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Name

As of

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

Absolute Credit Opportunities Fund

AOFOX |

-

$13.2 M

-

2.62%

Vitals

YTD Return

N/A

1 yr return

1.9%

3 Yr Avg Return

1.2%

5 Yr Avg Return

0.0%

Net Assets

$13.2 M

Holdings in Top 10

24.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 83.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

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

Absolute Credit Opportunities Fund

AOFOX |

-

$13.2 M

-

2.62%

AOFOX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Absolute Credit Opportunities Fund
  • Fund Family Name
    Absolute Strategies
  • Inception Date
    Oct 21, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jay Compson

Fund Description

AOFOX - Performance

Return Ranking - Trailing

Period AOFOX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 1.9% -64.0% 270.1% N/A
3 Yr 1.2%* -41.4% 115.6% N/A
5 Yr 0.0%* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period AOFOX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 73.0% N/A
2022 N/A -76.0% 74.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 336.8% N/A
2019 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period AOFOX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 270.1% N/A
1 Yr 1.9% -64.0% 270.1% N/A
3 Yr 1.2%* -30.7% 115.6% N/A
5 Yr 0.0%* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period AOFOX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -67.1% 76.6% N/A
2022 N/A -30.7% 76.8% N/A
2021 N/A -58.1% 900.0% N/A
2020 N/A -51.1% 341.1% N/A
2019 N/A -60.1% 304.1% N/A

AOFOX - Holdings

Concentration Analysis

AOFOX Category Low Category High AOFOX % Rank
Net Assets 13.2 M 0 814 B N/A
Number of Holdings 83 1 17358 N/A
Net Assets in Top 10 3.21 M -28.8 B 134 B N/A
Weighting of Top 10 24.52% 0.0% 20474.3% N/A

Top 10 Holdings

  1. Sucampo Pharmaceuticals Cv 3.25% 3.27%
  2. First Data 144A 6.75% 3.12%
  3. Global Eagle Entmt Cv 2.75% 2.47%
  4. Cenveo 144A 6% 2.36%
  5. Ensco 144A Cv 3% 2.35%
  6. Ttm Tech Cv 1.75% 2.34%
  7. Repligen Cv 2.125% 2.27%
  8. Dean Foods 6.9% 2.22%
  9. Renewable Engy Grp 144A Cv 4% 2.07%
  10. Carriage Svcs Cv 2.75% 2.06%

Asset Allocation

Weighting Return Low Return High AOFOX % Rank
Cash 		46.33% -483.27% 7388.76% N/A
Convertible Bonds 		34.95% -0.37% 166.23% N/A
Bonds 		34.47% -955.59% 533.06% N/A
Other 		0.00% -7288.76% 493.15% N/A
Preferred Stocks 		-0.11% -0.12% 80.89% N/A
Stocks 		-15.65% -142.98% 259.25% N/A

Bond Sector Breakdown

Weighting Return Low Return High AOFOX % Rank
Corporate 		69.79% -15.73% 3345.86% N/A
Cash & Equivalents 		46.33% -452.21% 7388.76% N/A
Securitized 		0.00% -35.05% 159.61% N/A
Municipal 		0.00% 0.00% 110.18% N/A
Government 		0.00% -3298.93% 457.08% N/A
Derivative 		-0.49% -511.61% 48.69% N/A

Bond Geographic Breakdown

Weighting Return Low Return High AOFOX % Rank
US 		34.47% -955.59% 499.56% N/A
Non US 		0.00% -150.85% 464.75% N/A

AOFOX - Expenses

Operational Fees

AOFOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.62% 0.00% 928.63% N/A
Management Fee 1.60% 0.00% 2.87% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.12% 0.00% 52000.00% N/A

Sales Fees

AOFOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

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

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.

AOFOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 0.00% 5067.00% N/A

AOFOX - Distributions

Dividend Yield Analysis

AOFOX Category Low Category High AOFOX % Rank
Dividend Yield 0.00% 0.00% 87.51% N/A

Dividend Distribution Analysis

AOFOX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Net Income Ratio Analysis

AOFOX Category Low Category High AOFOX % Rank
Net Income Ratio 0.90% -46.00% 10.10% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

AOFOX - Fund Manager Analysis

Managers

Jay Compson

Start Date

Tenure

Tenure Rank

Oct 21, 2008

8.53

8.5%

Compson is the principal and founder of Absolute Investment Advisers LLC since 2004. Prior to that, he was a portfolio manager and partner at Abington Capital LP. Before that, he was at Tucker Anthony Sutro, Inc. Previously Compson was at Lehman Brothers in New York where he analyzed business unit RAROC for the firm's executive committee to understand volatility in overall firm ROE and to diversify systemic risk exposures. He began his career as a mega-yacht and catastrophe underwriter for the Chubb Group. Mr. Compson received his BA degree from Franklin & Marshall College and his MBA in Finance and Management from New York University's Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 43.76 4.66 4.5

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