BRMSX: Bramshill Income Performance Fund - MutualFunds.com
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Bramshill Income Performance Instl

BRMSX - Snapshot

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $881 M
  • Holdings in Top 10 44.3%

52 WEEK LOW AND HIGH

$10.55
$10.02
$10.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

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

BROKERAGE FEES

  • Turnover 83.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Compare BRMSX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.09

-0.08%

$140.17 B

3.64%

$0.44

-0.17%

1.09%

$10.36

0.00%

$41.21 B

2.42%

$0.25

-0.10%

0.75%

$8.52

+0.12%

$24.92 B

3.11%

$0.26

1.31%

0.78%

$12.80

0.00%

$16.22 B

1.93%

$0.25

1.51%

0.96%

$9.54

0.00%

$12.13 B

4.26%

$0.41

1.17%

0.41%

BRMSX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.27%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Bramshill Income Performance Fund
  • Fund Family Name
    Bramshill Investments
  • Inception Date
    Apr 11, 2016
  • Shares Outstanding
    83542687
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Art DeGaetano

Fund Description

The fund's investments are comprised of a tactical portfolio of income-producing securities, including up to 80% in investment grade corporate bonds and up to 40% in high yield bonds (i.e. junk bonds). It may also invest up to 70% in preferred stocks, up to 80% in U.S. municipal bonds, and up to 100% in U.S. Treasuries. The fund may also invest up to 15% in fixed income closed-end funds and up to 25% in fixed income exchange traded funds ("ETFs"). It may also invest up to 25% in foreign issuers of U.S. dollar denominated fixed income securities.


BRMSX - Performance

Return Ranking - Trailing

Period BRMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -34.4% 23.8% 33.33%
1 Yr 10.6% -43.4% 54.3% 34.97%
3 Yr 5.7%* -15.5% 11.8% 34.19%
5 Yr 4.3%* -17.0% 14.5% 52.09%
10 Yr N/A* -1.6% 12.9% N/A

* Annualized

Return Ranking - Calendar

Period BRMSX Return Category Return Low Category Return High Rank in Category (%)
2020 3.8% -49.2% 314.3% 25.52%
2019 5.2% -35.1% 15.3% 39.70%
2018 -3.2% -48.0% 3.4% 24.54%
2017 -2.1% -14.8% 11.2% 94.99%
2016 N/A -11.2% 10.7% N/A

Total Return Ranking - Trailing

Period BRMSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -34.4% 23.8% 33.33%
1 Yr 10.6% -46.7% 54.3% 29.91%
3 Yr 5.7%* -17.1% 13.4% 29.64%
5 Yr 4.3%* -18.0% 14.5% 47.48%
10 Yr N/A* -1.6% 12.9% N/A

* Annualized

Total Return Ranking - Calendar

Period BRMSX Return Category Return Low Category Return High Rank in Category (%)
2020 3.8% -49.2% 314.3% 25.52%
2019 5.8% -35.1% 15.3% 33.98%
2018 0.7% -48.0% 8.0% 7.96%
2017 1.3% -14.8% 15.2% 74.42%
2016 N/A -11.2% 17.7% N/A

NAV & Total Return History


BRMSX - Holdings

Concentration Analysis

BRMSX Category Low Category High BRMSX % Rank
Net Assets 881 M 10 140 B 44.12%
Number of Holdings 83 3 8055 78.99%
Net Assets in Top 10 388 M -3.15 B 6.07 B 22.85%
Weighting of Top 10 44.30% 4.2% 100.0% 28.44%

Top 10 Holdings

  1. United States Treasury Notes 2.5% 12.44%
  2. United States Treasury Notes 2.63% 11.08%
  3. United States Treasury Notes 1.75% 9.86%
  4. United States Treasury Notes 2.63% 7.73%
  5. SEMPRA ENERGY 3.92%
  6. SEMPRA ENERGY 3.92%
  7. SEMPRA ENERGY 3.92%
  8. SEMPRA ENERGY 3.92%
  9. SEMPRA ENERGY 3.92%
  10. SEMPRA ENERGY 3.92%

Asset Allocation

Weighting Return Low Return High BRMSX % Rank
Bonds
75.98% -146.87% 217.61% 75.31%
Preferred Stocks
14.05% 0.00% 31.40% 1.23%
Cash
8.01% -155.41% 259.83% 42.63%
Stocks
1.09% -54.77% 184.68% 29.12%
Other
0.45% -45.66% 104.83% 18.67%
Convertible Bonds
0.42% 0.00% 129.09% 74.82%

Stock Sector Breakdown

Weighting Return Low Return High BRMSX % Rank
Technology
19.89% 0.00% 100.00% 4.75%
Financial Services
12.94% 0.00% 100.00% 33.98%
Healthcare
12.30% 0.00% 100.00% 8.27%
Consumer Cyclical
9.75% 0.00% 100.00% 23.24%
Communication Services
9.20% 0.00% 100.00% 23.42%
Energy
8.89% 0.00% 100.00% 43.31%
Industrials
7.53% 0.00% 100.00% 28.87%
Utilities
5.73% 0.00% 100.00% 16.90%
Consumer Defense
5.64% 0.00% 100.00% 17.78%
Real Estate
4.28% 0.00% 100.00% 27.82%
Basic Materials
3.84% 0.00% 52.35% 23.59%

Stock Geographic Breakdown

Weighting Return Low Return High BRMSX % Rank
US
0.88% -50.06% 184.68% 27.52%
Non US
0.21% -4.71% 25.18% 20.64%

Bond Sector Breakdown

Weighting Return Low Return High BRMSX % Rank
Corporate
58.06% 0.00% 100.00% 33.54%
Government
22.64% 0.00% 99.63% 24.45%
Municipal
9.52% 0.00% 55.87% 1.97%
Cash & Equivalents
9.12% 0.00% 100.00% 43.86%
Securitized
0.50% 0.00% 98.90% 89.07%
Derivative
0.16% 0.00% 59.04% 49.75%

Bond Geographic Breakdown

Weighting Return Low Return High BRMSX % Rank
US
70.74% -147.15% 292.53% 32.80%
Non US
5.24% -225.98% 126.35% 89.80%

BRMSX - Expenses

Operational Fees

BRMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.38% 0.02% 5.53% 36.54%
Management Fee 0.85% 0.00% 2.25% 74.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

BRMSX 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 1.00% 5.50% N/A

Trading Fees

BRMSX 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.

BRMSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 0.00% 498.00% 49.18%

BRMSX - Distributions

Dividend Yield Analysis

BRMSX Category Low Category High BRMSX % Rank
Dividend Yield 3.14% 0.00% 3.34% 79.12%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BRMSX Category Low Category High BRMSX % Rank
Net Income Ratio 3.27% -1.28% 11.44% 46.30%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

BRMSX - Fund Manager Analysis

Managers

Art DeGaetano


Start Date

Tenure

Tenure Rank

Apr 11, 2016

5.22

5.2%

Art DeGaetano is a Principal of Bramshill Investments. Before starting Bramshill in May of 2012, Mr. DeGaetano was a Senior Portfolio Manager at GLG Partners from 2007. Prior to GLG Partners, he traded at RBS Greenwich Capital where he was a Managing Director and Head of Credit Trading for two years. Prior to RBS, he traded for 12 years for Bear Stearns and was a Senior Managing Director and Head Trader on the high yield desk. Mr. DeGaetano has a B.A. from Colgate University. Mr. DeGaetano has been the primary portfolio manager for the Bramshill Income Performance strategy since its inception in April 2016.

Derek Pines


Start Date

Tenure

Tenure Rank

Apr 11, 2016

5.22

5.2%

Derek Pines is a Portfolio Manager and Analyst at Bramshill Investments. Prior to joining Bramshill Investments in 2012, Mr. Pines spent 10 years as a Proprietary Trader and Portfolio Manager specializing in quantitative strategies across a variety of asset classes, the bulk of that time with Assent (Sungard Financial) and most recently Chimera Securities. He also spent a year with Accenture in their Core Trading Services Group. Mr. Pines holds a Masters Graduate Certificate in Algorithmic Trading from Stevens University. Mr. Pines graduated cum laude with a B.S. in finance from Georgetown University.

Michael Hirschfield


Start Date

Tenure

Tenure Rank

Jan 31, 2018

3.41

3.4%

Mr. Hirschfield is a Portfolio Manager at Bramshill Investments focusing on credit and special situations. He is a member of the firm’s investment committee. Before joining Bramshill Investments in 2018, Mr. Hirschfield served over 9 years as Portfolio Manager for Man Group, the world’s largest publicly listed Hedge Fund. He ran the US Credit portfolio for their GLG Market Neutral Fund, a multi-strategy credit fund. Michael also worked alongside Bramshill founder, Art DeGaetano, during their tenures together at GLG Partners, helping to develop the predecessor to the Bramshill Income Performance Strategy in 2009. Prior to GLG Partners, Michael was Head Trader for Cedarview Capital, an event-driven credit hedge fund. Prior to the buy-side, Mr. Hirschfield worked as a sell-side bond trader for FTN Financial on their Investment Grade Corporate Bond desk. Michael became a CFA charter holder in 2007. He received his B.A. in Economics in 2003 from Yale University. Michael co-founded the Bulldogs Care Foundation, a 501c charitable foundation which raises funds to support student-athlete development programs for underprivileged youth in NYC. The foundation honors four Yale Bulldogs who passed away in a tragic car accident in 2003. Michael serves on the board and has helped to raise over $1.1mm its since inception in 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 27.52 5.52 2.28