Scharf Alpha Opportunity Retail
Name
As of 12/17/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.4%
1 yr return
6.6%
3 Yr Avg Return
1.5%
5 Yr Avg Return
2.2%
Net Assets
$6.41 M
Holdings in Top 10
84.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.86%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$10,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/17/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HEDJX - Profile
Distributions
- YTD Total Return 2.4%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.35%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameScharf Alpha Opportunity Fund
-
Fund Family NameScharf Investments
-
Inception DateDec 31, 2015
-
Shares Outstanding249875
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBrian Krawez
Fund Description
HEDJX - Performance
Return Ranking - Trailing
Period | HEDJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.4% | -38.4% | 48.3% | 63.27% |
1 Yr | 6.6% | -29.5% | 50.8% | 79.40% |
3 Yr | 1.5%* | -7.8% | 22.7% | 85.08% |
5 Yr | 2.2%* | -4.6% | 18.5% | 86.39% |
10 Yr | N/A* | -6.2% | 12.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | HEDJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.1% | -47.6% | 88.4% | 78.72% |
2022 | 9.0% | -20.3% | 62.6% | 46.93% |
2021 | 0.6% | -53.1% | 12.7% | 8.82% |
2020 | 0.2% | -67.1% | 21.9% | 86.71% |
2019 | -2.3% | -17.3% | 25.3% | 73.68% |
Total Return Ranking - Trailing
Period | HEDJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.4% | -38.0% | 48.3% | 63.27% |
1 Yr | 6.6% | -29.5% | 50.8% | 70.85% |
3 Yr | 1.5%* | -8.9% | 22.7% | 84.53% |
5 Yr | 2.2%* | -5.1% | 18.5% | 86.39% |
10 Yr | N/A* | -6.2% | 12.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | HEDJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.1% | -47.6% | 88.4% | 78.72% |
2022 | 9.0% | -20.3% | 62.6% | 46.93% |
2021 | 0.6% | -53.1% | 12.7% | 11.18% |
2020 | 2.2% | -12.7% | 24.8% | 86.08% |
2019 | -1.8% | -15.5% | 25.3% | 78.20% |
NAV & Total Return History
HEDJX - Holdings
Concentration Analysis
HEDJX | Category Low | Category High | HEDJX % Rank | |
---|---|---|---|---|
Net Assets | 6.41 M | 0 | 5.31 B | 90.24% |
Number of Holdings | 33 | 4 | 2904 | 72.77% |
Net Assets in Top 10 | 232 K | -80.2 M | 825 M | 95.54% |
Weighting of Top 10 | 84.44% | 3.3% | 100.0% | 12.00% |
Top 10 Holdings
- Invesco QQQ Trust 23.57%
- SPDR® S&P 500 ETF Trust 16.85%
- Microsoft Corp 7.95%
- Berkshire Hathaway Inc Class B 6.09%
- Advance Auto Parts Inc 5.24%
- Comcast Corp Class A 5.18%
- CVS Health Corp 5.09%
- McKesson Corp 5.02%
- Oracle Corp 4.76%
- Markel Corp 4.68%
Asset Allocation
Weighting | Return Low | Return High | HEDJX % Rank | |
---|---|---|---|---|
Stocks | 57.33% | -32.43% | 157.66% | 68.47% |
Cash | 41.88% | -46.21% | 115.93% | 30.35% |
Other | 0.79% | -57.66% | 49.47% | 25.87% |
Preferred Stocks | 0.00% | -0.02% | 8.95% | 18.91% |
Convertible Bonds | 0.00% | 0.00% | 3.45% | 21.39% |
Bonds | 0.00% | -0.70% | 152.17% | 31.03% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HEDJX % Rank | |
---|---|---|---|---|
Technology | 23.84% | 0.00% | 42.71% | 38.38% |
Healthcare | 23.48% | 0.00% | 100.00% | 7.03% |
Financial Services | 13.61% | 0.00% | 79.11% | 56.22% |
Communication Services | 11.55% | 0.00% | 29.95% | 21.62% |
Industrials | 10.65% | 0.00% | 35.78% | 51.35% |
Consumer Cyclical | 7.39% | 0.00% | 84.48% | 81.62% |
Consumer Defense | 5.06% | 0.00% | 26.84% | 64.32% |
Energy | 4.41% | 0.00% | 14.22% | 23.78% |
Utilities | 0.00% | 0.00% | 21.43% | 81.62% |
Real Estate | 0.00% | 0.00% | 16.32% | 84.86% |
Basic Materials | 0.00% | 0.00% | 20.18% | 85.95% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HEDJX % Rank | |
---|---|---|---|---|
US | 43.36% | -40.71% | 152.85% | 65.17% |
Non US | 13.97% | -2.44% | 98.61% | 21.89% |
HEDJX - Expenses
Operational Fees
HEDJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.99% | 0.40% | 11.46% | 49.51% |
Management Fee | 0.99% | 0.00% | 2.50% | 32.04% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.90% |
Administrative Fee | N/A | 0.03% | 1.54% | N/A |
Sales Fees
HEDJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
HEDJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.50% | 2.00% | 6.45% |
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.
HEDJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.86% | 0.00% | 498.00% | 15.43% |
HEDJX - Distributions
Dividend Yield Analysis
HEDJX | Category Low | Category High | HEDJX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 21.16% | 15.05% |
Dividend Distribution Analysis
HEDJX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
HEDJX | Category Low | Category High | HEDJX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.35% | -3.33% | 2.88% | 38.89% |
Capital Gain Distribution Analysis
HEDJX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
HEDJX - Fund Manager Analysis
Managers
Brian Krawez
Start Date
Tenure
Tenure Rank
Dec 31, 2015
5.92
5.9%
Mr. Krawez began his career more than 20 years ago with Smith Barney in San Francisco and later moved to their investment banking division in New York City where he was ranked as a top-rated analyst focusing on health care. Prior to joining Scharf Investments, Mr. Krawez was a Partner and head of research for Belden and Associates Investment Counsel where he managed a successful large blend portfolio. He has also held research analyst positions at Dodge & Cox, Telegraph Hill Investment Counsel, and SC Fundamental, a successful value oriented hedge fund. Mr. Krawez earned both a BS with honors in Business Administration and an MBA from the Haas School of Business at the University of California, Berkeley. While at UC Berkeley he worked for Professor Yellen, the current Chair of the Board of Governors of the Federal Reserve. Mr. Krawez is a CFA® charterholder and a member of the Security Analysts of San Francisco.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 23.05 | 5.74 | 7.43 |