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Trending ETFs

Name

As of 06/14/2024

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

$33.07

$262 M

0.48%

$0.16

0.82%

Vitals

YTD Return

15.3%

1 yr return

27.3%

3 Yr Avg Return

11.4%

5 Yr Avg Return

17.0%

Net Assets

$262 M

Holdings in Top 10

45.1%

52 WEEK LOW AND HIGH

$32.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 87.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$33.07

$262 M

0.48%

$0.16

0.82%

PBFDX - Profile

Distributions

  • YTD Total Return 15.3%
  • 3 Yr Annualized Total Return 11.4%
  • 5 Yr Annualized Total Return 17.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.50%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Payson Total Return Fund
  • Fund Family Name
    Forum Family
  • Inception Date
    Nov 25, 1991
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Robbins

Fund Description

Under normal circumstances, the Fund invests primarily in common stock and convertible securities of large and mid capitalization domestic companies. The Fund’s investment adviser, H.M. Payson & Co. (the “Adviser”), defines large capitalization domestic companies as those companies with market capitalizations in excess of $12 billion and mid capitalization domestic companies as those companies with market capitalizations in the range of $2 billion to $12 billion. The Fund may invest in debt securities, which are primarily investment grade, that include U.S. Government securities, including U.S. Treasury bills, Treasury Inflation-Protected Securities, notes and bonds, as well as corporate bonds and notes issued by large and mid capitalization domestic companies, and asset-backed and mortgage-backed securities. If an investment grade security held by the Fund is downgraded to non-investment grade, the Fund may hold the security if the Adviser believes the issuer will continue to pay its debt or the current market price does not properly reflect what the Adviser believes to be the intrinsic value of the security. The Fund may write covered call options on equity securities held in the Fund’s portfolio to generate premiums in an effort to provide downside protection in declining markets. The Fund may also make strategic investments in exchange -traded funds (“ETFs”) and foreign securities, and may invest a significant portion of the Fund’s total assets in cash or cash equivalents if the Adviser does not identify investments selling at discounts to what the Adviser believes are their intrinsic value.

The Adviser maintains a long-term, equity-oriented perspective, being much less concerned with investment performance on a quarterly or shorter basis than with real, long-term increase in value or growth of income by issuers and the Fund. The Adviser uses both a quantitative and a fundamental approach to identify stocks that are undervalued compared to a company’s financial condition. With respect to the Fund’s investment in debt securities, the Adviser monitors interest rate outlooks, the shape of the yield curve and other economic factors to determine an appropriate maturity profile for the Fund’s investment portfolio consistent with the Fund’s objective. Then, the Adviser monitors the investments in the Fund’s portfolio to determine if there have been any fundamental changes in the companies or issuers, and may sell a security when its investment profile changes, including relative to other potential investments.

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PBFDX - Performance

Return Ranking - Trailing

Period PBFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -1.9% 25.1% 19.12%
1 Yr 27.3% -2.3% 42.7% 13.29%
3 Yr 11.4%* -12.4% 15.9% 6.95%
5 Yr 17.0%* -8.7% 109.8% 3.63%
10 Yr 12.5%* -0.1% 20.7% 16.13%

* Annualized

Return Ranking - Calendar

Period PBFDX Return Category Return Low Category Return High Rank in Category (%)
2023 19.7% -42.6% 47.4% 45.65%
2022 -16.5% -56.3% -4.2% 13.78%
2021 15.3% -27.2% 537.8% 59.64%
2020 11.7% -22.5% 2181.7% 47.17%
2019 30.8% -13.5% 40.4% 6.10%

Total Return Ranking - Trailing

Period PBFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -1.9% 25.1% 19.12%
1 Yr 27.3% -2.3% 42.7% 13.29%
3 Yr 11.4%* -12.4% 15.9% 6.95%
5 Yr 17.0%* -8.7% 109.8% 3.63%
10 Yr 12.5%* -0.1% 20.7% 16.13%

* Annualized

Total Return Ranking - Calendar

Period PBFDX Return Category Return Low Category Return High Rank in Category (%)
2023 23.5% -5.0% 47.4% 53.62%
2022 -14.6% -36.8% -2.2% 23.50%
2021 31.2% 3.0% 537.8% 7.00%
2020 20.7% -15.8% 2266.0% 20.55%
2019 31.9% -0.4% 241.3% 17.68%

NAV & Total Return History


PBFDX - Holdings

Concentration Analysis

PBFDX Category Low Category High PBFDX % Rank
Net Assets 262 M 2.34 M 1.55 T 76.65%
Number of Holdings 35 2 4048 91.65%
Net Assets in Top 10 124 M 848 K 446 B 74.08%
Weighting of Top 10 45.13% 0.3% 111.9% 14.59%

Top 10 Holdings

  1. Alphabet, Inc. 6.76%
  2. Broadcom, Inc. 5.87%
  3. NVIDIA Corp. 5.56%
  4. Apple, Inc. 4.93%
  5. Meta Platforms, Inc. 4.42%
  6. Microsoft Corp. 3.81%
  7. CDW Corp. 3.58%
  8. Visa, Inc. 3.43%
  9. Lam Research Corp. 3.42%
  10. WEX, Inc. 3.36%

Asset Allocation

Weighting Return Low Return High PBFDX % Rank
Stocks
99.28% 0.00% 120.26% 36.84%
Cash
0.72% 0.00% 99.06% 61.08%
Preferred Stocks
0.00% 0.00% 2.52% 61.96%
Other
0.00% -13.91% 100.00% 75.12%
Convertible Bonds
0.00% 0.00% 5.54% 59.58%
Bonds
0.00% -0.37% 92.99% 62.28%

Stock Sector Breakdown

Weighting Return Low Return High PBFDX % Rank
Healthcare
27.76% 0.00% 60.70% 0.57%
Technology
27.26% 0.00% 48.94% 13.07%
Financial Services
22.12% 0.00% 55.59% 6.29%
Communication Services
9.92% 0.00% 27.94% 19.28%
Energy
6.19% 0.00% 41.64% 13.64%
Industrials
4.90% 0.00% 29.90% 97.39%
Consumer Cyclical
1.85% 0.00% 30.33% 98.69%
Utilities
0.00% 0.00% 20.91% 94.12%
Real Estate
0.00% 0.00% 31.91% 94.93%
Consumer Defense
0.00% 0.00% 47.71% 99.43%
Basic Materials
0.00% 0.00% 25.70% 98.37%

Stock Geographic Breakdown

Weighting Return Low Return High PBFDX % Rank
US
99.28% 0.00% 120.26% 30.82%
Non US
0.00% 0.00% 63.90% 66.53%

PBFDX - Expenses

Operational Fees

PBFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 19.75% 48.63%
Management Fee 0.60% 0.00% 1.90% 64.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

PBFDX 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% 5.00% N/A

Trading Fees

PBFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

PBFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.00% 0.00% 268.00% 89.76%

PBFDX - Distributions

Dividend Yield Analysis

PBFDX Category Low Category High PBFDX % Rank
Dividend Yield 0.48% 0.00% 25.47% 75.30%

Dividend Distribution Analysis

PBFDX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Quarterly

Net Income Ratio Analysis

PBFDX Category Low Category High PBFDX % Rank
Net Income Ratio 0.50% -54.00% 2.44% 61.89%

Capital Gain Distribution Analysis

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

Distributions History

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PBFDX - Fund Manager Analysis

Managers

Peter Robbins


Start Date

Tenure

Tenure Rank

Nov 25, 2008

13.52

13.5%

Peter E. Robbins has been a Managing Director, Director of Research, Chief Investment Officer, and Chief Executive Officer of H.M. Payson & Co. during the past nine years. He has been a portfolio manager and/or analyst at H.M. Payson & Co. since 1990, has 27 years of investment management experience. He also manages separate investment advisory accounts for institutions, retirement plans, individuals, and trusts. Robbins holds the Chartered Financial Analyst designation.

William Weickert


Start Date

Tenure

Tenure Rank

Nov 25, 2008

13.52

13.5%

William N. Weickert, Managing Director, Director of Portfolio Management, and Secretary of H.M. Payson & Co.. William N. Weickert has been co-portfolio manager of the Fund since 2008. Weickert is a Managing Director of the Adviser and has been the Adviser’s Director of Research since 2007. Prior to that, He was a Senior Research Analyst of the Adviser for more than 5 years. He has been a portfolio manager and/or analyst at the Adviser since 1989, has 26 years of investment management experience. He also manages separate investment advisory accounts for institutions, retirement plans, individuals, and trusts. Weickert holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.26 2.42