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
  • 13.16
  • Daily Change
  • $-0.11
  • -0.83%
MARKET PRICE
  • Closing Price
  • $13.27
  • Daily Change
  • $-0.05
  • -0.38%

*  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.

PREMIUM/DISCOUNT

  • $0.11

FUND DETAILS

As of 04/25/2023
  • 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
  • $208,242,722
  • TOTAL ANNUAL FUND OPERATING EXPENSES
  • 1.31%
  • 30 Day Median Bid/Ask Spread
  • 0.30%

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
RECORD DATE
PAY DATE
ST CAP GAINS
LT CAP GAINS
ORDINARY
INCOME
TOTAL DISTRIBUTION
AMOUNT
EX DATE
12/22/2022
RECORD DATE
12/23/2022
PAY DATE
12/28/2022
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.06
TOTAL DISTRIBUTION AMOUNT
$0.06
EX DATE
01/26/2023
RECORD DATE
01/27/2023
PAY DATE
02/01/2023
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.07
TOTAL DISTRIBUTION AMOUNT
$0.07
EX DATE
02/23/2023
RECORD DATE
02/24/2023
PAY DATE
03/01/2023
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.07
TOTAL DISTRIBUTION AMOUNT
$0.07
EX DATE
03/23/2023
RECORD DATE
03/24/2023
PAY DATE
03/29/2023
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.07
TOTAL DISTRIBUTION AMOUNT
$0.07
EX DATE
04/20/2023
RECORD DATE
04/21/2023
PAY DATE
04/26/2023
ST CAP GAINS
$0.00
LT CAP GAINS
$0.00
INCOME/OTHER
$0.07
TOTAL DISTRIBUTION AMOUNT
$0.07

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

TOP 10 HOLDINGS

HOLDINGS (.CSV)
SYMBOL
NAME
MARKET PRICE ($)
SHARES HELD
MARKET VALUE ($)
NET ASSETS (%)
SYMBOL
SPY
NAME
SPDR S&P 500 ETF
MARKET PRICE ($)
$406.08
SHARES HELD
224,600
MARKET VALUE ($)
$91,205,568
NET ASSETS (%)
44%
SYMBOL
QQQ
NAME
INVESCO QQQ TRUST SERIES
MARKET PRICE ($)
$309.99
SHARES HELD
79,700
MARKET VALUE ($)
$24,706,203
NET ASSETS (%)
12%
SYMBOL
SMH
NAME
VANECK SEMICONDU
MARKET PRICE ($)
$239.18
SHARES HELD
96,500
MARKET VALUE ($)
$23,080,870
NET ASSETS (%)
11%
SYMBOL
XLY
NAME
CONSUMER DISCRETIONARY SE
MARKET PRICE ($)
$144.43
SHARES HELD
159,100
MARKET VALUE ($)
$22,978,813
NET ASSETS (%)
11%
SYMBOL
EFA
NAME
ISHARES MSCI EAFE ETF
MARKET PRICE ($)
$72.79
SHARES HELD
310,600
MARKET VALUE ($)
$22,608,574
NET ASSETS (%)
11%
SYMBOL
ITA
NAME
ISHARES U.S. AEROSPACE &
MARKET PRICE ($)
$114.27
SHARES HELD
181,300
MARKET VALUE ($)
$20,717,151
NET ASSETS (%)
10%
SYMBOL
XBI
NAME
SPDR S&P BIOTECH ETF
MARKET PRICE ($)
$80.01
SHARES HELD
203,400
MARKET VALUE ($)
$16,274,034
NET ASSETS (%)
8%
SYMBOL
TFLO
NAME
ISHARES TREASURY FLOATING
MARKET PRICE ($)
$50.58
SHARES HELD
177,300
MARKET VALUE ($)
$8,967,834
NET ASSETS (%)
4%
SYMBOL
 
NAME
BBH SWEEP VEHICLE
MARKET PRICE ($)
$100.00
SHARES HELD
2,609,963
MARKET VALUE ($)
$2,609,963
NET ASSETS (%)
1%
SYMBOL
XBI US 06/16/23 C83
NAME
XBI US 06/16/23 C83
MARKET PRICE ($)
$2.60
SHARES HELD
-2,034
MARKET VALUE ($)
$-528,840
NET ASSETS (%)
0%

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price not NAV. Beginning November 2, 2020, market price returns are calculated using the closing price and account for distributions from the funds.  Prior to November 2, 2020, market price returns were calculated using the midpoint price and accounted for distributions from the fund.  The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).

An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.

Investing involves risk including the possible loss of principal. There is no assurance that the Fund will achieve its investment objectives.

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.

Equity securities are susceptible to general stock market fluctuations and to volatile increases and decreases in value. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Overall market risks may also affect the value of the Fund. Factors such as domestic economic growth and market conditions, interest rate levels and political events affect the securities markets. For performance information current to the most recent month-end, please call toll-free 866-383-9778.

Options Risk. There are risks associated with the sale and purchase of call and put options. As a seller (writer) of a put option, the Fund will tend to lose money if the value of the reference index or security falls below the strike price. As the seller (writer) of a call option, the Fund may experience lower returns if the value of the reference index or security rises above the strike price. 

Investors should carefully consider the investment objectives, risks, charges and expenses of the Main BuyWrite ETF. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-866-383-9778. The prospectus should be read carefully before investing. The Fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Main Management Fund Advisors, LLC is not affiliated with Northern Lights Distributors, LLC.

 

2016-NLD-09142022                                                                                                                                                                            FR2022-0914-0112/E