BIVSX: Invenomic Fund

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BIVSX Invenomic Fund


Profile

BIVSX - Profile

Vitals

  • YTD Return -11.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $237 M
  • Holdings in Top 10 22.3%

52 WEEK LOW AND HIGH

$10.19
$10.16
$11.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.58%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 100.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $50,000,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -11.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.30%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Invenomic Fund
  • Fund Family Name
    Balter
  • Inception Date
    May 10, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ali Motamed

Fund Description

The fund invests primarily in both long and short positions in equity securities principally traded in United States markets. Under normal market conditions, the Sub-Adviser seeks to be fully invested in the long portfolio (greater than 90%), while allowing the size of the short portfolio to fluctuate based on the market opportunity. The fund may invest in equity securities of any type and across all market capitalizations. It may invest in securities of companies operating less than three years ("unseasoned issuers") and in initial public offerings of securities ("IPO").


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Categories

Performance

BIVSX - Performance

Return Ranking - Trailing

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.4% -40.8% 10.9% 96.82%
1 Yr N/A -65.3% 48.6% 70.39%
3 Yr N/A* -63.7% 34.4% N/A
5 Yr N/A* -46.1% 28.7% N/A
10 Yr N/A* -13.7% 30.9% N/A

* Annualized

Return Ranking - Calendar

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -58.1% 80.6% N/A
2018 N/A -93.5% 23.6% N/A
2017 N/A -55.3% 69.8% N/A
2016 N/A -56.6% 68.2% N/A
2015 N/A -50.8% 127.1% N/A

Total Return Ranking - Trailing

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.4% -40.8% 10.9% 96.82%
1 Yr N/A -65.3% 48.6% 68.75%
3 Yr N/A* -30.7% 34.4% N/A
5 Yr N/A* -31.8% 28.7% N/A
10 Yr N/A* -13.7% 30.9% N/A

* Annualized

Total Return Ranking - Calendar

Period BIVSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -58.1% 80.6% N/A
2018 N/A -47.9% 23.6% N/A
2017 N/A -55.3% 69.8% N/A
2016 N/A -56.6% 70.7% N/A
2015 N/A -50.8% 127.1% N/A

NAV & Total Return History


Holdings

BIVSX - Holdings

Concentration Analysis

BIVSX Category Low Category High BIVSX % Rank
Net Assets 237 M 440 K 107 B 45.50%
Number of Holdings 288 1 5851 10.79%
Net Assets in Top 10 54.1 M -635 M 29.5 B 48.58%
Weighting of Top 10 22.34% 0.0% 100.0% 78.32%

Top 10 Holdings

  1. JetBlue Airways Corp 2.86%
  2. Bausch Health Companies Inc 2.65%
  3. CVS Health Corp 2.41%
  4. Discovery Inc C 2.22%
  5. Raymond James Financial Inc 2.19%
  6. Plantronics Inc 2.12%
  7. Eastman Chemical Co 2.09%
  8. Microsoft Corp 1.97%
  9. Swedish Match AB ADR 1.93%
  10. Belden Inc 1.89%

Asset Allocation

Weighting Return Low Return High BIVSX % Rank
Cash
71.97% -1.04% 1041.68% 13.94%
Stocks
28.03% -174.78% 100.76% 85.61%
Preferred Stocks
0.00% -0.68% 24.42% 72.56%
Other
0.00% -895.56% 31.15% 70.76%
Convertible Bonds
0.00% -0.02% 17.79% 68.82%
Bonds
0.00% -0.68% 45.27% 77.96%

Stock Sector Breakdown

Weighting Return Low Return High BIVSX % Rank
Technology
22.86% 0.00% 99.85% 19.35%
Industrials
17.27% 0.00% 73.35% 14.24%
Consumer Cyclical
13.79% 0.00% 57.06% 21.83%
Basic Materials
11.72% 0.00% 51.00% 4.18%
Healthcare
8.57% 0.00% 100.00% 70.90%
Communication Services
8.41% 0.00% 99.45% 34.98%
Financial Services
7.51% 0.00% 100.00% 79.26%
Energy
5.09% 0.00% 100.00% 44.43%
Consumer Defense
3.39% 0.00% 69.28% 70.28%
Utilities
0.96% 0.00% 99.02% 54.49%
Real Estate
0.43% 0.00% 97.67% 74.61%

Stock Geographic Breakdown

Weighting Return Low Return High BIVSX % Rank
Non US
14.11% -48.75% 62.12% 27.44%
US
13.92% -173.66% 84.31% 87.71%

Expenses

BIVSX - Expenses

Operational Fees

BIVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.58% 0.04% 13.20% 21.87%
Management Fee 1.74% 0.00% 2.94% 97.75%
12b-1 Fee 0.00% 0.00% 1.00% 12.22%
Administrative Fee N/A 0.01% 1.12% N/A

Sales Fees

BIVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BIVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 81.89%

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.

BIVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 100.00% 0.00% 531.00% 70.46%

Distributions

BIVSX - Distributions

Dividend Yield Analysis

BIVSX Category Low Category High BIVSX % Rank
Dividend Yield 3.60% 0.00% 11.69% 1.20%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BIVSX Category Low Category High BIVSX % Rank
Net Income Ratio -0.30% -8.87% 8.14% 77.83%

Capital Gain Distribution Analysis

BIVSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BIVSX - Fund Manager Analysis

Managers

Ali Motamed


Start Date

Tenure

Tenure Rank

Jun 19, 2017

2.62

2.6%

Ali Motamed is the Managing Partner with Invenomic Capital Management LP. Prior to forming the Invenomic Capital Management, he was a Senior Analyst and a Portfolio Manager with Robeco Investment Management, Inc. (“RIM”), specializing in fundamental research of stocks held in the Boston Partners Long/Short Equity Fund and related strategy. He was awarded Portfolio Manager of the Year in the Alternatives Category by Morningstar in 2014. He joined the RIM in 2003, having previously held positions at Deutsche Bank and BT Wolfensohn, where he was a member of the global mergers and acquisitions teams. Mr. Motamed holds a B.A. degree in economics with a minor in accounting from the University of California, Los Angeles, and an M.B.A. degree from Harvard Business School. He holds the Chartered Financial Analyst designation.

Benjamin Deschaine


Start Date

Tenure

Tenure Rank

Jun 19, 2017

2.62

2.6%

Benjamin R. Deschaine, Senior Research Analyst of BCM and the Adviser, is a co-portfolio manager of the Fund. Prior to 2012, Mr. Deschaine was a Managing Director at Sabretooth Capital Management, LLC, a global multi-strategy hedge fund affiliated with Tiger Management and a Portfolio Manager and Senior Analyst at Federal Street Advisors

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 36.11 8.04 6.34