Otter Creek Long/Short Opportunity Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.9%
1 yr return
15.1%
3 Yr Avg Return
2.7%
5 Yr Avg Return
6.5%
Net Assets
$141 M
Holdings in Top 10
37.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 101.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
OTCRX - Profile
Distributions
- YTD Total Return 5.9%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 6.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.99%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameOtter Creek Long/Short Opportunity Fund
-
Fund Family NameOtter Creek
-
Inception DateDec 30, 2013
-
Shares Outstanding595663
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTyler Walling
Fund Description
OTCRX - Performance
Return Ranking - Trailing
Period | OTCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -11.6% | 15.8% | 5.00% |
1 Yr | 15.1% | -33.0% | 41.7% | 5.83% |
3 Yr | 2.7%* | -10.5% | 13.4% | 7.14% |
5 Yr | 6.5%* | -4.8% | 11.1% | 44.58% |
10 Yr | 3.6%* | -4.6% | 7.6% | 70.13% |
* Annualized
Return Ranking - Calendar
Period | OTCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.4% | -31.7% | 23.2% | 21.43% |
2022 | -8.2% | -20.7% | 10.7% | 19.59% |
2021 | 7.0% | -12.4% | 14.7% | 27.78% |
2020 | 5.3% | -13.2% | 12.9% | 94.94% |
2019 | 3.8% | -11.7% | 7.9% | 75.71% |
Total Return Ranking - Trailing
Period | OTCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -11.7% | 15.8% | 5.00% |
1 Yr | 15.1% | -33.0% | 41.7% | 5.83% |
3 Yr | 2.7%* | -10.5% | 13.4% | 6.12% |
5 Yr | 6.5%* | -4.8% | 11.1% | 42.17% |
10 Yr | 3.6%* | -4.6% | 7.6% | 83.44% |
* Annualized
Total Return Ranking - Calendar
Period | OTCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | -31.7% | 23.2% | 21.43% |
2022 | -1.9% | -20.7% | 10.7% | 19.59% |
2021 | 9.3% | -12.4% | 14.7% | 38.89% |
2020 | 7.3% | -12.7% | 12.9% | 94.94% |
2019 | 3.8% | -11.5% | 13.2% | 78.57% |
NAV & Total Return History
OTCRX - Holdings
Concentration Analysis
OTCRX | Category Low | Category High | OTCRX % Rank | |
---|---|---|---|---|
Net Assets | 141 M | 105 K | 12.6 B | 45.19% |
Number of Holdings | 84 | 5 | 2526 | 81.73% |
Net Assets in Top 10 | 51.1 M | -619 M | 6.53 B | 25.96% |
Weighting of Top 10 | 37.16% | 7.6% | 96.1% | 60.98% |
Top 10 Holdings
- Alphabet Inc 4.06%
- Avantor Inc 4.02%
- Thermo Fisher Scientific Inc 4.00%
- Intercontinental Exchange Inc 3.82%
- United States Treasury Note/Bond 3.68%
- Parsons Corp 3.67%
- Meta Platforms Inc 3.66%
- General Electric Co 3.56%
- Goldman Sachs Capital II 3.38%
- DigitalBridge Group Inc 3.31%
Asset Allocation
Weighting | Return Low | Return High | OTCRX % Rank | |
---|---|---|---|---|
Stocks | 47.72% | -57.09% | 325.56% | 34.62% |
Cash | 44.87% | -225.56% | 102.75% | 42.31% |
Bonds | 7.41% | -1.04% | 63.30% | 22.12% |
Convertible Bonds | 0.14% | 0.00% | 95.47% | 21.15% |
Preferred Stocks | 0.00% | 0.00% | 5.67% | 44.23% |
Other | 0.00% | -11.90% | 43.69% | 52.88% |
Stock Sector Breakdown
Weighting | Return Low | Return High | OTCRX % Rank | |
---|---|---|---|---|
Industrials | 25.40% | 0.00% | 27.58% | 7.53% |
Financial Services | 17.91% | 0.00% | 98.37% | 32.26% |
Technology | 15.52% | 0.00% | 100.00% | 29.03% |
Communication Services | 11.66% | 0.00% | 33.72% | 68.82% |
Healthcare | 10.89% | 0.00% | 27.28% | 18.28% |
Real Estate | 4.83% | 0.00% | 93.91% | 84.95% |
Utilities | 4.80% | 0.00% | 66.28% | 9.68% |
Basic Materials | 4.79% | 0.00% | 42.74% | 41.94% |
Consumer Cyclical | 4.20% | 0.00% | 29.06% | 58.06% |
Energy | 0.00% | 0.00% | 53.30% | 80.65% |
Consumer Defense | 0.00% | 0.00% | 30.58% | 77.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | OTCRX % Rank | |
---|---|---|---|---|
US | 47.72% | -55.82% | 325.56% | 33.65% |
Non US | 0.00% | -7.09% | 86.98% | 80.77% |
Bond Sector Breakdown
Weighting | Return Low | Return High | OTCRX % Rank | |
---|---|---|---|---|
Corporate | 14.63% | 0.00% | 100.00% | 21.15% |
Cash & Equivalents | 1.72% | 0.00% | 100.00% | 58.65% |
Derivative | 0.00% | 0.00% | 30.95% | 38.46% |
Securitized | 0.00% | 0.00% | 27.70% | 32.69% |
Municipal | 0.00% | 0.00% | 3.82% | 31.73% |
Government | 0.00% | 0.00% | 73.33% | 47.12% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | OTCRX % Rank | |
---|---|---|---|---|
US | 7.41% | -1.04% | 80.93% | 22.12% |
Non US | 0.00% | -64.71% | 9.68% | 43.27% |
OTCRX - Expenses
Operational Fees
OTCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.47% | 0.73% | 9.52% | 49.51% |
Management Fee | 1.35% | 0.13% | 1.65% | 84.62% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 33.90% |
Administrative Fee | N/A | 0.06% | 0.40% | N/A |
Sales Fees
OTCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
OTCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 2.00% | 64.29% |
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.
OTCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 101.00% | 30.00% | 483.00% | 32.58% |
OTCRX - Distributions
Dividend Yield Analysis
OTCRX | Category Low | Category High | OTCRX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.76% | 0.00% | 0.75% | 25.00% |
Dividend Distribution Analysis
OTCRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
OTCRX | Category Low | Category High | OTCRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.99% | -2.49% | 4.20% | 22.33% |
Capital Gain Distribution Analysis
OTCRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.369 | OrdinaryDividend |
Dec 15, 2022 | $0.852 | OrdinaryDividend |
Dec 15, 2020 | $0.232 | OrdinaryDividend |
OTCRX - Fund Manager Analysis
Managers
Tyler Walling
Start Date
Tenure
Tenure Rank
Dec 30, 2013
8.42
8.4%
Tyler C. Walling. Mr. Walling is a Principal and Portfolio Manager with Otter Creek Advisors, LLC. Mr. Walling joined the previous investment advisor in May 2011 and serves as an investment professional. Prior to joining the General Partner of Otter Creek Management, Mr. Walling worked at Goldman Sachs & Co., an investment banking and securities firm, in New York, New York, as a Global Investment Research Associate in from August 2009 through May 2011 and as a Global Investment Research Analyst from July 2006 through July 2009. While at Goldman Sachs & Co., Mr. Walling performed in-depth fundamental research and analysis for food, beverage, and tobacco companies, auto manufacturers and auto parts suppliers. Mr. Walling received his BS in Finance from Lehigh University in 2006.
R. Long
Start Date
Tenure
Tenure Rank
Aug 19, 2019
2.78
2.8%
Roger Keith Long founded Otter Creek Management in 1991 and Co-founded Otter Creek Advisors in 2014. Mr. Long is currently President of Otter Creek Management and was a sole portfolio manager. From 1973 to 1979, Mr. Long was employed as a portfolio manager at Lionel D. Edit & Co., Chicago, Illinois. In 1979, Mr. Long joined Delphi Capital Management in Chicago, where he served as a portfolio manager and investment analyst. He joined Kidder Peabody & Co.’s Chicago office in 1981 as a fixed income analyst specializing in arbitrage trading. In 1983, Mr. Long joined Morgan Stanley & Co. in New York, as a fixed income analyst and arbitrage trader. He was promoted to Vice President in 1985 and Principal in 1987. In 1991, Mr. Long left Morgan Stanley to start Otter Creek Management. Mr. Long received a B.S. degree and an M.B.A. degree, both in Finance, from Indiana University. He served in the U.S. Army from 1970 to 1971 as an artillery officer and was honorably discharged with the rank of First Lieutenant.
Cory Reed
Start Date
Tenure
Tenure Rank
Apr 14, 2022
0.13
0.1%
Cory J. Reed, CFA. Mr. Reed is a Principal and Portfolio Manager with the Advisor. Mr. Reed joined the investment advisor in September 2016 and served as an investment professional. Prior to joining Otter Creek Advisors, Mr. Reed worked at Tetrem Capital Management, a Canadian investment firm based in Winnipeg, MB and Boston, MA, as Head of Trading from March 2013 through September 2016. Prior to that Mr. Reed spent time at LPL Financial in the research department, and with Needham and Company. While at Needham and Co. Mr. Reed performed in-depth fundamental research and analysis for Financial Technology, and IT Hardware companies. Mr. Reed started his career with Westfield Capital Management as an Assistant Trader. Mr. Reed received his BS in Business Administration from The University of Maine in 2007. Mr. Reed is also a CFA Charter holder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.59 | 6.3 | 9.42 |