Structural Analysis of an Alternative Mutual Fund

Some of the fund’s top holdings include FRN (floating-rate notes) of Apple (AAPL), JPMorgan Chase (JPM), Turquoise Hill Resources (TRQ), and Hewlett-Packard Enterprise (HPE) among others. An FRN is a debt instrument whose interest rate is tied to a benchmark such as the US Treasury bill rate or London Inter Bank Offered Rate. The fund is currently managed by Clifford Stanton from 361 Capital. The fund had a net expense ratio of 2.4% with a fund manager fee of 1.5%. A detailed study of the fund’s investment methodology and effect on the S&P 500 Index (VFINX) is given in this series.

In the next article, we’ll analyze the holdings of the AMFQX fund.

View more information: https://marketrealist.com/2016/01/structural-analysis-alternative-mutual-fund-amfqx/

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See also  https://marketrealist.com/p/biio-stock-forecast-2021/

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