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Ascendant Deep Value Convertibles Fund Class I Shares (AEQIX)

11.42
Net Asset Value
0.00%
1 Day
-0.44%
Year-to-Date
Overall Morningstar Rating
Convertibles
Style or Category
No Load
Sales Expenses
2.19%
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. 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.

Performance

1 month+0.62% 3 years-2.88%
3 months+0.88% 5 years--
1 year-5.58% Since inception+5.97%
Data through --

Peer Comparisonvs. Convertibles

 AEQIXCategory
Performance 5-yr return--+4.81%
Expense ratio2.19%1.33%
Risk 5 year sharpe ratio--0.52
Net assets$9.4M$607.3M
Average market cap----
Average P/E----
Portfolio turnover123%123%

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Fund Management and Purchase Info

Fund familyAscendant
Fund manager & tenureJames Lee / 2 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00

Holdings

Cash59.07%
Fixed income38.56%
Other5.60%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF13.63%
OOSIX Oppenheimer Senior Floating Rate Fund Class I5.94%
AGG iShares Core U.S. Aggregate Bond ETF4.93%
BKLN PowerShares Senior Loan Portfolio4.49%
VCIT Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares4.30%
HYG iShares iBoxx $ High Yield Corporate Bond ETF3.23%
SJB ProShares Short High Yield2.85%
-- 2.42%
CWB SPDR® Barclays Convertible Securities ETF2.13%
JNK SPDR® Barclays High Yield Bond ETF2.00%

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