Cornerstone Advisors Income Opportunities Fund Institutional Shares (CAIOX)
| 10.37 Net Asset Value | 0.00% 1 Day | +0.10% Year-to-Date | Overall Morningstar Rating |
| Tactical allocation Style or Category | No Load Sales Expenses | 1.01% Expense Ratio | -- 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 | -0.03% | 3 years | -- | |
| 3 months | -4.14% | 5 years | -- | |
| 1 year | +3.75% | Since inception | +7.71% |
Data through --
Peer Comparisonvs. Tactical allocation
| CAIOX | Category | |
|---|---|---|
| Performance 5-yr return | -- | +6.18% |
| Expense ratio | 1.01% | 1.65% |
| Risk 5 year sharpe ratio | -- | 0.78 |
| Net assets | $160.2M | $935.9M |
| Average market cap | $5.3B | $25.1B |
| Average P/E | 25.6 | 18.5 |
| Portfolio turnover | 17% | 17% |
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Fund Management and Purchase Info
| Fund family | Cornerstone |
| Fund manager & tenure | Michael Hughes / 2 Years |
| Minimal initial investment | $2,000.00 |
| Minimum IRA investment | -- |
Holdings
| Fixed income | 45.17% |
| U.S. stock | 28.20% |
| Other | 25.46% |
| International stock | 0.67% |
| Cash | 0.50% |
Top 5 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| ANNPX AllianzGI Convertible Institutional | 26.26% |
| PELBX PIMCO Emerging Local Bond Instl | 23.77% |
| EEQ Enbridge Energy Management LLC | 2.82% |
| ETP Energy Transfer Partners LP | 2.64% |
| WPZ Williams Partners LP | 2.13% |
| RGP Regency Energy Partners LP | 2.06% |
| NS NuStar Energy, L.P. | 1.88% |
| KMI Kinder Morgan, Inc. | 1.82% |
| TCP TC Pipelines LP | 1.61% |
| CMLP Crestwood Midstream Partners LP | 1.36% |
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