Seven Canyons Strategic Income Fund (WASIX)

Investment Objective

The Strategic Income Fund seeks to provide a stable return and capture current income. A secondary objective is long-term growth of capital and income. The fund invests primarily in income-producing domestic and foreign securities, which may include equity and fixed-income securities.

Investment Strategy

This fund is not managed as a balanced portfolio. At times, one type of security may make up a substantial portion of the fund, while at other times certain securities may have minimal or no representation. The fund may invest in exchange-traded funds (ETFs). It may also make short sales of securities and use derivatives for hedging and non-hedging purposes.

Fund Basics


  • Style:
    Designed to provide a stable return between stocks and bonds with moderate quarterly income
  • Inception:
    02/01/2006*
  • Total Net Assets:

    $37,074,327

    as of 01/24/2020
INVESTOR CLASS
  • Symbol:
    WASIX
  • CUSIP:

    02110A 589

  • Net Asset Value:
    $12.99
    as of 01/24/2020
  • Minimum Investment:
    $2,000

Investment Characteristics

Portfolio Manager Sam Stewart generally considers the following characteristics when investing in equity securities:

  • Attractive, sustainable dividend yields or the potential for dividend growth
  • Experienced top management with a solid track record
  • Sustainable competitive advantage
  • Stable demand for products and services
  • Ability to capitalize on favorable long-term trends

Characteristics he considers when investing in fixed income securities generally include:

  • Rates of current income
  • Credit quality of the issuer
  • Maturity, duration and other characteristics of the obligation

Quick Links

Fund Manager

Sam Stewart

Sam Stewart is the lead Portfolio Manager of the Seven Canyons Income Fund and a Portfolio Manager on the Seven Canyons World Innovators Fund.  He was also the founder of Wasatch Advisors and over his 43-year tenure at Wasatch he helped build the company into an internationally known brand in global small-cap investing with assets of over $17 billion as of March 31, 2018.

 

Spencer Stewart is a Portfolio Manager and Founding Partner of Seven Canyons Advisors. Prior to Seven Canyons, he worked at Grandeur Peak Funds as a senior research analyst, and as portfolio manager of the Grandeur Peak Emerging Opportunities Fund, the Grandeur Peak International Opportunities Fund, and the Grandeur Peak Global Reach Fund.

 

Wes Golby is a Portfolio Manager and Founding Partner of Seven Canyons Advisors. From 2013-2017 he was Director of Research for Fleckenstein Capital Management, a short-biased hedge fund and from 2001 to 2013 he was a partner and Portfolio Manager at S-Squared Technology, LLC.

 

Josh StewartJosh Stewart is the lead Portfolio Manager of the Seven Canyons World Innovators Fund. Previously to joining Seven Canyons Josh worked as a Portfolio Manager and Senior Analyst at Wasatch Advisors and as an Analyst at Sidoti & Company.  Under Sam and Josh’s management, the World Innovators Fund received the 2018 Lipper Fund Award for best Global Multi-Cap Growth fund for the 10 year period ending 2018.

  • Monthly Performance

    As of 12/31/191 Month3 MonthYTD1 Year3 Year5 Year10 Year
    World Innovators Fund Retail Class (WAGTX)
    2.979.8720.4220.4212.809.3011.92
    World Innovators Fund Institutional Class (WIGTX)
    2.939.8620.6020.6013.059.5012.03
    MSCI ACWI IMI Index3.559.0526.3526.3512.098.348.91
    Strategic Income Fund (WASIX)3.488.6422.2922.299.224.4610.29
    S&P 500 Index3.029.0731.4931.4915.2711.7013.56
    MSCI ACWI Index3.528.9526.6026.6012.448.418.79
    Bloomberg Barclays US Aggregate Bond Index-0.070.188.728.724.033.053.75
    *3, 5, and 10 year data is annualized

  • Quarterly Performance

    As of 12/31/191 Month3 MonthYTD1 Year3 Year5 Year10 Year
    World Innovators Fund Retail Class (WAGTX)
    2.979.8720.4220.4212.809.3011.92
    World Innovators Fund Institutional Class (WIGTX)
    2.939.8620.6020.6013.059.5012.03
    MSCI ACWI IMI Index3.559.0526.3526.3512.098.348.91
    Strategic Income Fund (WASIX)3.488.6422.2922.299.224.4610.29
    S&P 500 Index3.029.0731.4931.4915.2711.7013.56
    MSCI ACWI Index3.528.9526.6026.6012.448.418.79
    Bloomberg Barclays US Aggregate Bond Index-0.070.188.728.724.033.053.75
    *3, 5, and 10 year data is annualized

Data shows past performance. Past performance is not indicative of future performance and current performance may be lower or higher than the data quoted. For the most recent month-end performance data, visit www.sevencanyonsadvisors.com. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. The Advisor may absorb certain Fund expenses, leading to higher total shareholder returns. Seven Canyons Advisors, LLC, the Fund’s investment adviser (the “Adviser”), has contractually agreed to limit the amount of the Fund’s total annual fund operating expenses. Total Expense Ratio: Gross 1.94%; Net 1.75%. This agreement is in effect through September 10, 2020, and may only be terminated before then by the Board of Trustees, and is reevaluated on an annual basis.

*The Fund was organized as a successor to the Wasatch Strategic Income Fund (the "Predecessor Fund"), a series of Wasatch Funds Trust. The Predecessor Fund was reorganized with and into the Fund on September 10, 2018.

All investing involves risk. Investments in securities of foreign companies involve additional risks, including less liquidity, currency-rate fluctuations, political and economic instability and differences in financial reporting standards and securities market regulation. Investing in small and micro-cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click this link to obtain a Prospectus, which contains this and other information, or call us at +1 (833) 722-6966. Read the prospectus carefully before investing.

© 2018 Seven Canyons. All rights reserved. Seven Canyons Funds are distributed by ALPS Distributors, Inc. (ADI).