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Trending ETFs

Name

As of 04/19/2024

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

$8.76

$38.1 M

0.00%

1.22%

Vitals

YTD Return

0.7%

1 yr return

9.1%

3 Yr Avg Return

0.8%

5 Yr Avg Return

1.4%

Net Assets

$38.1 M

Holdings in Top 10

19.6%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/19/2024

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

$8.76

$38.1 M

0.00%

1.22%

OHSHX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.72%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Oakhurst Short Duration High Yield Credit Fund
  • Fund Family Name
    Oakhurst
  • Inception Date
    Oct 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Barry Julien

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets plus any borrowings for investment purposes in a diversified portfolio of non-investment grade debt securities (commonly known as “junk bonds”) and floating rate senior secured loans issued by corporations, partnerships, and other business entities (“High Yield Securities”). For the purposes of this Fund, High Yield Securities include, but are not limited to, traditional corporate bonds, senior loans (including “covenant-lite loans”) and participation interests, floating rate and non-income producing securities, such as zero coupon bonds which pay interest only at maturity, and payment in-kind bonds which pay interest in the form of additional securities. High Yield Securities are rated below the lowest investment grade category (BBB- by S&P Global Ratings (“S&P”); Baa3 by Moody’s Investors Services, Inc. (“Moody’s”), or comparably rated by at least one independent credit rating agency) or if unrated, are determined by the Oakhurst Capital Advisors, LLC (the “Sub-Adviser”) to be of comparable quality, at the time of purchase. The Fund may invest in 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 of the Securities Act of 1933.

The Fund seeks to maintain an average duration of 3.5 years or less and there is no maximum duration on individual securities held by the Fund. The Fund will calculate its effective duration by using the nearest call date or maturity of its securities, whichever comes first. Duration is a measure of the Fund’s sensitivity to changes in interest rates. For example, if interest rates move up one percentage point (1%) while the Fund’s duration is 4-years, the Fund’s share price would be expected to decline by 4%.

The Fund may also invest in participation interests in loans that are generally deemed High Yield Securities. In addition, the Fund may invest in illiquid or thinly traded securities, but will limit its investments that are deemed illiquid no more than 15% of the value of its net assets. The Fund may also invest in preferred stocks and convertible securities. From time to time the Fund may emphasize investment in one or more particular sectors of the fixed income market. 

The Sub-Adviser utilizes a bottom-up security selection process, with an emphasis on a company’s industry position, management quality, cash flow characteristics, asset protection and quality, liquidity and covenants. The Sub-Adviser combines security and credit research in the selection process based upon its view of the business cycles, interest rate trends, yield curve analysis and sector analysis. The Sub-Adviser attempts to manage volatility and principal risk through issue, industry and quality diversification and selection of issues that are higher in the capital structure. A security will be sold when an issuer no longer meets the Sub-Adviser’s criteria for investment or when a more attractive investment is available. The Sub-Adviser attempts to mitigate interest rate risk by investing in certain High Yield Securities, such as floating rate securities (including loans) and short maturity bonds, which may be less sensitive to interest rate changes.

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OHSHX - Performance

Return Ranking - Trailing

Period OHSHX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -7.2% 5.7% 28.53%
1 Yr 9.1% -8.9% 16.0% 23.58%
3 Yr 0.8%* -16.5% 19.9% 56.07%
5 Yr 1.4%* -11.8% 36.4% 91.32%
10 Yr N/A* -4.8% 19.3% N/A

* Annualized

Return Ranking - Calendar

Period OHSHX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -4.7% 14.3% 81.12%
2022 -14.8% -33.4% 3.6% 36.38%
2021 0.4% -8.4% 14.9% 36.23%
2020 N/A -13.9% 302.7% 88.29%
2019 N/A -4.4% 13.3% 71.75%

Total Return Ranking - Trailing

Period OHSHX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -7.2% 5.7% 28.53%
1 Yr 9.1% -8.9% 16.0% 23.58%
3 Yr 0.8%* -16.5% 19.9% 56.07%
5 Yr 1.4%* -11.8% 36.4% 91.32%
10 Yr N/A* -4.8% 19.3% N/A

* Annualized

Total Return Ranking - Calendar

Period OHSHX Return Category Return Low Category Return High Rank in Category (%)
2023 10.7% -4.7% 18.2% 77.85%
2022 -10.0% -33.4% 47.8% 37.64%
2021 4.5% -8.4% 24.8% 61.80%
2020 N/A -9.6% 325.6% 47.15%
2019 N/A 0.9% 21.5% 70.89%

NAV & Total Return History


OHSHX - Holdings

Concentration Analysis

OHSHX Category Low Category High OHSHX % Rank
Net Assets 38.1 M 1.45 M 23.6 B 92.76%
Number of Holdings 66 2 2736 96.28%
Net Assets in Top 10 7.5 M -492 M 4.45 B 90.56%
Weighting of Top 10 19.57% 4.2% 146.9% 24.61%

Top 10 Holdings

  1. NSG Holdings LLC / NSG Holdings Inc 2.61%
  2. Rakuten Group Inc 2.00%
  3. Heartland Dental LLC / Heartland Dental Finance Corp 1.98%
  4. White Cap Parent LLC 1.92%
  5. Elwood Energy LLC 1.88%
  6. Burford Capital Global Finance LLC 1.86%
  7. StoneX Group Inc 1.84%
  8. Howard Midstream Energy Partners LLC 1.84%
  9. Carnival Corp 1.83%
  10. Fly Leasing Ltd 1.82%

Asset Allocation

Weighting Return Low Return High OHSHX % Rank
Bonds
97.65% -3.13% 154.38% 13.56%
Convertible Bonds
8.20% 0.00% 17.89% 1.24%
Cash
2.35% -52.00% 48.07% 68.73%
Stocks
0.00% 0.00% 99.54% 93.68%
Preferred Stocks
0.00% 0.00% 7.88% 84.52%
Other
0.00% -63.70% 102.57% 73.99%

Bond Sector Breakdown

Weighting Return Low Return High OHSHX % Rank
Corporate
89.22% 0.00% 129.69% 82.17%
Securitized
8.85% 0.00% 97.24% 4.81%
Cash & Equivalents
1.06% 0.00% 48.07% 73.07%
Derivative
0.00% -15.04% 42.26% 72.29%
Municipal
0.00% 0.00% 4.66% 77.21%
Government
0.00% 0.00% 99.07% 84.81%

Bond Geographic Breakdown

Weighting Return Low Return High OHSHX % Rank
US
97.65% -3.13% 129.21% 8.98%
Non US
0.00% 0.00% 98.19% 85.60%

OHSHX - Expenses

Operational Fees

OHSHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.04% 31.61% 34.37%
Management Fee 0.75% 0.00% 1.84% 90.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

OHSHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OHSHX 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.

OHSHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 1.00% 255.00% 42.44%

OHSHX - Distributions

Dividend Yield Analysis

OHSHX Category Low Category High OHSHX % Rank
Dividend Yield 0.00% 0.00% 11.76% 41.23%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

OHSHX Category Low Category High OHSHX % Rank
Net Income Ratio 4.72% -2.39% 14.30% 32.91%

Capital Gain Distribution Analysis

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

Distributions History

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OHSHX - Fund Manager Analysis

Managers

Barry Julien


Start Date

Tenure

Tenure Rank

Oct 01, 2015

6.67

6.7%

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

Oct 01, 2015

6.67

6.7%

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
0.13 37.79 7.12 8.17