Westwood Broadmark Tactical Growth Fund
Name
As of 09/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.5%
1 yr return
5.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$201 M
Holdings in Top 10
99.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.43%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 201.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FTGOX - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.80%
- Dividend Yield 1.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWestwood Broadmark Tactical Growth Fund
-
Fund Family NameSalient Fund Complex
-
Inception DateSep 14, 2009
-
Shares Outstanding336529
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Guptill
Fund Description
The Fund’s investment strategy is designed to evaluate the market to determine whether the market as a whole or a particular sector or industry is undervalued or overvalued. Broadmark Asset Management LLC (“Broadmark” or the “Sub-Advisor”) seeks to identify potential long and short investments that it believes offer the greatest risk-adjusted potential for returns. The Fund seeks to gain exposure to equity indices, sectors and industry groups that it believes are more attractive on a relative basis and may take short positions in equity indices, sectors or industry groups that it believes are less attractive on a relative basis. The Sub-Advisor will rely on a variety of factors to reach its determination of the relative value of potential investments, including valuation, monetary conditions, investor sentiment, and momentum factors. The Sub-Advisor uses equity valuation models, such as historical price-earnings ratios, price-sales ratios, 10-year normalized earnings, dividend discount models and other measures to determine equity valuation relative to the economic and business cycles. Similar valuation and relative strength metrics are applied to sectors and industries in order to determine undervaluation and overvaluation relative to historical precedent and within the context of the overall stock market, business, and economic cycles. Additionally, the Sub-Advisor uses a series of momentum models, which are used to determine the overall money flow into and out of an equity security.
Relative to the U.S. equity market, the Fund is designed to outperform during periods of higher volatility or when the U.S. equity market is falling. The Fund may underperform the U.S. equity market in other market environments.
The Fund may employ both leveraged investment techniques as well as short positions which allow the Fund to obtain investment exposure that can range from 120% long to 100% short, as a percentage of the Fund’s net assets at the time of investment. In most market conditions, the Fund maintains investment exposure between 100% long and 100% short, as a percentage of the Fund’s net assets at the time of investment.
The Fund invests in instruments providing exposure to securities market indices, industries or sectors within U.S. and overseas equity markets. These instruments primarily include exchange-traded funds (“ETFs”) and futures on securities indices. The Fund may obtain exposure to equity securities of U.S. and non-U.S. issuers, including issuers in countries considered to be emerging market countries, in all market capitalization ranges,
including small capitalization stocks. Under certain market conditions, the Fund may hold a substantial portion of its assets in cash, cash equivalents, fixed-income securities of U.S. and non-U.S. issuers that are of investment grade quality and of any maturity, exchange-traded notes (“ETNs”), and/or money market or other funds that invest in these instruments.
On occasion, the Fund may write covered put and call options and purchase put and call options on securities, securities indices and shares of ETFs. The Fund may purchase or write options in combination with each other (simultaneously writing call options and purchasing put options) to adjust risk and return of its overall investment positions.
The Fund is generally expected to engage in frequent and active trading of portfolio securities to achieve its investment objective.
FTGOX - Performance
Return Ranking - Trailing
Period | FTGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -10.5% | 29.5% | 80.39% |
1 Yr | 5.0% | -9.3% | 36.6% | 90.85% |
3 Yr | N/A* | -15.3% | 25.8% | 75.90% |
5 Yr | N/A* | -2.7% | 24.7% | 76.35% |
10 Yr | N/A* | -4.0% | 10.0% | 81.54% |
* Annualized
Return Ranking - Calendar
Period | FTGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.0% | -17.3% | 43.8% | 86.93% |
2022 | N/A | -54.0% | 17.4% | 61.08% |
2021 | N/A | -40.0% | 54.1% | 50.31% |
2020 | N/A | -47.6% | 88.4% | 73.68% |
2019 | N/A | -20.3% | 62.6% | 45.58% |
Total Return Ranking - Trailing
Period | FTGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -10.5% | 29.5% | 80.39% |
1 Yr | 5.0% | -9.3% | 36.6% | 90.85% |
3 Yr | N/A* | -15.3% | 25.8% | 75.61% |
5 Yr | N/A* | -2.7% | 24.7% | 80.14% |
10 Yr | N/A* | -4.0% | 10.0% | 76.56% |
* Annualized
Total Return Ranking - Calendar
Period | FTGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -14.5% | 43.8% | 92.81% |
2022 | N/A | -54.0% | 50.3% | 61.08% |
2021 | N/A | -40.0% | 61.6% | 50.31% |
2020 | N/A | -29.9% | 91.0% | 73.68% |
2019 | N/A | -17.9% | 79.4% | 55.78% |
NAV & Total Return History
FTGOX - Holdings
Concentration Analysis
FTGOX | Category Low | Category High | FTGOX % Rank | |
---|---|---|---|---|
Net Assets | 201 M | 1.08 M | 6.67 B | 34.64% |
Number of Holdings | 4 | 2 | 2209 | 92.16% |
Net Assets in Top 10 | 184 M | 625 K | 2.38 B | 23.53% |
Weighting of Top 10 | 99.94% | 2.1% | 101.8% | 9.15% |
Top 10 Holdings
- FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U 52.36%
- Invesco SP 500 Equal Weight ETF 30.28%
- SPDR SP 500 ETF Trust 17.30%
- MORGAN STANLEY COMPANY MARGIN DEPOSIT ACCOUNT 0.00%
Asset Allocation
Weighting | Return Low | Return High | FTGOX % Rank | |
---|---|---|---|---|
Cash | 52.42% | 0.00% | 100.15% | 16.99% |
Stocks | 47.58% | 0.00% | 100.92% | 75.16% |
Preferred Stocks | 0.00% | -1.01% | 7.36% | 32.68% |
Other | 0.00% | -48.19% | 99.33% | 56.21% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 22.07% |
Bonds | 0.00% | 0.00% | 90.68% | 47.06% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FTGOX % Rank | |
---|---|---|---|---|
Technology | 18.37% | 0.00% | 43.24% | 46.77% |
Healthcare | 17.83% | 0.00% | 100.00% | 22.58% |
Financial Services | 17.04% | 0.00% | 83.83% | 41.13% |
Industrials | 10.98% | 0.00% | 31.93% | 45.97% |
Consumer Cyclical | 10.83% | 0.00% | 88.83% | 40.32% |
Consumer Defense | 7.68% | 0.00% | 19.75% | 25.81% |
Communication Services | 6.11% | 0.00% | 32.32% | 63.71% |
Energy | 4.44% | 0.00% | 32.57% | 45.97% |
Utilities | 2.28% | 0.00% | 21.71% | 42.74% |
Real Estate | 2.24% | 0.00% | 10.93% | 35.48% |
Basic Materials | 2.19% | 0.00% | 28.58% | 68.55% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FTGOX % Rank | |
---|---|---|---|---|
US | 47.58% | 0.00% | 100.92% | 69.28% |
Non US | 0.00% | -3.42% | 69.12% | 43.14% |
FTGOX - Expenses
Operational Fees
FTGOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.43% | 0.42% | 8.51% | 33.33% |
Management Fee | 1.10% | 0.00% | 2.50% | 37.25% |
12b-1 Fee | 0.75% | 0.00% | 1.00% | 78.05% |
Administrative Fee | N/A | 0.03% | 1.54% | 48.90% |
Sales Fees
FTGOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 18.75% |
Trading Fees
FTGOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
FTGOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 201.00% | 0.00% | 446.00% | 78.99% |
FTGOX - Distributions
Dividend Yield Analysis
FTGOX | Category Low | Category High | FTGOX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.13% | 0.00% | 27.22% | 23.03% |
Dividend Distribution Analysis
FTGOX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
FTGOX | Category Low | Category High | FTGOX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.80% | -3.33% | 2.16% | 88.08% |
Capital Gain Distribution Analysis
FTGOX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.258 | OrdinaryDividend |
Dec 12, 2023 | $0.473 | CapitalGainShortTerm |
FTGOX - Fund Manager Analysis
Managers
Christopher Guptill
Start Date
Tenure
Tenure Rank
Sep 14, 2009
12.72
12.7%
Mr. Guptill is the Founder and serves as the Co-Chief Executive Officer and Chief Investment Officer at Broadmark Asset Management. Mr. Guptill began his career in 1979 at Paine, Webber, Jackson & Curtis. In 1994 Mr. Guptill joined McKinley Capital Management, as a Senior Portfolio Manager. He later became the firm's Chief Equity Strategist. Additionally, Mr. Guptill developed, launched and co-managed the firm's highly successful alternative investment portfolios. Mr. Guptill is a graduate of California State University, Chico with a B.A. in Economics.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 6.04 | 7.93 |