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Donoghue Forlines Momentum Fund
MOJCX (Mutual Fund)
Donoghue Forlines Momentum Fund
Name
As of 12/11/2024Price
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
27.2%
1 yr return
28.5%
3 Yr Avg Return
5.7%
5 Yr Avg Return
7.5%
Net Assets
$13.3 M
Holdings in Top 10
21.2%
52 WEEK LOW AND HIGH
$14.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 3.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 400.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
MOJCX - Profile
Distributions
- YTD Total Return 27.2%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 7.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.76%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDonoghue Forlines Momentum Fund
-
Fund Family NameNavigator Funds
-
Inception DateDec 23, 2016
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Thompson
Fund Description
The adviser seeks to achieve the Fund’s objectives by seeking to track the DF Risk-Managed Momentum Index (the “Momentum Index”) that provides a formulaic methodology for allocating investments between securities of issuers who demonstrate positive free cash flow and positive momentum, and short-term treasuries (maturity of 1 to 3 years).
The methodology of the Momentum Index is designed to convey the benefits of high free cash flow and momentum, sector diversification and equal weighting. In seeking to track the Momentum Index, the adviser buys equity securities in the Fund as described below when the index’s indicators are positive and sells them when its indicators are significantly negative. As described below, the Fund typically invests in as many as 50 equity securities but this may fluctuate based on the constituents of the Momentum Index.
The Momentum Index establishes an equity portfolio typically consisting of up to 50 equity securities based on positive free cash flow and highest risk adjusted returns from the constituents of the Syntax US LargeCap 500 Index and a U.S. Treasury portfolio consisting of short-term treasury securities or short-term treasury ETFs. Free cash flow is the amount of cash a company produces after paying for operating and capital expenses. Only companies with positive free cash flow over the previous twelve months are eligible for inclusion in the Momentum Index. Upon selection each security will receive an equal weighting with sector weightings based on the current sector weights of the Syntax US LargeCap 500 Index. If there are not enough eligible securities within a sector, inclusion will be stopped for that sector at the number of eligible securities.
The Momentum Index then applies the adviser’s defensive tactical overlays as described below. The Momentum Index allocates to the equity portfolio when its indicators are positive and allocates to the U.S. Treasury portfolio when its indicators are significantly negative.
In following the Momentum Index’s methodology, the Fund will allocate its assets based on two separate exponential moving average indicators (one shorter-term and one longer-term):
• Exponential Moving Average Indicators –An index’s exponential moving average value is the weighted average of its value over a certain period of time (e.g., 50 days). An exponential moving average gives more weighting to more recent values for the relevant time period.
The Momentum Index and the Fund will allocate primarily to the equity portfolio when the longer-term exponential moving average indicator is in a bullish position. When the longer-term exponential moving average indicator is in a defensive position, the Momentum Index and the Fund will allocate primarily to the U.S. Treasury portfolio. When the Momentum Index and Fund are in a defensive position (allocated primarily to the U.S. Treasury portfolio) and the shorter-term exponential moving average indicator is in a bullish position, the Momentum Index and the Fund will allocate primarily to the equity portfolio.
The Fund has adopted a non-fundamental policy to invest at least 80% of its net assets in the constituent securities that make up the Momentum Index.
From time to time, the adviser anticipates that its defensive tactical overlay may trigger multiple “positive” or “negative” indicators over a period of several days. In such cases, the adviser, in an effort to avoid incurring additional brokerage costs to the Fund, may choose not to implement a particular “buy” or “sell” signal at the time of the trigger. Absent such circumstances, the Fund will not be actively managed and will seek to track the Momentum Index’s methodology.
While the Fund is a diversified fund, it may invest in fewer securities than other diversified funds. Accordingly, the Fund’s performance may be more sensitive to market changes than other diversified funds.
The adviser may engage in frequent trading of the Fund’s portfolio, resulting in a higher portfolio turnover.
MOJCX - Performance
Return Ranking - Trailing
| Period | MOJCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.2% | -2.6% | 30.3% | 5.12% |
| 1 Yr | 28.5% | 0.0% | 42.1% | 5.12% |
| 3 Yr | 5.7%* | -18.7% | 13.3% | 18.78% |
| 5 Yr | 7.5%* | -11.7% | 22.8% | 22.77% |
| 10 Yr | N/A* | -5.1% | 9.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MOJCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.8% | -18.9% | 60.2% | 6.54% |
| 2022 | -23.5% | -48.5% | 0.1% | 87.32% |
| 2021 | 27.6% | -19.0% | 48.3% | 3.77% |
| 2020 | -3.0% | -16.5% | 52.8% | 91.09% |
| 2019 | 2.0% | -8.5% | 26.6% | 92.89% |
Total Return Ranking - Trailing
| Period | MOJCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.2% | -2.6% | 30.3% | 5.12% |
| 1 Yr | 28.5% | 0.0% | 42.1% | 5.12% |
| 3 Yr | 5.7%* | -18.7% | 13.3% | 18.78% |
| 5 Yr | 7.5%* | -11.7% | 22.8% | 22.77% |
| 10 Yr | N/A* | -5.1% | 9.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MOJCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.8% | -11.7% | 61.8% | 8.41% |
| 2022 | -23.5% | -48.5% | 4.6% | 92.02% |
| 2021 | 27.6% | -14.2% | 48.3% | 5.19% |
| 2020 | -3.0% | -11.7% | 77.4% | 93.56% |
| 2019 | 6.6% | -3.9% | 28.4% | 92.89% |
NAV & Total Return History
MOJCX - Holdings
Concentration Analysis
| MOJCX | Category Low | Category High | MOJCX % Rank | |
|---|---|---|---|---|
| Net Assets | 13.3 M | 2.19 M | 12 B | 94.88% |
| Number of Holdings | 52 | 2 | 2477 | 52.09% |
| Net Assets in Top 10 | 2.15 M | 1.55 M | 9.57 B | 97.67% |
| Weighting of Top 10 | 21.24% | 20.3% | 105.1% | 97.67% |
Top 10 Holdings
- VERTIV HOLDING-A 2.33%
- META PLATFORMS-A 2.13%
- IBM 2.12%
- PARSONS CORP 2.11%
- DAVITA INC 2.11%
- ARISTA NETWORKS 2.11%
- SPOTIFY TECHNOLO 2.09%
- TRANE TECHNOLOGI 2.09%
- NRG ENERGY 2.08%
- FID-MM GOVT-I 2.06%
Asset Allocation
| Weighting | Return Low | Return High | MOJCX % Rank | |
|---|---|---|---|---|
| Stocks | 97.94% | 0.00% | 133.08% | 32.56% |
| Cash | 2.06% | -33.22% | 90.14% | 62.79% |
| Preferred Stocks | 0.00% | -0.16% | 5.36% | 53.95% |
| Other | 0.00% | -29.71% | 154.73% | 69.30% |
| Convertible Bonds | 0.00% | 0.00% | 8.92% | 75.35% |
| Bonds | 0.00% | 0.00% | 106.59% | 64.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MOJCX % Rank | |
|---|---|---|---|---|
| Technology | 21.52% | 0.00% | 85.77% | 25.97% |
| Financial Services | 17.37% | 0.00% | 98.22% | 18.78% |
| Healthcare | 13.12% | 0.00% | 38.63% | 39.78% |
| Consumer Defense | 10.99% | 0.00% | 37.51% | 23.20% |
| Consumer Cyclical | 10.39% | 0.00% | 25.83% | 40.88% |
| Industrials | 7.62% | 0.00% | 23.85% | 68.51% |
| Communication Services | 5.08% | 0.00% | 21.61% | 58.01% |
| Energy | 4.96% | 0.00% | 60.89% | 55.80% |
| Real Estate | 4.44% | 0.00% | 99.45% | 40.33% |
| Basic Materials | 2.36% | 0.00% | 56.73% | 72.38% |
| Utilities | 2.17% | 0.00% | 91.12% | 66.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MOJCX % Rank | |
|---|---|---|---|---|
| US | 97.94% | 0.00% | 133.08% | 32.09% |
| Non US | 0.00% | -1.94% | 37.95% | 58.60% |
MOJCX - Expenses
Operational Fees
| MOJCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.80% | 0.45% | 10.24% | 6.51% |
| Management Fee | 1.00% | 0.00% | 1.50% | 73.49% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 85.92% |
| Administrative Fee | N/A | 0.05% | 0.70% | 35.00% |
Sales Fees
| MOJCX 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% | 1.00% | N/A |
Trading Fees
| MOJCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | 75.64% |
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.
| MOJCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 400.00% | 1.75% | 441.00% | 97.67% |
MOJCX - Distributions
Dividend Yield Analysis
| MOJCX | Category Low | Category High | MOJCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 24.95% | 93.02% |
Dividend Distribution Analysis
| MOJCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MOJCX | Category Low | Category High | MOJCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.76% | -2.01% | 13.72% | 99.07% |
Capital Gain Distribution Analysis
| MOJCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2019 | $0.446 | CapitalGainShortTerm |
| Dec 26, 2018 | $0.570 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.498 | CapitalGainShortTerm |
| Mar 30, 2017 | $0.014 | OrdinaryDividend |
MOJCX - Fund Manager Analysis
Managers
Jeffrey Thompson
Start Date
Tenure
Tenure Rank
Dec 23, 2016
5.44
5.4%
Jeff is President and CEO of W.E. Donoghue & Co., LLC. He is a principal and corporate officer as well as a member of W.E. Donoghue & Co., LLC's Investment Policy Committee. As part of Jeff's responsibilities on the investment committee he leads in the design and maintenance of the technical asset allocation models applied to the high yield asset class and equity rotation strategies. In addition, he has been instrumental in collaborating with Standard and Poor’s and S-Network in the design of the custom indices being offered by WEDCO for which the SMA investment portfolios are predicated upon. He is also a co-portfolio manager to the Power Funds suite of 40 Act mutual funds, of which W. E. Donoghue & Co. LLC is the Advisor. Jeff had worked as an Account Executive for national and super regional firms Lehman Brothers, Gruntal & Co., and Cowen & Co. from 1992-1996. There he worked with individual investors, as well as institutional investors, recommending and trading individual securities. Further, BTS Asset Management employed Jeff from 1996-1998 as a Regional Vice President providing investment advisory services to institutional clients.
Richard Molari
Start Date
Tenure
Tenure Rank
Dec 23, 2016
5.44
5.4%
Rick is the Chief Operating Officer of W.E. Donoghue & Co. LLC. He is a principal, corporate officer as well as a member of W.E. Donoghue & Co., LLC's Investment Policy Committee. As part of Rick's responsibilities on the investment committee he is involved in the design and maintenance of the technical asset allocation models applied to the high yield asset class and equity rotation strategies. He is also a co-portfolio manager to the Power Funds suite of 40 Act mutual funds, of which W. E. Donoghue & Co. LLC is the Advisor. Rick is an accomplished investment management operations and global trading specialist with over fifteen years of industry experience. He has extensive knowledge of international equity, fixed income and currency markets as well as back and middle office operations, portfolio accounting and compliance regulations. Rick joined W.E. Donoghue & Co., LLC in 2014 to manage the trading and operations team. Prior to his current role, Rick spent nine years at a multi-billion dollar Boston based global hedge fund, trading international equities and managing trade operations. He started his professional career in fund accounting and back office administration with State Street Global Advisors and later BISYS Hedge Fund Services Inc. Rick holds a dual Bachelor's of Science degree from Northeastern University in Finance and Entrepreneurship. He is currently an active member of the CFA Institute, the Boston Security Analysts Society and the Boston Securities Traders Association.
John Forlines
Start Date
Tenure
Tenure Rank
Oct 30, 2018
3.59
3.6%
John A. Forlines III is Chief Investment Officer at W.E. Donoghue and a member of the Investment Committee. In addition to his leadership as a portfolio manager, Mr. Forlines is an Executive in Residence in the Department of Economics at Duke where he teaches classes in behavioral finance and decision making. Mr. Forlines enjoyed a long career with J.P. Morgan from 1985-2000, serving various roles within the firm, including Vice President of Structured Products, Co-Head of the U.S. Private Equity Group, Managing Director in the Securities Business Development Group and Managing Director and Co-Head of U.S. Tech, Media & Telecom Investment Banking. Mr. Forlines is admitted to the practice of law in the State of New York; before his career at JP Morgan his legal work specialized in structured debt and equity products. Graduating from Duke University with Honors in English and Economics, Mr. Forlines has also earned his J.D from the Duke University School of Law.
Nicholas Lobley
Start Date
Tenure
Tenure Rank
Dec 09, 2019
2.48
2.5%
Mr. Lobley was promoted to Portfolio Manager of W.E. Donoghue & Co., LLC in 2019. Mr. Lobley was previously promoted to Senior Research Analyst in 2018 after joining the firm as Analyst in 2018. Prior to joining W.E. Donoghue & Co., Mr. Lobley was an Analyst with JAForlines Global, an independent investment adviser, since 2017. From 2016 to 2017, Mr. Lobley was an Associate with Paley Advisors, LLC. Mr. Lobley holds a Bachelor of Arts in Economics from Oberlin College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.83 | 6.69 | 13.0 |
