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Cornerstone Advisors Income Opportunities Fund Institutional Shares (CAIOX)

9.52
Net Asset Value
+0.21%
1 Day
+2.81%
Year-to-Date
Overall Morningstar Rating
Tactical allocation
Style or Category
No Load
Sales Expenses
0.96%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks current income. The fund seeks to achieve its investment objective by allocating its assets among one or more investment strategies directly through the use of one or more sub-advisers and/or indirectly through investments in affiliated and unaffiliated open-end funds, closed-end funds, unregistered funds (including hedge funds) and exchange-traded funds ("underlying funds"). It is non-diversified.

Performance

1 month+2.37% 3 years-0.87%
3 months+3.67% 5 years+3.69%
1 year+6.22% Since inception+3.92%
Data through --

Peer Comparisonvs. Tactical allocation

 CAIOXCategory
Performance 5-yr return+3.69%+4.68%
Expense ratio0.96%1.61%
Risk 5 year sharpe ratio0.460.68
Net assets$216.3M$630.6M
Average market cap$3.4B$40.8B
Average P/E22.017.9
Portfolio turnover35%35%

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Fund Management and Purchase Info

Fund familyCornerstone
Fund manager & tenureBrian Watson / 5 Years
Minimal initial investment$2,000.00
Minimum IRA investment--

Holdings

Fixed income41.89%
U.S. stock23.16%
Other21.65%
Cash12.15%
International stock1.14%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
PELBX PIMCO Emerging Local Bond Fund Institutional Class27.11%
ANNPX AllianzGI Convertible Fund Institutional Class24.17%
ETP Energy Transfer Partners LP1.95%
SUN Sunoco LP1.75%
NS NuStar Energy LP1.43%
TRGP Targa Resources Corp1.37%
EEQ Enbridge Energy Management LLC1.23%
ENLK EnLink Midstream Partners LP1.16%
OKE ONEOK Inc1.15%
DCP DCP Midstream LP0.96%