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Trending ETFs

Name

As of 04/12/2024

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

$9.29

$19.6 M

0.00%

1.03%

Vitals

YTD Return

0.5%

1 yr return

4.6%

3 Yr Avg Return

0.4%

5 Yr Avg Return

1.0%

Net Assets

$19.6 M

Holdings in Top 10

24.0%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 102.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/12/2024

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

$9.29

$19.6 M

0.00%

1.03%

OHSDX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Oakhurst Short Duration Bond Fund
  • Fund Family Name
    Oakhurst
  • Inception Date
    Apr 26, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Barry Julien

Fund Description

The Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of short duration fixed-income securities. The Fund may invest in various types of fixed-income securities, including, but not limited to, those issued by the U.S. Government and its agencies, corporate bonds, convertible securities, bank obligations, money market securities, mortgage-backed and other asset-backed securities and collateralized mortgage obligations. Mortgage-backed securities include securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, as well as by non-governmental issuers such as commercial banks, savings and loan institutions, mortgage bankers, other private issuers, and private mortgage insurance companies. Collateralized mortgage obligations are debt obligations that pool together mortgages and separate them into short-, medium-, and long-term positions (“tranches”). Tranches pay different rates of interest depending on their maturity and anticipated cash flow.

Normally, the Fund will invest at least 80% of its net assets plus any borrowings for investment purposes in investment grade bonds. Investment grade bonds are rated in the four highest credit categories (AAA, AA, A, BBB, or an equivalent rating) by at least one nationally recognized rating agency or unrated securities that the Oakhurst Capital Advisors, LLC (the “Sub-Adviser”) considers to be of comparable quality. In addition, up to 20% of the Fund’s net assets may be invested in non-investment grade bonds (hereafter referred to as “junk bonds” or “high yield securities”).

The Fund has adopted an investment policy to concentrate its investments in agency and non-agency mortgage-backed securities. This means the Fund will invest at least 25% of its total assets in agency and non-agency mortgage-backed securities. From time to time the Fund may emphasize investment in other particular sectors of the fixed-income market. The Fund may also invest in thinly traded securities that are privately placed but eligible for purchase and sale by certain qualified institutional buyers (such as the Fund) under Rule 144A or other exemptions under the Securities Act of 1933. To the extent consistent with its investment policies, the Fund may invest up to 15% of the value of its net assets in securities or other investments that are deemed illiquid.

The Sub-Adviser attempts to achieve the Fund’s investment objective by actively managing the Fund’s sector and industry weightings, and specific security holdings. The Sub-Adviser also actively manages the Fund’s average duration, which is a measure of the sensitivity of the price of a fixed-income investment to a change in interest rates. For example, if interest rates move up 1 percentage point (1%) while the Fund’s duration is 4 years, the Fund’s share price would be expected to decline by 4%. The larger the duration number, the greater an investment’s sensitivity to changes in interest rates. In constructing the portfolio, the Sub-Adviser applies a disciplined maturity adjustment strategy that attempts to identify long-term interest rate trend patterns. If the Sub-Adviser perceives that a change in interest rates represents a long-term interest rate trend rather than a short-term swing, the Sub-Adviser will adjust the Fund’s average duration. The Fund’s average duration will depend on the Sub-Adviser’s assessment of both the relative yields available on securities with differing maturities and future changes in interest rates. While the Fund may invest in securities with varying maturities, the Fund’s average duration will typically range from 90 days up to 3 years. The Fund will calculate its effective duration by using the nearest call date or maturity of its securities, whichever comes first. The Fund’s average duration will be actively monitored and adjusted based on the Sub-Adviser’s view of interest rate trends. The Sub-Adviser may sell a security based upon its assessment of interest rate trends or when more attractive opportunities become available.

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OHSDX - Performance

Return Ranking - Trailing

Period OHSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -4.0% 11.2% 42.93%
1 Yr 4.6% -3.5% 24.6% 23.23%
3 Yr 0.4%* -6.6% 4.0% 39.29%
5 Yr 1.0%* -4.2% 4.4% 73.56%
10 Yr 1.5%* -19.2% 169.6% 41.67%

* Annualized

Return Ranking - Calendar

Period OHSDX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -5.4% 7.6% 43.45%
2022 -7.7% -17.7% -2.6% 65.56%
2021 -1.4% -4.0% 4.4% 32.70%
2020 N/A -8.3% 7.6% 94.61%
2019 N/A -2.3% 9.3% 80.04%

Total Return Ranking - Trailing

Period OHSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -4.0% 11.2% 42.93%
1 Yr 4.6% -3.5% 24.6% 23.23%
3 Yr 0.4%* -6.6% 4.0% 39.29%
5 Yr 1.0%* -4.2% 4.4% 73.56%
10 Yr 1.5%* -19.2% 169.6% 41.67%

* Annualized

Total Return Ranking - Calendar

Period OHSDX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -1.1% 15.2% 28.00%
2022 -5.2% -17.3% -1.3% 57.22%
2021 0.5% -2.7% 7.7% 31.55%
2020 N/A -4.4% 14.5% 19.65%
2019 N/A 0.6% 12.6% 71.98%

NAV & Total Return History


OHSDX - Holdings

Concentration Analysis

OHSDX Category Low Category High OHSDX % Rank
Net Assets 19.6 M 14.5 K 57.3 B 95.68%
Number of Holdings 111 2 9251 83.63%
Net Assets in Top 10 6.09 M 1.16 M 6.6 B 96.94%
Weighting of Top 10 23.96% 1.8% 108.7% 53.96%

Top 10 Holdings

  1. United States Treasury Bill 3.90%
  2. United States Treasury Bill 3.87%
  3. United States Treasury Note/Bond 2.91%
  4. Sequoia Mortgage Trust 2019-5 2.26%
  5. United Airlines 2020-1 Class B Pass Through Trust 1.93%
  6. Provident Funding Mortgage Trust 2019-1 1.90%
  7. Structured Asset Mortgage Investments II Trust 2004-AR3 1.90%
  8. MRFC Mortgage Pass-Through Trust Series 1999-TBC2 1.80%
  9. JP Morgan Mortgage Trust 2018-1 1.74%
  10. TFCF America Inc 1.74%

Asset Allocation

Weighting Return Low Return High OHSDX % Rank
Bonds
96.58% 0.00% 130.68% 22.84%
Other
3.06% -0.97% 72.36% 58.99%
Convertible Bonds
1.02% 0.00% 27.71% 84.50%
Cash
0.36% -20.59% 62.18% 85.79%
Stocks
0.00% 0.00% 103.64% 68.53%
Preferred Stocks
0.00% 0.00% 22.27% 63.49%

Bond Sector Breakdown

Weighting Return Low Return High OHSDX % Rank
Securitized
51.76% 0.00% 97.27% 8.47%
Corporate
37.37% 0.00% 100.00% 54.41%
Government
6.36% 0.00% 73.63% 75.50%
Cash & Equivalents
0.12% 0.00% 62.18% 78.24%
Derivative
0.00% -0.55% 28.01% 69.78%
Municipal
0.00% 0.00% 17.46% 79.82%

Bond Geographic Breakdown

Weighting Return Low Return High OHSDX % Rank
US
96.58% 0.00% 130.68% 21.22%
Non US
0.00% 0.00% 83.16% 67.09%

OHSDX - Expenses

Operational Fees

OHSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.01% 3.24% 23.96%
Management Fee 0.35% 0.00% 1.19% 58.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

OHSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

OHSDX 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.

OHSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 2.00% 500.00% 65.43%

OHSDX - Distributions

Dividend Yield Analysis

OHSDX Category Low Category High OHSDX % Rank
Dividend Yield 0.00% 0.00% 10.67% 37.05%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

OHSDX Category Low Category High OHSDX % Rank
Net Income Ratio 1.51% -1.27% 4.98% 30.15%

Capital Gain Distribution Analysis

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

Distributions History

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OHSDX - Fund Manager Analysis

Managers

Barry Julien


Start Date

Tenure

Tenure Rank

Apr 26, 2013

9.1

9.1%

Barry P. Julien, CFA, Chief Investment Officer & Portfolio Manager – As part of Lido’s Fixed Income Initiative, Mr. Julien serves as lead Portfolio Manager for Lido Advisors, LLC’s (“Lido”) fixed income strategies. With over 30 years of experience, Mr. Julien leads Lido’s Fixed Income Team and works with institutional and high net worth clients to determine appropriate investment objectives and risk tolerance. Mr. Julien is also Chief Investment Officer of Oakhurst Capital Management, LLC (“OCM”), a joint venture between Lido and F/m Acceleration, LLC (“F/m”), where he leads both firm’s fixed income strategies through separately managed accounts, mutual funds, and other pooled investment vehicles, pursuant to primary advisory and sub-advisory relationships. He joined Lido Advisors in December 2020 when his prior firm, First Western Capital Management, was acquired. Mr. Julien served as President and Chief Investment Officer of First Western Capital Management. Previously, Mr. Julien was President and Chief Investment Officer at McKee Investment Management, and subsequently a Principal at Stonebridge Capital Management where he managed the company’s fixed income portfolio.

Ashish Shah


Start Date

Tenure

Tenure Rank

Dec 01, 2015

6.5

6.5%

Ashish Shah, Portfolio Manager & Senior Credit Analyst – Mr. Shah is Portfolio Manager on Lido’s Fixed Income Initiative’s high yield and short duration investment grade strategies. He joined Lido’s Fixed Income Team in November 2020 when his prior firm, First Western Capital Management, was acquired. F/m has a sub-advisory relationship with Lido.] Through his tenure he has researched and invested in several industries including telecommunications, technology, media, homebuilding, and services. Previously, Mr. Shah was a Research and Strategic Planning Consultant at Sun Microsystems and a Product Manager for Escalate, an enterprise software company. Prior to that, he was at JP Morgan in the Equity Research Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.13 2.41