Ranger Quest For Income And Growth Fund
Data updated: 2020-12-21
C000107615 — Ranger Quest For Income And Growth Fund. Emerging Markets Real Estate · $8.09M AUM. Holdings, fees, performance and SEC filings.
C000107615 Fund Overview
Ranger Quest For Income And Growth Fund is a US mutual fund managed by Spend Life Wisely Funds Investment 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: Spend Life Wisely Funds Investment Trust
- Category: Emerging Markets Real Estate
- Assets under management: $8.09M
- SEC CIK: 0001524348
- SEC series ID: S000033852
- Share class ID: C000107615
C000107615 Investment Objective and Strategy
Ranger Quest For Income And Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Spend Life Wisely Funds Investment Trust.
Investment objective
The Fund seeks long-term growth of capital while providing current income.
Principal investment strategy
"The Fund seeks income by investing globally in a range of securities, primarily equities, which provide current income combined with the potential for capital appreciation. The Fund invests primarily, but not exclusively, in income-producing (1) common stocks, (2) preferred stocks, including convertible securities (3) publicly traded partnerships, including but not limited to master limited partnerships (""MLPs"") and (4) common shares of real estate investment trusts (""REITs""). The Fund may also invest in fixed income securities of any maturity or credit quality, including high yield bonds rated below BBB- by S&P or Fitch or Baa by Moodys (commonly known as ""junk bonds""). The fund invests without restriction as to issuer country, capitalization or currency. The Fund's adviser seeks to achieve the Fund's investment objective by investing globally (including in emerging markets) primarily in a variety of income-producing securities that the adviser believes have attractive yields, and in the case of common stocks, the potential for dividend growth.
The adviser employs a bottom-up, fundamentals-based investment approach to security selection. The adviser selects stock of issuers that it believes are stable and industry- or region-leading companies. The adviser selects fixed income securities that it believes have the highest expected return among issuers of similar credit quality. The adviser's investment philosophy seeks domestic and international investment candidates characterized by (i) attractive yield, (ii) quality and (iii) financial strength. The adviser screens the equity and fixed income universe on the basis of quantitative valuation criteria which seek to identify companies with attractive yields which have shown the ability to maintain and grow their dividends or make interest payments through diverse economic environments.
This set of securities is narrowed by eliminating those securities which have not historically been able to demonstrate sustained dividend growth or interest and principal repayment over a full economic cycle. Companies with above-average fundamental valuation are further analyzed for financial stability and quality to determine whether they merit investment. The adviser evaluates quality using quantitative factors such as return on equity, return on assets and earnings consistency. Qualitative factors include quality of the management team, shareholder orientation, industry position, investment strategy and growth potential. The adviser evaluates financial strength by estimating the ability of a company to meet its financial needs and obligations such as capital investment, working capital demands, research expense, debt payments and dividends and stock buybacks.
The adviser selects securities of the highest ranking issuers based on the filters of yield, quality and financial strength. The adviser sells a security if the adviser believes it is overvalued, more attractive candidates arise, or if there is a substantial, long term reduction in a company's fundamental prospects that may impair its value."
C000107615 Costs and Fees
C000107615 costs about $164 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.64%
- Gross expense ratio: 2.18%
- Portfolio turnover: 32%
- Brokerage commissions: 8.16 bps of average net assets (SEC N-CEN)
C000107615 Cashflows
Over the 12 months to 2020-10, Ranger Quest For Income And Growth Fund had net outflows of $4.64M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-10 | −$96.77K |
| 2020-09 | $65.12K |
| 2020-08 | −$122.96K |
| 2020-07 | −$407.34K |
| 2020-06 | −$32.44K |
| 2020-05 | −$2.02M |
C000107615 Debt Constituents
No individual debt constituents are reported in Ranger Quest For Income And Growth Fund's latest SEC N-PORT filing.
C000107615 Prospectus and SEC Filings
Official Ranger Quest For Income And Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-12-10
- Prospectus (485BPOS) — filed 2018-12-18
- Prospectus (485BPOS) — filed 2017-12-15
- Portfolio holdings (N-PORT) — filed 2020-12-21
- Portfolio holdings (N-PORT) — filed 2020-09-30
- Portfolio holdings (N-PORT) — filed 2020-06-23
- Annual census (N-CEN) — filed 2020-10-13
- Annual census (N-CEN) — filed 2019-10-11
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.