PCYIX: PCS Commodity Strategy I

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PCYIX PCS Commodity Strategy I


Profile

PCYIX - Profile

Vitals

  • YTD Return -29.7%
  • 3 Yr Annualized Return -11.0%
  • 5 Yr Annualized Return -10.5%
  • Net Assets $10.1 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$5.23
$4.43
$7.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -29.7%
  • 3 Yr Annualized Total Return -10.9%
  • 5 Yr Annualized Total Return -10.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    PCS Commodity Strategy Fund
  • Fund Family Name
    Price Asset Management
  • Inception Date
    Dec 10, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Schink

Fund Description

The fund seeks to achieve its investment objective by investing, under normal circumstances, in (a) a portfolio of commodity-linked futures contracts traded on U.S. and foreign exchanges and (b) a fixed-income portfolio made up primarily of cash, cash equivalents, short-term U.S. government securities, and certain other money market instruments.


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Categories

Performance

PCYIX - Performance

Return Ranking - Trailing

Period PCYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -29.7% -42.2% 0.0% 83.78%
1 Yr -27.8% -45.0% -1.0% 84.55%
3 Yr -11.0%* -25.5% -0.4% 63.54%
5 Yr -10.5%* -23.8% -4.6% 67.42%
10 Yr N/A* -17.2% -6.2% N/A

* Annualized

Return Ranking - Calendar

Period PCYIX Return Category Return Low Category Return High Rank in Category (%)
2019 9.6% -8.3% 16.6% 17.27%
2018 -14.9% -42.9% -0.2% 42.86%
2017 2.8% -13.1% 10.5% 23.40%
2016 12.0% 3.1% 22.1% 36.56%
2015 -26.6% -64.9% -7.2% 74.70%

Total Return Ranking - Trailing

Period PCYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -29.7% -42.2% 0.0% 83.78%
1 Yr -27.8% -45.0% -1.0% 84.55%
3 Yr -10.9%* -25.5% 0.1% 79.17%
5 Yr -10.4%* -22.5% -4.3% 82.02%
10 Yr N/A* -15.4% -5.8% N/A

* Annualized

Total Return Ranking - Calendar

Period PCYIX Return Category Return Low Category Return High Rank in Category (%)
2019 9.6% -8.3% 16.6% 17.27%
2018 -14.9% -42.9% -0.2% 58.16%
2017 3.2% -8.3% 10.9% 48.94%
2016 12.0% 3.1% 23.2% 48.39%
2015 -26.6% -62.9% -7.2% 78.31%

NAV & Total Return History


Holdings

PCYIX - Holdings

Concentration Analysis

PCYIX Category Low Category High PCYIX % Rank
Net Assets 10.1 M 874 K 6.16 B 91.89%
Number of Holdings 7 4 875 90.99%
Net Assets in Top 10 0 -189 M 2.01 B 97.30%
Weighting of Top 10 N/A 6.1% 93.4% 45.45%

Top 10 Holdings

  1. United States Treasury Bills 0% 12.94%
  2. United States Treasury Bills 0% 11.65%
  3. United States Treasury Bills 0% 10.35%
  4. United States Treasury Bills 0% 8.27%
  5. United States Treasury Bills 0% 7.76%

Asset Allocation

Weighting Return Low Return High PCYIX % Rank
Cash
100.00% -64.43% 114.46% 1.80%
Stocks
0.00% 0.00% 51.95% 71.17%
Preferred Stocks
0.00% 0.00% 0.00% 66.67%
Other
0.00% -16.02% 109.83% 80.18%
Convertible Bonds
0.00% 0.00% 7.30% 80.18%
Bonds
0.00% 0.00% 81.14% 89.19%

Expenses

PCYIX - Expenses

Operational Fees

PCYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.52% 0.01% 19.14% 45.95%
Management Fee 0.79% 0.00% 1.75% 46.85%
12b-1 Fee 0.00% 0.00% 1.00% 4.55%
Administrative Fee N/A 0.04% 0.45% 33.87%

Sales Fees

PCYIX 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

PCYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 55.56%

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.

PCYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 322.00% 14.68%

Distributions

PCYIX - Distributions

Dividend Yield Analysis

PCYIX Category Low Category High PCYIX % Rank
Dividend Yield 0.00% 0.00% 2.39% 67.57%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PCYIX Category Low Category High PCYIX % Rank
Net Income Ratio 1.15% -2.28% 3.57% 50.45%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PCYIX - Fund Manager Analysis

Managers

David Schink


Start Date

Tenure

Tenure Rank

Dec 10, 2014

5.39

5.4%

Mr. Schink is the chief operating officer and general counsel of Price Asset Management, LLC, where he is responsible for investment activities and operations and legal functions. Mr. Schink is a registered principal and associated person of Price Asset Management, LLC and holds a Series 3 license. Mr. Schink is also a managing partner of Peak View Capital LLC, which he joined in 2011. From 2004 to 2011, Mr. Schink was chief operating officer and general counsel of Contego Capital Partners, LLC, a Chicago-based registered investment advisor specializing in hedge fund investing where he was involved in strategic and day-to-day business affairs and was responsible for legal and regulatory risk management. From 2000 to 2004, Mr. Schink was an associate at Kirkland & Ellis, LLP, where he represented private equity funds, registered investment advisors and other investment vehicles in a variety of transactions, and from 1998 to 2000 he was an associate at Sidley & Austin, where he represented financial institutions in structuring and negotiating structured finance and secured lending transactions. Mr. Schink holds a B.A. from Hamilton College and a J.D. from Boston University School of Law.

Alan Konn


Start Date

Tenure

Tenure Rank

Dec 10, 2014

5.39

5.4%

Alan Konn. Mr. Konn is the Managing Director of the Institutional Client Group, Co-Chairman of Price Holdings Inc., and Chairman of Price Asset Management, LLC. He holds FINRA Series 3, 7, 24 and 63 licenses and is an NFA principal. Mr. Konn joined the Price Group and became registered and a Member with Uhlmann Price Securities Inc. (UPS), our affiliated broker dealer, in early 2003. In his capacity as Managing Director of UPS, he is responsible for Price Asset Management’s institutional client marketing. Prior to Price, Alan spent 17 years as an investment executive with William Blair & Co. where he worked as a portfolio manager assisting high net worth clients with asset allocation and investment strategies. Prior to that he was employed by First National Bank of Chicago in the corporate finance department. Alan has a BA in Psychology from Hamline University, and an MBA in Finance and Accounting from UCLA.

John Reese


Start Date

Tenure

Tenure Rank

Dec 10, 2014

5.39

5.4%

Mr. Reese is the chief executive officer of Price Asset Management, LLC where he oversees management, investment and marketing functions. Mr. Reese earned a B.A. in Economics from Westminster College in 1977. Mr. Reese is registered as a principal and associated person of Price Asset Management, LLC and holds a Series 3 License. Prior to joining Price Asset Management, LLC in 2012, Mr. Reese was the founder and managing director of Peak View Capital LLC, a private investment firm focused on acquisitions in the asset management industry. Until 2010, Mr. Reese was executive managing director and senior vice-president of Wells Fargo Asset Management's Evergreen Investments division, where he was principally responsible for the European Credit Management Ltd. (ECM) investment subsidiary business in North America. Prior to the acquisition of ECM by Wachovia Bank in 2007, and Wachovia's acquisition by Wells Fargo in 2008, Mr. Reese was president of ECM, Inc., the US-based investment business of ECM from 2002, and a partner and member of the board of directors of the parent firm. From 1981 to 2001, Mr. Reese was employed by Merrill Lynch in a variety of capacities, including most recently as managing director in the Global Debt Markets division in New York.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 14.94 5.77 9.42