Smart Diversification Fund
Name
As of 11/24/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.3%
1 yr return
1.6%
3 Yr Avg Return
-0.1%
5 Yr Avg Return
N/A
Net Assets
$11 M
Holdings in Top 10
100.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 223.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/24/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SMDFX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.31%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSmart Diversification Fund
-
Fund Family NameMonteagle Funds
-
Inception DateSep 03, 2019
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregory Luken
Fund Description
The Fund seeks to meet its investment objective by investing under normal market conditions at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) measured at the time of purchase, in exchange-traded funds (“ETFs”) that invest in domestic and foreign (i) equity securities of all market capitalizations, (ii) fixed-income securities of any credit quality, (iii) commodities (e.g., gold), (iv) real estate investment trusts (“REITs”) and (iv) cash or cash equivalents. The foreign securities held by the underlying ETFs may include those in emerging markets. While the percentage invested in each asset class will change over time, the Fund invests primarily in equity securities and fixed income securities. The Fund may invest in fixed income securities of any credit quality (including high yield or “junk” bonds) and any maturity duration.
Luken Investment Analytics, LLC, the Fund’s investment sub-adviser, uses the Smart Diversification® strategy, which is based on a proprietary quantitative model that uses trend analysis with a risk-management overlay to analyze each of the portfolio’s fixed income, equities, cash or cash equivalent, and commodities or REIT, asset classes in the portfolio. The model uses trend, strength, and risk indicators to determine the weighting of each asset class held in the portfolio. The Adviser ranks each investment type (asset class) using a proprietary system which considers medium to long-term price trends ranging from a few weeks (short-term) to several months (long-term). If equity markets are trending upward for the applicable period, assets are allocated into equity investments according to the proprietary model’s rules; and if equities are trending downward, the assets are primarily invested in fixed income securities, cash or alternatives as dictated by the applicable model. These decisions are made by pre-set rules. Proprietary indicators are used for strength and risk and may affect the portfolio’s asset class weightings.
The sub-adviser anticipates rebalancing the Fund’s portfolio based upon the sub-adviser’s proprietary indicators. A consequence of the Sub-adviser’s strategy, under certain market conditions, is high turnover. During protracted economic downturns, the sub-adviser may utilize defensive positioning, by increasing portfolio allocations to cash, fixed-income ETFs and alternative/specialty ETFs. Alternative or specialty ETFs are selected to provide positive returns and diversification. These may include ETFs linked to commodities, gold and managed futures. A consequence of the Sub-adviser’s strategy, under certain market conditions, is high turnover. The Sub-adviser sees active trading as necessary to address market disturbances, volatility and the like.
SMDFX - Performance
Return Ranking - Trailing
Period | SMDFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | -24.4% | 26.5% | 7.87% |
1 Yr | 1.6% | -12.5% | 45.8% | 14.23% |
3 Yr | -0.1%* | -1.9% | 15.9% | N/A |
5 Yr | N/A* | 1.3% | 15.3% | N/A |
10 Yr | N/A* | 0.6% | 14.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | SMDFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -24.5% | -21.0% | 24.5% | 1.31% |
2022 | 10.7% | -1.3% | 27.8% | N/A |
2021 | 21.6% | -25.7% | 1.5% | N/A |
2020 | N/A | -100.0% | 20.6% | N/A |
2019 | N/A | -17.0% | 209.2% | N/A |
Total Return Ranking - Trailing
Period | SMDFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | -24.4% | 26.5% | 7.66% |
1 Yr | 1.6% | -16.9% | 45.8% | 11.41% |
3 Yr | -0.1%* | -3.0% | 15.9% | N/A |
5 Yr | N/A* | 0.9% | 15.3% | N/A |
10 Yr | N/A* | 0.6% | 14.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SMDFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -23.3% | -21.0% | 24.5% | 1.31% |
2022 | 22.6% | -1.3% | 27.8% | N/A |
2021 | 21.8% | -25.7% | 1.5% | N/A |
2020 | N/A | -100.0% | 23.1% | N/A |
2019 | N/A | -9.5% | 216.9% | N/A |
NAV & Total Return History
SMDFX - Holdings
Concentration Analysis
SMDFX | Category Low | Category High | SMDFX % Rank | |
---|---|---|---|---|
Net Assets | 11 M | 3.53 M | 107 B | 88.78% |
Number of Holdings | 8 | 2 | 2709 | 95.26% |
Net Assets in Top 10 | 14.5 M | -15.2 M | 21.5 B | 77.67% |
Weighting of Top 10 | 100.11% | 10.0% | 100.0% | 4.35% |
Top 10 Holdings
- SPDR SP 500 ETF Trust 30.16%
- iShares China Large-Cap ETF 15.95%
- Invesco QQQ Trust, Series 1 ETF 15.62%
- Federated Hermes Government Obligations Fund - Institutional Class 15.33%
- iShares MSCI India ETF 9.69%
- iShares MSCI Emerging Markets ETF 5.40%
- SPDR Portfolio Emerging Markets ETF 4.73%
- First Trust China AlphaDEX Fund 3.23%
Asset Allocation
Weighting | Return Low | Return High | SMDFX % Rank | |
---|---|---|---|---|
Stocks | 84.78% | -12.12% | 97.61% | 0.20% |
Cash | 15.33% | -160.17% | 127.83% | 89.33% |
Preferred Stocks | 0.00% | 0.00% | 13.85% | 75.30% |
Other | 0.00% | -1.08% | 213.06% | 78.26% |
Convertible Bonds | 0.00% | 0.00% | 18.91% | 70.36% |
Bonds | 0.00% | -15.70% | 175.29% | 93.68% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SMDFX % Rank | |
---|---|---|---|---|
Technology | 26.61% | 0.00% | 40.06% | 1.21% |
Consumer Cyclical | 13.69% | 0.00% | 78.61% | 33.20% |
Communication Services | 10.67% | 0.00% | 33.88% | 8.50% |
Financial Services | 9.74% | 0.00% | 46.60% | 83.40% |
Healthcare | 8.19% | 0.00% | 30.30% | 74.70% |
Consumer Defense | 7.72% | 0.00% | 32.51% | 74.70% |
Industrials | 7.49% | 0.14% | 33.43% | 89.88% |
Utilities | 5.80% | 0.00% | 37.12% | 30.57% |
Basic Materials | 5.00% | 0.00% | 60.23% | 94.13% |
Energy | 2.93% | 0.00% | 33.63% | 95.34% |
Real Estate | 2.15% | 0.00% | 83.81% | 18.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SMDFX % Rank | |
---|---|---|---|---|
US | 84.78% | -8.41% | 92.07% | 0.20% |
Non US | 0.00% | -3.71% | 60.41% | 94.66% |
SMDFX - Expenses
Operational Fees
SMDFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.06% | 0.15% | 3.14% | 9.36% |
Management Fee | 0.42% | 0.00% | 1.90% | 23.58% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.97% |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
SMDFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
SMDFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
SMDFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 223.00% | 0.00% | 427.00% | 97.16% |
SMDFX - Distributions
Dividend Yield Analysis
SMDFX | Category Low | Category High | SMDFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.13% | 3.35% |
Dividend Distribution Analysis
SMDFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
SMDFX | Category Low | Category High | SMDFX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.31% | -2.24% | 7.33% | 97.06% |
Capital Gain Distribution Analysis
SMDFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2022 | $0.041 | OrdinaryDividend |
Dec 29, 2020 | $0.016 | OrdinaryDividend |
SMDFX - Fund Manager Analysis
Managers
Gregory Luken
Start Date
Tenure
Tenure Rank
Sep 03, 2019
2.74
2.7%
Gregory L. Luken serves as President of Luken Investment Analytics, LLC since May 2013. Gregory started in the securities industry in 1988 and began developing math-based solutions for his clients in the early 1990’s. Luken founded and ran a Broker/Dealer, two RIAs and was a founding shareholder in a firm providing software to institutional trading desks for non-standardized derivative securities. He has authored Retire With Confidence, Your Toolbox For Financial Independence, and has been published in Financial Advisor and Wealth Management Magazine
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 29.77 | 6.5 | 8.75 |