Securian AM Balanced Stabilization Instl
Name
As of 02/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-18.1%
1 yr return
-24.3%
3 Yr Avg Return
-5.7%
5 Yr Avg Return
-1.9%
Net Assets
$70.6 M
Holdings in Top 10
88.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VVMIX - Profile
Distributions
- YTD Total Return -18.1%
- 3 Yr Annualized Total Return -5.7%
- 5 Yr Annualized Total Return -1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.82%
- Dividend Yield 4.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSecurian AM Balanced Stabilization Fund
-
Fund Family NameLiberty Street
-
Inception DateSep 29, 2015
-
Shares Outstanding5047469
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCraig Stapleton
Fund Description
The Fund seeks to achieve its investment objective by investing in other funds and directly in securities, while using hedging techniques to manage portfolio risk and volatility. The Fund achieves its equity exposure by investing primarily in large capitalization equity securities or in exchange-traded funds (“ETFs”) that invest in large capitalization equity securities. The Fund’s sub-advisor considers a company to be a large capitalization company if it has a market capitalization at the time of purchase within the range of companies included in the S&P 500® Index. The Fund achieves its fixed income exposure by investing primarily in fixed income securities that are investment-grade corporate bonds, ETFs that invest in investment-grade fixed income securities, exchange-traded notes (“ETNs”), interest rate swaps, treasury and interest rate futures, or other instruments that have characteristics similar to the fixed income securities included in the Bloomberg U.S. Aggregate Bond Index. The Fund’s investments in fixed income securities may include privately placed securities that have not been registered under the Securities Act of 1933 (the “Securities Act”) but may be resold to “qualified institutional buyers” in accordance with the provisions of Rule 144A under the Securities Act (“Rule 144A Securities”). Under normal market conditions, the Fund seeks to maintain an average dollar-weighted effective duration for its fixed income portfolio of less than 10 years. Duration measures the sensitivity of the price of a fixed income investment to a change in interest rates. For example, an investment with a two-year duration means that it will decrease in value by 2% if interest rates rise 1%. Conversely, the investment will increase in value by 2% if interest rates fall 1%.
Over time, the Fund targets approximately 60% equity exposure and 40% fixed income exposure in its portfolio. As market conditions change, however, and to manage overall Fund volatility under certain market conditions, the equity and fixed income exposures may change, with a minimum equity allocation of 10% and a maximum equity allocation of 90% of the Fund’s total market value. Under normal market conditions the Fund may keep approximately 15% of the Fund’s total assets in cash or cash equivalents.
In selecting investments, the Fund’s sub-advisor considers factors such as, but not limited to, the Fund’s current and anticipated asset allocation positions, security pricing, industry outlook, current and anticipated interest rates and other market and economic conditions, general levels of debt prices and issuer operations. The Fund may also engage in frequent or short-term trading of securities and derivative instruments.
The Fund may invest in derivative instruments, primarily by holding long and/or short positions in S&P 500® futures contracts, to manage the Fund’s equity volatility. The Fund’s investments in derivatives may also include investments in options. In periods when the Fund’s sub-advisor expects higher volatility in the equity market, as measured by the S&P 500®, the Fund will seek to reduce the equity volatility of its portfolio by either selling S&P 500® futures contracts (taking short positions in such contracts) or reducing its long positions in S&P 500® futures contracts. During periods of lower expected volatility in the equity market, the Fund will seek to increase its equity exposure by purchasing S&P 500® futures contracts (increasing its long positions) or reducing its short positions in such contracts. Under normal market conditions, this hedging process targets, over an extended period of years, an average annualized volatility in the daily total returns of the Fund of approximately 10%.
The Fund’s use of S&P 500®, treasury and interest rate futures contracts and interest rate swaps has the effect of introducing leverage into the Fund’s portfolio. Leverage is introduced because the initial amount required to purchase a futures contract is small in relation to the notional value of such contract.
VVMIX - Performance
Return Ranking - Trailing
Period | VVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -18.1% | -23.1% | 13.9% | 99.21% |
1 Yr | -24.3% | -38.3% | 17.1% | 94.05% |
3 Yr | -5.7%* | -18.8% | 16.5% | 84.32% |
5 Yr | -1.9%* | -14.5% | 12.6% | 54.50% |
10 Yr | N/A* | -8.9% | 4.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | VVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.9% | -48.5% | 15.7% | 25.30% |
2022 | 4.9% | -10.0% | 21.8% | 19.42% |
2021 | 2.0% | -5.8% | 15.2% | 49.78% |
2020 | 3.9% | -7.6% | 6.4% | 10.31% |
2019 | -1.2% | -6.8% | 8.1% | 23.08% |
Total Return Ranking - Trailing
Period | VVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -18.1% | -29.8% | 13.9% | 97.64% |
1 Yr | -24.3% | -38.3% | 17.1% | 94.05% |
3 Yr | -5.7%* | -18.8% | 16.5% | 84.32% |
5 Yr | -1.9%* | -14.5% | 12.6% | 65.40% |
10 Yr | N/A* | -8.9% | 6.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.9% | -48.5% | 15.7% | 25.30% |
2022 | 4.9% | -10.0% | 21.8% | 19.42% |
2021 | 2.0% | -5.8% | 15.2% | 49.78% |
2020 | 3.9% | -6.8% | 6.4% | 10.31% |
2019 | -1.2% | -6.8% | 11.4% | 31.73% |
NAV & Total Return History
VVMIX - Holdings
Concentration Analysis
VVMIX | Category Low | Category High | VVMIX % Rank | |
---|---|---|---|---|
Net Assets | 70.6 M | 1.96 M | 15.7 B | 67.45% |
Number of Holdings | 53 | 2 | 3255 | 41.96% |
Net Assets in Top 10 | 62 M | 349 K | 12.1 B | 63.14% |
Weighting of Top 10 | 88.16% | 22.2% | 100.0% | 31.72% |
Top 10 Holdings
- Morgan Stanley Instl Lqudty Govt Instl 23.91%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
- E-mini S&P 500 Future Dec 20 6.00%
Asset Allocation
Weighting | Return Low | Return High | VVMIX % Rank | |
---|---|---|---|---|
Stocks | 47.58% | 0.00% | 238.38% | 50.59% |
Cash | 25.59% | -65.52% | 88.88% | 22.35% |
Bonds | 25.46% | 0.00% | 106.59% | 54.12% |
Other | 0.72% | -72.87% | 73.78% | 47.06% |
Convertible Bonds | 0.65% | 0.00% | 8.92% | 24.31% |
Preferred Stocks | 0.00% | 0.00% | 6.21% | 68.24% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VVMIX % Rank | |
---|---|---|---|---|
Technology | 24.45% | 0.00% | 85.77% | 13.15% |
Healthcare | 14.47% | 0.00% | 38.63% | 26.76% |
Financial Services | 13.41% | 0.00% | 98.22% | 41.31% |
Consumer Cyclical | 10.75% | 0.00% | 25.83% | 32.39% |
Communication Services | 8.81% | 0.00% | 21.61% | 17.37% |
Industrials | 8.19% | 0.00% | 23.85% | 63.85% |
Consumer Defense | 6.90% | 0.00% | 37.51% | 45.07% |
Energy | 4.80% | 0.00% | 60.89% | 57.28% |
Utilities | 2.98% | 0.00% | 91.12% | 50.23% |
Real Estate | 2.77% | 0.00% | 99.45% | 53.52% |
Basic Materials | 2.47% | 0.00% | 56.73% | 68.08% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VVMIX % Rank | |
---|---|---|---|---|
US | 47.05% | -1.19% | 235.84% | 33.73% |
Non US | 0.53% | -6.82% | 98.11% | 70.59% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VVMIX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 49.49% | 0.22% | 100.00% | 41.96% |
Corporate | 41.98% | 0.00% | 98.28% | 7.45% |
Government | 8.21% | 0.00% | 99.78% | 70.20% |
Securitized | 0.32% | 0.00% | 52.99% | 42.75% |
Derivative | 0.00% | 0.00% | 71.81% | 76.86% |
Municipal | 0.00% | 0.00% | 19.13% | 72.16% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VVMIX % Rank | |
---|---|---|---|---|
US | 21.46% | -17.22% | 99.80% | 49.02% |
Non US | 4.00% | -2.67% | 63.37% | 47.84% |
VVMIX - Expenses
Operational Fees
VVMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.01% | 0.44% | 3.72% | 76.38% |
Management Fee | 0.70% | 0.00% | 1.50% | 32.55% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
VVMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
VVMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
VVMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 441.00% | 0.99% |
VVMIX - Distributions
Dividend Yield Analysis
VVMIX | Category Low | Category High | VVMIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.34% | 0.00% | 35.91% | 27.17% |
Dividend Distribution Analysis
VVMIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
VVMIX | Category Low | Category High | VVMIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.82% | -2.12% | 13.72% | 38.80% |
Capital Gain Distribution Analysis
VVMIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 28, 2022 | $0.053 | OrdinaryDividend |
Jun 28, 2022 | $0.023 | OrdinaryDividend |
Mar 29, 2022 | $0.040 | OrdinaryDividend |
Sep 28, 2021 | $0.028 | OrdinaryDividend |
Jun 28, 2021 | $0.020 | OrdinaryDividend |
Mar 29, 2021 | $0.101 | OrdinaryDividend |
Sep 29, 2020 | $0.025 | OrdinaryDividend |
Jun 29, 2020 | $0.059 | OrdinaryDividend |
Mar 30, 2020 | $0.042 | OrdinaryDividend |
Sep 27, 2019 | $0.060 | OrdinaryDividend |
Jun 27, 2019 | $0.070 | OrdinaryDividend |
Mar 28, 2019 | $0.050 | OrdinaryDividend |
Sep 27, 2018 | $0.050 | OrdinaryDividend |
Jun 28, 2018 | $0.030 | OrdinaryDividend |
Mar 28, 2018 | $0.051 | OrdinaryDividend |
Sep 28, 2017 | $0.066 | OrdinaryDividend |
Jun 29, 2017 | $0.031 | OrdinaryDividend |
Mar 30, 2017 | $0.042 | OrdinaryDividend |
Dec 29, 2016 | $0.052 | OrdinaryDividend |
Sep 29, 2016 | $0.047 | OrdinaryDividend |
Jun 29, 2016 | $0.046 | OrdinaryDividend |
Mar 30, 2016 | $0.047 | OrdinaryDividend |
VVMIX - Fund Manager Analysis
Managers
Craig Stapleton
Start Date
Tenure
Tenure Rank
Sep 29, 2015
6.67
6.7%
Craig M. Stapleton serves as Senior Vice President and Portfolio Manager for Securian Asset Management, Inc. since June 2018, previously Vice President and Portfolio Manager since December 2012, Portfolio Manager June 2012-December 2012, Associate Portfolio Manager 2010-2012, and Quantitative Research Analyst 2005-2010. He is a Chartered Financial Analyst.
Jeremy Gogos
Start Date
Tenure
Tenure Rank
Jun 01, 2017
5.0
5.0%
Dr. Gogos has served as Portfolio Manager of Advantus Capital since December 2017, and formerly served as Associate Portfolio Manager of Advantus Capital since June 2017 and Quantitative Research Analyst from May 2013 to June 2017. Dr. Gogos earned his PhD in Physics from the University of Minnesota and a BS in Physics from the Worcester Polytechnic Institute. He is a Chartered Financial Analyst.
Merlin Erickson
Start Date
Tenure
Tenure Rank
Dec 29, 2017
4.42
4.4%
Mr. Erickson has served as Vice President and Portfolio Manager of Advantus Capital since December 2017, and formerly served as Vice President and Senior Quantitative Analyst of Advantus Capital since November 2007. Mr. Erickson earned an MBA in Finance from Seattle University and a BS in Mathematics from Central Washington University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.83 | 6.64 | 13.0 |