MFRIX: Marketfield R6

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MFRIX Marketfield R6

  • Fund
  • MFRIX
  • Price as of: Dec 05, 2019
  • $16.73
    + $0.05 + 0.30%

Profile

MFRIX - Profile

Vitals

  • YTD Return 9.7%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $186 M
  • Holdings in Top 10 54.0%

52 WEEK LOW AND HIGH

$16.73
$14.96
$16.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.49%

SALES FEES

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

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Marketfield Fund
  • Fund Family Name
    Marketfield Funds
  • Inception Date
    Jun 17, 2013
  • Shares Outstanding
    96096
  • Share Class
    Retirement
  • 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.


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Categories

MFRIX - Mutual Fund Categories


Performance

MFRIX - Performance

Return Ranking - Trailing

Period MFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -5.0% 24.9% 31.63%
1 Yr 8.8% -10.5% 22.7% 9.38%
3 Yr 4.5%* -5.9% 10.3% 17.50%
5 Yr N/A* -3.7% 5.3% N/A
10 Yr N/A* -0.9% 6.4% N/A

* Annualized

Return Ranking - Calendar

Period MFRIX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.1% -23.0% 3.4% 76.67%
2017 21.4% -67.1% 21.4% 1.27%
2016 N/A -17.3% 25.3% N/A
2015 N/A -14.2% 11.6% N/A
2014 N/A -15.3% 11.3% N/A

Total Return Ranking - Trailing

Period MFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -5.0% 24.2% 31.63%
1 Yr 8.5% -8.4% 22.1% 11.46%
3 Yr 4.4%* -5.9% 10.3% 33.75%
5 Yr N/A* -2.5% 5.3% N/A
10 Yr N/A* -0.9% 6.4% N/A

* Annualized

Total Return Ranking - Calendar

Period MFRIX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.1% -23.0% 5.2% 76.67%
2017 21.4% -1.5% 25.0% 5.06%
2016 N/A -7.5% 25.3% N/A
2015 N/A -14.2% 11.6% N/A
2014 N/A -15.0% 12.1% N/A

NAV & Total Return History


Holdings

MFRIX - Holdings

Concentration Analysis

MFRIX Category Low Category High MFRIX % Rank
Net Assets 186 M 1.84 M 3.1 B 29.29%
Number of Holdings 66 2 2212 63.64%
Net Assets in Top 10 4.52 M -32.2 M 819 M 71.72%
Weighting of Top 10 54.04% 0.0% 162.9% 40.40%

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 MFRIX % Rank
Cash
57.86% -21.35% 145.38% 18.18%
Stocks
41.27% -4.15% 98.77% 38.38%
Bonds
0.87% -0.43% 78.53% 73.74%
Preferred Stocks
0.00% 0.00% 11.20% 69.70%
Other
0.00% -45.38% 49.30% 64.65%
Convertible Bonds
0.00% 0.00% 13.92% 74.75%

Stock Sector Breakdown

Weighting Return Low Return High MFRIX % Rank
Basic Materials
16.80% -2.56% 16.80% 2.11%
Industrials
13.96% -0.21% 36.51% 9.47%
Consumer Cyclical
11.17% -3.46% 21.19% 14.74%
Energy
3.38% -3.33% 9.76% 18.95%
Technology
2.20% -4.08% 43.78% 38.95%
Financial Services
1.52% -2.72% 18.25% 48.42%
Healthcare
1.23% -2.67% 16.58% 50.53%
Utilities
0.67% -1.07% 7.00% 31.58%
Communication Services
-2.40% -2.40% 8.29% 97.89%
Consumer Defense
-2.47% -2.47% 13.38% 97.89%
Real Estate
-8.74% -8.74% 6.37% 97.89%

Stock Geographic Breakdown

Weighting Return Low Return High MFRIX % Rank
Non US
38.15% -37.80% 52.79% 5.05%
US
3.12% -2.55% 92.02% 53.54%

Expenses

MFRIX - Expenses

Operational Fees

MFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.49% 0.93% 12.57% 48.98%
Management Fee 1.40% 0.35% 2.25% 65.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.45% 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 1.00% 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 40.00% 0.00% 1816.00% 17.35%

Distributions

MFRIX - Distributions

Dividend Yield Analysis

MFRIX Category Low Category High MFRIX % Rank
Dividend Yield 0.00% 0.00% 5.71% 79.00%

Dividend Distribution Analysis

MFRIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

MFRIX Category Low Category High MFRIX % Rank
Net Income Ratio 0.05% -2.95% 4.60% 60.20%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MFRIX - Fund Manager Analysis

Managers

Michael C. Aronstein


Start Date

Tenure

Tenure Rank

Jul 31, 2007

12.34

12.3%

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

3.65

3.7%

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
0.14 21.05 4.31 5.43