Fund Evaluator:
Advisors Capital Active ALL Cap (ACALX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Advisors Capital Active ALL Cap Overview
Advisors Capital Active ALL Cap (ACALX) is an actively managed U.S. Equity Large Blend fund. Advisors Capital launched the fund in 2022.
The investment seeks long-term capital appreciation. The fund invests primarily in the common stock of U.S. companies of any capitalization by using exchange-traded funds ("ETFs") and mutual funds in different combinations and weightings. The ETFs and mutual funds ("underlying funds") each invest primarily in U.S. common stock of varying market capitalizations, sectors and strategy themes.
About Advisors Capital Active ALL Cap (ACALX)
There are 3 members of the management team with an average tenure of 2.65 years: Kevin Strauss (2022), David Lieberman (2022), JoAnne Feeney (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 3% Capped USD TR index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. Advisors Capital Active ALL Cap has 6 securities in its portfolio. The top 10 holdings constitute 99.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Advisors Capital Active ALL Cap is part of the Equity global asset class and is within the U.S. Equity fund group. Advisors Capital Active ALL Cap has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.2%. There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Advisors Capital Active ALL Cap has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $324 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ACALX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Advisors Capital Active ALL Cap expense ratio is high compared to funds in the Large Blend category. Advisors Capital Active ALL Cap has an expense ratio of 1.81%, which is 123% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Advisors Capital Active ALL Cap has a portfolio turnover rate of 7%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Advisors Capital Active ALL Cap returned -0.3%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Advisors Capital Active ALL Cap has a trailing yield of 0.00%, which is below the 0.56% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Advisors Capital Active ALL Cap Grades
Year to date, the fund has returned 9.3%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 17.3% over the past year (grade of C) and 16.2% over the past three years (grade of D).
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ACALX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ACALX Return (NAV) | -0.3% | 3.8% | 17.3% | 16.2% | na | na |
| ACALX Grade | D | D | C | D | na | na |
| +/- Category | -0.7% | -0.3% | -0.2% | -1.2% | na | na |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| ACALX Tax Cost Ratio | na | na | 0.1% | 0.0% | na | na |
ACALX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ACALX Return (NAV) | 9.3% | 14.8% | 20.1% | 22.8% | na | na | na | na | na | na | na |
| ACALX Grade | C | D | D | D | na | na | na | na | na | na | na |
| +/- Category | -0.0% | -1.0% | -1.9% | -0.9% | na | na | na | na | na | na | na |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 12.9% |
| Total Risk Index: | 1.06 - Above Average |
| Category Risk Index: | 0.98 - Below Average |
| Category Risk Grade: | B (32% Rank) |
| Beta: | 0.99 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $324 Mil |
| Fund Total Assets: | $ 325 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 7% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.7 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Strauss Kevin (2022), Lieberman David (2022), Feeney JoAnne (2026) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 99.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.2% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 1.1% |
Purchase Information
| Fund Family: | Advisors Capital |
| Phone Number: | 888-247-3841 |
| Website: | www.neimanfunds.com |
| Status: | Open |
| Inception Date: | November 9, 2022 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.15% |
Expenses and Fees | |
| Expense Ratio (%): | 1.81% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Advisors Capital Active ALL Cap |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
