Name
As of 10/05/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$13.8 M
Holdings in Top 10
99.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.72%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/05/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PTAAX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.47%
- Dividend Yield 15.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePrinceton Long/Short Treasury Fund
-
Fund Family NameNavigator Funds
-
Inception DateFeb 01, 2017
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Anderson
Fund Description
Under normal circumstances, the Fund will invest at least 80% of its net assets in treasury securities, treasury-related securities or derivatives that provide exposure to treasury securities and treasury money-market funds and exchange-traded funds (“ETFs”). The Fund seeks to achieve its investment objectives primarily through exposure to long and short futures contracts on longer-term US Treasury securities (securities with maturities of 6 years or longer). The Fund may achieve such exposure to US Treasury futures by investing in a commodity pool that invests in such futures contracts or by entering into a swap or option with a counterparty on the returns of the commodity pool. The Fund may invest up to 25% of its total assets in commodity pools.
The Fund’s exposure to long and short US Treasury futures seeks to replicate the returns of the Long/Short US Treasuries Index (the “Index”) created by ProfitScore Capital Management, Inc. (“ProfitScore”). The Index is determined by a directional trading strategy created by ProfitScore which seeks to predict the daily direction of the value of US Treasury markets. The strategy consists of independent models which each analyze different data streams to predict the direction of US Treasury markets. Each model produces a daily positive, negative or neutral signal. The signals from each model are weighted and aggregated to determine a daily positive, negative or neutral signal for the overall model. If the signal is positive, the Fund will have exposure to long US Treasury futures. If the signal is negative, the Fund will have exposure to short US Treasury futures. If the signal is neutral, the Fund will allocate to cash and cash equivalents. While the Fund’s exposure to US Treasury futures is based upon the strategy utilized by the Index, the Fund itself is not an index fund.
The Fund also allocates a portion of its assets to fixed income securities for the purpose of generating income. The Fund may invest directly or indirectly in fixed income securities of any maturity. Such fixed income investments will be rated investment grade by Standard & Poor’s or Moody’s at the time the investment is made. The Fund may invest directly in U.S. Treasury bonds. The Fund may also invest in exchange traded funds (“ETFs”), money market funds or open end mutual funds, including affiliated mutual funds (collectively, “Underlying Funds”) whose principal investment strategy is to invest primarily in investment grade fixed income securities of U.S. issuers of any size, including smaller issuers. To the extent the Fund invests in any affiliated Underlying Funds, it will waive its advisory fee with respect to the portion of the Fund that is invested in any such affiliated fund.
The adviser will consider a variety of factors in determining whether to sell a fixed income investment: changes in market condition, changes in credit quality, changes in prospects for alternative investment possibilities or return opportunities for other fixed income instruments, current return expectation of such security, any changes in interest rates, liquidity of the security, and cash needs of the Fund. If a fixed income investment is downgraded after purchase the adviser may, but is not obligated to, dispose of such investment.
The Fund may engage in frequent trading in executing its principal investment strategies. The Fund is “non-diversified” for purposes of the Investment Company Act of 1940, as amended (the “1940 Act”), which means that the Fund may invest in fewer securities at any one time than a diversified fund.
PTAAX - Performance
Return Ranking - Trailing
Period | PTAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -49.1% | 11.6% | 48.79% |
1 Yr | N/A | -51.9% | 12.8% | 92.17% |
3 Yr | N/A* | -22.8% | 9.7% | 96.35% |
5 Yr | N/A* | -29.5% | 3.0% | 94.70% |
10 Yr | N/A* | -27.4% | 5.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | PTAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.7% | -26.7% | 18.4% | 67.20% |
2022 | -5.0% | -26.6% | 25.7% | 89.34% |
2021 | -0.6% | -49.2% | 18.7% | 68.02% |
2020 | -2.9% | -35.1% | 12.4% | 98.59% |
2019 | -6.0% | -48.0% | 3.4% | 61.55% |
Total Return Ranking - Trailing
Period | PTAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -48.1% | 13.6% | 48.79% |
1 Yr | N/A | -47.3% | 14.1% | 92.17% |
3 Yr | N/A* | -18.9% | 19.8% | 96.35% |
5 Yr | N/A* | -11.2% | 9.6% | 94.70% |
10 Yr | N/A* | -12.3% | 6.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PTAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.7% | -23.0% | 20.8% | 93.61% |
2022 | -5.0% | -7.6% | 50.0% | 97.30% |
2021 | -0.6% | -28.6% | 24.1% | 87.99% |
2020 | -2.8% | -4.8% | 18.6% | 99.65% |
2019 | -6.0% | -37.3% | 8.0% | 95.34% |
NAV & Total Return History
PTAAX - Holdings
Concentration Analysis
PTAAX | Category Low | Category High | PTAAX % Rank | |
---|---|---|---|---|
Net Assets | 13.8 M | 1.44 M | 119 B | 98.55% |
Number of Holdings | 4 | 2 | 8175 | 99.15% |
Net Assets in Top 10 | 14.1 M | -1.57 B | 20.5 B | 90.33% |
Weighting of Top 10 | 99.90% | 4.3% | 105.0% | 5.06% |
Top 10 Holdings
- NOMURA CALL OPT 8.21.23 28.61%
- B 08/24/23 28.09%
- B 08/31/23 28.06%
- FRST AM-GV OB-X 15.14%
Asset Allocation
Weighting | Return Low | Return High | PTAAX % Rank | |
---|---|---|---|---|
Bonds | 56.15% | -150.81% | 180.51% | 83.36% |
Cash | 15.25% | -261.12% | 258.91% | 14.51% |
Stocks | 0.00% | -38.22% | 261.12% | 89.05% |
Preferred Stocks | 0.00% | 0.00% | 13.21% | 81.08% |
Other | 0.00% | -25.82% | 276.99% | 78.52% |
Convertible Bonds | 0.00% | 0.00% | 33.50% | 94.31% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PTAAX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 15.14% | 0.00% | 100.00% | 11.70% |
Derivative | 0.00% | -0.52% | 72.98% | 48.07% |
Securitized | 0.00% | 0.00% | 99.65% | 97.65% |
Corporate | 0.00% | 0.00% | 97.25% | 98.53% |
Municipal | 0.00% | 0.00% | 54.26% | 77.86% |
Government | 0.00% | 0.00% | 99.43% | 94.72% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PTAAX % Rank | |
---|---|---|---|---|
US | 56.15% | -151.11% | 194.51% | 69.70% |
Non US | 0.00% | -136.75% | 104.82% | 87.91% |
PTAAX - Expenses
Operational Fees
PTAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.72% | 0.01% | 26.65% | 8.24% |
Management Fee | 1.00% | 0.00% | 2.29% | 85.31% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.75% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
PTAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 0.00% | 5.75% | 6.92% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PTAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
PTAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 632.00% | 0.86% |
PTAAX - Distributions
Dividend Yield Analysis
PTAAX | Category Low | Category High | PTAAX % Rank | |
---|---|---|---|---|
Dividend Yield | 15.49% | 0.00% | 18.30% | 95.49% |
Dividend Distribution Analysis
PTAAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Annually |
Net Income Ratio Analysis
PTAAX | Category Low | Category High | PTAAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.47% | -1.55% | 11.51% | 99.86% |
Capital Gain Distribution Analysis
PTAAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
PTAAX - Fund Manager Analysis
Managers
Greg Anderson
Start Date
Tenure
Tenure Rank
Feb 01, 2017
5.33
5.3%
Greg Anderson, Manager and Chief Investment Officer of Princeton. Prior to founding Princeton Fund Advisors, LLC in 2011 and certain affiliates, including Mount Yale Capital Group, LLC in 2003 and Mount Yale Asset Management in 1999, Mr. Anderson was a Senior Vice President and Managing Director of Investment Manager Search, Evaluation, and Due Diligence at Portfolio Management Consultants, Inc. Mr. Anderson was previously employed with Deloitte & Touche where he specialized in the areas of estate planning, health care and non-profit organizations, and tax and personal finance planning for high net worth individuals. Mr. Anderson holds a B.A. degree from Hamline University in Minnesota and a J.D. from the University of Minnesota School of Law. Mr. Anderson is a Certified Public Accountant (inactive).
John Sabre
Start Date
Tenure
Tenure Rank
Feb 01, 2017
5.33
5.3%
John L. Sabre is a Manager and Chief Executive Officer of Princeton. Prior to founding Princeton Fund Advisors, LLC in 2011 and certain affiliates, including Mount Yale Capital Group, LLC in 2003 and Mount Yale Asset Management in 1999, Mr. Sabre was a Senior Managing Director at Bear Stearns & Co. and Head of the Mezzanine Capital Group. Mr. Sabre previously served as President of First Dominion Capital, which managed $3.0 billion of assets and is now owned by Credit Suisse First Boston. Prior to his position at First Dominion Capital, Mr. Sabre was a Managing Director and founding partner of Indosuez Capital, the merchant banking division of Credit Agricole Indosuez. Mr. Sabre holds a B.S. degree from the Carlson School at the University of Minnesota and an M.B.A. degree from the Wharton School at the University of Pennsylvania.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.66 | 3.19 |