| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 11.00 | 0.06 (+0.55%) | 9.09 - 11.07 | 0.0 |
Market data as of 6:05PM 06/18/13. Quotes are delayed by at least 15 min.
The investment seeks capital appreciation. The fund seeks to achieve superior risk adjusted returns with a moderate correlation to the U.S. equity markets by investing in equity and debt instruments in the three categories: Distressed Companies, Merger Arbitrage Securities and Special Situations/Undervalued Securities. Such investments can be either long or, to a lesser degree, short positions and can utilize a limited amount of leverage.
| Total Return | 4.04% |
|---|---|
| Yield (Trailing 12 Mo.) | 1.31% |
| Expense Ratio | 2.75% |
| Front Load | 5.75% |
| Deferred Load | None |
| Minimum Investment | $10,000 |
| Management Tenure | 8 Years |
| Fund Inception | 11/03/2003 |
| Timeframe | FMRAX | S&P 500 | Moderate Allocation |
|---|---|---|---|
| 1 Month | 3.01% | 2.34% | 0.36% |
| 3 Month | 6.52% | 8.22% | 4.03% |
| Year-to-Date | 11.28% | 15.37% | 7.80% |
| 1 Year | 22.52% | 27.28% | 17.11% |
| 3 Year | 8.78% | 16.87% | 10.75% |
| 5 Year | -0.18% | 5.43% | 4.29% |
| 10 Year | -- | 7.58% | 6.41% |
| Since Inception | 4.04% | 10.42% | -- |
| Basic Materials | 0.47% | |
|---|---|---|
| Consumer Cyclical | 10.98% | |
| Financial Services | 15.90% | |
| Real Estate | 5.79% | |
| Consumer Defensive | 15.13% | |
| Healthcare | 1.78% | |
| Utilities | 0.35% | |
| Communication Services | 1.65% | |
| Energy | 19.79% | |
| Industrials | 10.35% | |
| Technology | 17.80% |
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | 0.00 | 40.22 | 40.22 | ||
| Bond | 0.42 | 8.03 | 7.61 | ||
| Other | 0.08 | 2.73 | 2.64 | ||
| Foreign Stock | 0.00 | 20.31 | 20.31 | ||
| Foreign Bond | 0.00 | 6.20 | 6.20 | ||
| Total | 0.50 | 77.49 | 76.98 | ||
| Cash | 0.00 | 20.04 | 20.04 | ||
| Total Net Assets | $59.77M |
|---|---|
| Total Stock Holdings | 52 |
| Total Bond Holdings | 21 |
| Company | YTD Return | % of Assets |
|---|---|---|
| HII | 26.12% | 3.49% |
| Texas Competitive Electric Hol | -- | 2.97% |
| Nortel Networks Corp New Cv 1.75% | -- | 2.86% |
| XRX | 31.34% | 2.68% |
| Amer Airls 144A 7.5% | -- | 2.64% |
| DOCHZ | -- | 2.64% |
| WPX | 32.80% | 2.52% |
| Plains Exploration & Production Company | 4.18% | 2.05% |
| Clear Channel Communications I | -- | 2.04% |
| LO | 13.94% | 2.00% |
| Valuation | FMRAX | Category Range |
|---|---|---|
| Price/Earnings | 9.68 | |
| Price/Book | 1.36 | |
| Price/Sales | 0.73 | |
| Price/Cash Flow | 7.05 | |
| Dividend Yield | 2.86 | |
| LT Earnings | 8.66 | |
| Historical Earnings | ||
| Sales Growth | -2.94 | |
| Cash-Flow Growth | -6.36 | |
| Book-Value Growth | -1.48 |
| Management Style | |||
|---|---|---|---|
| Large Cap | |||
| Medium Cap | |||
| Small Cap | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Above Avg | |
| Return | Low |
| Pretax Return | 8.78% |
|---|---|
| Tax-adjusted Return | 5.40% |
| Tax Cost Ratio | 1.18% |
| Potential Cap Gains | -244.17% |
