ELMMX: Elements Emerging Markets Portfolio

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

ELMMX Elements Emerging Markets Portfolio


Profile

ELMMX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $358 M
  • Holdings in Top 10 61.9%

52 WEEK LOW AND HIGH

$10.16
$9.09
$10.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.92%

SALES FEES

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

BROKERAGE FEES

  • Turnover 227.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Elements Emerging Markets Portfolio
  • Fund Family Name
    STONE RIDGE
  • Inception Date
    May 31, 2017
  • Shares Outstanding
    36176693
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ross Stevens

Fund Description

The Portfolio seeks to capture the equity risk premium by investing in a broad group of securities of companies associated with countries with emerging or frontier markets. Under normal circumstances, the Portfolio invests at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in securities of companies tied economically to emerging markets, either directly or indirectly. It is non-diversified.


Sign up for Advisor Access

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


Categories

Performance

ELMMX - Performance

Return Ranking - Trailing

Period ELMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -6.2% 8.6% 80.10%
1 Yr 4.9% -24.5% 37.0% 75.43%
3 Yr N/A* -13.8% 16.9% N/A
5 Yr N/A* -11.7% 26.7% N/A
10 Yr N/A* -10.8% 10.9% N/A

* Annualized

Return Ranking - Calendar

Period ELMMX Return Category Return Low Category Return High Rank in Category (%)
2019 14.1% -19.9% 42.0% 72.41%
2018 -15.8% -41.9% 1.7% 19.66%
2017 N/A 0.0% 50.3% N/A
2016 N/A -10.1% 241.4% N/A
2015 N/A -33.9% -1.5% N/A

Total Return Ranking - Trailing

Period ELMMX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -6.2% 8.6% 80.10%
1 Yr 4.9% -24.5% 37.0% 75.43%
3 Yr N/A* -13.8% 17.2% N/A
5 Yr N/A* -11.7% 29.8% N/A
10 Yr N/A* -10.8% 15.4% N/A

* Annualized

Total Return Ranking - Calendar

Period ELMMX Return Category Return Low Category Return High Rank in Category (%)
2019 14.1% -19.9% 42.0% 72.41%
2018 -13.7% -41.9% 1.7% 12.20%
2017 N/A 0.0% 50.4% N/A
2016 N/A -10.0% 249.7% N/A
2015 N/A -33.9% -1.5% N/A

NAV & Total Return History


Holdings

ELMMX - Holdings

Concentration Analysis

ELMMX Category Low Category High ELMMX % Rank
Net Assets 358 M 967 K 88.6 B 48.22%
Number of Holdings 595 1 4875 7.53%
Net Assets in Top 10 162 M 123 K 20.7 B 43.24%
Weighting of Top 10 61.92% 4.8% 100.0% 0.77%

Top 10 Holdings

  1. Micro E-mini S&P 500 Index Future Dec 19 25.57%
  2. McDonald's Corp 6.05%
  3. Mcdonald's Corp 6.05%
  4. Msci Daily Tr Net Emergi 4.46%
  5. Msci Emerging Markets In 3.95%
  6. Samsung Electronics Co Ltd 3.23%
  7. Cn A Inclusi Netr Usd 3.18%
  8. Zoetis Inc Class A 3.17%
  9. Swap on Zoetis Inc Class A 3.17%
  10. Alphabet Inc A 3.10%

Asset Allocation

Weighting Return Low Return High ELMMX % Rank
Stocks
98.63% 80.08% 102.28% 41.22%
Cash
2.71% -8.91% 14.08% 28.06%
Bonds
0.63% 0.00% 4.42% 5.73%
Preferred Stocks
0.47% 0.00% 1.34% 3.57%
Convertible Bonds
0.00% 0.00% 18.70% 74.62%
Other
-2.45% -3.54% 13.99% 99.36%

Stock Sector Breakdown

Weighting Return Low Return High ELMMX % Rank
Technology
17.22% 0.00% 46.63% 46.81%
Consumer Cyclical
14.24% 1.43% 35.81% 40.18%
Financial Services
13.32% 3.88% 54.54% 92.73%
Healthcare
10.25% 0.00% 19.26% 8.04%
Communication Services
9.71% 0.00% 26.02% 56.25%
Energy
9.29% 0.00% 24.10% 12.88%
Consumer Defense
8.46% 1.19% 40.10% 38.01%
Industrials
7.00% 0.00% 24.04% 36.35%
Basic Materials
5.64% 0.00% 16.39% 44.90%
Real Estate
3.44% 0.00% 16.39% 34.31%
Utilities
1.42% 0.00% 11.93% 50.26%

Stock Geographic Breakdown

Weighting Return Low Return High ELMMX % Rank
Non US
66.07% 66.07% 102.28% 100.00%
US
32.56% -1.87% 32.56% 0.26%

Bond Sector Breakdown

Weighting Return Low Return High ELMMX % Rank
Cash & Equivalents
71.13% -8.91% 100.00% 83.55%
Corporate
14.94% 0.00% 100.00% 8.29%
Government
13.93% 0.00% 84.54% 4.59%
Derivative
0.00% 0.00% 79.93% 77.42%
Securitized
0.00% 0.00% 2.57% 74.74%
Municipal
0.00% 0.00% 0.00% 74.23%

Bond Geographic Breakdown

Weighting Return Low Return High ELMMX % Rank
US
0.63% 0.00% 4.42% 2.42%
Non US
0.00% 0.00% 3.45% 75.64%

Expenses

ELMMX - Expenses

Operational Fees

ELMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.04% 59.58% 90.34%
Management Fee 0.60% 0.00% 2.00% 10.32%
12b-1 Fee 0.10% 0.00% 1.00% 18.16%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

ELMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.20% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ELMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

ELMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 227.60% 2.00% 254.00% 98.96%

Distributions

ELMMX - Distributions

Dividend Yield Analysis

ELMMX Category Low Category High ELMMX % Rank
Dividend Yield 0.00% 0.00% 5.80% 76.75%

Dividend Distribution Analysis

ELMMX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

ELMMX Category Low Category High ELMMX % Rank
Net Income Ratio 2.46% -1.40% 5.73% 14.27%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ELMMX - Fund Manager Analysis

Managers

Ross Stevens


Start Date

Tenure

Tenure Rank

May 31, 2017

2.67

2.7%

Ross Stevens, Portfolio Manager of Stone Ridge Funds, is responsible for the day-to-day management of the Funds and its investments jointly with Mr. Nyren and Mr. Robbins. Mr. Stevens founded Stone Ridge in 2012. Mr. Stevens received his PhD in Finance and Statistics from the University of Chicago (Booth) and his BSE in Finance from the University of Pennsylvania (Wharton).

Nate Conrad


Start Date

Tenure

Tenure Rank

May 31, 2017

2.67

2.7%

Nate Conrad, Portfolio Manager of each Portfolio, is responsible for the day-to-day management of the Portfolios and their investments jointly with Mr. Fleder, Mr. Gutmann and Mr. Stevens. Prior to joining Stone Ridge in 2016, Mr. Conrad worked at Goldman Sachs, where he began his career, as the senior trader in Interest Rates Electronic Trading. Mr. Conrad received his BSE in Computer Information Science from the University of Pennsylvania’s Engineering school.

Robert Gutmann


Start Date

Tenure

Tenure Rank

May 31, 2017

2.67

2.7%

Robert Gutmann, Co-Portfolio Manager of each Fund, is responsible for the day-to-day management of the Funds and their investments jointly with Mr. Stevens and Mr. Nikolaev. Mr. Gutmann is a co-Founding Partner of Stone Ridge and has co-managed the Funds since their inception. Prior to joining Stone Ridge, Mr. Gutmann was the head of the Delta-One Synthetic Solutions Group at RBC Capital Markets. He started his career at Morgan Stanley, where he became a senior trader in the Delta-One Structured Products group. Mr. Gutmann received his B.A. in Mathematics and Music from Columbia University.

Daniel Fleder


Start Date

Tenure

Tenure Rank

May 31, 2017

2.67

2.7%

Prior to joining Stone Ridge in 2016, Mr. Fleder was the Chief of Staff for Operations at KCG, an automated market maker, from 2013 to 2015. From 2010-2013, he was at KCG’s precursor, GETCO, where he was the Head of Risk Management, responsible for firm-wide market, credit and operational risk. Mr. Fleder started his career at McKinsey & Company. Mr. Fleder received his PhD in Operations Research, Master’s in Statistics and BSE in Engineering from the University of Pennsylvania’s Wharton School and Engineering School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.95 5.71 0.59