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Name

As of 10/13/2023

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

Equalize Community Development Fund

EQCDX | Fund

$9.23

$44.3 M

3.87%

$0.36

2.75%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$44.3 M

Holdings in Top 10

62.2%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

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 10/13/2023

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

Equalize Community Development Fund

EQCDX | Fund

$9.23

$44.3 M

3.87%

$0.36

2.75%

EQCDX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.56%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Equalize Community Development Fund
  • Fund Family Name
    Equalize Capital LLC
  • Inception Date
    Feb 21, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Lee Calfo

Fund Description

EQCDX - Performance

Return Ranking - Trailing

Period EQCDX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -1.4% 4.8% 98.88%
1 Yr N/A -6.1% 21.5% 95.51%
3 Yr N/A* -5.8% 7.3% 93.70%
5 Yr N/A* -7.2% 37.3% 89.45%
10 Yr N/A* -2.0% 19.3% 89.14%

* Annualized

Return Ranking - Calendar

Period EQCDX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -12.0% 17.3% 97.76%
2022 N/A -22.9% 5.1% 33.72%
2021 N/A -12.2% 12.0% 98.04%
2020 N/A -14.1% 289.8% 3.28%
2019 N/A -8.1% 14.6% 82.20%

Total Return Ranking - Trailing

Period EQCDX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -1.4% 4.8% 98.88%
1 Yr N/A -6.1% 21.5% 95.51%
3 Yr N/A* -5.8% 7.3% 93.70%
5 Yr N/A* -7.2% 37.3% 89.45%
10 Yr N/A* -2.0% 19.3% 89.14%

* Annualized

Total Return Ranking - Calendar

Period EQCDX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -12.0% 30.3% 98.51%
2022 N/A -22.9% 5.1% 74.71%
2021 N/A -10.2% 19.4% 96.86%
2020 N/A -14.1% 306.9% 3.69%
2019 N/A -3.6% 23.8% 85.17%

NAV & Total Return History

EQCDX - Holdings

Concentration Analysis

EQCDX Category Low Category High EQCDX % Rank
Net Assets 44.3 M 29.9 M 13.5 B 99.25%
Number of Holdings 42 2 1605 96.31%
Net Assets in Top 10 27.6 M -191 M 2.48 B 77.49%
Weighting of Top 10 62.21% 5.2% 100.8% 4.44%

Top 10 Holdings

  1. Oaks at Pooler, LLC, Georgia, 6/30/2021 11.57%
  2. McDonough Hospitality Plaza, LLC, Georgia, 12/1/2016 10.14%
  3. Clarke Avenue Realty LLC, Delaware, 4/8/2022 6.95%
  4. Clarke Avenue Realty LLC, Delaware, 4/4/2022 6.61%
  5. MSILF Treasury Portfolio, Class Institutional USD 5.66%
  6. Nicholas Holdings, LLC, Georiga, 11/8/2022 5.38%
  7. 537 Maple Hotel LLC, New Jersey, 10/15/2021 4.25%
  8. 7410-7428 Bellaire, LLC, California, 8/22/2014 4.03%
  9. Shiv Shakti Investments, LLC, Georgia, 6/20/2017 3.91%
  10. Stanley Avenue Realty, LLC, New York, 9/17/2014 3.72%

Asset Allocation

Weighting Return Low Return High EQCDX % Rank
Bonds 		103.95% 0.00% 161.82% 8.12%
Cash 		5.66% -61.90% 18.85% 42.07%
Stocks 		0.00% 0.00% 100.78% 97.05%
Preferred Stocks 		0.00% -3.99% 6.42% 76.75%
Other 		0.00% -52.39% 26.58% 76.38%
Convertible Bonds 		0.00% 0.00% 5.51% 78.07%

Bond Sector Breakdown

Weighting Return Low Return High EQCDX % Rank
Corporate 		95.05% 0.00% 141.23% 27.14%
Cash & Equivalents 		5.66% 0.00% 25.03% 40.96%
Derivative 		0.00% -8.79% 1.12% 70.85%
Securitized 		0.00% 0.00% 91.68% 81.41%
Municipal 		0.00% 0.00% 0.47% 64.68%
Government 		0.00% 0.00% 3.18% 72.86%

Bond Geographic Breakdown

Weighting Return Low Return High EQCDX % Rank
US 		103.95% 0.00% 144.71% 4.43%
Non US 		0.00% 0.00% 63.23% 81.18%

EQCDX - Expenses

Operational Fees

EQCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.75% 0.03% 12.26% 10.26%
Management Fee 1.50% 0.00% 1.89% 93.88%
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% 10.55%

EQCDX - Distributions

Dividend Yield Analysis

EQCDX Category Low Category High EQCDX % Rank
Dividend Yield 3.87% 0.00% 11.09% 94.62%

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% 91.73%

Capital Gain Distribution Analysis

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

Distributions History

View More +

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 6.0 3.25

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