The Aegis High Yield Fund Was Down 29.06% In 2014

The Aegis High Yield Fund, which trades under the ticker symbols AHYAX and AHYFX, seeks to maximize total return by focusing on high income securities. The fund seeks to invest at least 80% of its assets in high-yield fixed income securities, including bonds and preferred stocks. The fund’s diversified portfolio include securities that are below investment grade, unrated, or considered junk bonds.

In 2014, the A-class shares, AHYAX, were down 29.06% for the year. In addition to poor performance, the fund has high annual fees (1.45% versus a category average of 1.06%).

As of September 30, 2014, the fund, managed by Scott Barbee, was very concentrated with 25 bond holdings, out of 41 total positions.

If your financial advisor or stockbroker recommended that you invest in the Aegis High Yield Fund, you may have options to recover your investment loss. If your advisor failed to fully disclose the risks of investing in the Aegis High Yield Fund, then you may have a claim for misrepresentation. If your investment objective was to only invest in safe and stable investments, you may have a claim for unsuitability. If the Aegis High Yield Fund made up a large portion of your portfolio, then you may have a claim for over-concentration and lack of diversification. If your advisor purchased this fund without your knowledge, you may have a claim for unauthorized trading. If your advisor purchased this fund on margin, you may have a claim for excessive use of margin and negligence.

The attorneys at Carlson & Associates, P.A., located in Miami, Florida, represent investors who have lost money due to the improper conduct of financial advisors. If you would like to have a free consultation, we can be reached at (305) 372-9700 to discuss your options.