CETAX: Centerstone Investors A

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CETAX Centerstone Investors A


Profile

CETAX - Profile

Vitals

  • YTD Return -26.3%
  • 3 Yr Annualized Return -6.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $368 M
  • Holdings in Top 10 24.3%

52 WEEK LOW AND HIGH

$8.56
$7.58
$11.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.43%

SALES FEES

  • Front Load 5.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.65%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -26.3%
  • 3 Yr Annualized Total Return -5.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Centerstone Investors Fund
  • Fund Family Name
    Centerstone Investors
  • Inception Date
    May 03, 2016
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Abhay Deshpande

Fund Description

The fund will normally invest at least 60% of its net assets in equity and equity related securities and up to 40% of its total assets in fixed-income instruments. It may also invest in cash and cash equivalents. The fund primarily invests its assets in common stocks (and securities convertible into common stocks) of U.S. and foreign companies. It may also invest up to 10% of its total assets in precious metals such as gold or silver, or in instruments related to such precious metals such as commodity contracts, options on such contracts, structured notes and ETFs.


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Categories

Performance

CETAX - Performance

Return Ranking - Trailing

Period CETAX Return Category Return Low Category Return High Rank in Category (%)
YTD -26.3% -27.2% 0.0% 77.50%
1 Yr -23.9% -26.7% 0.4% 74.36%
3 Yr -6.9%* -9.8% -0.6% 44.12%
5 Yr N/A* -6.9% -2.5% N/A
10 Yr N/A* -3.1% 1.3% N/A

* Annualized

Return Ranking - Calendar

Period CETAX Return Category Return Low Category Return High Rank in Category (%)
2019 14.1% 1.3% 14.2% 5.13%
2018 -11.9% -19.6% -11.9% 2.86%
2017 12.3% 5.7% 12.9% 28.13%
2016 N/A -7.7% 19.0% N/A
2015 N/A -17.6% -2.1% N/A

Total Return Ranking - Trailing

Period CETAX Return Category Return Low Category Return High Rank in Category (%)
YTD -26.3% -27.2% 0.0% 77.50%
1 Yr -23.9% -26.7% 0.4% 74.36%
3 Yr -5.7%* -8.8% -0.1% 50.00%
5 Yr N/A* -5.7% -1.0% N/A
10 Yr N/A* -1.4% 3.5% N/A

* Annualized

Total Return Ranking - Calendar

Period CETAX Return Category Return Low Category Return High Rank in Category (%)
2019 14.1% 1.3% 14.2% 5.13%
2018 -9.3% -19.5% -7.2% 14.29%
2017 13.5% 8.5% 19.9% 46.88%
2016 N/A 1.4% 19.8% N/A
2015 N/A -17.4% -1.6% N/A

NAV & Total Return History


Holdings

CETAX - Holdings

Concentration Analysis

CETAX Category Low Category High CETAX % Rank
Net Assets 368 M 31.9 M 46.2 B 45.00%
Number of Holdings 101 21 424 62.50%
Net Assets in Top 10 101 M 5.8 M 12.3 B 60.00%
Weighting of Top 10 24.28% 18.3% 80.7% 81.58%

Top 10 Holdings

  1. SPDR® Gold Shares 4.42%
  2. Coast Capital Mercury Fund Lp 3.17%
  3. Kerry Logistics Network Ltd 2.42%
  4. Mohawk Industries Inc 2.21%
  5. Wartsila Corp 2.15%
  6. Henry Schein Inc 2.09%
  7. Koninklijke Vopak NV 1.99%
  8. The Mosaic Co 1.97%
  9. Air Liquide SA 1.94%
  10. Bangkok Bank PCL 1.92%

Asset Allocation

Weighting Return Low Return High CETAX % Rank
Stocks
75.49% 53.93% 75.49% 5.00%
Cash
11.23% 10.41% 42.12% 82.50%
Other
8.28% -0.01% 10.14% 22.50%
Bonds
2.85% 1.40% 18.31% 72.50%
Preferred Stocks
2.15% 0.00% 2.15% 5.00%
Convertible Bonds
0.00% 0.00% 0.11% 77.50%

Stock Sector Breakdown

Weighting Return Low Return High CETAX % Rank
Industrials
31.69% 4.18% 31.69% 5.00%
Consumer Cyclical
17.78% 1.60% 19.56% 12.50%
Basic Materials
11.72% 1.16% 32.14% 25.00%
Healthcare
10.70% 0.00% 15.78% 25.00%
Real Estate
8.03% 0.00% 24.22% 27.50%
Financial Services
7.53% 5.28% 27.48% 70.00%
Consumer Defense
7.49% 1.00% 12.37% 50.00%
Energy
5.06% 0.58% 46.15% 62.50%
Utilities
0.00% 0.00% 5.70% 90.00%
Technology
0.00% 0.00% 21.31% 87.50%
Communication Services
0.00% 0.00% 16.04% 97.50%

Stock Geographic Breakdown

Weighting Return Low Return High CETAX % Rank
Non US
52.51% 6.45% 54.49% 10.00%
US
22.98% -0.17% 65.72% 50.00%

Bond Sector Breakdown

Weighting Return Low Return High CETAX % Rank
Cash & Equivalents
68.88% 14.04% 93.74% 30.00%
Corporate
30.29% 0.01% 30.29% 5.00%
Derivative
0.82% 0.00% 10.23% 30.00%
Securitized
0.00% 0.00% 5.18% 65.00%
Municipal
0.00% 0.00% 0.08% 52.50%
Government
0.00% 0.00% 50.41% 95.00%

Bond Geographic Breakdown

Weighting Return Low Return High CETAX % Rank
US
2.68% -0.92% 58.00% 57.50%
Non US
0.17% -54.45% 19.23% 72.50%

Expenses

CETAX - Expenses

Operational Fees

CETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.43% 0.22% 2.89% 42.50%
Management Fee 0.90% 0.05% 1.60% 80.00%
12b-1 Fee 0.25% 0.00% 1.00% 36.00%
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

CETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 3.75% 5.75% 62.50%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 50.00%

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.

CETAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.65% 0.00% 224.00% 57.50%

Distributions

CETAX - Distributions

Dividend Yield Analysis

CETAX Category Low Category High CETAX % Rank
Dividend Yield 0.00% 0.00% 11.69% 52.50%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CETAX Category Low Category High CETAX % Rank
Net Income Ratio 1.02% -1.06% 4.16% 67.50%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CETAX - Fund Manager Analysis

Managers

Abhay Deshpande


Start Date

Tenure

Tenure Rank

May 03, 2016

3.83

3.8%

Abhay Deshpande founded Centerstone Investors and serves as the Chief Investment Officer. He has many years of experience researching and investing in businesses globally. Prior to establishing Centerstone, Mr. Deshpande was a Portfolio Manager at First Eagle Investment Management, advisor to the Global and Overseas strategies that comprised the vast majority of the firm’s billions in assets under management. During his 15-year tenure, his responsibilities included hiring and training analysts along with leading the research team during times of market turbulence. He spearheaded the research efforts during both the 2001 technology and 2008 credit crises, and in both cases his direct efforts helped clients minimize losses, and ultimately thrive, during his career at First Eagle. Previously, Mr. Deshpande was a Research Analyst with Harris Associates and International and Global products. He also was an Analyst for Morningstar responsible for following a variety of International mutual funds. He began his career at a boutique investment advisor in Louisville, KY. Mr. Deshpande holds a BS in Finance from the University of Louisville. He is a CFA Charterholder and a member of the New York Society of Security Analysts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 14.67 7.09 9.76