EQCHX: Equinox Chesapeake Strategy I

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EQCHX Equinox Chesapeake Strategy I


Profile

EQCHX - Profile

Vitals

  • YTD Return -8.2%
  • 3 Yr Annualized Return -8.1%
  • 5 Yr Annualized Return -5.8%
  • Net Assets $40.2 M
  • Holdings in Top 10 60.2%

52 WEEK LOW AND HIGH

$9.49
$9.49
$11.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.98%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $5,000

Fund Classification

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

Distributions

  • YTD Total Return -8.2%
  • 3 Yr Annualized Total Return -8.1%
  • 5 Yr Annualized Total Return -5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.49%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AXS Chesapeake Strategy Fund
  • Fund Family Name
    Equinox
  • Inception Date
    Sep 10, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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

EQCHX - Performance

Return Ranking - Trailing

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -18.8% 12.8% 75.81%
1 Yr -10.3% -21.5% 7.6% 61.29%
3 Yr -8.1%* -9.3% 5.8% 89.13%
5 Yr -5.8%* -7.8% 3.5% 73.68%
10 Yr N/A* -4.2% -2.4% N/A

* Annualized

Return Ranking - Calendar

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
2019 -6.2% -8.5% 14.4% 75.81%
2018 -13.9% -25.8% 3.4% 91.23%
2017 15.1% -5.1% 16.7% 8.70%
2016 -6.3% -20.3% 3.3% 60.98%
2015 1.8% -16.1% 14.0% 11.11%

Total Return Ranking - Trailing

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -18.8% 12.8% 75.81%
1 Yr -10.3% -21.5% 7.6% 61.29%
3 Yr -8.1%* -9.3% 5.8% 91.30%
5 Yr -5.6%* -6.1% 5.7% 97.37%
10 Yr N/A* -3.5% -0.5% N/A

* Annualized

Total Return Ranking - Calendar

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
2019 -6.2% -8.5% 14.4% 75.81%
2018 -13.9% -20.3% 3.4% 94.74%
2017 15.1% -5.1% 19.4% 8.70%
2016 -6.3% -20.3% 4.5% 70.73%
2015 3.1% -16.1% 22.6% 13.89%

NAV & Total Return History


Holdings

EQCHX - Holdings

Concentration Analysis

EQCHX Category Low Category High EQCHX % Rank
Net Assets 40.2 M 2.93 M 1.12 B 46.77%
Number of Holdings 58 7 851 62.90%
Net Assets in Top 10 48 M 341 K 625 M 38.71%
Weighting of Top 10 60.24% 0.6% 186.3% 61.54%

Top 10 Holdings

  1. United States Treasury Notes 2% 20.27%
  2. United States Treasury Notes 1.5% 13.68%
  3. United States Treasury Notes 1.63% 11.89%
  4. United States Treasury Notes 2.25% 8.98%
  5. Axs Chesapeake Strategy Fund Ltd 3.86%
  6. Axs Chesapeake Strategy Fund Ltd 3.86%
  7. 10 Year Australian Treasury Bond Future Mar 20 0.34%
  8. 10 Year Australian Treasury Bond Future Mar 20 0.34%
  9. Ultra US Treasury Bond Future Mar 20 0.33%
  10. Ultra US Treasury Bond Future Mar 20 0.33%

Asset Allocation

Weighting Return Low Return High EQCHX % Rank
Bonds
52.84% 0.00% 90.63% 48.39%
Other
32.47% -33.70% 141.62% 30.65%
Cash
13.31% -85.01% 110.92% 50.00%
Stocks
1.38% -7.23% 57.05% 29.03%
Preferred Stocks
0.00% 0.00% 0.05% 8.06%
Convertible Bonds
0.00% 0.00% 11.37% 45.16%

Stock Sector Breakdown

Weighting Return Low Return High EQCHX % Rank
Utilities
0.00% 0.00% 9.19% N/A
Technology
0.00% 0.00% 21.35% N/A
Real Estate
0.00% 1.50% 100.00% N/A
Industrials
0.00% 0.00% 17.01% N/A
Healthcare
0.00% 0.00% 16.52% N/A
Financial Services
0.00% 0.00% 38.59% N/A
Energy
0.00% 0.00% 8.31% N/A
Communication Services
0.00% 0.00% 9.00% N/A
Consumer Defense
0.00% 0.00% 8.18% N/A
Consumer Cyclical
0.00% 0.00% 9.85% N/A
Basic Materials
0.00% 0.00% 16.39% N/A

Stock Geographic Breakdown

Weighting Return Low Return High EQCHX % Rank
Non US
0.70% -4.80% 57.05% 37.10%
US
0.68% -9.55% 26.18% 20.97%

Bond Sector Breakdown

Weighting Return Low Return High EQCHX % Rank
Government
78.65% 0.00% 90.64% 8.06%
Cash & Equivalents
20.05% -1.45% 100.00% 67.74%
Derivative
1.29% -62.05% 85.27% 33.87%
Securitized
0.00% 0.00% 65.69% 45.16%
Corporate
0.00% 0.00% 48.01% 54.84%
Municipal
0.00% 0.00% 2.16% 17.74%

Bond Geographic Breakdown

Weighting Return Low Return High EQCHX % Rank
US
54.82% 0.00% 76.65% 32.26%
Non US
-1.98% -3.36% 74.92% 87.10%

Expenses

EQCHX - Expenses

Operational Fees

EQCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.98% 1.21% 5.07% 59.68%
Management Fee 1.50% 0.25% 2.99% 62.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

EQCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EQCHX 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.

EQCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 184.00% 64.00%

Distributions

EQCHX - Distributions

Dividend Yield Analysis

EQCHX Category Low Category High EQCHX % Rank
Dividend Yield 0.00% 0.00% 10.94% 9.68%

Dividend Distribution Analysis

EQCHX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

EQCHX Category Low Category High EQCHX % Rank
Net Income Ratio 0.49% -1.04% 2.13% 53.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

EQCHX - Fund Manager Analysis

Managers

R Parker


Start Date

Tenure

Tenure Rank

Jul 26, 2017

2.76

2.8%

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

2.76

2.8%

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.

Mark Lacuesta


Start Date

Tenure

Tenure Rank

Jan 31, 2020

0.25

0.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 13.17 4.51 2.67