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Trending ETFs

Name

As of 11/12/2021

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

$9.41

$22 M

3.02%

$0.28

2.36%

Vitals

YTD Return

-2.0%

1 yr return

0.0%

3 Yr Avg Return

0.3%

5 Yr Avg Return

2.2%

Net Assets

$22 M

Holdings in Top 10

97.2%

52 WEEK LOW AND HIGH

$9.4
$9.20
$9.71

Expenses

OPERATING FEES

Expense Ratio 2.36%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 148.62%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/12/2021

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

$9.41

$22 M

3.02%

$0.28

2.36%

CADAX - Profile

Distributions

  • YTD Total Return -2.0%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Adaptive Hedged Multi-Asset Income Fund
  • Fund Family Name
    Cavalier
  • Inception Date
    Feb 25, 2011
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Wetherington

Fund Description


CADAX - Performance

Return Ranking - Trailing

Period CADAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -26.6% 29.1% 75.73%
1 Yr 0.0% -29.7% 61.3% 93.58%
3 Yr 0.3%* -10.8% 12.0% 94.24%
5 Yr 2.2%* -14.6% 12.9% 85.45%
10 Yr 1.7%* -1.5% 13.9% 92.90%

* Annualized

Return Ranking - Calendar

Period CADAX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.6% -49.2% 314.3% 79.30%
2022 0.6% -35.1% 16.7% 86.93%
2021 0.1% -48.0% 3.4% 2.96%
2020 -0.5% -14.8% 11.2% 87.52%
2019 4.9% -11.2% 12.8% 22.68%

Total Return Ranking - Trailing

Period CADAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -26.6% 29.7% 75.86%
1 Yr -1.0% -33.8% 61.3% 92.58%
3 Yr 0.3%* -12.5% 13.0% 93.60%
5 Yr 2.2%* -15.6% 12.9% 83.71%
10 Yr 1.7%* -1.5% 13.9% 92.74%

* Annualized

Total Return Ranking - Calendar

Period CADAX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.6% -49.2% 314.3% 79.45%
2022 1.0% -35.1% 16.7% 86.61%
2021 3.7% -48.0% 8.0% 2.43%
2020 3.9% -14.8% 15.2% 37.43%
2019 6.4% -11.2% 17.7% 26.82%

NAV & Total Return History


CADAX - Holdings

Concentration Analysis

CADAX Category Low Category High CADAX % Rank
Net Assets 22 M 100 145 B 95.66%
Number of Holdings 16 3 7887 91.54%
Net Assets in Top 10 21.4 M -8.09 B 8.37 B 70.45%
Weighting of Top 10 97.24% 3.8% 100.0% 4.65%

Top 10 Holdings

  1. iShares Broad USD High Yield Corp Bd ETF 26.84%
  2. Invesco QQQ Trust 15.48%
  3. Global X NASDAQ 100 Covered Call ETF 11.09%
  4. Credit Suisse X-Links Gold Cov Call ETN 9.39%
  5. Financial Select Sector SPDR® ETF 7.45%
  6. Energy Select Sector SPDR® ETF 7.28%
  7. Global X SuperDividend™ US ETF 6.74%
  8. Global X SuperDividend™ ETF 6.17%
  9. Fidelity® Inv MM Fds Government I 5.94%
  10. Asset Backed Funding Corp 5.77%

Asset Allocation

Weighting Return Low Return High CADAX % Rank
Stocks
54.18% -7.25% 188.30% 0.63%
Bonds
29.04% -163.10% 265.72% 96.59%
Other
9.39% -39.52% 107.15% 3.91%
Cash
7.03% -172.58% 275.76% 47.60%
Convertible Bonds
0.36% 0.00% 20.90% 74.87%
Preferred Stocks
0.00% 0.00% 32.50% 78.66%

Stock Sector Breakdown

Weighting Return Low Return High CADAX % Rank
Technology
23.10% 0.00% 49.62% 2.20%
Financial Services
16.53% 0.00% 100.00% 29.40%
Energy
15.81% 0.00% 100.00% 39.80%
Communication Services
10.68% 0.00% 100.00% 26.80%
Consumer Cyclical
9.18% 0.00% 100.00% 22.80%
Real Estate
6.88% 0.00% 100.00% 22.80%
Consumer Defense
5.64% 0.00% 99.98% 17.80%
Industrials
4.30% 0.00% 100.00% 37.00%
Healthcare
4.29% 0.00% 100.00% 21.40%
Utilities
2.26% 0.00% 100.00% 32.20%
Basic Materials
1.33% 0.00% 47.08% 33.60%

Stock Geographic Breakdown

Weighting Return Low Return High CADAX % Rank
US
48.83% -7.25% 188.30% 0.63%
Non US
5.35% -0.01% 12.83% 0.76%

Bond Sector Breakdown

Weighting Return Low Return High CADAX % Rank
Corporate
73.15% 0.00% 100.00% 13.67%
Cash & Equivalents
19.37% 0.00% 100.00% 21.14%
Securitized
7.48% 0.00% 99.08% 68.99%
Derivative
0.00% 0.00% 66.05% 76.96%
Municipal
0.00% 0.00% 54.18% 68.86%
Government
0.00% 0.00% 99.74% 93.16%

Bond Geographic Breakdown

Weighting Return Low Return High CADAX % Rank
US
25.95% -163.42% 209.58% 90.03%
Non US
3.09% -34.21% 119.03% 92.17%

CADAX - Expenses

Operational Fees

CADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.36% 0.02% 5.53% 9.17%
Management Fee 1.00% 0.00% 2.25% 84.47%
12b-1 Fee 1.00% 0.00% 1.00% 90.28%
Administrative Fee 0.10% 0.01% 0.85% 44.36%

Sales Fees

CADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 68.66%

Trading Fees

CADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

CADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 148.62% 0.00% 498.00% 82.14%

CADAX - Distributions

Dividend Yield Analysis

CADAX Category Low Category High CADAX % Rank
Dividend Yield 3.02% 0.00% 2.96% 0.49%

Dividend Distribution Analysis

CADAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CADAX Category Low Category High CADAX % Rank
Net Income Ratio 1.54% -4.62% 11.44% 88.80%

Capital Gain Distribution Analysis

CADAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Monthly Monthly

Distributions History

View More +

CADAX - Fund Manager Analysis

Managers

Scott Wetherington


Start Date

Tenure

Tenure Rank

Oct 01, 2020

1.08

1.1%

Scott is an accomplished member of the Cavalier team with 25 years of experience in portfolio management, research and investment strategies. Scott serves as Chief Investment Officer and is responsible for leading the research and investment strategies for Cavalier’s Mutual Funds. He also serves as Portfolio Manager for Cavalier’s Tactical Economic SMA, Cavalier Tactical Economic Fund, Cavalier Hedged High Income Fund and the NE Index Fund. Prior to Cavalier, Scott served as Senior Portfolio Manager and Chief Investment Strategist for Linder Capital Advisors. Scott is a frequent speaker at conferences on Portfolio Management and has been honored as a guest speaker at Georgia Institute of Technology. Scott earned his Bachelor of Business Administration at James Madison University. He resides in Georgia with his family. Scott also holds the Chartered Financial Analyst designation (CFA) and is a member of the Atlanta Society of Finance and Investment Professionals.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 27.85 5.53 2.61