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Equalize Community Development Fund
mutual fund
EQCDX
Payout Change
Pending
Price as of:
$9.32
-0.08
-0.85%
primary theme
Bank Loan
share class
EQCDX (Mutual Fund)
Equalize Community Development Fund
Payout Change
Pending
Price as of:
$9.32
-0.08
-0.85%
primary theme
Bank Loan
share class
EQCDX (Mutual Fund)
Equalize Community Development Fund
Payout Change
Pending
Price as of:
$9.32
-0.08
-0.85%
primary theme
Bank Loan
share class
Name
As of 12/20/2024Price
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
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$35.8 M
Holdings in Top 10
69.0%
52 WEEK LOW AND HIGH
$9.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 27.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/20/2024Price
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
EQCDX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.56%
- Dividend Yield 3.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameEqualize Community Development Fund
-
Fund Family NameEqualize Capital LLC
-
Inception DateFeb 21, 2014
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLee Calfo
Fund Description
EQCDX - Performance
Return Ranking - Trailing
| Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -4.6% | 10.5% | 94.72% |
| 1 Yr | N/A | -4.4% | 11.0% | 93.96% |
| 3 Yr | N/A* | -6.8% | 8.3% | 94.86% |
| 5 Yr | N/A* | -4.7% | 38.1% | 92.12% |
| 10 Yr | N/A* | -0.3% | 20.0% | 90.66% |
* Annualized
Return Ranking - Calendar
| Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.6% | -12.0% | 11.1% | 98.11% |
| 2022 | -6.6% | -22.9% | 5.1% | 33.33% |
| 2021 | -1.3% | -12.2% | 11.1% | 98.02% |
| 2020 | 3.0% | -14.1% | 289.8% | 2.48% |
| 2019 | 1.5% | -8.1% | 7.5% | 80.43% |
Total Return Ranking - Trailing
| Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -4.6% | 10.5% | 94.72% |
| 1 Yr | N/A | -4.4% | 11.0% | 93.96% |
| 3 Yr | N/A* | -6.8% | 8.3% | 94.86% |
| 5 Yr | N/A* | -4.7% | 38.1% | 92.12% |
| 10 Yr | N/A* | -0.3% | 20.0% | 90.66% |
* Annualized
Total Return Ranking - Calendar
| Period | EQCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.9% | -12.0% | 22.1% | 98.49% |
| 2022 | -4.1% | -22.9% | 5.1% | 74.81% |
| 2021 | 1.2% | -10.2% | 11.1% | 97.22% |
| 2020 | 6.6% | -8.8% | 306.9% | 2.89% |
| 2019 | 5.1% | -3.6% | 12.1% | 86.38% |
NAV & Total Return History
EQCDX - Holdings
Concentration Analysis
| EQCDX | Category Low | Category High | EQCDX % Rank | |
|---|---|---|---|---|
| Net Assets | 35.8 M | 29.9 M | 13.5 B | 99.23% |
| Number of Holdings | 35 | 2 | 2051 | 96.11% |
| Net Assets in Top 10 | 24.7 M | -191 M | 2.37 B | 75.88% |
| Weighting of Top 10 | 68.98% | 5.2% | 100.7% | 4.69% |
Top 10 Holdings
- Oaks at Pooler, LLC, Georgia, 6/30/2021 14.77%
- McDonough Hospitality Plaza, LLC, Georgia, 12/1/2016 12.59%
- Clarke Avenue Realty LLC, Delaware, 4/4/2022 7.08%
- Nicholas Holdings, LLC, Georiga, 11/8/2022 6.60%
- Designer Construction Corporation, 10/27/2023 5.87%
- 537 Maple Hotel LLC, New Jersey, 10/15/2021 5.45%
- Shiv Shakti Investments, LLC, Georgia, 6/20/2017 4.90%
- Stanley Avenue Realty, LLC, New York, 9/17/2014 4.66%
- 5205 Orange LLC, Florida, 6/23/2022 3.72%
- Budva Properties, LLC, Arizona, 8/6/2021 3.35%
Asset Allocation
| Weighting | Return Low | Return High | EQCDX % Rank | |
|---|---|---|---|---|
| Bonds | 106.36% | 0.00% | 161.82% | 6.61% |
| Cash | 1.83% | -61.90% | 16.36% | 60.31% |
| Stocks | 0.00% | 0.00% | 100.70% | 96.50% |
| Preferred Stocks | 0.00% | -3.99% | 7.54% | 80.54% |
| Other | 0.00% | -52.39% | 26.58% | 77.04% |
| Convertible Bonds | 0.00% | 0.00% | 5.51% | 78.82% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | EQCDX % Rank | |
|---|---|---|---|---|
| Corporate | 95.05% | 0.00% | 99.80% | 24.71% |
| Cash & Equivalents | 1.83% | 0.00% | 25.03% | 53.70% |
| Derivative | 0.00% | -11.46% | 0.67% | 69.26% |
| Securitized | 0.00% | 0.00% | 91.68% | 82.35% |
| Municipal | 0.00% | 0.00% | 0.47% | 68.63% |
| Government | 0.00% | 0.00% | 3.18% | 73.73% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | EQCDX % Rank | |
|---|---|---|---|---|
| US | 106.36% | 0.00% | 124.50% | 4.28% |
| Non US | 0.00% | 0.00% | 63.23% | 81.32% |
EQCDX - Expenses
Operational Fees
| EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.75% | 0.03% | 5.51% | 9.09% |
| Management Fee | 1.50% | 0.00% | 1.89% | 93.56% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
| EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| EQCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 27.00% | 4.00% | 180.00% | 10.74% |
EQCDX - Distributions
Dividend Yield Analysis
| EQCDX | Category Low | Category High | EQCDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.86% | 0.00% | 11.13% | 94.34% |
Dividend Distribution Analysis
| EQCDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| EQCDX | Category Low | Category High | EQCDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.56% | 1.77% | 9.82% | 91.30% |
Capital Gain Distribution Analysis
| EQCDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.059 | OrdinaryDividend |
| Sep 20, 2024 | $0.090 | OrdinaryDividend |
| Jun 21, 2024 | $0.086 | OrdinaryDividend |
| Mar 22, 2024 | $0.089 | OrdinaryDividend |
| Dec 22, 2023 | $0.083 | OrdinaryDividend |
| Sep 22, 2023 | $0.082 | OrdinaryDividend |
| Jun 16, 2023 | $0.080 | OrdinaryDividend |
| Mar 17, 2023 | $0.085 | OrdinaryDividend |
| Dec 23, 2022 | $0.082 | OrdinaryDividend |
| Sep 23, 2022 | $0.094 | OrdinaryDividend |
| Jun 17, 2022 | $0.074 | OrdinaryDividend |
| Mar 18, 2022 | $0.045 | OrdinaryDividend |
| Dec 17, 2021 | $0.049 | OrdinaryDividend |
| Sep 17, 2021 | $0.067 | OrdinaryDividend |
| Jun 18, 2021 | $0.057 | OrdinaryDividend |
| Mar 19, 2021 | $0.075 | OrdinaryDividend |
| Dec 18, 2020 | $0.068 | OrdinaryDividend |
| Sep 18, 2020 | $0.087 | OrdinaryDividend |
| Jun 19, 2020 | $0.082 | OrdinaryDividend |
| Mar 20, 2020 | $0.099 | OrdinaryDividend |
| Dec 20, 2019 | $0.084 | OrdinaryDividend |
| Sep 20, 2019 | $0.084 | OrdinaryDividend |
| Jun 21, 2019 | $0.086 | OrdinaryDividend |
| Mar 22, 2019 | $0.092 | OrdinaryDividend |
| Dec 21, 2018 | $0.087 | OrdinaryDividend |
| Dec 21, 2018 | $0.009 | CapitalGainLongTerm |
| Sep 21, 2018 | $0.087 | OrdinaryDividend |
| Jun 22, 2018 | $0.084 | OrdinaryDividend |
| Mar 23, 2018 | $0.100 | OrdinaryDividend |
| Dec 22, 2017 | $0.095 | OrdinaryDividend |
| Sep 22, 2017 | $0.097 | OrdinaryDividend |
| Jun 23, 2017 | $0.093 | OrdinaryDividend |
| Mar 24, 2017 | $0.095 | OrdinaryDividend |
| Dec 23, 2016 | $0.080 | OrdinaryDividend |
| Sep 30, 2016 | $0.079 | OrdinaryDividend |
| Jun 24, 2016 | $0.076 | OrdinaryDividend |
| Mar 24, 2016 | $0.075 | OrdinaryDividend |
| Dec 18, 2015 | $0.110 | OrdinaryDividend |
| Sep 25, 2015 | $0.084 | OrdinaryDividend |
| Jun 26, 2015 | $0.073 | OrdinaryDividend |
| Mar 27, 2015 | $0.037 | OrdinaryDividend |
| Dec 19, 2014 | $0.085 | OrdinaryDividend |
| Sep 26, 2014 | $0.009 | OrdinaryDividend |
EQCDX - Fund Manager Analysis
Managers
Lee Calfo
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Lee A. Calfo is the Chief Executive Officer and a Portfolio Manager of the Adviser and has served as President and a Portfolio Manager of the Fund since 2019. Mr. Calfo is also the President and founder of Bluestone Capital Management, LLC, an investment advisory firm, where he serves as a Portfolio Manager and has managed the firm’s asset management strategies, since 2010. He has also served as the Chief Executive Officer of J. Alden Associates, Inc., a broker-dealer, and Alden Capital Management, an asset management firm, since 2018. Mr. Calfo served as President of MCG Securities LLC, a broker-dealer, from 2012 to 2017. Prior to founding Bluestone Capital Management, LLC, Mr. Calfo served as President of Iron Bay Capital in 2011, Portfolio Manager at Boenning & Scattergood, Inc. from 2007 to 2009, and Chief Investment Officer and Director of Research at Cohen & Company Securities, LLC from 2004 to 2007
Joe Gladue
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Joe Gladue is the Chief Financial Officer and a Portfolio Manager of Bluestone Capital Partners. Mr. Gladue has also served as the Director of Research for MCG Securities, LLC, a broker-dealer, since 2015 and the Director of Research for J. Alden Associates, Inc., broker-dealer, since 2018. Mr. Gladue served as Vice President Corporate Development for BofI Federal Bank from 2014 to 2015. He also served as an Analyst for B. Riley & Co., LLC from 2007 to 2012 and Cohen & Company Securities, LLC from 2003 to 2007. Mr. Gladue earned a M.S. in Finance at Loyola University in Maryland and a B.A. in Economics at the University of Notre Dame. Mr. Gladue has also earned the Chartered Financial Analyst (CFA) and the Professional Risk Manager (PRM) designations.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.08 | 3.25 |
