EQLIX: Equable Shares Hedged Equity Fund - MutualFunds.com

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Equable Shares Large Cap Fund

EQLIX - Snapshot

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $51.2 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$11.19
$8.54
$11.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.85%

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.04%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Feb 14, 2019
  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Compare EQLIX to Popular Options-based Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$23.81

0.00%

$12.74 B

1.15%

$0.27

11.99%

-

$36.23

0.00%

$6.71 B

0.71%

$0.26

4.44%

-

$12.51

+0.08%

$1.76 B

-

-

1.21%

-

$9.20

+0.11%

$1.51 B

-

-

-8.28%

-

EQLIX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Equable Shares Hedged Equity Fund
  • Fund Family Name
    Equable Shares
  • Inception Date
    May 31, 2019
  • Shares Outstanding
    4814885
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ronald Santella

Fund Description

The fund seeks to achieve its investment objective by investing in equity securities of U.S. issuers based on the S&P 500 Index (the "index") while hedging overall market exposure by writing (selling) exchange traded call options based on the same securities. Under normal market conditions, it will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities based on the index. The fund is non-diversified.


EQLIX - Performance

Return Ranking - Trailing

Period EQLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -33.8% 930.0% 51.74%
1 Yr 0.4% -34.2% 25.3% 57.40%
3 Yr N/A* -14.7% 13.8% N/A
5 Yr N/A* -8.0% 12.6% N/A
10 Yr N/A* -5.7% 12.2% N/A

* Annualized

Return Ranking - Calendar

Period EQLIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -28.6% 28.4% N/A
2018 N/A -93.5% 8.2% N/A
2017 N/A -38.9% 19.8% N/A
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 6.6% N/A

Total Return Ranking - Trailing

Period EQLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -33.8% 930.0% 51.74%
1 Yr 0.4% -37.3% 25.3% 50.67%
3 Yr N/A* -14.7% 13.8% N/A
5 Yr N/A* -8.0% 12.6% N/A
10 Yr N/A* -5.7% 12.2% N/A

* Annualized

Total Return Ranking - Calendar

Period EQLIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -5.9% 28.4% N/A
2018 N/A -30.9% 8.2% N/A
2017 N/A -23.4% 19.8% N/A
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 8.0% N/A

NAV & Total Return History


EQLIX - Holdings

Concentration Analysis

EQLIX Category Low Category High EQLIX % Rank
Net Assets 51.2 M 628 K 12.7 B 67.19%
Number of Holdings 7 3 509 88.80%
Net Assets in Top 10 49.2 M -3.33 M 3.98 B 52.40%
Weighting of Top 10 N/A 14.4% 100.0% 13.27%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 94.83%
  2. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  3. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  4. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  5. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  6. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  7. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  8. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  9. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%
  10. Option on SPDR® S&P 500 ETF Trust Dec20 7.82%

Asset Allocation

Weighting Return Low Return High EQLIX % Rank
Stocks
87.55% -8.21% 100.13% 63.20%
Cash
12.45% -27.95% 103.52% 28.80%
Preferred Stocks
0.00% 0.00% 5.17% 3.60%
Other
0.00% -5.49% 78.63% 20.00%
Convertible Bonds
0.00% 0.00% 27.16% 10.00%
Bonds
0.00% 0.00% 98.05% 16.40%

Stock Sector Breakdown

Weighting Return Low Return High EQLIX % Rank
Technology
24.69% 0.00% 44.70% 11.89%
Healthcare
14.33% 0.00% 29.45% 36.12%
Financial Services
12.83% 0.00% 27.65% 71.37%
Consumer Cyclical
11.31% 0.00% 18.75% 39.21%
Communication Services
10.80% 0.00% 21.22% 41.85%
Industrials
8.62% 1.88% 44.64% 37.44%
Consumer Defense
7.49% 0.00% 26.50% 61.23%
Utilities
2.96% 0.00% 15.00% 66.96%
Real Estate
2.64% 0.00% 8.90% 35.68%
Basic Materials
2.28% 0.00% 64.58% 33.92%
Energy
2.06% 0.00% 60.53% 54.19%

Stock Geographic Breakdown

Weighting Return Low Return High EQLIX % Rank
US
86.74% -8.13% 99.79% 52.40%
Non US
0.81% -0.70% 98.99% 65.20%

EQLIX - Expenses

Operational Fees

EQLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.85% 0.20% 9.76% 9.83%
Management Fee 0.75% 0.00% 1.75% 26.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.28% N/A

Sales Fees

EQLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

EQLIX 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.

EQLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.04% 0.00% 456.80% 19.19%

EQLIX - Distributions

Dividend Yield Analysis

EQLIX Category Low Category High EQLIX % Rank
Dividend Yield 0.42% 0.00% 9.08% 13.44%

Dividend Distribution Analysis

EQLIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

EQLIX Category Low Category High EQLIX % Rank
Net Income Ratio 1.05% -2.13% 14.24% 37.87%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

EQLIX - Fund Manager Analysis

Managers

Ronald Santella


Start Date

Tenure

Tenure Rank

May 31, 2019

1.42

1.4%

Mr. Santella is the founder, Chief Executive Officer and Chief Investment Officer of the Adviser, and has over thirty years of experience in the financial markets as a successful entrepreneur and business. Mr. Santella started his career in 1985 at O’Connor and Associates in Chicago as a listed options trader. In 1986 he joined Grace Brothers as the head trader and portfolio manager for arbitrage strategies. In 1990, Mr. Santella founded and managed a hedge fund primarily focused on convertible bond and volatility arbitrage strategies. After a successful tenure of managing a series of hedge funds over the next 15 years, Mr. Santella established a family office in 2005 to invest his own capital, along with a limited number of partners’ capital, in alternative investment strategies. In 2008, Mr. Santella took the helm as CEO of Fox River Execution, an institutional brokerage firm, based in Geneva, Illinois. Under his leadership, Fox River aggressively grew its customer base, revenues and profit over a 2-year period; which resulted in the ultimate sale of the firm to SunGard in July of 2010. Since leaving SunGard in 2011, Mr. Santella has acted as an independent consultant, and has partnered with Woori Bank of Korea, SkyBridge Capital and ED&F Man Capital Markets to provide solutions and create products in alternatives, mutual funds and execution services for UIT sponsors.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 19.35 3.67 5.26
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