Performance
Trailing returns
| 1 day | +0.10% |
| |||
| 1 week |
| -0.30% | |||
| 4 week | +1.22% |
| |||
| 3 month | +2.36% |
| |||
| YTD | +3.21% |
| |||
| 1 year | +8.18% |
| |||
| 3 years* | +4.47% |
| |||
| 5 years* | +2.29% |
| |||
| *annualised | |||||
| Best 3-month return | +5.24% | |
| Worst 3-month return | -5.76% |
Morningstar statistics
Morningstar category: Multisector Bond
| Return | Risk | Rating | |
| 3 years | Low | Average |
 
|
| 5 years | Low | Low |
|
| 10 years | - | - | - |
| Overall | Low | Below Average |
|
Morningstar style Learn more
| Large | |||
| Mid | |||
| Small | |||
| Value | Blend | Growth |
Key statistics
| Total assets | 112.15M | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 2.32% | |
| Management fee | - | |
| Fund family | Changing Parameters, LLC |
Asset allocation
| Cash | -2.33% | |
| Stocks | 0.99% | |
| Bonds | 96.34% | |
| Preferred | 1.23% | |
| Convertible | 0.22% | |
| Other | 3.54% |
Purchase information
| Initial | $2,500 | |
| Additional | $100 | |
| AIP Initial | $2,500 | |
| AIP Additional | $100 |
9.97-0.01(-0.10%)
May 17, 4:00pm GMT-4
Overall Morningstar RatingTM
Description
The investment seeks total return. The fund seeks to achieve its investment objective by investing primarily in a combination of long and short positions in equity and fixed income securities (which may include common stocks, bonds, preferred stocks, shares of open-end and closed-end investment companies and exchange-traded funds ("ETFs"), futures contracts, options on futures contracts and U.S. Treasury instruments). It typically invests in U.S. Treasuries with maturities of any duration, or their derivatives, and the fund's allocation of its investments between the equity and fixed income market segments may vary without limitation. It is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Howard Smith (Started: Oct 18, 2006)
Robert Levenson (Started: Oct 18, 2006)
Howard Smith (Started: Oct 18, 2006)
Robert Levenson (Started: Oct 18, 2006)
Changing Parameters, LLC, 250 Oak Grove Avenue,Suite A, Menlo Park,California 94025, USA
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 6.82 | 4.13 | 1.72 | - | |
| Beta* | 0.16 | -0.24 | 0.07 | - | |
| Mean annual return | 0.63 | 0.25 | 0.20 | - | |
| R-squared* | 3.04 | 1.56 | 0.34 | - | |
| Standard deviation | 1.85 | 4.67 | 4.39 | - | |
| Sharpe ratio | 4.00 | 0.61 | 0.48 | - | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| PIMCO Income Instl | 15.06% | |
| BlackRock High Yield Bond Instl | 11.15% | |
| Lord Abbett Floating Rate I | 9.94% | |
| TCW Total Return Bond I | 9.82% | |
| PIMCO High Yield Instl | 9.24% | |
| SEI Instl Intl Tr Emerging Markets Dbt A | 6.64% | |
| Nuveen High Income Bond I | 6.56% | |
| Transamerica High Yield Bond I | 6.40% | |
| RidgeWorth High Income I | 6.32% | |
| DoubleLine Total Return Bond I | 5.71% |