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Anchor Risk Managed Equity Strategies Fund
mutual fund
ATESX
Payout Change
Suspended
Price as of:
$14.75
+0.08
+0.55%
primary theme
Long-Short Equity
share class
ATESX (Mutual Fund)
Anchor Risk Managed Equity Strategies Fund
Payout Change
Suspended
Price as of:
$14.75
+0.08
+0.55%
primary theme
Long-Short Equity
share class
ATESX (Mutual Fund)
Anchor Risk Managed Equity Strategies Fund
Payout Change
Suspended
Price as of:
$14.75
+0.08
+0.55%
primary theme
Long-Short Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.5%
1 yr return
8.4%
3 Yr Avg Return
2.2%
5 Yr Avg Return
6.9%
Net Assets
$268 M
Holdings in Top 10
92.8%
52 WEEK LOW AND HIGH
$14.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ATESX - Profile
Distributions
- YTD Total Return 8.5%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.58%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAnchor Risk Managed Equity Strategies Fund
-
Fund Family NameAnchor
-
Inception DateSep 06, 2016
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Leake
Fund Description
The Fund seeks to achieve its investment objective, utilizing a “fund of funds” structure, by allocating assets among various strategies based on the adviser’s research and analysis regarding market trends. A market trend is the movement of a financial market in a particular direction over time. Under normal market conditions, the Fund invests, directly or indirectly through unaffiliated exchange traded funds (“ETFs”) and mutual funds (together with ETFs, “Underlying Funds”), at least 80% of its net assets (plus the amount of borrowings, if any) in long and short positions in equity securities. The Fund takes a long position, or purchases shares of a security, when the adviser believes a security will increase in value, and a short position, or sells shares of borrowed stock, when the adviser believes the value of a security will decrease. The Fund takes long and short positions in securities that are highly correlated to major U.S. equity indices based on long, intermediate, and short-term trends.
At least 80% of the Fund’s assets is invested in:
| (1) | U.S. or foreign equity securities of any market capitalization including Underlying Funds that primarily invest in or are otherwise exposed to domestic and foreign equity securities; and |
| (2) | derivative instruments, including options, futures, and total return swaps, designed to replicate some or all of the features of an underlying portfolio of equity securities. |
The Fund may also invest in U.S. or foreign cash equivalents including money market funds and treasuries.
The adviser seeks to achieve the Fund’s secondary objective by managing risk through hedging the Fund’s investment portfolio when it believes security prices will decline. The adviser hedges the Fund’s portfolio by:
| (i) | increasing allocations to cash equivalents or U.S. Treasury securities; |
| (ii) | purchasing inverse mutual funds or inverse ETFs; and |
| (iii) | selling short ETFs or securities the adviser believes have demonstrated a high correlation to the broader equity indices. |
The Fund may invest in inverse funds linked to equity securities or indices when the adviser believes this strategy will provide an effective hedge to manage risk for the Fund’s equity investments.
Generally, the adviser does not attempt to evaluate individual securities. The adviser uses technical analysis, including monitoring price movements and price trends, of equity markets in an effort to achieve the Fund’s objective through proper allocation of the Fund’s portfolio securities. The adviser’s decision to buy or sell a Fund holding are made based on adviser-developed trend and risk models that evaluate current market conditions, and this analysis guides the adviser’s determination of the appropriate exposure level to the equity market. The adviser buys and sells securities and derivatives to increase or decrease the Fund’s exposure to the equity market.
ATESX - Performance
Return Ranking - Trailing
| Period | ATESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.5% | -11.3% | 41.7% | 62.33% |
| 1 Yr | 8.4% | -11.2% | 41.5% | 63.01% |
| 3 Yr | 2.2%* | -8.8% | 25.4% | 70.99% |
| 5 Yr | 6.9%* | -3.1% | 23.4% | 44.17% |
| 10 Yr | N/A* | -3.8% | 10.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ATESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.7% | -17.3% | 43.8% | 39.73% |
| 2022 | -15.4% | -54.0% | 17.4% | 74.81% |
| 2021 | 11.1% | -40.0% | 54.1% | 36.80% |
| 2020 | 18.0% | -47.6% | 88.4% | 20.83% |
| 2019 | 7.6% | -20.3% | 62.6% | 71.68% |
Total Return Ranking - Trailing
| Period | ATESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.5% | -11.3% | 41.7% | 62.33% |
| 1 Yr | 8.4% | -11.2% | 41.5% | 63.01% |
| 3 Yr | 2.2%* | -8.8% | 25.4% | 70.99% |
| 5 Yr | 6.9%* | -3.1% | 23.4% | 44.17% |
| 10 Yr | N/A* | -3.8% | 10.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ATESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.1% | -14.5% | 43.8% | 50.00% |
| 2022 | -9.2% | -54.0% | 50.3% | 64.12% |
| 2021 | 11.1% | -40.0% | 61.6% | 58.40% |
| 2020 | 18.0% | -29.9% | 91.0% | 22.50% |
| 2019 | 20.3% | -17.9% | 79.4% | 15.93% |
NAV & Total Return History
ATESX - Holdings
Concentration Analysis
| ATESX | Category Low | Category High | ATESX % Rank | |
|---|---|---|---|---|
| Net Assets | 268 M | 1.08 M | 6.67 B | 28.77% |
| Number of Holdings | 4 | 3 | 2730 | 95.21% |
| Net Assets in Top 10 | 264 M | -4.86 M | 2.41 B | 17.81% |
| Weighting of Top 10 | 92.84% | -9.9% | 110.8% | 17.81% |
Top 10 Holdings
- INVESCO QQQ TRUS 65.34%
- SPDR SP 500 ETF 19.82%
- ISHARES-C SP500 6.97%
- FRST AM-GV OB-X 0.71%
Asset Allocation
| Weighting | Return Low | Return High | ATESX % Rank | |
|---|---|---|---|---|
| Stocks | 92.13% | -0.13% | 113.26% | 15.07% |
| Cash | 7.87% | 0.00% | 109.95% | 77.40% |
| Preferred Stocks | 0.00% | -1.13% | 6.36% | 91.10% |
| Other | 0.00% | -57.63% | 99.50% | 69.18% |
| Convertible Bonds | 0.00% | -0.02% | 4.48% | 91.30% |
| Bonds | 0.00% | 0.00% | 108.68% | 93.84% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ATESX % Rank | |
|---|---|---|---|---|
| Technology | 43.24% | 0.00% | 43.24% | 1.69% |
| Communication Services | 15.67% | 0.00% | 32.32% | 6.78% |
| Consumer Cyclical | 15.04% | 0.00% | 88.83% | 13.56% |
| Healthcare | 7.84% | 0.00% | 100.00% | 78.81% |
| Consumer Defense | 5.77% | 0.00% | 19.75% | 61.02% |
| Industrials | 4.85% | 0.00% | 31.93% | 88.14% |
| Financial Services | 4.10% | 0.00% | 83.83% | 91.53% |
| Utilities | 1.42% | 0.00% | 21.71% | 52.54% |
| Energy | 0.89% | 0.00% | 32.57% | 83.90% |
| Real Estate | 0.64% | 0.00% | 10.93% | 64.41% |
| Basic Materials | 0.55% | 0.00% | 28.58% | 87.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ATESX % Rank | |
|---|---|---|---|---|
| US | 92.13% | 0.00% | 113.26% | 15.07% |
| Non US | 0.00% | -2.95% | 54.79% | 93.15% |
ATESX - Expenses
Operational Fees
| ATESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.34% | 0.42% | 9.95% | 42.47% |
| Management Fee | 1.60% | 0.00% | 2.50% | 88.36% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 63.64% |
| Administrative Fee | N/A | 0.03% | 1.54% | N/A |
Sales Fees
| ATESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ATESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | 94.87% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ATESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.00% | 0.00% | 446.00% | 10.62% |
ATESX - Distributions
Dividend Yield Analysis
| ATESX | Category Low | Category High | ATESX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.22% | 70.34% |
Dividend Distribution Analysis
| ATESX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| ATESX | Category Low | Category High | ATESX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.58% | -3.33% | 2.16% | 79.86% |
Capital Gain Distribution Analysis
| ATESX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 08, 2023 | $0.099 | OrdinaryDividend |
| Nov 29, 2023 | $0.009 | OrdinaryDividend |
| Aug 30, 2023 | $0.014 | OrdinaryDividend |
| May 30, 2023 | $0.029 | OrdinaryDividend |
| Feb 27, 2023 | $0.026 | OrdinaryDividend |
| Dec 09, 2022 | $0.949 | OrdinaryDividend |
| Dec 20, 2019 | $1.261 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.093 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.785 | CapitalGainShortTerm |
| Dec 27, 2018 | $0.037 | CapitalGainLongTerm |
| Dec 22, 2017 | $0.668 | CapitalGainShortTerm |
| Dec 23, 2016 | $0.090 | CapitalGainShortTerm |
ATESX - Fund Manager Analysis
Managers
Eric Leake
Start Date
Tenure
Tenure Rank
Sep 06, 2016
5.73
5.7%
Eric Leake is President and Chief Investment Officer to Anchor Capital. Mr. Leake is a level II Chartered Market Technician, member of the Market Technicians Association, American Association of Professional Technical Analysts (AAPTA), and a former board memeber to the National Association of Active Investment Managers. Mr. Leake is also a member of the Board of Trustees for the Cambria ETF Trust, a manager to several listed exchange traded funds. Mr. Leake attended Azusa Pacific University majoring in Communications and is an active surfer and coach to youth AYSO soccer and NJB basketball teams.
Garrett Waters
Start Date
Tenure
Tenure Rank
Sep 06, 2016
5.73
5.7%
Garrett Waters is Chief Executive Officer to Anchor Capital. Before joining Anchor Capital in 2009 Garrett began his investment career in New York City with J.P. Morgan Investment Management within its Institutional Investment Management division, then as a principal with Barclays Global Investors. Mr. Waters was involved in institutional and private fund management with Hollencrest Capital Management in 2001 and Pacific Financial Advisers. Garrett is a graduate of Villanova University with a degree in business. Garrett is the former Commissioner for Beaches, Parks and Recreation for the city of San Clemente and is an active surfer and tennis player. Garrett lives in San Clemente, CA along with his wife and two children.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 23.55 | 5.96 | 7.93 |
