MASNX: PartnerSelect Alternative Strategies Fund - MutualFunds.com

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PartnerSelect Alt Strats Inv

MASNX - Snapshot

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $1.45 B
  • Holdings in Top 10 42.9%

52 WEEK LOW AND HIGH

$11.90
$10.18
$11.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.88%

SALES FEES

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

BROKERAGE FEES

  • Turnover 190.21%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Compare MASNX to Popular Diversified Alternatives Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.26

+0.10%

$5.41 B

2.05%

$0.21

-3.93%

-

$9.78

+0.31%

$3.25 B

1.18%

$0.12

1.45%

-

$16.40

0.00%

$2.88 B

2.17%

$0.36

7.12%

-

$10.10

+0.10%

$2.66 B

0.95%

$0.10

2.23%

-

$30.80

+0.72%

$2.58 B

5.25%

$1.60

-4.76%

-

MASNX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PartnerSelect Alternative Strategies Fund
  • Fund Family Name
    PartnerSelect
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Todd Munn

Fund Description

The fund's strategy is to engage a number of established investment managers as sub-advisors to offer investors a mix of strategies that the advisor believes offer risk-return characteristics that are attractive individually and even more compelling collectively. The fund is intended to be used by investors as a source of diversification for traditional stock and bond portfolios to reduce volatility and potentially enhance returns relative to various measures of risk.


MASNX - Performance

Return Ranking - Trailing

Period MASNX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -27.9% 299.1% 47.10%
1 Yr 2.0% -28.9% 23.3% 30.95%
3 Yr 2.1%* -18.0% 9.6% 29.59%
5 Yr 3.1%* -10.5% 9.2% 18.10%
10 Yr N/A* -0.4% 4.8% N/A

* Annualized

Return Ranking - Calendar

Period MASNX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -10.2% 27.3% 42.80%
2018 -5.1% -20.8% 10.9% 39.52%
2017 2.0% -12.4% 29.4% 69.72%
2016 4.2% -10.5% 15.8% 15.46%
2015 -3.8% -22.0% 6.0% 45.40%

Total Return Ranking - Trailing

Period MASNX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -27.9% 299.1% 47.10%
1 Yr 2.0% -28.9% 23.3% 25.17%
3 Yr 2.1%* -18.0% 9.6% 26.59%
5 Yr 3.1%* -10.5% 9.2% 17.24%
10 Yr N/A* -0.4% 4.8% N/A

* Annualized

Total Return Ranking - Calendar

Period MASNX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -10.2% 27.3% 42.80%
2018 -2.3% -20.8% 10.9% 14.11%
2017 4.1% -8.4% 29.4% 55.96%
2016 6.7% -5.9% 18.0% 9.66%
2015 -0.9% -22.0% 9.2% 31.90%

NAV & Total Return History


MASNX - Holdings

Concentration Analysis

MASNX Category Low Category High MASNX % Rank
Net Assets 1.45 B 1.32 M 5.41 B 8.56%
Number of Holdings 1823 4 3106 8.08%
Net Assets in Top 10 69.6 M -80.3 M 2.69 B 46.46%
Weighting of Top 10 42.87% 8.3% 100.0% 68.95%

Top 10 Holdings

  1. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  2. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  3. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  4. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  5. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  6. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  7. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  8. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  9. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%
  10. St1000029 Trs Usd R V 03mlibor Us0003m + 0 Bps 9.73%

Asset Allocation

Weighting Return Low Return High MASNX % Rank
Bonds
61.73% -340.68% 17034.14% 23.23%
Stocks
25.94% -24.27% 208.15% 50.84%
Cash
10.93% -16955.40% 429.28% 63.97%
Convertible Bonds
0.92% 0.00% 87.59% 21.89%
Other
0.27% -13.08% 86.82% 70.03%
Preferred Stocks
0.21% -0.12% 52.62% 28.96%

Stock Sector Breakdown

Weighting Return Low Return High MASNX % Rank
Technology
23.01% 0.00% 100.00% 22.91%
Financial Services
21.19% 0.00% 60.67% 13.09%
Communication Services
19.62% 0.00% 23.22% 1.82%
Healthcare
11.08% 0.00% 60.64% 66.18%
Consumer Cyclical
7.96% 0.00% 26.84% 83.64%
Energy
5.85% 0.00% 100.00% 12.36%
Basic Materials
4.00% 0.00% 25.74% 48.36%
Industrials
3.75% 0.00% 22.91% 85.82%
Real Estate
2.04% 0.00% 78.90% 72.00%
Consumer Defense
0.91% 0.00% 20.71% 91.64%
Utilities
0.60% 0.00% 12.26% 92.00%

Stock Geographic Breakdown

Weighting Return Low Return High MASNX % Rank
US
20.28% -15.91% 208.15% 37.71%
Non US
5.66% -23.77% 45.04% 51.52%

Bond Sector Breakdown

Weighting Return Low Return High MASNX % Rank
Derivative
44.56% 0.00% 89.73% 8.42%
Corporate
21.80% 0.00% 83.91% 28.96%
Securitized
19.26% 0.00% 87.39% 16.84%
Cash & Equivalents
7.89% 0.49% 100.00% 91.58%
Government
6.34% 0.00% 97.04% 65.66%
Municipal
0.14% 0.00% 25.47% 16.50%

Bond Geographic Breakdown

Weighting Return Low Return High MASNX % Rank
US
41.47% -51.16% 17003.70% 25.59%
Non US
20.26% -333.21% 168.86% 10.77%

MASNX - Expenses

Operational Fees

MASNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.88% 0.29% 31.15% 53.82%
Management Fee 1.40% 0.00% 2.50% 80.59%
12b-1 Fee 0.25% 0.00% 1.00% 45.91%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

MASNX 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

MASNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 45.45%

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.

MASNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 190.21% 0.00% 496.00% 71.86%

MASNX - Distributions

Dividend Yield Analysis

MASNX Category Low Category High MASNX % Rank
Dividend Yield 0.00% 0.00% 3.98% 61.84%

Dividend Distribution Analysis

MASNX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

MASNX Category Low Category High MASNX % Rank
Net Income Ratio 2.44% -1.83% 6.83% 11.46%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

MASNX - Fund Manager Analysis

Managers

Todd Munn


Start Date

Tenure

Tenure Rank

Sep 30, 2011

9.09

9.1%

Munn is a portfolio manager of Water Island Capital, LLC. Prior to becoming a portfolio manager of the Fund, Mr. Munn was a senior equity analyst for the Fund. Mr. Munn received a Master of Business Administration degree from Fordham Graduate School of Business in 2003 and a Bachelors degree from Gettysburg College in 1993 — with a double major in Finance and Accounting.

Roger Foltynowicz


Start Date

Tenure

Tenure Rank

Sep 30, 2011

9.09

9.1%

Roger Foltynowicz, CAIA, received a Master of Science degree from Pace University in 2006 – with a major in Investment Management – and a Bachelor's degree from Presbyterian College in 1999 – with a major in Business Administration.

Mark Landecker


Start Date

Tenure

Tenure Rank

Sep 30, 2011

9.09

9.1%

Mark Landecker, CFA, Partner, joined FPA in 2009. Mark serves as Portfolio Manager for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, and Source Capital, Inc. Prior to joining FPA, Mark served as Portfolio Manager at both Kinney Asset Management and Arrow Investments, Inc., and as associate at TD Capital and PricewaterhouseCoopers. Mark earned a BBA (with honors) from the Schulich School of Business, York University, Toronto, Canada.

Brian Selmo


Start Date

Tenure

Tenure Rank

Sep 30, 2011

9.09

9.1%

Brian A. Selmo, CFA, Partner, joined FPA in 2008. Brian serves as Portfolio Manager and Director of Research for the FPA Contrarian Value Strategy, the FPA Contrarian Value Equity Strategy, and Source Capital, Inc. Prior to joining FPA, Brian was founder and managing member of Eagle Lake Capital, LLC, and Portfolio Manager of its predecessor. Previously, he was an analyst at Third Avenue Management and Rothschild, Inc. Brian earned a Bachelor's degree in Economics (with honors) from The Johns Hopkins University, where he graduated Phi Beta Kappa.

Jeremy DeGroot


Start Date

Tenure

Tenure Rank

Sep 30, 2011

9.09

9.1%

Jeremy DeGroot, CFA MA, Principal, Chief Investment Officer Jeremy joined Litman Gregory in 1999 and became a principal in 2003. He is responsible for overseeing the firm's manager due diligence, asset class research, and portfolio allocation decisions. Jeremy is also Portfolio Manager of the Litman Gregory Masters Alternative Strategies Fund and Co-Portfolio Manager of the Litman Gregory Masters Equity, International, and Smaller Companies funds. He is frequently quoted in the national media in the areas of asset allocation and manager selection. Jeremy holds the Chartered Financial Analyst® (CFA®) designation. Prior to joining Litman Gregory, Jeremy was an Economic Consulting Services Manager with KPMG Peat Marwick and was a Senior Economist with the Law & Economics Consulting Group. Jeremy is a graduate of University of Wisconsin - Madison (BS - Economics) and University of California - Berkeley (MA - Economics).

Todd Vandam


Start Date

Tenure

Tenure Rank

Sep 30, 2011

9.09

9.1%

Todd Vandam is a Vice President at Loomis, Sayles & Company and co-portfolio manager with the fixed-income high yield and global high yield teams. Mr. Vandam began his career at Loomis Sayles in 1994 on the high yield trading desk. Prior to joining Loomis Sayles in 1994, Mr. Vandam worked as a Field Artillery Officer in the United States Army, most recently working as a Fire Support Officer stationed at Fort Davis, Panama. Mr. Vandam earned a BA in business and economics from Brown University. He is a member of the Boston Security Analysts Society and he is a CFA®charterholder.

Jeffrey Sherman


Start Date

Tenure

Tenure Rank

Apr 30, 2017

3.51

3.5%

As DoubleLine’s Deputy Chief Investment Officer, Jeffrey Sherman oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. He is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. Prior to joining DoubleLine in 2009, he was a Senior Vice President at TCW where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios.

Paul Harrison


Start Date

Tenure

Tenure Rank

Jul 10, 2017

3.31

3.3%

Mr. Paul Harrison serves as Chief Investment Officer at DCI.

Stephen Kealhofer


Start Date

Tenure

Tenure Rank

Jul 10, 2017

3.31

3.3%

Kealhofer is the Head of Research and Director of DCI. He was formerly Co-Founder and Managing Partner of KMV and Assistant Professor of Finance at Columbia University. Stephen co-founded and served as managing partner of KMV, the leading credit analytic firm, which was acquired by Moodys in 2001. Prior to founding KMV in 1989, Stephen was Director of Research for Diversified Corporate Loans, LLC. Stephen served as a visiting assistant professor at the Haas School of Business from 1985-87 and Assistant Professor at the Graduate School of Business, Columbia University, 1981-85.

Adam Dwinells


Start Date

Tenure

Tenure Rank

Jul 10, 2017

3.31

3.3%

Mr. Adam Dwinells serves as Head of Portfolio Management at DCI.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 16.96 4.34 3.34
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