JDCEX: James Alpha Managed Risk Domestic Eq C

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JDCEX James Alpha Managed Risk Domestic Eq C

  • Fund
  • JDCEX
  • Price as of: Oct 18, 2019
  • $10.26 - $0.03 - 0.29%

JDCEX - Profile

Vitals

  • YTD Return 8.9%
  • 3 Yr Annualized Return 5.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $39.8 M
  • Holdings in Top 10 125.1%

52 WEEK LOW AND HIGH

$10.26
$9.01
$10.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.45%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 84.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return 8.9%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.83%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name James Alpha Managed Risk Domestic Equity Portfolio
  • Fund Family Name Saratoga
  • Inception Date Jul 31, 2015
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin R. Greene

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. issuers or investments that provide exposure to equity securities of U.S. issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. It will seek to achieve its objective by combining a long equity strategy with an options hedging strategy that seeks to provide protection during significant equity market downturns.

JDCEX - Performance

Return Ranking - Trailing

Period JDCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -22.9% 47.5% 39.94%
1 Yr 5.7% -44.7% 33.7% 11.21%
3 Yr 5.3%* -19.4% 25.4% 28.47%
5 Yr N/A* -24.8% 22.5% N/A
10 Yr N/A* -5.8% 26.4% N/A

* Annualized


Return Ranking - Calendar

Period JDCEX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -35.0% 4.6% 23.00%
2017 3.7% -25.3% 49.9% 56.31%
2016 1.1% -22.0% 47.9% 84.67%
2015 N/A -65.1% 127.1% N/A
2014 N/A -12.5% 39.1% N/A

Total Return Ranking - Trailing

Period JDCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -22.9% 47.5% 41.67%
1 Yr 4.8% -31.7% 33.7% 19.76%
3 Yr 5.3%* -19.4% 25.4% 34.38%
5 Yr N/A* -24.8% 22.5% N/A
10 Yr N/A* -5.8% 26.4% N/A

* Annualized


Total Return Ranking - Calendar

Period JDCEX Return Category Return Low Category Return High Rank in Category (%)
2018 0.4% -31.5% 8.2% 2.24%
2017 5.4% -25.3% 49.9% 60.41%
2016 1.1% -22.0% 65.5% 87.74%
2015 N/A -65.1% 127.1% N/A
2014 N/A -12.5% 39.1% N/A

NAV & Total Return History

JDCEX - Holdings

Concentration Analysis

JDCEX Category Low Category High JDCEX % Rank
Net Assets 39.8 M 1.07 M 8.01 B 74.44%
Number of Holdings 26 6 2019 74.31%
Net Assets in Top 10 42.6 M -877 M 2.4 B 49.72%
Weighting of Top 10 125.07% 10.8% 461.9% 5.52%

Top 10 Holdings

  1. SPDR® S&P 500 ETF 89.29%

  2. Recv Spy Swap C 3262 8.59%

  3. Recv Spy Swap D 3262 8.59%

  4. Recv Spy Swap B 3262 6.01%

  5. Recv Spy Swap E 3262 4.29%

  6. Recv Spy Swap F 3262 4.29%

  7. Recv Spy Swap A 3262 2.58%

  8. S&P 500 Index Spxw Us 09/30/19 P2870 0.78%

  9. S&P 500 Index Spx Us 09/20/19 P2840 0.36%

  10. S&P 500 Index Spxw Us 08/30/19 P2950 0.30%


Asset Allocation

Weighting Return Low Return High JDCEX % Rank
Stocks
90.57% 80.31% 259.25% 85.64%
Other
34.34% -47.42% 39.52% 2.76%
Preferred Stocks
0.00% -5.47% 7.20% 77.35%
Convertible Bonds
0.00% -0.03% 3.03% 77.35%
Bonds
0.00% -234.98% 40.78% 73.76%
Cash
-24.91% -39.89% 36.18% 98.90%

Stock Sector Breakdown

Weighting Return Low Return High JDCEX % Rank
Technology
20.85% 0.00% 60.24% 29.89%
Financial Services
13.99% 0.00% 91.88% 40.50%
Healthcare
12.30% 0.00% 28.15% 31.84%
Consumer Cyclical
10.63% 0.00% 31.33% 46.09%
Industrials
9.13% -7.48% 48.09% 40.22%
Consumer Defense
7.22% -12.43% 30.80% 37.43%
Energy
3.93% -0.45% 152.81% 65.64%
Utilities
3.09% -10.13% 35.22% 47.21%
Communication Services
2.97% -0.44% 11.49% 33.24%
Real Estate
2.90% -2.38% 84.46% 33.24%
Basic Materials
2.11% -1.05% 15.55% 46.09%

Stock Geographic Breakdown

Weighting Return Low Return High JDCEX % Rank
US
89.68% 80.26% 151.48% 67.96%
Non US
0.89% -2.30% 159.65% 66.02%

JDCEX - Expenses

Operational Fees

JDCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.45% -2.86% 37.17% 14.70%
Management Fee 1.20% 0.00% 2.64% 83.98%
12b-1 Fee 1.00% 0.00% 1.00% 92.39%
Administrative Fee 0.15% 0.04% 0.45% 71.23%

Sales Fees

JDCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 76.19%

Trading Fees

JDCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 43.42%

Turnover 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.

JDCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 84.00% 0.00% 5155.00% 59.27%

JDCEX - Distributions

Dividend Yield Analysis

JDCEX Category Low Category High JDCEX % Rank
Dividend Yield 2.21% 0.00% 79.01% 33.15%

Dividend Distribution Analysis

JDCEX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

JDCEX Category Low Category High JDCEX % Rank
Net Income Ratio -1.83% -7.28% 9.57% 91.64%

Capital Gain Distribution Analysis

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

JDCEX - Managers

Kevin R. Greene

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2015

4.17

4.2%

Kevin R. Greene serves as a Managing Partner of James Alpha Advisors, LLC. Mr. Greene is the former Chairman & CEO of Capital Resource Holdings, LLC the holding company parent of CRA RogersCasey, one of the leading pension consulting firms in the United States. Prior to CRA RogersCasey, he founded Bryant Park Capital, a privately held investment bank specializing in private equity financing and mergers and acquisitions for both private and public companies in the United States and Europe. Since 1991, Mr. Greene has served as the Chairman and CEO of KR Group, an international consulting and investment banking firm which he founded.


Edward Boll

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2015

4.17

4.2%

Edward Boll is the Founder, Chief Executive Officer, and Director of Portfolio Management of EAB Investment Group, LLC, prior to which he was the co-Founder of DC Trading Partners, LLC; a senior portfolio manager at Goldman Sachs SLK Hull Derivatives Group; and Founder of TFM Investment Group, New York Division.


William Visconto

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2015

4.17

4.2%

William Visconto is the Founder, President and Director of Risk Management at EAB Investment Group, LLC. Previously, Mr. Visconto was Head Volatility Trader at McGowan Investors LLC; co-Founder of Volare Capital; and Head of Portfolio Management and Trading Floor Operations for PFTC Advisors and PFTC Trading.


James Ryan

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2015

4.17

4.2%

James Ryan is the Director of Strategy Development at EAB Investment Group, LLC. Previously, Mr. Ryan co-founded RB Derivatives LP, a quantitative equity trading firm. In 1990, Mr. Ryan co-founded Heard Trading, LLC. Heard Trading, LLC specialized in proprietary option trading and ETF arbitrage.


James S. Vitalie

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2015

4.17

4.2%

James S. Vitalie serves as Chief Executive Officer of James Alpha Advisors, LLC . Formerly the Institutional Group Head of Old Mutual Capital serving on the Executive and Product Development Committees, Mr. Vitalie was responsible for distribution and marketing of mutual funds, separate accounts and registered hedge fund of fund products. Prior to Old Mutual, Mr. Vitalie was the President of Curian Capital, an industry leading managed account platform. At Curian, Mr. Vitalie created the infrastructure of the asset management firm, developed and executed its strategic plan, and served as the Chairman of the Investment Policy Committee. Additionally, Mr. Vitalie was President of Foliofn Institutional, a financial services and technology company. As President of Century Business Services (CBZ) Retirement and Wealth Management Services division Mr. Vitalie created the strategic direction of the company, led the acquisition and integration efforts for the division and established their broker dealer and registered investment advisor. While at CBZ Mr. Vitalie was also responsible for securing the financing and launching of Allbridge Solutions as well as serving as its President and COO. Prior to CBZ, Mr. Vitalie was a partner at The Benefits Group, where he was responsible for the pension and investment services group. Lastly, Mr. Vitalie practiced corporate transactional law at Eckert, Seamans, Cherin & Mellott. Mr. Vitalie is also an officer of the Trust.


Michael J. Montague

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2015

4.17

4.2%

Michael J. Montague serves as Chief Operating Officer ofJames Alpha Advisors, LLC and is responsible for daily operations of the Manager as well as independent risk monitoring for the Manager’s funds. Most recently Mr. Montague worked as a Portfolio Manager for a global macro fund primarily responsible for commodity research and trading. Mr. Montague previously served as a Portfolio Manager for Chapin Hill Advisors, Inc., overseeing asset allocation, trading, and investment activity. Prior to Chapin Hill Advisors, Mr. Montague served as a Portfolio Manager for the Cayuga MBA Fund LLC, a long/short equity hedge fund. He began his career with Schlumberger where he spent six years working as a Senior Geophysicist in Schlumberger’s Oilfield Services division.


Akos Beleznay

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2018

0.75

0.8%

Akos Beleznay serves as Chief Investment Officer of James Alpha Advisors, LLC and is responsible for managing research and asset allocation for the firm. Prior to joining James Alpha Advisors, LLC, Mr. Beleznay was the Chief Investment Officer at Riverside, the asset management arm of HFR (Hedge Fund Research, Inc.) managing over one billion dollars of fund of hedge fund products. Before Riverside, Mr. Beleznay served as the Chief Investment Officer at Commerce Asset Management and CSG Asset Management with responsibility for managing funds of hedge funds and a hedge fund index replication product. Mr. Beleznay also served as the Director of Consulting Research for Equitas Capital Advisors, LLC from 2002 to 2010 and the Chief Investment Officer of Equitas Evergreen Fund LP, a fund of hedge funds with $300 million in assets, from 2003 to 2010. Mr. Beleznay has a PhD degree in Physics from Eotvos Lorand University, Hungary and an MBA from Tulane University.


Tenure Analysis

Category Low

0.34

Category High

41.28

Category Average

5.71

Category Mode

9.51