WEIZX — Weiss Alternative Balanced Risk Fund
Data updated: 2024-03-28
WEIZX — Weiss Alternative Balanced Risk Fund. United States Mid Cap Blend / Core Equity · $217.89M AUM. Holdings, fees, performance and SEC filings.
WEIZX Fund Overview
WEIZX — Weiss Alternative Balanced Risk Fund is a US mutual fund managed by Series Portfolios Trust, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Series Portfolios Trust
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $217.89M
- 1-year return: 3.4%
- Ticker: WEIZX
- SEC CIK: 0001650149
- SEC series ID: S000051293
- Share class ID: C000161709
WEIZX Investment Objective and Strategy
Weiss Alternative Balanced Risk Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Series Portfolios Trust.
Investment objective
The Weiss Alternative Balanced Risk Fund (the Fund) seeks to provide returns with moderate volatility and reduced correlation to the overall performance of bond and equity markets.
Principal investment strategy
The Fund employs a balanced risk allocation strategy by investing in (1) a long-only portfolio of equity securities (the equity component), (2) a long-only portfolio of debt securities (i.e. the bond component), and (3) a diversified, multi-strategy long/short portfolio that will include equity securities, debt securities, and/or derivatives (the long/short component). To implement its strategy, the Fund may also use derivatives, such as swaps and futures on indexes, in the equity and bond components. The Funds equity and bond components consist only of securities purchased with the objective of seeking an increase in the underlying prices of such securities. The Funds equity component will, under normal circumstances, consist of domestically traded large and mid-cap equity securities that aim to approximately track price performance in the overall stock market.
The portion of the Funds overall portfolio comprised of debt securities, which are held in the bond and long/short components, will, under normal market conditions, have a weighted average maturity that exceeds 9 years and will consist primarily of investment-grade debt securities with an average credit rating in excess of A by Standard & Poors, or an equivalent quality rating from another Nationally Recognized Statistical Rating Organization. The Fund may also invest in below-investment grade debt securities (also referred to as high yield debt securities or junk bonds). The Funds long/short component consists of a combination of long securities purchased that seek to benefit from an increase in the underlying prices of such securities and short securities sold that seek to benefit from a decrease in the underlying prices of such securities.
The Funds long/short component may be characterized by sector focus, geographic definition, quantitative method, event orientation or some other dominant characteristic. The strategies employed and the allocation among them will vary over time. The common attribute of these strategies is a long/short investment approach whereby various securities or instruments are held long and others are sold short. The Adviser, therefore, applies moderate leverage (i.e., borrowed capital to increase investment exposure) to the long/short component in an effort to enhance absolute returns. In addition, in order to take advantage of certain opportunities in the securities markets, the Fund may engage in active and frequent trading with respect to the long/short component. The Adviser seeks to allocate assets to each of the three components based on the Advisers assessment of each components expected contribution to the Funds overall portfolio risk.
The Adviser utilizes the historical price return and volatility (among other proprietary measures) of each component in order to estimate a components risk contribution. Although there is no requirement to invest a specific percentage of the Funds assets in a particular component, it is generally expected that a larger percentage of the Funds assets will be allocated to low risk asset classes (i.e. those that comprise the bond component) than to higher risk asset classes (i.e. those that comprise the equity component). Given that the Adviser seeks to allocate assets to each individual component according to its risk contribution (as measured by its historical price return and volatility), the Funds allocation of assets to each of the equity component, the bond component, and the long/short component can fluctuate widely.
The equity securities that comprise the Funds equity component may at any time include positions in U.S. common, preferred or convertible securities of large or mid- capitalization issuers; securities of other investment companies, including exchange-traded funds (ETFs); depositary receipts, including American Depositary Receipts (ADRs), and derivatives, such as swaps and futures on indexes. The equity securities that comprise the Funds long/short component may at any time include positions in U.S. or non-U.S. common, preferred or convertible securities of any market capitalization throughout the world, including emerging markets countries; securities of other investment companies, including ETFs; and depositary receipts, including ADRs. The debt securities that comprise the Funds bond and long/short components may include corporate debt securities, bonds (including inflation-indexed bonds), notes or other debentures, U.S.
Government and foreign government securities, high yield or junk bonds, ETFs, and derivatives, such as swaps and futures on indexes. In addition, the long/short component may invest in derivative instruments, including swaps, interest rate swaps, options or index options (e.g., calls and puts may be purchased or written), futures contracts, and forward contracts. The Funds derivative instruments are used for several purposes, including to create investment leverage; as a substitute for securities, interest rates, currencies and commodities; and/or to hedge against market movements.
WEIZX Holdings
Top 10 holdings of Weiss Alternative Balanced Risk Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Russell 2000 ETF | 7.50% |
| Fidelity Government Portfolio | 3.39% |
| Boston Properties Inc | 2.10% |
| SBA Communications Corp | 1.94% |
| Rexford Industrial Realty Inc | 1.91% |
| Americold Realty Trust Inc | 1.90% |
| Cousins Properties Inc | 1.17% |
| Ventas Inc | 1.11% |
| CubeSmart | 1.04% |
| Coca-Cola Co/The | 0.98% |
WEIZX Portfolio Allocation
Asset-class allocation of Weiss Alternative Balanced Risk Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 75.3% |
| Cash & Equivalents | 3.4% |
| Derivatives | 1.5% |
| Real Estate | 0.2% |
WEIZX Performance
Total returns for WEIZX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.4% |
| 3 years (annualised) | -1.6% |
WEIZX Risk Information
Risk metrics for WEIZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.9%
WEIZX Costs and Fees
WEIZX costs about $370 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.70%
- Gross expense ratio: 4.08%
- Portfolio turnover: 1160%
- Brokerage commissions: 57.67 bps of average net assets (SEC N-CEN)
WEIZX Cashflows
Over the 12 months to 2024-01, Weiss Alternative Balanced Risk Fund had net inflows of $159.29M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $20.78M |
| 2023-12 | $10.21M |
| 2023-11 | $13.61M |
| 2023-10 | $9.10M |
| 2023-09 | $6.03M |
| 2023-08 | $11.25M |
WEIZX Debt Constituents
No individual debt constituents are reported in Weiss Alternative Balanced Risk Fund's latest SEC N-PORT filing.
WEIZX Prospectus and SEC Filings
Official Weiss Alternative Balanced Risk Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-27
- Prospectus (485BPOS) — filed 2023-02-27
- Prospectus (485BPOS) — filed 2022-02-28
- Portfolio holdings (N-PORT) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2023-09-28
- Annual census (N-CEN) — filed 2024-01-16
- Annual census (N-CEN) — filed 2023-01-17
Related Funds
Other United States Mid Cap Blend / Core 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.