CFDAX — Adaptive Fundamental Growth Fund
Data updated: 2021-10-26
CFDAX — Adaptive Fundamental Growth Fund. Emerging Markets Multi-Cap / All-Cap Growth Equity · $71.30M AUM. Holdings, fees, performance and SEC filings.
CFDAX Fund Overview
CFDAX — Adaptive Fundamental Growth Fund is a US mutual fund managed by Starboard Investment Trust, categorised as Emerging Markets Multi-Cap / All-Cap Growth Equity. 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: Emerging Markets Multi-Cap / All-Cap Growth Equity
- Assets under management: $71.30M
- Ticker: CFDAX
- SEC CIK: 0001464413
- SEC series ID: S000042648
- Share class ID: C000200111
CFDAX Investment Objective and Strategy
Adaptive Fundamental Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Starboard Investment Trust.
Investment objective
"The Cavalier Fundamental Growth Fund (the ""Fund"") seeks capital appreciation."
Principal investment strategy
"The Fund's portfolio manager seeks to achieve the Fund's investment objective of capital appreciation by principally investing in stocks that the portfolio manager believes to have above-average growth potential relative to their peers. The portfolio manager uses a proprietary screening system that incorporates quantitative and fundamental analysis in order to construct the Fund's portfolio. The Fund is considered ""diversified"" under the Investment Company Act of 1940, as amended (the ""1940 Act""). The Fund invests principally in common stocks and is not limited in its investments by market capitalization. The Fund's investments may be issued by both domestic and foreign companies, and investments may be made directly in foreign markets, including emerging markets, as well as indirectly through exchange-traded funds and American Depository Receipts (ADRs).
The portfolio manager deems an issuer to be foreign if it is an issuer of securities for which a U.S. market is not the principal trading market. To the extent the Fund invests in ADRs, it may invest in ADRs sponsored by the issuers of the underlying securities or ADRs not sponsored by the issuers. The screening system for the Fund is composed of three steps. The first step employs quantitative analysis of market and individual stock statistics in order to rank stocks by different measures of risk and reward. Second, screens based on fundamental variables are applied to the highest ranked stocks, those found to have encouraging risk/reward measures. This step seeks to highlight investment opportunities by evaluating companies in light their profit margins, earnings growth, and the ratio of price to expected future earnings.
Third, the Advisor uses a self-developed model to try to design a risk-adjusted portfolio that is diversified across sectors and industries. The portfolio manager may sell a portfolio security when its reward/risk measures weaken, the fundamentals of the stock change, to pursue opportunities that the portfolio manager believes will be of greater benefit to the Fund, or to rebalance the Fund's portfolio. As a result of its 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."
CFDAX Costs and Fees
CFDAX costs about $152 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.52%
- Gross expense ratio: 1.91%
- Portfolio turnover: 148%
- Brokerage commissions: 5.67 bps of average net assets (SEC N-CEN)
CFDAX Cashflows
Over the 12 months to 2021-08, Adaptive Fundamental Growth Fund had net inflows of $45.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-08 | −$680.43K |
| 2021-07 | $8.48M |
| 2021-06 | $359.21K |
| 2021-05 | $1.33M |
| 2021-04 | $2.60M |
| 2021-03 | $2.62M |
CFDAX Debt Constituents
No individual debt constituents are reported in Adaptive Fundamental Growth Fund's latest SEC N-PORT filing.
CFDAX Prospectus and SEC Filings
Official Adaptive Fundamental Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-10-13
- 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
Related Funds
Other Emerging Markets Multi-Cap / All-Cap Growth Equity 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.