Continue to site >
Trending ETFs

Hundredfold Select Alternative Fund

mutual fund
HFSAX
Payout Change
Pending
Price as of:
$24.12 +0.06 +0.25%
primary theme
Tactical Allocation
share class
HFSAX (Mutual Fund)

Hundredfold Select Alternative Fund

Payout Change
Pending
Price as of:
$24.12 +0.06 +0.25%
primary theme
Tactical Allocation
share class
HFSAX (Mutual Fund)

Hundredfold Select Alternative Fund

Payout Change
Pending
Price as of:
$24.12 +0.06 +0.25%
primary theme
Tactical Allocation
share class

Name

As of 06/13/2024

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

$24.12

$178 M

0.00%

1.39%

Vitals

YTD Return

0.2%

1 yr return

9.3%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

9.0%

Net Assets

$178 M

Holdings in Top 10

95.3%

52 WEEK LOW AND HIGH

$24.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/13/2024

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

$24.12

$178 M

0.00%

1.39%

HFSAX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 9.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hundredfold Select Alternative Fund
  • Fund Family Name
    Quantified Funds
  • Inception Date
    Oct 24, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ralph Doudera

Fund Description

Hundredfold Advisors LLC (“Hundredfold” or the “Subadviser”) actively manages the Fund’s portfolio to invest primarily in any combination of equity and fixed-income securities based on market conditions and trends and the Subadviser’s expectations and assessment of risks. Equity securities are common and preferred stocks. The term “Alternative” in the Fund’s name simply refers to the fact that the Subadviser may choose from among many investment alternatives and alternative strategies such as taking short exposure to an asset class. Although the Fund may invest directly in equity and fixed-income securities, it will primarily invest in such securities indirectly through securities that invest in or are a derivative of such securities, primarily including futures contracts, swap agreements, exchange-traded funds (“ETFs”), naked and covered options on such instruments, currencies, and other unaffiliated investment companies. The Subadviser may also select long or short commodity futures of any kind to seek to enhance returns or hedge economic risk related to the portfolio. It may also seek exposure to securities of foreign issuers including those in emerging markets. The Fund also may invest in depositary receipts, including sponsored and unsponsored American Depositary Receipts (“ADRs”), which are traded on exchanges and provide an alternative to investing directly in foreign securities. The Fund’s investments may also include securities issued by master limited partnerships (“MLPs”), provided that the Fund may not invest more than 10% of its net assets in such securities. The Fund may invest up to 15% of its total assets to indirectly gain exposure to Bitcoin, through shares of Grayscale® Bitcoin Trust, ProShares Bitcoin Strategy ETF, and Bitcoin futures contracts. The Fund does not make direct investments in Bitcoin. For purposes of this 15% limit, these investments are measured at market value and futures at notional value, respectively. Grayscale® Bitcoin Trust is a Delaware statutory trust that holds Bitcoin and issues common units of fractional undivided beneficial interest (shares) that trade in the over-the-counter market.

The Fund invests directly or indirectly in fixed-income securities without any restriction on maturity or creditworthiness, which primarily includes U.S. government securities, municipal securities, asset-backed debt securities, mortgaged-backed securities, floating notes and debt securities rated below investment grade, also known as “junk bonds”. The Fund invests in equity securities without restriction to any specific sector or market capitalization range. The Subadviser’s investment decisions are based on a variety of trading models and an analysis of the overall investment opportunities and risks among categories or sectors of equity and fixed-income securities or investment vehicles that represent pools of such securities, such as major market indices, investment companies and ETFs. The Subadviser’s strategy does not involve fundamental research and analysis of individual securities. The Fund is a diversified fund, meaning that the Fund is limited in the proportion of its assets that may be invested in the securities of a single issuer and may cause the Fund to benefit less from appreciation in a single issuer than if it had greater exposure to that issuer. The Fund employs an aggressive management strategy that typically results in high portfolio turnover.

The Subadviser employs an investment strategy that alternates between positions designed to profit from market trends, such as entering into “long” and “short” positions, directly or indirectly through ETFs, other investment companies and derivatives of equity and fixed-income securities and investing in cash or cash equivalents as a defensive measure. The Subadviser seeks to take “long” positions prior to or at the outset of upward trends in prices and seeks to take “short” positions prior to or early in downward trends in prices. The Fund does not set a limit on the amount of the Fund’s assets long or short that may be invested in derivative instruments or used to cover short positions. However, margin requirements and government regulations will constrain the use of derivative instruments and short positions. The Subadviser may reposition the Fund’s portfolio in response to market movements in an attempt to participate in a developing trend and may attempt to anticipate market moves and initiate appropriate action in advance of actual market trends. The Subadviser will employ leveraged investment techniques, such as futures, which allow the Fund to increase its exposure to the market during times when the Subadviser anticipates a strong market trend. The low margin deposits normally required in trading derivatives, including futures contracts, permit a high degree of leverage. The Subadviser also may employ hedging strategies designed to reduce volatility and risk.

The Fund expects to gain exposure to the commodities market and Bitcoin indirectly by investing up to 25% of its total assets (measured at the time of investment) in a wholly owned and controlled subsidiary (the “Subsidiary”), which is designed to enhance the ability of the Fund to obtain indirect exposure to both the commodities market and Bitcoin consistent with the limits of the U.S. federal tax law requirements applicable to registered investment companies. Unlike the Fund, the Subsidiary may invest without limitation indirectly in commodity-linked derivatives or Bitcoin-linked investments, however, the Subsidiary will comply with the same Investment Company Act of 1940, as amended (the “1940 Act”) asset coverage requirements, when viewed on a consolidated basis with the Fund, with respect to its investments in derivatives. The Subsidiary will comply with the 15% Bitcoin limits described above, when viewed on a consolidated basis with the Fund.

Read More

HFSAX - Performance

Return Ranking - Trailing

Period HFSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -1.6% 25.7% 89.45%
1 Yr 9.3% -7.6% 41.2% 54.38%
3 Yr -1.1%* -21.3% 11.3% 70.83%
5 Yr 9.0%* -11.9% 23.8% 8.42%
10 Yr 6.9%* -4.7% 10.1% 5.34%

* Annualized

Return Ranking - Calendar

Period HFSAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -18.9% 60.2% 59.45%
2022 -13.7% -48.5% 0.1% 26.85%
2021 -1.7% -19.0% 48.3% 73.49%
2020 20.8% -16.5% 52.8% 11.71%
2019 3.6% -8.5% 27.3% 87.00%

Total Return Ranking - Trailing

Period HFSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -1.6% 25.7% 89.45%
1 Yr 9.3% -7.6% 41.2% 54.38%
3 Yr -1.1%* -21.3% 11.3% 70.83%
5 Yr 9.0%* -11.9% 23.8% 8.42%
10 Yr 6.9%* -4.7% 10.1% 5.34%

* Annualized

Total Return Ranking - Calendar

Period HFSAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.3% -11.7% 61.8% 47.47%
2022 -9.4% -48.5% 4.6% 23.15%
2021 7.3% -14.2% 48.3% 73.02%
2020 38.7% -11.7% 77.4% 2.93%
2019 10.4% -3.9% 28.4% 76.00%

NAV & Total Return History


HFSAX - Holdings

Concentration Analysis

HFSAX Category Low Category High HFSAX % Rank
Net Assets 178 M 1.98 M 13.3 B 55.50%
Number of Holdings 23 3 2550 70.18%
Net Assets in Top 10 169 M 1.37 M 10.3 B 42.66%
Weighting of Top 10 95.33% 21.1% 120.6% 20.64%

Top 10 Holdings

  1. FID-MM GOVT-I 12.16%
  2. B 05/16/24 11.63%
  3. CS-PR SEC I-F 10.50%
  4. SEI-HI YLD BD-Y 10.27%
  5. LA-S/D H/Y-I 10.24%
  6. PYDN-HI INC-INV 10.20%
  7. FRANK-F/R D-R6 10.05%
  8. NUVEEN SYMPHONY FLOATING- 9.98%
  9. JPM-PREF INC-R6 5.26%
  10. B 05/09/24 5.03%

Asset Allocation

Weighting Return Low Return High HFSAX % Rank
Stocks
66.51% 0.00% 139.66% 71.56%
Bonds
17.95% 0.00% 106.59% 27.98%
Cash
14.81% -33.22% 88.48% 18.35%
Other
0.94% -29.71% 137.85% 20.64%
Convertible Bonds
0.51% 0.00% 8.92% 28.44%
Preferred Stocks
0.00% -0.07% 5.36% 66.97%

Stock Sector Breakdown

Weighting Return Low Return High HFSAX % Rank
Real Estate
97.04% 0.00% 99.45% 4.35%
Financial Services
2.84% 0.00% 98.22% 85.87%
Industrials
0.12% 0.00% 23.85% 93.48%
Utilities
0.00% 0.00% 91.12% 97.83%
Technology
0.00% 0.00% 85.77% 94.57%
Healthcare
0.00% 0.00% 38.63% 97.83%
Energy
0.00% 0.00% 60.89% 97.28%
Communication Services
0.00% 0.00% 21.61% 94.02%
Consumer Defense
0.00% 0.00% 37.51% 97.28%
Consumer Cyclical
0.00% 0.00% 25.83% 97.83%
Basic Materials
0.00% 0.00% 56.73% 97.28%

Stock Geographic Breakdown

Weighting Return Low Return High HFSAX % Rank
US
66.51% 0.00% 139.66% 68.35%
Non US
0.00% -1.94% 38.99% 70.18%

Bond Sector Breakdown

Weighting Return Low Return High HFSAX % Rank
Cash & Equivalents
14.81% 0.00% 80.17% 18.81%
Securitized
5.18% 0.00% 52.99% 24.31%
Corporate
1.69% 0.00% 95.17% 59.17%
Derivative
0.94% -17.98% 137.85% 19.27%
Government
0.46% 0.00% 99.78% 79.36%
Municipal
0.04% 0.00% 19.13% 31.19%

Bond Geographic Breakdown

Weighting Return Low Return High HFSAX % Rank
US
17.95% 0.00% 92.67% 27.98%
Non US
0.00% 0.00% 26.43% 70.64%

HFSAX - Expenses

Operational Fees

HFSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.49% 10.24% 66.51%
Management Fee 1.00% 0.00% 1.50% 77.52%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.70% 100.00%

Sales Fees

HFSAX 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% 1.00% N/A

Trading Fees

HFSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

HFSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.75% 441.00% 95.60%

HFSAX - Distributions

Dividend Yield Analysis

HFSAX Category Low Category High HFSAX % Rank
Dividend Yield 0.00% 0.00% 24.95% 5.50%

Dividend Distribution Analysis

HFSAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual SemiAnnual Annual

Net Income Ratio Analysis

HFSAX Category Low Category High HFSAX % Rank
Net Income Ratio 0.40% -2.01% 13.72% 48.62%

Capital Gain Distribution Analysis

HFSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

HFSAX - Fund Manager Analysis

Managers

Ralph Doudera


Start Date

Tenure

Tenure Rank

Sep 01, 2004

17.76

17.8%

Ralph Doudera is the CEO of Spectrum Financial, Inc., a Registered Investment Advisory firm that is responsible for investing hundreds of millions of dollars of client assets. Over the past 25 years Spectrum’s investment and trading philosophy has strived to consistently provide above average investment returns while minimizing downside losses. He is also an investment strategist to Hundredfold Advisors, managing two mutual funds. Mr. Doudera has a Bachelor’s Degree in Mechanical Engineering and a Master’s Degree in Management and Finance from New Jersey Institute of Technology. He has also received a Master’s Degree in Biblical Studies from Regent University. He founded Simply Distribute Foundation, which contributes to organizations promoting microfinance, supporting third world children hospitals, building orphanages and churches, and evangelism. He believes this is the best way to make positive changes in this world. Ralph has five grown children, two stepdaughters, and eight grandchildren. His activities are diverse, from auto racing to composing music and playing the piano on his Church worship team. He also enjoys surfing in Costa Rica where he currently owns the beachfront Casa Cecilia Hotel in St. Teresa, Costa Rica. His first book, Wealth Conundrum, is now in its third printing, and it addresses the puzzles of wealth from a Biblical perspective. It is also available in Korean, and Arabic versions.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0