DHBIX: Centre Active US Tax Exempt Instl

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DHBIX Centre Active US Tax Exempt Instl


Profile

DHBIX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $19.4 M
  • Holdings in Top 10 52.1%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.99%

SALES FEES

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

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Centre Active U.S. Tax Exempt Fund
  • Fund Family Name
    Centre Funds
  • Inception Date
    Oct 07, 2010
  • Shares Outstanding
    136190
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (including the amount of any borrowings for investment purposes) in federally tax-exempt securities of state and local governments in the United States and their political subdivisions, agencies and instrumentalities. The fund's investments in municipal securities may include general obligation bonds, revenue bonds, facility or tax and industrial revenue bonds and pre-refunded bonds.


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Categories

DHBIX - Mutual Fund Categories


Performance

DHBIX - Performance

Return Ranking - Trailing

Period DHBIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 0.8% -64.0% 270.1% N/A
3 Yr 1.4%* -41.4% 115.6% N/A
5 Yr 2.0%* -30.7% 58.6% N/A
10 Yr 2.6%* -8.4% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period DHBIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -67.1% 73.0% N/A
2018 N/A -76.0% 74.8% N/A
2017 N/A -58.1% 900.0% N/A
2016 N/A -51.1% 336.8% N/A
2015 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period DHBIX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 0.8% -64.0% 270.1% N/A
3 Yr 1.4%* -30.7% 115.6% N/A
5 Yr 2.0%* -30.7% 58.6% N/A
10 Yr 2.6%* -8.4% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period DHBIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -67.1% 76.6% N/A
2018 N/A -30.7% 76.8% N/A
2017 N/A -58.1% 900.0% N/A
2016 N/A -51.1% 341.1% N/A
2015 N/A -60.1% 304.1% N/A

NAV & Total Return History


Holdings

DHBIX - Holdings

Concentration Analysis

DHBIX Category Low Category High DHBIX % Rank
Net Assets 19.4 M 0 814 B N/A
Number of Holdings 28 1 17358 N/A
Net Assets in Top 10 10 M -28.8 B 134 B N/A
Weighting of Top 10 52.05% 0.0% 20474.3% N/A

Top 10 Holdings

  1. NEW YORK ST ENVIRONMENTAL FACS CORP 5% 5.33%
  2. NORTH CAROLINA ST 5% 4.62%
  3. TEXAS ST 5% 4.59%
  4. OHIO ST 5% 4.56%
  5. MONTGOMERY CNTY MD 5% 4.52%
  6. WASHINGTON SUBN SAN DIST MD 3% 4.50%
  7. SAN ANTONIO TEX 5% 4.47%
  8. GEORGIA ST 5% 4.38%
  9. ARLINGTON TEX 5% 4.26%

Asset Allocation

Weighting Return Low Return High DHBIX % Rank
Bonds
81.14% -955.59% 533.06% N/A
Other
10.83% -7288.76% 493.15% N/A
Cash
8.03% -483.27% 7388.76% N/A
Stocks
0.00% -142.98% 259.25% N/A
Preferred Stocks
0.00% -0.12% 80.89% N/A
Convertible Bonds
0.00% -0.37% 166.23% N/A

Bond Sector Breakdown

Weighting Return Low Return High DHBIX % Rank
Municipal
81.14% 0.00% 110.18% N/A
Corporate
4.54% -15.73% 3345.86% N/A
Cash & Equivalents
3.49% -452.21% 7388.76% N/A
Derivative
0.00% -511.61% 48.69% N/A
Securitized
0.00% -35.05% 159.61% N/A
Government
0.00% -3298.93% 457.08% N/A

Bond Geographic Breakdown

Weighting Return Low Return High DHBIX % Rank
US
81.14% -955.59% 499.56% N/A
Non US
0.00% -150.85% 464.75% N/A

Expenses

DHBIX - Expenses

Operational Fees

DHBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.00% 928.63% N/A
Management Fee 0.40% 0.00% 2.87% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 52000.00% N/A

Sales Fees

DHBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

DHBIX 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.

DHBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 5067.00% N/A

Distributions

DHBIX - Distributions

Dividend Yield Analysis

DHBIX Category Low Category High DHBIX % Rank
Dividend Yield 0.01% 0.00% 87.51% N/A

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DHBIX Category Low Category High DHBIX % Rank
Net Income Ratio 2.21% -46.00% 10.10% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DHBIX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 43.76 4.66 4.5