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X-Square Balanced Fund, LLC
mutual fund
SQBFX
Payout Change
Pending
Price as of:
$14.42
+0.08
+0.56%
primary theme
U.S. Balanced Allocation
share class
SQBFX (Mutual Fund)
X-Square Balanced Fund, LLC
Payout Change
Pending
Price as of:
$14.42
+0.08
+0.56%
primary theme
U.S. Balanced Allocation
share class
SQBFX (Mutual Fund)
X-Square Balanced Fund, LLC
Payout Change
Pending
Price as of:
$14.42
+0.08
+0.56%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/06/2024Price
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
17.5%
1 yr return
22.1%
3 Yr Avg Return
5.9%
5 Yr Avg Return
N/A
Net Assets
$42.5 M
Holdings in Top 10
38.2%
52 WEEK LOW AND HIGH
$14.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.80%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 18.40%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
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
SQBFX - Profile
Distributions
- YTD Total Return 17.5%
- 3 Yr Annualized Total Return 5.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameX-Square Balanced Fund, LLC
-
Fund Family NameXsquare Capital
-
Inception DateNov 04, 2019
-
Shares Outstanding2483360
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerIgnacio Canto
Fund Description
The Fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds (rated Baa3 or better or BBB or better by a Nationally Recognized Statistical Rating Organization designated by the Adviser or unrated but determined to be of equivalent quality).
Normally, the Fund will target a 60% allocation towards U.S. equity securities and a 40% allocation towards fixed-income securities, including, but not limited to, investment-grade corporate debt, U.S. agency securities, and U.S. mortgage-related and other asset-backed securities and related derivatives. The Fund may also invest in securities of foreign issuers. Although the Fund focuses on investments in larger capitalization companies, the Fund’s investments are not limited to a particular capitalization size. Certain less liquid or illiquid holdings of the Fund may include small- and micro-capitalization stocks.
The Fund may also hold cash or money market instruments, including commercial paper and short-term securities issued by U.S. government agencies and instrumentalities. The percentage of the Fund’s assets invested in such holdings varies and depends on various factors, including market conditions and purchases and redemptions of Fund shares. The Adviser may determine that it is appropriate to invest a substantial portion of the Fund’s assets in such instruments in response to certain circumstances, such as periods of market turmoil. The Fund may invest without limitation in such instruments for temporary defensive purposes.
The Fund relies on the professional judgment of the Adviser to make decisions about the Fund’s portfolio investments. The Adviser seeks to invest in attractively valued securities that, in its opinion, represent long-term investment opportunities. The Adviser believes that an important way to accomplish this is through fundamental analysis, which may include meeting with company executives and employees, suppliers, customers and competitors. Securities may be sold when the Adviser believes that they no longer represent relatively attractive investment opportunities.
There is no guarantee that the Fund will achieve its investment objectives.
SQBFX - Performance
Return Ranking - Trailing
| Period | SQBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.5% | -2.1% | 85.1% | 25.95% |
| 1 Yr | 22.1% | -0.7% | 90.1% | 17.45% |
| 3 Yr | 5.9%* | -3.5% | 23.8% | 13.34% |
| 5 Yr | N/A* | -2.3% | 23.8% | N/A |
| 10 Yr | N/A* | 1.2% | 14.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SQBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -12.2% | 23.9% | 27.10% |
| 2022 | -12.7% | -34.7% | 2.8% | 8.83% |
| 2021 | 8.3% | -11.9% | 18.1% | 33.49% |
| 2020 | N/A | -20.9% | 39.7% | N/A |
| 2019 | N/A | 0.8% | 25.7% | N/A |
Total Return Ranking - Trailing
| Period | SQBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.5% | -2.1% | 85.1% | 25.95% |
| 1 Yr | 22.1% | -0.7% | 90.1% | 17.45% |
| 3 Yr | 5.9%* | -3.5% | 23.8% | 13.34% |
| 5 Yr | N/A* | -2.3% | 23.8% | N/A |
| 10 Yr | N/A* | 1.2% | 14.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SQBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.2% | -12.2% | 26.8% | 41.38% |
| 2022 | -12.7% | -29.0% | 10.9% | 29.49% |
| 2021 | 8.3% | -3.0% | 27.3% | 89.97% |
| 2020 | N/A | -19.5% | 40.6% | N/A |
| 2019 | N/A | 2.2% | 32.7% | N/A |
NAV & Total Return History
SQBFX - Holdings
Concentration Analysis
| SQBFX | Category Low | Category High | SQBFX % Rank | |
|---|---|---|---|---|
| Net Assets | 42.5 M | 861 K | 235 B | 91.67% |
| Number of Holdings | 77 | 2 | 16143 | 46.54% |
| Net Assets in Top 10 | 22.4 M | 859 K | 66.9 B | 90.43% |
| Weighting of Top 10 | 38.16% | 10.8% | 122.7% | 58.17% |
Top 10 Holdings
- Ginnie Mae II Pool 7.29%
- Ginnie Mae II Pool 7.12%
- Ginnie Mae II Pool 6.34%
- Ginnie Mae II Pool 3.48%
- U.S. Treasury Note 2.70%
- U.S. Treasury Bond 2.63%
- Ginnie Mae II Pool 2.59%
- Walmart, Inc. 2.02%
- Suncor Energy, Inc. 2.01%
- United Rentals, Inc. 1.99%
Asset Allocation
| Weighting | Return Low | Return High | SQBFX % Rank | |
|---|---|---|---|---|
| Stocks | 65.63% | 0.00% | 100.10% | 55.96% |
| Bonds | 33.96% | 0.00% | 75.29% | 24.01% |
| Cash | 0.41% | -7.92% | 100.00% | 70.10% |
| Preferred Stocks | 0.00% | 0.00% | 24.59% | 51.84% |
| Other | 0.00% | -42.55% | 113.97% | 62.15% |
| Convertible Bonds | 0.00% | 0.00% | 23.84% | 92.28% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SQBFX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 19.23% | 0.00% | 19.36% | 0.74% |
| Financial Services | 16.34% | 0.00% | 38.77% | 25.89% |
| Technology | 15.84% | 0.00% | 44.21% | 80.51% |
| Consumer Defense | 13.30% | 0.00% | 15.14% | 0.45% |
| Industrials | 9.04% | 0.00% | 24.37% | 73.21% |
| Communication Services | 7.65% | 0.00% | 38.10% | 38.84% |
| Energy | 6.67% | 0.00% | 85.65% | 28.87% |
| Healthcare | 5.88% | 0.00% | 29.35% | 93.01% |
| Basic Materials | 4.73% | 0.00% | 25.57% | 28.27% |
| Utilities | 1.32% | 0.00% | 99.55% | 84.97% |
| Real Estate | 0.00% | 0.00% | 65.01% | 97.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SQBFX % Rank | |
|---|---|---|---|---|
| US | 65.63% | 0.00% | 100.10% | 50.52% |
| Non US | 0.00% | 0.00% | 42.80% | 53.31% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SQBFX % Rank | |
|---|---|---|---|---|
| Government | 97.26% | 0.00% | 97.26% | 0.15% |
| Derivative | 0.00% | -4.58% | 41.29% | 47.28% |
| Cash & Equivalents | 0.00% | 0.00% | 99.92% | 83.80% |
| Securitized | 0.00% | 0.00% | 92.13% | 90.95% |
| Corporate | 0.00% | 0.00% | 98.21% | 96.74% |
| Municipal | 0.00% | 0.00% | 24.80% | 76.11% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SQBFX % Rank | |
|---|---|---|---|---|
| US | 33.96% | 0.00% | 75.29% | 23.42% |
| Non US | 0.00% | 0.00% | 15.37% | 45.66% |
SQBFX - Expenses
Operational Fees
| SQBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.80% | 0.03% | 27.98% | 4.25% |
| Management Fee | 1.00% | 0.00% | 1.83% | 96.49% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.50% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| SQBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 2.25% | 5.75% | 45.45% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SQBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 0.00% | 2.00% | 57.89% |
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.
| SQBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.40% | 0.83% | 343.00% | 21.26% |
SQBFX - Distributions
Dividend Yield Analysis
| SQBFX | Category Low | Category High | SQBFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 17.90% | 97.66% |
Dividend Distribution Analysis
| SQBFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| SQBFX | Category Low | Category High | SQBFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.59% | -2.34% | 13.92% | 99.55% |
Capital Gain Distribution Analysis
| SQBFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 24, 2024 | $0.060 | ReturnOfCapital |
| Oct 25, 2023 | $0.060 | ReturnOfCapital |
| Feb 13, 2023 | $0.120 | OrdinaryDividend |
SQBFX - Fund Manager Analysis
Managers
Ignacio Canto
Start Date
Tenure
Tenure Rank
Nov 01, 2019
2.58
2.6%
Ignacio Canto, CFA – Mr. Canto, President of X-Square Capital, LLC, joined the Adviser in 2013. Mr. Canto was Executive Vice President and Treasurer of Government Development Bank for Puerto Rico (GDB) from August 2010 until December 31, 2012. In such capacity, he was responsible for GDB’s asset and liability management, and for pricing and structuring bonds issued by the Commonwealth of Puerto Rico and its instrumentalities. While at GDB, Mr. Canto implemented a global macro trading strategy with success, focusing on fundamental trends and technical studies. Between July 2005 and August 2010, Mr. Canto worked as a portfolio manager and portfolio analyst at Santander Asset Management Corporation, where he traded interest rate derivatives, U.S. Government agency debentures, structured products, municipal bonds, equities and equity derivatives, and in the Investment Banking division of Santander Securities Corporation. Mr. Canto has a Bachelor of Business Administration with a concentration in Finance from Boston University’s School of Management. Mr. Canto holds the Chartered Financial Analyst (CFA) designation and the Financial Risk Manager (FRM) designation.
Gabriel Medina
Start Date
Tenure
Tenure Rank
Nov 01, 2019
2.58
2.6%
Gabriel Medina, CFA – Mr. Medina, Portfolio Manager, joined X-Square Capital, LLC in 2015. Mr. Medina began his career as a Process Engineer in Boston as part of a leadership program focused on developing performance, cross-cutting, and leadership skills at Saint-Gobain, a worldwide manufacturer. While working toward his graduate degree in 2013, he consulted for Lionchase Holdings, a private equity firm focused on the development of microcap firms. As part of his work, Mr. Medina assisted the general partner in the development of LBO models for distressed, privately-owned firms. In 2014, Mr. Medina joined Liberty Mutual Insurance as a Business Analyst responsible for the development and monitoring of monthly performance reports for the auto claims department division. Mr. Medina later joined Accenture as a Business Analyst in Los Angeles, where he worked on the delivery and implementation of solutions to IT challenges faced by multinational companies. Mr. Medina has a Bachelor of Science in Mechanical Engineering from Boston University and a Master in Finance from the University of Massachusetts. Mr. Medina holds the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |
