Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

FXMAX PSI All Asset A

  • Fund
  • FXMAX
  • Price as of: Aug 16, 2019
  • $7.23 + $0.08 + 1.12%
  • Category
  • Market Neutral

FXMAX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return -3.1%
  • 5 Yr Annualized Return -3.3%
  • Net Assets $12.8 M
  • Holdings in Top 10 96.2%

52 WEEK LOW AND HIGH

$7.23
$6.73
$8.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.98%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 4753.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Market Neutral
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return -3.1%
  • 5 Yr Annualized Total Return -3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name PSI All Asset Fund
  • Fund Family Name Portfolio Strategies
  • Inception Date Aug 23, 2010
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager John Williamson

Fund Description

The fund's investment adviser seeks to achieve its investment objective by investing long or short in a combination of underlying funds which include exchange traded funds, derivatives and open-end investment companies ("mutual funds") using the adviser's long/short strategy. The ETFs and mutual funds in which the fund invests each primarily invest in: (1) U.S. common stocks, (2) foreign common stocks, (3) U.S. fixed income securities, (4) foreign fixed income securities, (5) money market securities, (6) commodities, or (7) currencies.

FXMAX - Performance

Return Ranking - Trailing

Period FXMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -12.8% 17.2% 7.50%
1 Yr -10.0% -33.7% 4.6% 77.50%
3 Yr -3.1%* -15.4% 5.9% 67.95%
5 Yr -3.3%* -22.7% 2.1% 66.67%
10 Yr N/A* -14.0% 13.5% N/A

* Annualized


Return Ranking - Calendar

Period FXMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -22.4% -27.8% 6.2% 92.31%
2017 6.1% -21.2% 6.1% 1.28%
2016 7.6% -8.4% 7.9% 3.85%
2015 -7.8% -71.0% 5.6% 84.00%
2014 -2.8% -7.6% 5.2% 77.78%

Total Return Ranking - Trailing

Period FXMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -12.8% 17.2% 7.50%
1 Yr -10.0% -33.7% 8.3% 80.00%
3 Yr -3.1%* -13.3% 7.6% 73.08%
5 Yr -3.3%* -22.7% 4.0% 72.00%
10 Yr N/A* -14.0% 15.1% N/A

* Annualized


Total Return Ranking - Calendar

Period FXMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -22.4% -27.8% 8.0% 92.31%
2017 6.1% -9.9% 7.0% 6.41%
2016 7.6% -8.4% 11.2% 7.69%
2015 -7.8% -71.0% 5.6% 90.67%
2014 -2.8% -7.6% 6.4% 82.54%

NAV & Total Return History

FXMAX - Holdings

Concentration Analysis

FXMAX Category Low Category High FXMAX % Rank
Net Assets 12.8 M 8.31 M 7.94 B 92.50%
Number of Holdings 8 8 1081 100.00%
Net Assets in Top 10 12.8 M -1.78 B 552 M 47.50%
Weighting of Top 10 96.19% 8.4% 947.2% 12.50%

Top 10 Holdings

  1. iShares Core S&P 500 ETF 30.71%

  2. Vanguard S&P 500 ETF 30.68%

  3. ProShares UltraPro S&P500 10.01%

  4. PIMCO Enhanced Short Maturity Active ETF 9.98%

  5. SPDR® S&P 500 ETF 9.83%

  6. SPDR® Blmbg Barclays 1-3 Mth T-Bill ETF 4.99%


Asset Allocation

Weighting Return Low Return High FXMAX % Rank
Stocks
100.96% -33.31% 100.96% 1.25%
Bonds
8.46% -47.88% 30.25% 18.75%
Other
0.10% -6.51% 82.74% 26.25%
Convertible Bonds
0.09% 0.00% 77.54% 27.50%
Preferred Stocks
0.00% -0.69% 10.66% 56.25%
Cash
-9.61% -9.61% 132.20% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High FXMAX % Rank
Technology
18.21% -705.25% 32.80% 8.97%
Financial Services
12.25% -2.63% 20.52% 17.95%
Healthcare
11.45% -12.85% 73.95% 10.26%
Consumer Cyclical
9.44% -7.91% 743.61% 16.67%
Industrials
8.10% -2.10% 328.02% 37.18%
Consumer Defense
6.13% -193.88% 32.44% 8.97%
Energy
4.31% -3.73% 191.94% 25.64%
Communication Services
2.74% -269.20% 5.75% 16.67%
Utilities
2.62% -26.15% 9.02% 12.82%
Real Estate
2.15% -70.72% 6.21% 14.10%
Basic Materials
1.87% -33.88% 9.25% 52.56%

Stock Geographic Breakdown

Weighting Return Low Return High FXMAX % Rank
US
100.04% -32.17% 109.63% 3.75%
Non US
0.92% -112.79% 54.85% 53.75%

Bond Sector Breakdown

Weighting Return Low Return High FXMAX % Rank
Corporate
5.90% -0.70% 87.45% 28.75%
Securitized
2.05% 0.00% 35.43% 5.00%
Government
0.32% -29.73% 21.36% 15.00%
Municipal
0.05% 0.00% 3.44% 7.50%
Derivative
0.00% -68.08% 3.30% 46.25%
Cash & Equivalents
-10.16% -10.16% 132.18% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High FXMAX % Rank
US
5.43% -83.47% 30.25% 18.75%
Non US
3.03% 0.00% 35.59% 10.00%

FXMAX - Expenses

Operational Fees

FXMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.98% 0.77% 4.58% 32.50%
Management Fee 1.00% 0.13% 2.00% 52.50%
12b-1 Fee 0.25% 0.00% 1.00% 35.56%
Administrative Fee 0.10% 0.04% 0.40% 54.29%

Sales Fees

FXMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.25% 5.75% 9.52%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FXMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 35.71%

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.

FXMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4753.00% 64.00% 4753.00% 100.00%

FXMAX - Distributions

Dividend Yield Analysis

FXMAX Category Low Category High FXMAX % Rank
Dividend Yield 0.00% 0.00% 0.11% 77.50%

Dividend Distribution Analysis

FXMAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

FXMAX Category Low Category High FXMAX % Rank
Net Income Ratio -0.32% -2.09% 2.72% 62.50%

Capital Gain Distribution Analysis

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

FXMAX - Managers

John Williamson

Manager

Start Date

Tenure

Tenure Rank

Aug 23, 2010

8.94

8.9%

Mr. Williamson joined the Portfolio Strategies, Inc. in 2001 as Marketing Director and has served as Managing Partner since 2005. Mr. Williamson holds a B.S. in Business Management degree from Oral Roberts University.


David Jajewski

Manager

Start Date

Tenure

Tenure Rank

Aug 23, 2010

8.94

8.9%

David holds a degree in Economics from Ripon College. He began his risk management career in 1983, and by 1987, he had established his own practice, working with clients to help them define and achieve their financial goals. He began representing Portfolio Strategies in 1991, and in 1995, in a joint venture, he helped create the Variable Products Division at PSI, which manages tax-deferred products. Then in 2001, David joined PSI as a managing partner. Most recently in 2009, he became President and Chief Compliance Officer.


Tenure Analysis

Category Low

0.0

Category High

28.84

Category Average

6.42

Category Mode

5.54