GBLMX: Astor Macro Alternative I

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

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.

GBLMX Astor Macro Alternative I


Profile

GBLMX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $7.58 M
  • Holdings in Top 10 97.6%

52 WEEK LOW AND HIGH

$11.19
$10.32
$12.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.53%

SALES FEES

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

BROKERAGE FEES

  • Turnover 190.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $5,000

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.24%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Astor Macro Alternative Fund
  • Fund Family Name
    Astor
  • Inception Date
    Jun 22, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bryan Novak

Fund Description

The fund utilizes multiple quantitative strategies implemented over a broad variety of asset classes and countries in seeking to achieve its investment objective and generate high risk-adjusted returns (capital appreciation) with lower volatility than the global equity markets. It invests in ETFs that each invest primarily in either equity securities (common and preferred stocks) or fixed-income securities (such as bonds, notes and debentures).


Sign up for Advisor Access

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


Categories

Performance

GBLMX - Performance

Return Ranking - Trailing

Period GBLMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -46.2% 28.9% 3.99%
1 Yr 0.1% -56.3% 41.1% 43.34%
3 Yr 2.8%* -38.8% 14.5% 8.17%
5 Yr 2.3%* -35.4% 9.5% 9.38%
10 Yr N/A* -37.0% 11.1% N/A

* Annualized

Return Ranking - Calendar

Period GBLMX Return Category Return Low Category Return High Rank in Category (%)
2019 8.3% -50.4% 46.8% 76.82%
2018 -5.2% -31.8% 11.7% 10.60%
2017 3.4% -44.7% 46.3% 76.60%
2016 3.6% -29.9% 420.6% 50.76%
2015 N/A -57.4% 14.6% N/A

Total Return Ranking - Trailing

Period GBLMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -46.2% 28.9% 3.99%
1 Yr 0.1% -56.3% 41.1% 43.34%
3 Yr 5.2%* -38.8% 14.5% 8.06%
5 Yr 4.3%* -35.4% 9.5% 11.13%
10 Yr N/A* -37.0% 11.2% N/A

* Annualized

Total Return Ranking - Calendar

Period GBLMX Return Category Return Low Category Return High Rank in Category (%)
2019 8.3% -50.4% 46.8% 76.82%
2018 -1.7% -27.6% 11.7% 5.63%
2017 7.1% -44.7% 46.3% 70.92%
2016 6.3% -29.9% 420.6% 42.64%
2015 N/A -57.4% 14.6% N/A

NAV & Total Return History


Holdings

GBLMX - Holdings

Concentration Analysis

GBLMX Category Low Category High GBLMX % Rank
Net Assets 7.58 M 100 K 153 B 95.82%
Number of Holdings 12 2 13456 88.06%
Net Assets in Top 10 5.96 M -35.2 M 27.1 B 93.15%
Weighting of Top 10 97.61% 5.5% 100.0% 3.27%

Top 10 Holdings

  1. Invesco QQQ Trust 32.01%
  2. iShares 20+ Year Treasury Bond ETF 30.51%
  3. Ama Fund Ltd 14.70%
  4. iShares Edge MSCI Min Vol USA ETF 11.04%
  5. SPDR® Gold Shares 4.24%
  6. iShares Long-Term Corporate Bond ETF 1.34%
  7. iShares Core US Aggregate Bond ETF 1.23%
  8. iShares MSCI Chile Capped ETF 0.89%
  9. iShares MSCI Taiwan Capped ETF 0.82%
  10. iShares MSCI Thailand Capped ETF 0.82%

Asset Allocation

Weighting Return Low Return High GBLMX % Rank
Stocks
45.56% -113.74% 77.36% 50.78%
Bonds
32.88% -7.02% 80.79% 73.00%
Other
18.94% -4.42% 167.50% 6.02%
Cash
2.60% -120.83% 149.68% 67.19%
Convertible Bonds
0.01% -0.67% 52.57% 77.26%
Preferred Stocks
0.00% 0.00% 36.61% 88.37%

Stock Sector Breakdown

Weighting Return Low Return High GBLMX % Rank
Technology
35.70% 0.00% 100.00% 1.87%
Communication Services
16.04% 0.00% 26.69% 1.10%
Consumer Cyclical
12.83% 0.00% 33.58% 10.77%
Healthcare
8.76% 0.00% 54.35% 87.47%
Consumer Defense
7.78% 0.00% 18.41% 46.92%
Financial Services
6.11% 0.00% 62.98% 90.55%
Industrials
4.66% 0.00% 99.44% 91.76%
Utilities
3.57% 0.00% 100.00% 47.69%
Real Estate
2.52% 0.00% 99.96% 71.76%
Basic Materials
1.36% 0.00% 19.70% 81.54%
Energy
0.67% 0.00% 100.00% 90.88%

Stock Geographic Breakdown

Weighting Return Low Return High GBLMX % Rank
US
41.87% -112.30% 75.95% 42.37%
Non US
3.69% -3.33% 33.55% 60.75%

Bond Sector Breakdown

Weighting Return Low Return High GBLMX % Rank
Government
86.53% 0.00% 90.31% 0.62%
Cash & Equivalents
8.10% -3.87% 100.00% 61.37%
Corporate
4.45% 0.00% 100.00% 90.97%
Securitized
0.89% 0.00% 85.82% 71.96%
Municipal
0.03% 0.00% 99.50% 44.96%
Derivative
0.00% 0.00% 69.90% 81.41%

Bond Geographic Breakdown

Weighting Return Low Return High GBLMX % Rank
US
32.52% -8.49% 88.92% 66.15%
Non US
0.36% -14.78% 29.41% 84.53%

Expenses

GBLMX - Expenses

Operational Fees

GBLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.53% 0.01% 7.41% 3.08%
Management Fee 1.45% 0.00% 2.00% 97.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

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

Trading Fees

GBLMX 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.

GBLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 190.00% 0.00% 574.00% 93.49%

Distributions

GBLMX - Distributions

Dividend Yield Analysis

GBLMX Category Low Category High GBLMX % Rank
Dividend Yield 0.00% 0.00% 10.53% 69.06%

Dividend Distribution Analysis

GBLMX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

GBLMX Category Low Category High GBLMX % Rank
Net Income Ratio -0.24% -49.00% 6.65% 96.65%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GBLMX - Fund Manager Analysis

Managers

Bryan Novak


Start Date

Tenure

Tenure Rank

Jun 22, 2015

4.86

4.9%

Bryan Novak, Co-Portfolio Manager. Bryan Novak joined Astor Investment Management in 2002 and currently serves as Senior Managing Director where he oversees the firm’s trading. Mr. Novak has been involved in the research and development of the trading and investment strategies at the firm. He was instrumental in the launch of the firm’s mutual fund family in 2009 and has served as part of the portfolio management team since 2004. Prior to Astor, Mr. Novak was an equity options trader for Second City Trading, LLC at the CBOE in Chicago. He has been quoted by numerous financial media outlets and is a regular panelist at ETF industry events. Mr. Novak earned his Bachelor of Science in Financial Management from the Ohio State University. Mr. Novak is a Level II Candidate for the CAIA exam and has passed Level 1 of the CFA

John Eckstein


Start Date

Tenure

Tenure Rank

Jun 22, 2015

4.86

4.9%

John Eckstein, Co-Portfolio Manager. John Eckstein joined Astor Investment Management in 2011 and serves as Chief Investment Officer. As Vice Chairman of the firm’s Investment Committee, he is responsible for international global macro strategies. In 1995, Mr. Eckstein founded Cornerstone Quantitative Investment Group, a global macro hedge fund with peak assets of $600 million. At Cornerstone, Mr. Eckstein was responsible for all aspects of the firm’s operations including fixed income, currency, commodity and equity portfolios. Prior to Cornerstone, Mr. Eckstein was a researcher for Luck Trading Company, a commodity trading adviser. Mr. Eckstein is a co-author of Commodity Investing (John Wiley & Sons, 2008) and is a frequent speaker at industry events. He holds a Bachelor of Science from Brown University and a Masters in Public Administration (International Economic Policy) from Columbia University.

Robert Stein


Start Date

Tenure

Tenure Rank

Jun 22, 2015

4.86

4.9%

Robert Stein, Co-Portfolio Manager. Rob Stein began his career in 1983 as a project analyst for the Federal Reserve, under the chairmanship of Paul Volcker. From there, he went on to hold senior trading or portfolio management positions with Bank of America New York, Harris Bank and Bank of America Chicago from. Beginning in 1991, Mr. Stein also served as the Managing Director of Proprietary Trading for Barclays Bank PLC New York. Returning to Chicago in 1994, he formed Astor Financial, Inc., an investment and brokerage firm. Later, Mr. Stein formed Astor Asset Management LLC, a registered investment adviser acquired by Knight Capital Group, Inc. in 2010. Astor Asset Management operated as a wholly-owned subsidiary until 2014 when operations continued as Astor Investment Management LLC. Mr. Stein is one of the creators of the Astor Economic Index® (“AEI”), which is used to determine the strength of the economy and identify stages of the business cycle. Mr. Stein has received numerous accolades in his career such as being recognized in 2003 as one of the best unknown managers by BusinessWeek and in 2009 Forbes.com cited Stein’s tactical ETF portfolios as one of the best performers during the financial crisis. Mr. Stein is the author of three books, including Inside Greenspan’s Briefcase (McGraw Hill) and Finding the Bull Inside the Bear: Active Management Strategies for Expansions, Contractions, and Everything in Between (Marketplace, 2013). He is regularly featured in print and broadcast media such as the Wall Street Journal, Business Week, Investor’s Business Daily, ABC, FOX News, Bloomberg and CNBC. Mr. Stein graduated from the University of Michigan with a BA in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.35 6.95 0.33