Ascendant Deep Value Bond Fund Class I Shares (AEQIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks total return from income and growth of capital. The fund invests at least 80% of its net assets (plus any borrowings) in bonds. It 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.


1 month+1.16% 3 years+1.03%
3 months+0.93% 5 years+1.17%
1 year+5.88% Since inception+5.92%
Data through --

Peer Comparisonvs. Convertibles

Performance 5-yr return+1.17%+8.58%
Expense ratio4.14%1.33%
Risk 5 year sharpe ratio0.291.02
Net assets$23.1M$553.2M
Average market cap--$23.5B
Average P/E--18.4
Portfolio turnover427%427%

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Fund Management and Purchase Info

Fund familyAscendant
Fund manager & tenureJames Lee / 3 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00


Fixed income89.88%
U.S. stock2.78%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
IOFIX AlphaCentric Income Opportunities Fund Class I40.48%
DPFNX Deer Park Total Return Credit Fund Class I27.04%
HFRO Highland Floating Rate Opportunities Fund26.41%
VNRR Vanguard Natural Resources Inc0.00%
GDP Goodrich Petroleum Corp0.00%