SQCBX: X-Square Balanced Fund, LLC - MutualFunds.com
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X-Square Balanced Fund, LLC C

SQCBX - Snapshot

Vitals

  • YTD Return 6.5%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $20.8 M
  • Holdings in Top 10 44.1%

52 WEEK LOW AND HIGH

$12.15
$10.63
$12.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 14.81%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 20.14%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $5,000
  • IRA N/A

Fund Classification


Compare SQCBX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$32.47

+0.22%

$207.30 B

1.25%

$0.40

7.52%

0.58%

$47.90

+0.93%

$119.20 B

1.79%

$0.85

7.98%

0.24%

$47.08

+0.75%

$56.53 B

1.04%

$0.49

6.18%

0.18%

$37.26

+0.92%

$49.55 B

1.08%

$0.40

9.23%

0.70%

$30.99

+0.91%

$45.61 B

1.04%

$0.32

9.58%

0.52%

SQCBX - Profile

Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    X-Square Balanced Fund, LLC
  • Fund Family Name
    Xsquare Capital
  • Inception Date
    Nov 01, 2019
  • Shares Outstanding
    204921
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ignacio Canto

Fund Description

The fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds. Normally, it will target a 60% allocation towards U.S. equity securities and a 40% allocation towards fixed income securities, including, but not limited to, investment-grade corporate debt, U.S. agency securities, and U.S. mortgage-related and other asset-backed securities and related derivatives. The fund may also invest in securities of foreign issuers. It is non-diversified.


SQCBX - Performance

Return Ranking - Trailing

Period SQCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -5.8% 89.8% 80.86%
1 Yr 23.8% -5.2% 88.4% 74.68%
3 Yr N/A* -1.6% 23.4% N/A
5 Yr N/A* 0.6% 21.8% N/A
10 Yr N/A* 2.0% 14.3% N/A

* Annualized

Return Ranking - Calendar

Period SQCBX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -39.0% 56.4% N/A
2019 N/A -5.8% 26.1% N/A
2018 N/A -52.1% 0.0% N/A
2017 N/A -6.5% 32.7% N/A
2016 N/A -43.7% 18.6% N/A

Total Return Ranking - Trailing

Period SQCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -5.8% 89.8% 81.00%
1 Yr 22.8% -5.2% 88.4% 70.82%
3 Yr N/A* -1.6% 23.4% N/A
5 Yr N/A* 0.6% 21.8% N/A
10 Yr N/A* 2.0% 14.3% N/A

* Annualized

Total Return Ranking - Calendar

Period SQCBX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -39.0% 56.4% N/A
2019 N/A -5.8% 26.1% N/A
2018 N/A -47.9% 0.8% N/A
2017 N/A -3.7% 56.2% N/A
2016 N/A -43.7% 19.8% N/A

NAV & Total Return History


SQCBX - Holdings

Concentration Analysis

SQCBX Category Low Category High SQCBX % Rank
Net Assets 20.8 M 109 K 207 B 96.08%
Number of Holdings 60 2 15088 50.35%
Net Assets in Top 10 3.21 M -182 M 36.6 B 97.05%
Weighting of Top 10 44.13% 7.4% 100.0% 47.83%

Top 10 Holdings

  1. United States Treasury Notes 22.98%
  2. United States Treasury Bills 0% 8.03%
  3. United States Treasury Bills 0% 4.11%
  4. Etsy Inc 3.50%
  5. Alibaba Group Holding Ltd Adr 2.92%
  6. Vanguard Interm-Term Corp Bd Etf 2.80%
  7. United States Treasury Notes 2.78%
  8. United States Treasury Bills 2.76%
  9. Mercadolibre Inc 2.25%
  10. Apple Inc 2.21%

Asset Allocation

Weighting Return Low Return High SQCBX % Rank
Stocks
59.81% 0.00% 99.88% 67.09%
Bonds
35.55% -0.03% 130.96% 22.36%
Cash
2.85% -30.96% 100.00% 65.96%
Other
1.58% -4.36% 47.39% 17.02%
Convertible Bonds
0.22% 0.00% 26.68% 77.64%
Preferred Stocks
0.00% 0.00% 23.99% 68.21%

Stock Sector Breakdown

Weighting Return Low Return High SQCBX % Rank
Consumer Cyclical
22.39% 0.00% 22.39% 0.42%
Financial Services
19.26% 0.00% 100.00% 13.22%
Consumer Defense
17.16% 0.00% 17.16% 0.42%
Technology
14.15% 0.00% 51.24% 81.58%
Industrials
9.43% 0.00% 33.22% 70.60%
Healthcare
8.18% 0.00% 38.48% 90.86%
Communication Services
5.85% 0.00% 28.76% 89.59%
Real Estate
1.91% 0.00% 99.16% 73.14%
Basic Materials
1.67% 0.00% 21.22% 87.62%
Utilities
0.00% 0.00% 99.10% 92.12%
Energy
0.00% 0.00% 69.89% 93.53%

Stock Geographic Breakdown

Weighting Return Low Return High SQCBX % Rank
US
46.52% 0.00% 95.48% 56.82%
Non US
13.29% 0.00% 36.63% 44.59%

Bond Sector Breakdown

Weighting Return Low Return High SQCBX % Rank
Government
74.90% 0.00% 93.78% 1.83%
Corporate
16.51% 0.00% 99.99% 91.70%
Cash & Equivalents
7.42% 0.00% 100.00% 75.53%
Securitized
1.15% 0.00% 78.03% 85.37%
Municipal
0.02% 0.00% 29.78% 63.29%
Derivative
0.00% 0.00% 34.77% 45.29%

Bond Geographic Breakdown

Weighting Return Low Return High SQCBX % Rank
US
34.49% -0.03% 67.19% 15.75%
Non US
1.06% -26.70% 102.43% 84.25%

SQCBX - Expenses

Operational Fees

SQCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 14.81% 0.01% 14.81% 0.15%
Management Fee 1.00% 0.00% 2.00% 96.53%
12b-1 Fee 1.00% 0.00% 1.00% 81.52%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

SQCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 33.66%

Trading Fees

SQCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 88.24%

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.

SQCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.14% 0.00% 484.00% 24.55%

SQCBX - Distributions

Dividend Yield Analysis

SQCBX Category Low Category High SQCBX % Rank
Dividend Yield 0.00% 0.00% 6.17% 12.21%

Dividend Distribution Analysis

SQCBX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

SQCBX Category Low Category High SQCBX % Rank
Net Income Ratio -1.95% -1.95% 11.02% 100.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SQCBX - Fund Manager Analysis

Managers

Ignacio Canto


Start Date

Tenure

Tenure Rank

Nov 01, 2019

1.58

1.6%

Ignacio Canto, CFA – Mr. Canto, President of X-Square Capital, LLC, joined the Adviser in 2013. Mr. Canto was Executive Vice President and Treasurer of Government Development Bank for Puerto Rico (GDB) from August 2010 until December 31, 2012. In such capacity, he was responsible for GDB’s asset and liability management, and for pricing and structuring bonds issued by the Commonwealth of Puerto Rico and its instrumentalities. While at GDB, Mr. Canto implemented a global macro trading strategy with success, focusing on fundamental trends and technical studies. Between July 2005 and August 2010, Mr. Canto worked as a portfolio manager and portfolio analyst at Santander Asset Management Corporation, where he traded interest rate derivatives, U.S. Government agency debentures, structured products, municipal bonds, equities and equity derivatives, and in the Investment Banking division of Santander Securities Corporation. Mr. Canto has a Bachelor of Business Administration with a concentration in Finance from Boston University’s School of Management. Mr. Canto holds the Chartered Financial Analyst (CFA) designation and the Financial Risk Manager (FRM) designation.

Gabriel Medina


Start Date

Tenure

Tenure Rank

Nov 01, 2019

1.58

1.6%

Gabriel Medina, CFA – Mr. Medina, Portfolio Manager, joined X-Square Capital, LLC in 2015. Mr. Medina began his career as a Process Engineer in Boston as part of a leadership program focused on developing performance, cross-cutting, and leadership skills at Saint-Gobain, a worldwide manufacturer. While working toward his graduate degree in 2013, he consulted for Lionchase Holdings, a private equity firm focused on the development of microcap firms. As part of his work, Mr. Medina assisted the general partner in the development of LBO models for distressed, privately-owned firms. In 2014, Mr. Medina joined Liberty Mutual Insurance as a Business Analyst responsible for the development and monitoring of monthly performance reports for the auto claims department division. Mr. Medina later joined Accenture as a Business Analyst in Los Angeles, where he worked on the delivery and implementation of solutions to IT challenges faced by multinational companies. Mr. Medina has a Bachelor of Science in Mechanical Engineering from Boston University and a Master in Finance from the University of Massachusetts. Mr. Medina holds the Chartered Financial Analyst (CFA) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 37.44 6.14 1.41