Fund Facts

Fund Inception Date:

September 17, 2015


Fund Assets:

(includes all series)

$23,513,544


Management Fee:

 

1.75%

View Fee Chart
Portfolio Advisor:

Portfolio Managers:

Paul Stewart, CFA
Michael Buckius, CFA
Kenneth Toft, CFA
Daniel Ashcraft, CFA



 
 
 
 

Investment Objective

  • The Fund seeks to provide a combination of income and capital appreciation through investment primarily in U.S. equity securities and will attempt to reduce volatility through the sale of index call options and the purchase of index put options.

Who Should Invest in this Fund?

  • You should consider this Fund if you want a combination of income and capital appreciation with less volatility (as a result of the use of an index option broad risk management strategy) than a traditional portfolio consisting solely of equity securities
  • You should consider this Fund if you have a low to medium tolerance for risk

Volatility Classification

Low   Medium   High

Investment Strategies

  • Under normal circumstances, the Fund invests in a broadly diversified portfolio of common stocks that replicates a broad based securities market index, while also selling index call options and purchasing index put options
  • Writing index call options reduces the Fund’s volatility, provides steady cash flow and is an important source of the Fund’s return, although it also reduces the Fund’s ability to fully profit from increases in the value of its equity portfolio
  • The Fund also buys index put options, which can protect the Fund from a significant market decline that may occur over a short period of time. The value of an index put option generally increases as the prices of the stocks constituting the index decrease, and decreases as those stocks increase in price. From time to time, the Fund may reduce its holdings of put options, resulting in an increased exposure to a market decline
  • The combination of the diversified stock portfolio, the steady cash flow from the sale of index call options and the downside protection from index put options is intended to provide the Fund with the majority of the returns associated with equity market investments while exposing investors to less risk than other equity investments
  • The Fund may invest in companies with small, medium or large market capitalizations

Prices & Performance


Performance [ as of February 28, 2017 1, 2 ]

Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
Series A2.9 1.0 4.2 0.6 5.1 -- -- -- 3.5
Benchmark - 1.0 -- -- 1.3 -- -- -- -- 0.8
Benchmark - S&P 500 ($CAD)5.7 6.6 11.1 4.5 22.4 -- -- -- 15.4

Prices (Regular Series)

Fund CodesNAVPU
as of
Daily Change Weekly Change
Front EndBack End 03/28/2017 % $ % $  
NXG6401$9.8171 0.4852 0.0474 0.6438 0.0628
NXG6401N$9.7664 -0.5651 -0.0555 -2.7629 -0.2775
NXG6401U$7.3371 0.4477 0.0327 0.3652 0.0267

Holdings & Stats

Top 25 Holdings [ as of February 28 ]

Name Country Sector % of total holdings Market Value
SPDR S+P500 ETF TRUST UNITED STATES INDEX FUNDS 9.10% 1,946,433
ISHARES CORE S+P 500 ETF UNITED STATES INDEX FUNDS 5.30% 1,134,633
CASH & EQUIVALENTS? CASH & EQUIVALENTS CASH & EQUIVALENTS? 4.40% 945,754
APPLE INC UNITED STATES INFORMATION TECHNOLOGY 3.00% 645,899
MICROSOFT CORP UNITED STATES INFORMATION TECHNOLOGY 2.10% 439,824
EXXON MOBIL CORP UNITED STATES ENERGY 1.40% 298,263
AMAZON.COM INC UNITED STATES CONSUMER DISCRETIONARY 1.40% 294,219
JOHNSON + JOHNSON UNITED STATES HEALTH CARE 1.40% 293,628
BERKSHIRE HATHAWAY INC CL B UNITED STATES FINANCIALS 1.30% 288,395
JPMORGAN CHASE + CO UNITED STATES FINANCIALS 1.30% 286,973
FACEBOOK INC A UNITED STATES INFORMATION TECHNOLOGY 1.30% 280,445
GENERAL ELECTRIC CO UNITED STATES INDUSTRIALS 1.10% 233,092
WELLS FARGO + CO UNITED STATES FINANCIALS 1.10% 231,212
AT+T INC UNITED STATES TELECOMMUNICATION SERVICES 1.10% 226,970
ALPHABET INC CL A UNITED STATES INFORMATION TECHNOLOGY 1.00% 221,197
BANK OF AMERICA CORP UNITED STATES FINANCIALS 1.00% 220,660
ALPHABET INC CL C UNITED STATES INFORMATION TECHNOLOGY 1.00% 215,511
PROCTER + GAMBLE CO WHEN DIS UNITED STATES CONSUMER STAPLES 1.00% 214,937
CHEVRON CORP UNITED STATES ENERGY 0.90% 187,923
PFIZER INC UNITED STATES HEALTH CARE 0.90% 182,683
VERIZON COMMUNICATIONS INC UNITED STATES TELECOMMUNICATION SERVICES 0.80% 178,865
MERCK + CO. INC. UNITED STATES HEALTH CARE 0.70% 160,188
COMCAST CORP CLASS A UNITED STATES CONSUMER DISCRETIONARY 0.70% 157,537
HOME DEPOT INC UNITED STATES CONSUMER DISCRETIONARY 0.70% 156,175
CISCO SYSTEMS INC UNITED STATES INFORMATION TECHNOLOGY 0.70% 151,300
Total Displayed     44.70% 9,592,716
Total Holdings       21,436,876

Portfolio Sector Allocation
[ as of February 28** ]

INFORMATION TECHNOLOGY 18.00%
INDEX FUNDS 14.40%
FINANCIALS 12.40%
HEALTH CARE 11.70%
CONSUMER DISCRETIONARY 10.10%
INDUSTRIALS 8.60%
CONSUMER STAPLES 7.90%
ENERGY 5.70%
CASH & EQUIVALENTS? 4.40%
UTILITIES 2.70%
REAL ESTATE 2.40%
MATERIALS 2.40%
TELECOMMUNICATION SERVICES 2.00%
INDEX OPTIONS -2.70%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of February 28 ]

UNITED STATES 91.70%
CASH & EQUIVALENTS 4.40%
IRELAND 1.80%
CURACAO 0.50%
SWITZERLAND 0.40%
SINGAPORE 0.30%
NETHERLANDS 0.20%
UNITED KINGDOM 0.20%
CANADA 0.10%
BERMUDA 0.10%
PANAMA 0.10%
JERSEY 0.10%
LIBERIA 0.10%
TOTAL 100.00%

** The Portfolio Sector Asset Allocations and Total Percentage Displayed in Top Holdings do not include non-cash working capital.