RAILX — Conductor Global Equity Value Fund
Data updated: 2022-09-28
RAILX — Conductor Global Equity Value Fund. Global (incl. US) Value Equity · $63.96M AUM · 1.93% expense ratio. Holdings, fees, performance and SEC filings.
RAILX Fund Overview
RAILX — Conductor Global Equity Value Fund is a US mutual fund managed by Two Roads Shared Trust, categorised as Global (incl. US) Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Two Roads Shared Trust
- Category: Global (incl. US) Value Equity
- Assets under management: $63.96M
- 1-year return: 1.3%
- Ticker: RAILX
- SEC CIK: 0001552947
- SEC series ID: S000043622
- Share class ID: C000135247
RAILX Investment Objective and Strategy
Conductor Global Equity Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Two Roads Shared Trust.
Investment objective
The Conductor Global Equity Value Fund ( formerly called the Conductor Global Fund ) (the Fund) seeks to provide long-term risk-adjusted total return.
Principal investment strategy
The Fund normally invests at least 80% of its assets in equity securities or investments that are economically tied to equity securities. The Fund seeks to achieve its investment objective by investing under normal circumstances in a portfolio of equity securities of companies that are believed to exhibit strong fundamental attributes. The Funds investment adviser, IronHorse Capital LLC (IronHorse or the Adviser), develops the composition of the Funds portfolio using technical, fundamental and quantitative analysis to select equity securities that meet specific value-oriented criteria. The Funds investment in shares of other investment companies, including exchange-traded funds (ETFs), and derivative instruments will be counted toward the 80% policy discussed above to the extent such investments have economic characteristics similar to equity securities.
The Adviser employs a fundamentals-based quantitative factor model to attempt to identify investments that are undervalued by the market in comparison to the Advisers assessment of the investments intrinsic value. The model relies upon fundamental metrics which include, but are not limited to: cash flow generation, profitability and balance sheet metrics. Once investment opportunities meeting these fundamental criteria are identified, the Adviser employs a technical model to measure relative price trends. The technical model evaluates the momentum, pricing behavior and chart patterns of each security to trigger buy and sell decisions. No individual securities will be purchased unless all specific fundamental and technical criteria are satisfied. The Adviser will generally sell an investment whose price the Adviser believes is no longer undervalued by the market in comparison to the Advisers assessment of the investments intrinsic value, as a result of a material change in the business of the issuer or a material appreciation in the price of the security, or if the Adviser believes that a more attractive investment opportunity becomes available.
The Fund seeks to invest under normal circumstances in equity securities that are economically tied to at least three countries (one of which may be the United States). Under normal circumstances, the Fund invests at least 40% of its assets in issuers located outside the United States, unless market conditions are not deemed favorable by the Adviser, in which case the Fund would invest at least 30% of its assets in issuers located outside the United States. Equity securities in which the Fund may invest include common stocks and equity-equivalent securities or derivatives whose values are based on common stocks, such as options (stock or stock index), futures contracts (stock or stock index) and index swaps. The Fund may invest without limit in U.S. and non-U.S. dollar-denominated securities of U.S.
and foreign (non-U.S.) issuers. The Fund may invest in common stocks of large-cap companies, as well as small and mid-cap companies. The Adviser typically purchases stocks on host exchanges of a companys respective country of domicile, allowing the Fund to benefit from pure currency diversification. The Fund prioritizes managing risk exposures. When the Advisers macro analysis indicates that market risks have risen, the Fund may employ hedges such as cash, ETFs, or simple index options to preserve portfolio returns. If employed, index derivatives will represent only a portion of the Funds expected investments. The Fund may also engage in short sales of equity index ETFs and similar instruments to manage risk. The Funds typical net exposure as a percentage of the Funds assets will range from 50% net long to 100% net long.
The Fund may engage in active trading of portfolio securities to achieve its investment goal.
RAILX Performance
Total returns for RAILX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.3% |
| 3 years (annualised) | 2.9% |
RAILX Risk Information
Risk metrics for RAILX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.4%
RAILX Costs and Fees
RAILX costs about $193 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.93%
- Gross expense ratio: 1.93%
- Portfolio turnover: 85%
- Brokerage commissions: 4.83 bps of average net assets (SEC N-CEN)
RAILX Cashflows
Over the 12 months to 2022-07, Conductor Global Equity Value Fund had net inflows of $119.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | $101.87M |
| 2022-06 | $608.24K |
| 2022-05 | $7.39M |
| 2022-04 | $271.72K |
| 2022-03 | $112.56K |
| 2022-02 | $2.44M |
RAILX Debt Constituents
No individual debt constituents are reported in Conductor Global Equity Value Fund's latest SEC N-PORT filing.
RAILX Prospectus and SEC Filings
Official Conductor Global Equity Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-03-22
- Prospectus (485BPOS) — filed 2020-03-16
- Portfolio holdings (N-PORT) — filed 2022-09-28
- Portfolio holdings (N-PORT) — filed 2022-06-27
- Portfolio holdings (N-PORT) — filed 2022-03-30
- Annual census (N-CEN) — filed 2022-01-14
- Annual census (N-CEN) — filed 2021-01-13
Related Funds
Other Global (incl. US) Value 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.