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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.
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| 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
| 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% |
| 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
| 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% |
| 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% |
| 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% |
| 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% |
| 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 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% |
| 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 |
| 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 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 | Category Low | Category High | SPCAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.49% | 0.00% | 46.73% | 27.93% |
| SPCAX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
| SPCAX | Category Low | Category High | SPCAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.00% | -1.16% | 2.35% | 86.24% |
| SPCAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
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
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
