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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

Adaptive Hedged High Income Fund

CAHIX | Fund

$10.56

$52.2 M

0.80%

$0.08

2.57%

Vitals

YTD Return

4.1%

1 yr return

10.4%

3 Yr Avg Return

5.8%

5 Yr Avg Return

5.0%

Net Assets

$52.2 M

Holdings in Top 10

32.1%

52 WEEK LOW AND HIGH

$10.6
$9.94
$10.66

Expenses

OPERATING FEES

Expense Ratio 2.57%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 133.83%

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

Adaptive Hedged High Income Fund

CAHIX | Fund

$10.56

$52.2 M

0.80%

$0.08

2.57%

CAHIX - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.17%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Adaptive Hedged High Income Fund
  • Fund Family Name
    Cavalier
  • Inception Date
    Sep 26, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Wetherington

Fund Description

CAHIX - Performance

Return Ranking - Trailing

Period CAHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -69.1% 19.3% 7.13%
1 Yr 10.4% -16.2% 44.9% 43.30%
3 Yr 5.8%* -10.0% 17.4% 69.92%
5 Yr 5.0%* -5.0% 13.4% 72.83%
10 Yr N/A* 1.9% 11.1% N/A

* Annualized

Return Ranking - Calendar

Period CAHIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -75.1% 399.1% 17.24%
2022 8.7% -56.9% 226.1% 31.00%
2021 -7.9% -61.3% -0.4% 39.49%
2020 4.5% -49.0% 18.8% 4.17%
2019 4.4% -25.2% 28.6% 90.14%

Total Return Ranking - Trailing

Period CAHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -69.1% 19.3% 7.13%
1 Yr 9.4% -18.7% 52.4% 51.38%
3 Yr 5.8%* -10.0% 16.3% 60.70%
5 Yr 5.0%* -5.0% 12.7% 65.52%
10 Yr N/A* 1.9% 11.1% N/A

* Annualized

Total Return Ranking - Calendar

Period CAHIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -75.1% 399.1% 17.24%
2022 9.1% -56.9% 23.9% 21.00%
2021 -4.7% -61.3% 0.9% 19.82%
2020 8.2% -49.0% 18.8% 3.67%
2019 4.8% -25.2% 39.0% 89.43%

NAV & Total Return History

CAHIX - Holdings

Concentration Analysis

CAHIX Category Low Category High CAHIX % Rank
Net Assets 52.2 M 3.07 M 29.7 B 89.19%
Number of Holdings 116 1 2534 84.03%
Net Assets in Top 10 16.7 M -557 M 3.74 B 69.43%
Weighting of Top 10 32.07% 2.6% 100.0% 15.73%

Top 10 Holdings

  1. VanEck Fallen Angel HiYld Bd ETF 11.70%
  2. iShares Broad USD High Yield Corp Bd ETF 4.13%
  3. Newell Brands Inc. 4.2% 2.91%
  4. Goldman Sachs Access Hi Yld Corp Bd ETF 2.63%
  5. FirstEnergy Corp. 7.375% 2.13%
  6. Westinghouse Air Brake Technologies Corporation 4.7% 2.00%
  7. EQT Corporation 3.9% 1.70%
  8. Kraft Heinz Foods Company 4.375% 1.63%
  9. ArcelorMittal S.A. 7% 1.63%
  10. Apa Corporation 5.1% 1.61%

Asset Allocation

Weighting Return Low Return High CAHIX % Rank
Bonds 		98.14% 0.00% 149.08% 14.11%
Cash 		1.71% -46.64% 100.00% 68.07%
Convertible Bonds 		0.08% 0.00% 44.61% 90.47%
Stocks 		0.07% -1.62% 41.23% 62.25%
Preferred Stocks 		0.00% 0.00% 13.89% 81.44%
Other 		0.00% -53.57% 32.06% 70.92%

Bond Sector Breakdown

Weighting Return Low Return High CAHIX % Rank
Corporate 		98.29% 0.00% 100.00% 14.99%
Cash & Equivalents 		1.71% 0.00% 100.00% 77.08%
Derivative 		0.00% 0.00% 43.49% 73.48%
Securitized 		0.00% 0.00% 94.78% 80.79%
Municipal 		0.00% 0.00% 11.89% 65.80%
Government 		0.00% 0.00% 99.86% 75.34%

Bond Geographic Breakdown

Weighting Return Low Return High CAHIX % Rank
US 		94.54% -131.66% 137.02% 4.46%
Non US 		3.60% 0.00% 133.67% 92.70%

CAHIX - Expenses

Operational Fees

CAHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.57% 0.03% 4.79% 4.19%
Management Fee 1.00% 0.00% 1.84% 96.89%
12b-1 Fee 1.00% 0.00% 1.00% 92.35%
Administrative Fee 0.10% 0.00% 0.50% 55.30%

Sales Fees

CAHIX 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% 0.00% 5.50% 72.80%

Trading Fees

CAHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

CAHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 133.83% 0.00% 347.00% 93.30%

CAHIX - Distributions

Dividend Yield Analysis

CAHIX Category Low Category High CAHIX % Rank
Dividend Yield 0.80% 0.00% 34.04% 64.79%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CAHIX Category Low Category High CAHIX % Rank
Net Income Ratio 2.17% -2.39% 10.53% 98.61%

Capital Gain Distribution Analysis

CAHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

CAHIX - Fund Manager Analysis

Managers

Scott Wetherington

Start Date

Tenure

Tenure Rank

Jul 15, 2016

5.3

5.3%

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 37.21 6.86 2.34

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