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
  • 13.98
  • Daily Change
  • $-0.01
  • -0.07%
MARKET PRICE
  • Closing Price
  • $13.95
  • Daily Change
  • $-0.03
  • -0.21%

*  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.

FUND DETAILS

As of 12/10/2024

  • 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
  • $566,129,964
  • TOTAL ANNUAL FUND OPERATING EXPENSES
  • 1.29%
  • 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.

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 ($)
$602.80
SHARES HELD
538,100
MARKET VALUE ($)
$324,366,680
NET ASSETS (%)
57%
SYMBOL
SMH
NAME
V/E SEMICONDUCT
MARKET PRICE ($)
$239.88
SHARES HELD
329,500
MARKET VALUE ($)
$79,040,460
NET ASSETS (%)
14%
SYMBOL
QQQM
NAME
INVES NASDAQ 100
MARKET PRICE ($)
$214.28
SHARES HELD
337,300
MARKET VALUE ($)
$72,276,644
NET ASSETS (%)
13%
SYMBOL
XLC
NAME
SPDR-COMM SERV
MARKET PRICE ($)
$100.33
SHARES HELD
603,400
MARKET VALUE ($)
$60,539,122
NET ASSETS (%)
11%
SYMBOL
XLY
NAME
SPDR-CONS DISCRE
MARKET PRICE ($)
$232.44
SHARES HELD
258,700
MARKET VALUE ($)
$60,132,228
NET ASSETS (%)
11%
SYMBOL
XLU
NAME
SPDR-UTIL SELECT
MARKET PRICE ($)
$78.12
SHARES HELD
742,900
MARKET VALUE ($)
$58,035,348
NET ASSETS (%)
10%
SYMBOL
9BBH
NAME
BBH SWEEP VEHICLE
MARKET PRICE ($)
$100.00
SHARES HELD
15,788,977
MARKET VALUE ($)
$15,788,977
NET ASSETS (%)
3%
SYMBOL
RECPAY
NAME
Receivables/Payables
MARKET PRICE ($)
$1.00
SHARES HELD
7,242,336
MARKET VALUE ($)
$7,242,336
NET ASSETS (%)
1%
SYMBOL
USDB
NAME
US DOLLAR BROKER
MARKET PRICE ($)
$1.00
SHARES HELD
515,532
MARKET VALUE ($)
$515,532
NET ASSETS (%)
0%
SYMBOL
XLY US 06/20/25 C200
NAME
XLY US 06/20/25 C200
MARKET PRICE ($)
$40.40
SHARES HELD
-1,396
MARKET VALUE ($)
$-5,639,840
NET ASSETS (%)
-1%

DISTRIBUTIONS DATA

Show:

EX DATE
11/21/2024
RECORD DATE
11/22/2024
PAY DATE
11/27/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0699
TOTAL DISTRIBUTION AMOUNT
$0.0699
EX DATE
10/24/2024
RECORD DATE
10/25/2024
PAY DATE
10/30/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0699
TOTAL DISTRIBUTION AMOUNT
$0.0699
EX DATE
09/19/2024
RECORD DATE
09/20/2024
PAY DATE
09/25/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0695
TOTAL DISTRIBUTION AMOUNT
$0.0695
EX DATE
08/22/2024
RECORD DATE
08/23/2024
PAY DATE
08/28/2024
ST CAP GAINS
$0.0000
LT CAP GAINS
$0.0000
INCOME/OTHER
$0.0695
TOTAL DISTRIBUTION AMOUNT
$0.0695