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SPCAX SilverPepper Cmdty Strats Glb Macro Adv

  • Fund
  • SPCAX
  • Price as of: Sep 19, 2019
  • $7.98 - $0.02 - 0.25%

SPCAX - Profile

Vitals

  • YTD Return 3.2%
  • 3 Yr Annualized Return -3.2%
  • 5 Yr Annualized Return -4.0%
  • Net Assets $121 M
  • Holdings in Top 10 17.7%

52 WEEK LOW AND HIGH

$7.98
$7.65
$8.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 5463.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return -3.2%
  • 5 Yr Annualized Total Return -4.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.00%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name SilverPepper Commodity Strategies Global Macro Fund
  • Fund Family Name SilverPepper
  • Inception Date Oct 31, 2013
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Renee Haugerud

Fund Description

Global Macro is an investment strategy that is defined by its freedom to trade both long and short positions in an array of asset classes and investment instruments located anywhere in the world. Under normal market conditions, the advisor expects to primarily invest in securities and instruments that provide investment exposure to a variety of countries and regions throughout the world, including both developed and emerging markets.

SPCAX - Performance

Return Ranking - Trailing

Period SPCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -3.8% 11.2% 80.00%
1 Yr -4.7% -40.7% 8.1% 15.60%
3 Yr -3.2%* -10.9% 0.9% 60.64%
5 Yr -4.0%* -22.9% -3.5% 5.06%
10 Yr N/A* -15.4% 17.9% N/A

* Annualized


Return Ranking - Calendar

Period SPCAX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -42.9% -0.2% 27.55%
2017 -2.1% -13.1% 10.5% 84.04%
2016 5.1% 3.1% 22.1% 89.25%
2015 -7.4% -64.9% -7.2% 2.41%
2014 -6.9% -34.3% 669.0% 8.33%

Total Return Ranking - Trailing

Period SPCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -3.8% 11.2% 80.00%
1 Yr -4.7% -40.7% 8.1% 22.02%
3 Yr -3.2%* -10.9% 3.8% 77.66%
5 Yr -4.0%* -20.2% -3.5% 6.33%
10 Yr N/A* -12.0% 21.2% N/A

* Annualized


Total Return Ranking - Calendar

Period SPCAX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -42.9% -0.2% 38.78%
2017 -2.1% -8.3% 10.9% 95.74%
2016 5.1% 3.1% 23.2% 93.55%
2015 -7.4% -62.9% -7.2% 2.41%
2014 -6.9% -34.3% 698.3% 8.33%

NAV & Total Return History

SPCAX - Holdings

Concentration Analysis

SPCAX Category Low Category High SPCAX % Rank
Net Assets 121 M 1.2 M 7.09 B 77.48%
Number of Holdings 17 2 958 71.17%
Net Assets in Top 10 21.5 M -699 M 2.94 B 74.77%
Weighting of Top 10 17.72% 8.5% 165.3% 94.59%

Top 10 Holdings

  1. Cayman Entity 17.72%


Asset Allocation

Weighting Return Low Return High SPCAX % Rank
Cash
80.03% -68.44% 111.24% 7.21%
Stocks
17.72% 0.00% 48.65% 17.12%
Other
2.25% -11.24% 106.81% 68.47%
Preferred Stocks
0.00% 0.00% 0.00% 63.96%
Convertible Bonds
0.00% 0.00% 1.64% 78.38%
Bonds
0.00% 0.00% 93.87% 95.50%

Stock Sector Breakdown

Weighting Return Low Return High SPCAX % Rank
Technology
0.01% 0.00% 1.14% 77.78%
Industrials
0.01% 0.00% 1.82% 88.89%
Healthcare
0.01% 0.00% 0.02% 25.93%
Financial Services
0.01% 0.00% 0.21% 48.15%
Consumer Cyclical
0.01% 0.00% 1.56% 88.89%
Utilities
0.00% 0.00% 1.41% 81.48%
Real Estate
0.00% 0.00% 0.54% 85.19%
Energy
0.00% 0.00% 14.95% 96.30%
Communication Services
0.00% 0.00% 0.10% 81.48%
Consumer Defense
0.00% 0.00% 9.82% 96.30%
Basic Materials
0.00% 0.00% 19.57% 96.30%

Stock Geographic Breakdown

Weighting Return Low Return High SPCAX % Rank
US
17.72% 0.00% 20.08% 9.91%
Non US
0.00% 0.00% 31.12% 68.47%

SPCAX - Expenses

Operational Fees

SPCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.00% 0.05% 12.59% 23.85%
Management Fee 1.50% 0.00% 1.75% 97.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.45% 57.38%

Sales Fees

SPCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SPCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 63.16%

Turnover 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.

SPCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5463.00% 0.00% 5463.00% 100.00%

SPCAX - Distributions

Dividend Yield Analysis

SPCAX Category Low Category High SPCAX % Rank
Dividend Yield 5.49% 0.00% 46.73% 27.93%

Dividend Distribution Analysis

SPCAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SPCAX Category Low Category High SPCAX % Rank
Net Income Ratio 0.00% -1.16% 2.35% 86.24%

Capital Gain Distribution Analysis

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

SPCAX - Managers

Renee Haugerud

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2013

5.84

5.8%

Renee Haugerud is the Founder, Chief Investment Officer and Managing Principal of Galtere. Ms. Haugerud began trading in the global financial and commodity markets beginning in 1981 for Cargill Inc., an agriculture and food company. Her interests in the relationship between financial markets and geopolitics led to her first international posting in Geneva, Switzerland, where she ultimately served as Cargill’s Foreign Exchange Trading Manager. Additionally, she further developed her expertise in a long range of securities by assuming the positions of Manager of the US Fixed Income trading desk, Minneapolis, MN; Financial Division Manager at the Melbourne Australia Office; board membership of Cargill Australia, and finally Vice President/Structural Trading Manager in Cargill’s headquarters in Minneapolis. Following her years at Cargill, Ms. Haugerud spent two years in Hong Kong as the Head of Proprietary Trading for Natwest in their Global Financial Markets division. She then returned to the United States as the Financial Trading Manager for Hunter Douglas N.A. in New York. Ms. Haugerud received her B.S. degree with Honors in Forest Resource Management from the University of Montana in 1980.


Tenure Analysis

Category Low

0.18

Category High

14.28

Category Average

5.97

Category Mode

8.76