Main BuyWrite (BUYW)

Main BuyWrite (BUYW)

FUND OBJECTIVE


The objective of the Main BuyWrite Fund is to provide superior 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. Secured puts may also be written (sold) to potentially generate an additional source of portfolio return while providing equity exposure at pre-determined price targets. 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
  • 12.20
  • Daily Change
  • $0.26
  • 2.18%
MARKET PRICE
  • Closing Price
  • $12.2
  • Daily Change
  • $0.22
  • 1.84%

*  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 10/04/2022

  • TICKER
  • BUYW
  • PRIMARY EXCHANGE
  • Cboe BZX Exchange
  • CUSIP
  • 66538H179
  • INCEPTION DATE
  • 12/29/2015
  • ETF LISTING DATE:
  • 9/12/2022
  • DISTRIBUTION FREQ.
  • Quarterly
  • TOTAL ASSETS
  • $145,923,923
  • TOTAL ANNUAL FUND OPERATING EXPENSES
  • 1.31%
  • 30 Day Median Bid/Ask Spread
  • 0.42%

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


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 ($)
$377.97
SHARES HELD
153,700
MARKET VALUE ($)
$58,093,989
NET ASSETS (%)
40%
SYMBOL
XLP
NAME
CONSUMER STAPLES SPDR
MARKET PRICE ($)
$68.91
SHARES HELD
296,800
MARKET VALUE ($)
$20,452,488
NET ASSETS (%)
14%
SYMBOL
QQQ
NAME
INVESCO QQQ TRUST SERIES
MARKET PRICE ($)
$282.13
SHARES HELD
55,700
MARKET VALUE ($)
$15,714,641
NET ASSETS (%)
11%
SYMBOL
SMH
NAME
VANECK SEMICONDU
MARKET PRICE ($)
$199.96
SHARES HELD
75,700
MARKET VALUE ($)
$15,136,972
NET ASSETS (%)
10%
SYMBOL
XBI
NAME
SPDR S&P BIOTECH ETF
MARKET PRICE ($)
$83.00
SHARES HELD
159,400
MARKET VALUE ($)
$13,230,200
NET ASSETS (%)
9%
SYMBOL
ITB
NAME
ISHARES U.S. HOME CONSTRU
MARKET PRICE ($)
$56.59
SHARES HELD
192,400
MARKET VALUE ($)
$10,887,916
NET ASSETS (%)
7%
SYMBOL
DIA
NAME
SPDR DJIA TRUST
MARKET PRICE ($)
$303.14
SHARES HELD
31,100
MARKET VALUE ($)
$9,427,654
NET ASSETS (%)
6%
SYMBOL
KWEB
NAME
KRANESHARES CSI CHINA INT
MARKET PRICE ($)
$26.29
SHARES HELD
184,600
MARKET VALUE ($)
$4,853,134
NET ASSETS (%)
3%
SYMBOL
 
NAME
BBH SWEEP VEHICLE
MARKET PRICE ($)
$100.00
SHARES HELD
4,689,473
MARKET VALUE ($)
$4,689,473
NET ASSETS (%)
3%
SYMBOL
USD
NAME
US DOLLARS
MARKET PRICE ($)
$1.00
SHARES HELD
554,315
MARKET VALUE ($)
$554,315
NET ASSETS (%)
0%