Marketfield R6
Name
As of 11/30/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
15.3%
1 yr return
18.0%
3 Yr Avg Return
4.5%
5 Yr Avg Return
5.6%
Net Assets
$159 M
Holdings in Top 10
49.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 17.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/30/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFRIX - Profile
Distributions
- YTD Total Return 15.3%
- 3 Yr Annualized Total Return 4.5%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.63%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMarketfield Fund
-
Fund Family NameMarketfield Funds
-
Inception DateJun 17, 2013
-
Shares Outstanding9352
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Aronstein
Fund Description
MFRIX - Performance
Return Ranking - Trailing
Period | MFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.3% | -32.5% | 80.5% | 25.36% |
1 Yr | 18.0% | -29.4% | 86.4% | 16.35% |
3 Yr | 4.5%* | -15.1% | 33.0% | 40.10% |
5 Yr | 5.6%* | -8.2% | 15.0% | 33.33% |
10 Yr | 4.2%* | -0.1% | 10.1% | 68.85% |
* Annualized
Return Ranking - Calendar
Period | MFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.7% | -12.2% | 37.8% | 33.17% |
2022 | -13.1% | -41.4% | 12.7% | 80.95% |
2021 | 21.4% | -67.1% | 21.9% | 1.17% |
2020 | N/A | -17.3% | 25.3% | N/A |
2019 | N/A | -26.2% | 11.6% | N/A |
Total Return Ranking - Trailing
Period | MFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.3% | -32.5% | 80.5% | 25.36% |
1 Yr | 18.0% | -32.9% | 86.4% | 13.94% |
3 Yr | 4.5%* | -16.2% | 33.0% | 37.56% |
5 Yr | 5.6%* | -8.6% | 15.0% | 31.45% |
10 Yr | 4.2%* | -0.1% | 10.1% | 67.21% |
* Annualized
Total Return Ranking - Calendar
Period | MFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.7% | -12.2% | 37.8% | 33.17% |
2022 | -13.1% | -23.0% | 12.7% | 83.07% |
2021 | 21.4% | -3.6% | 25.0% | 3.51% |
2020 | N/A | -15.5% | 25.3% | N/A |
2019 | N/A | -26.2% | 11.6% | N/A |
NAV & Total Return History
MFRIX - Holdings
Concentration Analysis
MFRIX | Category Low | Category High | MFRIX % Rank | |
---|---|---|---|---|
Net Assets | 159 M | 0 | 4.02 B | 34.27% |
Number of Holdings | 54 | 4 | 2577 | 66.82% |
Net Assets in Top 10 | 33.1 M | -166 M | 685 M | 38.39% |
Weighting of Top 10 | 49.15% | 1.5% | 100.0% | 29.52% |
Top 10 Holdings
- Utilities Select Sector SPDR® ETF 7.48%
- iShares MSCI Emerging Markets ETF 6.82%
- Invesco QQQ Trust 6.36%
- iShares US Home Construction ETF 4.63%
- Costco Wholesale Corp 4.18%
- D.R. Horton Inc 4.09%
- iShares MSCI Taiwan ETF 4.03%
- Keyence Corp 3.95%
- Keyence Corp 3.95%
- Keyence Corp 3.95%
Asset Allocation
Weighting | Return Low | Return High | MFRIX % Rank | |
---|---|---|---|---|
Stocks | 74.77% | -12.61% | 278.47% | 28.64% |
Cash | 25.23% | -178.47% | 112.61% | 58.29% |
Preferred Stocks | 0.00% | 0.00% | 6.32% | 66.82% |
Other | 0.00% | -12.25% | 131.29% | 70.62% |
Convertible Bonds | 0.00% | 0.00% | 5.58% | 66.35% |
Bonds | 0.00% | -9.38% | 152.17% | 71.36% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MFRIX % Rank | |
---|---|---|---|---|
Industrials | 23.16% | 0.00% | 35.96% | 6.03% |
Consumer Cyclical | 21.38% | 0.00% | 80.64% | 9.55% |
Technology | 19.37% | 0.00% | 45.04% | 44.22% |
Basic Materials | 17.61% | 0.00% | 17.61% | 2.01% |
Consumer Defense | 5.57% | 0.00% | 40.37% | 64.82% |
Healthcare | 4.27% | 0.00% | 98.20% | 93.97% |
Financial Services | 2.75% | 0.00% | 74.33% | 89.45% |
Energy | 2.61% | 0.00% | 12.38% | 21.11% |
Communication Services | 1.73% | 0.00% | 24.55% | 96.48% |
Real Estate | 1.28% | 0.00% | 19.67% | 55.78% |
Utilities | 0.28% | 0.00% | 18.90% | 73.37% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MFRIX % Rank | |
---|---|---|---|---|
US | 37.98% | -31.19% | 278.47% | 73.93% |
Non US | 36.79% | -2.12% | 62.34% | 5.69% |
MFRIX - Expenses
Operational Fees
MFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.72% | 0.40% | 12.79% | 33.17% |
Management Fee | 1.40% | 0.00% | 2.25% | 77.10% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 1.47% | N/A |
Sales Fees
MFRIX 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
MFRIX 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.
MFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 17.00% | 0.00% | 470.00% | 7.39% |
MFRIX - Distributions
Dividend Yield Analysis
MFRIX | Category Low | Category High | MFRIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.43% | 0.00% | 21.57% | 6.07% |
Dividend Distribution Analysis
MFRIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
MFRIX | Category Low | Category High | MFRIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.63% | -2.65% | 3.99% | 28.85% |
Capital Gain Distribution Analysis
MFRIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
MFRIX - Fund Manager Analysis
Managers
Michael Aronstein
Start Date
Tenure
Tenure Rank
Jul 31, 2007
13.35
13.4%
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
Start Date
Tenure
Tenure Rank
Apr 08, 2016
4.65
4.7%
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 | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 22.05 | 5.73 | 6.43 |