14% 32.37%

Capital Gain Distribution Analysis

BDKNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

BDKNX - Fund Manager Analysis

Managers

Garrett Tripp


Start Date

Tenure

Tenure Rank

Jul 31, 2009

11.18

11.2%

Mr. Tripp, CFA, serves as the Senior Vice President and Senior Portfolio Manager of Braddock Financial LLC.

Toby Giordano


Start Date

Tenure

Tenure Rank

Jul 31, 2009

11.18

11.2%

Mr. Giordano, CFA, serves as the Vice President and Portfolio Manager of Braddock Financial LLC.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 29.4 5.44 1.53