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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
13.9%
1 yr return
22.8%
3 Yr Avg Return
1.5%
5 Yr Avg Return
5.6%
Net Assets
$42 M
Holdings in Top 10
62.2%
Expense Ratio 2.11%
Front Load 5.75%
Deferred Load N/A
Turnover 219.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds (ETFs) and closed-end funds (collectively, the Underlying Funds) in domestic and foreign (including emerging markets) (i) fixed income securities of any maturity or credit quality (including junk bonds); (ii) equity securities of any market capitalization; and (iii) exchange traded notes (ETNs).
In selecting securities for the Fund, the Funds adviser, Absolute Capital Management, LLC (the Adviser), first identifies a universe of investable securities by analyzing market trends in equity and fixed income securities by evaluating both quantitative and qualitative data, including the overall price movement of various indices that represent different segments of the market. The Adviser uses this assessment to allocate the Funds assets among the asset classes described above. If, for example, an index that represents domestic equity securities indicates to the Adviser that the domestic equity segment of the market is increasing in value while an index that represents domestic fixed income securities is decreasing in value, the Fund would allocate the Funds portfolio to equities instead of fixed income or cash. The asset classes and weightings of the Fund vary over time based on the Advisers analysis and in response to changing market conditions, which generally results in high portfolio turnover.
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.9% | -2.8% | 27.4% | 29.49% |
1 Yr | 22.8% | 1.3% | 51.5% | 31.34% |
3 Yr | 1.5%* | -21.3% | 11.6% | 47.44% |
5 Yr | 5.6%* | -11.8% | 23.0% | 41.18% |
10 Yr | N/A* | -4.8% | 9.8% | N/A |
* Annualized
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -18.9% | 60.2% | 18.52% |
2022 | -18.4% | -48.5% | 0.1% | 66.51% |
2021 | 6.1% | -19.0% | 48.3% | 33.18% |
2020 | 5.6% | -16.5% | 52.8% | 50.00% |
2019 | 9.9% | -8.5% | 26.6% | 51.76% |
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.9% | -2.8% | 27.4% | 29.49% |
1 Yr | 22.8% | 1.3% | 51.5% | 31.34% |
3 Yr | 1.5%* | -21.3% | 11.6% | 47.44% |
5 Yr | 5.6%* | -11.8% | 23.0% | 41.18% |
10 Yr | N/A* | -4.8% | 9.8% | N/A |
* Annualized
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -11.7% | 61.8% | 29.17% |
2022 | -18.4% | -48.5% | 4.6% | 83.72% |
2021 | 15.2% | -14.2% | 48.3% | 24.77% |
2020 | 5.6% | -11.7% | 77.4% | 61.27% |
2019 | 10.3% | -3.9% | 28.4% | 76.38% |
AAMAX | Category Low | Category High | AAMAX % Rank | |
---|---|---|---|---|
Net Assets | 42 M | 1.98 M | 12.4 B | 78.80% |
Number of Holdings | 34 | 2 | 2274 | 57.60% |
Net Assets in Top 10 | 28.7 M | 1.55 M | 9.46 B | 74.65% |
Weighting of Top 10 | 62.19% | 20.8% | 109.8% | 64.06% |
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
Stocks | 82.21% | 0.00% | 145.83% | 60.37% |
Bonds | 14.80% | 0.00% | 106.59% | 29.49% |
Cash | 3.00% | -33.22% | 99.64% | 51.15% |
Convertible Bonds | 0.39% | 0.00% | 8.92% | 33.18% |
Preferred Stocks | 0.00% | -0.09% | 5.36% | 29.03% |
Other | 0.00% | -29.71% | 135.29% | 49.77% |
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
Industrials | 14.15% | 0.00% | 23.85% | 12.02% |
Consumer Defense | 13.85% | 0.00% | 37.51% | 16.39% |
Healthcare | 13.69% | 0.00% | 38.63% | 33.88% |
Utilities | 13.30% | 0.00% | 91.12% | 8.20% |
Technology | 12.31% | 0.00% | 85.77% | 66.12% |
Basic Materials | 8.14% | 0.00% | 56.73% | 10.38% |
Communication Services | 8.05% | 0.00% | 21.61% | 25.14% |
Financial Services | 7.87% | 0.00% | 98.22% | 76.50% |
Consumer Cyclical | 3.44% | 0.00% | 25.83% | 78.69% |
Energy | 3.14% | 0.00% | 60.89% | 75.96% |
Real Estate | 2.07% | 0.00% | 99.45% | 65.03% |
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
US | 82.21% | 0.00% | 145.83% | 56.22% |
Non US | 0.00% | -1.94% | 38.53% | 36.87% |
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
Government | 15.86% | 0.00% | 99.78% | 67.28% |
Corporate | 15.41% | 0.00% | 95.17% | 29.03% |
Cash & Equivalents | 3.00% | 0.00% | 99.38% | 45.62% |
Municipal | 0.32% | 0.00% | 19.13% | 9.68% |
Securitized | 0.17% | 0.00% | 52.99% | 46.08% |
Derivative | 0.00% | -15.85% | 135.29% | 43.78% |
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
US | 14.80% | 0.00% | 92.67% | 28.11% |
Non US | 0.00% | 0.00% | 26.57% | 31.80% |
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.11% | 0.45% | 10.24% | 34.10% |
Management Fee | 1.00% | 0.00% | 1.50% | 68.20% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 39.58% |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 19.44% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 219.00% | 1.75% | 441.00% | 86.21% |
AAMAX | Category Low | Category High | AAMAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 24.95% | 85.71% |
AAMAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
AAMAX | Category Low | Category High | AAMAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.21% | -2.01% | 13.72% | 68.20% |
AAMAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 29, 2021 | $0.453 | CapitalGainShortTerm |
Dec 29, 2021 | $0.539 | CapitalGainLongTerm |
Dec 26, 2019 | $0.037 | OrdinaryDividend |
Dec 26, 2018 | $0.254 | CapitalGainShortTerm |
Dec 26, 2018 | $0.833 | CapitalGainLongTerm |
Dec 26, 2017 | $0.242 | CapitalGainShortTerm |
Dec 26, 2017 | $0.172 | CapitalGainLongTerm |
Dec 27, 2016 | $0.043 | OrdinaryDividend |
Dec 27, 2016 | $0.114 | CapitalGainShortTerm |
Start Date
Tenure
Tenure Rank
Dec 18, 2015
6.45
6.5%
Mr. Gebben is responsible for portfolio management, research, product design and operations. He has been the portfolio manager of this strategy since its inception. He earned an MBA from the University of Illinois, Springfield and his BA from Illinois Wesleyan University. He holds a Certified Investment Management Analyst, CIMA (R), designation through IMCA in conjunction with the Wharton School of Business.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.83 | 6.67 | 13.0 |
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