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Ascendant Deep Value Convertibles 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. 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.


1 month+0.11% 3 years-2.55%
3 months-0.06% 5 years+1.87%
1 year+3.54% Since inception+5.84%
Data through --

Peer Comparisonvs. Convertibles

Performance 5-yr return+1.87%+7.37%
Expense ratio3.06%1.36%
Risk 5 year sharpe ratio0.310.88
Net assets$8.4M$553.3M
Average market cap----
Average P/E----
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


Fixed income54.68%
U.S. stock2.79%
International stock0.01%
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 I25.19%
HFRZX Highland Floating Rate Opportunities Fund Class Z15.91%
CWB SPDR® Bloomberg Barclays Convertible Securities ETF6.90%
SNLN Highland/iBoxx Senior Loan ETF5.77%
FTSL First Trust Senior Loan Fund5.76%
DPFNX Deer Park Total Return Credit Fund Class I5.74%
-- 3.25%
-- 2.76%
HYG iShares iBoxx $ High Yield Corporate Bond ETF2.03%
HFLIX Hartford Floating Rate Fund Class I1.77%