INCAX Performance — James Alpha Hedged High Income Portfolio, Class A
Data updated: 2021-04-28
INCAX returned +6.14% over one year to Feb 2021. Over one year the fund trailed its US Small Value category average: $100 grew to $106, against $140 for the category. Volatility over the past 12 months was 13.12% a year. In the 12 months to Feb 2021 the fund took in a net $32.7M, and assets reached $24.56M.
INCAX Growth of $100
What $100 invested in James Alpha Hedged High Income Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | INCAX | Category average |
|---|---|---|
| 1 year (Mar 2020 – Feb 2021) | $106 | $140 |
INCAX Trailing Returns
Total returns to Feb 2021, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.14% |
3- and 5-year figures withheld: not verified.
INCAX Annual Returns
Calendar-year total returns of James Alpha Hedged High Income Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2021 (Jan–Feb) | +1.90% |
| 2020 (Mar–Dec) | +4.16% |
INCAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +1.1% | +0.8% | — | — | — | — | — | — | — | — | — | — |
| 2020 | — | — | −10.8% | +1.4% | +3.5% | +3.8% | +1.0% | +1.1% | −0.3% | +0.2% | +3.1% | +1.8% |
INCAX Risk
Risk measures from monthly returns over Mar 2020 – Feb 2021.
- 1-year volatility (annualised): 13.12%
- Best month: +3.81% (Jun 2020)
- Worst month: −10.77% (Mar 2020)
INCAX Fund Flows
Monthly money in and out of James Alpha Hedged High Income Portfolio, from SEC Form N-PORT.
- 12-month net flow: $32.7M
- 12-month gross sales (incl. reinvestments): $6.1M
- Sales ÷ redemptions: -0.23×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Feb 2021 | $309K | −$2.2M | $2.5M |
| Jan 2021 | $923K | −$2.4M | $3.3M |
| Dec 2020 | $306K | −$1.9M | $2.2M |
| Nov 2020 | $144K | −$1.0M | $1.2M |
| Oct 2020 | $257K | −$1.8M | $2.1M |
| Sep 2020 | $525K | −$1.2M | $1.7M |
| Aug 2020 | $345K | −$1.9M | $2.2M |
| Jul 2020 | $175K | −$1.7M | $1.8M |
| Jun 2020 | $245K | −$2.9M | $3.2M |
| May 2020 | $915K | −$1.4M | $2.3M |
| Apr 2020 | $832K | −$4.8M | $5.6M |
| Mar 2020 | $1.2M | −$3.3M | $4.5M |
INCAX Assets Under Management
Net assets of James Alpha Hedged High Income Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2021-02-28 | $24.56M |
| 2020-11-30 | $28.80M |
| 2020-08-31 | $31.33M |
| 2020-05-31 | $35.32M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.