FXDAX: Altegris Fixed Income Long Short A

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FXDAX Altegris Fixed Income Long Short A

  • Fund
  • FXDAX
  • Price as of: N/A
  • N/A N/A N/A
  • Primary Category
  • N/A
  • Fund Company
  • N/A
  • Share Class

FXDAX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $27.9 M
  • Holdings in Top 10 41.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.51%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 323.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of Nov 18, 2016

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Altegris Fixed Income Long Short Fund
  • Fund Family Name N/A
  • Inception Date Feb 28, 2013
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States

Fund Description

In seeking to achieve its investment objective, the fund will invest, under normal circumstances, at least 80% of its net assets in both long and short positions in fixed income securities of domestic and foreign issuers or counterparties ("80% investment policy"). It may invest in debt securities of any maturity or credit quality, including those rated below investment grade ("high yield securities" or "junk bonds").

FXDAX - Mutual Fund Categories

FXDAX - Performance

Return Ranking - Trailing

Period FXDAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -3.8% 13.1% N/A
1 Yr -5.1% -9.8% 7.5% N/A
3 Yr -1.4%* -4.2% 4.7% N/A
5 Yr N/A* -8.5% 23.6% N/A
10 Yr N/A* -7.3% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period FXDAX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -22.2% 3.1% N/A
2017 N/A -5.1% 25.1% N/A
2016 N/A -8.5% 192.8% N/A
2015 N/A -33.0% 3.0% N/A
2014 N/A -29.8% 32.1% N/A

Total Return Ranking - Trailing

Period FXDAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -3.8% 13.1% N/A
1 Yr -9.6% -9.8% 10.2% N/A
3 Yr -3.0%* -4.2% 6.9% N/A
5 Yr N/A* -8.2% 28.6% N/A
10 Yr N/A* -7.3% 26.4% N/A

* Annualized


Total Return Ranking - Calendar

Period FXDAX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -22.2% 7.9% N/A
2017 N/A -4.6% 25.1% N/A
2016 N/A -4.1% 204.3% N/A
2015 N/A -32.4% 4.2% N/A
2014 N/A -29.8% 32.1% N/A

NAV & Total Return History

FXDAX - Holdings

Concentration Analysis

FXDAX Category Low Category High FXDAX % Rank
Net Assets 27.9 M 330 K 229 B N/A
Number of Holdings 83 3 17358 N/A
Net Assets in Top 10 20.8 M -28.8 B 32.2 B N/A
Weighting of Top 10 41.51% 4.0% 1674.7% N/A

Top 10 Holdings

  1. Overseas Shipholding Grp 8.125% 4.63%

  2. Kraton Polymers Llc / Kraton 144A 10.5% 4.52%

  3. Interface Master Hldgs 144A 12.5% 4.50%

  4. Covenant Surgical Partners 144A 8.75% 4.24%

  5. Harland Clarke Hldgs 144A 9.75% 4.19%

  6. Manwin Licensing Intl Sarl 3.97%

  7. Iparadigm Tl 3.91%

  8. Hc2 Hldgs 144A 11% 3.90%

  9. Inventiv Health 10% 3.85%

  10. Coveris Hldgs S A 144A 7.875% 3.80%


Asset Allocation

Weighting Return Low Return High FXDAX % Rank
Bonds
96.74% 0.00% 394.27% N/A
Convertible Bonds
13.10% 0.00% 18.42% N/A
Other
0.07% -98.58% 236.55% N/A
Preferred Stocks
0.00% 0.00% 20.33% N/A
Stocks
-1.61% -3.42% 96.77% N/A
Cash
-8.30% -539.21% 70.47% N/A

Bond Sector Breakdown

Weighting Return Low Return High FXDAX % Rank
Corporate
108.12% 0.00% 127.23% N/A
Government
3.10% -74.72% 316.66% N/A
Securitized
0.00% 0.00% 103.00% N/A
Municipal
0.00% 0.00% 102.07% N/A
Cash & Equivalents
-2.22% -532.79% 70.33% N/A
Derivative
-7.46% -234.33% 48.69% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FXDAX % Rank
US
80.55% 0.00% 219.16% N/A
Non US
16.19% -41.14% 244.34% N/A

FXDAX - Expenses

Operational Fees

FXDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.51% 0.00% 38.42% N/A
Management Fee 1.75% 0.00% 2.15% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.63% N/A

Sales Fees

FXDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

FXDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% N/A

Turnover 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.

FXDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 323.00% 0.00% 2337.00% N/A

FXDAX - Distributions

Dividend Yield Analysis

FXDAX Category Low Category High FXDAX % Rank
Dividend Yield 0.00% 0.00% 8.86% N/A

Dividend Distribution Analysis

FXDAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FXDAX Category Low Category High FXDAX % Rank
Net Income Ratio 4.06% -2.82% 7.22% N/A

Capital Gain Distribution Analysis

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

FXDAX - Managers

Tenure Analysis

Category Low

0.0

Category High

30.51

Category Average

6.95

Category Mode

7.12