Oakhurst Fixed Income Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.2%
1 yr return
1.5%
3 Yr Avg Return
-2.9%
5 Yr Avg Return
-0.3%
Net Assets
$112 M
Holdings in Top 10
31.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.78%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 52.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OHFIX - Profile
Distributions
- YTD Total Return -1.2%
- 3 Yr Annualized Total Return -2.9%
- 5 Yr Annualized Total Return -0.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.45%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameOakhurst Fixed Income Fund
-
Fund Family NameOakhurst
-
Inception DateNov 01, 2012
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBarry Julien
Fund Description
The Fund seeks to achieve its investment objective of total return by investing primarily in a diversified portfolio of investment grade fixed-income securities that Oakhurst Capital Advisors, LLC (the “Sub-Adviser”) believes offer the potential for capital appreciation and current income. Total return for the Fund will consist of income, dividends and capital appreciation. The Fund may invest in various types of fixed-income securities, including, but not limited to, those issued by the U.S. Government and its agencies, corporate bonds, convertible securities, mortgage-backed and other asset-backed securities and collateralized mortgage obligations. Mortgage-backed securities include securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, as well as by non-governmental issuers such as commercial banks, savings and loan institutions, mortgage bankers, other private issuers, and private mortgage insurance companies. Collateralized mortgage obligations are debt obligations that pool together mortgages and separate them into short-, medium-, and long-term positions (“tranches”). Tranches pay different rates of interest depending on their maturity and anticipated cash flow.
Normally, the Fund will invest at least 80% of its net assets plus any borrowings for investment purposes in investment grade fixed-income securities. Investment grade fixed-income securities are rated in the four highest credit categories (AAA, AA, A, BBB, or an equivalent rating) by at least one nationally recognized rating agency or unrated securities that the Sub-Adviser considers to be of comparable quality. The Fund may invest up to 20% of its net assets in non-investment grade fixed income securities (hereafter referred to as “junk bonds” or “high yield securities”).
The Fund has adopted an investment policy to concentrate its investments in agency and non-agency mortgage-backed securities. This means the Fund will invest at least 25% of its total assets in agency and non-agency mortgage-backed securities. From time to time the Fund may emphasize investment in other particular sectors of the fixed income market. The Fund may also invest in thinly traded securities that are privately placed but eligible for purchase and sale by certain qualified institutional buyers (such as the Fund) under Rule 144A or other exemptions under the Securities Act of 1933. To the extent consistent with its investment policies, the Fund may invest up to 15% of the value of its net assets in securities or other investments that are deemed illiquid.
The Sub-Adviser attempts to maximize the Fund’s total return by actively managing the Fund’s average maturity, sector weightings, and specific security holdings. The Sub-Adviser also actively manages the Fund’s average duration, which is a measure of the sensitivity of the price of a fixed-income investment to a change in interest rates. For example, if interest rates move up 1 percentage point (1%) while the Fund’s duration is 4 years, the Fund’s share price would be expected to decline by 4%. The larger the duration number, the greater an investment’s sensitivity to changes in interest rates. In constructing the portfolio, the Sub-Adviser applies a disciplined maturity adjustment strategy that attempts to identify long-term interest rate trend patterns. If the Sub-Adviser perceives that a change in interest rates represents a long-term interest rate trend rather than a short-term swing, the Sub-Adviser will adjust the Fund’s average maturity. The Fund’s average maturity will depend on the Sub-Adviser’s assessment of both the relative yields available on securities with differing maturities and future changes in interest rates. While the Sub-Adviser may take advantage of the entire range of fixed-income maturities, the Fund’s dollar-weighted average maturity, which is the average of all the current maturities of the bonds held in the Fund, will generally range from 90 days up to 10 years. The Fund’s dollar-weighted average maturity will be actively monitored and adjusted based on the Sub-Adviser’s view of interest rate trends. The Sub-Adviser may sell a security based upon its assessment of interest rate trends or when more attractive opportunities become available.
OHFIX - Performance
Return Ranking - Trailing
Period | OHFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.2% | -9.5% | 3.8% | 33.63% |
1 Yr | 1.5% | -10.1% | 15.1% | 22.55% |
3 Yr | -2.9%* | -11.0% | 25.3% | 24.61% |
5 Yr | -0.3%* | -6.9% | 191.1% | 79.43% |
10 Yr | 1.3%* | -2.6% | 73.5% | 43.05% |
* Annualized
Return Ranking - Calendar
Period | OHFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.8% | -16.2% | 8.1% | 17.20% |
2022 | -14.6% | -34.7% | 131.9% | 14.30% |
2021 | -3.5% | -11.6% | 4.4% | 52.24% |
2020 | N/A | -10.1% | 946.1% | 80.55% |
2019 | N/A | -1.7% | 16.9% | 14.01% |
Total Return Ranking - Trailing
Period | OHFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.2% | -9.5% | 3.8% | 33.63% |
1 Yr | 1.5% | -10.1% | 15.1% | 22.55% |
3 Yr | -2.9%* | -11.0% | 25.3% | 24.61% |
5 Yr | -0.3%* | -6.9% | 191.1% | 79.43% |
10 Yr | 1.3%* | -2.6% | 73.5% | 43.05% |
* Annualized
Total Return Ranking - Calendar
Period | OHFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -11.3% | 11.0% | 26.40% |
2022 | -12.3% | -32.2% | 131.9% | 14.20% |
2021 | -1.7% | -9.4% | 9.2% | 76.23% |
2020 | N/A | -1.9% | 1009.0% | 27.36% |
2019 | N/A | 1.1% | 21668.0% | 6.95% |
NAV & Total Return History
OHFIX - Holdings
Concentration Analysis
OHFIX | Category Low | Category High | OHFIX % Rank | |
---|---|---|---|---|
Net Assets | 112 M | 2.9 M | 314 B | 89.32% |
Number of Holdings | 175 | 1 | 17889 | 88.20% |
Net Assets in Top 10 | 35.3 M | -106 M | 34.8 B | 85.50% |
Weighting of Top 10 | 31.52% | 4.4% | 134.1% | 29.48% |
Top 10 Holdings
- United States Treasury Note/Bond 4.64%
- United States Treasury Note/Bond 4.30%
- United States Treasury Note/Bond 4.05%
- United States Treasury Note/Bond 3.83%
- United States Treasury Note/Bond 3.40%
- United States Treasury Note/Bond 3.06%
- United States Treasury Note/Bond 2.80%
- Invesco Treasury Portfolio 2.71%
- Federal Farm Credit Banks Funding Corp 1.45%
- Freddie Mac Pool 1.30%
Asset Allocation
Weighting | Return Low | Return High | OHFIX % Rank | |
---|---|---|---|---|
Bonds | 93.72% | 0.00% | 215.98% | 56.29% |
Other | 3.51% | -13.23% | 50.66% | 55.60% |
Cash | 2.77% | -54.51% | 79.52% | 50.80% |
Convertible Bonds | 0.80% | 0.00% | 7.93% | 72.94% |
Stocks | 0.00% | 0.00% | 99.83% | 52.00% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 48.20% |
Bond Sector Breakdown
Weighting | Return Low | Return High | OHFIX % Rank | |
---|---|---|---|---|
Securitized | 44.99% | 0.00% | 98.40% | 16.20% |
Corporate | 32.99% | 0.00% | 100.00% | 43.46% |
Government | 20.44% | 0.00% | 86.23% | 59.96% |
Cash & Equivalents | 2.71% | 0.00% | 76.23% | 49.90% |
Municipal | 0.19% | 0.00% | 100.00% | 60.66% |
Derivative | 0.00% | -9.72% | 50.66% | 62.90% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | OHFIX % Rank | |
---|---|---|---|---|
US | 93.72% | 0.00% | 215.98% | 49.50% |
Non US | 0.00% | 0.00% | 33.48% | 55.50% |
OHFIX - Expenses
Operational Fees
OHFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.78% | 0.01% | 39.10% | 42.44% |
Management Fee | 0.50% | 0.00% | 1.00% | 88.48% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
OHFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
OHFIX 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.
OHFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 52.00% | 2.00% | 493.39% | 20.24% |
OHFIX - Distributions
Dividend Yield Analysis
OHFIX | Category Low | Category High | OHFIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.13% | 0.00% | 10.11% | 51.80% |
Dividend Distribution Analysis
OHFIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
OHFIX | Category Low | Category High | OHFIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.45% | -1.28% | 4.79% | 66.11% |
Capital Gain Distribution Analysis
OHFIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.030 | OrdinaryDividend |
Mar 28, 2024 | $0.026 | OrdinaryDividend |
Feb 29, 2024 | $0.025 | OrdinaryDividend |
Jan 31, 2024 | $0.021 | OrdinaryDividend |
Dec 28, 2023 | $0.042 | OrdinaryDividend |
Nov 30, 2023 | $0.027 | OrdinaryDividend |
Oct 31, 2023 | $0.031 | OrdinaryDividend |
Oct 02, 2023 | $0.027 | OrdinaryDividend |
Sep 01, 2023 | $0.028 | OrdinaryDividend |
Aug 01, 2023 | $0.024 | OrdinaryDividend |
Jul 03, 2023 | $0.024 | OrdinaryDividend |
Jun 01, 2023 | $0.025 | OrdinaryDividend |
May 01, 2023 | $0.025 | OrdinaryDividend |
Apr 03, 2023 | $0.022 | OrdinaryDividend |
Mar 01, 2023 | $0.023 | OrdinaryDividend |
Feb 01, 2023 | $0.022 | OrdinaryDividend |
Dec 30, 2022 | $0.026 | OrdinaryDividend |
Dec 01, 2022 | $0.024 | OrdinaryDividend |
Nov 01, 2022 | $0.021 | OrdinaryDividend |
Oct 03, 2022 | $0.020 | OrdinaryDividend |
Aug 31, 2022 | $0.022 | OrdinaryDividend |
Jul 29, 2022 | $0.019 | OrdinaryDividend |
Jun 30, 2022 | $0.022 | OrdinaryDividend |
May 31, 2022 | $0.019 | OrdinaryDividend |
Apr 29, 2022 | $0.015 | OrdinaryDividend |
Mar 31, 2022 | $0.018 | OrdinaryDividend |
Feb 28, 2022 | $0.018 | OrdinaryDividend |
Jan 31, 2022 | $0.016 | OrdinaryDividend |
Nov 30, 2021 | $0.020 | OrdinaryDividend |
Oct 29, 2021 | $0.016 | OrdinaryDividend |
Sep 30, 2021 | $0.017 | OrdinaryDividend |
Sep 01, 2021 | $0.018 | OrdinaryDividend |
Jul 30, 2021 | $0.017 | OrdinaryDividend |
Jun 30, 2021 | $0.019 | OrdinaryDividend |
May 28, 2021 | $0.016 | OrdinaryDividend |
Apr 30, 2021 | $0.017 | OrdinaryDividend |
Mar 31, 2021 | $0.019 | OrdinaryDividend |
Feb 26, 2021 | $0.015 | OrdinaryDividend |
Jan 29, 2021 | $0.014 | OrdinaryDividend |
Nov 30, 2020 | $0.019 | OrdinaryDividend |
Oct 30, 2020 | $0.018 | OrdinaryDividend |
Sep 30, 2020 | $0.020 | OrdinaryDividend |
Aug 31, 2020 | $0.018 | OrdinaryDividend |
Jul 31, 2020 | $0.020 | OrdinaryDividend |
Jun 30, 2020 | $0.018 | OrdinaryDividend |
May 29, 2020 | $0.018 | OrdinaryDividend |
Apr 30, 2020 | $0.020 | OrdinaryDividend |
Mar 31, 2020 | $0.021 | OrdinaryDividend |
Feb 28, 2020 | $0.020 | OrdinaryDividend |
Jan 31, 2020 | $0.020 | OrdinaryDividend |
Jan 02, 2020 | $0.025 | OrdinaryDividend |
Dec 02, 2019 | $0.020 | OrdinaryDividend |
Nov 01, 2019 | $0.025 | OrdinaryDividend |
Oct 01, 2019 | $0.019 | OrdinaryDividend |
Sep 03, 2019 | $0.022 | OrdinaryDividend |
Aug 01, 2019 | $0.024 | OrdinaryDividend |
Jul 01, 2019 | $0.024 | OrdinaryDividend |
Jun 03, 2019 | $0.024 | OrdinaryDividend |
May 01, 2019 | $0.026 | OrdinaryDividend |
Apr 01, 2019 | $0.023 | OrdinaryDividend |
Feb 28, 2019 | $0.023 | OrdinaryDividend |
Feb 01, 2019 | $0.024 | OrdinaryDividend |
Jan 02, 2019 | $0.028 | OrdinaryDividend |
Dec 03, 2018 | $0.025 | OrdinaryDividend |
Oct 31, 2018 | $0.028 | OrdinaryDividend |
Sep 28, 2018 | $0.023 | OrdinaryDividend |
Aug 31, 2018 | $0.025 | OrdinaryDividend |
Jul 31, 2018 | $0.026 | OrdinaryDividend |
Jun 29, 2018 | $0.022 | OrdinaryDividend |
May 31, 2018 | $0.028 | OrdinaryDividend |
Apr 30, 2018 | $0.024 | OrdinaryDividend |
Mar 29, 2018 | $0.022 | OrdinaryDividend |
Feb 28, 2018 | $0.023 | OrdinaryDividend |
Jan 31, 2018 | $0.026 | OrdinaryDividend |
Dec 29, 2017 | $0.022 | OrdinaryDividend |
Nov 30, 2017 | $0.022 | OrdinaryDividend |
Oct 31, 2017 | $0.024 | OrdinaryDividend |
Sep 29, 2017 | $0.024 | OrdinaryDividend |
Aug 31, 2017 | $0.025 | OrdinaryDividend |
Jul 31, 2017 | $0.023 | OrdinaryDividend |
Jun 30, 2017 | $0.022 | OrdinaryDividend |
May 31, 2017 | $0.024 | OrdinaryDividend |
Apr 28, 2017 | $0.023 | OrdinaryDividend |
Mar 31, 2017 | $0.023 | OrdinaryDividend |
Feb 28, 2017 | $0.020 | OrdinaryDividend |
Jan 31, 2017 | $0.023 | OrdinaryDividend |
Dec 30, 2016 | $0.023 | OrdinaryDividend |
Nov 30, 2016 | $0.022 | OrdinaryDividend |
Oct 31, 2016 | $0.025 | OrdinaryDividend |
Sep 30, 2016 | $0.025 | OrdinaryDividend |
Aug 31, 2016 | $0.020 | OrdinaryDividend |
Jul 29, 2016 | $0.023 | OrdinaryDividend |
Jun 30, 2016 | $0.025 | OrdinaryDividend |
May 31, 2016 | $0.024 | OrdinaryDividend |
Apr 29, 2016 | $0.023 | OrdinaryDividend |
Mar 31, 2016 | $0.024 | OrdinaryDividend |
Feb 29, 2016 | $0.022 | OrdinaryDividend |
Jan 29, 2016 | $0.022 | OrdinaryDividend |
Dec 31, 2015 | $0.021 | OrdinaryDividend |
Nov 30, 2015 | $0.022 | OrdinaryDividend |
Oct 30, 2015 | $0.021 | OrdinaryDividend |
Sep 30, 2015 | $0.021 | OrdinaryDividend |
Aug 31, 2015 | $0.022 | OrdinaryDividend |
Jul 31, 2015 | $0.022 | OrdinaryDividend |
Jun 30, 2015 | $0.021 | OrdinaryDividend |
May 29, 2015 | $0.023 | OrdinaryDividend |
Apr 30, 2015 | $0.022 | OrdinaryDividend |
Mar 31, 2015 | $0.022 | OrdinaryDividend |
Feb 27, 2015 | $0.022 | OrdinaryDividend |
Jan 30, 2015 | $0.023 | OrdinaryDividend |
Dec 31, 2014 | $0.023 | OrdinaryDividend |
Nov 28, 2014 | $0.023 | OrdinaryDividend |
Oct 31, 2014 | $0.022 | OrdinaryDividend |
Sep 30, 2014 | $0.023 | OrdinaryDividend |
Aug 29, 2014 | $0.022 | OrdinaryDividend |
Jul 31, 2014 | $0.023 | OrdinaryDividend |
Jun 30, 2014 | $0.023 | OrdinaryDividend |
May 30, 2014 | $0.022 | OrdinaryDividend |
Apr 30, 2014 | $0.023 | OrdinaryDividend |
Mar 31, 2014 | $0.023 | OrdinaryDividend |
Feb 28, 2014 | $0.021 | OrdinaryDividend |
Jan 31, 2014 | $0.022 | OrdinaryDividend |
Dec 31, 2013 | $0.022 | OrdinaryDividend |
Nov 29, 2013 | $0.022 | OrdinaryDividend |
Oct 31, 2013 | $0.018 | OrdinaryDividend |
Sep 30, 2013 | $0.024 | OrdinaryDividend |
Aug 30, 2013 | $0.023 | OrdinaryDividend |
Jul 31, 2013 | $0.023 | OrdinaryDividend |
Jun 28, 2013 | $0.024 | OrdinaryDividend |
May 31, 2013 | $0.026 | OrdinaryDividend |
Apr 30, 2013 | $0.022 | OrdinaryDividend |
Mar 28, 2013 | $0.022 | OrdinaryDividend |
Feb 28, 2013 | $0.023 | OrdinaryDividend |
Jan 31, 2013 | $0.024 | OrdinaryDividend |
Dec 31, 2012 | $0.025 | ExtraDividend |
Nov 30, 2012 | $0.025 | OrdinaryDividend |
OHFIX - Fund Manager Analysis
Managers
Barry Julien
Start Date
Tenure
Tenure Rank
Nov 01, 2012
9.58
9.6%
Barry P. Julien, CFA, Chief Investment Officer & Portfolio Manager – As part of Lido’s Fixed Income Initiative, Mr. Julien serves as lead Portfolio Manager for Lido Advisors, LLC’s (“Lido”) fixed income strategies. With over 30 years of experience, Mr. Julien leads Lido’s Fixed Income Team and works with institutional and high net worth clients to determine appropriate investment objectives and risk tolerance. Mr. Julien is also Chief Investment Officer of Oakhurst Capital Management, LLC (“OCM”), a joint venture between Lido and F/m Acceleration, LLC (“F/m”), where he leads both firm’s fixed income strategies through separately managed accounts, mutual funds, and other pooled investment vehicles, pursuant to primary advisory and sub-advisory relationships. He joined Lido Advisors in December 2020 when his prior firm, First Western Capital Management, was acquired. Mr. Julien served as President and Chief Investment Officer of First Western Capital Management. Previously, Mr. Julien was President and Chief Investment Officer at McKee Investment Management, and subsequently a Principal at Stonebridge Capital Management where he managed the company’s fixed income portfolio.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.81 | 1.16 |