Main BuyWrite (BUYW)

Main BuyWrite (BUYW)

FUND OBJECTIVE


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
  • 13.46
  • Daily Change
  • $0.01
  • 0.07%
MARKET PRICE
  • Closing Price
  • $13.48
  • Daily Change
  • $0.01
  • 0.07%

*  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.

FUND DETAILS

As of 04/19/2024

  • TICKER
  • BUYW
  • PRIMARY EXCHANGE
  • Cboe BZX Exchange
  • CUSIP
  • 66538H179
  • INCEPTION DATE
  • 12/29/2015
  • ETF LISTING DATE:
  • 9/12/2022
  • DISTRIBUTION FREQ.
  • Monthly
  • TOTAL ASSETS
  • $433,377,366
  • TOTAL ANNUAL FUND OPERATING EXPENSES
  • 1.29%
  • SEC 30-DAY YIELD
    as of 3/31/24 (i)
  • 0.68%
  • SEC 12-MONTH YIELD
    as of 3/31/24 (i)
  • 5.93%
  • 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.

DISTRIBUTIONS DATA


EX DATE
12/22/2022
RECORD DATE
12/23/2022
PAY DATE
12/28/2022
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0638
TOTAL DISTRIBUTION AMOUNT
$0.0638
EX DATE
01/26/2023
RECORD DATE
01/27/2023
PAY DATE
02/02/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0658
TOTAL DISTRIBUTION AMOUNT
$0.0658
EX DATE
02/23/2023
RECORD DATE
02/24/2023
PAY DATE
03/02/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0656
TOTAL DISTRIBUTION AMOUNT
$0.0656
EX DATE
03/23/2023
RECORD DATE
03/24/2023
PAY DATE
04/04/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0657
TOTAL DISTRIBUTION AMOUNT
$0.0657
EX DATE
04/20/2023
RECORD DATE
04/21/2023
PAY DATE
05/02/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0667
TOTAL DISTRIBUTION AMOUNT
$0.0667
EX DATE
05/25/2023
RECORD DATE
05/26/2023
PAY DATE
06/02/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0669
TOTAL DISTRIBUTION AMOUNT
$0.0669
EX DATE
06/22/2023
RECORD DATE
06/23/2023
PAY DATE
07/05/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0674
TOTAL DISTRIBUTION AMOUNT
$0.0674
EX DATE
07/20/2023
RECORD DATE
07/21/2023
PAY DATE
08/02/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0677
TOTAL DISTRIBUTION AMOUNT
$0.0677
EX DATE
08/24/2023
RECORD DATE
08/25/2023
PAY DATE
09/05/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0671
TOTAL DISTRIBUTION AMOUNT
$0.0671
EX DATE
09/21/2023
RECORD DATE
09/22/2023
PAY DATE
10/03/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0672
TOTAL DISTRIBUTION AMOUNT
$0.0672
EX DATE
10/19/2023
RECORD DATE
10/20/2023
PAY DATE
11/02/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0668
TOTAL DISTRIBUTION AMOUNT
$0.0668
EX DATE
11/21/2023
RECORD DATE
11/22/2023
PAY DATE
12/04/2023
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0672
TOTAL DISTRIBUTION AMOUNT
$0.0672
EX DATE
12/21/2023
RECORD DATE
12/22/2023
PAY DATE
01/03/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0674
TOTAL DISTRIBUTION AMOUNT
$0.0674
EX DATE
01/25/2024
RECORD DATE
01/26/2024
PAY DATE
01/31/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0676
TOTAL DISTRIBUTION AMOUNT
$0.0676
EX DATE
02/22/2024
RECORD DATE
02/23/2024
PAY DATE
02/28/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0675
TOTAL DISTRIBUTION AMOUNT
$0.0675
EX DATE
03/21/2024
RECORD DATE
03/22/2024
PAY DATE
03/27/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0680
TOTAL DISTRIBUTION AMOUNT
$0.0680

Portfolio holdings are subject to change and should not be considered investment advice.

TOP 10 HOLDINGS


SYMBOL
NAME
MARKET PRICE ($)
SHARES HELD
MARKET VALUE ($)
NET ASSETS (%)
SYMBOL
SPY
NAME
SPDR S&P 500 ETF
MARKET PRICE ($)
$495.16
SHARES HELD
474,600
MARKET VALUE ($)
$235,002,936
NET ASSETS (%)
54%
SYMBOL
XLC
NAME
SPDR-COMM SERV
MARKET PRICE ($)
$79.47
SHARES HELD
646,500
MARKET VALUE ($)
$51,377,355
NET ASSETS (%)
12%
SYMBOL
XBI
NAME
SPDR S&P BIOTECH
MARKET PRICE ($)
$82.83
SHARES HELD
573,000
MARKET VALUE ($)
$47,461,590
NET ASSETS (%)
11%
SYMBOL
XLU
NAME
SPDR-UTIL SELECT
MARKET PRICE ($)
$65.43
SHARES HELD
716,300
MARKET VALUE ($)
$46,867,509
NET ASSETS (%)
11%
SYMBOL
SMH
NAME
V/E SEMICONDUCT
MARKET PRICE ($)
$199.21
SHARES HELD
232,300
MARKET VALUE ($)
$46,276,483
NET ASSETS (%)
11%
SYMBOL
KRE
NAME
SPDR S&P REG BAN
MARKET PRICE ($)
$47.32
SHARES HELD
916,900
MARKET VALUE ($)
$43,387,708
NET ASSETS (%)
10%
SYMBOL
 
NAME
BBH SWEEP VEHICLE
MARKET PRICE ($)
$100.00
SHARES HELD
17,638,295
MARKET VALUE ($)
$17,638,295
NET ASSETS (%)
4%
SYMBOL
USDB
NAME
US DOLLAR BROKER
MARKET PRICE ($)
$1.00
SHARES HELD
-75,126
MARKET VALUE ($)
$-75,126
NET ASSETS (%)
0%
SYMBOL
RECPAY
NAME
Receivables/Payables
MARKET PRICE ($)
$1.00
SHARES HELD
-83,525
MARKET VALUE ($)
$-83,525
NET ASSETS (%)
0%
SYMBOL
KRE US 09/20/24 C51
NAME
KRE US 09/20/24 C51
MARKET PRICE ($)
$2.49
SHARES HELD
-9,169
MARKET VALUE ($)
$-2,278,497
NET ASSETS (%)
-1%