Address And Details
1776-A S Naperville Rd, Ste 100 , Wheaton, IL 60187 | |
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Fund Manager | Robert S. Bacarella |
Manager Tenure | 36 Years |
Strategy And Objective
The Monetta Fund seeks long-term capital growth.he Monetta Fund invests (at the time of investment) at least 65% of its net assets, under normal market conditions, in common stocks of companies of all market capitalization ranges, although Monetta Financial Services, Inc. (the Adviser ) expects that the Fund will primarily invest in common stocks of large-cap companies (those with market capitalizations of at least $10 billion measured at the time of investment). The Fund may invest in more volatile sectors, which could result in a disproportionate return or loss compared to the S&P 500 Index, the Fund s benchmark. As measured at the time of investment, the Fund may invest up to 5% of its net assets in exchange-traded funds ( ETFs ) and up to 10% of its net assets in foreign stocks, which is accomplished primarily through American Depositary Receipts ( ADRs ).The Adviser employs a bottom-up, multi-faceted investment approach, which combines fundamental, technical, and macro-economic factors in its stock selection process. A stock s relative volatility, versus that of its industry sector and the overall market, aids the Adviser in determining individual stocks buy and sell points. The Adviser s investment decisions for the Monetta Fund s growth style of investing are based on the Adviser s review of a company s financial statements and other factors, including competitive landscape and recent product announcements. The Adviser also reviews quarterly earnings reports with an emphasis on management guidance. The Adviser generally seeks to invest in companies with positive long-term earnings growth expectations and that the Adviser believes have favorable short-term technical and/or market factors, including price and volume trends, relative strength, and institutional interest. The Adviser seeks to invest in quality companies that have demonstrated a proven track record of earnings growth. The Adviser also emphasizes price direction, volume, and relative strength, which it believes to be harbingers of pending fundamental changes that could lead to more/less institutional ownership.Depending on market conditions and the foregoing considerations, the Adviser may at times be very active in turning over the Fund s portfolio. The Adviser s investment decisions for the Fund s growth style of investing are based on the Adviser s determination that a company s revenue and earnings growth have the potential to exceed market expectations and that the security is at an attractive entry point. The Fund may make short-term investments, without limitation, for defensive purposes, which may provide lower returns than other types of investments. From time to time, the Fund may focus its investments in a particular sector, including the technology sector.
Equity Sector Breakdown
Technology | 44.26% | |
RetailTrade | 12.30% | |
Finance | 10.54% | |
Health | 8.77% | |
IndustrialCyclical | 5.93% | |
ConsumerDurables | 4.83% | |
NonDurables | 3.98% | |
Utilities | 0.96% | |
Services | 0.95% | |
Energy | n/a |
Asset Allocation
Asset Type | % Of Allocation | |
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Stocks | 94.29% | |
ForeignStocks | 0.82% | |
Cash | 0.00% | |
Bonds | 0.00% | |
Preferred | 0.00% | |
Convertible | 0.00% | |
ForeignBonds | 0.00% | |
ForeignHedged | 0.00% | |
Other | -0.16% |
Total Net Assets | 69.66 M |
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Risk Measures
Criteria | 3 Years | 5 Years | 10 Years |
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Alpha | -2.33 | -2.16 | -2.49 |
Beta | 1.07 | 1.07 | 1.07 |
R Squared | 0.91 | 0.92 | 0.90 |
Std Deviation | 21.04 | 18.37 | 15.34 |
Sharpe Ratio | 0.64 | 0.68 | n/a |
Purchase Information
as of 5:01 PM ET 05/17/2022Minimum Initial | $1000 |
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Minimum Additional | $0 |
Minimum Initial IRA | $1000 |
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 |
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1 Year |
|
|
-10.79% | +4.59% |
3 Year |
|
|
+11.81% | +17.23% |
10 Year |
|
|
+11.55% | +12.28% |
Life Of Fund |
|
|
+8.34% | +8.69% |
Top 10 Holdings
Symbol | Company Name | % Of Assets |
---|---|---|
GOOG | ALPHABET INC CLASS C | 7.21% |
NVDA | NVIDIA CORP | 6.98% |
AAPL | APPLE INC | 6.74% |
AMZN | AMAZON COM INC | 6.72% |
MSFT | MICROSOFT CORP | 5.98% |
CASH | TOTAL*MONEY MARKET | 5.86% |
GS | GOLDMAN SACHS GROUP INC | 4.54% |
AMD | ADVANCED MICRO DEVICES INC | 4.27% |
F | FORD MOTOR CO | 3.45% |
COST | COSTCO WHOLESALE CORP | 3.37% |