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Trending ETFs

Financial Services Portfolio

mutual fund
SFPAX
Payout Change
Suspended
Price as of:
$9.06 -0.04 -0.44%
primary theme
Financials Sector Equity
SFPAX (Mutual Fund)

Financial Services Portfolio

Payout Change
Suspended
Price as of:
$9.06 -0.04 -0.44%
primary theme
Financials Sector Equity
SFPAX (Mutual Fund)

Financial Services Portfolio

Payout Change
Suspended
Price as of:
$9.06 -0.04 -0.44%
primary theme
Financials Sector Equity

Name

As of 06/14/2024

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

$9.06

$1.21 M

0.00%

3.59%

Vitals

YTD Return

5.0%

1 yr return

18.5%

3 Yr Avg Return

0.9%

5 Yr Avg Return

6.3%

Net Assets

$1.21 M

Holdings in Top 10

44.4%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.59%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$9.06

$1.21 M

0.00%

3.59%

SFPAX - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Financial Services Portfolio
  • Fund Family Name
    Saratoga Advantage Trust
  • Inception Date
    Jan 06, 2003
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Smith

Fund Description

The Portfolio will normally invest at least 80% of its total assets in U.S. and foreign equity securities issued by financial services companies, regardless of their stock market value (or “market capitalization”). Equity securities include common stocks, securities convertible into common stocks, preferred stocks and warrants. Up to 20% of the Portfolio’s total assets may be invested in U.S. and foreign securities outside of financial companies.

The Adviser employs quantitative and qualitative analysis that seeks to identify reasonably valued, high quality financial services companies that it believes have the ability to accelerate earnings growth and exceed investor expectations. The Adviser’s selection process consists of three steps. First, the Adviser reviews a series of screens utilizing the Adviser’s investment models, which are based on fundamental characteristics designed to eliminate companies that the Adviser’s research shows have a high probability of underperformance. Factors considered when reviewing the screens include a multi-factor valuation framework, earnings quality and capital structure. The valuation framework includes, but is not limited to, analysis of price to earnings, price to sales, price to book, cash held to price and various cash flow ratios. Valuation methodology is industry-specific within the financial services sector. Next, securities that pass the initial screens are then evaluated to try to identify stocks with the highest probability of producing an earnings growth rate that exceeds investor expectations. This process incorporates changes in earnings expectations and earnings quality analysis. Finally, these steps produce a list of eligible companies which are subjected to analysis by the Adviser to further understand each company’s business prospects and earnings potential. The Adviser uses the results of this analysis to construct the Portfolio’s security positions.

A “Financial services company” for purposes of Portfolio investments, is defined as an entity in which at least 50% of the company’s revenues or earnings were derived from financial services activities based upon the company’s most recent fiscal year, or at least 50% of the company’s assets were devoted to such activities based on the company’s most recent fiscal year or any company which is included in the S&P Financial Sector Index.

Financial services companies provide financial services to consumers and industry. Examples of companies in the financial services sector include commercial banks, investment banks, savings and loan associations, thrifts, finance companies, brokerage and advisory firms, transaction and payroll processors, insurance companies, real estate and leasing companies, and companies that span across these segments, and service providers whose revenue is largely derived from the financial services sector. Under Securities and Exchange Commission (“SEC”) regulations, the Portfolio may not invest more than 5% of its total assets in the equity securities of any company that derives more than 15% of its revenues from brokerage or investment management activities.

Under adverse market conditions, the Portfolio may also make temporary investments in investment grade debt securities. Such investment strategies could result in the Portfolio not achieving its investment objective.

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SFPAX - Performance

Return Ranking - Trailing

Period SFPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -15.5% 13.0% 61.11%
1 Yr 18.5% 5.1% 30.4% 58.89%
3 Yr 0.9%* -22.1% 15.2% 57.78%
5 Yr 6.3%* -6.0% 17.6% 62.22%
10 Yr 5.5%* -0.9% 13.6% 69.86%

* Annualized

Return Ranking - Calendar

Period SFPAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -12.2% 29.3% 65.56%
2022 -18.9% -56.2% 9.4% 54.44%
2021 24.9% 1.6% 54.4% 64.44%
2020 -9.7% -41.2% 61.3% 71.11%
2019 20.5% 10.5% 97.3% 73.33%

Total Return Ranking - Trailing

Period SFPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -15.5% 13.0% 61.11%
1 Yr 18.5% 5.1% 30.4% 58.89%
3 Yr 0.9%* -22.1% 15.2% 57.78%
5 Yr 6.3%* -6.0% 17.6% 62.22%
10 Yr 5.5%* -0.9% 13.6% 69.86%

* Annualized

Total Return Ranking - Calendar

Period SFPAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.5% -8.5% 32.0% 64.44%
2022 -14.3% -56.2% 11.4% 57.78%
2021 31.2% 18.8% 56.8% 61.11%
2020 -5.8% -41.2% 61.3% 65.56%
2019 26.3% 15.1% 101.7% 64.44%

NAV & Total Return History


SFPAX - Holdings

Concentration Analysis

SFPAX Category Low Category High SFPAX % Rank
Net Assets 1.21 M 1.21 M 37.7 B 98.90%
Number of Holdings 52 21 412 61.11%
Net Assets in Top 10 539 K 539 K 21 B 98.89%
Weighting of Top 10 44.39% 15.2% 82.8% 41.11%

Top 10 Holdings

  1. BERKSHIRE HATH-B 10.18%
  2. JPMORGAN CHASE 4.61%
  3. MASTERCARD INC-A 4.50%
  4. VISA INC-CLASS A 4.33%
  5. CHUBB LTD 3.96%
  6. BANK OF AMERICA 3.94%
  7. CME GROUP INC 3.45%
  8. WELLS FARGO CO 3.28%
  9. AFLAC INC 3.15%
  10. AMERIPRISE FINAN 2.99%

Asset Allocation

Weighting Return Low Return High SFPAX % Rank
Stocks
96.55% 94.52% 100.10% 91.11%
Cash
3.45% 0.00% 32.55% 16.67%
Preferred Stocks
0.00% 0.00% 3.05% 64.44%
Other
0.00% -0.54% 1.47% 66.67%
Convertible Bonds
0.00% 0.00% 0.00% 60.00%
Bonds
0.00% 0.00% 2.38% 67.78%

Stock Sector Breakdown

Weighting Return Low Return High SFPAX % Rank
Financial Services
98.48% 46.33% 100.00% 43.33%
Real Estate
1.52% 0.00% 40.95% 33.33%
Utilities
0.00% 0.00% 0.00% 60.00%
Technology
0.00% 0.00% 43.13% 67.78%
Industrials
0.00% 0.00% 5.08% 68.89%
Healthcare
0.00% 0.00% 0.20% 60.00%
Energy
0.00% 0.00% 0.00% 60.00%
Communication Services
0.00% 0.00% 4.06% 62.22%
Consumer Defense
0.00% 0.00% 4.21% 60.00%
Consumer Cyclical
0.00% 0.00% 42.54% 66.67%
Basic Materials
0.00% 0.00% 4.54% 60.00%

Stock Geographic Breakdown

Weighting Return Low Return High SFPAX % Rank
US
96.55% 0.00% 100.10% 65.56%
Non US
0.00% 0.00% 99.31% 74.44%

SFPAX - Expenses

Operational Fees

SFPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.59% 0.08% 11.17% 3.33%
Management Fee 1.25% 0.03% 1.25% 98.90%
12b-1 Fee 0.40% 0.00% 1.00% 68.89%
Administrative Fee N/A 0.10% 0.25% 29.41%

Sales Fees

SFPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 15.38%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SFPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 33.33%

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.

SFPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 3.00% 406.00% 72.15%

SFPAX - Distributions

Dividend Yield Analysis

SFPAX Category Low Category High SFPAX % Rank
Dividend Yield 0.00% 0.00% 11.71% 96.70%

Dividend Distribution Analysis

SFPAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

SFPAX Category Low Category High SFPAX % Rank
Net Income Ratio -0.76% -0.76% 10.57% 100.00%

Capital Gain Distribution Analysis

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

Distributions History

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SFPAX - Fund Manager Analysis

Managers

Stephen Smith


Start Date

Tenure

Tenure Rank

Dec 29, 2015

6.42

6.4%

Stephen S. Smith, CFA, is Chief Executive Officer and Chief Investment Officer and founder of Smith Group. Prior to Smith Group, he held a number of senior investment positions at Bank of America until he departed in 1995 to found Smith Group. Mr. Smith has an engineering degree and an MBA, both from the University of Alabama. He is a member of the CFA Institute and the CFA Society of Dallas-Ft. Worth.

John Brim


Start Date

Tenure

Tenure Rank

Dec 29, 2015

6.42

6.4%

John D. Brim, CFA, Chief Investment Officer,joined Smith Group in March 1998 and is a member of the investment management team.Prior to joining the firm, he was a manager within the institutional investment consulting group of Deloitte & Touche from 1997 to 1998. From 1990 to 1997, Brim held a variety of positions, including senior client manager with NationsBank Asset Management in Dallas. He earned his bachelor's degree in economics from Texas A&M University. He is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.42 9.68 4.58