RLIGX: Rareview Longevity Inc Generation Retl

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RLIGX Rareview Longevity Inc Generation Retl


Profile

RLIGX - Profile

Vitals

  • YTD Return -10.5%
  • 3 Yr Annualized Return -5.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $17.5 M
  • Holdings in Top 10 39.7%

52 WEEK LOW AND HIGH

$9.00
$7.83
$10.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.06%

SALES FEES

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

BROKERAGE FEES

  • Turnover 300.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return -10.5%
  • 3 Yr Annualized Total Return -5.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Rareview Longevity Income Generation Fund
  • Fund Family Name
    Rareview Capital
  • Inception Date
    Nov 01, 2016
  • Shares Outstanding
    506870
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Neil Azous

Fund Description

The fund is a "fund of funds," meaning that it will invest its assets primarily in long positions in a diversified portfolio of unaffiliated closed-end registered investment companies. It will invest in closed-end funds trading at a discount or premium to their underlying asset value and that also produce income through regular payment of dividend distributions. The fund may invest up to 30% of its assets in ETFs that are representative of one of the Advisor's custom asset classes if the ETFs will provide a better investment opportunity or liquidity for the asset class.


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Categories

RLIGX - Mutual Fund Categories


Performance

RLIGX - Performance

Return Ranking - Trailing

Period RLIGX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.5% -28.4% 790.0% 86.94%
1 Yr -10.2% -29.9% 867.4% 91.68%
3 Yr -5.8%* -24.4% 10.3% 87.47%
5 Yr N/A* -16.3% 6.1% N/A
10 Yr N/A* -6.7% 9.7% N/A

* Annualized

Return Ranking - Calendar

Period RLIGX Return Category Return Low Category Return High Rank in Category (%)
2019 7.2% -28.6% 27.8% 82.10%
2018 -11.2% -93.5% 10.9% 48.03%
2017 4.0% -9.1% 19.3% 81.63%
2016 N/A -43.7% 16.1% N/A
2015 N/A -19.4% 6.0% N/A

Total Return Ranking - Trailing

Period RLIGX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.5% -28.4% 790.0% 86.94%
1 Yr -10.2% -29.9% 867.4% 91.68%
3 Yr -5.8%* -16.2% 118.0% 95.59%
5 Yr N/A* -13.6% 59.2% N/A
10 Yr N/A* -6.7% 9.7% N/A

* Annualized

Total Return Ranking - Calendar

Period RLIGX Return Category Return Low Category Return High Rank in Category (%)
2019 7.2% -13.8% 27.8% 82.53%
2018 -11.2% -32.7% 10.9% 73.34%
2017 4.0% -4.4% 22.1% 93.04%
2016 N/A -43.7% 20.7% N/A
2015 N/A -17.2% 8.0% N/A

NAV & Total Return History


Holdings

RLIGX - Holdings

Concentration Analysis

RLIGX Category Low Category High RLIGX % Rank
Net Assets 17.5 M 4.33 M 101 B 94.31%
Number of Holdings 38 4 5122 45.83%
Net Assets in Top 10 7.34 M -720 M 19.5 B 91.45%
Weighting of Top 10 39.68% 5.7% 362.0% 69.19%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High RLIGX % Rank
Bonds
56.21% -285.12% 120.33% 16.67%
Stocks
23.68% -3.01% 79.93% 88.89%
Cash
17.94% -34.53% 329.83% 13.35%
Other
1.57% -10.60% 61.54% 19.12%
Preferred Stocks
0.32% 0.00% 38.02% 30.45%
Convertible Bonds
0.28% 0.00% 65.60% 67.41%

Stock Sector Breakdown

Weighting Return Low Return High RLIGX % Rank
Real Estate
48.16% 0.00% 78.06% 1.40%
Financial Services
10.09% 0.00% 34.30% 88.72%
Technology
7.23% 0.00% 36.56% 92.70%
Industrials
7.00% 0.00% 22.08% 91.08%
Healthcare
6.91% 0.00% 37.58% 91.73%
Consumer Defense
6.00% 0.00% 29.13% 81.10%
Communication Services
4.15% 0.00% 32.35% 90.12%
Consumer Cyclical
3.36% 0.00% 25.82% 95.38%
Energy
3.27% 0.00% 22.69% 57.89%
Utilities
2.05% 0.00% 71.13% 93.34%
Basic Materials
1.78% 0.00% 15.72% 94.52%

Stock Geographic Breakdown

Weighting Return Low Return High RLIGX % Rank
US
18.18% -8.64% 60.77% 83.01%
Non US
5.50% -1.59% 36.59% 95.30%

Bond Sector Breakdown

Weighting Return Low Return High RLIGX % Rank
Municipal
31.37% 0.00% 31.37% 0.21%
Corporate
27.23% 0.00% 98.07% 53.74%
Cash & Equivalents
24.54% -32.60% 100.00% 25.64%
Government
10.56% 0.00% 88.46% 83.01%
Securitized
3.92% 0.00% 66.01% 87.18%
Derivative
2.39% -0.67% 45.00% 30.13%

Bond Geographic Breakdown

Weighting Return Low Return High RLIGX % Rank
US
38.09% -88.69% 91.30% 28.10%
Non US
18.12% -351.11% 63.39% 10.26%

Expenses

RLIGX - Expenses

Operational Fees

RLIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.06% 0.01% 22.24% 3.72%
Management Fee 1.20% 0.00% 1.95% 96.37%
12b-1 Fee 0.25% 0.00% 1.00% 42.51%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

RLIGX 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

RLIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 48.28%

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.

RLIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 300.00% 0.29% 496.00% 97.47%

Distributions

RLIGX - Distributions

Dividend Yield Analysis

RLIGX Category Low Category High RLIGX % Rank
Dividend Yield 0.00% 0.00% 7.11% 75.99%

Dividend Distribution Analysis

RLIGX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

RLIGX Category Low Category High RLIGX % Rank
Net Income Ratio 4.70% -1.82% 6.29% 2.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

RLIGX - Fund Manager Analysis

Managers

Neil Azous


Start Date

Tenure

Tenure Rank

Nov 01, 2016

3.5

3.5%

Neil Azous, Chief Investment Officer and Portfolio Manager, has been the Managing Director and Portfolio Manager of Rareview Capital since 2016, when Mr. Azous founded thecompany. From 2013 to the present day, Neil has worked at Rareview Macro LLC as its Founder and Managing Member. Prior to founding Rareview, Neil was a Managing Director at Navigate Advisors from 2009 to 2013. First at Donaldson Lufkin and Jenrette from 2001 to 2004, and then at UBS Investment Bank from 2004 to 2009, Neil’s responsibilities included trading derivatives, hedging solutions, asset allocation, and fundamental securities analysis. Neil began his career at Goldman Sachs in 1998, working in fixed income. Neil completed graduate level coursework for an MS in Real Estate at New York University and received his BA in Business Administration from the University of Washington, where he is a member of the University of Washington Bothell Board of Advisors and was the recipient of the Bothell Business School 2013 Distinguished Undergraduate Alumnus Award. He is active in various charity and community organizations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 28.35 6.0 0.33