Dividend Investing Ideas Center
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 07/07/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-11.6%
1 yr return
-8.5%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
1.5%
Net Assets
$12 M
Holdings in Top 10
72.8%
Expense Ratio 3.79%
Front Load N/A
Deferred Load N/A
Turnover 13.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
$1,000
Fund Type
Open End Mutual Fund
Name
As of 07/07/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund seeks to achieve its investment objective, utilizing a fund of funds structure, by allocating assets among various strategies based on the advisers research and analysis regarding market trends. A market trend is the movement of a financial market in a particular direction over time. Under normal market conditions, the Fund invests, directly or indirectly through unaffiliated exchange traded funds (ETFs) and mutual funds (together with ETFs, Underlying Funds), at least 80% of its net assets (plus the amount of borrowings, if any) in long and short positions in municipal debt instruments. The Fund takes a long position, or purchases shares of a security, when the adviser believes a security will increase in value, and a short position, or sells shares of borrowed stock, when the adviser believes the value of a security will decrease. The Fund takes long and short positions in securities that provide returns similar to municipal bonds based on long, intermediate, and short-term trends. The adviser considers a long-term trend to be those that are observed over two years or more; intermediate trends to last between nine to 24 months; and short-term trends to take place up to nine months.
At least 80% of the Funds assets is invested in:
(1) | Underlying Funds that primarily invest in or are otherwise exposed to domestic municipal debt instruments; |
(2) | derivative instruments, including options, futures, total return swaps, or credit default swaps designed to replicate some or all of the features of an underlying portfolio of municipal bonds; and |
(3) | other U.S. or foreign fixed-income securities of any rating (including junk bonds). |
The Fund may also invest in U.S. or foreign cash equivalents including money market funds and treasuries.
The adviser seeks to achieve the Funds secondary objective by managing risk through hedging the Funds investment portfolio when it believes security prices will decline. The adviser will hedge by:
(i) | increasing allocations to cash equivalents or U.S. Treasury securities; |
(ii) | purchasing inverse mutual funds or inverse ETFs; and |
(iii) | selling short ETFs or securities the adviser believes have demonstrated a high correlation to municipal bonds. |
The Fund may invest in inverse funds linked to U.S. Treasury securities when the adviser believes this strategy will provide an effective hedge to manage interest rate risk.
Generally, the adviser does not attempt to evaluate individual securities. The adviser uses technical analysis, including monitoring price movements and price trends, of municipal bond markets in an effort to identify the proper weighting of the Funds portfolio. The advisers decision to buy or sell a Fund holding is made based on adviser developed trend and risk models that evaluate current market conditions, and this analysis guides the advisers determination of the appropriate exposure level to the municipal bond market. The adviser buys and sells securities and derivatives to increase or decrease the Funds exposure to the municipal bond market.
The Fund invests its assets such that at least 80% of the income distributed by the Fund will be tax-exempt.
The adviser may engage in active and frequent trading of the Funds portfolio securities and derivatives to achieve the Funds investment objective.
Period | ATMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -11.6% | -86.8% | 8.7% | 84.84% |
1 Yr | -8.5% | -16.3% | 15.7% | 90.12% |
3 Yr | -0.2%* | -6.2% | 10.3% | 75.87% |
5 Yr | 1.5%* | -3.5% | 5.7% | 48.62% |
10 Yr | N/A* | -0.6% | 8.3% | N/A |
* Annualized
Period | ATMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -91.1% | 101.7% | 7.01% |
2022 | -0.3% | -79.2% | 310.0% | 90.70% |
2021 | 11.7% | -66.1% | 15.4% | 0.20% |
2020 | -4.0% | -57.4% | 97.2% | 91.45% |
2019 | 1.3% | -100.0% | 6.8% | 43.76% |
Period | ATMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -11.6% | -86.8% | 8.7% | 84.21% |
1 Yr | -8.5% | -16.3% | 23.6% | 74.00% |
3 Yr | -0.2%* | -7.0% | 11.5% | 65.14% |
5 Yr | 1.5%* | -4.0% | 5.7% | 40.37% |
10 Yr | N/A* | -0.6% | 8.3% | N/A |
* Annualized
Period | ATMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -91.1% | 101.7% | 7.05% |
2022 | -0.3% | -79.2% | 310.0% | 90.70% |
2021 | 12.0% | -66.1% | 15.4% | 0.25% |
2020 | -2.6% | -57.4% | 97.2% | 73.04% |
2019 | 2.3% | -48.8% | 7.0% | 25.63% |
ATMSX | Category Low | Category High | ATMSX % Rank | |
---|---|---|---|---|
Net Assets | 12 M | 1.23 M | 73.9 B | 98.36% |
Number of Holdings | 17 | 1 | 14000 | 89.45% |
Net Assets in Top 10 | 12.2 M | -317 M | 8.64 B | 68.30% |
Weighting of Top 10 | 72.77% | 2.4% | 100.0% | 14.46% |
Weighting | Return Low | Return High | ATMSX % Rank | |
---|---|---|---|---|
Bonds | 68.39% | 0.00% | 150.86% | 99.69% |
Cash | 31.38% | -50.86% | 100.00% | 0.13% |
Stocks | 0.23% | -0.03% | 4.63% | 2.12% |
Preferred Stocks | 0.00% | -1.79% | 0.04% | 14.22% |
Other | 0.00% | -13.03% | 30.01% | 15.67% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 14.53% |
Weighting | Return Low | Return High | ATMSX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | 43.75% |
Technology | 0.00% | 0.00% | 0.00% | 43.75% |
Real Estate | 0.00% | 0.00% | 0.00% | 43.75% |
Industrials | 0.00% | 0.00% | 100.00% | 18.75% |
Healthcare | 0.00% | 0.00% | 0.00% | 43.75% |
Financial Services | 0.00% | 0.00% | 0.00% | 43.75% |
Energy | 0.00% | 0.00% | 0.00% | 43.75% |
Communication Services | 0.00% | 0.00% | 100.00% | 43.75% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 43.75% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 62.50% |
Basic Materials | 0.00% | 0.00% | 0.00% | 93.75% |
Weighting | Return Low | Return High | ATMSX % Rank | |
---|---|---|---|---|
US | 0.23% | -0.03% | 4.63% | 2.12% |
Non US | 0.00% | 0.00% | 0.00% | 14.30% |
Weighting | Return Low | Return High | ATMSX % Rank | |
---|---|---|---|---|
Municipal | 65.23% | 0.00% | 100.00% | 99.82% |
Cash & Equivalents | 34.76% | 0.00% | 100.00% | 0.09% |
Corporate | 0.01% | 0.00% | 9.99% | 16.20% |
Derivative | 0.00% | 0.00% | 21.68% | 14.39% |
Securitized | 0.00% | 0.00% | 5.93% | 15.45% |
Government | 0.00% | 0.00% | 52.02% | 19.69% |
Weighting | Return Low | Return High | ATMSX % Rank | |
---|---|---|---|---|
US | 65.83% | 0.00% | 142.23% | 99.65% |
Non US | 2.56% | 0.00% | 62.14% | 27.46% |
ATMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.79% | 0.02% | 3.79% | 0.04% |
Management Fee | 1.60% | 0.00% | 1.60% | 100.00% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 37.02% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
ATMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 4.90% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
ATMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 66.67% |
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.
ATMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 13.00% | 0.00% | 283.00% | 33.76% |
ATMSX | Category Low | Category High | ATMSX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.27% | 0.00% | 35.27% | 40.71% |
ATMSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
ATMSX | Category Low | Category High | ATMSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.62% | -0.53% | 24.00% | 66.13% |
ATMSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Jun 30, 2022 | $0.049 | OrdinaryDividend |
Jun 02, 2022 | $0.011 | OrdinaryDividend |
May 04, 2022 | $0.008 | OrdinaryDividend |
Dec 13, 2021 | $0.047 | OrdinaryDividend |
Dec 03, 2021 | $0.014 | OrdinaryDividend |
Nov 03, 2021 | $0.012 | OrdinaryDividend |
Sep 03, 2021 | $0.018 | OrdinaryDividend |
Aug 04, 2021 | $0.014 | OrdinaryDividend |
Jul 06, 2021 | $0.015 | OrdinaryDividend |
Jun 03, 2021 | $0.015 | OrdinaryDividend |
May 04, 2021 | $0.014 | OrdinaryDividend |
Apr 05, 2021 | $0.013 | OrdinaryDividend |
Mar 03, 2021 | $0.016 | OrdinaryDividend |
Dec 10, 2020 | $0.020 | OrdinaryDividend |
Dec 03, 2020 | $0.013 | OrdinaryDividend |
Nov 04, 2020 | $0.012 | OrdinaryDividend |
Oct 05, 2020 | $0.013 | OrdinaryDividend |
Sep 03, 2020 | $0.014 | OrdinaryDividend |
Aug 05, 2020 | $0.010 | OrdinaryDividend |
Jul 06, 2020 | $0.012 | OrdinaryDividend |
Jun 03, 2020 | $0.004 | OrdinaryDividend |
May 05, 2020 | $0.011 | OrdinaryDividend |
Apr 03, 2020 | $0.013 | OrdinaryDividend |
Mar 04, 2020 | $0.016 | OrdinaryDividend |
Feb 05, 2020 | $0.011 | OrdinaryDividend |
Dec 20, 2019 | $0.020 | OrdinaryDividend |
Dec 04, 2019 | $0.017 | OrdinaryDividend |
Nov 05, 2019 | $0.008 | OrdinaryDividend |
Oct 03, 2019 | $0.010 | OrdinaryDividend |
Sep 05, 2019 | $0.016 | OrdinaryDividend |
Aug 05, 2019 | $0.016 | OrdinaryDividend |
Jul 03, 2019 | $0.016 | OrdinaryDividend |
Jun 05, 2019 | $0.018 | OrdinaryDividend |
May 03, 2019 | $0.012 | OrdinaryDividend |
Apr 01, 2019 | $0.018 | OrdinaryDividend |
Mar 05, 2019 | $0.020 | OrdinaryDividend |
Feb 05, 2019 | $0.027 | OrdinaryDividend |
Dec 27, 2018 | $0.012 | OrdinaryDividend |
Nov 29, 2018 | $0.020 | OrdinaryDividend |
Aug 30, 2018 | $0.060 | OrdinaryDividend |
May 30, 2018 | $0.032 | OrdinaryDividend |
Feb 27, 2018 | $0.017 | OrdinaryDividend |
Dec 22, 2017 | $0.032 | OrdinaryDividend |
Nov 29, 2017 | $0.053 | OrdinaryDividend |
Aug 30, 2017 | $0.003 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Sep 06, 2016
5.73
5.7%
Eric Leake is President and Chief Investment Officer to Anchor Capital. Mr. Leake is a level II Chartered Market Technician, member of the Market Technicians Association, American Association of Professional Technical Analysts (AAPTA), and a former board memeber to the National Association of Active Investment Managers. Mr. Leake is also a member of the Board of Trustees for the Cambria ETF Trust, a manager to several listed exchange traded funds. Mr. Leake attended Azusa Pacific University majoring in Communications and is an active surfer and coach to youth AYSO soccer and NJB basketball teams.
Start Date
Tenure
Tenure Rank
Sep 06, 2016
5.73
5.7%
Garrett Waters is Chief Executive Officer to Anchor Capital. Before joining Anchor Capital in 2009 Garrett began his investment career in New York City with J.P. Morgan Investment Management within its Institutional Investment Management division, then as a principal with Barclays Global Investors. Mr. Waters was involved in institutional and private fund management with Hollencrest Capital Management in 2001 and Pacific Financial Advisers. Garrett is a graduate of Villanova University with a degree in business. Garrett is the former Commissioner for Beaches, Parks and Recreation for the city of San Clemente and is an active surfer and tennis player. Garrett lives in San Clemente, CA along with his wife and two children.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.22 | 1.58 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...