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Trending ETFs

Conservative Balanced Allocation Portfolio

mutual fund
SUMCX
Payout Change
Pending
Price as of:
$10.77 -0.03 -0.28%
primary theme
U.S. Conservative/Balanced Allocation
SUMCX (Mutual Fund)

Conservative Balanced Allocation Portfolio

Payout Change
Pending
Price as of:
$10.77 -0.03 -0.28%
primary theme
U.S. Conservative/Balanced Allocation
SUMCX (Mutual Fund)

Conservative Balanced Allocation Portfolio

Payout Change
Pending
Price as of:
$10.77 -0.03 -0.28%
primary theme
U.S. Conservative/Balanced Allocation

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

$10.77

$2.89 M

0.96%

$0.10

3.67%

Vitals

YTD Return

3.6%

1 yr return

8.8%

3 Yr Avg Return

1.7%

5 Yr Avg Return

4.6%

Net Assets

$2.89 M

Holdings in Top 10

99.8%

52 WEEK LOW AND HIGH

$10.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.67%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 71.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

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

$10.77

$2.89 M

0.96%

$0.10

3.67%

SUMCX - Profile

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.22%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Conservative Balanced Allocation Portfolio
  • Fund Family Name
    Saratoga Advantage Trust
  • Inception Date
    Jan 04, 2018
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bruce Ventimiglia

Fund Description

The Portfolio is a “fund of funds.” The Portfolio’s main investment strategy is to invest in other Saratoga Advantage Trust mutual funds (the “Saratoga Funds”) and/or unaffiliated registered investment companies and exchange-traded funds (“ETFs”) (together with the Saratoga Funds, the “Underlying Funds”).

The Portfolio’s manager, Saratoga Capital Management, LLC (the “Manager”) allocates the Portfolio’s investments in Underlying Funds based on a propriety asset allocation model developed by the Manager (the “Saratoga Strategic Horizon Asset Reallocation Program® model” or the “SaratogaSHARP® model”). Consistent with the SaratogaSHARP® model, the Manager allocates the Portfolio’s investments based on an analysis of capital markets that includes an examination of current economic conditions, historical asset class behavior and current market assumptions. In constructing the Portfolio, the Manager typically allocates assets among asset classes in the following investment categories: core equity, fixed income, money market and alternative investments. The target allocations are: approximately 5%-65% of the Portfolio’s assets to core equity investments; 8%-75% to fixed income investments; 10%-75% to money market investments; and 2%-30% to alternative investments. The Manager does not currently intend to allocate any of the Portfolio’s assets to sector equity investments; however, it may do so in the future. The Portfolio will invest in equity, fixed income and alternative instruments through its investments in the Underlying Funds. The Manager regularly evaluates how individual economic sectors and statistics are affecting the general economy and markets in order to develop the asset allocation parameters. Accordingly, asset allocation parameters may vary widely over time in response to changing market and/or economic conditions.

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SUMCX - Performance

Return Ranking - Trailing

Period SUMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% 0.1% 18.2% 51.41%
1 Yr 8.8% 0.0% 27.6% 51.76%
3 Yr 1.7%* -15.2% 6.4% 16.47%
5 Yr 4.6%* -4.4% 8.0% 38.38%
10 Yr N/A* -0.2% 8.5% N/A

* Annualized

Return Ranking - Calendar

Period SUMCX Return Category Return Low Category Return High Rank in Category (%)
2023 7.1% -1.0% 27.4% 38.82%
2022 -13.5% -35.0% -7.4% 21.43%
2021 2.3% -11.5% 14.6% 46.83%
2020 6.3% -10.3% 40.7% 27.06%
2019 10.1% -9.5% 22.1% 49.60%

Total Return Ranking - Trailing

Period SUMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% 0.1% 18.2% 51.41%
1 Yr 8.8% 0.0% 27.6% 51.76%
3 Yr 1.7%* -15.2% 6.4% 16.47%
5 Yr 4.6%* -4.4% 8.0% 38.38%
10 Yr N/A* -0.2% 8.5% N/A

* Annualized

Total Return Ranking - Calendar

Period SUMCX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% 2.6% 28.2% 76.47%
2022 -9.6% -35.0% -3.1% 16.90%
2021 9.3% -11.5% 32.0% 24.15%
2020 6.3% -5.4% 40.7% 72.42%
2019 13.6% 4.5% 27.7% 74.27%

NAV & Total Return History


SUMCX - Holdings

Concentration Analysis

SUMCX Category Low Category High SUMCX % Rank
Net Assets 2.89 M 244 K 50.8 B 99.53%
Number of Holdings 9 2 4020 87.56%
Net Assets in Top 10 2.93 M 261 K 10.1 B 99.53%
Weighting of Top 10 99.83% 6.4% 127.7% 6.81%

Top 10 Holdings

  1. VANG-IN B I-ADM 34.83%
  2. SARATOGA-L VAL-I 13.27%
  3. SARATOGA-LCG-I 13.13%
  4. DREYFUS-INS-IS 10.15%
  5. VAN-ST BD I-ADM 9.33%
  6. SARATOGA-M/C-I 8.72%
  7. EV-GL MAC AR-I 7.33%
  8. SARATOGA-S/C-I 2.03%
  9. VANG-TO INT-ADM 1.05%

Asset Allocation

Weighting Return Low Return High SUMCX % Rank
Stocks
89.68% 0.00% 100.48% 54.23%
Cash
10.32% -35.68% 27.77% 7.04%
Convertible Bonds
1.44% 0.00% 71.77% 30.33%
Preferred Stocks
0.00% 0.00% 21.95% 72.54%
Other
0.00% -0.27% 62.24% 76.06%
Bonds
0.00% 0.00% 80.16% 80.28%

Stock Sector Breakdown

Weighting Return Low Return High SUMCX % Rank
Technology
25.39% 0.22% 27.92% 3.82%
Healthcare
15.05% 0.00% 24.25% 12.89%
Industrials
13.99% 0.14% 17.90% 4.53%
Consumer Cyclical
12.23% 0.00% 14.20% 4.06%
Financial Services
10.02% 0.00% 83.50% 92.36%
Communication Services
7.92% 0.00% 11.11% 23.87%
Basic Materials
4.73% 0.00% 32.82% 28.64%
Utilities
4.30% 0.00% 48.33% 37.95%
Energy
2.50% 0.00% 62.93% 90.21%
Consumer Defense
2.30% 0.00% 18.62% 97.37%
Real Estate
1.57% 0.00% 43.16% 95.70%

Stock Geographic Breakdown

Weighting Return Low Return High SUMCX % Rank
US
89.68% 0.00% 100.48% 54.23%
Non US
0.00% 0.00% 23.57% 75.82%

SUMCX - Expenses

Operational Fees

SUMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.67% 0.06% 21.26% 1.64%
Management Fee 0.90% 0.00% 1.25% 97.41%
12b-1 Fee 1.00% 0.00% 1.00% 92.92%
Administrative Fee N/A 0.01% 0.70% 86.62%

Sales Fees

SUMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 67.92%

Trading Fees

SUMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 42.86%

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.

SUMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 2.00% 380.00% 82.61%

SUMCX - Distributions

Dividend Yield Analysis

SUMCX Category Low Category High SUMCX % Rank
Dividend Yield 0.96% 0.00% 7.99% 92.25%

Dividend Distribution Analysis

SUMCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual SemiAnnual Monthly Monthly

Net Income Ratio Analysis

SUMCX Category Low Category High SUMCX % Rank
Net Income Ratio -1.22% -1.22% 6.83% 100.00%

Capital Gain Distribution Analysis

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

Distributions History

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SUMCX - Fund Manager Analysis

Managers

Bruce Ventimiglia


Start Date

Tenure

Tenure Rank

Dec 29, 2017

4.42

4.4%

Mr. Ventimiglia is the Chairman, President and Chief Executive Officer of Saratoga Capital Management, LLC and the Saratoga Advantage Trust. He established both of these entities in 1994. Prior to forming Saratoga Capital Management, LLC, Mr. Ventimiglia was a Senior Vice President of Prudential Securities Incorporated. He was also a member of the firm's Operating Council (one of the firm's three governing bodies) and the Service Advisory Council. In addition, Mr. Ventimiglia was previously National Director of Financial Services for Prudential Securities. The Financial Services Group that reported to Mr. Ventimiglia was responsible for approximately 70% of Prudential's retail client statement assets, and included the following departments: Administration, Corporate Executive Services, Financial Planning and Investment Allocation Strategies, Investment Management Services, Retirement Plan Services, Sales and Marketing, and Training. Mr. Ventimiglia joined Prudential Securities in 1987 as one of the nation's leading financial advisors and served as the founding branch manager of the West Bloomfield, Michigan office. In addition, Mr. Ventimiglia was a member of the Prudential Securities Field Managers' Advisory Council. Prior to that, he was with E.F. Hutton for nine years where he held various local and regional sales and management positions, and was a leading financial advisor. In addition, Mr. Ventimiglia served as the Investment Consultant to the American Medical Association (the “AMA”) for eight years. As the AMA’s Investment Consultant, Mr. Ventimiglia assisted the AMA in preparing its investment policy statements, developed investment guidelines for the AMA containing asset allocation recommendations, assisted the AMA in the selection of asset classes and portfolio managers to manage the AMA’s assets, and monitored the AMA’s accounts. Mr. Ventimiglia has also worked with an extensive range of institutional accounts, including State, City, Police and Fire, Taft-Hartley, 401(k), and 403(b) accounts. Mr. Ventimiglia previously acted as one of two co-chairs of BALCONY (the Business and Labor Coalition of New York), he is a member emeritus of the Yale Eye Center Advisory Board, and also served as one of the five members of ARP’s National Policy Committee on Social Security. Mr. Ventimiglia received a B.A. degree and graduated Phi Beta Kappa with High Distinction from Wayne State University. He has been quoted or featured in a variety of publications including: Changing Times, Forbes, Fortune, Institutional Investor, Newsday, The Washington Post, and The Wall Street Journal. In addition, he has appeared on numerous television and radio shows, and has been a featured speaker at Harvard University and the University of California as well as various industry associations and conference organizations including the Investment Company Institute.

Stephen Ventimiglia


Start Date

Tenure

Tenure Rank

Dec 29, 2017

4.42

4.4%

Stephen Ventimiglia is Saratoga Capital Management, LLC's Chief Investment Officer. Prior to co-founding Saratoga, Mr. Ventimiglia served as Chairman, President and Chief Executive Officer of a money management firm that was nationally recognized for its asset allocation work. In addition, he was the Chairman of that firm’s Investment Policy Committee. His work was distinguished in a study by USA Today that ranked his company as the number one investment advisory firm in the nation amongst asset allocation firms. Mr. Ventimiglia also managed money for clients at E.F. Hutton & Co. and Prudential Securities. At Prudential Securities, his last firm prior to joining Saratoga, he served as a Senior Portfolio Manager and First Vice President. His investment advice and asset allocation work was displayed on Prudential Securities’ national communications system for use by the firm’s portfolio managers and brokers.

Jonathan Ventimiglia


Start Date

Tenure

Tenure Rank

Dec 29, 2017

4.42

4.4%

Mr. Ventimiglia is the Chief Financial Officer and Chief Compliance Officer for Saratoga Capital Management, LLC (“Saratoga”). Mr. Ventimiglia joined Saratoga full-time in September of 2005. Prior to joining Saratoga full-time, Mr. Ventimiglia interned for the company, working in the sales, marketing, operations and fulfillment departments. Currently, Mr. Ventimiglia helps lead the firm’s sales and marketing, distribution, financial oversight, compliance, and portfolio management functions. He was responsible for developing Saratoga’s economic research reports and managed the build-out of the most recent version of the firm’s asset allocation software, SaratogaSHARP©. In addition to performing his services for Saratoga, Mr. Ventimiglia provided consulting services to BALCONY (the Business & Labor Coalition of New York) from 2006 to 2011. Mr. Ventimiglia received his B.A. from Wesleyan University in Middletown, CT, where he was a member of the varsity baseball team and Psi Upsilon Fraternity.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.41 2.41