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Trending ETFs

Name

As of 12/12/2024

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

$27.06

$32 M

1.55%

$0.42

2.65%

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

$27.1
N/A
N/A

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 12/12/2024

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

$27.06

$32 M

1.55%

$0.42

2.65%

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%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    USA Mutuals All Seasons Fund
  • Fund Family Name
    Anchor Funds
  • Inception Date
    Oct 13, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul 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 Fund’s investment methodology is based on the Adviser’s 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 Fund’s 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.

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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

  1. B 12/12/24 65.56%
  2. US BANK MMDA- MMDAFS4 10.41%
  3. SP Emini 1st Wee Oct24P 0.04%
  4. 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

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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