ATAFX — American Trust Allegiance Fund

Data updated: 2023-07-17

ATAFX — American Trust Allegiance Fund. Emerging Markets Real Estate · $24.45M AUM · 1.29% expense ratio. Holdings, fees, performance and SEC filings.

ATAFX Fund Overview

ATAFX — American Trust Allegiance Fund is a US mutual fund managed by Advisors Series Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US mutual fund
  • Manager: Advisors Series Trust
  • Category: Emerging Markets Real Estate
  • Assets under management: $24.45M
  • 1-year return: 0.1%
  • Ticker: ATAFX
  • SEC CIK: 0001027596
  • SEC series ID: S000000021
  • Share class ID: C000000034

ATAFX Investment Objective and Strategy

American Trust Allegiance Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors Series Trust.

Investment objective

"The American Trust Allegiance Fund (the ""Fund"") seeks capital appreciation."

Principal investment strategy

"The Advisor selects principally domestic and foreign stocks for the Fund's portfolio that it expects will appreciate in value over the long term. Under normal market conditions, the Fund will invest at least 85% of its net assets (plus any borrowings for investment purposes) in foreign and domestic equity securities including both long and short positions. Short positions are limited to 10% of the Fund's net assets. The Advisor uses a ""bottom up"" approach to stock investing and does not attempt to forecast the U.S. economy, interest rates, inflation or the U.S. stock market. The Advisor focuses on finding companies that meet its financial criteria, including either a history of consistent earnings and revenue growth or strong prospects of earnings and revenue growth, and a strong balance sheet.

With respect to long equity positions, the Advisor purchases the securities of a company with the intention of holding them, under normal circumstances, for a minimum of three years. The Advisor typically purchases securities of companies which demonstrate leadership, operating momentum and strong prospects for annual growth rates of 10% or better. The Advisor may decide to sell a security due to changes in fundamentals, such as marked deceleration in earnings growth, decline in revenues or deterioration of the balance sheet, or a change in a company's valuation or competitive position. Normally, the companies in which the Fund invests represent nine major economic or market sectors: consumer discretionary, consumer staples, energy, financial services, technology, industrials, utilities, telecommunications, and materials.

The Fund may have significant exposure to one or more of these sectors. For example, as of February 28, 2018, 37% of the Fund's net assets were invested in securities within the manufacturing sector. The Fund may also invest up to 25% of its net assets in real estate investment trusts (""REITs""). The Fund avoids investments in companies that have significant involvement in the tobacco, pharmaceuticals, biotechnology, medical diagnostic services and products, gambling and liquor industries, although the Fund may engage in short sales of these companies. While the Fund may invest in or sell short a company that conducts operations in one of these industries, the Fund will not invest in such a company unless current revenues from these industries represent less than 5% of the total revenues of the company at the time of investment.

The majority of companies in which the Fund invests will have no operations in these industries. The Advisor expects that the Fund's portfolio will generally consist predominantly of mid- and large-capitalization stocks, but in some market environments small-capitalization stocks may constitute a large portion of the Fund's portfolio. The Advisor considers a small-capitalization stock to be one with a market capitalization of less than $1 billion at the time of investment; a mid-capitalization stock to be one with a market capitalization of between $1 billion and $10 billion at the time of investment; and a large-capitalization stock to be one with a market capitalization of more than $10 billion at the time of investment. The Fund may invest up to 40% of its net assets in foreign companies, including up to 30% of the Fund's net assets in emerging markets, through U.S.

listed securities, depositary receipts, such as, American Depositary Receipts (""ADRs""), or through purchases on foreign exchanges."

ATAFX Performance

Total returns for ATAFX (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year0.1%
3 years (annualised)14.6%

ATAFX Risk Information

Risk metrics for ATAFX, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 21.1%

ATAFX Costs and Fees

ATAFX costs about $129 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.29%
  • Gross expense ratio: 1.89%
  • Portfolio turnover: 14%
  • Brokerage commissions: 5.20 bps of average net assets (SEC N-CEN)

ATAFX Cashflows

Over the 12 months to 2023-05, American Trust Allegiance Fund had net inflows of $4.18M, from monthly SEC N-PORT filings.

MonthNet flow
2023-05$269.08K
2023-04$727.61K
2023-03$369.22K
2023-02$201.89K
2023-01$112.45K
2022-12$599.15K

ATAFX Debt Constituents

No individual debt constituents are reported in American Trust Allegiance Fund's latest SEC N-PORT filing.

ATAFX Prospectus and SEC Filings

Official American Trust Allegiance Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

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.