Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.7%
1 yr return
21.4%
3 Yr Avg Return
3.8%
5 Yr Avg Return
9.5%
Net Assets
$12.3 M
Holdings in Top 10
27.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.10%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 55.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SPMAX - Profile
Distributions
- YTD Total Return 6.7%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 9.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.60%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMid Capitalization Portfolio
-
Fund Family NameSaratoga Advantage Trust
-
Inception DateJan 06, 2003
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDennis Alff
Fund Description
The Portfolio will normally invest at least 80% of its total assets in equity securities of companies whose stock market capitalizations fall within the range of the capitalizations in the Russell Midcap® Index at the time of purchase. The market capitalization range of the Russell Midcap® Index at September 30, 2023 was $451.61 million to $54.49 billion. The Russell Midcap® Index is reconstituted annually in June of each year. Equity securities include common stocks, preferred stocks, securities convertible into common stocks and warrants. The Portfolio invests in securities of companies that are believed by the Adviser to be undervalued, thereby offering above-average potential for capital appreciation. The Portfolio may also invest in equity securities of foreign companies.
The Adviser invests in medium capitalization companies with a focus on total return using a bottom-up value-oriented investment process. The Adviser seeks companies with the following characteristics, although not all of the companies it selects will have these attributes:
● | companies earning a positive economic margin with stable-to-improving returns; |
● | companies valued at a discount to their asset value; and |
● | companies with an attractive dividend yield and minimal basis risk. |
In selecting investments, the Adviser generally employs the following strategy:
● | value-driven investment philosophy that selects stocks selling at attractive values based upon business fundamentals, economic margin analysis, discounted cash flow models and historical valuation multiples. The Adviser reviews companies that it believes are out-of-favor or misunderstood; |
● | use of value-driven screens to create a research universe of companies with market capitalizations of at least $1 billion; and |
● | use of fundamental and risk analysis to construct a portfolio of securities that the Adviser believes has an attractive return potential. |
Under adverse market conditions, the Portfolio may also make temporary investments in investment grade debt securities. Such investment strategies could result in the Portfolio not achieving its investment objective.
SPMAX - Performance
Return Ranking - Trailing
Period | SPMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -11.9% | 17.9% | 14.56% |
1 Yr | 21.4% | -0.2% | 44.9% | 21.43% |
3 Yr | 3.8%* | -22.5% | 15.7% | 33.14% |
5 Yr | 9.5%* | -1.8% | 20.0% | 33.54% |
10 Yr | 6.5%* | 2.3% | 12.7% | 83.87% |
* Annualized
Return Ranking - Calendar
Period | SPMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.0% | -12.9% | 28.8% | 45.58% |
2022 | -13.7% | -52.6% | 20.1% | 13.93% |
2021 | 2.8% | -43.8% | 32.4% | 81.53% |
2020 | -0.1% | -10.6% | 82.1% | 90.53% |
2019 | 29.9% | -8.5% | 37.5% | 5.64% |
Total Return Ranking - Trailing
Period | SPMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -11.9% | 17.9% | 14.56% |
1 Yr | 21.4% | -0.2% | 44.9% | 21.43% |
3 Yr | 3.8%* | -22.5% | 15.7% | 33.14% |
5 Yr | 9.5%* | -1.8% | 20.0% | 33.54% |
10 Yr | 6.5%* | 2.3% | 12.7% | 83.87% |
* Annualized
Total Return Ranking - Calendar
Period | SPMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.5% | 1.2% | 31.3% | 54.42% |
2022 | -11.9% | -45.7% | 21.1% | 20.61% |
2021 | 19.9% | -30.2% | 52.8% | 82.95% |
2020 | 9.7% | -8.4% | 84.3% | 67.16% |
2019 | 29.9% | 1.0% | 43.4% | 30.41% |
NAV & Total Return History
SPMAX - Holdings
Concentration Analysis
SPMAX | Category Low | Category High | SPMAX % Rank | |
---|---|---|---|---|
Net Assets | 12.3 M | 728 K | 160 B | 94.31% |
Number of Holdings | 66 | 1 | 2609 | 66.12% |
Net Assets in Top 10 | 3.03 M | 155 K | 11.7 B | 95.39% |
Weighting of Top 10 | 27.88% | 3.4% | 100.0% | 34.24% |
Top 10 Holdings
- EXTRA SPACE STOR 3.71%
- EASTGROUP PROP 3.53%
- MONOLITHIC POWER 2.83%
- DIAMONDBACK ENER 2.68%
- IQVIA HOLDINGS I 2.67%
- MONGODB INC 2.58%
- MAXIMUS INC 2.52%
- SKECHERS USA-A 2.52%
- VULCAN MATERIALS 2.47%
- WILLSCOT MOBILE 2.36%
Asset Allocation
Weighting | Return Low | Return High | SPMAX % Rank | |
---|---|---|---|---|
Stocks | 98.91% | 14.60% | 104.46% | 47.70% |
Cash | 1.34% | 0.00% | 30.96% | 50.41% |
Preferred Stocks | 0.00% | 0.00% | 14.30% | 46.07% |
Other | 0.00% | -1.04% | 23.02% | 56.91% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 45.26% |
Bonds | 0.00% | 0.00% | 62.14% | 48.51% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SPMAX % Rank | |
---|---|---|---|---|
Utilities | 17.62% | 0.00% | 18.97% | 1.63% |
Industrials | 17.47% | 0.00% | 45.89% | 42.12% |
Technology | 12.94% | 0.00% | 40.65% | 78.80% |
Healthcare | 12.62% | 0.00% | 24.06% | 22.28% |
Financial Services | 11.49% | 0.00% | 46.10% | 81.79% |
Energy | 8.54% | 0.00% | 58.13% | 10.87% |
Basic Materials | 7.21% | 0.00% | 16.35% | 16.30% |
Consumer Cyclical | 5.50% | 2.49% | 46.48% | 94.02% |
Communication Services | 3.34% | 0.00% | 30.98% | 30.71% |
Consumer Defense | 1.68% | 0.00% | 32.18% | 92.93% |
Real Estate | 1.58% | 0.00% | 25.82% | 85.33% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SPMAX % Rank | |
---|---|---|---|---|
US | 98.91% | 14.60% | 104.46% | 42.28% |
Non US | 0.00% | 0.00% | 19.95% | 52.57% |
SPMAX - Expenses
Operational Fees
SPMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.10% | 0.03% | 35.91% | 5.46% |
Management Fee | 0.75% | 0.00% | 1.50% | 70.30% |
12b-1 Fee | 0.40% | 0.00% | 1.00% | 67.61% |
Administrative Fee | N/A | 0.01% | 0.30% | 65.04% |
Sales Fees
SPMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 3.50% | 5.75% | 27.27% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
SPMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 3.85% |
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.
SPMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 55.00% | 0.00% | 304.00% | 61.21% |
SPMAX - Distributions
Dividend Yield Analysis
SPMAX | Category Low | Category High | SPMAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 30.37% | 91.87% |
Dividend Distribution Analysis
SPMAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
SPMAX | Category Low | Category High | SPMAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.60% | -2.06% | 3.38% | 91.83% |
Capital Gain Distribution Analysis
SPMAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
SPMAX - Fund Manager Analysis
Managers
Dennis Alff
Start Date
Tenure
Tenure Rank
Apr 30, 2006
16.1
16.1%
Mr. Alff has been a Senior Portfolio Manager at Vaughan Nelson since 2006. He began his investment career since 1997 and has also served as Vice President, Credit Arbitrage and Asset Investments at Koch Capital Markets and Project Leader at The Boston Consulting Group.
Christopher Wallis
Start Date
Tenure
Tenure Rank
Apr 30, 2006
16.1
16.1%
Christopher D. Wallis, CFA, is Senior Portfolio Manager. Mr. Wallis received his BBA in Accounting from Baylor University in 1991 and his MBA in 1998 from Harvard Business School. Mr. Wallis holds the Chartered Financial Analyst designation and is a Certified Public Accountant for the State of Texas. Prior to joining Vaughan Nelson Investment Management in 1999, he was an Associate at Simmons & Company International.
Chad Fargason
Start Date
Tenure
Tenure Rank
Nov 01, 2013
8.58
8.6%
Dr. Fargason has been a Senior Portfolio Manager at Vaughan Nelson since 2013. Before joining Vaughan Nelson, he was a Director at KKR&Co. from 2003 to 2013. Prior to that, he also served as a Senior Vice President at El Paso Corp. and Project Leader at The Boston Consulting Group.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.24 | 5.78 |