Mutual Funds - Profile

Absolute Convertible Arbitrage Fund

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Rank

Universe Rank

Summary

The fund is designed to help investors who are looking to get an alternative exposure to fixed income market and not take risks with the stocks of companies issuing these bonds.

The fund invests in only the fixed income component of the convertible securities without the underlying call option attached to the equity.

The fund relies heavily on the new issues supply in the convertible bond market where about 85% of the new issuance from large and mid-cap companies. About half of the new issues are not rated.

The fund uses bottom up, More

Price

  • Last Close
  • $11.46
    -0.01
  • 52 Week HL
  • $11.48 - $10.91
  • Net Assets
  • $260.05 M
  • Expense Ratio

Portfolio

  • Holdings
  • -
  • Turnover Ratio
  • -

Sector Allocation
Dec 31, 2020

Manager

  • Name
  • Jay Compson
  • Leadership
  • Single Manager
  • Tenure
  • 2003
  • Advisor

Documents

  • Prospectus
  • Annual Reports

Performance
2.5 % YTD

  • 3 Year
  • 12.55%
  • 5 Year
  • 0%
  • Best
  • 6.16%
    2020
  • Worst
  • 2.07%
    2018

Returns +
A

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
ARBIX 0%16%29%-6%19%8%-1%14%29%13%0%
S&P 500 20%16%29%-6%19%10%-1%11%30%13%0%

Returns +
Q

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 1.3% -2.2% 2.8% 1% - - - - - - -
Q2 0.2% 4.4% 0.6% 0.8% -100% - - - - - -
Q3 0.4% 3.8% 1% 0.9% 8316.6% - - - - - -
Q4 0.1% 0.2% -1.2% -0.3% 1.2% - - - - - -

Returns +
M

J F M A M J J A S O N D
2021 0.8% 1% -0.5% -0.2% - 0.4% 0.1% 0.2% 0.2% 0.6% - -
2020 0.7% 0.3% -3.1% 1.7% 1.1% 1.4% 2.2% 1.5% 0.1% 0.4% 1.5% -1.7%

Annual Return

Index Comparison

Alpha

NAV