Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.0%
1 yr return
0.0%
3 Yr Avg Return
-5.5%
5 Yr Avg Return
3.7%
Net Assets
$4.73 M
Holdings in Top 10
2.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SUPIX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return -5.5%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.04%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSuperfund Managed Futures Strategy Fund
-
Fund Family NameSuperfund
-
Inception DateDec 31, 2013
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTennyson Briggs
Fund Description
To pursue its investment objective, the Fund uses a managed futures strategy and principally invests in U.S. and international, including emerging market, commodity and financial futures and foreign currency markets. The Fund seeks investment opportunities across many market sectors, including: currencies, interest rates, bonds, stock indices, metals, energy, grains and agricultural sectors. The Fund will typically have exposure to long and short positions across all four major asset classes (commodities, currencies, fixed income and equities), but at any one time the Fund may emphasize certain asset classes or certain exposures within an asset class. The Fund may enter into hedging transactions to seek to manage portfolio risk. The Fund will also invest in fixed income securities to seek income, as margin or collateral for other Fund investments, and for liquidity purposes.
To implement its strategy, the Fund uses fully automated, proprietary, computerized trading systems that examine a broad array of investments around the world and seek to identify market patterns that offer attractive investment opportunities. Superfund Advisors Inc.s (Superfund or the Adviser) trading strategy analyzes data from more than 120 different futures and forward markets worldwide on an ongoing basis and also analyzes risks related to position size, market correlation, and market volatility of potential investments. The Adviser seeks to identify investments through a four-point philosophy that takes into account (1) market diversification, (2) technical analysis, (3) trading models incorporating trend following, pattern recognition, volatility, momentum and counter-trend strategies and (4) money management. The Adviser seeks to identify opportunities to capitalize on trends and market fluctuations in both the short- and long-term in the futures markets. These investment opportunities may last from days to months.
The Fund will invest in a variety of derivative instruments including futures and option contracts, forward contracts, and swaps, including total return swaps. The Fund may invest in both exchange-traded derivatives and over the counter (OTC) derivatives. In addition to investing directly in derivatives and other types of investments, the Fund may also gain exposure to futures markets through investments in the Superfund Managed Futures Strategy (Cayman) Fund Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the Subsidiary). The Fund intends to make investments through the Subsidiary and may invest up to 25% of its total assets in the Subsidiary.
To the extent the Fund invests in commodity-linked derivatives, it will do so primarily through the Subsidiary. Generally, the Subsidiary will invest primarily in commodity futures, either directly or by entering into total return swap agreements tied to commodity futures, but it may also invest in financial futures, options, other swap contracts, fixed income securities, pooled investment vehicles, including those that are not registered pursuant to the Investment Company Act of 1940, as amended (the 1940 Act), and other investments intended to serve as margin or collateral for the Subsidiarys derivative positions.
Although the Fund normally does not engage in any direct borrowing, leverage is inherent in the derivatives it trades. Leverage magnifies exposure to the swings in prices of the reference asset underlying a derivative and results in increased volatility, which means the Fund will generally have the potential for greater gains, as well as the potential for greater losses, than a fund that does not use derivatives.
The fixed-income securities in which the Fund may invest may have any maturity and may include, corporate bonds and other corporate debt securities, asset-backed securities, securities issued by the U.S. government or its agencies and instrumentalities, securities issued by non-U.S. governments or their agencies and instrumentalities, money market securities and other interest-bearing instruments or any derivative instrument meant to track the return of any such instrument, and cash.
The Adviser generally expects that the Funds performance will have a low correlation to the performance of the general global equity, fixed income, currency and commodity markets; however, the Funds performance may correlate to the performance of any one or more of those markets over short-term periods.
The Fund may engage in active and frequent trading.
SUPIX - Performance
Return Ranking - Trailing
Period | SUPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -7.4% | 14.6% | 14.89% |
1 Yr | 0.0% | -16.1% | 36.5% | 19.35% |
3 Yr | -5.5%* | -7.9% | 13.3% | 1.12% |
5 Yr | 3.7%* | -5.3% | 10.0% | 1.20% |
10 Yr | 2.7%* | -2.4% | 4.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | SUPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.2% | -16.4% | 12.9% | 58.06% |
2022 | -13.0% | -9.3% | 17.5% | 8.70% |
2021 | -9.0% | -25.8% | 2.2% | 70.93% |
2020 | 0.4% | -5.1% | 21.0% | 17.11% |
2019 | 14.4% | -20.3% | 4.6% | 90.14% |
Total Return Ranking - Trailing
Period | SUPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | -7.4% | 14.6% | 15.96% |
1 Yr | 0.0% | -20.3% | 36.5% | 33.33% |
3 Yr | -5.5%* | -9.0% | 11.1% | 1.12% |
5 Yr | 3.7%* | -5.7% | 8.7% | 1.20% |
10 Yr | 2.7%* | -2.4% | 4.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SUPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.2% | -16.4% | 12.9% | 58.06% |
2022 | -7.3% | -9.3% | 17.5% | 8.70% |
2021 | 10.5% | -20.3% | 2.5% | 72.09% |
2020 | 13.5% | -5.1% | 21.0% | 17.11% |
2019 | 28.8% | -20.3% | 6.7% | 92.96% |
NAV & Total Return History
SUPIX - Holdings
Concentration Analysis
SUPIX | Category Low | Category High | SUPIX % Rank | |
---|---|---|---|---|
Net Assets | 4.73 M | 2.12 M | 1.74 B | 84.04% |
Number of Holdings | 264 | 3 | 876 | 54.26% |
Net Assets in Top 10 | 153 K | -100 M | 2.04 B | 81.91% |
Weighting of Top 10 | 1.97% | 20.3% | 94.0% | 96.30% |
Top 10 Holdings
- SPI 200 FUTURES Dec23 0.34%
- JPN YEN CURR FUT Dec23 0.28%
- SP/TSX 60 IX FUT Dec23 0.23%
- LME COPPER FUTURE Dec23 0.20%
- CATTLE FEEDER FUT Jan24 0.19%
- JPN 10Y BOND(OSE) Dec23 0.18%
- CURRENCY CONTRACT - USD 0.14%
- US 10YR NOTE (CBT)Dec23 0.14%
- AUST 10Y BOND FUT Dec23 0.13%
- COCOA FUTURE - IC Dec23 0.13%
Asset Allocation
Weighting | Return Low | Return High | SUPIX % Rank | |
---|---|---|---|---|
Cash | 98.93% | -687.11% | 117.03% | 24.47% |
Other | 1.07% | 0.00% | 58.63% | 41.49% |
Stocks | 0.00% | -1.78% | 72.26% | 89.36% |
Preferred Stocks | 0.00% | 0.00% | 0.13% | 68.09% |
Convertible Bonds | 0.00% | 0.00% | 2.27% | 70.21% |
Bonds | 0.00% | -50.36% | 717.59% | 81.91% |
SUPIX - Expenses
Operational Fees
SUPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.99% | 0.75% | 12.88% | 11.83% |
Management Fee | 2.99% | 0.65% | 2.99% | 97.87% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.09% | 0.45% | N/A |
Sales Fees
SUPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | 40.91% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SUPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 1.00% | 50.00% |
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.
SUPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 198.00% | 17.14% |
SUPIX - Distributions
Dividend Yield Analysis
SUPIX | Category Low | Category High | SUPIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.00% | 63.83% |
Dividend Distribution Analysis
SUPIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
SUPIX | Category Low | Category High | SUPIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.04% | -3.14% | 1.55% | 15.05% |
Capital Gain Distribution Analysis
SUPIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 21, 2024 | $0.122 | OrdinaryDividend |
Dec 15, 2022 | $0.485 | OrdinaryDividend |
Dec 16, 2020 | $1.185 | OrdinaryDividend |
Dec 12, 2019 | $1.114 | OrdinaryDividend |
Dec 19, 2016 | $0.505 | OrdinaryDividend |
Dec 19, 2014 | $0.071 | OrdinaryDividend |
SUPIX - Fund Manager Analysis
Managers
Tennyson Briggs
Start Date
Tenure
Tenure Rank
Aug 13, 2021
0.8
0.8%
Tennyson Briggs has worked within the Superfund Group of affiliated companies for almost twenty (20) years. As a Microsoft Certified Professional Developer, he managed a team of in-house software developers, working on important infrastructure systems used throughout the trading process, including tools for Data Analysis, Order Management, Allocation Fairness Algorithms, Back-office Trade Reconciliation and Fund Accounting. Mr. Briggs is a citizen of Grenada, West Indies.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.16 | 14.09 | 5.41 | 5.06 |