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Trending ETFs

Upright Assets Allocation Plus Fund

mutual fund
UPAAX
Payout Change
Pending
Price as of:
$14.78 -0.11 -0.74%
primary theme
Tactical Allocation
share class
UPAAX (Mutual Fund)

Upright Assets Allocation Plus Fund

Payout Change
Pending
Price as of:
$14.78 -0.11 -0.74%
primary theme
Tactical Allocation
share class
UPAAX (Mutual Fund)

Upright Assets Allocation Plus Fund

Payout Change
Pending
Price as of:
$14.78 -0.11 -0.74%
primary theme
Tactical Allocation
share class

Name

As of 12/09/2024

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

$14.78

$2.31 M

0.61%

$0.09

3.28%

Vitals

YTD Return

32.7%

1 yr return

46.1%

3 Yr Avg Return

2.4%

5 Yr Avg Return

16.9%

Net Assets

$2.31 M

Holdings in Top 10

66.3%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 1.75%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/09/2024

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

$14.78

$2.31 M

0.61%

$0.09

3.28%

UPAAX - Profile

Distributions

  • YTD Total Return 32.7%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 16.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.02%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Upright Assets Allocation Plus Fund
  • Fund Family Name
    Upright Investments Trust
  • Inception Date
    Oct 11, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Chiueh

Fund Description

The Fund invests primarily in a portfolio of securities and other investments of issuers across a broad range of countries and asset categories. These global assets fall under five general categories which are: Equity Securities, Fixed Income Securities (corporate bonds and notes of domestic and foreign issuers of any maturity and credit quality including below investment grade, commonly known as “junk bonds”), Real Estate Investment Trusts (both registered and privately offered), Commodity-related derivatives, and cash and cash equivalents such as money market funds.

· Under normal circumstances, the adviser invests in two major portfolio components representing two kinds of management styles:
1. Core Assets Allocation

50-90% of the Fund’s assets are invested in this portfolio, which involves setting up an asset mix within the five general categories for long-term appreciation. Periodic adjustments will be made based on market conditions.

2. Dynamic Assets Allocation

10-40% of the Fund’s assets are invested in this portfolio, which involves frequent adjustments to respond to changes in market conditions. The asset mix in this portfolio also contains the global assets under the five general categories. Strategies employed in managing the Dynamic Assets Allocation include actively looking for short- and intermediate-term undervalued and overvalued assets; moving between asset classes to take advantage of market inefficiencies and sometime overreaction to market conditions; and rebalancing portfolio in order to bring the asset mix back to the Fund’s long-term target. These strategies are carried out based on the adviser’s judgment of relative fundamental values, the attractiveness of investment opportunities within each asset category, macroeconomic trends, and expected future returns of other investment opportunities.

· 10-30% of the Fund’s assets may be invested in an alternative investment strategy when the adviser deems the economic and market conditions are suitable for such, usually when there is an economic downturn, or when there is fundamental deterioration in the underlying securities. Alternative investments typically have a low correlation with those of standard asset classes, which makes them suitable for

portfolio diversification. This is a separate strategy where the Fund may use ETFs that track or do not track an index, and buying and writing derivatives contracts, such as options trading*, futures contracts, forward currency contracts and swap agreements (including, but not limited to, interest rate swaps, credit default swaps and total return swaps), both for hedging purposes and to seek investment returns consistent with the Fund’s investment objective.

*Because options may be riskier than other types of investments, the Fund’s use of options is limited to the aggregate premium, which is the total of paid and received premiums, to no more than 15% of its net assets (less the amount by which any such positions are in-the-money). Covered options writing (selling) is not subject to the 15% limitation.

· Investing will be carried out without regard to market capitalization, or whether the security is domestic or foreign under the five general categories stated above.

The Principal Investment Selection Process

When selecting investments for the Fund, the adviser generally considers the following factors:

· Quality of the company’s management;
· Strength of the company’s balance sheet;
· Projected growth rate of the company’s earnings in the future; and
· Relevant market, economic and political environments.

The information on which the fundamental analysis is based comes from sources such as regulatory filings, company annual reports, securities information databases, investment publications, general and business publications, brokerage firm research reports, and other media information sources. The adviser will sell an investment when the adviser believes that the security is no longer attractive based on its growth potential, price, or both. The adviser may also sell an investment if the adviser believes that another investment offers a better opportunity for the Fund to achieve its investment objective.

Temporary Defensive Strategy

Under adverse market conditions, the Fund may invest up to 100% of its assets in cash or cash equivalents. These investments include obligations issued or guaranteed by the U.S. Government, its agencies and/or instrumentalities (“U.S. Government Securities”); high quality money market instruments such as notes, certificates of deposit or banker’s acceptances; and money market funds. When the Fund invests in a money market fund, you will indirectly bear a portion of the fees charged by the other mutual fund, which could have an adverse effect on your investment. It is impossible to predict when or for how long the adviser may employ these strategies for the Fund. While engaged in a temporary defensive position, the Fund will not be invested according to its investment objective and therefore may not achieve its investment objective.

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UPAAX - Performance

Return Ranking - Trailing

Period UPAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.7% -2.6% 31.6% 0.47%
1 Yr 46.1% -0.5% 45.8% 0.47%
3 Yr 2.4%* -18.4% 13.2% 51.64%
5 Yr 16.9%* -11.7% 23.1% 1.49%
10 Yr N/A* -5.2% 9.4% N/A

* Annualized

Return Ranking - Calendar

Period UPAAX Return Category Return Low Category Return High Rank in Category (%)
2023 23.6% -18.9% 60.2% 1.87%
2022 -42.0% -48.5% 0.1% 98.59%
2021 48.3% -19.0% 48.3% 0.47%
2020 44.0% -16.5% 52.8% 2.48%
2019 0.6% -8.5% 26.6% 93.40%

Total Return Ranking - Trailing

Period UPAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.7% -2.6% 31.6% 0.47%
1 Yr 46.1% -0.5% 45.8% 0.47%
3 Yr 2.4%* -18.4% 13.2% 51.64%
5 Yr 16.9%* -11.7% 23.1% 1.49%
10 Yr N/A* -5.2% 9.4% N/A

* Annualized

Total Return Ranking - Calendar

Period UPAAX Return Category Return Low Category Return High Rank in Category (%)
2023 24.6% -11.7% 61.8% 1.87%
2022 -41.1% -48.5% 4.6% 98.59%
2021 48.3% -14.2% 48.3% 0.47%
2020 44.7% -11.7% 77.4% 2.48%
2019 0.6% -3.9% 28.4% 98.48%

NAV & Total Return History


UPAAX - Holdings

Concentration Analysis

UPAAX Category Low Category High UPAAX % Rank
Net Assets 2.31 M 2.19 M 12 B 99.53%
Number of Holdings 35 2 2477 56.28%
Net Assets in Top 10 1.55 M 1.55 M 9.57 B 100.00%
Weighting of Top 10 66.31% 20.3% 105.1% 58.60%

Top 10 Holdings

  1. Direxion Daily SP 500 Bull 3X Shares 10.49%
  2. Himax Technologies, Inc. ADR 9.38%
  3. Direxion Daily Dow Jones Internet Bull 3X Shares 7.95%
  4. Taiwan Semiconductor Manufacturing Co. Ltd. 7.41%
  5. ProShares UltraPro QQQ ETF 6.18%
  6. Direxion Financial Bull 3X Shares 6.09%
  7. Silicon Motion Technology Corp. ADR 5.18%
  8. Direxion Small Cap Bull 3X Shares 4.73%
  9. Direxion Daily Semiconductor Bull 3X Shares 4.69%
  10. AbbVie, Inc. 4.21%

Asset Allocation

Weighting Return Low Return High UPAAX % Rank
Stocks
97.63% 0.00% 133.08% 36.28%
Cash
4.80% -33.22% 90.14% 39.07%
Preferred Stocks
0.00% -0.16% 5.36% 83.72%
Other
0.00% -29.71% 154.73% 84.65%
Convertible Bonds
0.00% 0.00% 8.92% 91.63%
Bonds
0.00% 0.00% 106.59% 87.91%

Stock Sector Breakdown

Weighting Return Low Return High UPAAX % Rank
Technology
54.08% 0.00% 85.77% 1.10%
Healthcare
18.33% 0.00% 38.63% 18.78%
Communication Services
7.38% 0.00% 21.61% 27.62%
Consumer Cyclical
5.69% 0.00% 25.83% 64.09%
Real Estate
5.01% 0.00% 99.45% 35.36%
Financial Services
3.53% 0.00% 98.22% 85.64%
Industrials
1.56% 0.00% 23.85% 87.29%
Consumer Defense
1.47% 0.00% 37.51% 85.08%
Basic Materials
1.07% 0.00% 56.73% 86.74%
Utilities
0.95% 0.00% 91.12% 83.43%
Energy
0.92% 0.00% 60.89% 85.64%

Stock Geographic Breakdown

Weighting Return Low Return High UPAAX % Rank
US
97.63% 0.00% 133.08% 35.81%
Non US
0.00% -1.94% 37.95% 85.58%

UPAAX - Expenses

Operational Fees

UPAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.28% 0.45% 10.24% 8.37%
Management Fee 1.30% 0.00% 1.50% 99.53%
12b-1 Fee N/A 0.00% 1.00% 18.68%
Administrative Fee 0.45% 0.05% 0.70% 97.83%

Sales Fees

UPAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

UPAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 43.33%

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.

UPAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 1.75% 1.75% 441.00% 0.58%

UPAAX - Distributions

Dividend Yield Analysis

UPAAX Category Low Category High UPAAX % Rank
Dividend Yield 0.61% 0.00% 24.95% 69.30%

Dividend Distribution Analysis

UPAAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

UPAAX Category Low Category High UPAAX % Rank
Net Income Ratio -1.02% -2.01% 13.72% 89.77%

Capital Gain Distribution Analysis

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

Distributions History

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UPAAX - Fund Manager Analysis

Managers

David Chiueh


Start Date

Tenure

Tenure Rank

Oct 10, 2017

4.64

4.6%

Chiueh is a senior portfolio manager and president with Upright Financial Corporation. He has been engaged in the securities business since 1990.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.69 13.0