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Trending ETFs

Name

As of 04/30/2021

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

$9.76

$14 M

-

$0.00

1.63%

Vitals

YTD Return

-0.4%

1 yr return

5.7%

3 Yr Avg Return

0.7%

5 Yr Avg Return

0.9%

Net Assets

$14 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$9.8
$9.37
$9.85

Expenses

OPERATING FEES

Expense Ratio 1.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 448.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/30/2021

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

$9.76

$14 M

-

$0.00

1.63%

IRNIX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Iron Strategic Income Fund
  • Fund Family Name
    Iron Funds
  • Inception Date
    Feb 02, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Aaron Izenstark

Fund Description


IRNIX - Performance

Return Ranking - Trailing

Period IRNIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -23.4% 22.1% 64.91%
1 Yr 5.7% -28.9% 61.0% 88.93%
3 Yr 0.7%* -12.2% 11.2% 94.52%
5 Yr 0.9%* -14.0% 14.6% 95.25%
10 Yr 1.5%* -2.0% 12.6% 94.48%

* Annualized

Return Ranking - Calendar

Period IRNIX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.8% -49.2% 314.3% 88.23%
2022 2.9% -35.1% 15.3% 70.57%
2021 -4.9% -48.0% 3.4% 43.46%
2020 -0.8% -14.8% 11.2% 89.20%
2019 3.2% -11.2% 10.7% 46.85%

Total Return Ranking - Trailing

Period IRNIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -23.4% 21.6% 64.91%
1 Yr 5.7% -33.0% 61.0% 85.44%
3 Yr 0.7%* -13.9% 11.2% 92.59%
5 Yr 0.9%* -15.0% 14.6% 94.46%
10 Yr 1.5%* -2.0% 12.6% 93.65%

* Annualized

Total Return Ranking - Calendar

Period IRNIX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.8% -49.2% 314.3% 88.23%
2022 2.9% -35.1% 15.3% 71.89%
2021 -2.5% -48.0% 8.0% 32.79%
2020 2.3% -14.8% 15.2% 60.10%
2019 5.2% -11.2% 17.7% 38.52%

NAV & Total Return History


IRNIX - Holdings

Concentration Analysis

IRNIX Category Low Category High IRNIX % Rank
Net Assets 14 M 1.04 M 137 B 97.25%
Number of Holdings 1 1 7706 100.00%
Net Assets in Top 10 0 -3.65 B 25.1 B 88.41%
Weighting of Top 10 N/A 4.3% 100.0% 1.01%

Top 10 Holdings

  1. United States Treasury Notes 2.88% 31.82%
  2. Fidelity® Inv MM Fds Treasury Only I 8.47%
  3. First American Treasury Obligs Z 8.47%
  4. Wells Fargo Treasury Plus MMkt Inst 8.47%
  5. Federated Hermes Treasury Obl IS 8.47%
  6. Xtrackers USD High Yield Corp Bd ETF 5.67%
  7. The Chemours Company LLC 6.62% 2.73%
  8. Synovus Financial Corp. 5.75% 2.70%
  9. GEO Group Inc 5.88% 2.64%
  10. Allegheny Technologies Incorporated 7.88% 1.79%

Asset Allocation

Weighting Return Low Return High IRNIX % Rank
Cash
100.00% -210.92% 260.09% 2.04%
Stocks
0.00% -84.00% 210.59% 84.86%
Preferred Stocks
0.00% 0.00% 33.23% 79.49%
Other
0.00% -41.76% 106.30% 71.08%
Convertible Bonds
0.00% 0.00% 206.37% 94.65%
Bonds
0.00% -148.49% 302.14% 97.46%

IRNIX - Expenses

Operational Fees

IRNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.63% 0.01% 6.50% 33.03%
Management Fee 0.65% 0.00% 2.25% 60.12%
12b-1 Fee 0.25% 0.00% 1.00% 40.85%
Administrative Fee 0.10% 0.01% 0.70% 45.17%

Sales Fees

IRNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IRNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.40% 2.00% 75.00%

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.

IRNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 448.00% 0.00% 498.00% 98.11%

IRNIX - Distributions

Dividend Yield Analysis

IRNIX Category Low Category High IRNIX % Rank
Dividend Yield 0.00% 0.00% 5.27% 64.52%

Dividend Distribution Analysis

IRNIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

IRNIX Category Low Category High IRNIX % Rank
Net Income Ratio 2.79% -1.28% 18.14% 66.84%

Capital Gain Distribution Analysis

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

Distributions History

View More +

IRNIX - Fund Manager Analysis

Managers

Aaron Izenstark


Start Date

Tenure

Tenure Rank

Oct 11, 2006

13.98

14.0%

Aaron Izenstark Co-Founder and Chief Investment Officer Mr. Izenstark is a Co-Founder and Chief Investment Officer of IRON Financial. He is responsible for oversight of IRON’s investment management, research and trading capabilities and for the oversight and management of the firm’s approximately $2.3 Billion in current client assets. Since IRON’s founding in 1994, Mr. Izenstark’s focus has been on designing specialized Fixed Income and Equity strategies that seek to reduce portfolio volatility and downside risk while earning competitive returns through full market cycles. Under the guidance of Mr. Izenstark, the IRON organization has evolved from managing a small portfolio in 1994 to today managing assets for a range of Intermediary, Institutional and High Net Worth investors today. Prior to Co-Founding IRON Financial in 1994, Mr. Izenstark was a member of the Chicago Board of Trade and Chicago Mercantile Exchange where he specialized in the trading of Fixed Income and Equity derivatives. Mr. Izenstark began investing in High Yield fixed income securities in 1988 while a member of the Chicago Board of Trade (CBOT) – where he first developed the investment process that has evolved into the full investment methodology IRON uses presently in managing its high yield fixed income strategy. Mr. Izenstark received his Bachelor of Science in Business Administration from Indiana University and he holds the FINRA Series 2 and 65 licenses.

Ramesh Poola


Start Date

Tenure

Tenure Rank

Jun 01, 2016

4.33

4.3%

Dr. Ramesh Poola, Ph.D., CFA Managing Director of Investment and Quantitative Research Dr. Ramesh Poola, Ph.D., CFA is the Managing Director of Investment and Quantitative Research for IRON Financial. Dr. Poola joined IRON Financial in 2009 and he heads and oversees all quantitative investment research, financial modeling, portfolio construction, and risk analysis for IRON's investment strategies across all asset classes. He also leads investment research for IRON Financial’s ERISA 3(38) Investment Fiduciary Corporate Retirement Services business. Prior to joining IRON, Dr. Poola was an Equities Research Analyst at Koch Quantitative Trading, LLC, a division of Koch Industries, where he was responsible for quantitative research; the development of new investment strategies; and the development and enhancement of advanced risk management practices. Previously, Dr. Poola was an Equity Research Analyst at Morningstar, LLC where he was responsible for fundamental equity research coverage in the diversified industrial sector. He conceived and organized Morningstar's first stock conference, "The Management Behind the Moat.“. Previously, Dr. Poola spent six years in advanced engineering research and development at General Motors Corporation and six years as a leading researcher at Argonne National Laboratory. Dr. Poola was awarded eleven U.S. Patents and authored/co-authored over 60 scholarly technical papers in leading peer-reviewed journals. Also, he was a recipient of GM’s “Outstanding Achievement Award” for exemplary leadership and excellence and was a three-time recipient of the “Argonne Director’s Award,” – the highest award provided by Argonne for outstanding achievements and research contributions. He was also a recipient of the “R&D 100” award from R&D magazine.

Joe Fanaro


Start Date

Tenure

Tenure Rank

Jun 01, 2016

4.33

4.3%

Mr. Fanaro is a trader and portfolio manager for IRON Financial’s Equity Derivatives and REIT strategies. Mr. Fanaro joined IRON Financial in 2012 and is also responsible for investment strategy research across asset classes including fixed income, equities, options and futures. Prior to joining IRON Financial, Mr. Fanaro worked in the futures industry as a Trader and Quantitative Analyst, where he researched, developed, executed and managed the risk of investment strategies. Mr. Fanaro worked extensively in the development of financial models to value derivatives and cash securities, covering both traditional and alternative investments. Mr. Fanaro received his M.B.A. with honors in Finance from DePaul University, Kellstadt Graduate School of Business and a Bachelor’s of Science from DePaul University’s College of Commerce.

Edward Connolly


Start Date

Tenure

Tenure Rank

Jun 01, 2016

4.33

4.3%

Mr. Ted Connolly is a trader and portfolio manager for a series of strategies for IRON Financial, LLC . Mr. Connolly joined IRON Financial, LLC in 2006 and has responsibility for overseeing the global and domestic option overlay strategies for Separately Managed Accounts at IRON Financial, LLC . In addition, Mr. Connolly has responsibility for fixed income strategies incorporating the use of corporate, government, municipal and convertible securities. Prior to joining IRON Financial, LLC , Mr. Connolly worked for several market making firms at the Chicago Board Options Exchange and the Chicago Board of Trade. During this time, Mr. Connolly was responsible for the administrative start-up of a yield curve trading group trading futures to hedge option trades as well as trading the daily and overnight gamma for open option positions. Mr. Connolly earned a Bachelor of Arts in Economics from Connecticut College and holds the FINRA Series 65 license.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.35 5.45 2.33