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Trending ETFs

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.03

$107 M

1.49%

$0.15

1.48%

Vitals

YTD Return

19.2%

1 yr return

17.6%

3 Yr Avg Return

-7.9%

5 Yr Avg Return

0.6%

Net Assets

$107 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 300.02%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.03

$107 M

1.49%

$0.15

1.48%

SMIFX - Profile

Distributions

  • YTD Total Return 19.2%
  • 3 Yr Annualized Total Return -7.9%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.09%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Sound Mind Investing Fund
  • Fund Family Name
    SMI Funds
  • Inception Date
    Jan 25, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Biller

Fund Description

The SMI Fund seeks to achieve its objective by investing in a diversified portfolio of other investment companies using a “Stock Upgrading” strategy. This strategy is a systematic investment approach that is based on the belief of SMI Advisory Services, LLC (the “Advisor”), the SMI Fund’s adviser, that superior returns can be obtained by constantly monitoring the performance of a wide universe of other investment companies, and standing ready to move assets into funds deemed by the Advisor to be most attractive at the time of analysis. So long as the other investment companies have a track record of at least 12 months, they may be monitored by the Advisor as a potential investment. This upgrading process strives to keep assets invested in funds that are demonstrating superior current performance (meaning the prior 12 months) relative to their peers as determined by a combination of size and investment style criteria.

The SMI Fund primarily invests in the following types of funds: open-end equity mutual funds, exchange-traded funds (“ETFs”), and publicly traded partnerships (“PTPs”) (collectively, “Underlying Funds”) using its Stock Upgrading strategy. Generally, Underlying Funds with the highest momentum scores are chosen. Underlying Funds that do not have the highest momentum scores may not outperform and could, in fact, lose money. These Underlying Funds may, in turn, invest in a broad range of equity securities, including foreign securities and securities of issuers located in emerging markets. Underlying Funds also may invest in other investments, including but not limited to, commodities, fixed income securities of any maturity or credit quality, including high-yield, high-risk debt securities (junk bonds), and they may engage in derivative transactions. The Underlying Funds are typically categorized into the following seven “risk categories”: Large Value, Large Growth, Small Value, Small Growth, International, Commodities, and Non-Diversified (which includes concentrated and other higher-risk funds that are not normally included in the six other risk categories). Target allocations for each of the seven risk categories are monitored continuously and can shift based on relative performance, and holdings for each of the seven risk categories can range from 0% - 66% of the overall Stock Upgrading portfolio. The Stock Upgrading strategy also incorporates defensive protocols and may occasionally shift part or all of the portfolio holdings out of equity funds or commodities and into holdings focused on fixed income and/or cash based on the Advisor’s proprietary indicators.

Additionally, the SMI Fund may also invest in one or more ETFs that employ momentum and trend-based investing strategies, whose managers are affiliated with the SMI Fund. Such investments will be exempted from the 12 months track record requirement discussed above and will be made in accordance with the Investment Company Act of 1940 (the “1940 Act”).

The SMI Fund indirectly will bear its proportionate share of all management fees and other expenses of the Underlying Funds in which it invests. Therefore, the SMI Fund will incur higher expenses than other mutual funds that invest directly in securities. Actual expenses are expected to vary with changes in the allocation of the SMI Fund’s assets among the various Underlying Funds in which it invests.

The Advisor is under common control with the publisher of the Sound Mind Investing Newsletter (the “Newsletter”), a monthly financial publication that recommends a Stock Upgrading strategy similar to the strategy utilized by the SMI Fund. Although Underlying Funds purchased by the SMI Fund generally will be highly ranked in the Newsletter, the SMI Fund may also invest in funds not included in the Newsletter, including Underlying Funds not available to the general public but available only to institutional investors.

It should be noted that, even though the Advisor’s upgrading process ranks Underlying Funds primarily on the basis of performance, past performance is no guarantee of future performance.

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SMIFX - Performance

Return Ranking - Trailing

Period SMIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.2% 1.5% 21.5% 19.13%
1 Yr 17.6% 2.5% 23.1% 30.60%
3 Yr -7.9%* -7.3% 7.6% 100.00%
5 Yr 0.6%* 0.4% 14.1% 100.00%
10 Yr 3.2%* 1.2% 11.8% 97.54%

* Annualized

Return Ranking - Calendar

Period SMIFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -6.6% 33.6% 97.27%
2022 -9.8% -44.4% -9.8% 0.55%
2021 -24.1% -24.1% 18.9% 100.00%
2020 20.8% -10.9% 60.4% 13.50%
2019 18.7% 5.9% 36.4% 50.97%

Total Return Ranking - Trailing

Period SMIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.2% 1.5% 21.5% 19.13%
1 Yr 17.6% 2.5% 23.1% 30.60%
3 Yr -7.9%* -7.3% 7.6% 100.00%
5 Yr 0.6%* 0.4% 14.1% 100.00%
10 Yr 3.2%* 1.2% 11.8% 97.54%

* Annualized

Total Return Ranking - Calendar

Period SMIFX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% 1.4% 34.9% 97.81%
2022 -8.9% -43.2% -3.8% 4.42%
2021 -24.1% -24.1% 26.7% 100.00%
2020 20.8% -5.3% 62.8% 24.54%
2019 50.3% 12.4% 52.6% 1.29%

NAV & Total Return History


SMIFX - Holdings

Concentration Analysis

SMIFX Category Low Category High SMIFX % Rank
Net Assets 107 M 10.9 M 130 B 86.89%
Number of Holdings 41 5 8145 21.31%
Net Assets in Top 10 108 M 7.75 M 26.1 B 84.70%
Weighting of Top 10 99.98% 20.0% 106.4% 19.13%

Top 10 Holdings

  1. SMI 3Fourteen Full-Cycle Trend ETF 50.52%
  2. Hennessey Cornerstone Mid Cap 30 Fund 10.37%
  3. iShares Russell 2000 Value ETF 9.24%
  4. Fidelty Blue Chip Growth ETF 8.13%
  5. iShares Russell 1000 Growth ETF 7.26%
  6. Invesco SP 500 Momentum ETF 4.77%
  7. HENNESSY CORNERSTONE GROWTH FUND 4.70%
  8. Alpha Architect US Quantitative Momentum ETF 3.60%
  9. Needham Growth Fund 0.91%
  10. Fidelity Investments Money Market Funds - Government Portfolio 0.48%

Asset Allocation

Weighting Return Low Return High SMIFX % Rank
Stocks
99.61% 0.00% 100.04% 32.24%
Cash
0.48% 0.00% 15.20% 53.01%
Preferred Stocks
0.00% 0.00% 4.55% 90.16%
Other
0.00% -57.83% 9.83% 79.23%
Convertible Bonds
0.00% 0.00% 3.88% 96.17%
Bonds
0.00% 0.00% 170.81% 90.71%

Stock Sector Breakdown

Weighting Return Low Return High SMIFX % Rank
Energy
31.98% 0.00% 31.98% 0.55%
Financial Services
12.35% 9.56% 42.24% 82.97%
Healthcare
9.45% 2.06% 19.02% 97.25%
Basic Materials
8.62% 0.00% 8.62% 0.55%
Industrials
7.88% 1.80% 14.87% 92.86%
Consumer Defense
6.86% 0.47% 14.80% 44.51%
Technology
6.49% 1.75% 32.38% 98.35%
Consumer Cyclical
4.87% 1.15% 24.72% 98.35%
Communication Services
4.40% 1.90% 13.69% 96.70%
Utilities
3.56% 0.00% 15.29% 14.29%
Real Estate
3.54% 0.00% 28.04% 47.25%

Stock Geographic Breakdown

Weighting Return Low Return High SMIFX % Rank
US
99.61% 0.00% 100.04% 32.24%
Non US
0.00% 0.00% 32.92% 89.62%

SMIFX - Expenses

Operational Fees

SMIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.48% 0.23% 3.92% 24.04%
Management Fee 1.00% 0.00% 1.30% 97.27%
12b-1 Fee 0.00% 0.00% 1.00% 11.86%
Administrative Fee N/A 0.01% 0.28% 4.74%

Sales Fees

SMIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SMIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 52.38%

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.

SMIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 300.02% 0.18% 300.02% 100.00%

SMIFX - Distributions

Dividend Yield Analysis

SMIFX Category Low Category High SMIFX % Rank
Dividend Yield 1.49% 0.00% 8.81% 38.80%

Dividend Distribution Analysis

SMIFX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

SMIFX Category Low Category High SMIFX % Rank
Net Income Ratio -0.09% -0.65% 5.31% 82.78%

Capital Gain Distribution Analysis

SMIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

SMIFX - Fund Manager Analysis

Managers

Mark Biller


Start Date

Tenure

Tenure Rank

Dec 02, 2005

16.5

16.5%

Mark Biller has served as senior portfolio manager of the entire family of SMI Funds since their creation in 2005. He played a key role in the design and creation of the Sector Rotation, Dynamic Allocation, and Bond Upgrading strategies followed by the various SMI Funds. As senior portfolio manager, Mr. Biller has ultimate decision-making authority regarding all portfolio decisions and trading practices of the Sound Mind Investing Funds. His duties involve researching and selecting the underlying funds in which the Funds invest, upgrading the Funds’ investments in underlying funds and determining the overall allocation among style categories. In addition to his duties at the Advisor, Mr. Biller has been the Executive Editor of the Sound Mind Investing newsletter and online business for over 15 years. Mr. Biller’s writings on a broad range of financial and investment topics have been featured in a variety of national print and electronic media, and he has also appeared as a financial commentator for various national and local radio programs. The Sound Mind Investing newsletter was first published in 1990 and currently has many thousands of subscribers. Since it was first published over 30 years ago, the newsletter has provided recommendations to tens of thousands of subscribers using a variety of investment strategies, including the Stock Upgrading, Dynamic Asset Allocation, Bond Upgrading and Sector Rotation strategies that are used by the Funds. Mr. Biller earned his B.S. in Finance from Oral Roberts University.

Eric Collier


Start Date

Tenure

Tenure Rank

Dec 02, 2005

16.5

16.5%

Eric Collier, CFA, is a Portfolio Manager responsible for researching and selecting each Fund’s investments, determining overall allocation among style categories, and trading, subject to the ultimate decision-making authority of the Senior Portfolio Manager. Mr. Collier has been a portfolio manager of the Smi Advisory Services, LLC. In addition to his duties at SMI, Mr. Collier is a co-founder of Omnium Investment Company, LLC. At Omnium, he conducts analytical and quantitative research, and risk management. Prior to co-founding Omnium, Mr. Collier worked at Oxford Group, Ltd, a fee-only financial services firm. At Oxford Group, Mr. Collier provided investment advice to several high net-worth individuals concentrating on investment and financial planning strategies. Prior to that Mr. Collier was an Investment Analyst and Registered Investment Adviser Representative for Webb Financial Advisers, an investment advisery firm, from 1997 to 2000, where he was responsible for due diligence and manager selection. Mr. Collier graduated from Indiana University with a B.S. in Finance in 1998. He also studied at the University of Maastricht in the Netherlands through the International Business Program at Indiana University. He has received the Chartered Financial Analyst (“CFA”) designation, and he is a member of the CFA Institute (formerly the Association for Investment Management and Research (“AIMR”)) and a member of the Investment Management Association of Indianapolis.

Anthony Ayers


Start Date

Tenure

Tenure Rank

Dec 02, 2005

16.5

16.5%

Mr. Ayers is a Co-Portfolio Manager responsible for researching and selecting each Fund’s investments, determining overall allocation among style categories, implementing the SMI Managed Volatility Fund’s hedging strategy, and trading, subject to the ultimate decision-making authority of the Senior Portfolio Manager. In addition to his duties at the advisor, Mr. Ayers is a co-founder of Omnium Investment Company, LLC. At Omnium, he also conducts analytical and quantitative research, and risk management. Mr. Ayers helped develop the advisor’s risk management procedures and a proprietary daily risk management reporting system. Prior to co-founding Omnium, Mr. Ayers was an Investment Analyst at Oxford Group, Ltd., where he was responsible for performing manager searches and due diligence on various mutual fund portfolio managers specializing in large capitalized growth and value securities, small capitalized growth and value securities, international capitalized securities, and fixed income securities. Prior to that Mr. Ayers was a Senior Investment Representative for Charles Schwab, where he assisted high net-worth clients with developing and trading complex option strategies, hedging concentrated portfolios, constructing diversified investment portfolios, risk management, and making individual stock and mutual fund recommendations. Mr. Ayers graduated from Indiana University with a B.S. in Finance in 1996, and he is a CFA charter holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.19 26.6 6.51 2.41