Continue to site >
Trending ETFs

Name

As of 04/18/2024

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

$11.73

$45.4 M

0.00%

2.42%

Vitals

YTD Return

6.7%

1 yr return

-1.0%

3 Yr Avg Return

6.2%

5 Yr Avg Return

6.3%

Net Assets

$45.4 M

Holdings in Top 10

91.4%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/18/2024

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

$11.73

$45.4 M

0.00%

2.42%

EQCHX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.45%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AXS Chesapeake Strategy Fund
  • Fund Family Name
    Equinox
  • Inception Date
    Sep 10, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    R Parker

Fund Description

The Fund pursues its investment objective by making a combination of investments (i) directly in an actively managed fixed-income portfolio (typically U.S. Treasuries and other short-term U.S. government obligations) comprised of cash, cash equivalents, securities issued by the U.S. government with one year or less term to maturity and money market funds (the “Fixed Income Portfolio”) and (ii) directly or indirectly in a diversified portfolio of futures contracts and futures-related instruments such as forwards and swaps in broadly diversified global (i.e., U.S. and non-U.S., including

emerging markets) markets across a wide range of asset classes, including equities, fixed income, currencies and commodities, utilizing a portfolio of futures, forwards, options, spot contracts and swaps (the “Futures Portfolio”). The Fund either invests directly in those instruments, or indirectly by investing via a swap or via its wholly-owned subsidiary organized in the Cayman Islands (the “Subsidiary”) which may then invest in such assets directly or indirectly.

Chesapeake Capital Corporation (“Chesapeake” or the “Sub-Advisor”) manages the Futures Portfolio and the Subsidiary’s Futures Portfolio by applying the Chesapeake Program. The Chesapeake Program is a long-term trend following (a strategy that generally seeks to identify the general direction of one or more global market segments (either up or down) using indicators such as current market prices and moving average prices, and buy or sell investments based on the assessment of these trade signals as determined before a trade is made) program that utilizes trading systems across a broadly diversified set of markets with a systematic trading (a trading strategy that employs computer-driven, mathematical models to identify when to buy or sell an instrument according to rules determined before a trade is made, generally with little or no human intervention once a mathematical formula has been entered) approach, focusing on capital preservation while attempting to provide positive annual returns. Chesapeake analyzes markets, including price movement, market volatility, open interest (the total number of contracts long or short in a delivery month or market that has been entered into and not yet liquidated by an offsetting transaction or fulfilled by delivery), and volume, as a means of predicting market opportunity and discovering any repeating patterns in past historical prices. The scope of markets that may be accessed includes stock indices, single stock futures, interest rates, currencies, and commodities. The Chesapeake Program may also invest directly in long and short positions of U.S. and non-U.S. equity securities as part of its broader trend following program. The direct investments in equity securities will typically not exceed 30% of the Fund’s total assets.

The Fund may make some or all of its investments in the Futures Portfolio through the Subsidiary. Applicable federal tax requirements generally limit the degree to which the Fund may invest in the Subsidiary to an amount not exceeding 25% of its total assets at each quarter end of the Fund’s fiscal year. Generally, the Subsidiary will primarily invest directly or indirectly in commodity futures, but it may also invest in swaps, financial futures, foreign exchange currency forwards, U.S. government securities, money market funds, and/or other investments intended to serve as margin or collateral for the Subsidiary’s derivative positions. Through investing in the Subsidiary, the Fund will, among other things, be able to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies. To the extent they are applicable to the investment activities of the Subsidiary, the Subsidiary will be subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the Fund. Unlike the Fund, the Subsidiary may invest without limitation in commodity-linked derivative instruments (including commodity futures), however, the Subsidiary will comply with the same asset coverage requirements imposed by the Investment Company Act of 1940, as amended (the “1940 Act”) with respect to its investments in commodity-linked derivatives (including commodity futures) that are applicable to the Fund’s transactions in derivatives. Unlike the Fund, the Subsidiary will not seek to qualify as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.

The Fund’s returns will be derived principally from changes in the value of securities and derivatives of securities held in the Fund’s portfolio (including its investment in the Subsidiary), and the Fund’s assets will consist principally of securities. The Sub-Advisor may engage in frequent buying and selling of portfolio holdings to achieve the Fund’s investment objective.

Read More

EQCHX - Performance

Return Ranking - Trailing

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -7.4% 14.6% 1.06%
1 Yr -1.0% -16.1% 36.5% 2.15%
3 Yr 6.2%* -7.9% 13.3% 62.92%
5 Yr 6.3%* -5.3% 10.0% 31.33%
10 Yr 5.5%* -2.4% 4.3% N/A

* Annualized

Return Ranking - Calendar

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
2023 -9.7% -16.4% 12.9% 8.60%
2022 18.3% -9.3% 17.5% 85.87%
2021 -7.0% -25.8% 2.2% 83.72%
2020 7.0% -5.1% 21.0% 10.53%
2019 -6.2% -20.3% 4.6% 59.15%

Total Return Ranking - Trailing

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -7.4% 14.6% 1.06%
1 Yr -1.0% -20.3% 36.5% 2.15%
3 Yr 6.2%* -9.0% 11.1% 59.55%
5 Yr 6.3%* -5.7% 8.7% 27.71%
10 Yr 5.5%* -2.4% 4.3% N/A

* Annualized

Total Return Ranking - Calendar

Period EQCHX Return Category Return Low Category Return High Rank in Category (%)
2023 -8.1% -16.4% 12.9% 8.60%
2022 20.1% -9.3% 17.5% 85.87%
2021 12.2% -20.3% 2.5% 88.37%
2020 7.0% -5.1% 21.0% 10.53%
2019 -2.5% -20.3% 6.7% 64.79%

NAV & Total Return History


EQCHX - Holdings

Concentration Analysis

EQCHX Category Low Category High EQCHX % Rank
Net Assets 45.4 M 2.12 M 1.74 B 80.85%
Number of Holdings 77 3 876 72.34%
Net Assets in Top 10 41.5 M -100 M 2.04 B 69.15%
Weighting of Top 10 91.37% 20.3% 94.0% 1.85%

Top 10 Holdings

  1. UMB IB MONEY MARKET II / 62.70%
  2. UMB MONEY MARKET FIDUCIARY / 25.24%
  3. JAPANESE YEN / 0.98%
  4. UMB MONEY MARKET FIDUCIARY / 0.80%
  5. EURO CURRENCY / 0.59%
  6. E-MINI DOW MAR 24 / 0.30%
  7. NASDAQ 100 E-MINI MARCH 2024 / 0.27%
  8. EURO - BTP FUTURE MAR 24 / 0.19%
  9. SGX IRON ORE 62% JAN 24 / 0.17%
  10. SP 500 EMINI FUT MAR 2024 / 0.13%

Asset Allocation

Weighting Return Low Return High EQCHX % Rank
Cash
102.71% -687.11% 117.03% 14.89%
Stocks
0.00% -1.78% 72.26% 61.70%
Preferred Stocks
0.00% 0.00% 0.13% 42.55%
Convertible Bonds
0.00% 0.00% 2.27% 52.13%
Bonds
0.00% -50.36% 717.59% 76.60%
Other
-2.29% 0.00% 58.63% 80.85%

EQCHX - Expenses

Operational Fees

EQCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.42% 0.75% 12.88% 43.01%
Management Fee 1.45% 0.65% 2.99% 71.28%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.09% 0.45% N/A

Sales Fees

EQCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

EQCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 198.00% 52.86%

EQCHX - Distributions

Dividend Yield Analysis

EQCHX Category Low Category High EQCHX % Rank
Dividend Yield 0.00% 0.00% 0.00% 37.23%

Dividend Distribution Analysis

EQCHX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

EQCHX Category Low Category High EQCHX % Rank
Net Income Ratio -1.45% -3.14% 1.55% 27.96%

Capital Gain Distribution Analysis

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

Distributions History

View More +

EQCHX - Fund Manager Analysis

Managers

R Parker


Start Date

Tenure

Tenure Rank

Jul 26, 2017

4.85

4.9%

R. Jerry Parker, Jr. is the Chairman of the Board of Directors and the Chief Executive Officer of Chesapeake and Chesapeake Holding Company. Mr. Parker has overseen Chesapeake’s operations and has been heavily involved in its research efforts since Chesapeake's inception in February 1988. Mr. Parker has been registered as an Associated Person and listed as a Principal of Chesapeake since June 1988 and registered as a Swap Associated Person since November 2014. Mr. Parker commenced his trading career in November 1983 as a member of the Richard Dennis “Turtle” trading program. Prior to starting Chesapeake, Mr. Parker, a CPA, was employed in the public accounting field. Mr. Parker received a Bachelor of Science degree in Commerce, with an emphasis in Accounting, from the University of Virginia in January 1980.

Michael Ivie


Start Date

Tenure

Tenure Rank

Jul 26, 2017

4.85

4.9%

Michael L. Ivie is the Director of Research of Chesapeake and assists Mr. Parker with portfolio management activities. Mr. Ivie joined Chesapeake in June 1991. Mr. Ivie has been registered as an Associated Person of Chesapeake since May 21, 1999 and listed as a principal of Chesapeake since May 12, 2008. Mr. Ivie received a Bachelor of Science degree in Mathematics from Louisiana State University in 1989.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 14.09 5.41 5.06