Ascendant Deep Value Bond Fund Class I Shares (AEQIX)

12.33
Net Asset Value
-0.08%
1 Day
+1.48%
Year-to-Date
Overall Morningstar Rating
Convertibles
Style or Category
No Load
Sales Expenses
4.14%
Expense Ratio
Low
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.

Performance

1 month+0.24% 3 years+0.34%
3 months+1.73% 5 years+0.02%
1 year+5.36% Since inception+5.85%
Data through --

Peer Comparisonvs. Convertibles

 AEQIXCategory
Performance 5-yr return+0.02%+7.61%
Expense ratio4.14%1.32%
Risk 5 year sharpe ratio0.100.92
Net assets$24.5M$557.0M
Average market cap$17.4B--
Average P/E1.2--
Portfolio turnover427%427%

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Fund Management and Purchase Info

Fund familyAscendant
Fund manager & tenureJames Lee / 4 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00

Holdings

Fixed income88.80%
Cash7.86%
U.S. stock3.34%
International stock0.00%
Other0.00%
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%