Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.6%
1 yr return
12.2%
3 Yr Avg Return
4.6%
5 Yr Avg Return
7.4%
Net Assets
$31.8 M
Holdings in Top 10
65.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.03%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 10.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PSECX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 7.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.10%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal Name1789 Growth and Income Fund
-
Fund Family NamePinnacle Capital Management
-
Inception DateJan 21, 2011
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Tryon
Fund Description
The Fund seeks to achieve its objective by investing primarily in a combination of common stocks and other equity securities (including preferred stocks and warrants), debt securities and convertible securities. The Fund may also invest in other investment companies such as mutual funds and exchange traded funds (“ETFs”) that invest primarily in these same securities. The Fund may also invest in ETFs that hold physical commodities such as gold, silver, and other precious metals. The allocation of the Fund’s investments across asset classes will vary substantially from time to time. The Fund’s investments in each asset class are not subject to limitation and are based upon Pinnacle Capital Management, LLC’s (the “Adviser”) assessment of economic conditions and market factors, including equity price levels, interest rate levels and their anticipated direction. The Adviser will select common stocks by utilizing a fundamental, bottom-up research process intended to identify issuers whose financial fundamentals are expected to improve. While there is no minimum dividend required for any single equity investment, as part of its evaluation process, the Adviser will consider an issuer’s ability to pay a current dividend as well as its ability to increase its dividend payout in the future. The Adviser will select convertible or debt securities using a credit analysis that focuses on income-producing characteristics. Up to 10% of the Fund’s investments at the time of purchase may be in debt securities and convertible securities that are rated below investment grade or unrated and determined to be of similar quality (“high-yield securities” or “junk bonds”). The Fund may invest in issuers of any market capitalization (with a focus on $3 billion and above). The Fund may invest a portion of its assets in non-U.S. securities (including emerging market securities), some of which may be traded domestically in the form of American Depositary Receipts (“ADRs”). The Fund may employ a strategy of writing (selling)
call options on the common stocks it holds; such strategy is intended to enhance the Fund’s total return and reduce overall portfolio risk, though there is no assurance that it will succeed. In addition to equity securities (such as preferred stocks and warrants), the Fund may invest in unregistered or thinly traded securities.
In making the Fund’s fixed income securities investments, the Fund may invest in corporate bonds, debentures and notes, U.S. Government securities, municipal securities, foreign sovereign issued securities, mortgage-backed securities (“MBS”) (including interest only, principal only mortgages and pools the underlying assets of which include, “sub-prime”, negative amortization, no-document or non-performing mortgages, single-family, manufactured housing or commercial properties) and asset-backed securities (“ABS”), commercial paper, loans (including first lien, second lien, senior and mortgages), convertible debt securities, convertible preferred securities, bank debt, ETFs primarily invested in fixed income securities, and mutual funds primarily invested in fixed income securities. The Fund may invest in fixed income securities without regard to maturity.
With respect to the equity portion of the Fund’s portfolio, the Adviser may sell a security when it believes the security no longer fits within the Fund’s portfolio, when the Adviser’s financial forecast for the security deteriorates, when the security’s market price rises substantially above the Adviser’s estimated fair intrinsic value, or when, in the Adviser’s opinion, a more attractive investment opportunity arises to replace the security. With respect to the fixed income portion of the Fund’s portfolio, the Adviser generally purchases fixed income securities with the intent of holding those securities to maturity. Prior to maturity, however, the Adviser may sell a fixed income security if it believes the issuer of the fixed income security will no longer be able to pay interest and/or principal as scheduled or when, in the Adviser’s opinion, a more attractive investment opportunity arises to replace the security. With the exception of selling based upon the uncovering of a more attractive investment opportunity, all sell decisions are intended to reduce downside risk and preserve the Fund’s capital. Selling to take advantage of a more attractive investment opportunity may be intended to achieve long-term capital appreciation and/or preserve the Fund’s capital.
PSECX - Performance
Return Ranking - Trailing
Period | PSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -5.9% | 11.9% | 66.70% |
1 Yr | 12.2% | -8.9% | 30.2% | 65.47% |
3 Yr | 4.6%* | -3.9% | 29.4% | 82.88% |
5 Yr | 7.4%* | -1.6% | 43.0% | 84.34% |
10 Yr | 5.4%* | 1.1% | 24.4% | 96.99% |
* Annualized
Return Ranking - Calendar
Period | PSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.7% | -24.9% | 46.1% | 38.32% |
2022 | -14.6% | -64.7% | 4.6% | 72.60% |
2021 | 23.5% | -44.2% | 57.5% | 14.55% |
2020 | 0.5% | -23.2% | 285.0% | 41.20% |
2019 | 22.5% | -21.4% | 48.5% | 26.35% |
Total Return Ranking - Trailing
Period | PSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -5.9% | 11.9% | 66.70% |
1 Yr | 12.2% | -8.9% | 30.2% | 65.47% |
3 Yr | 4.6%* | -3.9% | 29.4% | 82.88% |
5 Yr | 7.4%* | -1.6% | 43.0% | 84.34% |
10 Yr | 5.4%* | 1.1% | 24.4% | 96.99% |
* Annualized
Total Return Ranking - Calendar
Period | PSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.6% | -15.9% | 46.7% | 53.98% |
2022 | -10.7% | -42.0% | 8.5% | 87.10% |
2021 | 23.5% | 3.6% | 129.7% | 77.40% |
2020 | 0.8% | -22.6% | 304.8% | 71.07% |
2019 | 32.1% | -12.7% | 52.1% | 3.47% |
NAV & Total Return History
PSECX - Holdings
Concentration Analysis
PSECX | Category Low | Category High | PSECX % Rank | |
---|---|---|---|---|
Net Assets | 31.8 M | 1.09 M | 163 B | 92.93% |
Number of Holdings | 19 | 2 | 1689 | 99.48% |
Net Assets in Top 10 | 20.3 M | 420 K | 33.9 B | 87.55% |
Weighting of Top 10 | 65.45% | 4.8% | 99.9% | 1.04% |
Top 10 Holdings
- Fidelity Institutional Money Market Government Portfolio 15.70%
- Kroger Company (The) 6.15%
- Fidelity National Financial, Inc. 5.78%
- Celanese Corporation 5.65%
- Mastercard, Inc. Class A 5.47%
- Home Depot, Inc. (The) 5.45%
- Ingredion, Inc. 5.35%
- Interpublic Group of Companies, Inc. (The) 5.33%
- CME Group, Inc. 5.29%
- Republic Services, Inc. 5.28%
Asset Allocation
Weighting | Return Low | Return High | PSECX % Rank | |
---|---|---|---|---|
Stocks | 84.68% | 1.86% | 108.42% | 98.18% |
Cash | 15.70% | -0.79% | 38.18% | 0.52% |
Preferred Stocks | 0.00% | 0.00% | 13.88% | 89.54% |
Other | 0.00% | -3.53% | 39.72% | 89.63% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 89.51% |
Bonds | 0.00% | -0.71% | 73.23% | 89.37% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PSECX % Rank | |
---|---|---|---|---|
Financial Services | 33.11% | 0.00% | 58.05% | 0.61% |
Industrials | 13.85% | 0.00% | 42.76% | 19.67% |
Consumer Cyclical | 13.09% | 0.00% | 22.74% | 4.53% |
Communication Services | 7.50% | 0.00% | 26.58% | 23.06% |
Consumer Defense | 7.13% | 0.00% | 34.10% | 68.32% |
Healthcare | 6.75% | 0.00% | 30.08% | 97.74% |
Real Estate | 6.52% | 0.00% | 90.54% | 8.79% |
Basic Materials | 6.15% | 0.00% | 21.69% | 10.70% |
Utilities | 5.90% | 0.00% | 27.04% | 28.81% |
Technology | 0.00% | 0.00% | 54.02% | 99.91% |
Energy | 0.00% | 0.00% | 54.00% | 99.39% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PSECX % Rank | |
---|---|---|---|---|
US | 84.68% | 1.86% | 108.42% | 93.95% |
Non US | 0.00% | 0.00% | 27.89% | 90.75% |
PSECX - Expenses
Operational Fees
PSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.03% | 0.03% | 14.82% | 5.46% |
Management Fee | 0.75% | 0.00% | 1.50% | 87.55% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 98.67% |
Administrative Fee | N/A | 0.00% | 0.50% | 90.00% |
Sales Fees
PSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | 1.00% | 0.95% | 5.00% | 93.28% |
Trading Fees
PSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 90.00% |
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.
PSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 10.00% | 0.00% | 488.00% | 5.95% |
PSECX - Distributions
Dividend Yield Analysis
PSECX | Category Low | Category High | PSECX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.81% | 0.00% | 38.10% | 50.65% |
Dividend Distribution Analysis
PSECX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
PSECX | Category Low | Category High | PSECX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.10% | -1.51% | 4.28% | 97.61% |
Capital Gain Distribution Analysis
PSECX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.025 | OrdinaryDividend |
Dec 29, 2023 | $0.316 | OrdinaryDividend |
Oct 02, 2023 | $0.044 | OrdinaryDividend |
Jul 03, 2023 | $0.041 | OrdinaryDividend |
Apr 03, 2023 | $0.033 | OrdinaryDividend |
Dec 30, 2022 | $0.685 | OrdinaryDividend |
Dec 30, 2020 | $0.030 | OrdinaryDividend |
Sep 30, 2020 | $0.006 | OrdinaryDividend |
Jun 30, 2020 | $0.001 | OrdinaryDividend |
Dec 31, 2019 | $0.033 | OrdinaryDividend |
Oct 01, 2019 | $0.021 | OrdinaryDividend |
Jul 01, 2019 | $0.038 | OrdinaryDividend |
Apr 01, 2019 | $0.037 | OrdinaryDividend |
Sep 28, 2018 | $0.013 | OrdinaryDividend |
Jun 29, 2018 | $0.011 | OrdinaryDividend |
Dec 29, 2017 | $0.018 | OrdinaryDividend |
Sep 29, 2017 | $0.021 | OrdinaryDividend |
Jun 30, 2017 | $0.020 | OrdinaryDividend |
Mar 31, 2017 | $0.017 | OrdinaryDividend |
Dec 30, 2016 | $0.012 | OrdinaryDividend |
Jun 30, 2016 | $0.014 | OrdinaryDividend |
Mar 31, 2016 | $0.012 | OrdinaryDividend |
Sep 30, 2015 | $0.018 | OrdinaryDividend |
Jun 30, 2015 | $0.010 | OrdinaryDividend |
Mar 31, 2015 | $0.004 | OrdinaryDividend |
PSECX - Fund Manager Analysis
Managers
Paul Tryon
Start Date
Tenure
Tenure Rank
Dec 22, 2017
4.44
4.4%
Paul A. Tryon, CFA is Senior Portfolio Manager of Pinnacle Capital Management, LLC. Mr. Tryon received a Bachelor of Arts in American Studies from Yale University. Mr. Tryon is a Chartered Financial Analyst (CFA) with almost 20 years of investment management experience. Mr. Tryon previously served as Director of Investments at Emerson Investment Management.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.04 | 16.42 |