BDKAX: Braddock Multi-Strategy Income A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

BDKAX Braddock Multi-Strategy Income A


Profile

BDKAX - Profile

Vitals

  • YTD Return -35.0%
  • 3 Yr Annualized Return -12.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $967 M
  • Holdings in Top 10 55.6%

52 WEEK LOW AND HIGH

$6.75
$3.39
$10.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.76%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -35.0%
  • 3 Yr Annualized Total Return -11.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.78%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Braddock Multi-Strategy Income Fund
  • Fund Family Name
    Liberty Street
  • Inception Date
    Dec 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Toby Giordano

Fund Description

Under normal market conditions, the fund will pursue its investment strategy by investing primarily in asset-backed debt securities. It may also invest up to 15% of its net assets in illiquid securities, which may include certain collateralized loan obligations ("CLOs"). The fund is non-diversified.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

BDKAX - Performance

Return Ranking - Trailing

Period BDKAX Return Category Return Low Category Return High Rank in Category (%)
YTD -35.0% -55.0% 6.9% 98.60%
1 Yr -34.7% -55.3% 10.9% 98.23%
3 Yr -12.9%* -37.8% 4.9% 97.97%
5 Yr N/A* -32.5% 17.9% 0.79%
10 Yr N/A* -5.0% 1.0% N/A

* Annualized

Return Ranking - Calendar

Period BDKAX Return Category Return Low Category Return High Rank in Category (%)
2019 2.4% -35.1% 15.3% 88.34%
2018 -1.2% -48.0% 0.8% 3.31%
2017 2.2% -14.8% 11.2% 54.64%
2016 0.5% -11.2% 19.1% 83.94%
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period BDKAX Return Category Return Low Category Return High Rank in Category (%)
YTD -35.0% -55.0% 6.9% 98.60%
1 Yr -34.7% -55.3% 6.2% 98.23%
3 Yr -11.7%* -37.8% 3.8% 98.31%
5 Yr N/A* -32.5% 17.9% 1.19%
10 Yr N/A* -5.0% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period BDKAX Return Category Return Low Category Return High Rank in Category (%)
2019 2.7% -35.1% 15.3% 87.73%
2018 2.6% -48.0% 4.8% 2.65%
2017 2.2% -14.8% 14.0% 71.07%
2016 0.5% -11.2% 22.5% 86.86%
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

BDKAX - Holdings

Concentration Analysis

BDKAX Category Low Category High BDKAX % Rank
Net Assets 967 M 6.88 M 120 B 39.24%
Number of Holdings 159 6 7819 82.15%
Net Assets in Top 10 253 M -201 M 5.37 B 33.43%
Weighting of Top 10 55.61% 5.8% 214.0% 14.02%

Top 10 Holdings

  1. MS Liquidity Fds Euro Lqdy Instl Acc 37.56%
  2. Federal Home Loan Mortgage Corporation 1.96% 3.28%
  3. Fhlmc Wlst 3.81% 3.17%
  4. Fhlmc Wlst 3.81% 2.50%
  5. Federal Home Loan Mortgage Corporation 2.03% 2.19%
  6. Federal National Mortgage Association 3.35% 1.79%
  7. Mosaic Solar Loan Trust 7.44% 1.33%
  8. HOME RE LIMITED 4.2% 1.28%
  9. VIVINT SOLAR FINANCING IV LLC 6.36% 1.26%
  10. Pnmac Gsmr Issuer Trust 3.6% 1.25%

Asset Allocation

Weighting Return Low Return High BDKAX % Rank
Bonds
69.27% 9.56% 233.78% 90.70%
Cash
37.47% -144.73% 61.37% 1.42%
Stocks
0.00% -0.56% 15.10% 98.59%
Preferred Stocks
0.00% 0.00% 79.92% 99.15%
Convertible Bonds
0.00% 0.00% 15.09% 100.00%
Other
-6.74% -8.59% 30.55% 98.87%

Bond Sector Breakdown

Weighting Return Low Return High BDKAX % Rank
Securitized
64.22% 0.00% 99.12% 9.35%
Cash & Equivalents
35.00% 0.12% 45.23% 3.12%
Corporate
0.77% 0.00% 93.46% 94.05%
Derivative
0.00% -0.44% 43.88% 99.15%
Municipal
0.00% 0.00% 34.19% 99.15%
Government
0.00% 0.00% 99.82% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High BDKAX % Rank
US
67.39% 5.88% 233.33% 57.79%
Non US
1.88% -46.36% 71.44% 89.52%

Expenses

BDKAX - Expenses

Operational Fees

BDKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.76% 0.06% 24.26% 28.03%
Management Fee 1.25% 0.00% 2.25% 93.92%
12b-1 Fee 0.25% 0.00% 1.00% 54.59%
Administrative Fee 0.10% 0.01% 0.70% 62.39%

Sales Fees

BDKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 1.00% 5.75% 46.38%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BDKAX 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.

BDKAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 421.00% 16.07%

Distributions

BDKAX - Distributions

Dividend Yield Analysis

BDKAX Category Low Category High BDKAX % Rank
Dividend Yield 0.00% 0.00% 4.72% 98.90%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BDKAX Category Low Category High BDKAX % Rank
Net Income Ratio 3.78% 1.07% 18.14% 50.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BDKAX - Fund Manager Analysis

Managers

Toby Giordano


Start Date

Tenure

Tenure Rank

Jul 31, 2009

10.92

10.9%

Mr. Giordano, CFA, serves as the Vice President and Portfolio Manager of Braddock Financial LLC.

Garrett Tripp


Start Date

Tenure

Tenure Rank

Jul 31, 2009

10.92

10.9%

Mr. Tripp, CFA, serves as the Senior Vice President and Senior Portfolio Manager of Braddock Financial LLC.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 29.15 5.77 5.5