HEENX: Harvest Edge Equity Investor - MutualFunds.com

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HEENX Harvest Edge Equity Investor

  • Fund
  • HEENX
  • Price as of: Aug 27, 2019
  • $9.83 - $0.00 - 0.00%

HEENX - Profile

Vitals

  • YTD Return 18.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.07 M
  • Holdings in Top 10 103.9%

52 WEEK LOW AND HIGH

$9.83
$7.53
$10.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 37.17%

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 27, 2019

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return 18.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.51%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Harvest Edge Equity Fund
  • Fund Family Name Harvest Volatility Management
  • Inception Date Dec 18, 2017
  • Shares Outstanding 12316
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Curtis F. Brockelman

Fund Description

The fund invests in a portfolio of U.S. equity securities and equity index ETFs with a high portfolio correlation to the S&P 500 Index and implementing a collateral yield enhancement overlay strategy that utilizes relatively short-dated S&P 500 Index option call spreads and put spreads. It invests at least 80% of its assets in equity securities, or other investments with similar economic characteristics of companies considered to be large-capitalization companies.

HEENX - Performance

Return Ranking - Trailing

Period HEENX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.4% -21.8% 46.7% 8.43%
1 Yr -3.0% -45.0% 12.5% 47.29%
3 Yr N/A* -18.8% 26.0% N/A
5 Yr N/A* -23.2% 22.5% N/A
10 Yr N/A* -5.8% 26.7% N/A

* Annualized


Return Ranking - Calendar

Period HEENX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.8% -35.0% 4.6% 65.05%
2017 N/A -25.3% 49.9% N/A
2016 N/A -22.0% 47.9% N/A
2015 N/A -65.1% 127.1% N/A
2014 N/A -12.0% 31.7% N/A

Total Return Ranking - Trailing

Period HEENX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.4% -21.8% 46.7% 8.72%
1 Yr -3.0% -31.2% 12.5% 49.70%
3 Yr N/A* -18.8% 26.0% N/A
5 Yr N/A* -23.2% 22.5% N/A
10 Yr N/A* -5.8% 26.7% N/A

* Annualized


Total Return Ranking - Calendar

Period HEENX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.9% -31.5% 8.2% 74.11%
2017 N/A -25.3% 49.9% N/A
2016 N/A -22.0% 65.5% N/A
2015 N/A -65.1% 127.1% N/A
2014 N/A -8.8% 31.7% N/A

NAV & Total Return History

HEENX - Holdings

Concentration Analysis

HEENX Category Low Category High HEENX % Rank
Net Assets 1.07 M 1.07 M 8.01 B 100.00%
Number of Holdings 22 6 2019 79.61%
Net Assets in Top 10 1.13 M -877 M 2.4 B 95.81%
Weighting of Top 10 103.88% 10.8% 461.9% 9.22%

Top 10 Holdings

  1. SPDR® S&P 500 ETF 24.70%

  2. Vanguard S&P 500 ETF 24.70%

  3. Vanguard Total Stock Market ETF 24.70%

  4. iShares Core S&P 500 ETF 24.69%

  5. S&P 500 Index May. 17, 2019 Call 2825 2.16%

  6. S&P 500 Index May. 17, 2019 Call 2900 1.02%

  7. S&P 500 Index May. 31, 2019 Call 2950 0.57%

  8. S&P 500 Index-Spxw Us 06/14/19 C2975 0.50%

  9. S&P 500 Index June. 28, 2019 Call 3000 0.45%

  10. S&P 500 Index June. 28, 2019 Put 2825 0.39%


Asset Allocation

Weighting Return Low Return High HEENX % Rank
Stocks
95.55% 80.39% 259.25% 67.60%
Cash
4.44% -39.89% 36.18% 23.18%
Preferred Stocks
0.00% -5.47% 7.20% 77.65%
Other
0.00% -47.42% 39.52% 70.39%
Convertible Bonds
0.00% -0.03% 3.03% 77.93%
Bonds
0.00% -234.98% 40.78% 72.35%

Stock Sector Breakdown

Weighting Return Low Return High HEENX % Rank
Technology
22.39% 0.00% 60.24% 23.45%
Financial Services
15.20% 0.00% 91.88% 32.20%
Healthcare
12.85% 0.00% 28.15% 26.55%
Consumer Cyclical
11.75% 0.00% 31.33% 37.01%
Industrials
9.90% -7.48% 48.09% 33.33%
Consumer Defense
7.13% -12.43% 30.80% 39.27%
Energy
4.91% -0.45% 152.81% 49.72%
Communication Services
3.15% -0.85% 11.49% 28.81%
Utilities
3.07% -10.13% 35.22% 48.31%
Real Estate
2.82% -2.38% 84.46% 34.46%
Basic Materials
2.38% -1.05% 15.55% 37.29%

Stock Geographic Breakdown

Weighting Return Low Return High HEENX % Rank
US
94.69% 80.26% 151.48% 51.12%
Non US
0.86% -2.30% 159.65% 66.48%

HEENX - Expenses

Operational Fees

HEENX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 37.17% -2.86% 37.17% 0.29%
Management Fee 0.55% 0.00% 2.64% 7.54%
12b-1 Fee 0.25% 0.00% 1.00% 49.48%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

HEENX 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

HEENX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover 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.

HEENX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 5155.00% 5.68%

HEENX - Distributions

Dividend Yield Analysis

HEENX Category Low Category High HEENX % Rank
Dividend Yield 0.81% 0.00% 79.30% 46.65%

Dividend Distribution Analysis

HEENX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

HEENX Category Low Category High HEENX % Rank
Net Income Ratio 0.51% -7.28% 9.57% 37.61%

Capital Gain Distribution Analysis

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

HEENX - Managers

Curtis F. Brockelman

Manager

Start Date

Tenure

Tenure Rank

Dec 18, 2017

1.62

1.6%

Curtis F. Brockelman, Jr., is President, Chief Risk Officer and Portfolio Manager of Harvest Volatility Management. Prior to founding the Adviser in 2008, Mr. Brockelman was the Founder and Managing Partner of Perch Bay Group, LLC and Perch Bay Partners LLC. While at Perch Bay, Mr. Brockelman was the portfolio manager for Perch Bay Partners Sigma 1, LP, a volatility arbitrage hedge fund trading index options. Prior to Perch Bay, Mr. Brockelman was a Senior Vice President of Investments and a partner in “The Brockelman Group” at Salomon Smith Barney for seven years. Mr. Brockelman received a BA in Economics from Duke University in 1991.


Timothy C Knowles

Manager

Start Date

Tenure

Tenure Rank

Dec 18, 2017

1.62

1.6%

Tim is a Managing Director and Co-Portfolio Manager of Harvest’s Call Writing and Put Writing strategies. Prior to joining Harvest, Tim was co-head of Credit Suisse Volaris, responsible for the portfolio management of the two largest strategies and the head marketer. Prior to that, Tim was an options market maker for Tahoe Trading and Botta Capital Management. Tim earned a bachelor’s degree in Economics from Duke University.


Richard L. Selvala

Manager

Start Date

Tenure

Tenure Rank

Dec 18, 2017

1.62

1.6%

Richard L. Selvala, Jr., is Chief Executive Officer and Portfolio Manager of Harvest Volatility Management. Prior to founding the Adviser in 2008, Mr. Selvala was Co-Head of Volaris, Credit Suisse’s volatility management unit. Prior to Volaris, Mr. Selvala held various senior derivative management and marketing positions at Credit Suisse, UBS and General Motor’s Treasurer’s Office. Mr. Selvala received an MBA from Harvard Business School in 1990 and received a BS in Mechanical Engineering from the University of Michigan in 1985.


Michael Zigmont

Manager

Start Date

Tenure

Tenure Rank

Dec 18, 2017

1.62

1.6%

Michael Zigmont, CFA, is a Partner of Harvest Volatility Management. Prior to joining the Adviser in 2008, an Equity Options Trader and Quantitative Analyst with Volaris, Credit Suisse’s volatility management unit . Subsequent to joining Volaris, Mr. Zigmont was a Vice President with Morgan Stanley in the Structured Investments Group and OTC Hedging Desk within the Institutional Equities Division. He holds a B.A. in Engineering Sciences from Dartmouth College and studied at the University of Mainz in Germany.


Tenure Analysis

Category Low

0.34

Category High

41.28

Category Average

5.68

Category Mode

9.51