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Trending ETFs

Fulcrum Diversified Absolute Return Fund

mutual fund
FARIX
Payout Change
Pending
Price as of:
$9.87 +0.0 +0.0%
primary theme
N/A
share class
FARIX (Mutual Fund)

Fulcrum Diversified Absolute Return Fund

Payout Change
Pending
Price as of:
$9.87 +0.0 +0.0%
primary theme
N/A
share class
FARIX (Mutual Fund)

Fulcrum Diversified Absolute Return Fund

Payout Change
Pending
Price as of:
$9.87 +0.0 +0.0%
primary theme
N/A
share class

Name

As of 12/06/2024

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

$9.87

$201 M

0.74%

$0.07

1.26%

Vitals

YTD Return

9.7%

1 yr return

11.8%

3 Yr Avg Return

4.0%

5 Yr Avg Return

5.4%

Net Assets

$201 M

Holdings in Top 10

48.4%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

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

$9.87

$201 M

0.74%

$0.07

1.26%

FARIX - Profile

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.98%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Fulcrum Diversified Absolute Return Fund
  • Fund Family Name
    Anchor Funds
  • Inception Date
    Jul 31, 2015
  • Shares Outstanding
    8227108
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Suhail Shaikh

Fund Description

The Fund aims to hold a diversified portfolio and achieve long-term absolute returns in all market conditions over rolling five-year periods, with lower volatility than equity markets and in excess of inflation. The Fund implements its strategy by investing globally either directly, or through derivatives, in a broad range of instruments, including, but not limited to, equity, fixed income, currency, commodity, credit derivative and cash instruments (including U.S. treasury bills). The Fund may invest in fixed income securities of any credit rating, maturity or duration. Fixed income securities may include floating rate and variable rate products. Derivatives, including futures, forwards, options and swaps, are utilized for investment and for hedging purposes. Derivatives are financial contracts whose value depends upon, or is derived from, the value of an underlying asset, reference rate, or index, and may relate to equity securities, fixed income securities, interest rates, commodities, or currency exchange rates and related indexes. Swaps may include, but are not limited to, currency swaps, equity index swaps, interest rate swaps and credit default index swaps.

The Fund is managed with an aim to limit forward looking volatility to 12%, which is expected to be lower than the volatility of equity markets. Forward looking volatility refers to the estimated volatility that a portfolio is taking based on short term volatility forecasts, such as those implied from option prices. By aiming to limit forward looking volatility to 12%, exposure to equities, commodities and credit, for example, are limited at times of market stress when volatility typically spikes and the probability of losses is especially high. On an intra-day basis, forward looking volatility may exceed 12%, but a risk reduction is implemented such that it falls below 12% by the close of each trading day.

The Fund may also invest up to 25% of its assets in a subsidiary that is invested in derivative instruments (the “Subsidiary”), which is wholly-owned by the Fund and is organized under the laws of the Cayman Islands. The Fund does not control any other entity. The Subsidiary pursues the same investment objective as the Fund. The Subsidiary invests primarily in commodity futures and options and other commodity-linked derivative instruments, but it may also invest in financial futures, option and swap contracts, fixed income securities, and other investments intended to serve as margin or collateral for the Subsidiary’s derivative positions. The Fund invests in the Subsidiary with the intent of gaining exposure to the commodities markets while meeting the requirements applicable to a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). Unlike the Fund, the Subsidiary may invest without limitation in commodity-linked derivatives.

Under normal circumstances, the Fund anticipates to allocate at least 50% of its total assets in global securities outside of the United States (or derivatives with similar economic characteristics). In doing so, the Fund allocates its assets among various regions and countries, including emerging markets.

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FARIX - Performance

Return Ranking - Trailing

Period FARIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -73.0% 19.4% 14.34%
1 Yr 11.8% -9.1% 86.9% 61.82%
3 Yr 4.0%* -9.5% 16.2% 19.68%
5 Yr 5.4%* -4.9% 14.4% 26.46%
10 Yr N/A* -0.9% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period FARIX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.7% -22.7% 305.1% 50.37%
2022 0.7% -9.8% 27.3% 29.44%
2021 -4.4% -20.8% 10.9% 82.22%
2020 1.7% -12.4% 29.4% 93.07%
2019 6.9% -10.5% 15.8% 54.45%

Total Return Ranking - Trailing

Period FARIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -73.0% 19.4% 14.70%
1 Yr 11.8% -13.4% 86.9% 57.45%
3 Yr 4.0%* -9.5% 16.2% 18.47%
5 Yr 5.4%* -5.3% 14.4% 24.22%
10 Yr N/A* -0.9% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FARIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -22.7% 305.1% 50.37%
2022 2.0% -9.8% 27.3% 29.84%
2021 4.3% -20.8% 10.9% 86.22%
2020 9.7% -8.4% 29.4% 82.18%
2019 6.9% -10.2% 18.0% 58.64%

NAV & Total Return History


FARIX - Holdings

Concentration Analysis

FARIX Category Low Category High FARIX % Rank
Net Assets 201 M 1.5 M 5.01 B 60.52%
Number of Holdings 1067 4 4478 35.69%
Net Assets in Top 10 92.8 M -398 M 2.55 B 56.18%
Weighting of Top 10 48.44% 13.1% 100.0% 43.95%

Top 10 Holdings

  1. B 12/05/24 12.48%
  2. B 10/31/24 6.84%
  3. B 10/03/24 6.37%
  4. B 01/09/25 5.77%
  5. B 01/16/25 5.77%
  6. B 02/27/25 3.92%
  7. B 12/19/24 3.84%
  8. B 03/13/25 1.56%
  9. GSGLPHRE TRS 02/13/ 1.30%
  10. MICROSOFT CORP 0.60%

Asset Allocation

Weighting Return Low Return High FARIX % Rank
Bonds
46.55% -326.45% 6347.80% 28.27%
Cash
33.08% -6278.21% 410.43% 89.75%
Stocks
16.46% -3.75% 97.95% 81.63%
Other
3.03% -21.53% 148.54% 7.42%
Preferred Stocks
0.00% -0.12% 46.97% 83.75%
Convertible Bonds
0.00% 0.00% 87.92% 42.40%

Stock Sector Breakdown

Weighting Return Low Return High FARIX % Rank
Utilities
0.00% 0.00% 9.23% 33.46%
Technology
0.00% 0.00% 39.58% 36.22%
Real Estate
0.00% 0.00% 51.26% 44.09%
Industrials
0.00% 0.00% 21.45% 66.93%
Healthcare
0.00% 0.00% 45.63% 36.61%
Financial Services
0.00% 0.00% 59.28% 43.70%
Energy
0.00% 0.00% 100.00% 32.68%
Communication Services
0.00% 0.00% 21.78% 29.92%
Consumer Defense
0.00% 0.00% 13.62% 27.56%
Consumer Cyclical
0.00% 0.00% 29.09% 54.33%
Basic Materials
0.00% 0.00% 27.46% 38.98%

Stock Geographic Breakdown

Weighting Return Low Return High FARIX % Rank
US
13.57% -8.85% 91.88% 57.60%
Non US
2.89% -19.62% 42.11% 96.11%

Bond Sector Breakdown

Weighting Return Low Return High FARIX % Rank
Government
35.49% 0.00% 84.29% 30.04%
Derivative
3.03% 0.00% 88.81% 10.60%
Cash & Equivalents
0.00% 0.27% 100.00% 68.90%
Securitized
0.00% 0.00% 56.83% 92.58%
Corporate
0.00% 0.00% 87.73% 68.55%
Municipal
0.00% 0.00% 27.33% 85.87%

Bond Geographic Breakdown

Weighting Return Low Return High FARIX % Rank
US
46.55% -126.19% 6311.18% 21.20%
Non US
0.00% -382.37% 121.02% 66.08%

FARIX - Expenses

Operational Fees

FARIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.26% 0.29% 31.15% 81.29%
Management Fee 0.90% 0.00% 2.50% 40.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FARIX 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% 5.00% N/A

Trading Fees

FARIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

FARIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 491.00% 39.11%

FARIX - Distributions

Dividend Yield Analysis

FARIX Category Low Category High FARIX % Rank
Dividend Yield 0.74% 0.00% 4.56% 82.33%

Dividend Distribution Analysis

FARIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

FARIX Category Low Category High FARIX % Rank
Net Income Ratio -0.98% -2.51% 6.83% 60.43%

Capital Gain Distribution Analysis

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

Distributions History

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FARIX - Fund Manager Analysis

Managers

Suhail Shaikh


Start Date

Tenure

Tenure Rank

Jul 31, 2015

6.84

6.8%

Suhail Shaikh is Director of Investment Strategy. He previously worked at Goldman Sachs:Income & Currency Asset Management (2000-2002). From 2002-2005 he worked in their Investment Strategy Group. Suhail studied at the London School of Economics & Political Sciences (1997-2000) and has been a CFA Charterholder since 2003.

Andrew Stevens


Start Date

Tenure

Tenure Rank

Jul 31, 2015

6.84

6.8%

Andrew Stevens is Chief Executive Officer. He was previously Executive Director at Goldman Sachs, Investment Management Division from 1992 to 2004. Andrew received an MBA from Harvard Business School in 1992.

Gavyn Davies


Start Date

Tenure

Tenure Rank

Jul 31, 2015

6.84

6.8%

Gavyn Davies is Chairman and Chief Investment Officer. He was previously Chairman of the BBC and Chief Economist of Goldman Sachs International from 1985 to 2001. During his City career, which began in 1979, he was repeatedly ranked as the City’s top UK, European or Global Economist in surveys of institutional investors. From 1992 to 1997 he was a member of H.M Treasury's Independent Forecasting Panel; he was an economic policy advisor to the Prime Minister from 1976 to 1979 and joined the Policy Unit at 10 Downing Street in 1974.

Andrew Bevan


Start Date

Tenure

Tenure Rank

Jul 31, 2015

6.84

6.8%

Andrew Bevan was Managing Director and Head of Global Markets Research at Goldman Sachs from 1994 to 2005, Managing Director, Head of Financial Analytics and Structured Transactions Group at Bear Stearns from 1990 to 1994. Andrew received an PhD Theology from Kings College London in 1986.

Nabeel Abdoula


Start Date

Tenure

Tenure Rank

Jul 31, 2015

6.84

6.8%

Nabeel Abdoula, CFA Partner, Multi Asset Strategist, · Joined Fulcrum in 2011 · Goldman Sachs, Investment Strategy Group, 2007-2011 · CFA Charterholder since 2011 · BSc in Mathematics, Operational Research, Statistics and Economics, Warwick University, 2003-2007

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67