Equalize Community Development Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.0%
1 yr return
5.3%
3 Yr Avg Return
0.9%
5 Yr Avg Return
2.1%
Net Assets
$35.8 M
Holdings in Top 10
69.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 27.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EQCDX - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.56%
- Dividend Yield 3.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameEqualize Community Development Fund
-
Fund Family NameEqualize Capital LLC
-
Inception DateFeb 21, 2014
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLee Calfo
Fund Description
EQCDX - Performance
Return Ranking - Trailing
Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | -4.6% | 10.7% | 94.72% |
1 Yr | 5.3% | -4.4% | 11.1% | 94.72% |
3 Yr | 0.9%* | -6.8% | 8.3% | 94.86% |
5 Yr | 2.1%* | -4.7% | 38.1% | 91.74% |
10 Yr | 2.7%* | -0.2% | 20.0% | 90.66% |
* Annualized
Return Ranking - Calendar
Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.6% | -12.0% | 11.1% | 98.11% |
2022 | -6.6% | -22.9% | 5.1% | 33.33% |
2021 | -1.3% | -12.2% | 11.1% | 98.02% |
2020 | 3.0% | -14.1% | 289.8% | 2.48% |
2019 | 1.5% | -8.1% | 7.5% | 80.43% |
Total Return Ranking - Trailing
Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | -4.6% | 10.7% | 94.72% |
1 Yr | 5.3% | -4.4% | 11.1% | 94.72% |
3 Yr | 0.9%* | -6.8% | 8.3% | 94.86% |
5 Yr | 2.1%* | -4.7% | 38.1% | 91.74% |
10 Yr | 2.7%* | -0.2% | 20.0% | 90.66% |
* Annualized
Total Return Ranking - Calendar
Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -12.0% | 22.1% | 98.49% |
2022 | -4.1% | -22.9% | 5.1% | 74.81% |
2021 | 1.2% | -10.2% | 11.1% | 97.22% |
2020 | 6.6% | -8.8% | 306.9% | 2.89% |
2019 | 5.1% | -3.6% | 12.1% | 86.38% |
NAV & Total Return History
EQCDX - Holdings
Concentration Analysis
EQCDX | Category Low | Category High | EQCDX % Rank | |
---|---|---|---|---|
Net Assets | 35.8 M | 29.9 M | 13.5 B | 99.23% |
Number of Holdings | 35 | 2 | 2051 | 96.11% |
Net Assets in Top 10 | 24.7 M | -191 M | 2.37 B | 75.88% |
Weighting of Top 10 | 68.98% | 5.2% | 100.7% | 4.69% |
Top 10 Holdings
- Oaks at Pooler, LLC, Georgia, 6/30/2021 14.77%
- McDonough Hospitality Plaza, LLC, Georgia, 12/1/2016 12.59%
- Clarke Avenue Realty LLC, Delaware, 4/4/2022 7.08%
- Nicholas Holdings, LLC, Georiga, 11/8/2022 6.60%
- Designer Construction Corporation, 10/27/2023 5.87%
- 537 Maple Hotel LLC, New Jersey, 10/15/2021 5.45%
- Shiv Shakti Investments, LLC, Georgia, 6/20/2017 4.90%
- Stanley Avenue Realty, LLC, New York, 9/17/2014 4.66%
- 5205 Orange LLC, Florida, 6/23/2022 3.72%
- Budva Properties, LLC, Arizona, 8/6/2021 3.35%
Asset Allocation
Weighting | Return Low | Return High | EQCDX % Rank | |
---|---|---|---|---|
Bonds | 106.36% | 0.00% | 161.82% | 6.61% |
Cash | 1.83% | -61.90% | 16.36% | 60.31% |
Stocks | 0.00% | 0.00% | 100.74% | 98.44% |
Preferred Stocks | 0.00% | -3.99% | 7.54% | 82.88% |
Other | 0.00% | -52.39% | 26.58% | 78.99% |
Convertible Bonds | 0.00% | 0.00% | 5.51% | 79.61% |
Bond Sector Breakdown
Weighting | Return Low | Return High | EQCDX % Rank | |
---|---|---|---|---|
Corporate | 95.05% | 0.00% | 99.80% | 24.71% |
Cash & Equivalents | 1.83% | 0.00% | 25.03% | 53.70% |
Derivative | 0.00% | -11.46% | 0.67% | 70.43% |
Securitized | 0.00% | 0.00% | 91.68% | 84.71% |
Municipal | 0.00% | 0.00% | 0.47% | 70.59% |
Government | 0.00% | 0.00% | 3.18% | 76.08% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | EQCDX % Rank | |
---|---|---|---|---|
US | 106.36% | 0.00% | 124.50% | 4.28% |
Non US | 0.00% | 0.00% | 63.23% | 83.66% |
EQCDX - Expenses
Operational Fees
EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.75% | 0.03% | 5.51% | 9.09% |
Management Fee | 1.50% | 0.00% | 1.89% | 93.56% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 27.00% | 4.00% | 180.00% | 10.74% |
EQCDX - Distributions
Dividend Yield Analysis
EQCDX | Category Low | Category High | EQCDX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.86% | 0.00% | 11.13% | 94.34% |
Dividend Distribution Analysis
EQCDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
EQCDX | Category Low | Category High | EQCDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.56% | 1.77% | 9.82% | 91.30% |
Capital Gain Distribution Analysis
EQCDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 20, 2024 | $0.090 | OrdinaryDividend |
Jun 21, 2024 | $0.086 | OrdinaryDividend |
Mar 22, 2024 | $0.089 | OrdinaryDividend |
Dec 22, 2023 | $0.083 | OrdinaryDividend |
Sep 22, 2023 | $0.082 | OrdinaryDividend |
Jun 16, 2023 | $0.080 | OrdinaryDividend |
Mar 17, 2023 | $0.085 | OrdinaryDividend |
Dec 23, 2022 | $0.082 | OrdinaryDividend |
Sep 23, 2022 | $0.094 | OrdinaryDividend |
Jun 17, 2022 | $0.074 | OrdinaryDividend |
Mar 18, 2022 | $0.045 | OrdinaryDividend |
Dec 17, 2021 | $0.049 | OrdinaryDividend |
Sep 17, 2021 | $0.067 | OrdinaryDividend |
Jun 18, 2021 | $0.057 | OrdinaryDividend |
Mar 19, 2021 | $0.075 | OrdinaryDividend |
Dec 18, 2020 | $0.068 | OrdinaryDividend |
Sep 18, 2020 | $0.087 | OrdinaryDividend |
Jun 19, 2020 | $0.082 | OrdinaryDividend |
Mar 20, 2020 | $0.099 | OrdinaryDividend |
Dec 20, 2019 | $0.084 | OrdinaryDividend |
Sep 20, 2019 | $0.084 | OrdinaryDividend |
Jun 21, 2019 | $0.086 | OrdinaryDividend |
Mar 22, 2019 | $0.092 | OrdinaryDividend |
Dec 21, 2018 | $0.087 | OrdinaryDividend |
Dec 21, 2018 | $0.009 | CapitalGainLongTerm |
Sep 21, 2018 | $0.087 | OrdinaryDividend |
Jun 22, 2018 | $0.084 | OrdinaryDividend |
Mar 23, 2018 | $0.100 | OrdinaryDividend |
Dec 22, 2017 | $0.095 | OrdinaryDividend |
Sep 22, 2017 | $0.097 | OrdinaryDividend |
Jun 23, 2017 | $0.093 | OrdinaryDividend |
Mar 24, 2017 | $0.095 | OrdinaryDividend |
Dec 23, 2016 | $0.080 | OrdinaryDividend |
Sep 30, 2016 | $0.079 | OrdinaryDividend |
Jun 24, 2016 | $0.076 | OrdinaryDividend |
Mar 24, 2016 | $0.075 | OrdinaryDividend |
Dec 18, 2015 | $0.110 | OrdinaryDividend |
Sep 25, 2015 | $0.084 | OrdinaryDividend |
Jun 26, 2015 | $0.073 | OrdinaryDividend |
Mar 27, 2015 | $0.037 | OrdinaryDividend |
Dec 19, 2014 | $0.085 | OrdinaryDividend |
Sep 26, 2014 | $0.009 | OrdinaryDividend |
EQCDX - Fund Manager Analysis
Managers
Lee Calfo
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Lee A. Calfo is the Chief Executive Officer and a Portfolio Manager of the Adviser and has served as President and a Portfolio Manager of the Fund since 2019. Mr. Calfo is also the President and founder of Bluestone Capital Management, LLC, an investment advisory firm, where he serves as a Portfolio Manager and has managed the firm’s asset management strategies, since 2010. He has also served as the Chief Executive Officer of J. Alden Associates, Inc., a broker-dealer, and Alden Capital Management, an asset management firm, since 2018. Mr. Calfo served as President of MCG Securities LLC, a broker-dealer, from 2012 to 2017. Prior to founding Bluestone Capital Management, LLC, Mr. Calfo served as President of Iron Bay Capital in 2011, Portfolio Manager at Boenning & Scattergood, Inc. from 2007 to 2009, and Chief Investment Officer and Director of Research at Cohen & Company Securities, LLC from 2004 to 2007
Joe Gladue
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Joe Gladue is the Chief Financial Officer and a Portfolio Manager of Bluestone Capital Partners. Mr. Gladue has also served as the Director of Research for MCG Securities, LLC, a broker-dealer, since 2015 and the Director of Research for J. Alden Associates, Inc., broker-dealer, since 2018. Mr. Gladue served as Vice President Corporate Development for BofI Federal Bank from 2014 to 2015. He also served as an Analyst for B. Riley & Co., LLC from 2007 to 2012 and Cohen & Company Securities, LLC from 2003 to 2007. Mr. Gladue earned a M.S. in Finance at Loyola University in Maryland and a B.A. in Economics at the University of Notre Dame. Mr. Gladue has also earned the Chartered Financial Analyst (CFA) and the Professional Risk Manager (PRM) designations.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.08 | 3.25 |