BUYWX: Main BuyWrite I

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BUYWX Main BuyWrite I


Profile

BUYWX - Profile

Vitals

  • YTD Return -10.1%
  • 3 Yr Annualized Return -1.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $54 M
  • Holdings in Top 10 97.1%

52 WEEK LOW AND HIGH

$10.08
$7.74
$11.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -10.1%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Main BuyWrite Fund
  • Fund Family Name
    Main Management
  • Inception Date
    Dec 29, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kim Arthur

Fund Description

The fund is designed to provide investors with sustained exposure to domestic and foreign equity markets over time by generally investing its assets in exchange-traded funds (ETFs) and using the adviser's "BuyWrite" strategy. "BuyWrite" is an investment strategy of writing (selling) call options on a security owned by the fund to generate additional returns from the option premium. The fund also seeks returns by writing (selling) secured put options.


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Categories

Performance

BUYWX - Performance

Return Ranking - Trailing

Period BUYWX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.1% -87.3% 86.4% 61.43%
1 Yr -8.5% -90.3% 72.8% 52.86%
3 Yr -1.3%* -56.9% 36.3% 42.79%
5 Yr N/A* -47.0% 31.3% N/A
10 Yr N/A* -19.0% 35.4% N/A

* Annualized

Return Ranking - Calendar

Period BUYWX Return Category Return Low Category Return High Rank in Category (%)
2019 12.1% -24.2% 71.9% 40.15%
2018 -8.1% -35.0% 12.7% 25.66%
2017 8.2% -25.3% 59.5% 38.83%
2016 1.4% -15.5% 42.5% 83.07%
2015 N/A -65.1% 11.8% N/A

Total Return Ranking - Trailing

Period BUYWX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.1% -87.3% 86.4% 61.43%
1 Yr -8.5% -90.3% 72.8% 52.86%
3 Yr -1.1%* -56.9% 41.8% 50.23%
5 Yr N/A* -47.0% 34.4% N/A
10 Yr N/A* -19.0% 37.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BUYWX Return Category Return Low Category Return High Rank in Category (%)
2019 12.1% -22.9% 71.9% 40.15%
2018 -8.1% -31.5% 12.7% 39.82%
2017 8.6% -25.3% 68.6% 47.57%
2016 2.0% -15.5% 42.5% 82.54%
2015 N/A -65.1% 11.8% N/A

NAV & Total Return History


Holdings

BUYWX - Holdings

Concentration Analysis

BUYWX Category Low Category High BUYWX % Rank
Net Assets 54 M 105 K 8.41 B 57.09%
Number of Holdings 9 3 1562 93.97%
Net Assets in Top 10 64.9 M -225 M 2.46 B 39.72%
Weighting of Top 10 97.06% 15.8% 238.7% 12.66%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 50.14%
  2. Financial Select Sector SPDR® ETF 15.73%
  3. iShares MSCI Emerging Markets ETF 11.74%
  4. iShares Russell 2000 ETF 10.51%
  5. iShares US Aerospace & Defense ETF 4.60%
  6. Energy Select Sector SPDR® ETF 4.34%

Asset Allocation

Weighting Return Low Return High BUYWX % Rank
Stocks
96.90% 80.60% 325.56% 62.77%
Cash
3.10% -225.56% 20.91% 26.95%
Other
0.01% -52.75% 181.94% 17.38%
Preferred Stocks
0.00% -0.29% 7.00% 45.04%
Convertible Bonds
0.00% 0.00% 14.53% 45.39%
Bonds
0.00% -112.62% 56.94% 46.45%

Stock Sector Breakdown

Weighting Return Low Return High BUYWX % Rank
Financial Services
28.56% 0.00% 46.18% 2.33%
Technology
14.55% 0.00% 52.54% 51.94%
Industrials
11.85% 0.00% 46.89% 17.44%
Healthcare
9.77% 0.00% 98.52% 63.18%
Consumer Cyclical
7.62% 0.00% 36.79% 58.14%
Communication Services
7.41% 0.00% 25.04% 44.57%
Energy
7.37% 0.00% 100.00% 35.27%
Consumer Defense
5.12% 0.00% 23.50% 52.33%
Real Estate
2.97% 0.00% 97.46% 23.64%
Utilities
2.50% 0.00% 40.71% 59.30%
Basic Materials
2.27% 0.00% 13.98% 36.05%

Stock Geographic Breakdown

Weighting Return Low Return High BUYWX % Rank
US
83.93% 80.06% 325.56% 82.62%
Non US
12.97% -36.45% 39.88% 8.87%

Expenses

BUYWX - Expenses

Operational Fees

BUYWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.37% 37.17% 74.10%
Management Fee 1.00% 0.00% 2.64% 56.74%
12b-1 Fee 0.00% 0.00% 1.00% 6.21%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

BUYWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BUYWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 67.50%

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.

BUYWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 5191.00% 51.97%

Distributions

BUYWX - Distributions

Dividend Yield Analysis

BUYWX Category Low Category High BUYWX % Rank
Dividend Yield 0.00% 0.00% 23.49% 47.16%

Dividend Distribution Analysis

BUYWX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

BUYWX Category Low Category High BUYWX % Rank
Net Income Ratio 0.50% -3.05% 8.14% 48.93%

Capital Gain Distribution Analysis

BUYWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BUYWX - Fund Manager Analysis

Managers

Kim Arthur


Start Date

Tenure

Tenure Rank

Dec 29, 2015

4.51

4.5%

Kim D. Arthur. Mr. Arthur is a founding partner of Main Management, LLC, Main Management Fund Advisors, LLC’s parent company. He has served as CEO of Main Management, LLC since 2002 and as CEO and portfolio manager of the Adviser since 2015. In 2009 he was recognized by Institutional Investor Magazine as a “Rising Star” of Foundations and Endowments. Mr. Arthur began his financial career in 1987 in institutional sales marketing U.S. equities to Japanese institutions. He was promoted to managing director of institutional sales, and advanced to the transitional head of International Sales for Banc of America Securities. Mr. Arthur has also led an institutional sales and trading department overseeing 60 sales traders in 6 cities, managed the equity product marketing team, and served on the Investment Policy Committee and the Executive Management Committee at Banc of America Securities.

J. Richard Fredericks


Start Date

Tenure

Tenure Rank

Dec 29, 2015

4.51

4.5%

J. Richard Fredericks is a founding partner of Main Management, LLC. He currently serves as a Managing Director and is a member of the Investment Committee. He began his career with Dean Witter in 1970 as a securities analyst. In 1977, he joined Montgomery Securities (now Banc of America Securities) as a partner and later Senior Managing Director in Investment Research, covering the banking and financial service area. For 17 consecutive years, Mr. Fredericks was chosen by Institutional Investor Magazine as an “All-American” Research Analyst, covering the commercial banking industry. In 1995, Mr. Fredericks formally changed roles to oversee the firm’s investment banking effort for the financial industry. Mr. Fredericks served as United States Ambassador to both Switzerland and Liechtenstein from 1999 to 2001. Mr. Fredericks currently is on the Board of Directors of Janus Corporation; the Library of Congress Trust Fund Board; the Board of Directors of Cadence Bancorp LLC; member of the Board of Trustees at Loyola University of Maryland; the Advisory Board of Financial Technology Ventures; the Board of Chambers & Chambers Wine Merchants; and as a grower and Board Member for Turley Wine Cellars.

James Concidine


Start Date

Tenure

Tenure Rank

Dec 29, 2015

4.51

4.5%

James W. Concidine is a founding partner of Main Management, LLC. He currently serves as a Managing Director of Main Management Fund Advisors, LLC and is a member of the Investment Committee. Mr. Concidine began his career in the financial services industry in 1970 as a stock broker working with retail clients from 1970-1978. When the CBOE opened in April 1973, he began to specialize in conservative covered call writing strategies, and worked in institutional sales where he was responsible for U.S. equity sales to institutional accounts in the United Kingdom. Mr. Concidine led an International Institutional Sales Team. Since 1995, he has served as Chief Investment Officer for a large San Francisco family office where his duties include manager selection and asset allocation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 24.85 5.82 10.26