WASIX: Seven Canyons Strategic Income Investor

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WASIX Seven Canyons Strategic Income Investor


Profile

WASIX - Profile

Vitals

  • YTD Return -5.7%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $34.9 M
  • Holdings in Top 10 25.8%

52 WEEK LOW AND HIGH

$12.00
$11.75
$13.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.31%

SALES FEES

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

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,000
  • IRA $2,000

Fund Classification


Distributions

  • YTD Total Return -5.7%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Seven Canyons Strategic Income Fund
  • Fund Family Name
    Seven Canyons
  • Inception Date
    Feb 01, 2006
  • Shares Outstanding
    2794481
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Samuel Stewart

Fund Description

Under normal market conditions, the fund's assets will be invested primarily in income-producing domestic and foreign securities, including equity securities (primarily common stocks) and fixed-income securities of companies of all market capitalizations. It may invest a large percentage of its assets in a few sectors, including consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, telecommunication services, and utilities.


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Categories

Performance

WASIX - Performance

Return Ranking - Trailing

Period WASIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.7% -9.7% 0.0% 40.00%
1 Yr -1.1% -12.9% 0.6% 20.00%
3 Yr 2.4%* -8.8% 2.4% 12.50%
5 Yr -1.0%* -6.3% 0.8% 37.50%
10 Yr 5.7%* -1.1% 5.7% 20.00%

* Annualized

Return Ranking - Calendar

Period WASIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.7% -33.6% 21.9% 30.00%
2018 -8.4% -21.4% -8.4% 10.00%
2017 12.2% -9.2% 18.7% 25.00%
2016 5.3% 3.6% 18.9% 75.00%
2015 -17.5% -24.0% -2.8% 75.00%

Total Return Ranking - Trailing

Period WASIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.7% -9.7% 0.0% 40.00%
1 Yr -1.1% -16.1% 0.6% 20.00%
3 Yr 2.4%* -6.2% 2.6% 25.00%
5 Yr -1.0%* -4.4% 4.2% 62.50%
10 Yr 5.7%* 3.4% 9.3% 80.00%

* Annualized

Total Return Ranking - Calendar

Period WASIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.7% -33.6% 21.9% 30.00%
2018 -8.4% -21.2% -8.3% 20.00%
2017 12.2% -5.1% 24.4% 50.00%
2016 5.3% 5.3% 22.9% 100.00%
2015 -17.5% -24.0% 3.1% 87.50%

NAV & Total Return History


Holdings

WASIX - Holdings

Concentration Analysis

WASIX Category Low Category High WASIX % Rank
Net Assets 34.9 M 7.28 M 28.8 B 70.00%
Number of Holdings 92 33 826 60.00%
Net Assets in Top 10 9.38 M 3.78 M 9.32 B 90.00%
Weighting of Top 10 25.84% 25.0% 44.0% 90.00%

Top 10 Holdings

  1. UnitedHealth Group Inc 4.78%
  2. Mastercard Inc A 2.63%
  3. Visa Inc Class A 2.59%
  4. Canadian National Railway Co 2.49%
  5. Comcast Corp Class A 2.48%
  6. Ares Capital Corp 2.30%
  7. Taiwan Semiconductor Manufacturing Co Ltd ADR 2.21%
  8. Great Ajax Corp 2.19%
  9. Microchip Technology Inc 2.14%
  10. Magellan Midstream Partners LP 2.02%

Asset Allocation

Weighting Return Low Return High WASIX % Rank
Stocks
93.60% 55.24% 97.03% 40.00%
Cash
6.40% 2.97% 23.29% 70.00%
Preferred Stocks
0.00% 0.00% 0.02% 60.00%
Other
0.00% 0.00% 4.72% 50.00%
Convertible Bonds
0.00% 0.00% 0.00% 40.00%
Bonds
0.00% 0.00% 24.89% 60.00%

Stock Sector Breakdown

Weighting Return Low Return High WASIX % Rank
Financial Services
26.16% 2.93% 26.16% 10.00%
Healthcare
15.11% 1.22% 25.15% 60.00%
Real Estate
10.67% 0.00% 10.67% 10.00%
Industrials
10.43% 7.22% 20.01% 50.00%
Technology
9.87% 4.72% 21.24% 80.00%
Consumer Cyclical
8.20% 8.20% 25.24% 100.00%
Energy
6.91% 4.93% 19.22% 70.00%
Communication Services
6.52% 0.00% 8.88% 20.00%
Consumer Defense
5.19% 0.00% 8.71% 70.00%
Basic Materials
0.94% 0.00% 3.46% 80.00%
Utilities
0.00% 0.00% 3.66% 70.00%

Stock Geographic Breakdown

Weighting Return Low Return High WASIX % Rank
Non US
47.87% 1.26% 47.87% 10.00%
US
45.73% 45.73% 77.34% 100.00%

Expenses

WASIX - Expenses

Operational Fees

WASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.01% 1.87% 44.44%
Management Fee 0.70% 0.00% 1.00% 70.00%
12b-1 Fee N/A 0.00% 0.50% N/A
Administrative Fee N/A 0.01% 0.08% N/A

Sales Fees

WASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.25% 5.25% N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

WASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 33.33%

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.

WASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 17.00% 82.00% 90.00%

Distributions

WASIX - Distributions

Dividend Yield Analysis

WASIX Category Low Category High WASIX % Rank
Dividend Yield 0.00% 0.00% 0.00% 40.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WASIX Category Low Category High WASIX % Rank
Net Income Ratio 2.85% -0.22% 2.85% 10.00%

Capital Gain Distribution Analysis

WASIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

WASIX - Fund Manager Analysis

Managers

Samuel Stewart


Start Date

Tenure

Tenure Rank

Feb 01, 2006

14.01

14.0%

Sam Stewart is the lead Portfolio Manager of the Seven Canyons Strategic Income Fund and a Portfolio Manager on the Seven Canyons World Innovators Fund. He was also the founder of Wasatch Advisors and over his 43-year tenure at Wasatch he helped build the company into an internationally known brand in global small-cap investing. Mr. Stewart was a Portfolio Manager at Wasatch Advisors from 1975 to 2018, former Chief Financial Analyst at the U.S. Securities and Exchange Commission, Division of Investment Management Regulation, and a former Professor of Finance at Columbia University Graduate School of Business and at University of Utah.

Joshua Stewart


Start Date

Tenure

Tenure Rank

Sep 30, 2019

0.34

0.3%

Josh Stewart is the lead Portfolio Manager of the Seven Canyons World Innovators Fund. Prior to joining Seven Canyons, Josh worked as a Portfolio Manager and Senior Analyst at Wasatch Advisors focusing on international health care and technology companies. Before 2006, Mr. Stewart was a health care services analyst at Sidoti & Company, LLC in New York City. Mr. Stewart graduated from the University of Utah earning a Bachelor of Arts in French Literature with a minor in Mathematics.

Spencer Stewart


Start Date

Tenure

Tenure Rank

Sep 30, 2019

0.34

0.3%

Mr. Stewart has been a senior research analyst at Grandeur Peak Global Advisors, with a specialty focus on the industrials sector, since the 2011. Mr. Stewart joined Grandeur Peak from small cap boutique, Sidoti & Company, in New York City where he was one of the firm’s leading institutional sales people. Mr. Stewart’s investing passion was evident as his stock picking ranked him at Sidoti in the alpha capture program in which the firm participated. Previously, Mr. Stewart also spent four years as a junior research analyst at Wasatch Advisors. Mr. Stewart is the second son of Wasatch Advisors founder and chairman, Sam Stewart, to join his father in the investments profession. Spencer has lived in Mexico and France and speaks both Spanish and French.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.34 30.12 6.66 2.68