The objective of the Main BuyWrite Fund is to provide favorable risk-adjusted total returns relative to Morningstar Option Writing Category by investing in a portfolio of exchange traded funds (ETFs) selected through fundamental reversion to the mean analysis while utilizing a covered call writing (selling) strategy in an effort to dampen volatility. There is no guarantee that the fund will achieve its objectives, generate profits or avoid losses.
Investment Objective: The Fund seeks to provide total return, from current income and gains from long-term capital appreciation.
FUND SUMMARY
A Core Holding within your Alternative Allocation. Potentially reduce equity portfolio volatility, potentially enhance returns in a flat or down equity market, and potentially increase portfolio income in a flat or down equity market.
The Fund pursues its objective by employing an option strategy of writing (selling) covered call or index based options on an amount from 0% to 100% of the value of the ETF shares in the Fund’s portfolio. The Fund seeks to earn income and gains both from dividends paid on the ETFs owned by the Fund and cash premiums received from writing or “selling”.
FUND PRICES
NAV
Net Asset Value
13.97
Daily Change
$0.06
0.43%
MARKET PRICE
Closing Price
$13.98
Daily Change
$0.07
0.50%
* The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 866-383-9778.
* Standardized performance for the fund as of the most recent quarter can be viewed on the fund's fact sheet.fact sheet.
TOTAL ANNUAL FUND OPERATING EXPENSES AFTER FEE WAIVER
1.14%
SEC 30-DAY YIELD as of 9/30/24(i)
0.71%
12-MONTH DISTRIBUTION YIELD as of 9/30/24(i)
5.89%
30 Day Median Bid/Ask Spread
0.07%
The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified, and that value is expressed as a percentage rounded to the nearest hundredth.
Expense Cap Supplement 7/11/24