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Ascendant Deep Value Bond Fund Class I Shares (AEQIX)

11.82
Net Asset Value
+0.08%
1 Day
+2.07%
Year-to-Date
Overall Morningstar Rating
Convertibles
Style or Category
No Load
Sales Expenses
3.06%
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 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+0.51% 3 years-2.10%
3 months+0.65% 5 years+2.20%
1 year+4.82% Since inception+5.86%
Data through --

Peer Comparisonvs. Convertibles

 AEQIXCategory
Performance 5-yr return+2.20%+8.76%
Expense ratio3.06%1.35%
Risk 5 year sharpe ratio0.501.11
Net assets$8.3M$550.6M
Average market cap$48.9B--
Average P/E23.6--
Portfolio turnover540%540%

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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

Holdings

Fixed income45.44%
Cash28.80%
Other13.29%
U.S. stock12.06%
International stock0.41%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
OOSIX Oppenheimer Senior Floating Rate Fund Class I14.55%
HFRZX Highland Floating Rate Opportunities Fund Class Z9.58%
QQQ PowerShares QQQ8.48%
HYG iShares iBoxx $ High Yield Corporate Bond ETF6.04%
DPFNX Deer Park Total Return Credit Fund Class I6.04%
FTSL First Trust Senior Loan Fund6.03%
JNK SPDR® Bloomberg Barclays High Yield Bond ETF4.78%
CWB SPDR® Bloomberg Barclays Convertible Securities ETF4.64%
-- 3.56%
-- 2.75%