BIVSX: Invenomic Fund - MutualFunds.com

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Invenomic Fund

BIVSX - Snapshot

Vitals

  • YTD Return 10.1%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $128 M
  • Holdings in Top 10 24.2%

52 WEEK LOW AND HIGH

$12.79
$9.41
$12.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.58%

SALES FEES

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

BROKERAGE FEES

  • Turnover 100.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $50,000,000
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Compare BIVSX to Popular Long-Short Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$16.70

+0.06%

$3.78 B

-

$0.00

13.45%

-

$25.87

-0.15%

$1.94 B

0.66%

$0.17

-1.60%

-

$8.17

-0.12%

$1.16 B

10.69%

$0.87

-18.71%

-

$14.17

+0.14%

$1.11 B

0.00%

$0.00

7.84%

-

$14.26

-0.21%

$899.40 M

1.47%

$0.21

-10.20%

-

BIVSX - Profile

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.30%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Invenomic Fund
  • Fund Family Name
    Balter
  • Inception Date
    May 10, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ali Motamed

Fund Description

The fund invests primarily in both long and short positions in equity securities principally traded in United States markets. Under normal market conditions, the Sub-Adviser seeks to be fully invested in the long portfolio (greater than 90%), while allowing the size of the short portfolio to fluctuate based on the market opportunity. The fund may invest in equity securities of any type and across all market capitalizations. It may invest in securities of companies operating less than three years ("unseasoned issuers") and in initial public offerings of securities ("IPO").


BIVSX - Performance

Return Ranking - Trailing

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -34.8% 85.0% 29.19%
1 Yr -3.7% -24.2% 81.3% 62.02%
3 Yr 4.7%* -13.3% 17.9% 25.51%
5 Yr N/A* -5.7% 14.2% N/A
10 Yr N/A* -0.8% 9.6% N/A

* Annualized

Return Ranking - Calendar

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -12.2% 37.8% N/A
2018 N/A -41.4% 12.7% N/A
2017 N/A -67.1% 21.9% N/A
2016 N/A -17.3% 25.3% N/A
2015 N/A -26.2% 11.6% N/A

Total Return Ranking - Trailing

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -34.8% 85.0% 29.19%
1 Yr -3.7% -28.1% 81.3% 60.10%
3 Yr 4.7%* -14.4% 17.9% 21.94%
5 Yr N/A* -6.2% 14.2% N/A
10 Yr N/A* -0.8% 9.6% N/A

* Annualized

Total Return Ranking - Calendar

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -12.2% 37.8% N/A
2018 N/A -23.0% 12.7% N/A
2017 N/A -3.6% 25.0% N/A
2016 N/A -15.5% 25.3% N/A
2015 N/A -26.2% 11.6% N/A

NAV & Total Return History


BIVSX - Holdings

Concentration Analysis

BIVSX Category Low Category High BIVSX % Rank
Net Assets 128 M 0 3.78 B 38.21%
Number of Holdings 318 3 2577 15.71%
Net Assets in Top 10 24.8 M -166 M 685 M 47.62%
Weighting of Top 10 24.15% 1.5% 100.0% 83.53%

Top 10 Holdings

  1. Sprott 3.26%
  2. K12 Inc 3.20%
  3. Atlas Air Worldwide Holdings Inc 3.11%
  4. Diamond Hill Investment Group Inc Class A 2.67%
  5. H&R Block Inc 2.63%
  6. Heidrick & Struggles International Inc 2.56%
  7. Dorel Industries Inc Class B 2.29%
  8. First American Government Obligs X 2.27%
  9. Hamilton Lane Inc Class A 2.18%
  10. The Michaels Companies Inc 2.16%

Asset Allocation

Weighting Return Low Return High BIVSX % Rank
Cash
83.31% -178.47% 112.61% 11.43%
Stocks
17.67% -12.61% 278.47% 87.26%
Preferred Stocks
0.00% 0.00% 3.47% 89.05%
Convertible Bonds
0.00% 0.00% 5.58% 90.00%
Bonds
0.00% -9.38% 152.17% 87.74%
Other
-0.98% -12.25% 131.29% 92.38%

BIVSX - Expenses

Operational Fees

BIVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.58% 0.40% 12.79% 38.94%
Management Fee 1.74% 0.00% 2.25% 94.84%
12b-1 Fee 0.00% 0.00% 1.00% 24.22%
Administrative Fee N/A 0.03% 1.47% N/A

Sales Fees

BIVSX 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

BIVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 88.24%

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.

BIVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 100.00% 0.00% 470.00% 39.20%

BIVSX - Distributions

Dividend Yield Analysis

BIVSX Category Low Category High BIVSX % Rank
Dividend Yield 2.89% 0.00% 21.66% 2.35%

Dividend Distribution Analysis

BIVSX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

BIVSX Category Low Category High BIVSX % Rank
Net Income Ratio -0.30% -2.65% 3.99% 67.79%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

BIVSX - Fund Manager Analysis

Managers

Ali Motamed


Start Date

Tenure

Tenure Rank

Jun 19, 2017

3.37

3.4%

Ali Motamed is the Managing Partner with Invenomic Capital Management LP. Prior to forming the Invenomic Capital Management, he was a Senior Analyst and a Portfolio Manager with Robeco Investment Management, Inc. (“RIM”), specializing in fundamental research of stocks held in the Boston Partners Long/Short Equity Fund and related strategy. He was awarded Portfolio Manager of the Year in the Alternatives Category by Morningstar in 2014. He joined the RIM in 2003, having previously held positions at Deutsche Bank and BT Wolfensohn, where he was a member of the global mergers and acquisitions teams. Mr. Motamed holds a B.A. degree in economics with a minor in accounting from the University of California, Los Angeles, and an M.B.A. degree from Harvard Business School. He holds the Chartered Financial Analyst designation.

Benjamin Deschaine


Start Date

Tenure

Tenure Rank

Jun 19, 2017

3.37

3.4%

Benjamin R. Deschaine, Senior Research Analyst of BCM and the Adviser, is a co-portfolio manager of the Fund. Prior to 2012, Mr. Deschaine was a Managing Director at Sabretooth Capital Management, LLC, a global multi-strategy hedge fund affiliated with Tiger Management and a Portfolio Manager and Senior Analyst at Federal Street Advisors

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.97 5.7 6.35
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