Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Concorde Wealth Management Fund

CONWX | Fund

$18.10

$37 M

2.06%

$0.37

1.56%

Vitals

YTD Return

4.9%

1 yr return

7.7%

3 Yr Avg Return

2.5%

5 Yr Avg Return

6.8%

Net Assets

$37 M

Holdings in Top 10

37.8%

52 WEEK LOW AND HIGH

$18.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.56%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Concorde Wealth Management Fund

CONWX | Fund

$18.10

$37 M

2.06%

$0.37

1.56%

CONWX - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.32%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Concorde Wealth Management Fund
  • Fund Family Name
    Concorde
  • Inception Date
    Jul 25, 2016
  • Shares Outstanding
    2053825
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gary Wood

Fund Description

Under normal conditions, the FUND invests primarily in a portfolio of (i) equity securities that the FUND believes are undervalued, (ii) debt securities that offer appropriate current returns that are commensurate with related risks and (iii) private equity, based on risk and return attributes as dictated by broad market and economic conditions. The FUND may invest in other investment companies or pooled vehicles that are consistent with these characteristics. Investing in both public and non-public securities, which collectively comprise the overall construction of the FUND’S holdings, is key to the core objective of total return, from both appreciation of value and generation of current income, within the context of preservation of capital.
The FUND normally invests approximately 40% to 60% of its total assets in equity securities and 40% to 60% in fixed income securities. Under normal circumstances, equity securities will represent at least 25% of total assets, and fixed income securities may represent as much as 75%, but not less than 25% of total assets. The FUND will evaluate the split between equity securities and fixed income securities on an ongoing basis to determine the appropriate split. The FUND may invest up to 15% of its assets in high-yield bonds that are below investment grade.
Equity securities include domestic and foreign common and preferred stock, convertible debt securities, American Depositary Receipts (“ADRs”), Global Depository Receipts (“GDRs”), real estate investment trusts (“REITs”), royalty trusts, master limited partnerships (“MLPs”) and exchange traded funds (“ETFs”). The FUND may invest in emerging market securities. The FUND may also invest in private placements in these types of securities. The FUND may invest in securities issued by companies of any market capitalization, including small- and mid-capitalization companies. The FUND may invest up to 100% of its portfolio in the securities of these companies.
In equity securities, the FUND focuses on identifying the fundamental intrinsic value of a company taken as a whole, and buying securities that are below that intrinsic value and selling when approaching or above the intrinsic value. The FUND acts to ensure that its investments in private equity fit within the context of capital preservation by applying the same intrinsic value approach to both private and public companies. The intrinsic value approach focuses on fundamental business factors such as a company’s earning power, cash flow, balance sheet, franchise or brand value, proprietary market position assets, including intellectual property, and competitive advantages which drive the long-term performance of the company. As a result, the FUND’S private equity investments could be opportunistic, in the sense of being underpriced in comparison to its intrinsic or potential upside value, or defensive, in the sense of offering favorable characteristics to current market or economic conditions (for example, inflation).
In debt and fixed income securities, the FUND may invest in investment grade and non-investment grade debt securities (commonly called “junk bonds”), or unrated debt securities determined by Concorde Financial Corporation (the “Advisor”) to be of comparable quality. The FUND focuses on debt and bond securities that offer appropriate current returns that are commensurate with related interest rate and default risks. The FUND may also invest in private placements in these types of securities. The FUND invests in debt securities that have a maturity that is between 1 and 15 years. Under normal circumstances, the FUND’S portfolio will have an average dollar weighted maturity between 3 and 15 years and an average duration of 2 to 5 years. Duration is a measurement of price sensitivity to interest rate changes.
The type of private equity investments in which the FUND invests includes private investments in public companies, investments in private companies in need of capital, and investments in private equity companies whose principal business is to invest in, lend capital to or provide services to privately held companies.
The Advisor may sell a security or reduce its position if it has reached its target price, its present reward to risk ratio is unattractive, it is overvalued, or the security subsequently fails to meet initial investment criteria.
Read More

CONWX - Performance

Return Ranking - Trailing

Period CONWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -1.4% 25.2% 4.78%
1 Yr 7.7% -7.8% 45.2% 83.83%
3 Yr 2.5%* -6.8% 7.7% 35.43%
5 Yr 6.8%* -4.1% 14.3% 37.36%
10 Yr N/A* 0.5% 10.6% 23.68%

* Annualized

Return Ranking - Calendar

Period CONWX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.9% -12.2% 23.9% 98.59%
2022 -9.5% -34.7% 2.8% 4.58%
2021 15.5% -11.9% 18.1% 1.04%
2020 4.7% -20.9% 39.7% 75.12%
2019 14.4% 0.8% 25.7% 46.72%

Total Return Ranking - Trailing

Period CONWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -1.4% 25.2% 4.78%
1 Yr 7.7% -7.8% 45.2% 83.83%
3 Yr 2.5%* -6.8% 7.7% 35.43%
5 Yr 6.8%* -4.1% 14.3% 37.36%
10 Yr N/A* 0.5% 10.6% 21.58%

* Annualized

Total Return Ranking - Calendar

Period CONWX Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -12.2% 26.8% 99.44%
2022 -2.4% -29.0% 10.9% 2.58%
2021 19.7% -3.0% 24.2% 1.04%
2020 11.1% -19.5% 40.6% 64.54%
2019 16.8% 4.4% 32.7% 81.76%

NAV & Total Return History

CONWX - Holdings

Concentration Analysis

CONWX Category Low Category High CONWX % Rank
Net Assets 37 M 789 K 217 B 94.04%
Number of Holdings 64 2 15716 49.23%
Net Assets in Top 10 13.8 M 618 K 62.8 B 93.72%
Weighting of Top 10 37.79% 11.4% 121.1% 58.86%

Top 10 Holdings

  1. Texas Pacific Land Corp 6.22%
  2. MSILF Government Portfolio 4.52%
  3. United States Treasury Bill 4.07%
  4. United States Treasury Note/Bond 4.04%
  5. LLR EQUITY PARTNERS V, L.P. 3.97%
  6. Sprott Physical Gold Trust 3.25%
  7. Black Stone Minerals LP 3.00%
  8. Microsoft Corp 2.98%
  9. Pioneer Natural Resources Co 2.92%
  10. Energy Transfer LP 2.83%

Asset Allocation

Weighting Return Low Return High CONWX % Rank
Stocks 		79.61% 0.00% 103.09% 45.61%
Bonds 		15.38% 0.00% 77.27% 49.37%
Cash 		4.66% -10.21% 100.00% 21.90%
Convertible Bonds 		0.42% 0.00% 23.84% 66.15%
Preferred Stocks 		0.41% 0.00% 23.88% 8.51%
Other 		-0.05% -42.80% 117.44% 96.93%

Stock Sector Breakdown

Weighting Return Low Return High CONWX % Rank
Energy 		30.65% 0.00% 85.65% 1.97%
Consumer Cyclical 		13.04% 0.00% 19.36% 8.17%
Healthcare 		12.12% 0.00% 29.35% 77.89%
Basic Materials 		8.37% 0.00% 33.35% 4.65%
Real Estate 		8.33% 0.00% 65.01% 11.97%
Communication Services 		6.89% 0.00% 38.10% 57.04%
Industrials 		6.75% 0.00% 24.37% 91.97%
Consumer Defense 		5.83% 0.00% 15.14% 75.49%
Technology 		5.16% 0.00% 44.21% 97.04%
Financial Services 		2.86% 0.00% 38.77% 98.45%
Utilities 		0.00% 0.00% 99.55% 98.59%

Stock Geographic Breakdown

Weighting Return Low Return High CONWX % Rank
US 		79.61% 0.00% 103.09% 45.05%
Non US 		0.00% 0.00% 38.68% 79.50%

Bond Sector Breakdown

Weighting Return Low Return High CONWX % Rank
Government 		32.08% 0.00% 97.26% 41.57%
Corporate 		29.01% 0.00% 98.21% 55.06%
Securitized 		7.21% 0.00% 92.13% 77.39%
Cash & Equivalents 		4.52% 0.00% 100.00% 23.01%
Municipal 		0.10% 0.00% 24.80% 52.39%
Derivative 		-0.05% -3.07% 46.02% 92.61%

Bond Geographic Breakdown

Weighting Return Low Return High CONWX % Rank
US 		15.38% 0.00% 77.27% 48.26%
Non US 		0.00% 0.00% 14.17% 76.15%

CONWX - Expenses

Operational Fees

CONWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.56% 0.03% 17.63% 21.50%
Management Fee 0.80% 0.00% 1.83% 91.83%
12b-1 Fee 0.00% 0.00% 1.00% 9.39%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

CONWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CONWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

CONWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 343.00% 13.56%

CONWX - Distributions

Dividend Yield Analysis

CONWX Category Low Category High CONWX % Rank
Dividend Yield 2.06% 0.00% 17.92% 53.60%

Dividend Distribution Analysis

CONWX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Monthly

Net Income Ratio Analysis

CONWX Category Low Category High CONWX % Rank
Net Income Ratio 0.32% -2.34% 19.41% 86.38%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CONWX - Fund Manager Analysis

Managers

Gary Wood

Start Date

Tenure

Tenure Rank

Dec 04, 1987

34.51

34.5%

Gary B. Wood, Ph.D., is the founder and Chief Executive Officer of Concorde Companies. Dr. Wood also serves as Chairman of the firms’ Investment Policy Committees. Prior to founding Concorde, Dr. Wood worked for an independent trust company in Houston, Texas, as an investment and financial advisor. There, he was responsible for managing the assets of high-net worth clients. Gary relocated to Dallas from Houston in 1981 to establish Concorde Companies, a group of investment management and financial advisory enterprises with activities in marketable securities and venture capital. Dr. Wood is a co-founder and Chairman of the Board of International Hospital Corporation (IHC), founded in 1991 to develop acute-care hospital facilities, specialty hospitals and specialty clinics that are uniformly managed and branded in three countries in Latin America. Additionally, he is Chairman of the Board of eOriginal, Inc., a leading provider of comprehensive business-to-business digital transaction management (digital signatures and vaulting) and ecommerce solutions based in Baltimore. He has extensive business experience relating to healthcare, software, manufacturing and investment management.

John Stetter

Start Date

Tenure

Tenure Rank

Dec 31, 1994

27.43

27.4%

John joined Concorde in 1994 as a senior portfolio manager with responsibility for investment research, portfolio strategy and trading. Prior to joining Concorde, he founded and was President of Spyglass Investment Management, a registered investment advisor, from 1988 to 1994. John’s discretionary management at Spyglass included both balanced and fixed income portfolios for primarily high net worth clients. Between 1979 and 1988 he was with a private manufacturing and engineering firm in Dallas, Texas, and served on the investment committee for an internally managed defined benefit plan. In addition, he served as an investment and financial analyst in assisting the CFO and President with corporate capital projects, strategic planning, banking relations and outside investment projects. John currently serves as a Trustee of the R. R. Cook Endowment and previously served on the Board of Trustees for the private school at The Episcopal Church of the Good Shephard in Dallas, Texas. He also served on the Board of Directors and as the Secretary and Treasurer of Stone Gap and Greater Duncanville Industrial Corporations, private real estate development businesses in Dallas County, Texas. John received a Bachelor of Business Administration degree in 1977 and a Master of Business Administration degree in 1979 from The University of Texas at Austin where he was a member of Beta Gamma Sigma.

Gregory Wood

Start Date

Tenure

Tenure Rank

Jul 22, 2016

5.86

5.9%

Greg is a Vice President of the Concorde Companies, and is a Principal in the portfolio management team for both public securities and private investments in addition to overseeing regulatory compliance as chief compliance officer. He is also a Managing Director of Omnimed Capital, a healthcare focused Venture Capital investment group. Prior to joining Concorde, Greg spent a decade in banking for JP Morgan and Wells Fargo, as a troubled asset work-out specialist, and covered a variety of businesses including healthcare, gaming, distribution companies, import businesses, manufacturing, technology, services, and agriculture. He currently serves on the Endowment Foundation Investment Committee for the Children’s Oncology Service of Texas (aka the Ronald McDonald House). Greg is also a member and the Texas State Chair of the Society of International Business Fellows, a leadership organization consisting of 1400 senior business executive level, government officials, and NGO members in four regional networks in 45 countries and completed their North American Leadership Academy in 2015. Greg completed his undergraduate work at the University of Texas at Austin and his Master of Business Administration focusing on Finance and Strategy at Southern Methodist University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.32 2.41

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.