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Name

As of 06/24/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pinnacle Sherman Breakaway Strategy Fund

IPTRX | Fund

$9.76

$3.64 M

1.86%

$0.18

0.99%

Vitals

YTD Return

-13.9%

1 yr return

-18.7%

3 Yr Avg Return

5.3%

5 Yr Avg Return

N/A

Net Assets

$3.64 M

Holdings in Top 10

72.5%

52 WEEK LOW AND HIGH

$9.8
$9.12
$15.34

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 267.00%

Redemption Fee 1.00%

Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/24/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pinnacle Sherman Breakaway Strategy Fund

IPTRX | Fund

$9.76

$3.64 M

1.86%

$0.18

0.99%

IPTRX - Profile

Distributions

  • YTD Total Return -13.9%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.06%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Pinnacle Sherman Breakaway Strategy Fund
  • Fund Family Name
    Pinnacle
  • Inception Date
    Dec 03, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Carroll

Fund Description

The Fund seeks to meet its investment objective by investing up to 100% of its assets in common stocks that are part of the S&P 500 Index and/or the Russell 1000 Index.

The Adviser studies data from W.E. Sherman & Co. to determine the Fund’s allocations. W.E. Sherman & Co. publishes “The Sherman Sheet,” a financial research newsletter and web site for licensed financial professionals that provides model portfolios along with the supporting research, analysis and data for those portfolios under various market conditions. The Adviser analyzes the Breakaway Stocks with Cash Directional Indicator Model on The Sherman Sheet to determine whether the Fund should be invested in stocks or in cash and/or cash alternatives.

Using the model, the Adviser examines the expected market trend for equity securities. If equities are trending upward based on market indicators, the Fund’s assets are invested in equities. When fully invested in stocks, the Fund is comprised of securities whose short-term (i.e., less than 6 months) moving average diverges, or “breaks away”, from its long-term (i.e., greater than 6 months) moving average. A moving average is the measure of a security’s price movement over a period of time. The Adviser invests in the 20-25 stocks showing the most breakaway listed on the S&P 500 Index and/or the Russell 1000 Index. The companies whose stocks are exhibiting the most breakaway could be from the same industry or sector.

If equities are trending downward based on market indicators, the Fund’s assets are primarily invested in cash and/or cash alternatives, except during periods where equity funds have, over the history of the S&P 500, shown a high probability of profit when invested in domestic equities based on the closing price of the S&P 500. These periods of high probability of profit are typically at the beginning and end of calendar months and shortly before holidays.

The Fund actively trades its portfolio investments depending on which securities are demonstrating the most breakaway which may lead to higher portfolio turnover.

Read More

IPTRX - Performance

Return Ranking - Trailing

Period IPTRX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.9% -61.7% 104.1% 11.69%
1 Yr -18.7% -56.4% 64.5% 76.55%
3 Yr 5.3%* -14.0% 49.4% 94.65%
5 Yr N/A* -5.7% 43.6% N/A
10 Yr N/A* 2.7% 23.5% N/A

* Annualized

Return Ranking - Calendar

Period IPTRX Return Category Return Low Category Return High Rank in Category (%)
2023 -15.1% -87.9% 326.9% 92.82%
2022 16.4% -67.0% 145.0% 79.48%
2021 20.2% -28.8% 76.0% 74.45%
2020 N/A -57.9% 10.6% N/A
2019 N/A -68.7% 64.3% N/A

Total Return Ranking - Trailing

Period IPTRX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.9% -64.2% 104.1% 8.37%
1 Yr -18.7% -58.4% 64.5% 75.34%
3 Yr 5.3%* -15.1% 49.4% 94.75%
5 Yr N/A* -6.1% 43.6% N/A
10 Yr N/A* 2.6% 23.5% N/A

* Annualized

Total Return Ranking - Calendar

Period IPTRX Return Category Return Low Category Return High Rank in Category (%)
2023 -15.1% -87.9% 326.9% 92.58%
2022 16.4% -67.0% 145.0% 79.48%
2021 20.2% -28.8% 76.0% 74.62%
2020 N/A -57.9% 16.5% N/A
2019 N/A -68.7% 64.3% N/A

NAV & Total Return History

IPTRX - Holdings

Concentration Analysis

IPTRX Category Low Category High IPTRX % Rank
Net Assets 3.64 M 189 K 222 B 98.18%
Number of Holdings 25 2 3509 95.30%
Net Assets in Top 10 4.59 M -1.37 M 104 B 87.93%
Weighting of Top 10 72.53% 9.4% 100.0% 1.85%

Top 10 Holdings

  1. NXP Semiconductors NV 5.19%
  2. Dell Technologies Inc Class C 4.96%
  3. Capital One Financial Corp 4.90%
  4. Broadcom Inc 4.79%
  5. HCA Healthcare Inc 4.78%
  6. Barrick Gold Corp 4.67%
  7. Morgan Stanley 4.60%
  8. Microsoft Corp 4.54%
  9. Southern Copper Corp 4.52%
  10. FedEx Corp 4.46%

Asset Allocation

Weighting Return Low Return High IPTRX % Rank
Stocks 		97.65% 0.00% 107.71% 70.82%
Cash 		2.35% -10.83% 87.35% 26.18%
Preferred Stocks 		0.00% 0.00% 4.41% 31.15%
Other 		0.00% -7.57% 17.15% 35.24%
Convertible Bonds 		0.00% 0.00% 1.94% 27.74%
Bonds 		0.00% -1.84% 98.58% 27.20%

Stock Sector Breakdown

Weighting Return Low Return High IPTRX % Rank
Energy 		34.84% 0.00% 41.09% 0.34%
Healthcare 		11.25% 0.00% 39.76% 62.76%
Financial Services 		10.57% 0.00% 43.06% 37.18%
Technology 		10.31% 0.00% 69.82% 97.82%
Industrials 		7.61% 0.00% 39.00% 35.81%
Basic Materials 		6.18% 0.00% 22.40% 6.96%
Consumer Cyclical 		5.31% 0.00% 62.57% 94.88%
Utilities 		4.33% 0.00% 16.07% 3.14%
Real Estate 		4.25% 0.00% 29.57% 7.23%
Consumer Defense 		3.64% 0.00% 25.50% 53.75%
Communication Services 		1.70% 0.00% 66.40% 95.84%

Stock Geographic Breakdown

Weighting Return Low Return High IPTRX % Rank
US 		97.29% 0.00% 105.43% 33.33%
Non US 		0.36% 0.00% 54.22% 79.75%

IPTRX - Expenses

Operational Fees

IPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.01% 7.09% 35.64%
Management Fee 0.75% 0.00% 1.50% 78.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

IPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 5.00% 60.71%

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.

IPTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 267.00% 0.00% 316.74% 99.56%

IPTRX - Distributions

Dividend Yield Analysis

IPTRX Category Low Category High IPTRX % Rank
Dividend Yield 1.86% 0.00% 6.50% 34.15%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IPTRX Category Low Category High IPTRX % Rank
Net Income Ratio 0.06% -6.13% 2.90% 22.55%

Capital Gain Distribution Analysis

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

Distributions History

View More +

IPTRX - Fund Manager Analysis

Managers

Paul Carroll

Start Date

Tenure

Tenure Rank

Dec 03, 2018

3.49

3.5%

Paul Carroll has been the Chief Investment Officer and Chief Compliance officer of the Pinnacle Family Advisors, LLC since 2008. Mr. Carroll also served as a Financial Advisor for Raymond James Financial Services from December 2005 to November 2008.

R. Sean McCurry

Start Date

Tenure

Tenure Rank

Dec 03, 2018

3.49

3.5%

R. Sean McCurry has been the Managing Member and President of the Pinnacle Family Advisors, LLC since 2008. Mr. McCurry also previously served as a Financial Advisor and Branch Manager for Raymond James Financial Services from January 1999 to December 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 7.73 2.92

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