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Name

As of 09/27/2022

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

Savos Dynamic Hedging Fund

SVDHX | Fund

$11.63

$51.9 M

0.33%

$0.04

1.52%

Vitals

YTD Return

-22.7%

1 yr return

-1.7%

3 Yr Avg Return

5.3%

5 Yr Avg Return

4.2%

Net Assets

$51.9 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$11.6
$11.62
$15.12

Expenses

OPERATING FEES

Expense Ratio 1.52%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/27/2022

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

Savos Dynamic Hedging Fund

SVDHX | Fund

$11.63

$51.9 M

0.33%

$0.04

1.52%

SVDHX - Profile

Distributions

  • YTD Total Return -22.7%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.78%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Savos Dynamic Hedging Fund
  • Fund Family Name
    Savos Investments Trust
  • Inception Date
    Jul 10, 2015
  • Shares Outstanding
    3940397
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Wang

Fund Description

The Fund seeks to partially offset extreme declines in the equity markets while also seeking to provide positive total returns in rising markets. The Fund is intended for use by asset managers, including AssetMark, to provide some measure of downside protection in the event that client assets, which are sensitive to movements in the equity markets, are exposed to significant loss of value as a result of a severe and sustained decline in the broad-based equity market. During periods of rising equity markets, the Fund seeks to participate in a portion of that market rise. Market volatility will impair the Fund’s ability to achieve positive total returns, even in rising market conditions.
During normal market conditions, the Fund invests primarily in equity securities designed to broadly represent the U.S. Equity Market (including common stocks of companies of any size capitalization and exchange-traded funds (“ETFs”) related to equity investments); derivative instruments related to the U.S. Equity Market (futures
contracts, options and swaps on individual equities (including ETFs), U.S. equity indexes and equity-related indexes such as the CBOE Volatility Index (the “VIX Index”)); and fixed-income securities (including money market funds, U.S. Government securities (such as U.S. Treasury obligations) and other short-term or variable-rate, high quality securities and related ETFs). In selecting equity securities, AssetMark will use a quantitative process to evaluate securities based on their characteristics, such as valuation and dividend yield. The Fund will invest in fixed-income securities that are investment grade (i.e., rated within one of the four highest rating categories by a Nationally Recognized Statistical Rating Organization (“NRSRO”) or determined to be of comparable quality by AssetMark if the security is unrated). The fixed-income securities in which the Fund invests may have maturities of any length.
The Fund seeks to maintain a consistent level of volatility during normal market conditions by varying its exposure to the U.S. Equity Market and investments in high quality debt securities including Treasury bills. AssetMark will use one or more quantitative, rules-based methodologies to determine when to alter the Fund’s exposure to the U.S. Equity Market. These methodologies use statistical analysis of indicators related to securities or indices and the price of derivatives related to securities or indices. The methodologies will not rely primarily on fundamental valuation ratios such as price-to-earnings. When AssetMark’s quantitative models indicate the increased likelihood of a significant downturn in the U.S. Equity Market or during periods of elevated market volatility, the Fund will reduce its exposure to the U.S. Equity Market and/or invest in instruments that provide short exposure to the U.S. Equity Market. The Fund will obtain short exposure to the U.S. Equity Market through the use of derivative instruments such as futures contracts, options and/or swaps or through the purchase of ETFs that it believes may effectively hedge equity investments. When market volatility is low relative to long-term historical averages, the Fund will increase its exposure to the U.S. Equity Market.
Such changes in the Fund’s equity market exposure are expected to lag changes in the market, and there is no guarantee that AssetMark’s models will accurately indicate future market movements. Additionally, while the Fund’s decreased exposure to equity investments or short exposure to equity investments may reduce the Fund’s potential for losses, it also will reduce the potential for gain, particularly during periods of elevated market volatility. For these reasons, the Fund is intended to be used by long-term investors. The Fund is not a complete investment program and is intended to be used as a component of a broader investment allocation.
Read More

SVDHX - Performance

Return Ranking - Trailing

Period SVDHX Return Category Return Low Category Return High Rank in Category (%)
YTD -22.7% -53.5% 32.5% 91.28%
1 Yr -1.7% -52.8% 58.9% 47.94%
3 Yr 5.3%* -9.6% 42.9% 67.03%
5 Yr 4.2%* -5.2% 11.6% 61.90%
10 Yr N/A* -4.4% 11.5% N/A

* Annualized

Return Ranking - Calendar

Period SVDHX Return Category Return Low Category Return High Rank in Category (%)
2023 23.2% -40.0% 54.1% 13.37%
2022 -8.2% -47.6% 88.4% 84.36%
2021 25.3% -20.3% 62.6% 7.65%
2020 -11.6% -53.1% 12.7% 67.48%
2019 20.0% -67.1% 21.9% 5.26%

Total Return Ranking - Trailing

Period SVDHX Return Category Return Low Category Return High Rank in Category (%)
YTD -22.7% -53.5% 32.5% 90.26%
1 Yr -1.7% -52.8% 58.9% 43.81%
3 Yr 5.3%* -9.6% 42.9% 64.84%
5 Yr 4.2%* -5.7% 11.6% 59.52%
10 Yr N/A* -4.4% 11.5% N/A

* Annualized

Total Return Ranking - Calendar

Period SVDHX Return Category Return Low Category Return High Rank in Category (%)
2023 23.2% -40.0% 54.1% 13.37%
2022 -8.2% -47.6% 88.4% 84.36%
2021 25.3% -20.3% 62.6% 7.65%
2020 -11.6% -53.1% 12.7% 69.33%
2019 20.0% -12.7% 24.8% 5.92%

NAV & Total Return History

SVDHX - Holdings

Concentration Analysis

SVDHX Category Low Category High SVDHX % Rank
Net Assets 51.9 M 818 K 5.18 B 62.87%
Number of Holdings 7 3 2670 90.72%
Net Assets in Top 10 92.2 M -175 M 1.1 B 25.26%
Weighting of Top 10 N/A 1.5% 100.0% 4.21%

Top 10 Holdings

  1. E-Mini S&P 500 Future Mar 21 138.94%
  2. E-Mini S&P 500 Future Mar 21 138.94%
  3. E-Mini S&P 500 Future Mar 21 138.94%
  4. E-Mini S&P 500 Future Mar 21 138.94%
  5. E-Mini S&P 500 Future Mar 21 138.94%
  6. E-Mini S&P 500 Future Mar 21 138.94%
  7. E-Mini S&P 500 Future Mar 21 138.94%
  8. E-Mini S&P 500 Future Mar 21 138.94%
  9. E-Mini S&P 500 Future Mar 21 138.94%
  10. E-Mini S&P 500 Future Mar 21 138.94%

Asset Allocation

Weighting Return Low Return High SVDHX % Rank
Stocks 		63.20% -2.90% 119.13% 48.21%
Cash 		23.47% -67.46% 106.99% 61.14%
Bonds 		13.33% -48.31% 152.17% 8.21%
Preferred Stocks 		0.00% 0.00% 7.60% 23.83%
Other 		0.00% -35.22% 39.56% 47.15%
Convertible Bonds 		0.00% -0.02% 4.68% 24.35%

Stock Sector Breakdown

Weighting Return Low Return High SVDHX % Rank
Technology 		25.58% 0.00% 43.24% 12.64%
Healthcare 		13.70% 0.00% 100.00% 63.22%
Financial Services 		13.22% 0.00% 83.83% 53.45%
Consumer Cyclical 		11.84% 0.00% 88.83% 33.91%
Communication Services 		9.36% 0.00% 32.32% 22.99%
Industrials 		8.15% 0.00% 31.93% 68.97%
Consumer Defense 		6.51% 0.00% 33.38% 47.13%
Energy 		3.87% 0.00% 32.57% 51.72%
Utilities 		2.74% 0.00% 21.71% 36.78%
Real Estate 		2.72% 0.00% 10.93% 36.78%
Basic Materials 		2.31% 0.00% 28.58% 64.37%

Stock Geographic Breakdown

Weighting Return Low Return High SVDHX % Rank
US 		62.56% -24.26% 116.70% 37.82%
Non US 		0.64% -43.01% 97.78% 70.98%

Bond Sector Breakdown

Weighting Return Low Return High SVDHX % Rank
Cash & Equivalents 		86.67% 0.00% 100.00% 83.68%
Government 		13.33% 0.00% 88.51% 7.89%
Derivative 		0.00% 0.00% 52.12% 27.37%
Securitized 		0.00% 0.00% 13.59% 26.32%
Corporate 		0.00% 0.00% 100.00% 33.16%
Municipal 		0.00% 0.00% 0.01% 22.11%

Bond Geographic Breakdown

Weighting Return Low Return High SVDHX % Rank
US 		13.33% -48.31% 63.44% 7.77%
Non US 		0.00% -0.33% 22.00% 24.35%

SVDHX - Expenses

Operational Fees

SVDHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.52% 0.40% 11.46% 70.94%
Management Fee 1.20% 0.00% 2.50% 48.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.03% 1.54% 75.00%

Sales Fees

SVDHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SVDHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

SVDHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 479.00% 2.00%

SVDHX - Distributions

Dividend Yield Analysis

SVDHX Category Low Category High SVDHX % Rank
Dividend Yield 0.33% 0.00% 18.51% 40.39%

Dividend Distribution Analysis

SVDHX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

SVDHX Category Low Category High SVDHX % Rank
Net Income Ratio -0.78% -3.33% 2.88% 49.75%

Capital Gain Distribution Analysis

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

Distributions History

View More +

SVDHX - Fund Manager Analysis

Managers

Steven Wang

Start Date

Tenure

Tenure Rank

Sep 27, 2021

0.67

0.7%

STEVEN WANG, CFA, Director, Portfolio Management for AssetMark, has served as Portfolio Manager of the Fund since September 2021. Mr. Wang is responsible for managing Savos equity and fixed income strategies. Mr. Wang joined AssetMark in 2021. Previously, he was a Quantitative Equity Portfolio Manager at Northern Trust Asset Management where he researched and managed quantitative factor strategies across US and International equity portfolios. Prior to that, he was a quantitative analyst at Bank of America Merrill Lynch focusing on credit and derivatives. Mr. Wang is a Chartered Financial Analyst® with MS degrees from the University of Chicago in Statistics and Computer Science. He has a B.A. in Finance and Economics and a B.S. in Applied Mathematics from Wuhan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 5.98 7.93

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