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BPIRX Boston Partners Long/Short Rsrch Instl

  • Fund
  • BPIRX
  • Price as of: Jul 19, 2019
  • $15.46 + $0.01 + 0.07%
  • Category
  • Long-Short

BPIRX - Profile

Vitals

  • YTD Return 7.1%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $3.75 B
  • Holdings in Top 10 11.2%

52 WEEK LOW AND HIGH

$15.46
$13.97
$16.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 60.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.19%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Boston Partners Long/Short Research Fund
  • Fund Family Name Boston Partners
  • Inception Date Sep 30, 2010
  • Shares Outstanding 240988116
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Eric S. Connerly

Fund Description

The fund actively invests in long positions in stocks identified by the Adviser as undervalued and takes short positions in stocks that the Adviser has identified as overvalued. The cash proceeds from short sales (i.e. sales of securities the fund does not own) are invested in short-term cash instruments to produce a return on such proceeds just below the federal funds rate. The fund invests, both long and short, in equity securities issued by large-, mid- and small (or "micro") cap companies, as well as other instruments that are convertible into equity securities.

BPIRX - Performance

Return Ranking - Trailing

Period BPIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -14.5% 32.1% 55.17%
1 Yr -6.8% -27.0% 12.9% 73.56%
3 Yr 0.8%* -25.9% 13.5% 60.34%
5 Yr 0.5%* -24.8% 12.0% 51.23%
10 Yr N/A* -12.5% 10.8% N/A

* Annualized


Return Ranking - Calendar

Period BPIRX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.2% -24.8% 12.7% 77.59%
2017 10.1% -46.3% 26.8% 26.44%
2016 3.6% -20.0% 25.3% 45.29%
2015 -2.5% -22.2% 14.0% 40.83%
2014 6.0% -24.3% 60.7% 23.91%

Total Return Ranking - Trailing

Period BPIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -14.5% 32.1% 57.47%
1 Yr -6.8% -26.7% 12.9% 77.01%
3 Yr 0.8%* -8.9% 13.5% 71.84%
5 Yr 1.5%* -9.2% 15.9% 55.56%
10 Yr N/A* -7.5% 13.1% N/A

* Annualized


Total Return Ranking - Calendar

Period BPIRX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.2% -24.8% 12.7% 78.74%
2017 10.1% -12.7% 26.8% 47.70%
2016 3.6% -15.5% 25.3% 50.00%
2015 1.3% -17.3% 22.6% 20.12%
2014 7.4% -15.0% 64.3% 21.74%

NAV & Total Return History

BPIRX - Holdings

Concentration Analysis

BPIRX Category Low Category High BPIRX % Rank
Net Assets 3.75 B 2.32 M 8.1 B 5.17%
Number of Holdings 409 3 2278 9.20%
Net Assets in Top 10 856 M -162 M 2.09 B 9.20%
Weighting of Top 10 11.23% 0.0% 98.8% 94.83%

Top 10 Holdings

  1. Alphabet Inc A 1.91%

  2. Johnson & Johnson 1.27%

  3. NetApp Inc 1.08%

  4. Microsoft Corp 1.07%

  5. Bank of America Corporation 1.04%

  6. JPMorgan Chase & Co 0.99%

  7. Citigroup Inc 0.99%

  8. Samsung Electronics Co Ltd 0.97%

  9. Comcast Corp Class A 0.97%

  10. eBay Inc 0.94%


Asset Allocation

Weighting Return Low Return High BPIRX % Rank
Cash
52.27% -17.34% 100.06% 16.09%
Stocks
47.25% -0.11% 107.30% 77.01%
Other
0.48% -5.22% 46.57% 20.69%
Preferred Stocks
0.00% -0.82% 2.67% 12.07%
Convertible Bonds
0.00% -0.01% 2.82% 21.84%
Bonds
0.00% -9.01% 92.61% 31.03%

Stock Sector Breakdown

Weighting Return Low Return High BPIRX % Rank
Financial Services
12.31% 0.00% 33.33% 39.77%
Technology
11.76% -4.90% 37.98% 42.69%
Industrials
8.13% -9.10% 21.99% 39.77%
Healthcare
7.86% -2.86% 48.92% 51.46%
Energy
4.11% 0.00% 18.75% 37.43%
Basic Materials
2.67% -2.01% 16.56% 29.24%
Communication Services
1.58% -4.54% 13.29% 61.40%
Consumer Defense
1.40% -7.58% 18.29% 69.01%
Consumer Cyclical
0.54% -6.55% 27.39% 87.72%
Utilities
-0.50% -2.27% 11.21% 93.57%
Real Estate
-1.88% -9.01% 40.55% 95.32%

Stock Geographic Breakdown

Weighting Return Low Return High BPIRX % Rank
US
39.03% -0.11% 105.83% 71.26%
Non US
8.22% -0.84% 93.74% 32.18%

BPIRX - Expenses

Operational Fees

BPIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.09% 0.42% 4.90% 47.70%
Management Fee 1.25% 0.25% 2.25% 60.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.55% 25.83%

Sales Fees

BPIRX 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% 1.00% N/A

Trading Fees

BPIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 51.92%

Turnover 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.

BPIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.00% 5067.00% 27.59%

BPIRX - Distributions

Dividend Yield Analysis

BPIRX Category Low Category High BPIRX % Rank
Dividend Yield 0.00% 0.00% 0.12% 44.83%

Dividend Distribution Analysis

BPIRX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

BPIRX Category Low Category High BPIRX % Rank
Net Income Ratio -0.19% -2.95% 1.42% 55.17%

Capital Gain Distribution Analysis

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

BPIRX - Managers

Eric S. Connerly

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2010

8.75

8.8%

Mr. Connerly is the Director of Research-Quantitative for Boston Partners. Prior to assuming this role, he was a research analyst covering the financial, electronics, defense, transportation, and energy sectors and managed a merger arbitrage portfolio. He joined the firm from John Hancock Mutual Funds where he was an analyst and assisted in the management of a small cap portfolio. Prior to that, he was a senior equity analyst at SEI Investments overseeing their small cap equity portfolios. Mr. Connerly holds a BSFS degree cum laude in development economics from Georgetown University and an MBA degree in security analysis and investment management, Beta Gamma Sigma, from Columbia Business School. He holds the Chartered Financial Analyst designation.


Joseph F. Feeney

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2010

8.75

8.8%

Mr. Feeney is Co-Chief Executive Officer and Chief Investment Officer for Robeco. He is responsible for the firm’s strategic, financial and operating decisions, and all aspects of investment management including the firm’s fundamental and quantitative research groups. He was one of the original partners of Boston Partners Asset Management in 1995. Prior to assuming these roles, he was Director of Research. Mr. Feeney joined the firm upon its inception in 1995 from Putnam Investments where he managed mortgage-backed securities portfolios. He began his career at the Bank of Boston where he was a loan officer specializing on highly leveraged loan portfolios. Mr. Feeney holds a B.S. degree in finance (Summa Cum Laude, Phi Beta Kappa) from the University of New Hampshire and an M.B.A. with High Honors from the University of Chicago. He holds the Chartered Financial Analyst designation and is past President of the Fixed Income Management Society of Boston.From 1985 to 1991, he was a commercial loan officer for the Bank of Boston, specializing in transportation, industrial and highly leveraged loan portfolios.


Tenure Analysis

Category Low

0.18

Category High

41.03

Category Average

6.74

Category Mode

5.53