RMRGX: Highland Resolute Fund - MutualFunds.com
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Highland Resolute I

RMRGX - Snapshot

Vitals

  • YTD Return 8.2%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $159 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$11.63
$9.22
$11.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.90%

SALES FEES

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

BROKERAGE FEES

  • Turnover 104.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Multistrategy

Compare RMRGX to Popular Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$106.42

+0.84%

$1.21 T

-

$0.00

12.36%

0.14%

$218.75

+0.85%

$1.21 T

0.99%

$2.15

12.39%

0.03%

$388.03

+0.71%

$731.30 B

1.40%

$5.39

12.90%

0.03%

$391.12

+0.75%

$731.30 B

-

$0.00

12.84%

0.14%

$21.16

+1.10%

$393.08 B

-

$0.00

9.07%

0.17%

RMRGX - Profile

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Highland Resolute Fund
  • Fund Family Name
    Redmont
  • Inception Date
    Dec 30, 2011
  • Shares Outstanding
    13771457
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Perry Li

Fund Description

The fund pursues its objective primarily by allocating its assets among (i) investment sub-advisers who manage alternative or hedging investment strategies, (ii) other open-end funds, closed-end funds, or exchange-traded funds that use alternative or hedging strategies (collectively "underlying funds"), and (iii) derivatives, principally (though not limited to) total return swaps on reference pools of securities which may be managed by unaffiliated parties ("underlying pools"). It is non-diversified.


RMRGX - Performance

Return Ranking - Trailing

Period RMRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -73.0% 19.4% 11.47%
1 Yr 24.8% -9.1% 86.9% 13.09%
3 Yr 4.5%* -9.5% 16.2% 55.02%
5 Yr 4.8%* -4.9% 14.4% 29.15%
10 Yr N/A* -0.9% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period RMRGX Return Category Return Low Category Return High Rank in Category (%)
2020 5.1% -22.7% 305.1% 24.44%
2019 7.0% -9.8% 27.3% 29.03%
2018 -11.3% -20.8% 10.9% 88.44%
2017 -0.5% -12.4% 29.4% 88.12%
2016 1.6% -10.5% 15.8% 38.22%

Total Return Ranking - Trailing

Period RMRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% -73.0% 19.4% 11.47%
1 Yr 24.8% -13.4% 86.9% 13.09%
3 Yr 4.5%* -9.5% 16.2% 49.40%
5 Yr 4.8%* -5.3% 14.4% 26.46%
10 Yr N/A* -0.9% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period RMRGX Return Category Return Low Category Return High Rank in Category (%)
2020 5.1% -22.7% 305.1% 24.81%
2019 7.0% -9.8% 27.3% 29.44%
2018 -11.3% -20.8% 10.9% 89.78%
2017 -0.5% -8.4% 29.4% 94.55%
2016 1.6% -10.2% 18.0% 49.74%

NAV & Total Return History


RMRGX - Holdings

Concentration Analysis

RMRGX Category Low Category High RMRGX % Rank
Net Assets 159 M 1.5 M 5.01 B 57.56%
Number of Holdings 47 4 4478 82.69%
Net Assets in Top 10 145 M -398 M 2.55 B 32.51%
Weighting of Top 10 N/A 13.1% 100.0% 2.10%

Top 10 Holdings

  1. Vanguard Institutional Index I 25.40%
  2. PIMCO Income Instl 18.81%
  3. Psam Highland 17.40%
  4. Psam Highland 17.40%
  5. Psam Highland 17.40%
  6. Psam Highland 17.40%
  7. Psam Highland 17.40%
  8. Psam Highland 17.40%
  9. Psam Highland 17.40%
  10. Psam Highland 17.40%

Asset Allocation

Weighting Return Low Return High RMRGX % Rank
Stocks
36.30% -3.75% 97.95% 37.81%
Cash
33.48% -6278.21% 410.43% 34.63%
Bonds
28.52% -326.45% 6347.80% 42.40%
Convertible Bonds
1.12% 0.00% 87.92% 24.03%
Other
0.41% -21.53% 148.54% 65.72%
Preferred Stocks
0.17% -0.12% 46.97% 28.62%

Stock Sector Breakdown

Weighting Return Low Return High RMRGX % Rank
Technology
24.14% 0.00% 39.58% 16.14%
Financial Services
13.57% 0.00% 59.28% 56.30%
Healthcare
13.53% 0.00% 45.63% 22.83%
Consumer Cyclical
12.47% 0.00% 29.09% 37.40%
Communication Services
10.78% 0.00% 21.78% 24.02%
Industrials
8.77% 0.00% 21.45% 61.81%
Consumer Defense
6.94% 0.00% 13.62% 37.80%
Utilities
2.74% 0.00% 9.23% 55.12%
Real Estate
2.53% 0.00% 51.26% 50.79%
Basic Materials
2.26% 0.00% 27.46% 77.56%
Energy
2.25% 0.00% 100.00% 48.43%

Stock Geographic Breakdown

Weighting Return Low Return High RMRGX % Rank
US
35.93% -8.85% 91.88% 24.03%
Non US
0.37% -19.62% 42.11% 80.21%

Bond Sector Breakdown

Weighting Return Low Return High RMRGX % Rank
Cash & Equivalents
45.59% 0.27% 100.00% 44.17%
Securitized
19.69% 0.00% 56.83% 15.90%
Government
18.48% 0.00% 84.29% 48.41%
Corporate
9.85% 0.00% 87.73% 47.70%
Derivative
6.28% 0.00% 88.81% 37.10%
Municipal
0.11% 0.00% 27.33% 17.31%

Bond Geographic Breakdown

Weighting Return Low Return High RMRGX % Rank
Non US
14.70% -382.37% 121.02% 16.25%
US
13.82% -126.19% 6311.18% 62.90%

RMRGX - Expenses

Operational Fees

RMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.90% 0.29% 31.15% 51.44%
Management Fee 1.50% 0.00% 2.50% 83.75%
12b-1 Fee N/A 0.00% 1.00% 17.32%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

RMRGX 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% 5.00% N/A

Trading Fees

RMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 27.27%

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.

RMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 104.00% 0.00% 491.00% 42.34%

RMRGX - Distributions

Dividend Yield Analysis

RMRGX Category Low Category High RMRGX % Rank
Dividend Yield 0.00% 0.00% 4.56% 67.84%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RMRGX Category Low Category High RMRGX % Rank
Net Income Ratio 1.89% -2.51% 6.83% 12.59%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

RMRGX - Fund Manager Analysis

Managers

Perry Li


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.83

1.8%

Perry is responsible for trading and assisting with day-to-day management of Parametric’s options-based Volatility Risk Premium Strategies, including Defensive Equity and other proprietary strategies. He has been a guest speaker at the International Association for Quantitative Finance (IAQF) and the University of Minnesota and has served as an instructor and mentor to the University of Minnesota students in financial mathematics. Prior to joining Parametric in 2014, Perry worked for CHS, where he managed commodity futures and options portfolios and conducted research on macro economy and derivative strategies. He earned a BS in statistics from the Sun Yat-Sen University and an MS in financial mathematics from the University of Minnesota Twin Cities. He is a certified FRM®, as well as a CFA charterholder and a member of the CFA Society of Minnesota.

Michael Zaslavsky


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.83

1.8%

Mike is responsible for Parametric’s liquid alternatives strategies, where he focuses on delivering expertise and thought leadership to help clients in all aspects of the investment management process. As a member of the portfolio management team, he’s responsible for driving strategy evolution and research. Mike formerly held a portfolio manager role in which he supported a wide spectrum of Parametric’s institutional capabilities, including the Volatility Risk Premium Strategy, liability-driven investing, and tailored exposure. Prior to joining Parametric in 2015, Mike spent seven years as a proprietary trader for Citigroup, where he specialized in volatility modeling and arbitrage across equity indexes, single stocks, and commodities. He received his BS in finance from Bowling Green State University. Mike is a CFA and CAIA charterholder.

Jay Strohmaier


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.83

1.8%

Jay leads a team of investment professionals responsible for developing and managing institutional portfolios with an emphasis on Defensive Equity, Global Defensive Equity, and related options-based Volatility Risk Premium Strategies. He has extensive experience with futures and options and has been active in the investment industry since 1984. Prior to rejoining the firm in 2009 (originally as an employee of the Clifton Group, which was acquired by Parametric in 2012), Jay worked for Cargill, Peregrine Capital Management, and Advantus Capital Management. He earned a BS degree in agricultural economics from Washington State University and an MS in applied economics from the University of Minnesota. A CFA charterholder, Jay is a member of the CFA Society of Minnesota.

Thomas Lee


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.83

1.8%

Tom is a member of Parametric’s Executive Committee and leads Parametric’s Research, Strategy, Portfolio Management, and Trading Teams, coordinating resources, aligning priorities, and establishing processes for achieving clients’ investment objectives. Tom has coauthored articles on topics ranging from liability-driven investing to the volatility risk premium. He is a voting member of all the firm’s investment committees. Prior to joining Parametric in 1994 (originally as an employee of the Clifton Group, which was acquired by Parametric in 2012), Tom spent two years working for the Board of Governors of the Federal Reserve in Washington, DC. He earned a BS in economics and an MBA in finance from the University of Minnesota. A CFA charterholder, Tom is a member of the CFA Society of Minnesota.

T. Jason Copeland


Start Date

Tenure

Tenure Rank

Dec 01, 2020

0.41

0.4%

Matthew Sampson


Start Date

Tenure

Tenure Rank

Dec 01, 2020

0.41

0.4%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67