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Name

As of 02/18/2022

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

Convergence Long/Short Equity Fund

MARNX | Fund

$15.47

$26.5 M

0.00%

$0.00

2.39%

Vitals

YTD Return

-3.1%

1 yr return

24.6%

3 Yr Avg Return

9.9%

5 Yr Avg Return

9.8%

Net Assets

$26.5 M

Holdings in Top 10

20.1%

52 WEEK LOW AND HIGH

$15.5
$15.04
$18.62

Expenses

OPERATING FEES

Expense Ratio 2.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 303.76%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$15,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 02/18/2022

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

Convergence Long/Short Equity Fund

MARNX | Fund

$15.47

$26.5 M

0.00%

$0.00

2.39%

MARNX - Profile

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return 9.9%
  • 5 Yr Annualized Total Return 9.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Convergence Long/Short Equity Fund
  • Fund Family Name
    Convergence
  • Inception Date
    Dec 29, 2009
  • Shares Outstanding
    1699876
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The Fund focuses primarily on companies with medium and large market capitalizations, although the Fund may establish long and short positions in companies of any market capitalization. The Fund will hold long (purchase) securities that the Adviser believes will outperform the market, and will sell short securities expected to underperform the market.
The Fund intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the Fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.
In making investment decisions for the Fund, the Adviser utilizes a proprietary stock ranking process. This stock ranking process is based on the philosophy that fundamentally sound companies are rewarded while fundamentally inferior companies are punished. Additionally, this process was designed to capture the best attributes of both quantitative and fundamental methods. Unlike traditional fundamental stock picking, quantitative management allows for broader coverage and increased data utilization. The Adviser seeks to maximize return while minimizing the risk assumed by the Fund through a stock ranking process that measures what market participants are rewarding or punishing. The Adviser systematically measures both current factor exposures for company stocks and the market’s factor preferences and tilts the Fund’s investment portfolio towards stocks that are ranked highly by the Adviser from a fundamental perspective. The factors the Adviser evaluates as part of its stock ranking process include, but are not limited to, valuation, growth, momentum, and quality.
•Valuation factors help to identify stocks that appear inexpensive relative to other companies based on fundamental measures. The Adviser evaluates valuation factors such as price-to-value ratios, earnings, enterprise value, cash flow, revenues, and yield.
•Growth factors seek to identify stocks that exhibit signs of higher-than-average growth metrics. The Adviser evaluates growth factors such as the growth rates in company earnings, revenue, and cash flow, in addition to assessing the rate of change of these growth rates.
•Momentum factors quantify trends in both price and fundamentals. The Adviser evaluates momentum factors such as the strength and duration of stock price movements, as well as fundamental trends in a company’s cash flow, earnings, and sales.
•Quality factors differentiate companies based on a variety of corporate health and stability measures. The Adviser evaluates quality factors such as the stability of a company’s earnings and cash flow, the strength of the balance sheet, and profit margins.
The Adviser aggregates similar measures into factors and each measure is equally weighted. The Adviser’s buy and sell decisions are primarily driven by this investment process. Applying these indicators, the Adviser takes long or short positions in stocks that it believes are favorably ranked. The Fund targets a monthly rebalance during which all holdings are reviewed using the stock ranking process.
Read More

MARNX - Performance

Return Ranking - Trailing

Period MARNX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -46.6% 45.3% 25.63%
1 Yr 24.6% -53.7% 63.7% 3.54%
3 Yr 9.9%* -9.1% 37.1% 12.90%
5 Yr 9.8%* -5.5% 12.1% 5.36%
10 Yr 11.4%* -4.3% 11.4% 1.52%

* Annualized

Return Ranking - Calendar

Period MARNX Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% -40.0% 54.1% 31.94%
2022 -7.2% -47.6% 88.4% 83.06%
2021 -12.0% -20.3% 62.6% 99.43%
2020 -6.7% -53.1% 12.7% 35.33%
2019 3.1% -67.1% 21.9% 77.27%

Total Return Ranking - Trailing

Period MARNX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -46.6% 45.3% 25.63%
1 Yr 24.6% -53.7% 63.7% 3.54%
3 Yr 9.9%* -9.1% 37.1% 11.83%
5 Yr 9.8%* -6.0% 12.1% 4.76%
10 Yr 11.4%* -4.3% 11.4% 1.52%

* Annualized

Total Return Ranking - Calendar

Period MARNX Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% -40.0% 54.1% 31.94%
2022 -7.2% -47.6% 88.4% 83.06%
2021 -12.0% -20.3% 62.6% 99.43%
2020 -6.7% -53.1% 12.7% 44.31%
2019 17.8% -12.7% 24.8% 12.99%

NAV & Total Return History

MARNX - Holdings

Concentration Analysis

MARNX Category Low Category High MARNX % Rank
Net Assets 26.5 M 818 K 5.22 B 75.24%
Number of Holdings 302 3 2670 17.17%
Net Assets in Top 10 6.02 M -96.2 M 1.15 B 75.25%
Weighting of Top 10 20.05% 1.1% 100.0% 84.57%

Top 10 Holdings

  1. Apple Inc 2.98%
  2. Alphabet Inc Class C 2.75%
  3. Meta Platforms Inc Class A 2.17%
  4. Microsoft Corp 2.05%
  5. Alphabet Inc Class A 1.97%
  6. Broadcom Inc 1.86%
  7. Electronic Arts Inc 1.81%
  8. Lowe's Companies Inc 1.76%
  9. Arrow Electronics Inc 1.66%
  10. Jabil Inc 1.62%

Asset Allocation

Weighting Return Low Return High MARNX % Rank
Stocks 		66.35% -3.10% 119.13% 44.22%
Cash 		33.65% -47.87% 102.94% 48.73%
Preferred Stocks 		0.00% 0.00% 7.62% 53.81%
Other 		0.00% -21.62% 49.47% 57.87%
Convertible Bonds 		0.00% -0.02% 4.38% 53.30%
Bonds 		0.00% -48.47% 152.17% 62.31%

Stock Sector Breakdown

Weighting Return Low Return High MARNX % Rank
Technology 		27.35% 0.00% 43.24% 10.50%
Healthcare 		13.51% 0.00% 100.00% 59.67%
Consumer Cyclical 		11.53% 0.00% 86.06% 44.75%
Financial Services 		11.07% 0.00% 82.73% 70.17%
Industrials 		9.35% 0.00% 34.89% 56.91%
Communication Services 		7.99% 0.00% 32.32% 44.20%
Consumer Defense 		6.08% 0.00% 33.38% 49.72%
Basic Materials 		4.87% 0.00% 28.58% 24.31%
Real Estate 		3.70% 0.00% 14.66% 20.44%
Energy 		3.31% 0.00% 29.37% 58.01%
Utilities 		1.24% 0.00% 23.75% 65.19%

Stock Geographic Breakdown

Weighting Return Low Return High MARNX % Rank
US 		66.57% -24.26% 116.70% 33.50%
Non US 		-0.22% -46.45% 97.89% 90.86%

MARNX - Expenses

Operational Fees

MARNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.39% 0.40% 11.46% 26.09%
Management Fee 1.00% 0.00% 2.50% 34.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 1.54% 67.68%

Sales Fees

MARNX 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

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

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.

MARNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 303.76% 0.00% 479.00% 91.67%

MARNX - Distributions

Dividend Yield Analysis

MARNX Category Low Category High MARNX % Rank
Dividend Yield 0.00% 0.00% 18.16% 62.32%

Dividend Distribution Analysis

MARNX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

MARNX Category Low Category High MARNX % Rank
Net Income Ratio -0.18% -3.33% 2.88% 32.50%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MARNX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.47 5.89 7.85

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