USA Mutuals All Seasons Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.1%
1 yr return
8.2%
3 Yr Avg Return
6.5%
5 Yr Avg Return
4.3%
Net Assets
$32 M
Holdings in Top 10
76.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
UNAVX - Profile
Distributions
- YTD Total Return 7.1%
- 3 Yr Annualized Total Return 6.5%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.99%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameUSA Mutuals All Seasons Fund
-
Fund Family NameAnchor Funds
-
Inception DateOct 13, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Strehle
Fund Description
The Fund, a diversified investment company, pursues its investment objective by employing a discretionary trading strategy which attempts to tactically allocate exposure levels in the U.S. stock-markets. Primarily, the Adviser invests the portfolio in long and short equity stock index futures,; however, the Adviser may also invest in stock index futures listed on other exchanges.
A stock index futures contract is an agreement between two parties to take or make delivery of an amount of cash equal to a specified dollar amount, multiplied by the difference between the stock index value at the close of the last trading day of the contract and the price at which the futures contract is originally struck. A stock index futures contract does not involve the physical delivery of the underlying stocks in the index. Although stock index futures contracts call for the actual taking or delivery of cash, in most cases the Fund expects to liquidate its stock index futures positions through offsetting transactions, which may result in a gain or a loss, before cash settlement is required. The Fund may use stock index futures for hedging or speculation purposes.
The Funds investment methodology is based on the Advisers quantitative model. The model provides indicative buy and sell prices in the futures market. These futures trades generally are held no more than 5 days. The model uses a broad array of market data to drive its indicators. This may include the following input data:
1) | Price movement of the underlying future |
2) | Volatility levels of the underlying future |
3) | Volatility of volatility of the underlying future |
4) | Options market pricing of the underlying future |
5) | Correlation information across markets |
The Fund implements short positions by using futures. Short sales are transactions where the Fund sells securities it does not own in anticipation of a decline in the value of the securities. The Fund must borrow the security to deliver it to the buyer. The Fund is then obligated to replace the security borrowed at the market price at the time of replacement. The Fund may enter into a futures contract pursuant to which it agrees to sell an asset (that it does not currently own) at a specified price at a specified point in the future. This gives the Fund a short position with respect to that asset.
The Fund uses leverage through derivatives, including stock index futures and options. Leverage includes the practice of borrowing money to purchase securities or borrowing securities to sell them short. Investments in derivative instruments also involve the use of leverage because the amount of exposure to the underlying asset is often greater than the amount of capital required to purchase the derivative instrument. Leverage can increase or decrease the investment returns of the Fund. As a result, the sum of the Funds investment exposures may at times exceed the amount of assets invested in the Fund, although these exposures may vary over time.
Buy and sell decisions are at the discretion of the portfolio managers.
UNAVX - Performance
Return Ranking - Trailing
Period | UNAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | -12.0% | 40.6% | 88.50% |
1 Yr | 8.2% | -22.9% | 106.6% | 74.62% |
3 Yr | 6.5%* | -16.2% | 23.2% | 58.38% |
5 Yr | 4.3%* | -6.8% | 17.2% | N/A |
10 Yr | N/A* | -0.3% | 9.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | UNAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -47.6% | 88.4% | 85.64% |
2022 | 6.9% | -12.0% | 37.8% | 9.68% |
2021 | 11.7% | -41.4% | 12.7% | 31.07% |
2020 | -8.4% | -67.1% | 21.9% | N/A |
2019 | 18.7% | -17.3% | 25.3% | N/A |
Total Return Ranking - Trailing
Period | UNAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | -10.5% | 40.6% | 88.50% |
1 Yr | 8.2% | -26.7% | 106.6% | 74.11% |
3 Yr | 6.5%* | -17.3% | 23.2% | 55.14% |
5 Yr | 4.3%* | -7.2% | 17.2% | N/A |
10 Yr | N/A* | -0.3% | 9.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | UNAVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -47.6% | 88.4% | 85.64% |
2022 | 6.9% | -12.0% | 37.8% | 9.68% |
2021 | 11.7% | -23.0% | 12.7% | 43.50% |
2020 | -8.4% | -3.6% | 24.8% | N/A |
2019 | 25.5% | -15.5% | 25.3% | N/A |
NAV & Total Return History
UNAVX - Holdings
Concentration Analysis
UNAVX | Category Low | Category High | UNAVX % Rank | |
---|---|---|---|---|
Net Assets | 32 M | 0 | 4.6 B | 75.25% |
Number of Holdings | 4 | 3 | 3211 | 91.96% |
Net Assets in Top 10 | 20.7 M | -99.2 M | 675 M | 88.44% |
Weighting of Top 10 | 76.01% | 0.1% | 100.0% | 98.82% |
Top 10 Holdings
- B 12/12/24 65.56%
- US BANK MMDA- MMDAFS4 10.41%
- SP Emini 1st Wee Oct24P 0.04%
- SP500 EMINI FUT Dec24 0.00%
Asset Allocation
Weighting | Return Low | Return High | UNAVX % Rank | |
---|---|---|---|---|
Bonds | 65.56% | -3.48% | 152.17% | 47.76% |
Cash | 34.40% | -140.68% | 108.46% | 1.51% |
Other | 0.04% | -70.40% | 38.53% | 45.23% |
Stocks | 0.00% | -8.47% | 153.48% | 97.01% |
Preferred Stocks | 0.00% | -0.01% | 13.55% | 33.17% |
Convertible Bonds | 0.00% | 0.00% | 3.53% | 32.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | UNAVX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 10.41% | 1.14% | 100.00% | 17.59% |
Derivative | 0.04% | 0.00% | 44.14% | 31.16% |
Securitized | 0.00% | 0.00% | 16.50% | 31.16% |
Corporate | 0.00% | 0.00% | 98.86% | 43.72% |
Municipal | 0.00% | 0.00% | 0.50% | 26.13% |
Government | 0.00% | 0.00% | 83.22% | 47.24% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | UNAVX % Rank | |
---|---|---|---|---|
US | 65.56% | -3.48% | 152.17% | 48.24% |
Non US | 0.00% | -121.00% | 8.49% | 31.66% |
UNAVX - Expenses
Operational Fees
UNAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.65% | 0.39% | 12.79% | 46.97% |
Management Fee | 1.75% | 0.00% | 2.25% | 96.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 1.47% | N/A |
Sales Fees
UNAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
UNAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
UNAVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 498.00% | 6.83% |
UNAVX - Distributions
Dividend Yield Analysis
UNAVX | Category Low | Category High | UNAVX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.55% | 0.00% | 0.84% | 30.20% |
Dividend Distribution Analysis
UNAVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
UNAVX | Category Low | Category High | UNAVX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.99% | -2.70% | 3.99% | 38.89% |
Capital Gain Distribution Analysis
UNAVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 09, 2024 | $0.777 | OrdinaryDividend |
Dec 07, 2023 | $0.420 | OrdinaryDividend |
Dec 29, 2020 | $0.001 | OrdinaryDividend |
Dec 19, 2019 | $0.517 | CapitalGainShortTerm |
Dec 19, 2019 | $0.790 | CapitalGainLongTerm |
Jun 20, 2019 | $0.021 | OrdinaryDividend |
Dec 20, 2018 | $0.059 | CapitalGainShortTerm |
Dec 20, 2018 | $0.109 | CapitalGainLongTerm |
Dec 20, 2017 | $0.024 | CapitalGainShortTerm |
Dec 20, 2017 | $0.103 | CapitalGainLongTerm |
UNAVX - Fund Manager Analysis
Managers
Paul Strehle
Start Date
Tenure
Tenure Rank
Sep 04, 2020
1.74
1.7%
Mr. Paul Strehle serves as a portfolio manager at USA Mutuals Advisors, Inc. Previously, Mr. Strehle was a portfolio manager at Fort Point Capital Partners from 2015 to 2020. Previously, Mr. Strehle was a Principal at the Carlyle Group on the quantitative market strategies team. In addition, Mr. Strehle has also been an options trader and portfolio manager at Goldman Sachs and the Hermitage Group. He was also Global Head of Solutions at RTS Realtime Systems (a Bloomberg company) and served on the firm's management board. Mr. Strehle graduated from Lawrence University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 22.38 | 5.77 | 6.76 |