WAVLX: Wavelength Interest Rate Neutral Fund - MutualFunds.com
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Wavelength Interest Rate Neutral

WAVLX - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return 5.6%
  • Net Assets $155 M
  • Holdings in Top 10 67.8%

52 WEEK LOW AND HIGH

$10.95
$10.08
$11.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

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

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000
  • IRA $10,000

Fund Classification


Compare WAVLX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$12.10

+0.17%

$136.89 B

4.36%

$0.53

-0.08%

1.09%

$10.39

+0.19%

$39.46 B

2.58%

$0.27

0.19%

0.73%

$8.48

+0.12%

$23.41 B

3.49%

$0.30

0.83%

0.78%

$12.66

+0.16%

$16.05 B

2.11%

$0.27

0.40%

0.96%

$9.48

+0.42%

$12.56 B

4.63%

$0.44

-3.27%

0.93%

WAVLX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Wavelength Interest Rate Neutral Fund
  • Fund Family Name
    Wavelength Funds
  • Inception Date
    Sep 30, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Dassori

Fund Description

The fund aims to achieve its investment objective by seeking to establish a balance of investment exposure across possible interest rate environments using global fixed income instruments, while buying and selling securities with a target of maintaining this balance amidst changing market and economic conditions. Its portfolio holdings will primarily include securities sold on U.S. exchanges and may include bonds, exchange-traded funds ("ETFs"), and derivative instruments (including futures contracts and exchange-traded notes ("ETNs")).


WAVLX - Performance

Return Ranking - Trailing

Period WAVLX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -21.9% 22.5% 60.40%
1 Yr 11.0% -28.9% 61.0% 65.81%
3 Yr 6.7%* -12.2% 11.2% 7.88%
5 Yr 5.6%* -14.0% 14.6% 17.46%
10 Yr N/A* -2.0% 12.6% N/A

* Annualized

Return Ranking - Calendar

Period WAVLX Return Category Return Low Category Return High Rank in Category (%)
2020 5.9% -49.2% 314.3% 11.13%
2019 7.7% -35.1% 15.3% 10.43%
2018 -4.0% -48.0% 3.4% 30.96%
2017 3.4% -14.8% 11.2% 19.93%
2016 5.5% -11.2% 10.7% 14.31%

Total Return Ranking - Trailing

Period WAVLX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -21.9% 22.5% 60.40%
1 Yr 11.0% -33.0% 61.0% 57.62%
3 Yr 6.7%* -13.9% 11.2% 7.13%
5 Yr 5.6%* -15.0% 14.6% 16.03%
10 Yr N/A* -2.0% 12.6% N/A

* Annualized

Total Return Ranking - Calendar

Period WAVLX Return Category Return Low Category Return High Rank in Category (%)
2020 5.9% -49.2% 314.3% 11.13%
2019 7.7% -35.1% 15.3% 12.48%
2018 -4.0% -48.0% 8.0% 53.00%
2017 3.4% -14.8% 15.2% 44.06%
2016 5.5% -11.2% 17.7% 32.53%

NAV & Total Return History


WAVLX - Holdings

Concentration Analysis

WAVLX Category Low Category High WAVLX % Rank
Net Assets 155 M 1.04 M 137 B 72.83%
Number of Holdings 25 2 7706 91.57%
Net Assets in Top 10 117 M -3.65 B 25.1 B 43.55%
Weighting of Top 10 67.80% 4.3% 100.0% 12.95%

Top 10 Holdings

  1. 5 Year Treasury Note Future Dec 20 11.64%
  2. 5 Year Treasury Note Future Dec 20 11.64%
  3. 5 Year Treasury Note Future Dec 20 11.64%
  4. 5 Year Treasury Note Future Dec 20 11.64%
  5. 5 Year Treasury Note Future Dec 20 11.64%
  6. 5 Year Treasury Note Future Dec 20 11.64%
  7. 5 Year Treasury Note Future Dec 20 11.64%
  8. 5 Year Treasury Note Future Dec 20 11.64%
  9. 5 Year Treasury Note Future Dec 20 11.59%
  10. 5 Year Treasury Note Future Dec 20 11.59%

Asset Allocation

Weighting Return Low Return High WAVLX % Rank
Bonds
69.54% -148.49% 302.14% 78.95%
Cash
17.85% -210.92% 260.09% 18.26%
Stocks
7.30% -84.00% 210.59% 9.69%
Convertible Bonds
3.69% 0.00% 206.37% 30.65%
Other
1.02% -41.76% 106.30% 13.54%
Preferred Stocks
0.59% 0.00% 33.23% 29.12%

Stock Sector Breakdown

Weighting Return Low Return High WAVLX % Rank
Technology
22.57% 0.00% 47.15% 3.64%
Real Estate
16.34% 0.00% 100.00% 15.52%
Consumer Cyclical
11.91% 0.00% 100.00% 15.52%
Healthcare
10.32% 0.00% 100.00% 17.24%
Financial Services
10.08% 0.00% 100.00% 40.42%
Communication Services
9.75% 0.00% 100.00% 23.75%
Industrials
8.17% 0.00% 100.00% 27.39%
Consumer Defense
4.77% 0.00% 99.98% 23.18%
Utilities
3.65% 0.00% 100.00% 27.39%
Energy
1.30% 0.00% 100.00% 63.98%
Basic Materials
1.14% 0.00% 22.98% 41.57%

Stock Geographic Breakdown

Weighting Return Low Return High WAVLX % Rank
US
7.21% -80.43% 210.59% 8.43%
Non US
0.09% -3.57% 7.42% 22.22%

Bond Sector Breakdown

Weighting Return Low Return High WAVLX % Rank
Government
47.09% 0.00% 99.63% 6.51%
Corporate
21.30% 0.00% 100.00% 71.26%
Cash & Equivalents
19.59% 0.00% 100.00% 18.77%
Municipal
7.34% 0.00% 50.93% 3.19%
Securitized
4.67% 0.00% 98.56% 73.95%
Derivative
0.00% 0.00% 67.54% 72.16%

Bond Geographic Breakdown

Weighting Return Low Return High WAVLX % Rank
US
48.18% -148.77% 209.58% 71.78%
Non US
21.36% -5.98% 105.85% 43.68%

WAVLX - Expenses

Operational Fees

WAVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.01% 6.50% 43.10%
Management Fee 0.95% 0.00% 2.25% 79.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% 47.62%

Sales Fees

WAVLX 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% 5.50% N/A

Trading Fees

WAVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

WAVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 498.00% 20.00%

WAVLX - Distributions

Dividend Yield Analysis

WAVLX Category Low Category High WAVLX % Rank
Dividend Yield 0.00% 0.00% 5.25% 50.12%

Dividend Distribution Analysis

WAVLX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

WAVLX Category Low Category High WAVLX % Rank
Net Income Ratio 2.07% -1.28% 18.14% 83.51%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

WAVLX - Fund Manager Analysis

Managers

Andrew Dassori


Start Date

Tenure

Tenure Rank

Sep 30, 2013

7.59

7.6%

Mr. Dassori is a Founding Partner of Wavelength Capital Management, LLC and serves as the firm’s Chief Investment Officer and Managing Director. Prior to founding Wavelength Capital Management, LLC, Mr. Dassori was a portfolio manager at Credit Suisse Asset Management, LLC based in New York, and was responsible for researching global macro investment strategies for the firm’s Alpha Strategies Group. He was selected to be part of Credit Suisse’s Global Citizen’s program through which he established the firm’s partnership with Equity Bank in Nairobi, Kenya. While at Equity Bank, he built technical and fundamentally-based trading models for local fixed-income and foreign-exchange markets, and served as the Bank’s representative in meetings with various economic and government institutions. Mr. Dassori started his career at State Street Global Advisors. He graduated with a BSc (Honours) in Economic History from the London School of Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.35 5.45 2.33