ICSIX: Dynamic U.S. Opportunity Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$15.22

-

-

$0.00

1.40%

Vitals

YTD Return

11.0%

1 yr return

17.8%

3 Yr Avg Return

12.3%

5 Yr Avg Return

12.7%

Net Assets

$109 M

Holdings in Top 10

78.7%

52 WEEK LOW AND HIGH

$15.11
$13.18
$15.61

Expenses

OPERATING FEES

Expense Ratio 1.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 306.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$20,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Tactical Allocation


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$15.22

-

-

$0.00

1.40%

ICSIX - Profile

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 12.3%
  • 5 Yr Annualized Total Return 12.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Dynamic U.S. Opportunity Fund
  • Fund Family Name
    Innealta Capital
  • Inception Date
    Dec 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Vito Sciaraffia

Fund Description

Under normal market conditions, the fund invests primarily in equity ETFs that offer exposure to domestic equity markets. The fund's strategy is based on a proprietary quantitative framework that informs the investment decision-making process regarding investment opportunities in domestic equity markets based on the specific risk/reward characteristics of various segments of the equity market as defined by the Global Industry Classification Structure ("GICS"). It may also directly invest in derivative instruments such as futures contracts and options.


ICSIX - Performance

Return Ranking - Trailing

Period ICSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -15.0% 29.3% 27.96%
1 Yr 17.8% -4.1% 70.6% 52.03%
3 Yr 12.3%* -1.2% 27.3% 9.02%
5 Yr 12.7%* 0.9% 31.2% 5.96%
10 Yr N/A* -0.6% 13.6% N/A

* Annualized

Return Ranking - Calendar

Period ICSIX Return Category Return Low Category Return High Rank in Category (%)
2020 12.2% -17.2% 52.8% 12.93%
2019 25.3% -11.4% 27.3% 2.33%
2018 -21.1% -29.6% 1.6% 94.51%
2017 12.4% -11.6% 29.4% 29.02%
2016 15.3% -14.9% 16.0% 2.42%

Total Return Ranking - Trailing

Period ICSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -15.0% 29.3% 27.60%
1 Yr 17.8% -7.9% 70.6% 46.86%
3 Yr 12.3%* -3.0% 27.3% 9.02%
5 Yr 12.7%* -0.2% 31.2% 5.53%
10 Yr N/A* -0.6% 13.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ICSIX Return Category Return Low Category Return High Rank in Category (%)
2020 12.2% -17.2% 52.8% 12.93%
2019 25.3% -11.4% 27.3% 2.33%
2018 -21.1% -29.6% 1.6% 96.62%
2017 15.2% -5.4% 29.4% 32.14%
2016 17.9% -14.9% 19.7% 0.97%

NAV & Total Return History


ICSIX - Holdings

Concentration Analysis

ICSIX Category Low Category High ICSIX % Rank
Net Assets 109 M 643 K 17.6 B 55.87%
Number of Holdings 17 2 1869 71.89%
Net Assets in Top 10 79 M -104 M 11.2 B 50.53%
Weighting of Top 10 78.69% 12.6% 100.0% 38.24%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High ICSIX % Rank
Stocks
84.02% 0.00% 199.20% 28.47%
Bonds
11.67% 0.00% 212.15% 59.79%
Cash
4.32% -174.65% 80.58% 45.55%
Preferred Stocks
0.00% 0.00% 11.95% 36.65%
Other
0.00% -30.29% 67.44% 69.75%
Convertible Bonds
0.00% 0.00% 6.27% 55.87%

Stock Sector Breakdown

Weighting Return Low Return High ICSIX % Rank
Financial Services
22.95% 0.00% 96.81% 6.46%
Technology
19.35% 0.00% 54.08% 46.39%
Communication Services
12.78% 0.00% 26.02% 11.79%
Basic Materials
9.65% 0.00% 46.77% 9.51%
Industrials
9.61% 0.00% 22.90% 56.65%
Consumer Cyclical
8.11% 0.00% 60.13% 80.23%
Energy
6.53% 0.00% 70.75% 10.65%
Healthcare
5.75% 0.00% 29.91% 88.97%
Real Estate
4.15% 0.00% 72.00% 35.74%
Consumer Defense
0.89% 0.00% 27.69% 93.54%
Utilities
0.23% 0.00% 91.16% 91.25%

Stock Geographic Breakdown

Weighting Return Low Return High ICSIX % Rank
US
80.80% 0.00% 197.43% 17.79%
Non US
3.22% -0.38% 64.60% 67.97%

Bond Sector Breakdown

Weighting Return Low Return High ICSIX % Rank
Government
72.76% 0.00% 99.17% 9.96%
Cash & Equivalents
27.24% 0.00% 100.00% 58.36%
Derivative
0.00% 0.00% 61.36% 43.42%
Securitized
0.00% 0.00% 63.58% 48.40%
Corporate
0.00% 0.00% 100.00% 76.87%
Municipal
0.00% 0.00% 20.38% 30.25%

Bond Geographic Breakdown

Weighting Return Low Return High ICSIX % Rank
US
11.67% -29.94% 125.49% 51.25%
Non US
0.00% 0.00% 87.37% 72.60%

ICSIX - Expenses

Operational Fees

ICSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.38% 3.80% 51.62%
Management Fee 1.00% 0.00% 1.50% 70.61%
12b-1 Fee 0.00% 0.00% 1.00% 3.45%
Administrative Fee N/A 0.05% 0.70% 35.71%

Sales Fees

ICSIX 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% 5.00% N/A

Trading Fees

ICSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 2.08%

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.

ICSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 306.00% 1.00% 465.00% 91.45%

ICSIX - Distributions

Dividend Yield Analysis

ICSIX Category Low Category High ICSIX % Rank
Dividend Yield 0.00% 0.00% 0.60% 13.17%

Dividend Distribution Analysis

ICSIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Semi-Annually Annually

Net Income Ratio Analysis

ICSIX Category Low Category High ICSIX % Rank
Net Income Ratio 0.40% -73.00% 9.24% 52.33%

Capital Gain Distribution Analysis

ICSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

ICSIX - Fund Manager Analysis

Managers

Vito Sciaraffia


Start Date

Tenure

Tenure Rank

Oct 01, 2015

5.92

5.9%

Vito Sciaraffia serves as Chief Investment Officer of Innealta Capital, LLC. In addition, Dr. Sciaraffia served as Chief Investment Officer of Innealta Capital, a division of AFAM Capital Inc., since October 1st, 2015 to July 31st, 2018. In his Chief Investment Officer role, Dr. Sciaraffia is responsible for ensuring prudent management of all client assets, designing quantitative strategies, and leading the research activities of the investment team. His professional experience focuses heavily on the quantitative evaluation of equity securities and financial markets. Also, Dr. Sciaraffia is actively involved with clients through conference presentations, training activities, webinars, and written market commentaries. Dr. Sciaraffia has been in the financial industry since 2004. His previous work experience includes: Senior Researcher on the Strategy Research Team at Dimensional Fund Advisors, from May 2013 to June 2015, where he conducted empirical asset pricing research, wrote research papers, enhanced the design of investment strategies, and collaborated with their marketing and sales departments by delivering technical presentations to various clients and Academic in the Finance Department at the McCombs School of Business at the University of Texas at Austin from January 2012 to May 2013 and January 2017 to present, where he focuses his research on empirical asset pricing and has taught the core Investment Management course and the Quantitative Investment Strategies course for graduate students. In addition, Dr. Sciaraffia has served as a Management Associate in the Investment Banking Division at Citigroup, member of the Market Risk Team at JP Morgan, and consultant to multiple private and public organizations. Dr. Sciaraffia earned his PhD in Business Administration from the Haas School of Business at the University of California, Berkeley. In addition, he has an MA in Mathematics with an emphasis in stochastic processes and an MS in Business from the University of California, Berkeley, an MBA and an MS in Finance from the University of Chile, and a BS in Economics and Management from the Catholic University of Chile.

Yuxing Zhang


Start Date

Tenure

Tenure Rank

Mar 31, 2021

0.42

0.4%

Yuxing Zhang, FRM, is a Portfolio Manager and Quantitative Research Analyst of Innealta Capital, joined Innealta Capital 2017. Mr. Zhang is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Zhang received a B.S. degree in Applied Mathematics and a B.A in Economics from the Southwestern University of Finance and Economics in 2014 and a M.S. in Financial Mathematics from the University of Chicago in 2016.

Franco Fava


Start Date

Tenure

Tenure Rank

Mar 31, 2021

0.42

0.4%

Franco Fava is an Assistant Portfolio Manager and Financial Quantitative Analyst of Innealta Capital, joined Innealta Capital 2019. Mr. Fava is part of Innealta’s quantitative and implementation team, providing analytical support through in-depth research and quantitative analysis of the sector, region, and country fundamentals. Mr. Fava received a B.S. in Engineering from the Pontifical Catholic University of Chile in 2016 and a graduate degree in Industrial Engineering from the same University in 2018.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 33.08 5.67 12.25