Forefront Income
Name
As of 02/03/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
4.2%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
3.6%
Net Assets
$N/A
Holdings in Top 10
44.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.75%
SALES FEES
Front Load 3.00%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 02/03/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BFITX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.79%
- Dividend Yield 6.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameForefront Income Trust
-
Fund Family NameForefront Income Trust
-
Inception DateDec 31, 2014
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCole Reifler
Fund Description
BFITX - Performance
Return Ranking - Trailing
| Period | BFITX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -6.9% | 6.5% | 5.56% |
| 1 Yr | 4.2% | -14.7% | 23.8% | 2.03% |
| 3 Yr | -0.3%* | -8.2% | 56.8% | 11.11% |
| 5 Yr | 3.6%* | -8.1% | 29.5% | 4.26% |
| 10 Yr | N/A* | -5.2% | 13.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BFITX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -22.9% | 5.5% | 4.91% |
| 2022 | -0.2% | -6.3% | 5.5% | 92.01% |
| 2021 | 4.1% | -7.9% | 57.4% | 2.93% |
| 2020 | 5.5% | -2.1% | 5.5% | 0.37% |
| 2019 | -4.2% | -4.2% | 12.9% | 100.00% |
Total Return Ranking - Trailing
| Period | BFITX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -6.9% | 6.5% | 5.56% |
| 1 Yr | 1.1% | -14.7% | 24.7% | 6.25% |
| 3 Yr | -1.3%* | -8.2% | 56.8% | 48.61% |
| 5 Yr | 3.0%* | -8.1% | 29.5% | 7.87% |
| 10 Yr | N/A* | -5.2% | 13.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BFITX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -22.9% | 5.5% | 4.91% |
| 2022 | -0.2% | -6.3% | 5.5% | 92.01% |
| 2021 | 4.1% | -7.9% | 57.4% | 2.93% |
| 2020 | 5.5% | -2.1% | 5.5% | 0.37% |
| 2019 | -4.2% | -4.2% | 12.9% | 100.00% |
NAV & Total Return History
BFITX - Holdings
Concentration Analysis
| BFITX | Category Low | Category High | BFITX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 25 M | 13.1 B | N/A |
| Number of Holdings | 13 | 12 | 1447 | 98.03% |
| Net Assets in Top 10 | 4.02 M | -191 M | 2.54 B | 97.05% |
| Weighting of Top 10 | 44.30% | 4.6% | 91.9% | 7.64% |
Top 10 Holdings
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
- Whpeq, Llc 27.54%
Asset Allocation
| Weighting | Return Low | Return High | BFITX % Rank | |
|---|---|---|---|---|
| Cash | 55.70% | -61.90% | 58.61% | 0.66% |
| Bonds | 44.30% | 28.71% | 161.82% | 99.02% |
| Stocks | 0.00% | 0.00% | 51.23% | 86.89% |
| Preferred Stocks | 0.00% | -3.99% | 1.54% | 51.48% |
| Other | 0.00% | -54.21% | 26.58% | 63.61% |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | 60.98% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BFITX % Rank | |
|---|---|---|---|---|
| Derivative | 0.00% | 0.00% | 7.03% | 29.73% |
| Cash & Equivalents | 0.00% | 0.00% | 58.41% | 2.70% |
| Securitized | 0.00% | 0.00% | 96.93% | 64.86% |
| Corporate | 0.00% | 0.00% | 99.80% | 100.00% |
| Municipal | 0.00% | 0.00% | 0.47% | 29.73% |
| Government | 0.00% | 0.00% | 5.93% | 35.14% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BFITX % Rank | |
|---|---|---|---|---|
| US | 44.30% | 14.05% | 128.54% | 89.18% |
| Non US | 0.00% | 0.00% | 84.20% | 97.05% |
BFITX - Expenses
Operational Fees
| BFITX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.75% | 0.03% | 7.31% | 30.48% |
| Management Fee | 0.00% | 0.00% | 1.89% | 0.66% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
| BFITX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.00% | 0.00% | 5.75% | 39.71% |
| Deferred Load | N/A | 1.00% | 3.00% | N/A |
Trading Fees
| BFITX 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.
| BFITX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 3.00% | 215.00% | 2.86% |
BFITX - Distributions
Dividend Yield Analysis
| BFITX | Category Low | Category High | BFITX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.59% | 0.00% | 9.41% | 89.91% |
Dividend Distribution Analysis
| BFITX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| BFITX | Category Low | Category High | BFITX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.79% | 1.56% | 10.22% | 39.73% |
Capital Gain Distribution Analysis
| BFITX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
BFITX - Fund Manager Analysis
Managers
Cole Reifler
Start Date
Tenure
Tenure Rank
Jan 30, 2017
3.84
3.8%
Cole Reifler is the President of Forefront Capital Advisors, LLC. He is responsible for development and sales. Mr. Reifler is also the President and Founder of Arora, a financial platform whose mission is to empower the world to be equally powered by women. He serves as President of Young Minds for Gender Equality Foundation, a nonprofit organization advancing gender equality, as well as the co-chair of the Easter Seals Millennial Board. In 2014, Mr. Reifler realized the unfairness in the investment environment, which is why he made it his mission to solve wealth inequality using finance. He joined Forefront Income Trust in 2014 to give the middle class access to investment opportunities typically reserved for the top 1%. Mr. Reifler serves on multiple corporate and advisory boards. He holds a BA in finance from Elon University.
Brian Weiner
Start Date
Tenure
Tenure Rank
Jan 30, 2017
3.84
3.8%
Brian Weiner is Senior Managing Director and a member of the Investment Committee of Forefront Capital Advisors, LLC. He has been part of the committee since January 2017. Prior to joining Forefront Mr. Weiner was the Senior President of Business Development for Trade Solutions and international specialty finance.
Michael Flatley
Start Date
Tenure
Tenure Rank
Jun 26, 2017
3.43
3.4%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 23.43 | 6.03 | 3.25 |