CACTX — Cornerstone Advisors Core Plus Bond Fund
Data updated: 2021-09-28
CACTX — Cornerstone Advisors Core Plus Bond Fund. Money Market · $363.71M AUM · 0.60% expense ratio. Holdings, fees, performance and SEC filings.
CACTX Fund Overview
CACTX — Cornerstone Advisors Core Plus Bond Fund is a US mutual fund managed by Advisors' Inner Circle Fund, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors' Inner Circle Fund
- Category: Money Market
- Assets under management: $363.71M
- 1-year return: -0.2%
- Ticker: CACTX
- SEC CIK: 0000878719
- SEC series ID: S000054982
- Share class ID: C000172941
CACTX Investment Objective and Strategy
Cornerstone Advisors Core Plus Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund.
Investment objective
"The Cornerstone Advisors Core Plus Bond Fund (the ""Core Plus Bond Fund"" or ""Fund"") seeks total return, consisting of current income and capital appreciation."
Principal investment strategy
"The Fund seeks to achieve its investment objective by allocating its assets among one or more investment strategies directly through the use of one or more sub-advisers and/or indirectly through investments in affiliated and unaffiliated open-end funds, closed-end funds, unregistered funds (principally hedge funds) and exchange-traded funds (""Underlying Funds""). The Fund invests in Underlying Funds and/or uses one or more sub-advisers to invest its assets in the following two primary investment categories: (i) U.S. fixed income securities and (ii) global fixed income securities. The Fund may, from time to time, pursue its investment objective by investing substantially all of its assets in Underlying Funds, typically referred to as a ""fund of funds"" strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds (the ""80% Investment Policy"").
The 80% Investment Policy may be changed by the Fund upon 60 days' prior written notice to shareholders. For purposes of the 80% Investment Policy, bonds include fixed income securities, derivatives and other instruments with economic characteristics similar to fixed income securities, and/or Underlying Funds which primarily invest in fixed income securities. Fixed income securities include securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities; obligations of foreign governments, foreign government agencies or supranational organizations; municipal bonds; corporate obligations; residential and commercial mortgage-backed securities and asset-backed securities; convertible securities; inflation-protected securities; bank loans (through both assignments and participations); private placements and structured notes.
The Fund may invest in securities of any maturity, duration or credit quality, including those that are rated below investment grade (""high yield"" or ""junk"" bonds), and may invest in securities of developed and emerging market issuers denominated in any currency. The Fund may invest in derivative instruments, principally options, futures contracts, options on futures contracts, forward contracts and swap agreements, to gain or hedge exposure to securities, markets, currencies or other instruments, to equitize cash positions in the Fund's portfolio, or to enhance the Fund's return, which is also known as speculation. The Fund may also invest in cash, money market instruments and other short-term obligations to achieve its investment objective. The Fund uses a multi-manager and/or multi-fund approach, relying on one or more sub-advisers and/or Underlying Funds with differing investment philosophies to manage portions of the Fund's portfolio under the general supervision of the Fund's primary investment adviser, Cornerstone Advisors, Inc.
(the ""Adviser""). The Fund allocates its assets among strategies and sub-advisers and/or Underlying Funds according to an allocation schedule determined by the Adviser. The Adviser expects to rebalance allocation weightings for each strategy, sub-adviser or Underlying Fund on an annual basis, but may do so more frequently based on market conditions, the performance of a strategy, sub-adviser or Underlying Fund, or other factors. The Adviser may change an allocation schedule based on, among other factors, the Adviser's analysis of the Fund's investment strategies, the potential for each strategy to perform independently of the other, historical performance, and market conditions. The Fund may buy and sell securities frequently in seeking to achieve its objective."
CACTX Performance
Total returns for CACTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.2% |
| 3 years (annualised) | 2.3% |
CACTX Risk Information
Risk metrics for CACTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
CACTX Costs and Fees
CACTX costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 0.60%
- Portfolio turnover: 188%
- Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)
CACTX Cashflows
Over the 12 months to 2021-07, Cornerstone Advisors Core Plus Bond Fund had net inflows of $100.62M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-07 | $6.75M |
| 2021-06 | $8.09M |
| 2021-05 | $1.48M |
| 2021-04 | $5.78M |
| 2021-03 | $9.17M |
| 2021-02 | $8.61M |
CACTX Debt Constituents
No individual debt constituents are reported in Cornerstone Advisors Core Plus Bond Fund's latest SEC N-PORT filing.
CACTX Prospectus and SEC Filings
Official Cornerstone Advisors Core Plus Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-03-20
- Portfolio holdings (N-PORT) — filed 2021-09-28
- Portfolio holdings (N-PORT) — filed 2021-06-29
- Portfolio holdings (N-PORT) — filed 2021-03-30
- Annual census (N-CEN) — filed 2021-01-14
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other Money Market 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.