Oak Ridge Multi Strategy C
Name
As of 10/09/2020Price
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
6.3%
1 yr return
10.7%
3 Yr Avg Return
6.9%
5 Yr Avg Return
8.6%
Net Assets
$47.5 M
Holdings in Top 10
96.1%
52 WEEK LOW AND HIGH
$15.6
$10.32
$15.89
Expenses
OPERATING FEES
Expense Ratio 2.60%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 7.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/09/2020Price
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
ORLCX - Profile
Distributions
- YTD Total Return 6.3%
- 3 Yr Annualized Total Return 6.9%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.19%
- Dividend Yield 7.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameNorth Square Multi Strategy Fund
-
Fund Family NameOak Ridge Funds
-
Inception DateFeb 17, 2004
-
Shares Outstanding218468
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Klaskin
Fund Description
In seeking to achieve the Fund’s investment objective, the Adviser has selected NSI Retail Advisors, LLC (the “Sub-Adviser”) to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly.
The Fund is a “fund of funds” that seeks to achieve its investment objective by primarily investing in other mutual funds (“underlying funds”). The Fund invests primarily in mutual funds managed by North Square, the Fund’s investment adviser, but may also invest in unaffiliated mutual funds or exchange-traded funds (“ETFs”) to gain exposure to asset classes not available through a fund managed by the Adviser. In addition, the Fund may also invest directly in securities when the Sub-Adviser believes doing so is more likely to increase yield or enhance returns than investing in underlying funds.
The Fund is a multi-strategy fund that will invest directly or indirectly through underlying funds in the following asset classes:
•Equity securities of U.S. and foreign companies (including emerging market companies) of any market capitalization, including common stock, preferred stock, warrants, rights and initial public offerings (“IPOs”). Exposure to equity securities of foreign companies may be through American and Global Depositary Receipts (“ADRs” and “GDRs”).
•Fixed income securities of U.S. and foreign issuers (including emerging market issuers) of any maturity and credit quality, including high-yield debt securities (often called “junk bonds”), investment grade debt securities, mortgage-related and other asset-backed securities, municipal bonds, U.S. Government securities, convertible securities, bank loans, inflation-linked investments and cash equivalents.
As part of the Sub-Adviser’s multi-strategy investment process, the Fund’s investments are allocated among underlying funds based on an evaluation of three strategies: strategic asset allocation (generally, the weighting of allocations among broad asset classes to seek to capture market returns), tactical asset allocation (generally, the weighting of allocations to various sub-categories within broad asset classes to seek to add value relative to the general strategic allocations) and fund selection. Fund assets are invested in underlying funds with equity exposure across the small to large capitalization range, as well as across value and growth styles as well as core or blend styles which exhibit both growth and value characteristics. Fund assets may also be invested in underlying funds with exposure to fixed income securities issued by a variety of issuers and across a range of maturities and credit quality. Broad economic and market factors, as well as diversification and risk management, are considered in assessing the strategic and tactical components of the allocation. The analysis in selecting underlying funds includes an assessment of a fund’s past performance, volatility and other risk characteristics, and correlation with other funds and benchmarks. It also includes an assessment of the underlying fund’s investment strategies, investment process and portfolio management team.
The Fund does not have target ranges for the allocation of assets among asset classes or individual underlying funds and there is no maximum or minimum exposure that the Fund must maintain with respect to any asset class.
Accordingly, the Fund’s exposure to different asset classes and underlying funds will be adjusted to take advantage of current or expected market conditions, or to manage risk. From time to time, the Fund may own a majority of the shares of an underlying fund managed by the Adviser. As of the date of this prospectus, the Fund intends to allocate substantially all of its assets among the North Square Spectrum Alpha Fund, North Square Dynamic Small Cap Fund, and North Square Preferred and Income Securities Fund, and expects to invest 25% or more of its assets in the North Square Advisory Research Small Cap Growth Fund and North Square Dynamic Small Cap Fund.
ORLCX - Performance
Return Ranking - Trailing
| Period | ORLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -28.4% | 16.6% | 32.72% |
| 1 Yr | 10.7% | -23.7% | 26.9% | 32.32% |
| 3 Yr | 6.9%* | -5.4% | 21.0% | 37.58% |
| 5 Yr | 8.6%* | 1.5% | 22.6% | 60.90% |
| 10 Yr | 9.5%* | 3.3% | 20.7% | 32.81% |
* Annualized
Return Ranking - Calendar
| Period | ORLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.5% | -13.8% | 32.8% | 60.26% |
| 2022 | -43.8% | -43.8% | -7.8% | 100.00% |
| 2021 | 25.2% | -4.9% | 26.4% | 2.14% |
| 2020 | -0.5% | -15.1% | 16.9% | 84.62% |
| 2019 | 3.1% | -18.7% | 4.1% | 2.50% |
Total Return Ranking - Trailing
| Period | ORLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -28.4% | 16.6% | 32.72% |
| 1 Yr | 9.7% | -23.7% | 26.9% | 32.32% |
| 3 Yr | 6.9%* | -5.4% | 21.0% | 31.85% |
| 5 Yr | 8.6%* | 1.5% | 22.6% | 57.05% |
| 10 Yr | 9.5%* | 3.3% | 20.7% | 28.13% |
* Annualized
Total Return Ranking - Calendar
| Period | ORLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.5% | -13.8% | 32.8% | 61.54% |
| 2022 | -9.8% | -38.4% | -6.5% | 26.85% |
| 2021 | 25.2% | 1.3% | 29.9% | 2.86% |
| 2020 | -0.5% | -0.5% | 19.4% | 100.00% |
| 2019 | 3.1% | -18.7% | 4.1% | 2.50% |
NAV & Total Return History
ORLCX - Holdings
Concentration Analysis
| ORLCX | Category Low | Category High | ORLCX % Rank | |
|---|---|---|---|---|
| Net Assets | 47.5 M | 4.36 M | 113 B | 83.63% |
| Number of Holdings | 9 | 4 | 9692 | 93.94% |
| Net Assets in Top 10 | 43.9 M | 5.83 M | 19.8 B | 82.42% |
| Weighting of Top 10 | 96.06% | 11.6% | 99.9% | 19.61% |
Top 10 Holdings
- North Square Dynamic Small Cap I 33.11%
- North Square Oak Ridge Disciplined Gr I 26.72%
- North Square Oak Ridge Dividend Gr I 23.57%
- Wavelength Interest Rate Neutral 4.55%
- Bramshill Income Performance Instl 3.56%
- North Square Strategic Income I 2.43%
- North Square Advisory Rsrch AllCap Val I 2.13%
Asset Allocation
| Weighting | Return Low | Return High | ORLCX % Rank | |
|---|---|---|---|---|
| Stocks | 82.09% | 42.94% | 99.82% | 88.48% |
| Cash | 8.85% | -134.36% | 26.75% | 2.42% |
| Bonds | 7.28% | 0.00% | 137.10% | 25.45% |
| Preferred Stocks | 1.39% | 0.00% | 8.78% | 6.06% |
| Convertible Bonds | 0.21% | 0.00% | 6.55% | 18.79% |
| Other | 0.17% | -5.21% | 15.42% | 41.82% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ORLCX % Rank | |
|---|---|---|---|---|
| Technology | 26.62% | 1.73% | 29.58% | 1.21% |
| Healthcare | 17.54% | 6.85% | 19.57% | 11.52% |
| Industrials | 12.72% | 3.73% | 18.13% | 20.61% |
| Financial Services | 12.41% | 6.35% | 35.20% | 84.85% |
| Communication Services | 7.56% | 0.00% | 13.42% | 80.00% |
| Consumer Cyclical | 7.51% | 0.00% | 21.61% | 91.52% |
| Consumer Defense | 6.17% | 0.00% | 21.72% | 84.24% |
| Real Estate | 4.00% | 0.00% | 14.15% | 33.94% |
| Basic Materials | 2.52% | 0.00% | 5.39% | 84.24% |
| Energy | 1.68% | 0.00% | 20.61% | 85.45% |
| Utilities | 1.27% | 0.00% | 15.03% | 86.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ORLCX % Rank | |
|---|---|---|---|---|
| US | 78.77% | 28.60% | 99.38% | 13.94% |
| Non US | 3.32% | 0.44% | 55.58% | 95.76% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ORLCX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 50.24% | 2.73% | 100.00% | 47.88% |
| Corporate | 27.64% | 0.00% | 93.97% | 36.97% |
| Government | 19.10% | 0.00% | 55.53% | 21.21% |
| Municipal | 2.39% | 0.00% | 5.94% | 1.82% |
| Securitized | 0.61% | 0.00% | 27.30% | 35.15% |
| Derivative | 0.01% | 0.00% | 56.22% | 55.76% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ORLCX % Rank | |
|---|---|---|---|---|
| US | 6.34% | 0.00% | 118.65% | 21.21% |
| Non US | 0.94% | 0.00% | 18.45% | 17.58% |
ORLCX - Expenses
Operational Fees
| ORLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.60% | 0.10% | 2.61% | 1.29% |
| Management Fee | 0.03% | 0.00% | 1.00% | 26.90% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 92.37% |
| Administrative Fee | N/A | 0.01% | 0.31% | N/A |
Sales Fees
| ORLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 73.08% |
Trading Fees
| ORLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| ORLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 7.00% | 0.00% | 368.00% | 21.88% |
ORLCX - Distributions
Dividend Yield Analysis
| ORLCX | Category Low | Category High | ORLCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.04% | 0.00% | 8.65% | 68.42% |
Dividend Distribution Analysis
| ORLCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| ORLCX | Category Low | Category High | ORLCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.19% | -1.82% | 6.65% | 99.38% |
Capital Gain Distribution Analysis
| ORLCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
ORLCX - Fund Manager Analysis
Managers
David Klaskin
Start Date
Tenure
Tenure Rank
Mar 01, 1999
21.6
21.6%
Founder of Oak Ridge Investments in 1989, Mr. Klaskin leads our firm and its investment team. He has developed and implemented the investment discipline that is applied across all Oak Ridge products. He is co-portfolio manager of the Oak Ridge Small /Mid Cap Growth, Large Cap Growth, and All Cap Growth equity strategies. He is co-portfolio manager of the Dividend Growth strategy as well. Mr. Klaskin also chairs the firm’s Executive Committee. He has been featured on television, radio, and in numerous publications. Prior to establishing Oak Ridge, Mr. Klaskin worked as an investment executive at Shearson Lehman Hutton for eight years. Mr. Klaskin is a native of Chicago and graduated from Indiana University with a B.S. in Finance.
Robert McVicker
Start Date
Tenure
Tenure Rank
Mar 01, 1999
21.6
21.6%
Mr. McVicker has been with Oak Ridge Investments since its inception in 1989. He guides our investment research process and co-manages the Small/Mid Cap Growth, Large Cap Growth, and All Cap Growth equity strategies. Mr. McVicker is also a member of the firm’s Executive Committee. Prior to joining Oak Ridge, Mr. McVicker was a trader at the Chicago Board Options Exchange. He is originally from Cincinnati and graduated from Ohio State University with a B.S. in Finance.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 24.93 | 6.92 | 0.25 |