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Monetta Fund
mutual fund
MONTX
Payout Change
Suspended
Price as of:
$30.69
-0.01
-0.03%
primary theme
U.S. Large-Cap Growth Equity
share class
MONTX (Mutual Fund)
Monetta Fund
Payout Change
Suspended
Price as of:
$30.69
-0.01
-0.03%
primary theme
U.S. Large-Cap Growth Equity
share class
MONTX (Mutual Fund)
Monetta Fund
Payout Change
Suspended
Price as of:
$30.69
-0.01
-0.03%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/13/2024Price
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
Vitals
YTD Return
31.8%
1 yr return
33.6%
3 Yr Avg Return
8.5%
5 Yr Avg Return
14.0%
Net Assets
$76.6 M
Holdings in Top 10
49.9%
52 WEEK LOW AND HIGH
$30.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.46%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 55.20%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
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
MONTX - Profile
Distributions
- YTD Total Return 31.8%
- 3 Yr Annualized Total Return 8.5%
- 5 Yr Annualized Total Return 14.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.93%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMonetta Fund
-
Fund Family NameMonetta
-
Inception DateMay 06, 2013
-
Shares Outstanding2961424
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Bacarella
Fund Description
The Monetta Fund invests (at the time of investment) at least 65% of its net assets, under normal market conditions, in common stocks of companies of all market capitalization ranges, although Monetta Financial Services, Inc. (the “Adviser”) expects that the Fund will primarily invest in common stocks of large-cap companies (those with market capitalizations of at least $10 billion measured at the time of investment). The Fund may invest in more volatile sectors, which could result in a disproportionate return or loss compared to the S&P 500® Index, the Fund’s benchmark. As measured at the time of investment, the Fund may invest up to 5% of its net assets in exchange-traded funds (“ETFs”) and up to 10% of its net assets in foreign stocks, which is accomplished primarily through American Depositary Receipts (“ADRs”).
The Adviser employs a bottom-up, multi-faceted investment approach, which combines fundamental, technical, and macro-economic factors in its stock selection process. A stock’s relative volatility, versus that of its industry sector and the overall market, aids the Adviser in determining individual stocks’ buy and sell points.
The Adviser’s investment decisions for the Monetta Fund’s growth style of investing are based on the Adviser’s review of a company’s financial statements and other factors, including competitive landscape and recent product announcements. The Adviser also reviews quarterly earnings reports with an emphasis on management guidance. The Adviser generally
seeks to invest in companies with positive long-term earnings growth expectations and that the Adviser believes have favorable short-term technical and/or market factors, including price and volume trends, relative strength, and institutional interest. The Adviser seeks to invest in quality companies that have demonstrated a proven track record of earnings growth. The Adviser also emphasizes price direction, volume, and relative strength, which it believes to be harbingers of pending fundamental changes that could lead to more/less institutional ownership.
Depending on market conditions and the foregoing considerations, the Adviser may at times be very active in turning over the Fund’s portfolio. The Adviser’s investment decisions for the Fund’s growth style of investing are based on the Adviser’s determination that a company’s revenue and earnings growth have the potential to exceed market expectations and that the security is at an attractive entry point.
The Fund may make short-term investments, without limitation, for defensive purposes, which may provide lower returns than other types of investments. From time to time, the Fund may focus its investments in a particular sector, including the technology sector.
MONTX - Performance
Return Ranking - Trailing
| Period | MONTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.8% | -37.8% | 56.1% | 54.45% |
| 1 Yr | 33.6% | -36.3% | 134.4% | 60.09% |
| 3 Yr | 8.5%* | -21.2% | 35.4% | 54.60% |
| 5 Yr | 14.0%* | -12.8% | 32.8% | 78.44% |
| 10 Yr | 12.3%* | -3.9% | 21.1% | 80.53% |
* Annualized
Return Ranking - Calendar
| Period | MONTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.3% | -74.1% | 72.4% | 53.65% |
| 2022 | -33.1% | -85.9% | 4.7% | 43.56% |
| 2021 | 4.9% | -52.4% | 60.5% | 62.11% |
| 2020 | 24.1% | -34.3% | 145.0% | 58.97% |
| 2019 | 28.3% | -6.9% | 49.4% | 28.75% |
Total Return Ranking - Trailing
| Period | MONTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.8% | -37.8% | 56.1% | 54.45% |
| 1 Yr | 33.6% | -36.3% | 134.4% | 60.09% |
| 3 Yr | 8.5%* | -21.2% | 35.4% | 54.60% |
| 5 Yr | 14.0%* | -12.8% | 32.8% | 78.44% |
| 10 Yr | 12.3%* | -3.9% | 21.1% | 80.53% |
* Annualized
Total Return Ranking - Calendar
| Period | MONTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.3% | -4.6% | 72.4% | 71.81% |
| 2022 | -27.9% | -61.7% | 5.6% | 32.16% |
| 2021 | 17.8% | -39.8% | 118.1% | 71.28% |
| 2020 | 29.4% | 2.8% | 149.2% | 73.04% |
| 2019 | 28.3% | -5.2% | 49.4% | 86.44% |
NAV & Total Return History
MONTX - Holdings
Concentration Analysis
| MONTX | Category Low | Category High | MONTX % Rank | |
|---|---|---|---|---|
| Net Assets | 76.6 M | 296 K | 287 B | 90.93% |
| Number of Holdings | 51 | 2 | 3061 | 62.79% |
| Net Assets in Top 10 | 40.1 M | 126 K | 150 B | 90.38% |
| Weighting of Top 10 | 49.94% | 0.7% | 205.0% | 64.33% |
Top 10 Holdings
- Amazon.com Inc. 7.31%
- Alphabet, Inc. - CL C 6.88%
- NVIDIA Corp. 6.81%
- Microsoft Corp. 6.44%
- Apple Inc. 6.39%
- JPMorgan Chase Co. 3.94%
- First American Government Obligations Fund 3.35%
- Costco Wholesale Corp. 3.31%
- Meta Platforms Inc. - CL A 2.85%
- Netflix, Inc. 2.65%
Asset Allocation
| Weighting | Return Low | Return High | MONTX % Rank | |
|---|---|---|---|---|
| Stocks | 96.77% | 0.00% | 123.52% | 84.12% |
| Cash | 3.35% | 0.00% | 173.52% | 12.52% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 42.20% |
| Other | 0.00% | -36.56% | 50.35% | 48.00% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 33.64% |
| Bonds | 0.00% | 0.00% | 102.71% | 35.03% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MONTX % Rank | |
|---|---|---|---|---|
| Technology | 26.93% | 0.00% | 65.70% | 76.91% |
| Consumer Cyclical | 17.84% | 0.00% | 62.57% | 34.73% |
| Financial Services | 14.56% | 0.00% | 43.06% | 14.55% |
| Communication Services | 12.20% | 0.00% | 66.40% | 32.27% |
| Healthcare | 10.93% | 0.00% | 39.76% | 66.09% |
| Industrials | 7.80% | 0.00% | 30.65% | 25.18% |
| Energy | 4.80% | 0.00% | 41.09% | 9.18% |
| Consumer Defense | 3.85% | 0.00% | 25.50% | 47.18% |
| Basic Materials | 1.08% | 0.00% | 18.91% | 53.45% |
| Utilities | 0.00% | 0.00% | 16.07% | 52.82% |
| Real Estate | 0.00% | 0.00% | 16.05% | 77.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MONTX % Rank | |
|---|---|---|---|---|
| US | 96.77% | 0.00% | 123.52% | 70.51% |
| Non US | 0.00% | 0.00% | 75.46% | 53.99% |
MONTX - Expenses
Operational Fees
| MONTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.46% | 0.01% | 28.71% | 20.22% |
| Management Fee | 0.95% | 0.00% | 1.50% | 93.14% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| MONTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MONTX 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.
| MONTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 55.20% | 0.00% | 316.74% | 70.50% |
MONTX - Distributions
Dividend Yield Analysis
| MONTX | Category Low | Category High | MONTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 63.03% |
Dividend Distribution Analysis
| MONTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MONTX | Category Low | Category High | MONTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.93% | -6.13% | 3.48% | 85.81% |
Capital Gain Distribution Analysis
| MONTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 14, 2024 | $1.751 | CapitalGainLongTerm |
| Nov 16, 2022 | $1.547 | CapitalGainLongTerm |
| Nov 18, 2021 | $3.586 | OrdinaryDividend |
| Nov 19, 2020 | $1.093 | CapitalGainLongTerm |
| Nov 29, 2018 | $0.570 | CapitalGainShortTerm |
| Nov 29, 2018 | $0.999 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.009 | CapitalGainShortTerm |
| Nov 16, 2017 | $0.038 | CapitalGainShortTerm |
| Nov 16, 2017 | $1.216 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.002 | OrdinaryDividend |
| Nov 21, 2016 | $0.477 | CapitalGainLongTerm |
| Nov 25, 2015 | $0.210 | CapitalGainShortTerm |
| Nov 25, 2015 | $1.814 | CapitalGainLongTerm |
| Nov 26, 2014 | $0.251 | CapitalGainShortTerm |
| Nov 26, 2014 | $1.866 | CapitalGainLongTerm |
| Dec 30, 2013 | $0.623 | CapitalGainShortTerm |
| Dec 30, 2013 | $0.979 | CapitalGainLongTerm |
MONTX - Fund Manager Analysis
Managers
Robert Bacarella
Start Date
Tenure
Tenure Rank
May 06, 1986
36.09
36.1%
Mr. Robert S. Bacarella is Chairman, President, and Director of Monetta Financial Services, Inc, which he founded in 1984. Mr. Robert S. Bacarella has been Chairman and CEO of Monetta since October 1996; Director of monetta since 1984; and President of Monetta from 1984 to 1996 and April 1997 to present. Mr. Bacarella was Director - Pension Fund Investments for Borg-Warner Corporation until 1989. He received his Bachelors Degree in Finance and Accounting from St. Joseph's College and his MBA from Roosevelt University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
