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Trending ETFs

Name

As of 06/27/2023

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

$7.01

$21.2 M

0.00%

$0.00

2.39%

Vitals

YTD Return

-3.3%

1 yr return

-20.8%

3 Yr Avg Return

-9.9%

5 Yr Avg Return

-5.8%

Net Assets

$21.2 M

Holdings in Top 10

77.5%

52 WEEK LOW AND HIGH

$7.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.39%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/27/2023

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

$7.01

$21.2 M

0.00%

$0.00

2.39%

FXSAX - Profile

Distributions

  • YTD Total Return -3.3%
  • 3 Yr Annualized Total Return -9.9%
  • 5 Yr Annualized Total Return -5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    PSI Strategic Growth Fund
  • Fund Family Name
    Portfolio Strategies
  • Inception Date
    Aug 23, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Jajewski

Fund Description

The Fund’s investment adviser seeks to achieve the Fund’s primary investment objective by investing in a combination of underlying funds which include open-end investment companies (“mutual funds”) and exchange traded funds (“ETFs”) that each invest primarily in (1) U.S. fixed income securities, (2) money market securities, (3) U.S. equity securities (common and preferred stocks), (4) foreign equity securities (common and preferred stocks), or (5) alternative assets, which the Fund defines as commodity-related, currency-related or real estate-related securities, using the adviser’s market analysis strategy, or (6) inverse securities designed to produce short positions with returns opposite to the securities index to which they are linked. In pursuing the Fund’s strategies, the Fund may invest in (i) ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the performance of the underlying index, and (ii) inverse ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the inverse performance of the underlying index.

The adviser seeks to achieve the Fund’s secondary investment objective, in part, by investing in alternative assets, which it believes have returns that are not highly correlated to those of the equity or fixed income markets in general, and by hedging up to 50% of the Fund’s assets through derivatives or by purchasing inverse ETFs (securities designed to produce short positions with returns opposite to the securities index to which they are linked). The adviser may also use derivatives as a substitute for securities to fulfill either the primary or secondary investment objective.

Fund assets are selected by the adviser without restriction as to minimum issuer credit quality, sector, capitalization, country of origin, or security maturity. Fixed income ETFs may invest in non-investment grade fixed income securities, commonly known as “high yield” or “junk” bonds that are rated below Baa3 by Moody’s Investors Service or similarly by another rating agency. Foreign common stock ETFs may invest in common stock of companies located in emerging market countries. The use of “Growth” in the Fund’s name refers, generally, to the goal of growth of investment rather than a strategy of investing in relatively high-growth companies.

The adviser’s market analysis strategy assesses the return outlook for segments of the capital markets by giving consideration to both the long term historic risk (as measured by volatility of returns) and return characteristics of the various asset classes, as well as how fundamental drivers, such as economic growth rates, could be expected to shape the future return and risk characteristics. The strategy relies on broad asset class representation and the inclusion of lower correlated asset classes to reduce expected volatility and deliver favorable performance under various market conditions. The adviser anticipates that, based upon its analysis of long-term historical returns and volatility of various asset classes, the Fund will allocate assets in the following ranges.

Asset Class Percent Allocation
Equity 25% to 150%
Fixed Income 0% to 100%
Alternative Asset 0% to 50%

The adviser buys securities within specific market segments when its market analysis indicates a high probability that the segments and securities are likely to outperform competing investments. The adviser sells securities to reduce exposure to a market segment or a security when its analysis indicates that the segment or security is likely to underperform competing investments. The adviser will buy and sell derivatives for similar reasons.

The adviser may engage in frequent buying and selling of securities to achieve the Fund’s investment objectives, resulting in higher transactional and brokerage costs to the Fund. The Fund is not managed for tax efficiency.

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FXSAX - Performance

Return Ranking - Trailing

Period FXSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -12.3% 46.7% 95.95%
1 Yr -20.8% -20.8% 40.5% 100.00%
3 Yr -9.9%* -17.0% 16.3% 97.46%
5 Yr -5.8%* -13.0% 10.2% 95.09%
10 Yr -3.7%* -9.4% 4.1% 92.11%

* Annualized

Return Ranking - Calendar

Period FXSAX Return Category Return Low Category Return High Rank in Category (%)
2023 -35.0% -48.5% 15.7% 97.55%
2022 -5.8% -10.0% 21.8% 95.42%
2021 7.3% -5.8% 15.2% 4.42%
2020 2.5% -2.2% 6.5% 50.91%
2019 -4.1% -6.8% 0.3% 90.29%

Total Return Ranking - Trailing

Period FXSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.3% -23.0% 46.7% 92.31%
1 Yr -20.8% -20.8% 40.5% 100.00%
3 Yr -9.9%* -17.0% 16.3% 97.39%
5 Yr -5.8%* -13.0% 10.2% 94.86%
10 Yr -3.2%* -9.4% 6.4% 97.12%

* Annualized

Total Return Ranking - Calendar

Period FXSAX Return Category Return Low Category Return High Rank in Category (%)
2023 -35.0% -48.5% 15.7% 97.55%
2022 -5.8% -10.0% 21.8% 95.42%
2021 7.3% -5.8% 15.2% 4.42%
2020 2.5% -2.2% 6.5% 51.36%
2019 -4.1% -6.8% 0.3% 92.72%

NAV & Total Return History


FXSAX - Holdings

Concentration Analysis

FXSAX Category Low Category High FXSAX % Rank
Net Assets 21.2 M 1.96 M 15.7 B 93.12%
Number of Holdings 5 2 3255 95.55%
Net Assets in Top 10 19.1 M 349 K 12.1 B 87.45%
Weighting of Top 10 77.53% 22.9% 100.0% 47.25%

Top 10 Holdings

  1. Rydex Nova Inv 27.12%

Asset Allocation

Weighting Return Low Return High FXSAX % Rank
Stocks
108.60% 0.00% 238.38% 1.62%
Bonds
9.98% 0.00% 106.59% 72.06%
Other
2.91% -72.87% 73.78% 37.65%
Convertible Bonds
0.12% 0.00% 8.92% 37.25%
Preferred Stocks
0.00% 0.00% 6.21% 63.97%
Cash
-21.60% -65.52% 88.88% 93.93%

Stock Sector Breakdown

Weighting Return Low Return High FXSAX % Rank
Technology
25.59% 0.00% 85.77% 11.65%
Healthcare
13.65% 0.00% 38.63% 35.92%
Financial Services
13.31% 0.00% 98.22% 44.17%
Consumer Cyclical
11.81% 0.00% 25.83% 14.08%
Communication Services
9.41% 0.00% 21.61% 13.59%
Industrials
8.15% 0.00% 23.85% 64.56%
Consumer Defense
6.52% 0.00% 37.51% 48.06%
Energy
3.84% 0.00% 60.89% 64.56%
Utilities
2.71% 0.00% 91.12% 57.77%
Real Estate
2.71% 0.00% 99.45% 57.28%
Basic Materials
2.30% 0.00% 56.73% 74.27%

Stock Geographic Breakdown

Weighting Return Low Return High FXSAX % Rank
US
107.50% -1.19% 235.84% 1.62%
Non US
1.10% -6.82% 98.11% 62.35%

Bond Sector Breakdown

Weighting Return Low Return High FXSAX % Rank
Cash & Equivalents
76.41% -72.56% 100.00% 25.51%
Corporate
8.88% 0.00% 98.28% 36.84%
Securitized
8.02% 0.00% 52.99% 13.77%
Government
6.57% 0.00% 99.78% 72.47%
Derivative
0.13% 0.00% 71.81% 40.49%
Municipal
0.00% 0.00% 19.13% 68.83%

Bond Geographic Breakdown

Weighting Return Low Return High FXSAX % Rank
US
8.89% -17.22% 99.80% 68.42%
Non US
1.09% -2.67% 63.37% 58.70%

FXSAX - Expenses

Operational Fees

FXSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.39% 0.21% 5.96% 13.64%
Management Fee 1.00% 0.00% 1.50% 75.30%
12b-1 Fee 0.25% 0.00% 1.00% 51.83%
Administrative Fee N/A 0.05% 0.70% 41.88%

Sales Fees

FXSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 24.39%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FXSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 46.15%

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.

FXSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 441.00% 99.71%

FXSAX - Distributions

Dividend Yield Analysis

FXSAX Category Low Category High FXSAX % Rank
Dividend Yield 0.00% 0.00% 47.32% 73.66%

Dividend Distribution Analysis

FXSAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

FXSAX Category Low Category High FXSAX % Rank
Net Income Ratio -1.30% -2.12% 13.72% 93.52%

Capital Gain Distribution Analysis

FXSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FXSAX - Fund Manager Analysis

Managers

David Jajewski


Start Date

Tenure

Tenure Rank

Aug 23, 2010

11.78

11.8%

David holds a degree in Economics from Ripon College. He began his risk management career in 1983, and by 1987, he had established his own practice, working with clients to help them define and achieve their financial goals. He began representing Portfolio Strategies in 1991, and in 1995, in a joint venture, he helped create the Variable Products Division at PSI, which manages tax-deferred products. Then in 2001, David joined PSI as a managing partner. Most recently in 2009, he became President and Chief Compliance Officer.

John Williamson


Start Date

Tenure

Tenure Rank

Aug 23, 2010

11.78

11.8%

Mr. Williamson joined the Portfolio Strategies, Inc. in 2001 as Marketing Director and has served as Managing Partner since 2005. Mr. Williamson holds a B.S. in Business Management degree from Oral Roberts University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.83 6.65 13.0