Absolute Capital Asset Allocator Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.2%
1 yr return
15.2%
3 Yr Avg Return
0.8%
5 Yr Avg Return
4.0%
Net Assets
$42 M
Holdings in Top 10
64.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.11%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 219.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AAMAX - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAbsolute Capital Asset Allocator Fund
-
Fund Family NameAbsolute Capital
-
Inception DateDec 18, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPhillip Gebben
Fund Description
The Fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds (ETFs) and closed-end funds (collectively, the Underlying Funds) in domestic and foreign (including emerging markets) (i) fixed income securities of any maturity or credit quality (including junk bonds); (ii) equity securities of any market capitalization; and (iii) exchange traded notes (ETNs).
In selecting securities for the Fund, the Funds adviser, Absolute Capital Management, LLC (the Adviser), first identifies a universe of investable securities by analyzing market trends in equity and fixed income securities by evaluating both quantitative and qualitative data, including the overall price movement of various indices that represent different segments of the market. The Adviser uses this assessment to allocate the Funds assets among the asset classes described above. If, for example, an index that represents domestic equity securities indicates to the Adviser that the domestic equity segment of the market is increasing in value while an index that represents domestic fixed income securities is decreasing in value, the Fund would allocate the Funds portfolio to equities instead of fixed income or cash. The asset classes and weightings of the Fund vary over time based on the Advisers analysis and in response to changing market conditions, which generally results in high portfolio turnover.
AAMAX - Performance
Return Ranking - Trailing
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -4.2% | 13.1% | 14.86% |
1 Yr | 15.2% | -7.3% | 59.4% | 17.65% |
3 Yr | 0.8%* | -23.9% | 8.8% | 34.09% |
5 Yr | 4.0%* | -11.8% | 16.7% | 47.55% |
10 Yr | N/A* | -4.8% | 9.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -18.9% | 60.2% | 18.02% |
2022 | -18.4% | -48.5% | 0.1% | 66.67% |
2021 | 6.1% | -19.0% | 48.3% | 32.13% |
2020 | 5.6% | -16.5% | 52.8% | 50.48% |
2019 | 9.9% | -8.5% | 27.3% | 51.71% |
Total Return Ranking - Trailing
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -4.2% | 13.1% | 14.86% |
1 Yr | 15.2% | -7.3% | 59.4% | 17.65% |
3 Yr | 0.8%* | -23.9% | 8.8% | 34.09% |
5 Yr | 4.0%* | -11.8% | 16.7% | 47.55% |
10 Yr | N/A* | -4.8% | 9.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AAMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -11.7% | 61.8% | 28.38% |
2022 | -18.4% | -48.5% | 4.6% | 83.33% |
2021 | 15.2% | -14.2% | 48.3% | 23.98% |
2020 | 5.6% | -11.7% | 77.4% | 61.43% |
2019 | 10.3% | -3.9% | 30.2% | 76.59% |
NAV & Total Return History
AAMAX - Holdings
Concentration Analysis
AAMAX | Category Low | Category High | AAMAX % Rank | |
---|---|---|---|---|
Net Assets | 42 M | 1.98 M | 13.3 B | 76.34% |
Number of Holdings | 30 | 2 | 1954 | 56.70% |
Net Assets in Top 10 | 27.1 M | 1.16 M | 10.4 B | 76.34% |
Weighting of Top 10 | 64.56% | 0.4% | 149.2% | 59.38% |
Top 10 Holdings
- INVESCO SP 500 REV ETF 8.46%
- SCHW FUNDAM L/C 7.38%
- VANGUARD TOTAL STOCK MKT 7.35%
- INVESCO QQQ TRUST SERIES 6.93%
- B 01/02/24 6.67%
- B 02/01/24 6.40%
- B 03/05/24 6.14%
- SPDR-SP1500 VAL 5.57%
- INDUSTRIAL SELECT SECT SP 5.38%
- VANGUARD COMMUNICATION SE 4.29%
Asset Allocation
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
Stocks | 78.91% | 0.00% | 137.56% | 61.61% |
Bonds | 19.21% | 0.00% | 106.59% | 25.89% |
Cash | 1.98% | -33.22% | 99.05% | 64.73% |
Convertible Bonds | 0.39% | 0.00% | 8.92% | 32.14% |
Preferred Stocks | 0.00% | 0.00% | 5.36% | 50.45% |
Other | 0.00% | -29.71% | 128.17% | 61.61% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
Industrials | 14.15% | 0.00% | 23.85% | 11.58% |
Consumer Defense | 13.85% | 0.00% | 37.51% | 14.74% |
Healthcare | 13.69% | 0.00% | 38.63% | 32.63% |
Utilities | 13.30% | 0.00% | 91.12% | 7.37% |
Technology | 12.31% | 0.00% | 85.77% | 64.21% |
Basic Materials | 8.14% | 0.00% | 56.73% | 10.53% |
Communication Services | 8.05% | 0.00% | 21.61% | 23.68% |
Financial Services | 7.87% | 0.00% | 98.22% | 74.74% |
Consumer Cyclical | 3.44% | 0.00% | 25.83% | 77.89% |
Energy | 3.14% | 0.00% | 60.89% | 74.74% |
Real Estate | 2.07% | 0.00% | 99.45% | 63.16% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
US | 78.91% | 0.00% | 137.56% | 57.59% |
Non US | 0.00% | -1.94% | 41.50% | 51.79% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
Government | 15.86% | 0.00% | 99.78% | 66.52% |
Corporate | 15.41% | 0.00% | 98.28% | 28.57% |
Cash & Equivalents | 1.98% | 0.00% | 72.84% | 50.89% |
Municipal | 0.32% | 0.00% | 19.13% | 8.93% |
Securitized | 0.17% | 0.00% | 52.99% | 44.20% |
Derivative | 0.00% | -14.68% | 128.17% | 58.48% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AAMAX % Rank | |
---|---|---|---|---|
US | 19.21% | 0.00% | 92.67% | 25.00% |
Non US | 0.00% | 0.00% | 27.25% | 52.23% |
AAMAX - Expenses
Operational Fees
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.11% | 0.49% | 10.24% | 30.80% |
Management Fee | 1.00% | 0.00% | 1.50% | 72.32% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 45.95% |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 16.22% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
AAMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 219.00% | 1.75% | 441.00% | 85.08% |
AAMAX - Distributions
Dividend Yield Analysis
AAMAX | Category Low | Category High | AAMAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 25.13% | 89.29% |
Dividend Distribution Analysis
AAMAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
AAMAX | Category Low | Category High | AAMAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.21% | -2.01% | 13.72% | 68.30% |
Capital Gain Distribution Analysis
AAMAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
AAMAX - Fund Manager Analysis
Managers
Phillip Gebben
Start Date
Tenure
Tenure Rank
Dec 18, 2015
6.45
6.5%
Mr. Gebben is responsible for portfolio management, research, product design and operations. He has been the portfolio manager of this strategy since its inception. He earned an MBA from the University of Illinois, Springfield and his BA from Illinois Wesleyan University. He holds a Certified Investment Management Analyst, CIMA (R), designation through IMCA in conjunction with the Wharton School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.83 | 6.65 | 13.0 |