Wireless Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
33.9%
1 yr return
49.9%
3 Yr Avg Return
7.0%
5 Yr Avg Return
10.4%
Net Assets
$9.91 M
Holdings in Top 10
77.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 74.51%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$5,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WIREX - Profile
Distributions
- YTD Total Return 33.9%
- 3 Yr Annualized Total Return 7.0%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.34%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWireless Fund
-
Fund Family NameWireless
-
Inception DateJun 26, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Provence
Fund Description
The Wireless Fund, under normal market conditions, invests at least 80% of its assets in the securities of companies engaged in the development, production, or distribution of wireless related products or services. Companies that are candidates for the Fund include, but are not limited to communication services; communication equipment; software and programming; computer hardware; peripherals; storage devices; semiconductors; and data networking for the wireless industry. The Fund may invest in small, mid and large companies, without regard to their size. The Fund invests primarily in growth companies whose revenues and earnings are likely to grow faster than the economy as a whole, offering above-average prospects for capital
appreciation and little or no emphasis on dividend income. There is no limitation to investing in foreign securities.
Value Trend Capital Management, LP (the Adviser) uses several approaches in analyzing economic value of growth stocks, but considers the primary determinant of value to be a companys long-term ability to generate profits for its shareholders. The Adviser considers whether a stock is trading at a price below which the investment adviser believes it should be trading based on price relative to projected future earnings, price relative to the earnings growth rate and price relative to return on equity. Once the Adviser has identified a potential stock for a portfolio, the Adviser will consider it for the Fund.
The Adviser may sell a company when the company reaches the Advisers appraised value, when there is a more attractively priced company as an alternative, when the fundamentals of the business have changed, when technological developments change, or when the Adviser determines that management of the company is not enhancing shareholder value.
The Fund is a non-diversified fund, which means it can invest in fewer securities at any one time than a diversified fund and can invest more of its assets in securities of a single issuer than a diversified portfolio. Holding fewer securities increases the risk that the value of the Fund could go down because of the poor performance of a single investment.
WIREX - Performance
Return Ranking - Trailing
Period | WIREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 33.9% | -21.1% | 44.5% | 4.55% |
1 Yr | 49.9% | -1.3% | 80.5% | 8.64% |
3 Yr | 7.0%* | -35.3% | 24.3% | 26.85% |
5 Yr | 10.4%* | -10.5% | 33.4% | 83.42% |
10 Yr | N/A* | 1.4% | 27.2% | 56.85% |
* Annualized
Return Ranking - Calendar
Period | WIREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 57.0% | -5.6% | 96.9% | 18.72% |
2022 | -38.8% | -73.9% | -16.4% | 49.07% |
2021 | 5.0% | -44.6% | 51.5% | 49.30% |
2020 | 26.7% | 5.5% | 154.1% | 88.06% |
2019 | N/A | -3.0% | 63.7% | 48.13% |
Total Return Ranking - Trailing
Period | WIREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 33.9% | -21.1% | 44.5% | 4.55% |
1 Yr | 49.9% | -1.3% | 80.5% | 8.64% |
3 Yr | 7.0%* | -35.3% | 24.3% | 26.85% |
5 Yr | 10.4%* | -10.5% | 33.4% | 83.42% |
10 Yr | N/A* | 1.4% | 27.2% | 69.66% |
* Annualized
Total Return Ranking - Calendar
Period | WIREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 57.7% | -2.3% | 96.9% | 22.83% |
2022 | -34.7% | -67.5% | -5.9% | 38.89% |
2021 | 5.0% | -17.8% | 59.2% | 85.12% |
2020 | 26.7% | 17.5% | 157.5% | 94.53% |
2019 | N/A | 7.5% | 66.9% | 63.64% |
NAV & Total Return History
WIREX - Holdings
Concentration Analysis
WIREX | Category Low | Category High | WIREX % Rank | |
---|---|---|---|---|
Net Assets | 9.91 M | 4.67 M | 81.2 B | 98.64% |
Number of Holdings | 22 | 10 | 321 | 99.55% |
Net Assets in Top 10 | 7.24 M | 1.67 M | 56.8 B | 95.93% |
Weighting of Top 10 | 77.86% | 13.2% | 100.0% | 1.81% |
Top 10 Holdings
- NVIDIA Corporation 19.99%
- Microsoft Corporation 11.92%
- Alphabet Inc. - Class A 10.16%
- Apple, Inc. 7.17%
- Goldman Sachs Financial Square Government Fund Institutional Shares 5.39%
- Broadcom, Inc. 5.01%
- Applied Materials, Inc. 4.73%
- QUALCOMM Incorporated 4.60%
- Motorola Solutions, Inc 4.55%
- KLA Corporation 4.34%
Asset Allocation
Weighting | Return Low | Return High | WIREX % Rank | |
---|---|---|---|---|
Stocks | 96.56% | 0.00% | 100.77% | 82.81% |
Cash | 5.39% | 0.00% | 26.97% | 9.05% |
Preferred Stocks | 0.00% | 0.00% | 8.61% | 67.87% |
Other | 0.00% | -0.04% | 26.87% | 64.25% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 58.37% |
Bonds | 0.00% | 0.00% | 87.98% | 57.92% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WIREX % Rank | |
---|---|---|---|---|
Technology | 74.24% | 2.80% | 100.00% | 40.27% |
Communication Services | 17.11% | 0.00% | 97.05% | 8.60% |
Consumer Cyclical | 4.75% | 0.00% | 32.97% | 59.28% |
Real Estate | 3.89% | 0.00% | 15.05% | 6.33% |
Utilities | 0.00% | 0.00% | 5.17% | 56.11% |
Industrials | 0.00% | 0.00% | 38.68% | 87.78% |
Healthcare | 0.00% | 0.00% | 25.57% | 80.54% |
Financial Services | 0.00% | 0.00% | 38.36% | 89.14% |
Energy | 0.00% | 0.00% | 1.24% | 56.56% |
Consumer Defense | 0.00% | 0.00% | 5.64% | 61.99% |
Basic Materials | 0.00% | 0.00% | 2.38% | 60.18% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WIREX % Rank | |
---|---|---|---|---|
US | 96.56% | 0.00% | 100.77% | 46.15% |
Non US | 0.00% | 0.00% | 63.81% | 76.92% |
WIREX - Expenses
Operational Fees
WIREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.95% | 0.08% | 5.04% | 11.82% |
Management Fee | 1.95% | 0.03% | 1.95% | 100.00% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 22.95% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
WIREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
WIREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 12.50% |
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.
WIREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 74.51% | 0.69% | 281.00% | 81.82% |
WIREX - Distributions
Dividend Yield Analysis
WIREX | Category Low | Category High | WIREX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.82% | 66.52% |
Dividend Distribution Analysis
WIREX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Annual |
Net Income Ratio Analysis
WIREX | Category Low | Category High | WIREX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.34% | -2.30% | 2.08% | 88.02% |
Capital Gain Distribution Analysis
WIREX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 19, 2023 | $0.063 | CapitalGainLongTerm |
Dec 19, 2022 | $0.612 | CapitalGainLongTerm |