Adaptive Hedged Multi-Asset Income C
Name
As of 11/12/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 11/12/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAdaptive Hedged Multi-Asset Income Fund
-
Fund Family NameCavalier
-
Inception DateFeb 25, 2011
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerScott 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
- iShares Broad USD High Yield Corp Bd ETF 26.84%
- Invesco QQQ Trust 15.48%
- Global X NASDAQ 100 Covered Call ETF 11.09%
- Credit Suisse X-Links Gold Cov Call ETN 9.39%
- Financial Select Sector SPDR® ETF 7.45%
- Energy Select Sector SPDR® ETF 7.28%
- Global X SuperDividend⢠US ETF 6.74%
- Global X SuperDividend⢠ETF 6.17%
- Fidelity® Inv MM Fds Government I 5.94%
- 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
Date | Amount | Type |
---|---|---|
Oct 28, 2021 | $0.024 | |
Sep 28, 2021 | $0.024 | |
Aug 27, 2021 | $0.020 | |
Jul 29, 2021 | $0.019 | |
Jun 28, 2021 | $0.017 | |
May 27, 2021 | $0.021 | |
Apr 28, 2021 | $0.029 | |
Mar 29, 2021 | $0.006 | |
Feb 25, 2021 | $0.001 | |
Jan 28, 2021 | $0.003 | |
Dec 30, 2020 | $0.050 | |
Nov 25, 2020 | $0.006 | |
Oct 28, 2020 | $0.007 | |
Sep 28, 2020 | $0.015 | |
Aug 27, 2020 | $0.005 | |
Jul 29, 2020 | $0.016 | |
Jun 26, 2020 | $0.016 | |
May 27, 2020 | $0.015 | |
Apr 28, 2020 | $0.017 | |
Mar 27, 2020 | $0.014 | |
Feb 26, 2020 | $0.024 | |
Jan 29, 2020 | $0.015 | |
Dec 30, 2019 | $0.017 | |
Nov 27, 2019 | $0.011 | |
Oct 29, 2019 | $0.031 | |
Sep 25, 2019 | $0.021 | |
Aug 28, 2019 | $0.018 | |
Jul 29, 2019 | $0.023 | |
Jun 26, 2019 | $0.025 | |
May 29, 2019 | $0.026 | |
Apr 26, 2019 | $0.024 | |
Mar 27, 2019 | $0.029 | |
Feb 26, 2019 | $0.023 | |
Jan 29, 2019 | $0.017 | |
Dec 24, 2018 | $0.024 | |
Nov 28, 2018 | $0.025 | |
Oct 29, 2018 | $0.032 | |
Sep 26, 2018 | $0.023 | |
Aug 29, 2018 | $0.020 | |
Jul 27, 2018 | $0.029 | |
Jun 27, 2018 | $0.045 | |
May 29, 2018 | $0.025 | |
Apr 26, 2018 | $0.015 | |
Mar 28, 2018 | $0.016 | |
Jan 29, 2018 | $0.093 | |
Dec 15, 2017 | $0.066 | |
Nov 28, 2017 | $0.059 | |
Sep 27, 2017 | $0.021 | |
Aug 29, 2017 | $0.064 | |
Jul 27, 2017 | $0.027 | |
Jun 28, 2017 | $0.024 | |
May 26, 2017 | $0.058 | |
Apr 26, 2017 | $0.024 | |
Mar 29, 2017 | $0.027 | |
Feb 28, 2017 | $0.055 | |
Jan 31, 2017 | $0.010 | |
Dec 30, 2016 | $0.012 | |
Dec 16, 2016 | $0.024 | |
Nov 30, 2016 | $0.051 | |
Oct 31, 2016 | $0.023 | |
Sep 30, 2016 | $0.024 | |
Aug 31, 2016 | $0.001 | |
Jun 30, 2016 | $0.005 | |
Dec 31, 2015 | $0.020 | |
Dec 16, 2015 | $0.004 | |
Oct 30, 2015 | $0.001 | |
Sep 30, 2015 | $0.005 | |
Jun 30, 2015 | $0.005 | |
May 29, 2015 | $0.003 | |
Apr 30, 2015 | $0.002 | |
Mar 31, 2015 | $0.002 | |
Feb 27, 2015 | $0.002 | |
Jan 30, 2015 | $0.015 | |
Dec 31, 2014 | $0.018 | |
Dec 16, 2014 | $0.007 | |
Oct 31, 2014 | $0.002 | |
Aug 29, 2014 | $0.004 | |
Jun 30, 2014 | $0.011 | |
May 30, 2014 | $0.006 | |
Apr 30, 2014 | $0.005 | |
Mar 31, 2014 | $0.008 | |
Feb 28, 2014 | $0.002 | |
Jan 31, 2014 | $0.007 | |
Dec 31, 2013 | $0.008 | |
Nov 29, 2013 | $0.017 | |
Oct 31, 2013 | $0.003 | |
Sep 30, 2013 | $0.010 | |
Aug 30, 2013 | $0.004 | |
Dec 17, 2012 | $0.251 | |
Nov 30, 2012 | $0.185 | |
Dec 30, 2011 | $0.102 |
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 |