Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers. The strategy changed its peer group last September, moving from the Derivative Income category to the Long-Short Equity Morningstar Category.
- NAV / 1-Day Return 11.25 / 0.09 %
- Total Assets 15.7 Mil
-
Adj. Expense Ratio
1.790%
- Expense Ratio 1.830%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Long-Short Equity
- Investment Style Large Growth
- Min. Initial Investment 2,500
- Status Open
- TTM Yield —
- Turnover 82%
Morningstar’s Analysis CLPAX
Will CLPAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 101
- Bond Holdings 0
- Other Holdings 14
- % Assets in Top 10 Holdings 53.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Invesco QQQ Trust
16.93
2,227,972
—
Us Dollar Future
16.88
2,222,086
Cash and Equivalents
First American Treasury Obligs X
3.04
399,735
Cash and Equivalents