SEMOX: Semper MBS Total Return A

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SEMOX Semper MBS Total Return A


Profile

SEMOX - Profile

Vitals

  • YTD Return -16.6%
  • 3 Yr Annualized Return -6.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.25 B
  • Holdings in Top 10 16.9%

52 WEEK LOW AND HIGH

$8.70
$7.88
$10.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 118.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return -16.6%
  • 3 Yr Annualized Total Return -6.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Semper MBS Total Return Fund
  • Fund Family Name
    Semper
  • Inception Date
    Dec 18, 2015
  • Shares Outstanding
    1581772
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Mandel

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities ("MBS"). The weighted average maturity of the fund's MBS investments will generally range from between 1 and 10 years and the fund may invest without limit in MBS that are rated below investment grade (i.e., "high yield" or "junk" ratings).


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Categories

Performance

SEMOX - Performance

Return Ranking - Trailing

Period SEMOX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.6% -22.9% 10.9% 98.19%
1 Yr -17.1% -23.4% 9.7% 98.15%
3 Yr -6.5%* -12.8% 4.8% 97.38%
5 Yr N/A* -6.7% 3.1% 2.84%
10 Yr N/A* -4.4% 2.4% N/A

* Annualized

Return Ranking - Calendar

Period SEMOX Return Category Return Low Category Return High Rank in Category (%)
2019 -0.2% -7.4% 12.4% 81.76%
2018 -1.9% -9.5% 3.1% 13.04%
2017 0.8% -12.3% 9.4% 53.28%
2016 -2.8% -2.8% 10.7% 99.59%
2015 N/A -11.1% 4.8% N/A

Total Return Ranking - Trailing

Period SEMOX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.6% -22.9% 10.9% 98.19%
1 Yr -17.1% -23.4% 9.7% 98.15%
3 Yr -6.5%* -9.7% 4.5% 97.75%
5 Yr N/A* -4.6% 5.3% 11.85%
10 Yr N/A* -4.4% 4.7% N/A

* Annualized

Total Return Ranking - Calendar

Period SEMOX Return Category Return Low Category Return High Rank in Category (%)
2019 -0.2% -7.0% 12.6% 81.76%
2018 -1.9% -9.2% 8.0% 34.78%
2017 0.8% -3.1% 15.2% 71.43%
2016 -2.8% -2.8% 17.7% 99.59%
2015 N/A -10.1% 5.4% N/A

NAV & Total Return History


Holdings

SEMOX - Holdings

Concentration Analysis

SEMOX Category Low Category High SEMOX % Rank
Net Assets 1.25 B 10.3 K 31.4 B 31.65%
Number of Holdings 341 1 4656 41.85%
Net Assets in Top 10 200 M -3.21 B 7.79 B 32.31%
Weighting of Top 10 16.93% 5.4% 866.9% 84.72%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High SEMOX % Rank
Bonds
100.44% -2367.93% 206.87% 13.54%
Convertible Bonds
0.05% -1.28% 136.57% 64.92%
Stocks
0.00% -35.76% 392.18% 72.31%
Preferred Stocks
0.00% 0.00% 21.63% 72.92%
Other
0.00% -14.56% 100.00% 73.85%
Cash
-0.50% -417.73% 2217.71% 85.54%

Bond Sector Breakdown

Weighting Return Low Return High SEMOX % Rank
Securitized
98.57% 0.00% 98.57% 0.62%
Corporate
1.28% 0.00% 100.00% 82.15%
Government
0.16% -7.42% 398.07% 85.85%
Derivative
0.00% -238.73% 73.72% 80.62%
Cash & Equivalents
0.00% -103.66% 100.00% 99.08%
Municipal
0.00% 0.00% 80.02% 73.23%

Bond Geographic Breakdown

Weighting Return Low Return High SEMOX % Rank
US
96.54% -136.19% 252.28% 7.38%
Non US
3.90% -2231.74% 183.34% 74.77%

Expenses

SEMOX - Expenses

Operational Fees

SEMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.31% 14.11% 68.14%
Management Fee 0.59% 0.00% 2.15% 41.84%
12b-1 Fee 0.25% 0.00% 1.00% 40.80%
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

SEMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 0.00% 6.50% 93.24%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SEMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

SEMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 118.00% 2.00% 532.00% 54.39%

Distributions

SEMOX - Distributions

Dividend Yield Analysis

SEMOX Category Low Category High SEMOX % Rank
Dividend Yield 0.00% 0.00% 4.68% 61.13%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SEMOX Category Low Category High SEMOX % Rank
Net Income Ratio 4.38% -0.23% 6.94% 20.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SEMOX - Fund Manager Analysis

Managers

Thomas Mandel


Start Date

Tenure

Tenure Rank

Jan 13, 2015

5.47

5.5%

Thomas Mandel, CFA and Senior Managing Director, co-founded Semper Capital Management in 1992 and was Chief Investment Officer from from 1992-2005. He remains a senior member of the investment team as well as having primary responsibility for client interface with respect to our investment strategies. Tom serves on the Risk Management Committee. Prior to founding Semper Capital, Tom served as a Principal and Fixed Income Portfolio Manager at 1838 Investment Advisors. He previously served as a Senior Vice President and Portfolio Manager at Century Institutional Advisors. Tom began his career as a Portfolio Manager and Credit Analyst at Chase Investors Management Corp. Tom earned an MBA and a BS from the Wharton School, University of Pennsylvania.

Neil Aggarwal


Start Date

Tenure

Tenure Rank

Nov 30, 2018

1.58

1.6%

Mr. Aggarwal is Head of Trading at Semper Capital Management LP with primary responsibility as a portfolio manager and managing the firm's Absolute Return strategy. Prior to joining Semper in 2017, Mr. Aggarwal was the Mortgage Credit Sector Head and Senior Trader at BlueCrest Capital Management, LLP ("BlueCrest"). Prior to BlueCrest, Mr. Aggarwal was Senior Vice President in Mortgages at Jefferies & Company. Mr. Aggarwal earned a B.S. with honors from the University of Maryland.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.52 5.7 1.93