Ascendant Deep Value Convertibles Fund Class I Shares (AEQIX)

12.78
Net Asset Value
+0.55%
1 Day
-5.26%
Year-to-Date
Overall Morningstar Rating
Convertibles
Style or Category
No Load
Sales Expenses
7.18%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks total return from income and growth of capital. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings) in convertible securities. The fund invests in a diversified portfolio of convertible securities that the adviser believes are undervalued. The securities in the portfolio may be issued by U.S. or foreign companies, without restriction as to issuer country market capitalization or maturity.

Performance

1 month-1.93% 3 years+8.77%
3 months-6.01% 5 years--
1 year-0.90% Since inception+12.42%
Data through --

Peer Comparisonvs. Convertibles

 AEQIXCategory
Performance 5-yr return--+10.27%
Expense ratio7.18%1.25%
Risk 5 year sharpe ratio--1.05
Net assets$34.0M$1.1B
Average market cap--$23.4B
Average P/E--17.4
Portfolio turnover112%112%

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Fund Management and Purchase Info

Fund familyAscendant
Fund manager & tenureJames Lee / 0 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Other85.65%
Fixed income11.52%
Cash2.76%
U.S. stock0.07%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Rambus Inc Del Cv 1.125%3.24%
WFCPRL Wells Fargo & Co, San Francisco Ca Pfd3.01%
BACPRL Bk Amer Pfd2.87%
-- Airtran Hldgs Cv 5.25%2.85%
-- Seacor Hldgs 144A Cv 3%2.80%
-- Web Com Grp Cv 1%2.74%
-- Prospect Cap Corporation Cv 5.375%2.73%
-- Nuvasive Cv 2.75%2.46%
-- Ias Oper Partnership 144A Cv 5%2.46%
-- Omnicare Cv 3.25%2.44%

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