AEQIX — Ascendant Deep Value Bond Fund

AEQIX Fund Overview

AEQIX — Ascendant Deep Value Bond Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as Developed ex-US Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Northern Lights Fund Trust
• Category: Developed ex-US Value Equity
• Assets under management: $35.40M
• Ticker: AEQIX
• SEC CIK: 0001314414
• SEC series ID: S000032988
• Share class ID: C000101766

AEQIX Investment Objective and Strategy

Ascendant Deep Value Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.

Investment objective

The Fund seeks total return from income and growth of capital.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings) in bonds. The Fund invests in a diversified portfolio of convertible securities that the adviser believes are undervalued. The securities in the portfolio may be issued by U.S. or foreign companies, without restriction as to issuer country, market capitalization or maturity. The securities are purchased without restriction as to credit quality, including those with below investment grade credit quality, commonly known as junk bonds. Such securities are considered speculative investments that carry greater risk of default. The Fund invests in income-producing securities, including convertible securities and other fixed income securities such as bills, notes, bonds, similar debt obligations and convertible debt issued by the United States Government, its agencies or instrumentalities.

Derivative investments (options) may be used by the adviser for hedging purposes or for speculative purposes. The Fund may sell securities short, write options, or leverage its assets through borrowings for investment purposes. The adviser will select securities for the Fund based upon its determination that the securities are attractively valued based upon one or more of several factors such as: the credit quality of the underlying company, the yield to maturity/put, the equity sensitivity of the security, and the relative attractiveness of the underlying equity. The adviser may sell a security based on its performance, new research or when the underlying investment thesis has deteriorated.

AEQIX Costs and Fees

AEQIX costs about $340 per $10,000 invested per year in fund expenses.

• Net expense ratio: 3.40%
• Gross expense ratio: 3.40%
• Portfolio turnover: 100%
• Brokerage commissions: 6.83 bps of average net assets (SEC N-CEN)

AEQIX Cashflows

Over the 12 months to 2020-03, Ascendant Deep Value Bond Fund had net inflows of $2.95M, from monthly SEC N-PORT filings.

AEQIX Debt Constituents

No individual debt constituents are reported in Ascendant Deep Value Bond Fund's latest SEC N-PORT filing.

AEQIX Prospectus and SEC Filings

Official Ascendant Deep Value Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-02-03
• Prospectus (485BPOS) — filed 2019-02-01
• Prospectus (485BPOS) — filed 2018-02-05
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Annual census (N-CEN) — filed 2019-12-16
• Annual census (N-CEN) — filed 2018-12-14

Related Funds

Other Developed ex-US Value Equity funds tracked on ABC INVEST:

• ICON International Equity Fund (IIQCX)
• Counterpoint Long-Short Equity Fund (CPQAX)
• Amana Equity Income ETF (AMEI)
• Aristotle Multi-Sector Income ETF (ARMS)
• Integrity Dividend Harvest ETF (DIVH)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.