Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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 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+0.41% 3 years+0.47%
3 months+1.75% 5 years+2.86%
1 year+6.45% Since inception+6.05%
Data through --

Peer Comparisonvs. Convertibles

Performance 5-yr return+2.86%+8.45%
Expense ratio3.06%1.32%
Risk 5 year sharpe ratio0.501.13
Net assets$19.4M$575.4M
Average market cap--$22.8B
Average P/E--21.1
Portfolio turnover427%427%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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 income92.85%
U.S. stock0.02%
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 I58.74%
DPFNX Deer Park Total Return Credit Fund Class I35.75%
-- 0.11%
VNRR Vanguard Natural Resources Inc0.02%
GDP Goodrich Petroleum Corp0.00%