We utilize proprietary mutual funds for asset allocation and investments in client portfolios. The funds managed by Ascendant are:
The Ascendant Deep Value Convertibles Fund is a mutual fund that seeks opportunity in attractively valued convertible securities whose underlying equity price has typically been depressed since issuance and thus making the issue relatively high yielding. As a result of this approach, the Deep Value Convertibles strategy tends to have more bond-like attributes as opposed to many other managers whose portfolios tend to be much more equity sensitive.
The Patriot Fund is a terror-free investment portfolio of U.S. large cap equity securities that aims for superior risk adjusted returns versus the S&P 500 over multiple market cycles. The Patriot Fund was created to give individual investors the same opportunity to divest their portfolios of companies operating in nations designated as state sponsors of terrorism that institutions have had for years. The Advisor believes that divestment, in addition to being a patriotic act, can help minimize global security risk in a portfolio. Global security risk is the risk to shareholder value and corporate reputation stemming from the intersection of a publicly traded company’s international business activities and security-related concerns, such as terrorism.
The Patriot Balanced Fund is a mutual fund providing investors a tactically managed, diversified portfolio which combines our MultiCap Equity Strategy with our Fixed Income Composite Portfolio. This strategy may be suitable for investors who are focused on long term total return and are looking for dynamic asset allocation. At times Ascendant seeks to enhance investment returns by opportunistically shifting the asset mix of the Balanced Portfolios in response to the changing market conditions.
*Each mutual fund is registered with the SEC as an open-end investment company under the Investment Company Act of 1940.