Meritage Yield-Focus Equity Instl (MPYIX)

8.91 -0.01  -0.11% Jul 1 USD
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Key Stats

Net Asset Value 8.91
Turnover Ratio 99.00%
1 Year Fund Level Flows -6.045M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 0.70% 1.59% 82
3M 19.81% 24.26% 88
6M -20.49% -8.08% 88
YTD -20.49% -8.08% 88
1Y -14.17% -1.65% 87
3Y -1.28% 3.97% 86
5Y 1.06% 4.75% 85
10Y -- 9.40% --
15Y -- 6.05% --
20Y -- 4.85% --
As of July 1, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 11.04% 11.04% 0.00%
Stock 84.51% 84.51% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 4.45% 4.45% 0.00%
Other 0.00% 0.00% 0.00%
As of April 30, 2020

Region Exposure

Americas 82.46%
North America 82.46%
Latin America 0.00%
Greater Europe 17.54%
United Kingdom 10.24%
Europe Developed 7.30%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 1.56%
As of April 30, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 6.15%
Consumer Cyclical 0.30%
Consumer Defensive 15.56%
Energy 6.20%
Financial Services 18.92%
Healthcare 14.53%
Industrials 8.86%
Real Estate 10.40%
Technology 7.95%
Utilities 11.12%
As of April 30, 2020

Stock Market Capitalization

Giant 26.10%
Large 39.79%
Medium 18.54%
Small 15.58%
Micro 0.00%
As of April 30, 2020

Stock Style Exposure

Large Cap Value 53.93%
Large Cap Blend 11.95%
Large Cap Growth 0.00%
Mid Cap Value 18.23%
Mid Cap Blend 0.31%
Mid Cap Growth 0.00%
Small Cap Value 9.32%
Small Cap Blend 2.78%
Small Cap Growth 3.48%
As of April 30, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
SPHD Invesco S&P 500® High Div Low Vol ETF 3.42% 33.45 +1.55%
CNPPB CenterPoint Energy Inc 7% PRF CONVERT 01/09/2021 USD 1000 - Ser B (1/20th i 2.73% -- --
VZ Verizon Communications Inc 2.69% 54.85 +0.33%
BTI British American Tobacco PLC ADR 2.60% 39.50 +0.48%
NHI National Health Investors Inc 2.51% 65.54 +4.36%
UL Unilever PLC ADR 2.49% 55.07 +0.35%
PPL PPL Corp 2.47% 26.39 +0.73%
NGG National Grid PLC ADR 2.45% 58.57 -2.53%
CVS CVS Health Corp 2.38% 65.00 +0.68%
AEPPB American Electric Power Co Inc Unit 2.29% -- --
As of April 30, 2020
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Basic Info

Investment Strategy
The investment seeks long-term growth of capital with an emphasis on high current income. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities. With respect to up to 15% of its total assets, the fund may use exchange-traded funds ("ETFs") to invest in particular sectors instead of investing directly in companies comprising those sectors.
General
Security Type Mutual Fund
Oldest Share Symbol MPYIX
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Allocation
Category Name Allocation--85%+ Equity
Prospectus Objective Growth and Income
Fund Owner Firm Name Meritage Portfolio Management
Benchmark Index
Zacks Multi-Asset Income TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Clint Anderson 6.44 yrs
John Wallis 6.44 yrs
Mark Eveans 6.44 yrs
Sharon Divine 6.44 yrs

Share Classes

Symbol Share Class
MPYEX Inv

Net Fund Flows

1M -969789.0
3M -5.184M
6M -4.460M
YTD -4.460M
1Y -6.045M
3Y -6.759M
5Y -33.38M
10Y --
As of June 30, 2020

Risk Info

Beta (5Y) 0.9916
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.0761
Daily Value at Risk (VaR) 1% (All) 2.88%
Monthly Value at Risk (VaR) 1% (All) 20.96%

Fundamentals

Dividend Yield TTM (7-1-20) 3.93%
30-Day SEC Yield (9-30-19) 3.38%
7-Day SEC Yield (8-11-16) 0.00%
Weighted Average PE Ratio 12.18
Weighted Average Price to Sales Ratio 1.079
Weighted Average Price to Book Ratio 1.560
Weighted Median ROE 21.43%
Weighted Median ROA 6.34%
Forecasted Dividend Yield 4.98%
Forecasted PE Ratio 11.94
Forecasted Price to Sales Ratio 1.035
Forecasted Price to Book Ratio 1.414
Number of Holdings 55
As of April 30, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth 5.25%
Forecasted Book Value Growth 7.64%
Forecasted Cash Flow Growth 3.75%
Forecasted Earnings Growth 0.80%
Forecasted Revenue Growth 5.24%
As of April 30, 2020

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 100000.0 USD
Minimum Subsequent Investment 1000.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 0.75%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 12/23/2013
Termination Date
Last Annual Report Date 8/31/2019
Last Prospectus Date 12/30/2019
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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