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Address And Details

1290 Broadway, Suite 1100 , Denver, CO 80203
Fund Manager Charles Clough
Manager Tenure 6 Years 8 Months

Strategy And Objective

The Fund seeks to provide investors with long-term capital appreciation. The Fund seeks to achieve its investment objective primarily by taking long positions and short positions in equity securities in both U.S. and on-U.S. markets. The Fund invests primarily in a broad selection of global equity securities, including preferred stocks. Depending on the Advisers outlook, the Fund may, at times, be more heavily invested in equity securities in U.S. markets or in equity securities in other markets around the world, including securities of multinational companies. Under normal circumstances, the Fund expects to invest in securities of issuers located in at least three countries (in addition to the United States). Unless market conditions are deemed unfavorable, the Fund expects that the market value of the Funds long and short positions in securities of issuers organized or located outside the United States, issuers doing a substantial amount of business outside the United States (greater than 50% of revenues derived from outside of the United States), and, in the case of an ETF, where a majority of the securities in which the ETF invests have the foregoing characteristics, will represent at least 40% of the Funds net assets. Multinational companies include those organized or located in the United States that do substantial amount of business outside the United States. Investments in non-U.S. markets will be made primarily through securities such as common shares, depositary receipts and registered investment companies (including exchange-traded funds (ETFs). The Fund may also use derivatives, such as swaps and participation notes, in order to gain access to foreign markets. In addition to the Funds primary investment strategy, the Adviser may employ currency strategies across foreign markets, including developing/emerging markets (countries that are included in the MSCI Emerging Markets Index), using derivatives, such as forward foreign currency contracts, futures, and swaps, to seek to hedge against foreign exchange risk. The Fund will use a variety of investment techniques designed to capitalize on declines in the market prices of equity securities or declines in market indices based on the Advisers investment outlook, including by taking long and short positions. Short positions will generally not exceed 50% of the Funds net assets. The Funds net exposure (measured as the market value of long positions minus the market value of short positions) is expected to range between 20%-80% of the Funds net assets. A higher net exposure generally reflects the Advisers belief there are relatively better investment opportunities in securities that it expects to appreciate in value than in securities it expects to decline in value (and may also indicate that the Adviser has a relatively positive view of equity markets), while a lower net exposure generally reflects the reverse, although in each case other factors could also cause the Adviser to choose to increase or decrease the Funds net exposure.

Net Asset Value

as of 6:01 PM ET 05/19/2022

Performance

  • 1 Week
  • -0.20%
  • 1 Month
  • -9.41%
  • 3 Months
  • -10.81%
  • 1 Yr Return
  • -31.47%
  • 5 Yr Return
  • -1.60%

Equity Sector Breakdown

Technology 20.20%
Finance 13.97%
Health 8.75%
RetailTrade 6.40%
IndustrialCyclical 4.16%
ConsumerDurables 3.58%
NonDurables 3.01%
Services 2.27%
Energy n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 65.15%
Bonds 22.58%
Cash 11.67%
ForeignStocks 9.82%
Convertible 1.89%
Preferred 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -1.31%
Total Net Assets 3.01 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -5.79 -5.18 n/a
Beta 0.65 0.67 n/a
R Squared 0.68 0.68 n/a
Std Deviation 14.69 13.38 n/a
Sharpe Ratio 0.22 0.26 n/a

Purchase Information

as of 5:55 PM ET 05/18/2022
Minimum Initial $2500
Minimum Additional $0
Minimum Initial IRA $500

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -18.54%
  • -12.67%
-18.54% -12.67%
3 Year
  • +2.89%
  • +5.26%
+2.89% +5.26%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +2.97%
  • +3.92%
+2.97% +3.92%

Top 10 Holdings

Symbol Company Name % Of Assets
CPBD TOTAL*CORPORATE BONDS 5.29%
TSM TAIWAN SEMICONDUCTOR MANUFACT 4.17%
MU MICRON TECHNOLOGY INC 3.79%
MSFT MICROSOFT CORP 3.76%
AMZN AMAZON COM INC 3.55%
FAF.N FIRST AMERICAN FINANCIAL CORP 3.20%
RWT REDWOOD TRUST INC 3.03%
EQH EQUITABLE HOLDINGS INC 2.59%
DHI DR HORTON INC 2.20%
IFXGn.DE INFINEON TECHNOLOGIES AG 2.18%

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