ECHAX: Equinox Chesapeake Strategy A

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ECHAX Equinox Chesapeake Strategy A


Profile

ECHAX - Profile

Vitals

  • YTD Return 6.6%
  • 3 Yr Annualized Return -2.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $86.7 M
  • Holdings in Top 10 86.7%

52 WEEK LOW AND HIGH

$10.95
$10.27
$11.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.24%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Managed Futures

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return -2.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AXS Chesapeake Strategy Fund
  • Fund Family Name
    Equinox
  • Inception Date
    Aug 21, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    R Parker

Fund Description

The fund makes a combination of investments (i) directly in an actively managed fixed-income portfolio comprised of cash, cash equivalents, securities issued by the U.S. government with one year or less term to maturity and money market funds and (ii) directly or indirectly in a diversified portfolio of futures contracts and futures-related instruments such as forwards and swaps in broadly diversified global markets across a wide range of asset classes, including equities, fixed income, currencies and commodities, utilizing a portfolio of futures, forwards, options, spot contracts and swaps.


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Categories

Performance

ECHAX - Performance

Return Ranking - Trailing

Period ECHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -3.6% 10.8% 0.86%
1 Yr 3.6% -17.2% 38.0% 66.42%
3 Yr -2.3%* -15.4% 7.1% 92.10%
5 Yr N/A* -11.9% 24.4% 28.99%
10 Yr N/A* -7.4% 12.7% N/A

* Annualized

Return Ranking - Calendar

Period ECHAX Return Category Return Low Category Return High Rank in Category (%)
2019 -6.2% -9.9% 62.6% 98.40%
2018 -13.9% -53.1% 2.2% 93.46%
2017 14.8% -9.1% 20.0% 1.90%
2016 N/A -12.3% 219.0% N/A
2015 N/A -29.9% 14.0% N/A

Total Return Ranking - Trailing

Period ECHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -3.6% 10.8% 0.86%
1 Yr 3.6% -17.2% 38.0% 67.01%
3 Yr -2.0%* -15.4% 9.1% 94.16%
5 Yr N/A* -11.9% 32.4% 62.73%
10 Yr N/A* -7.4% 20.8% N/A

* Annualized

Total Return Ranking - Calendar

Period ECHAX Return Category Return Low Category Return High Rank in Category (%)
2019 -6.2% -9.9% 62.6% 98.40%
2018 -13.1% -53.1% 3.3% 93.61%
2017 14.8% -6.6% 21.6% 4.48%
2016 N/A -12.3% 242.1% N/A
2015 N/A -29.9% 22.6% N/A

NAV & Total Return History


Holdings

ECHAX - Holdings

Concentration Analysis

ECHAX Category Low Category High ECHAX % Rank
Net Assets 86.7 M 1.04 M 14.7 B 68.44%
Number of Holdings 61 4 3699 83.21%
Net Assets in Top 10 80.8 M -1.8 M 17.7 B 45.62%
Weighting of Top 10 86.74% 5.6% 1055.7% 29.12%

Top 10 Holdings

  1. United States Treasury Notes 2% 18.27%
  2. United States Treasury Notes 1.25% 18.17%
  3. United States Treasury Notes 1.5% 17.69%
  4. United States Treasury Notes 1.5% 12.30%
  5. United States Treasury Notes 2.25% 8.11%
  6. United States Treasury Notes 1.62% 8.03%
  7. Equinox Chesapeake Strategy Fund Ltd 4.17%

Asset Allocation

Weighting Return Low Return High ECHAX % Rank
Bonds
82.58% 80.28% 1025.08% 94.84%
Cash
13.26% -1000.79% 21.44% 5.88%
Other
4.17% -29.23% 67.70% 14.92%
Stocks
0.00% -6.36% 110.51% 71.31%
Preferred Stocks
0.00% 0.00% 11.06% 61.41%
Convertible Bonds
0.00% 0.00% 14.29% 79.77%

Bond Sector Breakdown

Weighting Return Low Return High ECHAX % Rank
Government
66.47% -0.16% 263.38% 30.27%
Cash & Equivalents
33.53% -221.24% 51.46% 5.02%
Derivative
0.00% -6.01% 59.88% 73.89%
Securitized
0.00% 0.00% 89.51% 73.74%
Corporate
0.00% 0.00% 120.52% 95.84%
Municipal
0.00% 0.00% 55.86% 60.55%

Bond Geographic Breakdown

Weighting Return Low Return High ECHAX % Rank
US
82.58% -10.67% 1120.91% 18.79%
Non US
0.00% -95.83% 193.82% 94.84%

Expenses

ECHAX - Expenses

Operational Fees

ECHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.24% 0.01% 38.91% 13.53%
Management Fee 1.50% 0.00% 2.50% 97.55%
12b-1 Fee 0.25% 0.00% 1.00% 43.56%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

ECHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.75% 5.75% 12.84%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ECHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

ECHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 963.00% 22.52%

Distributions

ECHAX - Distributions

Dividend Yield Analysis

ECHAX Category Low Category High ECHAX % Rank
Dividend Yield 0.00% 0.00% 4.36% 85.22%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ECHAX Category Low Category High ECHAX % Rank
Net Income Ratio 0.25% -1.27% 11.37% 91.18%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ECHAX - Fund Manager Analysis

Managers

R Parker


Start Date

Tenure

Tenure Rank

Jul 26, 2017

2.52

2.5%

R. Jerry Parker, Jr. is the Chairman of the Board of Directors and the Chief Executive Officer of Chesapeake and Chesapeake Holding Company. Mr. Parker has overseen Chesapeake’s operations and has been heavily involved in its research efforts since Chesapeake's inception in February 1988. Mr. Parker has been registered as an Associated Person and listed as a Principal of Chesapeake since June 1988 and registered as a Swap Associated Person since November 2014. Mr. Parker commenced his trading career in November 1983 as a member of the Richard Dennis “Turtle” trading program. Prior to starting Chesapeake, Mr. Parker, a CPA, was employed in the public accounting field. Mr. Parker received a Bachelor of Science degree in Commerce, with an emphasis in Accounting, from the University of Virginia in January 1980.

Michael Ivie


Start Date

Tenure

Tenure Rank

Jul 26, 2017

2.52

2.5%

Michael L. Ivie is the Director of Research of Chesapeake and assists Mr. Parker with portfolio management activities. Mr. Ivie joined Chesapeake in June 1991. Mr. Ivie has been registered as an Associated Person of Chesapeake since May 21, 1999 and listed as a principal of Chesapeake since May 12, 2008. Mr. Ivie received a Bachelor of Science degree in Mathematics from Louisiana State University in 1989.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.1 5.9 10.42