CMG Tactical Bond A
Name
As of 10/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-6.7%
1 yr return
-5.9%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
0.0%
Net Assets
$1.65 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.16%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CHYAX - Profile
Distributions
- YTD Total Return -6.7%
- 3 Yr Annualized Total Return -2.9%
- 5 Yr Annualized Total Return -1.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.72%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameCMG Tactical Bond Fund
-
Fund Family NameCMG
-
Inception DateMay 29, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerStephen Blumenthal
Fund Description
Under normal circumstances, the Fund invests (long or short) at least 80% of its assets in bond instruments (80% investment policy), directly or by investing in other mutual funds or exchange traded funds (ETFs) (collectively, Underlying Funds) which invest primarily in high yield bonds and other high yield fixed income securities. The Fund defines bond instruments to include: (i) bills, (ii) notes, (iii) debentures, (iv) bonds, (v) mortgage-backed securities (MBS), (vi) asset-backed securities (ABS), (vii) preferred stocks, (viii) loan participation interests, (ix) any other debt or debt-related securities of any maturities, whether issued by U.S. or non-U.S. governments, agencies or instrumentalities thereof or corporate entities, and having fixed, variable, floating or inverse floating rates, (x) fixed income options and (xi) other evidences of indebtedness. High yield fixed income securities are those that are rated below investment grade; i.e., rated lBa1 or lower by Moodys Investors Service (Moodys) or BB+ or lower by Standard and Poors Rating Group (S&P) respectively. The 80% investment policy can be changed without shareholder approval; however, shareholders would be given at least 60 days prior notice.
The Funds investment adviser (the Adviser) adjusts the Funds portfolio to obtain maximum total return (income and price appreciation) in up trending high yield bond markets and focuses on capital preservation in down trending price environments, in seeking to achieve the Funds objective of generating total returns over a complete market cycle (full periods of rising and falling interest rates from a bull market to bear market and back again). The Adviser utilizes its proprietary risk management Asset Allocation Program in managing the Fund. In down trending price environments, the Fund can also invest in put and call options as a means to protect (hedge) the portfolios high yield bond exposure and/or move its high yield bond exposure temporarily to cash or short-term cash equivalents in an attempt to mitigate market declines as well as lower portfolio volatility.
The Fund invests in fixed income securities that are sometimes referred to as high yield or junk bonds. The Fund defines high yield bonds as those rated lower than Baa3 by Moodys or lower than BBB- by S&P, or determined to be of similar quality by the Funds Adviser. Such securities are considered speculative investments that carry greater risk of default. Because high yield bonds have a historically high correlation to equity markets, in particular to small cap stocks, the Fund may be indirectly exposed to the same risks as the stock market in general.
The Fund may hold U.S. Government securities or cash equivalents for collateralization obligations, to pay redemption requests or while pending investment. The Fund may invest in a wide range of instruments, markets and asset classes, including but not limited to U.S. securities), Underlying Funds and derivative investments such as futures and options. Derivative investments may be used by the Adviser for hedging purposes or for speculative purposes. The Fund (or the Underlying Funds in which the Fund may invest) may sell securities short or leverage its assets through borrowings for investment purposes. The Fund invest a significant amount of its assets in a small number of Underlying Funds or a single Underlying Fund.
The Adviser may engage in frequent trading of the Funds portfolio in pursuing the Funds investment objective.
CHYAX - Performance
Return Ranking - Trailing
Period | CHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.7% | -47.6% | 19.4% | 18.67% |
1 Yr | -5.9% | -20.6% | 24.2% | 54.12% |
3 Yr | -1.0%* | -12.2% | 16.2% | 90.18% |
5 Yr | 0.0%* | -16.3% | 10.3% | 92.70% |
10 Yr | N/A* | -12.8% | 11.8% | 1.40% |
* Annualized
Return Ranking - Calendar
Period | CHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.6% | -26.6% | 25.7% | 69.83% |
2022 | 0.4% | -49.2% | 314.3% | 61.29% |
2021 | 4.7% | -35.1% | 16.7% | 47.60% |
2020 | -2.2% | -48.0% | 10.9% | 12.00% |
2019 | -1.0% | -14.8% | 11.2% | 91.07% |
Total Return Ranking - Trailing
Period | CHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.7% | -47.6% | 28.6% | 15.02% |
1 Yr | -11.3% | -21.2% | 38.5% | 93.86% |
3 Yr | -2.9%* | -13.9% | 16.2% | 97.15% |
5 Yr | -1.1%* | -17.3% | 10.3% | 96.95% |
10 Yr | N/A* | -13.3% | 11.8% | 20.09% |
* Annualized
Total Return Ranking - Calendar
Period | CHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.6% | -26.6% | 25.7% | 69.83% |
2022 | 0.4% | -49.2% | 314.3% | 61.29% |
2021 | 5.2% | -35.1% | 16.7% | 42.15% |
2020 | -0.6% | -48.0% | 10.9% | 15.64% |
2019 | 0.9% | -14.8% | 15.2% | 76.98% |
NAV & Total Return History
CHYAX - Holdings
Concentration Analysis
CHYAX | Category Low | Category High | CHYAX % Rank | |
---|---|---|---|---|
Net Assets | 1.65 M | 100 | 124 B | 99.86% |
Number of Holdings | 3 | 2 | 8175 | 98.91% |
Net Assets in Top 10 | 1.87 M | -1.57 B | 20.5 B | 90.50% |
Weighting of Top 10 | N/A | 4.3% | 100.0% | 1.20% |
Top 10 Holdings
- Federated Hermes Instl Prime Obl IS 7.52%
Asset Allocation
Weighting | Return Low | Return High | CHYAX % Rank | |
---|---|---|---|---|
Bonds | 67.02% | -150.81% | 188.92% | 78.97% |
Cash | 18.94% | -261.12% | 258.91% | 22.66% |
Convertible Bonds | 14.04% | 0.00% | 33.50% | 2.85% |
Stocks | 0.00% | -38.22% | 261.12% | 70.56% |
Preferred Stocks | 0.00% | 0.00% | 31.88% | 56.72% |
Other | 0.00% | -25.82% | 276.99% | 39.62% |
Bond Sector Breakdown
Weighting | Return Low | Return High | CHYAX % Rank | |
---|---|---|---|---|
Corporate | 60.72% | 0.00% | 100.00% | 23.16% |
Derivative | 17.47% | 0.00% | 72.98% | 14.71% |
Cash & Equivalents | 16.72% | 0.00% | 100.00% | 28.47% |
Government | 3.58% | 0.00% | 99.43% | 73.30% |
Securitized | 1.52% | 0.00% | 99.65% | 85.69% |
Municipal | 0.00% | 0.00% | 54.26% | 44.41% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | CHYAX % Rank | |
---|---|---|---|---|
US | 40.04% | -151.11% | 194.51% | 82.09% |
Non US | 26.98% | -136.75% | 90.11% | 27.41% |
CHYAX - Expenses
Operational Fees
CHYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.16% | 0.01% | 6.46% | 11.21% |
Management Fee | 0.95% | 0.00% | 2.29% | 78.12% |
12b-1 Fee | 0.40% | 0.00% | 1.00% | 59.51% |
Administrative Fee | N/A | 0.00% | 0.70% | 44.18% |
Sales Fees
CHYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 0.00% | 5.75% | 1.41% |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
CHYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
CHYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | 93.33% |
CHYAX - Distributions
Dividend Yield Analysis
CHYAX | Category Low | Category High | CHYAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 44.08% | 93.44% |
Dividend Distribution Analysis
CHYAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
CHYAX | Category Low | Category High | CHYAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.72% | -1.55% | 11.51% | 94.10% |
Capital Gain Distribution Analysis
CHYAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Monthly |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 30, 2022 | $0.004 | OrdinaryDividend |
Sep 29, 2021 | $0.008 | OrdinaryDividend |
Jul 29, 2021 | $0.011 | OrdinaryDividend |
Jun 29, 2021 | $0.027 | OrdinaryDividend |
Feb 25, 2021 | $0.013 | OrdinaryDividend |
Dec 23, 2020 | $0.041 | OrdinaryDividend |
Sep 29, 2020 | $0.008 | OrdinaryDividend |
Aug 28, 2020 | $0.001 | OrdinaryDividend |
Mar 30, 2020 | $0.000 | OrdinaryDividend |
Feb 27, 2020 | $0.006 | OrdinaryDividend |
Jan 30, 2020 | $0.002 | OrdinaryDividend |
Dec 23, 2019 | $0.061 | OrdinaryDividend |
Nov 27, 2019 | $0.027 | OrdinaryDividend |
Oct 30, 2019 | $0.015 | OrdinaryDividend |
Sep 27, 2019 | $0.027 | OrdinaryDividend |
Aug 29, 2019 | $0.020 | OrdinaryDividend |
Jul 30, 2019 | $0.033 | OrdinaryDividend |
Jun 27, 2019 | $0.021 | OrdinaryDividend |
May 30, 2019 | $0.005 | OrdinaryDividend |
Apr 29, 2019 | $0.026 | OrdinaryDividend |
Mar 28, 2019 | $0.025 | OrdinaryDividend |
Feb 27, 2019 | $0.032 | OrdinaryDividend |
Jan 30, 2019 | $0.014 | OrdinaryDividend |
Dec 18, 2018 | $0.020 | OrdinaryDividend |
Oct 30, 2018 | $0.006 | OrdinaryDividend |
Sep 27, 2018 | $0.021 | OrdinaryDividend |
Aug 30, 2018 | $0.027 | OrdinaryDividend |
Jul 30, 2018 | $0.018 | OrdinaryDividend |
Apr 27, 2018 | $0.033 | OrdinaryDividend |
Mar 28, 2018 | $0.003 | OrdinaryDividend |
Feb 27, 2018 | $0.000 | OrdinaryDividend |
Jan 30, 2018 | $0.023 | OrdinaryDividend |
Dec 19, 2017 | $0.027 | OrdinaryDividend |
Nov 29, 2017 | $0.004 | OrdinaryDividend |
Oct 30, 2017 | $0.021 | OrdinaryDividend |
Sep 28, 2017 | $0.018 | OrdinaryDividend |
Aug 30, 2017 | $0.008 | OrdinaryDividend |
Jun 29, 2017 | $0.024 | OrdinaryDividend |
May 30, 2017 | $0.019 | OrdinaryDividend |
Apr 27, 2017 | $0.015 | OrdinaryDividend |
Mar 30, 2017 | $0.014 | OrdinaryDividend |
Feb 27, 2017 | $0.020 | OrdinaryDividend |
Jan 30, 2017 | $0.017 | OrdinaryDividend |
Dec 20, 2016 | $0.023 | OrdinaryDividend |
Oct 28, 2016 | $0.009 | OrdinaryDividend |
Sep 29, 2016 | $0.034 | OrdinaryDividend |
Aug 30, 2016 | $0.023 | OrdinaryDividend |
Jul 28, 2016 | $0.017 | OrdinaryDividend |
Jun 29, 2016 | $0.033 | OrdinaryDividend |
Nov 27, 2015 | $0.109 | OrdinaryDividend |
Oct 29, 2015 | $0.009 | OrdinaryDividend |
Sep 29, 2015 | $0.027 | OrdinaryDividend |
Aug 28, 2015 | $0.006 | OrdinaryDividend |
CHYAX - Fund Manager Analysis
Managers
Stephen Blumenthal
Start Date
Tenure
Tenure Rank
Oct 06, 2014
7.65
7.7%
Stephen Blumenthal has been working in the financial industry for over 25 years. In 1992, he founded CMG Capital Management Group, Inc. Prior to starting this firm, Mr. Blumenthal worked for Merrill Lynch Institutional/Retail and Prudential Securities where he developed a unique trading model designed to trade the intermediate-term trends in the high yield bond market.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.67 | 3.19 |