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 07/22/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-5.8%
1 yr return
-2.0%
3 Yr Avg Return
6.0%
5 Yr Avg Return
4.3%
Net Assets
$67.3 M
Holdings in Top 10
22.1%
Expense Ratio 2.18%
Front Load 5.75%
Deferred Load N/A
Turnover 85.00%
Redemption Fee 1.00%
Standard (Taxable)
$2,500
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 07/22/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund normally invests at least 80% of its assets in equity securities or investments that are economically tied to equity securities. The Fund seeks to achieve its investment objective by investing under normal circumstances in a portfolio of equity securities of companies that are believed to exhibit strong fundamental attributes. The Funds investment adviser, IronHorse Capital LLC (IronHorse or the Adviser), develops the composition of the Funds portfolio using technical, fundamental and quantitative analysis to select equity securities that meet specific value-oriented criteria. The Funds investment in shares of other investment companies, including exchange-traded funds (ETFs), and derivative instruments will be counted toward the 80% policy discussed above to the extent such investments have economic characteristics similar to equity securities.
The Adviser employs a fundamentals-based quantitative factor model to attempt to identify investments that are undervalued by the market in comparison to the Advisers assessment of the investments intrinsic value. The model relies upon fundamental metrics which include, but are not limited to: cash flow generation, profitability and balance sheet metrics. Once investment opportunities meeting these fundamental criteria are identified, the Adviser employs a technical model to measure relative price trends. The technical model evaluates the momentum, pricing behavior and chart patterns of each security to trigger buy and sell decisions. No individual securities will be purchased unless all specific fundamental and technical criteria are satisfied. The Adviser will generally sell an investment whose price the Adviser believes is no longer undervalued by the market in comparison to the Advisers assessment of the investments intrinsic value, as a result of a material change in the business of the issuer or a material appreciation in the price of the security, or if the Adviser believes that a more attractive investment opportunity becomes available.
The Fund seeks to invest under normal circumstances in equity securities that are economically tied to at least three countries (one of which may be the United States). Under normal circumstances, the Fund invests at least 40% of its assets in issuers located outside the United States, unless market conditions are not deemed favorable by the Adviser, in which case the Fund would invest at least 30% of its assets in issuers located outside the United States. Equity securities in which the Fund may invest include common stocks and equity-equivalent securities or derivatives whose values are based on common stocks, such as options (stock or stock index), futures contracts (stock or stock index) and index swaps. The Fund may invest without limit in U.S. and non-U.S. dollar-denominated securities of U.S. and foreign (non-U.S.) issuers. The Fund may invest in common stocks of large-cap companies, as well as small and mid-cap companies. The Adviser typically purchases stocks on host exchanges of a companys respective country of domicile, allowing the Fund to benefit from pure currency diversification.
The Fund prioritizes managing risk exposures. When the Advisers macro analysis indicates that market risks have risen, the Fund may employ hedges such as cash, ETFs, or simple index options to preserve portfolio returns. If employed, index derivatives will represent only a portion of the Funds expected investments. The Fund may also engage in short sales of equity index ETFs and similar instruments to manage risk. The Funds typical net exposure as a percentage of the Funds assets will range from 50% net long to 100% net long. The Fund may engage in active trading of portfolio securities to achieve its investment goal.
The Fund may also engage in securities lending to generate income.
Period | RAALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.8% | -21.2% | 3.0% | 21.54% |
1 Yr | -2.0% | -16.9% | 6.2% | 9.23% |
3 Yr | 6.0%* | -2.9% | 17.0% | 77.05% |
5 Yr | 4.3%* | -3.1% | 10.3% | 28.81% |
10 Yr | N/A* | 4.8% | 9.0% | N/A |
* Annualized
Period | RAALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.3% | -5.7% | 19.7% | 25.00% |
2022 | -12.6% | -12.8% | 30.9% | 98.39% |
2021 | 18.1% | 2.1% | 31.6% | 18.33% |
2020 | -23.2% | -38.6% | -11.3% | 50.88% |
2019 | 27.5% | 2.6% | 36.0% | 30.36% |
Period | RAALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.8% | -26.3% | -3.3% | 7.69% |
1 Yr | -7.6% | -19.5% | 6.2% | 29.23% |
3 Yr | 4.0%* | -4.0% | 17.0% | 85.25% |
5 Yr | 3.1%* | -3.4% | 10.3% | 47.46% |
10 Yr | N/A* | 4.8% | 9.0% | N/A |
* Annualized
Period | RAALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.3% | -5.7% | 19.7% | 25.00% |
2022 | -12.6% | -12.8% | 30.9% | 98.39% |
2021 | 18.1% | 2.1% | 31.6% | 18.33% |
2020 | -23.2% | -27.8% | -11.1% | 61.40% |
2019 | 27.5% | 8.8% | 38.0% | 50.00% |
RAALX | Category Low | Category High | RAALX % Rank | |
---|---|---|---|---|
Net Assets | 67.3 M | 6.29 M | 11.8 B | 72.73% |
Number of Holdings | 55 | 10 | 5533 | 87.88% |
Net Assets in Top 10 | 13.1 M | 495 K | 2.65 B | 69.70% |
Weighting of Top 10 | 22.10% | 1.9% | 99.9% | 31.82% |
Weighting | Return Low | Return High | RAALX % Rank | |
---|---|---|---|---|
Stocks | 51.05% | 51.05% | 100.00% | 96.97% |
Cash | 48.95% | -0.17% | 48.95% | 3.03% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 63.64% |
Other | 0.00% | -2.32% | 1.40% | 71.21% |
Convertible Bonds | 0.00% | 0.00% | 0.41% | 60.61% |
Bonds | 0.00% | 0.00% | 6.55% | 62.12% |
Weighting | Return Low | Return High | RAALX % Rank | |
---|---|---|---|---|
Basic Materials | 24.40% | 1.74% | 28.84% | 6.06% |
Energy | 23.68% | 0.00% | 23.68% | 3.03% |
Industrials | 17.37% | 5.36% | 35.92% | 80.30% |
Consumer Cyclical | 16.17% | 4.00% | 16.17% | 3.03% |
Consumer Defense | 6.18% | 3.45% | 18.05% | 45.45% |
Technology | 4.16% | 0.00% | 18.01% | 72.73% |
Financial Services | 3.29% | 3.05% | 32.74% | 93.94% |
Communication Services | 2.99% | 0.00% | 8.94% | 59.09% |
Healthcare | 1.77% | 0.00% | 9.89% | 77.27% |
Utilities | 0.00% | 0.00% | 15.19% | 92.42% |
Real Estate | 0.00% | 0.00% | 16.01% | 93.94% |
Weighting | Return Low | Return High | RAALX % Rank | |
---|---|---|---|---|
Non US | 34.50% | 34.50% | 99.90% | 96.97% |
US | 16.55% | 0.00% | 20.11% | 6.06% |
RAALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.18% | 0.30% | 2.93% | 7.46% |
Management Fee | 1.25% | 0.30% | 1.92% | 94.12% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 66.67% |
Administrative Fee | N/A | 0.01% | 0.15% | 33.93% |
RAALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 5.50% | 5.75% | 60.00% |
Deferred Load | N/A | 1.00% | 1.00% | 90.00% |
RAALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 1.00% | 50.00% |
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.
RAALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 85.00% | 2.00% | 119.00% | 72.13% |
RAALX | Category Low | Category High | RAALX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.59% | 0.00% | 8.63% | 45.59% |
RAALX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Annually |
RAALX | Category Low | Category High | RAALX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.82% | -0.10% | 6.95% | 86.15% |
RAALX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Apr 29, 2022 | $0.018 | OrdinaryDividend |
Dec 21, 2021 | $0.047 | OrdinaryDividend |
Oct 28, 2021 | $0.038 | OrdinaryDividend |
Jul 29, 2021 | $0.035 | OrdinaryDividend |
Apr 29, 2021 | $0.031 | OrdinaryDividend |
Oct 29, 2020 | $0.043 | OrdinaryDividend |
Apr 29, 2020 | $0.066 | OrdinaryDividend |
Dec 09, 2019 | $0.022 | OrdinaryDividend |
Oct 30, 2019 | $0.046 | OrdinaryDividend |
Jul 30, 2019 | $0.075 | OrdinaryDividend |
Apr 29, 2019 | $0.016 | OrdinaryDividend |
Dec 10, 2018 | $0.048 | OrdinaryDividend |
Apr 27, 2018 | $0.054 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Dec 27, 2013
8.43
8.4%
Charles Albert Cunningham, III, CFA, is a Portfolio Manager at IronHorse Capital LLC with nineteen years of experience in financial services. He served as Chief Investment Officer of IronHorse since November 2009 and is a member of IronHorse’s investment committee. He co-founded IronHorse in 2009 and has been the sole Portfolio Manager of all assets under management since IronHorse was founded. Prior to joining IronHorse, he served as Senior Research Associate for Dunavant Capital Management from June 2007 to November 2009. His prior experience includes Galleon Group, Schacter Capital, Morgan Stanley, Morgan Keegan and Dunavant Capital Management. Mr. Cunningham holds an M.B.A. in Finance from Vanderbilt University and a B.A. in Political Science from University of the South. He is a CFA Charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 26.6 | 6.73 | 1.0 |
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