IGMLX: Insignia Macro I

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IGMLX Insignia Macro I


Profile

IGMLX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return -1.9%
  • 5 Yr Annualized Return -2.8%
  • Net Assets $8.97 M
  • Holdings in Top 10 186.3%

52 WEEK LOW AND HIGH

$9.32
$9.32
$9.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.56%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of Aug 09, 2019
  • Standard (Taxable) $250,000
  • IRA $250,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Managed Futures

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Insignia Macro Fund
  • Fund Family Name
    Insignia Macro
  • Inception Date
    Dec 31, 2013
  • Shares Outstanding
    940466
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund seeks to achieve its investment objectives by allocating its assets using two principal strategies: Global Macro/Managed Futures strategy; and Fixed Income strategy. The Global Macro/Managed Futures strategy is designed to provide exposure to global macroeconomic and commodities-related investment strategies and produce attractive risk-adjusted returns with the expectation of low correlation to the broader equity markets. The Fixed Income strategy is designed to generate interest income and preserve principal by investing primarily in investment grade securities.


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Categories

Performance

IGMLX - Performance

Return Ranking - Trailing

Period IGMLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -20.4% 6.3% 16.67%
1 Yr -3.5% -33.2% 1.9% 16.67%
3 Yr -1.9%* -9.1% 1.7% 29.73%
5 Yr -2.8%* -9.5% 0.4% 30.30%
10 Yr N/A* -5.2% -2.2% N/A

* Annualized

Return Ranking - Calendar

Period IGMLX Return Category Return Low Category Return High Rank in Category (%)
2019 -4.9% -7.5% 14.4% 78.57%
2018 3.4% -25.8% 3.4% 2.50%
2017 -4.0% -5.1% 16.7% 88.57%
2016 -2.7% -20.3% 1.1% 51.52%
2015 -4.2% -9.7% 6.0% 53.33%

Total Return Ranking - Trailing

Period IGMLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -20.4% 6.3% 16.67%
1 Yr -3.5% -33.2% 1.9% 16.67%
3 Yr -1.9%* -9.1% 1.7% 32.43%
5 Yr -2.8%* -6.1% 0.4% 36.36%
10 Yr N/A* -3.3% -1.6% N/A

* Annualized

Total Return Ranking - Calendar

Period IGMLX Return Category Return Low Category Return High Rank in Category (%)
2019 -4.9% -7.5% 14.4% 78.57%
2018 3.4% -20.3% 3.4% 2.50%
2017 -4.0% -5.1% 19.4% 88.57%
2016 -2.7% -20.3% 4.5% 63.64%
2015 -4.2% -4.6% 10.2% 90.00%

NAV & Total Return History


Holdings

IGMLX - Holdings

Concentration Analysis

IGMLX Category Low Category High IGMLX % Rank
Net Assets 8.97 M 3.02 M 258 M 90.48%
Number of Holdings 69 7 583 50.00%
Net Assets in Top 10 5.16 M 2.61 M 272 M 85.71%
Weighting of Top 10 186.27% 22.0% 186.3% 3.45%

Top 10 Holdings

  1. Payb Meritage Insig Trs 69.78%
  2. Meritage Insig Trs 69.38%
  3. Swap Rec Pay 26.92%
  4. United States Treasury Notes 1.38% 6.40%
  5. AT&T Inc 3.26% 2.74%
  6. Credit Suisse AG New York Branch 5.4% 2.39%
  7. HCA Inc. 6.5% 2.27%
  8. Allergan Funding SCS 3.69% 2.19%
  9. United Technologies Corporation 2.93% 2.18%
  10. Huntington Auto Trust 1.93% 2.03%

Asset Allocation

Weighting Return Low Return High IGMLX % Rank
Bonds
73.29% -381.41% 73.29% 2.38%
Other
26.52% -0.01% 52.55% 26.19%
Convertible Bonds
1.63% 0.00% 2.02% 9.52%
Stocks
0.00% -0.78% 25.33% 71.43%
Preferred Stocks
0.00% 0.00% 0.00% 30.95%
Cash
-1.45% -1.45% 438.67% 97.62%

Bond Sector Breakdown

Weighting Return Low Return High IGMLX % Rank
Corporate
48.01% 0.00% 48.01% 2.38%
Securitized
15.42% 0.00% 69.19% 23.81%
Government
11.49% 0.00% 65.27% 54.76%
Derivative
0.00% 0.00% 76.24% 69.05%
Municipal
0.00% 0.00% 5.41% 42.86%
Cash & Equivalents
-1.45% -1.45% 83.52% 97.62%

Bond Geographic Breakdown

Weighting Return Low Return High IGMLX % Rank
US
67.55% -381.41% 67.55% 2.38%
Non US
5.74% 0.00% 15.48% 11.90%

Expenses

IGMLX - Expenses

Operational Fees

IGMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.56% 1.21% 5.85% 28.57%
Management Fee 1.25% 0.25% 2.99% 50.00%
12b-1 Fee 0.00% 0.00% 1.00% 6.90%
Administrative Fee N/A 0.05% 0.25% N/A

Sales Fees

IGMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

IGMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 28.57%

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.

IGMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 184.00% 78.13%

Distributions

IGMLX - Distributions

Dividend Yield Analysis

IGMLX Category Low Category High IGMLX % Rank
Dividend Yield 0.00% 0.00% 3.08% 33.33%

Dividend Distribution Analysis

IGMLX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

IGMLX Category Low Category High IGMLX % Rank
Net Income Ratio -0.22% -0.69% 2.13% 85.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IGMLX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.58 13.51 5.74 8.84