Ascendant Deep Value Convertibles Fund Class I Shares (AEQIX)

13.92
Net Asset Value
-0.07%
1 Day
+3.19%
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-1.08% 3 years--
3 months+1.22% 5 years--
1 year+3.46% Since inception+16.24%
Data through --

Peer Comparisonvs. Convertibles

 AEQIXCategory
Performance 5-yr return--+13.90%
Expense ratio7.18%1.30%
Risk 5 year sharpe ratio--1.30
Net assets$33.7M$994.1M
Average market cap--$26.1B
Average P/E--19.0
Portfolio turnover165%165%

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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

Other86.75%
Fixed income11.01%
Cash2.18%
U.S. stock0.06%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
CWB SPDR Barclays Capital Convertible Secs5.56%
JNK SPDR Barclays High Yield Bond5.32%
-- Rambus Inc Del 144A Cv 1.125%3.47%
-- Intermune Cv 2.5%3.33%
-- Nuvasive Cv 2.75%3.07%
-- Omnicare Cv 3.25%2.95%
-- Alpha Nat Resources Cv 4.875%2.91%
-- Dryships Inc. Cv 5%2.79%
-- Nuance Comms Cv 2.75%2.77%
-- Ryland Grp Cv 0.25%2.77%

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