SAPEX: Spectrum Advisors Preferred Investor

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SAPEX Spectrum Advisors Preferred Investor


Profile

SAPEX - Profile

Vitals

  • YTD Return 8.6%
  • 3 Yr Annualized Return 10.0%
  • 5 Yr Annualized Return 7.6%
  • Net Assets $13.4 M
  • Holdings in Top 10 39.3%

52 WEEK LOW AND HIGH

$27.94
$21.00
$28.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.83%

SALES FEES

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

BROKERAGE FEES

  • Turnover 360.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Tactical Allocation

Distributions

  • YTD Total Return 8.6%
  • 3 Yr Annualized Total Return 10.0%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Spectrum Advisors Preferred Fund
  • Fund Family Name
    Advisors Preferred
  • Inception Date
    Jun 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ralph Doudera

Fund Description

The fund's adviser delegates execution of the fund's investment strategy to a sub-adviser. The sub-adviser seeks to fulfill the fund's investment objective by using proprietary signals to evaluate security market conditions. In favorable conditions, the sub-adviser focuses on equities and may employ leverage in especially favorable conditions. In unfavorable conditions, the sub-adviser emphasizes capital preservation by increasing the fund's allocation to cash equivalents, fixed income securities, reducing leverage, and hedging.


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Categories

Performance

SAPEX - Performance

Return Ranking - Trailing

Period SAPEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -23.2% 45.0% 5.37%
1 Yr 18.2% -22.0% 70.9% 4.05%
3 Yr 10.0%* -11.7% 10.0% 0.74%
5 Yr 7.6%* -11.2% 7.6% 0.93%
10 Yr N/A* -3.4% 2.9% N/A

* Annualized

Return Ranking - Calendar

Period SAPEX Return Category Return Low Category Return High Rank in Category (%)
2019 26.6% -21.7% 26.6% 0.68%
2018 -7.2% -28.0% 0.2% 18.05%
2017 10.3% -11.6% 22.0% 36.22%
2016 8.4% -14.9% 16.0% 17.50%
2015 N/A -87.3% -0.8% N/A

Total Return Ranking - Trailing

Period SAPEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -23.2% 45.0% 5.37%
1 Yr 18.2% -22.0% 70.9% 4.05%
3 Yr 10.0%* -11.7% 10.0% 0.74%
5 Yr 7.6%* -10.6% 8.1% 1.87%
10 Yr N/A* -3.2% 6.3% N/A

* Annualized

Total Return Ranking - Calendar

Period SAPEX Return Category Return Low Category Return High Rank in Category (%)
2019 26.6% -21.7% 26.6% 0.68%
2018 -7.2% -28.0% 1.1% 39.85%
2017 10.3% -5.4% 22.0% 76.38%
2016 8.4% -14.9% 19.7% 20.83%
2015 N/A -87.3% 1.8% N/A

NAV & Total Return History


Holdings

SAPEX - Holdings

Concentration Analysis

SAPEX Category Low Category High SAPEX % Rank
Net Assets 13.4 M 871 K 15.2 B 85.91%
Number of Holdings 22 1 1814 56.74%
Net Assets in Top 10 4.27 M 0 10.3 B 95.74%
Weighting of Top 10 39.32% 0.0% 99.7% 86.36%

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corp Bd ETF 7.81%
  2. iShares iBoxx $ Invmt Grade Corp Bd ETF 7.74%
  3. Recv Automatic Data 3.14%
  4. Recv Ansys Inc 3.03%
  5. Microsoft Corp 2.99%
  6. Nvidia Corp 2.96%
  7. Recv Qualcomm Inc 2.92%
  8. Recv Kla Corp 2.92%
  9. Recv Intel Corp 2.91%
  10. Recv Adobe Inc 2.90%

Asset Allocation

Weighting Return Low Return High SAPEX % Rank
Cash
49.95% -35.43% 100.00% 4.96%
Other
34.83% -3.81% 67.56% 2.84%
Bonds
14.95% -22.52% 79.22% 83.89%
Convertible Bonds
0.26% 0.00% 6.22% 51.77%
Stocks
0.00% -0.01% 73.63% 97.32%
Preferred Stocks
0.00% 0.00% 17.05% 77.30%

Bond Sector Breakdown

Weighting Return Low Return High SAPEX % Rank
Cash & Equivalents
85.76% 1.71% 100.00% 8.51%
Corporate
14.22% 0.00% 96.81% 51.06%
Government
0.01% 0.00% 95.91% 91.49%
Derivative
0.00% 0.00% 74.33% 80.14%
Securitized
0.00% 0.00% 48.69% 88.65%
Municipal
0.00% 0.00% 14.15% 86.52%

Bond Geographic Breakdown

Weighting Return Low Return High SAPEX % Rank
US
12.81% -227.47% 79.22% 82.98%
Non US
2.14% 0.00% 225.03% 68.79%

Expenses

SAPEX - Expenses

Operational Fees

SAPEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.83% 0.00% 5.31% 37.84%
Management Fee 1.50% 0.15% 1.50% 100.00%
12b-1 Fee N/A 0.00% 1.00% 17.53%
Administrative Fee N/A 0.03% 0.70% N/A

Sales Fees

SAPEX 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

SAPEX 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.

SAPEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 360.00% 2.69% 474.00% 95.74%

Distributions

SAPEX - Distributions

Dividend Yield Analysis

SAPEX Category Low Category High SAPEX % Rank
Dividend Yield 0.00% 0.00% 6.84% 71.14%

Dividend Distribution Analysis

SAPEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

SAPEX Category Low Category High SAPEX % Rank
Net Income Ratio 0.08% -1.48% 5.27% 86.49%

Capital Gain Distribution Analysis

SAPEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Daily Annually

Dividend Payout History

View More +

Fund Manager Analysis

SAPEX - Fund Manager Analysis

Managers

Ralph Doudera


Start Date

Tenure

Tenure Rank

Jun 01, 2015

5.17

5.2%

Ralph Doudera is the CEO of Spectrum Financial, Inc., a Registered Investment Advisory firm that is responsible for investing hundreds of millions of dollars of client assets. Over the past 25 years Spectrum’s investment and trading philosophy has strived to consistently provide above average investment returns while minimizing downside losses. He is also an investment strategist to Hundredfold Advisors, managing two mutual funds. Mr. Doudera has a Bachelor’s Degree in Mechanical Engineering and a Master’s Degree in Management and Finance from New Jersey Institute of Technology. He has also received a Master’s Degree in Biblical Studies from Regent University. He founded Simply Distribute Foundation, which contributes to organizations promoting microfinance, supporting third world children hospitals, building orphanages and churches, and evangelism. He believes this is the best way to make positive changes in this world. Ralph has five grown children, two stepdaughters, and eight grandchildren. His activities are diverse, from auto racing to composing music and playing the piano on his Church worship team. He also enjoys surfing in Costa Rica where he currently owns the beachfront Casa Cecilia Hotel in St. Teresa, Costa Rica. His first book, Wealth Conundrum, is now in its third printing, and it addresses the puzzles of wealth from a Biblical perspective. It is also available in Korean, and Arabic versions.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 29.6 5.37 3.83