CADTX — Adaptive Hedged Multi-Asset Income Fund
Data updated: 2021-10-26
CADTX — Adaptive Hedged Multi-Asset Income Fund. Bond · $22.70M AUM · 1.36% expense ratio · 2.2% 1-yr return. Holdings, fees, performance and SEC filings.
CADTX Fund Overview
CADTX — Adaptive Hedged Multi-Asset Income Fund is a US mutual fund managed by Starboard Investment Trust, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Starboard Investment Trust
- Category: Bond
- Assets under management: $22.70M
- 1-year return: 2.2%
- Ticker: CADTX
- SEC CIK: 0001464413
- SEC series ID: S000026514
- Share class ID: C000079607
CADTX Investment Objective and Strategy
Adaptive Hedged Multi-Asset Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Starboard Investment Trust.
Investment objective
"The Cavalier Adaptive Income Fund (the ""Fund"") seeks total return through a combination of capital appreciation and current income."
Principal investment strategy
"The Fund's portfolio managers seek to achieve the Fund's investment objective of total return by investing primarily in fixed income securities. These investments may include mortgage backed securities, asset backed securities, commercial mortgage backed securities, non-agency mortgage backed securities, corporate investment grade securities, convertible securities, high yield, high risk bonds (commonly known as ""junk bonds""), securities issued or guaranteed by certain U.S. Government agencies, instrumentalities and sponsored enterprises, preferred securities, and global debt securities. The Fund may invest in corporate high-yield (high risk) instruments rated below investment grade (commonly referred to as ""junk bonds"") with up to 15% of the Fund's assets. Below investment grade securities are securities that are rated below BBB- by S&P Global Ratings or Baa3 by Moody's Investors Service, Inc.
, or are comparably rated by another Nationally Recognized Statistical Rating Organization (""NRSRO"") or, if unrated, determined by the Advisor to be of comparable quality. The Fund may invest in fixed income securities of any maturity and any credit rating, including junk bonds, bonds of issuers in default, and unrated bonds. The fixed income securities in which the Fund invests do not have an established average portfolio duration and the average portfolio durations will vary. The Fund will not be limited in its investments by sector criteria, and may invest in foreign securities, including foreign securities in emerging markets. The portfolio managers will sell a portfolio security when a more attractive investment opportunity is identified, or the Fund's portfolio needs to be rebalanced.
As a result of this strategy, the Fund may have a relatively high level of portfolio turnover compared to other mutual funds, which may affect the Fund's performance due to higher transactions costs and higher taxes. Portfolio turnover will not be a limiting factor in making investment decisions."
CADTX Performance
Total returns for CADTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.2% |
CADTX Risk Information
Risk metrics for CADTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
CADTX Costs and Fees
CADTX costs about $136 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.36%
- Gross expense ratio: 1.97%
- Portfolio turnover: 149%
- Brokerage commissions: 5.27 bps of average net assets (SEC N-CEN)
CADTX Cashflows
Over the 12 months to 2021-08, Adaptive Hedged Multi-Asset Income Fund had net inflows of $47.12M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-08 | −$215.43K |
| 2021-07 | −$581.20K |
| 2021-06 | $646.11K |
| 2021-05 | $779.96K |
| 2021-04 | $2.28M |
| 2021-03 | $3.50M |
CADTX Debt Constituents
No individual debt constituents are reported in Adaptive Hedged Multi-Asset Income Fund's latest SEC N-PORT filing.
CADTX Prospectus and SEC Filings
Official Adaptive Hedged Multi-Asset Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-01-20
- Prospectus (485BPOS) — filed 2019-10-03
- Prospectus supplement (497) — filed 2021-09-23
- Portfolio holdings (N-PORT) — filed 2021-10-26
- Portfolio holdings (N-PORT) — filed 2021-07-29
- Portfolio holdings (N-PORT) — filed 2021-04-27
- Annual census (N-CEN) — filed 2021-08-10
- Annual census (N-CEN) — filed 2020-08-13
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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.