PSI Strategic Growth A
Name
As of 06/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.3%
1 yr return
-20.8%
3 Yr Avg Return
-9.9%
5 Yr Avg Return
-5.8%
Net Assets
$21.2 M
Holdings in Top 10
77.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.39%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FXSAX - Profile
Distributions
- YTD Total Return -3.3%
- 3 Yr Annualized Total Return -9.9%
- 5 Yr Annualized Total Return -5.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.30%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NamePSI Strategic Growth Fund
-
Fund Family NamePortfolio Strategies
-
Inception DateAug 23, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Jajewski
Fund Description
The Funds investment adviser seeks to achieve the Funds primary investment objective by investing in a combination of underlying funds which include open-end investment companies (mutual funds) and exchange traded funds (ETFs) that each invest primarily in (1) U.S. fixed income securities, (2) money market securities, (3) U.S. equity securities (common and preferred stocks), (4) foreign equity securities (common and preferred stocks), or (5) alternative assets, which the Fund defines as commodity-related, currency-related or real estate-related securities, using the advisers market analysis strategy, or (6) inverse securities designed to produce short positions with returns opposite to the securities index to which they are linked. In pursuing the Funds strategies, the Fund may invest in (i) ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the performance of the underlying index, and (ii) inverse ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the inverse performance of the underlying index.
The adviser seeks to achieve the Funds secondary investment objective, in part, by investing in alternative assets, which it believes have returns that are not highly correlated to those of the equity or fixed income markets in general, and by hedging up to 50% of the Funds assets through derivatives or by purchasing inverse ETFs (securities designed to produce short positions with returns opposite to the securities index to which they are linked). The adviser may also use derivatives as a substitute for securities to fulfill either the primary or secondary investment objective.
Fund assets are selected by the adviser without restriction as to minimum issuer credit quality, sector, capitalization, country of origin, or security maturity. Fixed income ETFs may invest in non-investment grade fixed income securities, commonly known as high yield or junk bonds that are rated below Baa3 by Moodys Investors Service or similarly by another rating agency. Foreign common stock ETFs may invest in common stock of companies located in emerging market countries. The use of Growth in the Funds name refers, generally, to the goal of growth of investment rather than a strategy of investing in relatively high-growth companies.
The advisers market analysis strategy assesses the return outlook for segments of the capital markets by giving consideration to both the long term historic risk (as measured by volatility of returns) and return characteristics of the various asset classes, as well as how fundamental drivers, such as economic growth rates, could be expected to shape the future return and risk characteristics. The strategy relies on broad asset class representation and the inclusion of lower correlated asset classes to reduce expected volatility and deliver favorable performance under various market conditions. The adviser anticipates that, based upon its analysis of long-term historical returns and volatility of various asset classes, the Fund will allocate assets in the following ranges.
Asset Class | Percent Allocation |
Equity | 25% to 150% |
Fixed Income | 0% to 100% |
Alternative Asset | 0% to 50% |
The adviser buys securities within specific market segments when its market analysis indicates a high probability that the segments and securities are likely to outperform competing investments. The adviser sells securities to reduce exposure to a market segment or a security when its analysis indicates that the segment or security is likely to underperform competing investments. The adviser will buy and sell derivatives for similar reasons.
The adviser may engage in frequent buying and selling of securities to achieve the Funds investment objectives, resulting in higher transactional and brokerage costs to the Fund. The Fund is not managed for tax efficiency.
FXSAX - Performance
Return Ranking - Trailing
Period | FXSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.3% | -12.3% | 46.7% | 95.95% |
1 Yr | -20.8% | -20.8% | 40.5% | 100.00% |
3 Yr | -9.9%* | -17.0% | 16.3% | 97.46% |
5 Yr | -5.8%* | -13.0% | 10.2% | 95.09% |
10 Yr | -3.7%* | -9.4% | 4.1% | 92.11% |
* Annualized
Return Ranking - Calendar
Period | FXSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -35.0% | -48.5% | 15.7% | 97.55% |
2022 | -5.8% | -10.0% | 21.8% | 95.42% |
2021 | 7.3% | -5.8% | 15.2% | 4.42% |
2020 | 2.5% | -2.2% | 6.5% | 50.91% |
2019 | -4.1% | -6.8% | 0.3% | 90.29% |
Total Return Ranking - Trailing
Period | FXSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.3% | -23.0% | 46.7% | 92.31% |
1 Yr | -20.8% | -20.8% | 40.5% | 100.00% |
3 Yr | -9.9%* | -17.0% | 16.3% | 97.39% |
5 Yr | -5.8%* | -13.0% | 10.2% | 94.86% |
10 Yr | -3.2%* | -9.4% | 6.4% | 97.12% |
* Annualized
Total Return Ranking - Calendar
Period | FXSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -35.0% | -48.5% | 15.7% | 97.55% |
2022 | -5.8% | -10.0% | 21.8% | 95.42% |
2021 | 7.3% | -5.8% | 15.2% | 4.42% |
2020 | 2.5% | -2.2% | 6.5% | 51.36% |
2019 | -4.1% | -6.8% | 0.3% | 92.72% |
NAV & Total Return History
FXSAX - Holdings
Concentration Analysis
FXSAX | Category Low | Category High | FXSAX % Rank | |
---|---|---|---|---|
Net Assets | 21.2 M | 1.96 M | 15.7 B | 93.12% |
Number of Holdings | 5 | 2 | 3255 | 95.55% |
Net Assets in Top 10 | 19.1 M | 349 K | 12.1 B | 87.45% |
Weighting of Top 10 | 77.53% | 22.9% | 100.0% | 47.25% |
Top 10 Holdings
- Rydex Nova Inv 27.12%
Asset Allocation
Weighting | Return Low | Return High | FXSAX % Rank | |
---|---|---|---|---|
Stocks | 108.60% | 0.00% | 238.38% | 1.62% |
Bonds | 9.98% | 0.00% | 106.59% | 72.06% |
Other | 2.91% | -72.87% | 73.78% | 37.65% |
Convertible Bonds | 0.12% | 0.00% | 8.92% | 37.25% |
Preferred Stocks | 0.00% | 0.00% | 6.21% | 63.97% |
Cash | -21.60% | -65.52% | 88.88% | 93.93% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FXSAX % Rank | |
---|---|---|---|---|
Technology | 25.59% | 0.00% | 85.77% | 11.65% |
Healthcare | 13.65% | 0.00% | 38.63% | 35.92% |
Financial Services | 13.31% | 0.00% | 98.22% | 44.17% |
Consumer Cyclical | 11.81% | 0.00% | 25.83% | 14.08% |
Communication Services | 9.41% | 0.00% | 21.61% | 13.59% |
Industrials | 8.15% | 0.00% | 23.85% | 64.56% |
Consumer Defense | 6.52% | 0.00% | 37.51% | 48.06% |
Energy | 3.84% | 0.00% | 60.89% | 64.56% |
Utilities | 2.71% | 0.00% | 91.12% | 57.77% |
Real Estate | 2.71% | 0.00% | 99.45% | 57.28% |
Basic Materials | 2.30% | 0.00% | 56.73% | 74.27% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FXSAX % Rank | |
---|---|---|---|---|
US | 107.50% | -1.19% | 235.84% | 1.62% |
Non US | 1.10% | -6.82% | 98.11% | 62.35% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FXSAX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 76.41% | -72.56% | 100.00% | 25.51% |
Corporate | 8.88% | 0.00% | 98.28% | 36.84% |
Securitized | 8.02% | 0.00% | 52.99% | 13.77% |
Government | 6.57% | 0.00% | 99.78% | 72.47% |
Derivative | 0.13% | 0.00% | 71.81% | 40.49% |
Municipal | 0.00% | 0.00% | 19.13% | 68.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FXSAX % Rank | |
---|---|---|---|---|
US | 8.89% | -17.22% | 99.80% | 68.42% |
Non US | 1.09% | -2.67% | 63.37% | 58.70% |
FXSAX - Expenses
Operational Fees
FXSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.39% | 0.21% | 5.96% | 13.64% |
Management Fee | 1.00% | 0.00% | 1.50% | 75.30% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 51.83% |
Administrative Fee | N/A | 0.05% | 0.70% | 41.88% |
Sales Fees
FXSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 24.39% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FXSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | 46.15% |
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.
FXSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 441.00% | 99.71% |
FXSAX - Distributions
Dividend Yield Analysis
FXSAX | Category Low | Category High | FXSAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 47.32% | 73.66% |
Dividend Distribution Analysis
FXSAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
FXSAX | Category Low | Category High | FXSAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.30% | -2.12% | 13.72% | 93.52% |
Capital Gain Distribution Analysis
FXSAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 26, 2019 | $0.610 | OrdinaryDividend |
Jun 25, 2012 | $0.054 | ExtraDividend |
Dec 29, 2010 | $0.036 | OrdinaryDividend |
FXSAX - Fund Manager Analysis
Managers
David Jajewski
Start Date
Tenure
Tenure Rank
Aug 23, 2010
11.78
11.8%
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.
John Williamson
Start Date
Tenure
Tenure Rank
Aug 23, 2010
11.78
11.8%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.83 | 6.65 | 13.0 |