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Trending ETFs

Conductor Global Equity Value Fund

mutual fund
RAALX
Payout Change
Pending
Price as of:
$12.12 -0.06 -0.49%
primary theme
N/A
RAALX (Mutual Fund)

Conductor Global Equity Value Fund

Payout Change
Pending
Price as of:
$12.12 -0.06 -0.49%
primary theme
N/A
RAALX (Mutual Fund)

Conductor Global Equity Value Fund

Payout Change
Pending
Price as of:
$12.12 -0.06 -0.49%
primary theme
N/A

Name

As of 07/22/2022

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

$12.12

$67.3 M

0.59%

$0.07

2.18%

Vitals

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%

52 WEEK LOW AND HIGH

$12.2
$11.93
$13.20

Expenses

OPERATING FEES

Expense Ratio 2.18%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 85.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 07/22/2022

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

$12.12

$67.3 M

0.59%

$0.07

2.18%

RAALX - Profile

Distributions

  • YTD Total Return -5.8%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.82%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Conductor Global Equity Value Fund
  • Fund Family Name
    Conductor
  • Inception Date
    Apr 15, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Cunningham

Fund Description

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 Fund’s investment adviser, IronHorse Capital LLC (“IronHorse” or the “Adviser”), develops the composition of the Fund’s portfolio using technical, fundamental and quantitative analysis to select equity securities that meet specific value-oriented criteria. The Fund’s 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 Adviser’s 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 Adviser’s 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 company’s respective country of domicile, allowing the Fund to benefit from pure currency diversification.

The Fund prioritizes managing risk exposures. When the Adviser’s 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 Fund’s expected investments. The Fund may also engage in short sales of equity index ETFs and similar instruments to manage risk. The Fund’s typical net exposure as a percentage of the Fund’s 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.

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RAALX - Performance

Return Ranking - Trailing

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

Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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

Total Return Ranking - Calendar

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%

NAV & Total Return History


RAALX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Fortescue Metals Group Ltd 4.98%
  2. Fortescue Metals Group Ltd 4.98%
  3. Fortescue Metals Group Ltd 4.98%
  4. Fortescue Metals Group Ltd 4.98%
  5. Fortescue Metals Group Ltd 4.98%
  6. Fortescue Metals Group Ltd 4.98%
  7. Fortescue Metals Group Ltd 4.98%
  8. Fortescue Metals Group Ltd 4.98%
  9. Fortescue Metals Group Ltd 4.98%
  10. NEC Networks & System Integration Corp 4.64%

Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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 - Expenses

Operational Fees

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%

Sales Fees

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%

Trading Fees

RAALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 1.00% 50.00%

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.

RAALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 2.00% 119.00% 72.13%

RAALX - Distributions

Dividend Yield Analysis

RAALX Category Low Category High RAALX % Rank
Dividend Yield 0.59% 0.00% 8.63% 45.59%

Dividend Distribution Analysis

RAALX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

RAALX Category Low Category High RAALX % Rank
Net Income Ratio 0.82% -0.10% 6.95% 86.15%

Capital Gain Distribution Analysis

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

Distributions History

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RAALX - Fund Manager Analysis

Managers

Charles Cunningham


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.6 6.73 1.0