Drake Total Return Drake
660 Madison Avenue, 16th Floor New York NY 10021
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Phone: 866-372-5338
| Category: | Intermediate-Term Bond | | Fund Family: | Drake Funds | | Net Assets: | 22.58M | | Year-to-Date Return: | 1.96% | | Yield: | 5.21% | | Morningstar Rating: |  | | Fund Inception Date: | 30-Dec-04 |
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Anthony Faillace
Lead Manager since
30-Dec-04 | | | Faillace co-founded Drake Management in May 2001. As chief investment officer, he heads the firms Investment Committee. He is also a portfolio manager specializing in global interest rate products and relative value strategies. Formerly, Faillace was a managing director and senior portfolio manager at BlackRock, Inc., in New York, which he joined as a director in December 1999 after spending five years at Pacific Investment Management Company. |
| Min Initial Investment: | $5,000,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $50,000 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks total return exceeding that of the Lehman Brothers U.S. Aggregate index. The fund normally invests at least 65% of assets in a diversified portfolio of fixed-income securities of short and intermediate maturities. The duration of this portfolio varies between plus or minus 2 years as compared to the benchmark. It may invest up to 30% of assets in securities denominated in foreign currencies, including emerging market foreign securities. The management concentrate holdings in areas of the bond market that is believed undervalued. |
| Last Dividend
(30-Sep-08):
| 0.05 | | Last Cap Gain
(31-Dec-07):
| 0.02 | | Annual Holdings Turnover
| 475.00% | | Average for Category:
| 199.71% |
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| Expense | DTRDX | Category
Avg | | Total Expense Ratio: | 0.43%
| 0.98% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.21% | | Max Deferred Sales Load: | 0.00%
| 2.69% | | 3 Yr Expense Projection*: |
$138 | $465 | | 5 Yr Expense Projection*: |
$241 | $718 | | 10 Yr Expense Projection*: |
$543 | $1,429 |
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11.08% Nasdaq 0.00%
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