SAFFX: Hedeker Strategic Appreciation Instl

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SAFFX Hedeker Strategic Appreciation Instl


Profile

SAFFX - Profile

Vitals

  • YTD Return -1.9%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $62.2 M
  • Holdings in Top 10 41.9%

52 WEEK LOW AND HIGH

$24.40
$19.72
$25.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.41%

SALES FEES

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

BROKERAGE FEES

  • Turnover 121.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -1.9%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hedeker Strategic Appreciation Fund
  • Fund Family Name
    Hedeker Wealth
  • Inception Date
    Dec 21, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ryan Casaquite

Fund Description

Under normal circumstances, the fund seeks to invest its assets (plus borrowings for investment purposes) primarily in U.S. and foreign convertible securities. All such securities will generally be U.S. dollar denominated convertible securities. Convertible securities are hybrid securities that combine the investment characteristics of bonds and common stocks. The fund may also invest a significant portion of its total assets in cash or cash equivalents, such as money market instruments, if the adviser is unable to find attractive investment opportunities.


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Categories

Performance

SAFFX - Performance

Return Ranking - Trailing

Period SAFFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -30.3% 33.5% 66.25%
1 Yr -1.1% -30.8% 30.4% 68.59%
3 Yr -1.5%* -13.4% 11.7% 82.73%
5 Yr N/A* -8.4% 9.9% N/A
10 Yr N/A* -5.2% 8.9% N/A

* Annualized

Return Ranking - Calendar

Period SAFFX Return Category Return Low Category Return High Rank in Category (%)
2019 8.4% -8.6% 24.4% 91.61%
2018 -7.2% -15.4% -2.5% 21.43%
2017 -1.0% -7.8% 15.4% 89.71%
2016 N/A -4.1% 14.2% N/A
2015 N/A -26.1% 2.5% N/A

Total Return Ranking - Trailing

Period SAFFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -30.3% 33.5% 66.25%
1 Yr -1.1% -30.8% 30.4% 68.59%
3 Yr -1.5%* -10.5% 17.0% 82.73%
5 Yr N/A* -5.8% 13.5% N/A
10 Yr N/A* -5.2% 11.9% N/A

* Annualized

Total Return Ranking - Calendar

Period SAFFX Return Category Return Low Category Return High Rank in Category (%)
2019 8.4% -8.6% 24.4% 91.61%
2018 -7.2% -15.4% 4.5% 48.57%
2017 -1.0% -1.0% 18.4% 100.00%
2016 N/A -4.1% 20.1% N/A
2015 N/A -26.1% 6.2% N/A

NAV & Total Return History


Holdings

SAFFX - Holdings

Concentration Analysis

SAFFX Category Low Category High SAFFX % Rank
Net Assets 62.2 M 196 K 9.94 B 88.41%
Number of Holdings 49 38 373 98.17%
Net Assets in Top 10 25.4 M -276 M 1.01 B 80.49%
Weighting of Top 10 41.94% 10.4% 72.4% 3.66%

Top 10 Holdings

  1. Fidelity® Inv MM Fds Government Instl 15.79%
  2. NextEra Energy Inc Unit (4.872% Equity Units Due 09/01/2022) 3.65%
  3. Akamai Technologies, Inc. 0.12% 3.23%
  4. Gossamer Bio Inc 5% 3.15%
  5. Neogenomics Inc 1.25% 3.13%
  6. Square Inc 0.5% 2.95%
  7. II-VI Incorporated 0.25% 2.63%
  8. Rapid7 Incorporation 1.25% 2.52%
  9. Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 2.48%
  10. Repligen Corporation 0.38% 2.41%

Asset Allocation

Weighting Return Low Return High SAFFX % Rank
Convertible Bonds
72.12% 0.00% 108.22% 42.07%
Cash
15.79% -6.08% 15.79% 0.61%
Preferred Stocks
6.17% 0.00% 77.66% 86.59%
Stocks
5.92% -0.82% 47.79% 39.02%
Other
0.00% 0.00% 15.69% 70.73%
Bonds
0.00% -14.80% 70.12% 70.12%

Stock Sector Breakdown

Weighting Return Low Return High SAFFX % Rank
Utilities
74.47% 0.00% 100.00% 15.04%
Basic Materials
25.53% 0.00% 25.53% 0.75%
Technology
0.00% 0.00% 32.10% 56.39%
Real Estate
0.00% 0.00% 100.00% 51.88%
Industrials
0.00% 0.00% 99.90% 78.20%
Healthcare
0.00% 0.00% 33.70% 69.17%
Financial Services
0.00% 0.00% 100.00% 68.42%
Energy
0.00% 0.00% 29.20% 54.14%
Communication Services
0.00% 0.00% 14.18% 55.64%
Consumer Defense
0.00% 0.00% 9.44% 51.13%
Consumer Cyclical
0.00% 0.00% 14.27% 42.86%

Stock Geographic Breakdown

Weighting Return Low Return High SAFFX % Rank
US
5.92% -0.82% 43.86% 32.32%
Non US
0.00% 0.00% 4.05% 62.80%

Expenses

SAFFX - Expenses

Operational Fees

SAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.41% 0.41% 94.07% 49.69%
Management Fee 1.00% 0.00% 1.42% 93.87%
12b-1 Fee N/A 0.00% 1.00% 7.14%
Administrative Fee N/A 0.01% 0.55% 61.22%

Sales Fees

SAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

SAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 121.00% 5.00% 175.00% 81.10%

Distributions

SAFFX - Distributions

Dividend Yield Analysis

SAFFX Category Low Category High SAFFX % Rank
Dividend Yield 0.00% 0.00% 6.47% 37.80%

Dividend Distribution Analysis

SAFFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

SAFFX Category Low Category High SAFFX % Rank
Net Income Ratio 0.90% -0.26% 9.30% 84.28%

Capital Gain Distribution Analysis

SAFFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

SAFFX - Fund Manager Analysis

Managers

Ryan Casaquite


Start Date

Tenure

Tenure Rank

Jul 02, 2019

1.17

1.2%

Ryan Casaquite has served as Senior Trader and Research Analyst for Hedeker Wealth LLC since July 2, 2018. Mr. Casaquite has over 17 years of experience in convertible bonds, equities, derivatives, corporate bonds, and fixed-rate and auction-rate securities. Prior to joining Hedeker Wealth , Mr. Casaquite worked at BMO Capital Markets as an Associate from February 2016 to June 2018. Previously, Mr. Casaquite served as a Portfolio Manager of convertible arbitrage strategies and Senior Trader for Zazove Associates LLC from August 2009 to December 2015. Prior to Zazove Associates, LLC, Mr. Casaquite served as Portfolio Manager and Senior Trader of a convertible arbitrage hedge fund at Grace Brothers Management LLC from September 2001 to June 2009. Mr. Casaquite holds a Bachelor’s of Science Degree in finance and management information systems from Loyola University Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 35.22 9.51 9.67