MHFAX: AXS Managed Futures Strategy Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$5.98

-

0.00%

$1.08

1.96%

Vitals

YTD Return

-7.9%

1 yr return

-3.6%

3 Yr Avg Return

-4.8%

5 Yr Avg Return

-4.0%

Net Assets

$52.8 M

Holdings in Top 10

47.6%

52 WEEK LOW AND HIGH

$6.00
$5.83
$6.62

Expenses

OPERATING FEES

Expense Ratio 1.96%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Systematic Trend


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$5.98

-

0.00%

$1.08

1.96%

MHFAX - Profile

Distributions

  • YTD Total Return -7.9%
  • 3 Yr Annualized Total Return -6.7%
  • 5 Yr Annualized Total Return -5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AXS Managed Futures Strategy Fund
  • Fund Family Name
    AXS
  • Inception Date
    Dec 31, 2009
  • Shares Outstanding
    1266647
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ajay Dravid

Fund Description

The fund pursues its investment objective primarily by investing directly or indirectly through its wholly-owned and controlled subsidiary formed under the laws of the Cayman Islands (the "Subsidiary"). It may invest up to approximately 25% of its total assets in the Subsidiary, which has the same investment objective as the fund.


MHFAX - Performance

Return Ranking - Trailing

Period MHFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.9% -7.4% 14.6% 98.94%
1 Yr -3.6% -16.1% 36.5% 92.47%
3 Yr -4.8%* -7.9% 13.3% 92.13%
5 Yr -4.0%* -5.3% 10.0% 95.18%
10 Yr -1.2%* -2.4% 4.3% 64.29%

* Annualized

Return Ranking - Calendar

Period MHFAX Return Category Return Low Category Return High Rank in Category (%)
2020 -15.7% -16.4% 12.9% 98.92%
2019 -4.2% -9.3% 17.5% 69.57%
2018 -0.5% -25.8% 2.2% 16.28%
2017 -4.4% -5.1% 21.0% 98.68%
2016 0.8% -20.3% 4.6% 12.68%

Total Return Ranking - Trailing

Period MHFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.9% -7.4% 14.6% 98.94%
1 Yr -9.1% -20.3% 36.5% 97.85%
3 Yr -6.7%* -9.0% 11.1% 97.75%
5 Yr -5.2%* -5.7% 8.7% 100.00%
10 Yr -1.8%* -2.4% 4.3% 75.00%

* Annualized

Total Return Ranking - Calendar

Period MHFAX Return Category Return Low Category Return High Rank in Category (%)
2020 -15.7% -16.4% 12.9% 98.92%
2019 -4.2% -9.3% 17.5% 69.57%
2018 -0.5% -20.3% 2.5% 16.28%
2017 -4.4% -5.1% 21.0% 98.68%
2016 4.2% -20.3% 6.7% 7.04%

NAV & Total Return History


MHFAX - Holdings

Concentration Analysis

MHFAX Category Low Category High MHFAX % Rank
Net Assets 52.8 M 2.12 M 1.74 B 64.89%
Number of Holdings 11 3 876 85.11%
Net Assets in Top 10 9.31 M -100 M 2.04 B 57.45%
Weighting of Top 10 47.55% 20.3% 94.0% 68.52%

Top 10 Holdings

  1. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  2. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  3. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  4. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  5. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  6. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  7. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  8. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  9. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%
  10. AXS MANAGED FUTURES STRATEGY FUND LTD 21.77%

Asset Allocation

Weighting Return Low Return High MHFAX % Rank
Other
60.56% 0.00% 58.63% 4.26%
Cash
39.44% -687.11% 117.03% 50.00%
Stocks
0.00% -1.78% 72.26% 74.47%
Preferred Stocks
0.00% 0.00% 0.13% 12.77%
Convertible Bonds
0.00% 0.00% 2.27% 28.72%
Bonds
0.00% -50.36% 717.59% 70.21%

MHFAX - Expenses

Operational Fees

MHFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.96% 0.75% 12.88% 47.31%
Management Fee 1.45% 0.65% 2.99% 59.57%
12b-1 Fee 0.25% 0.00% 1.00% 24.59%
Administrative Fee N/A 0.09% 0.45% 13.33%

Sales Fees

MHFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 4.55%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MHFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 8.33%

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.

MHFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 198.00% 34.29%

MHFAX - Distributions

Dividend Yield Analysis

MHFAX Category Low Category High MHFAX % Rank
Dividend Yield 0.00% 0.00% 0.00% 1.06%

Dividend Distribution Analysis

MHFAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

MHFAX Category Low Category High MHFAX % Rank
Net Income Ratio -0.54% -3.14% 1.55% 51.61%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

MHFAX - Fund Manager Analysis

Managers

Ajay Dravid


Start Date

Tenure

Tenure Rank

Oct 31, 2011

9.84

9.8%

Dr. Ajay Dravid is the Chief Investment Officer of the Adviser and has been in this role since November 2014. Since 2011, Dr. Dravid has also served as the Managing Director of Portfolio Strategy for Equinox Fund Management, LLC, (“Equinox Funds”) an affiliate of the Adviser. As a co-portfolio manager of Equinox’s mutual funds, Dr. Dravid is involved in day-to-day portfolio and risk management, as well as in developing and structuring new products. Prior to joining Equinox Funds, Dr. Dravid was a consultant and a member of the Executive Committee of Equinox Frontier Funds. From 2004 to 2006, he was President of Saranac Capital Management. From 1996 to 2004, he was a Director and then a Managing Director at Salomon Brothers and Citigroup, where he helped to build and manage the hedge fund business and platforms. He was a co-portfolio manager for the Multi-Strategy Arbitrage funds, a quantitative analyst for Equity Long-Short funds, and the head of the Risk Committee. He was also involved in the structuring and marketing of funds and in client services. From 1993 to 1996, Dr. Dravid was a Vice President in the Asset Allocation Research Group of Salomon Brothers. Prior to this, he was an Assistant Professor of Finance at the Wharton School. Dr. Dravid has published numerous papers in leading academic and practitioner journals including Journal of Finance, Journal of Financial Economics, and Journal of Derivatives. Dr. Dravid received a BSc in Physics from the University of Poona (India), an MA in Physics from SUNY at Stony Brook, an MBA in Finance and Marketing from the University of Rochester, and a PhD in Finance from the Graduate School of Business at Stanford University. He holds a securities license Series 7 and CFTC/NFA Series 3 registration.

Rufus Rankin


Start Date

Tenure

Tenure Rank

Oct 31, 2011

9.84

9.8%

Dr. Rufus Rankin is the Director of Research for Equinox Institutional Asset Management, LP and has been in this role since November 2014. Since 2011, Dr. Rankin has also served as Director of Portfolio Management for Equinox Fund Management, LLC, an affiliate of the Equinox Institutional Asset Management, LP. Dr. Rankin works on the conception, development and implementation of new products and distribution strategies for investment products managed by Equinox Funds, a role that requires daily contact with and evaluation of CTAs, and other alternative investment managers. He is a co-portfolio manager of the firm’s mutual funds. Prior to his current role, he was Product Development Manager at Solon Capital, LLC, an affiliate of the Adviser. Before then, he performed sales at SEI from August 2005 to February 2009, and was previously at Morgan Stanley from September 2004 to August 2005. Dr. Rankin holds a BA in Philosophy and a Masters in International Studies from North Carolina State University and a Doctorate of Business Administration from Grenoble Ecole de Management. His doctoral dissertation focused on statistical methods of enhancing multi-manager and multi-asset portfolio diversification, with an emphasis on portfolios of CTAs and Hedge Funds.

Mark Lacuesta


Start Date

Tenure

Tenure Rank

Jan 31, 2020

1.58

1.6%

Mark Lacuesta has been Head of Product and Research at the AXS since October 2019. From 2014 to 2019, Mr. Lacuesta was the Director of Index Strategies at IndexIQ, an early pioneer in liquid alternative investments, which was acquired by New York Life Investments. Prior to IndexIQ, Mr. Lacuesta was a Vice President of FactSet Research Systems. Mr. Lacuesta holds a Master's Degree in Financial Risk Management from the University of Connecticut, a BS in Biochemistry and a BA in Economics from the University of California, San Diego. He holds the FRM, CAIA, and CIPM designations, and holds an NFA Series 3 and 31 registration.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 14.09 5.41 5.06