BTIFX: Belmont Theta Income Fund - MutualFunds.com

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Belmont Theta Income Institutional

BTIFX - Snapshot

Vitals

  • YTD Return -6.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $13.3 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$18.78
$17.43
$20.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.02%

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $5,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Compare BTIFX to Popular Options-based Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$23.63

-0.09%

$12.74 B

1.16%

$0.27

11.15%

0.60%

$35.86

-0.22%

$6.71 B

0.71%

$0.26

3.37%

1.01%

$8.89

-1.11%

$2.45 B

-

-

-2.31%

1.07%

$12.33

-0.96%

$1.76 B

-

-

-0.24%

1.07%

$8.95

-0.22%

$1.51 B

-

-

-10.77%

0.87%

BTIFX - Profile

Distributions

  • YTD Total Return -6.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.06%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Belmont Theta Income Fund
  • Fund Family Name
    Belmont Capital Group
  • Inception Date
    Apr 30, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen Solaka

Fund Description

The fund utilizes an option premium collection strategy that implements a put spread and a call spread on the S&P 500® Index (SPX) to create a number of defined-risk trades. A defined risk trade is essentially where a series of financial instruments (such as options) are entered into where the terms and conditions of the financial instruments are, in combination, designed to limit the overall risk.


BTIFX - Performance

Return Ranking - Trailing

Period BTIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -34.0% 922.0% 84.35%
1 Yr -6.9% -34.2% 25.3% 83.86%
3 Yr N/A* -14.7% 13.8% N/A
5 Yr N/A* -8.0% 12.6% N/A
10 Yr N/A* -5.7% 12.2% N/A

* Annualized

Return Ranking - Calendar

Period BTIFX Return Category Return Low Category Return High Rank in Category (%)
2019 -0.4% -28.6% 28.4% 92.82%
2018 N/A -93.5% 8.2% N/A
2017 N/A -38.9% 19.8% N/A
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 6.6% N/A

Total Return Ranking - Trailing

Period BTIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -34.0% 922.0% 84.35%
1 Yr -6.9% -37.3% 25.3% 82.51%
3 Yr N/A* -14.7% 13.8% N/A
5 Yr N/A* -8.0% 12.6% N/A
10 Yr N/A* -5.7% 12.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BTIFX Return Category Return Low Category Return High Rank in Category (%)
2019 -0.4% -5.9% 28.4% 93.37%
2018 N/A -30.9% 8.2% N/A
2017 N/A -23.4% 19.8% N/A
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 8.0% N/A

NAV & Total Return History


BTIFX - Holdings

Concentration Analysis

BTIFX Category Low Category High BTIFX % Rank
Net Assets 13.3 M 628 K 12.7 B 92.09%
Number of Holdings 13 3 509 82.00%
Net Assets in Top 10 12.8 M -3.33 M 3.98 B 88.40%
Weighting of Top 10 N/A 14.4% 100.0% 13.54%

Top 10 Holdings

  1. United States Treasury Bills 0% 14.98%
  2. United States Treasury Bills 0% 14.98%
  3. United States Treasury Bills 0% 14.98%
  4. United States Treasury Bills 0% 14.98%
  5. United States Treasury Bills 0% 14.98%
  6. United States Treasury Bills 0% 14.97%
  7. United States Treasury Bills 0% 7.49%
  8. Spxw Put 2900 11/30/20 2.96%
  9. Spxw Put 2900 11/30/20 2.96%
  10. Spxw Put 2900 11/30/20 2.96%

Asset Allocation

Weighting Return Low Return High BTIFX % Rank
Cash
64.25% -27.95% 103.52% 10.00%
Bonds
37.43% 0.00% 98.05% 8.80%
Preferred Stocks
0.00% 0.00% 5.17% 94.00%
Other
0.00% -5.49% 78.63% 94.80%
Convertible Bonds
0.00% 0.00% 27.16% 96.00%
Stocks
-1.69% -8.21% 100.13% 97.60%

Bond Sector Breakdown

Weighting Return Low Return High BTIFX % Rank
Cash & Equivalents
63.19% 0.04% 100.00% 87.60%
Government
36.81% 0.00% 99.96% 6.00%
Derivative
0.00% 0.00% 9.02% 94.00%
Securitized
0.00% 0.00% 20.90% 94.80%
Corporate
0.00% 0.00% 92.42% 96.00%
Municipal
0.00% 0.00% 97.23% 94.00%

Bond Geographic Breakdown

Weighting Return Low Return High BTIFX % Rank
US
37.43% 0.00% 98.05% 8.80%
Non US
0.00% 0.00% 16.63% 94.80%

BTIFX - Expenses

Operational Fees

BTIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.02% 0.20% 9.76% 7.69%
Management Fee 1.75% 0.00% 1.75% 99.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.28% 53.31%

Sales Fees

BTIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BTIFX 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.

BTIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 456.80% 16.67%

BTIFX - Distributions

Dividend Yield Analysis

BTIFX Category Low Category High BTIFX % Rank
Dividend Yield 0.36% 0.00% 9.99% 13.83%

Dividend Distribution Analysis

BTIFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

BTIFX Category Low Category High BTIFX % Rank
Net Income Ratio 0.06% -2.13% 14.24% 66.38%

Capital Gain Distribution Analysis

BTIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Dividend Payout History

View More +

BTIFX - Fund Manager Analysis

Managers

Stephen Solaka


Start Date

Tenure

Tenure Rank

Apr 30, 2018

2.51

2.5%

Stephen Solaka is a Managing Partner and co-founder of Belmont Capital Group. He has over 17 years of financial market experienced focusing on equity risk management, options and portfolio management. Stephen is frequently quoted by Barron’s, The Wall Street Journal and Bloomberg regarding options and hedging. Prior to founding Belmont, Stephen was a Director at Dorchester Capital Advisors, a fund of hedge funds focusing on equity and credit investments. Stephen previously advised clients at UBS Private Wealth Management, a division of UBS focused on families with over $10 million in investable assets. Prior to UBS, Stephen was a VP of Equity Derivatives at TD Options, a division of Toronto Dominion Bank. At TD he held responsibility for the firm’s media and telecom options portfolio. This involved proprietary trading and market making on over 200 individual equities and sector ETFs. Stephen also held equity, ETF and index option making positions at Bear Wagner Specialists and Stafford Trading. He was formerly a member of the Chicago Board Options Exchange, Chicago Board of Trade and American Stock Exchange. Stephen holds a B.A. in finance from the Eli Broad College of Business at Michigan State University.

Daniel Beckwith


Start Date

Tenure

Tenure Rank

Apr 30, 2018

2.51

2.5%

Daniel Beckwith is a Managing Partner and co-founder of Belmont Capital Group. He is responsible for quantitative modeling, trade execution and portfolio risk management at the firm. Daniel previously advised high-net worth families at Wells Fargo Advisors and Merrill Lynch. Prior to joining Merrill Lynch, he was a senior trader at Wolverine Trading, one of the largest option market makers in the world. Daniel was a member of Wolverine’s index option market making group where he was responsible for trading, risk management and pricing of Nasdaq 100 ETF and index options. He was also an ETF exchange specialist in the OEF product on the Chicago Board Options Exchange. Daniel holds a B.A. in Accounting from the Eli Broad College of Business at Michigan State University. He is also a CERTIFIED FINANCIAL PLANNER™ professional.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 19.35 3.67 5.26