MFCDX: Marketfield C
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MFCDX Marketfield C

  • Fund
  • MFCDX
  • Price as of: Oct 18, 2019
  • $15.20 + $0.04 + 0.26%
Profile Categories Performance Holdings Expenses Distributions Managers Read Next

MFCDX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return N/A
  • Net Assets $193 M
  • Holdings in Top 10 54.0%

52 WEEK LOW AND HIGH

$15.20
$13.96
$15.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.49%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

Long-Short
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Marketfield Fund
  • Fund Family Name Marketfield Funds
  • Inception Date Oct 05, 2012
  • Shares Outstanding 2880863
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Michael C. Aronstein

Fund Description

The fund's investments in fixed-income securities consist of investment grade corporate bonds and debentures, mortgage-backed and asset-backed securities, United States Treasury obligations, municipal securities, obligations issued by the U.S. government and its agencies or instrumentalities and convertible securities. The fund's equity securities investments may include common and preferred stocks of United States companies of any size. The Adviser expects the fund may invest up to 50% of the fund's net assets in foreign securities, including securities of issuers located in emerging markets.

MFCDX - Mutual Fund Categories

Long-Short
Active
No Load

MFCDX - Performance

Return Ranking - Trailing

Period MFCDX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -5.1% 28.1% 44.21%
1 Yr 2.7% -14.4% 19.6% 29.03%
3 Yr 3.1%* -33.5% 12.4% 37.04%
5 Yr N/A* -5.7% 10.7% N/A
10 Yr N/A* -2.7% 6.8% N/A

* Annualized

Return Ranking - Calendar

Period MFCDX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.1% -23.0% 3.4% 78.02%
2017 20.0% -67.1% 21.4% 6.25%
2016 N/A -17.3% 25.3% N/A
2015 N/A -10.4% 11.6% N/A
2014 N/A -15.3% 11.3% N/A

Total Return Ranking - Trailing

Period MFCDX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -5.1% 28.1% 44.21%
1 Yr 2.7% -14.4% 19.6% 29.03%
3 Yr 3.1%* -4.2% 12.4% 43.21%
5 Yr N/A* -3.3% 10.7% N/A
10 Yr N/A* 1.6% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period MFCDX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.1% -23.0% 5.2% 78.02%
2017 20.0% -1.5% 25.0% 10.00%
2016 N/A -14.8% 25.3% N/A
2015 N/A -6.0% 11.6% N/A
2014 N/A -15.0% 12.1% N/A

NAV & Total Return History

MFCDX - Holdings

Concentration Analysis

MFCDX Category Low Category High MFCDX % Rank
Net Assets 193 M 200 3.24 B 28.57%
Number of Holdings 66 2 2106 64.58%
Net Assets in Top 10 4.52 M -7.32 M 1.69 B 76.04%
Weighting of Top 10 54.04% 0.0% 162.3% 50.00%

Top 10 Holdings

  1. Invesco QQQ Trust 17.44%
  2. iShares MSCI Emerging Markets ETF 6.10%
  3. Consumer Staples Select Sector SPDR® ETF 6.00%
  4. Nikkei/Yen Sept19 5.30%
  5. iShares MSCI South Korea Capped ETF 4.74%
  6. iShares MSCI Taiwan Capped ETF 3.27%
  7. iShares US Home Construction ETF 2.87%
  8. Norfolk Southern Corp 2.86%
  9. Costco Wholesale Corp 2.86%
  10. Vanguard Real Estate ETF 2.58%

Asset Allocation

Weighting Return Low Return High MFCDX % Rank
Cash 		57.86% -45.95% 166.99% 22.92%
Stocks 		41.27% -4.09% 70.82% 38.54%
Bonds 		0.87% 0.00% 76.33% 75.00%
Preferred Stocks 		0.00% 0.00% 6.50% 100.00%
Other 		0.00% -66.99% 49.28% 86.46%
Convertible Bonds 		0.00% 0.00% 13.92% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High MFCDX % Rank
Basic Materials 		16.80% -2.99% 16.80% 4.35%
Industrials 		13.96% -2.54% 31.44% 21.74%
Consumer Cyclical 		11.17% -1.38% 21.19% 15.22%
Energy 		3.38% -3.33% 10.84% 26.09%
Technology 		2.20% -1.17% 35.70% 53.26%
Financial Services 		1.52% -6.05% 18.25% 56.52%
Healthcare 		1.23% -2.67% 20.07% 59.78%
Utilities 		0.67% -1.15% 5.01% 44.57%
Communication Services 		-2.40% -2.40% 6.14% 100.00%
Consumer Defense 		-2.47% -2.47% 11.32% 100.00%
Real Estate 		-8.74% -8.74% 5.29% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High MFCDX % Rank
Non US 		38.15% -39.87% 61.37% 7.29%
US 		3.12% -2.49% 67.20% 62.50%

MFCDX - Expenses

Operational Fees

MFCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.49% 0.93% 12.57% 21.51%
Management Fee 1.40% 0.35% 2.25% 62.63%
12b-1 Fee 1.00% 0.00% 1.00% 100.00%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

MFCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 100.00%

Trading Fees

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

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.

MFCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 1020.14% 19.35%

MFCDX - Distributions

Dividend Yield Analysis

MFCDX Category Low Category High MFCDX % Rank
Dividend Yield 0.00% 0.00% 4.86% 98.99%

Dividend Distribution Analysis

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

Dividend Payout History

View More History

Net Income Ratio Analysis

MFCDX Category Low Category High MFCDX % Rank
Net Income Ratio -1.08% -2.95% 4.74% 82.80%

Capital Gain Distribution Analysis

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

MFCDX - Managers

Michael C. Aronstein

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2007

12.18

12.2%

Michael C. Aronstein is President, Chief Investment Officer and a co-founding partner of Marketfield Asset Management, LLC (and its predecessor firm, which was created in 2007). Mr. Aronstein began his investment career in 1979 at Merrill Lynch, eventually becoming Manager of Global Investment Strategy before departing in 1987 to join Comstock Partners. Mr. Aronstein was the President of Comstock Partners for six years. In 1993, Mr. Aronstein founded West Course Capital, a discretionary commodity management firm. From 2001 to 2004, Mr. Aronstein was Chief Investment Strategist for Preservation Group, a provider of independent macroeconomic and strategic research to professional investors. In 2004, he joined Oscar Gruss & Son Incorporated and served as Chief Investment Strategist until 2012. Mr. Aronstein graduated from Yale College with a Bachelor of Arts in 1974.

Michael Shaoul

Manager

Start Date

Tenure

Tenure Rank

Apr 08, 2016

3.48

3.5%

Michael Shaoul, Ph.D. is Chairman, Chief Executive Officer and a co-founding partner of Marketfield Asset Management LLC (and its predecesor firm, which was created in 2007). In 1996 Mr. Shaoul joined Oscar Gruss & Son Incorporated. He became its Chief Executive Officer in 2001 and held this position until 2014. He is Treasurer of American Friends of Tel Aviv University and a member of the Board of North American Friends of Manchester University. He was awarded a Ph.D. in Accounting and Finance from the University of Manchester (UK) in 1992.

Tenure Analysis

Category Low

0.0

Category High

20.88

Category Average

4.1

Category Mode

5.26

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