Securian AM Equity Stabilization Instl
Name
As of 02/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-24.5%
1 yr return
-32.0%
3 Yr Avg Return
-14.4%
5 Yr Avg Return
-8.3%
Net Assets
$16.8 M
Holdings in Top 10
98.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.13%
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
VMEIX - Profile
Distributions
- YTD Total Return -24.5%
- 3 Yr Annualized Total Return -14.4%
- 5 Yr Annualized Total Return -8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.23%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSecurian AM Equity Stabilization Fund
-
Fund Family NameLiberty Street
-
Inception DateSep 29, 2015
-
Shares Outstanding1505882
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCraig Stapleton
Fund Description
The Fund seeks to achieve its investment objective by investing in other funds or directly in securities while using hedging techniques to manage portfolio risk and volatility. Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund may invest in equity securities of any market capitalization. Equity securities include those that are equity-based, such as exchange-traded funds (“ETFs”) that invest primarily in U.S. and foreign equity securities. Over time, the Fund will target an approximate 85% equity exposure and 15% cash or cash equivalent exposure. The Fund will generally seek to invest in ETFs whose underlying equity securities have prices that are less volatile than the equity markets as a whole.
As market conditions change, the Fund’s effective equity exposure will change in an effort to manage overall Fund volatility, with a minimum effective equity exposure of 10% and a maximum effective equity exposure of 100% of the Fund’s total asset value. The Fund will seek to manage its effective equity exposure and its overall volatility by investing primarily in S&P 500® futures contracts and other derivative instruments. 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 its effective equity exposure and the overall 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. In periods when the Fund’s sub-advisor expects lower volatility in the equity market, the Fund will seek to increase its effective equity exposure by purchasing S&P 500® futures contracts (taking long positions in such contracts) or reducing its short positions in S&P 500® futures contracts. Under normal market conditions, this hedging process will seek to target, over an extended period of years, an average annualized volatility in the daily total returns of the Fund of approximately 10%.
The 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 the contract. Despite any use of leverage, under normal circumstances the Fund’s effective equity exposure is not expected to exceed 100% of its total asset value.
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, other market and economic conditions, and issuer operations. The Fund may also engage in frequent or short-term trading of securities and derivative instruments.
VMEIX - Performance
Return Ranking - Trailing
Period | VMEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -24.5% | -24.5% | 16.2% | 100.00% |
1 Yr | -32.0% | -32.0% | 22.0% | 100.00% |
3 Yr | -14.4%* | -19.9% | 23.7% | 97.69% |
5 Yr | -8.3%* | -13.4% | 13.1% | 96.84% |
10 Yr | N/A* | -7.3% | 11.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | VMEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.9% | -54.0% | 40.9% | 68.28% |
2022 | 0.8% | -22.5% | 24.1% | 65.73% |
2021 | -2.5% | -19.4% | 24.1% | 84.21% |
2020 | 3.4% | -8.4% | 12.9% | 18.40% |
2019 | -1.6% | -14.0% | 7.1% | 42.86% |
Total Return Ranking - Trailing
Period | VMEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -24.5% | -25.0% | 16.2% | 99.48% |
1 Yr | -32.0% | -32.0% | 22.0% | 100.00% |
3 Yr | -14.4%* | -19.9% | 23.7% | 97.69% |
5 Yr | -8.3%* | -13.2% | 14.1% | 97.47% |
10 Yr | N/A* | -6.9% | 11.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VMEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.9% | -54.0% | 40.9% | 68.28% |
2022 | 0.8% | -22.5% | 24.1% | 65.73% |
2021 | -2.5% | -19.4% | 24.1% | 84.21% |
2020 | 3.4% | -8.4% | 12.9% | 18.40% |
2019 | -1.6% | -14.0% | 15.9% | 53.25% |
NAV & Total Return History
VMEIX - Holdings
Concentration Analysis
VMEIX | Category Low | Category High | VMEIX % Rank | |
---|---|---|---|---|
Net Assets | 16.8 M | 818 K | 5.18 B | 87.69% |
Number of Holdings | 14 | 3 | 2670 | 85.03% |
Net Assets in Top 10 | 16.5 M | -175 M | 1.1 B | 55.61% |
Weighting of Top 10 | 98.82% | 1.5% | 100.0% | 5.06% |
Top 10 Holdings
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
- E-mini S&P 500 Future Sept 20 40.25%
Asset Allocation
Weighting | Return Low | Return High | VMEIX % Rank | |
---|---|---|---|---|
Stocks | 83.89% | -2.90% | 119.13% | 25.00% |
Cash | 10.22% | -67.46% | 106.99% | 79.03% |
Bonds | 4.00% | -48.31% | 152.17% | 14.36% |
Other | 1.71% | -35.22% | 39.56% | 18.28% |
Convertible Bonds | 0.19% | -0.02% | 4.68% | 5.91% |
Preferred Stocks | 0.00% | 0.00% | 7.60% | 61.29% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VMEIX % Rank | |
---|---|---|---|---|
Healthcare | 18.75% | 0.00% | 100.00% | 20.48% |
Consumer Defense | 14.13% | 0.00% | 33.38% | 10.24% |
Financial Services | 11.86% | 0.00% | 83.83% | 60.84% |
Technology | 11.76% | 0.00% | 43.24% | 82.53% |
Industrials | 10.44% | 0.00% | 31.93% | 53.01% |
Communication Services | 8.92% | 0.00% | 32.32% | 26.51% |
Utilities | 7.65% | 0.00% | 21.71% | 10.84% |
Consumer Cyclical | 5.49% | 0.00% | 88.83% | 86.75% |
Energy | 4.86% | 0.00% | 32.57% | 40.96% |
Basic Materials | 3.87% | 0.00% | 28.58% | 39.16% |
Real Estate | 2.28% | 0.00% | 10.93% | 42.17% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VMEIX % Rank | |
---|---|---|---|---|
US | 49.27% | -24.26% | 116.70% | 55.38% |
Non US | 34.62% | -43.01% | 97.78% | 5.91% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VMEIX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 72.80% | 0.00% | 100.00% | 85.95% |
Corporate | 20.07% | 0.00% | 100.00% | 7.03% |
Securitized | 7.13% | 0.00% | 13.59% | 2.70% |
Derivative | 0.00% | 0.00% | 52.12% | 63.78% |
Municipal | 0.00% | 0.00% | 0.01% | 59.46% |
Government | 0.00% | 0.00% | 88.51% | 71.35% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VMEIX % Rank | |
---|---|---|---|---|
US | 3.10% | -48.31% | 63.44% | 13.98% |
Non US | 0.90% | -0.33% | 22.00% | 5.91% |
VMEIX - Expenses
Operational Fees
VMEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.40% | 11.46% | 91.33% |
Management Fee | 0.70% | 0.00% | 2.50% | 10.20% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 1.54% | N/A |
Sales Fees
VMEIX 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% | 4.00% | N/A |
Trading Fees
VMEIX 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.
VMEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 479.00% | 6.25% |
VMEIX - Distributions
Dividend Yield Analysis
VMEIX | Category Low | Category High | VMEIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.97% | 0.00% | 11.07% | 12.24% |
Dividend Distribution Analysis
VMEIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
VMEIX | Category Low | Category High | VMEIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.23% | -3.33% | 2.88% | 2.60% |
Capital Gain Distribution Analysis
VMEIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 28, 2022 | $0.041 | OrdinaryDividend |
Jun 28, 2022 | $0.057 | OrdinaryDividend |
Mar 29, 2022 | $0.010 | OrdinaryDividend |
Jun 28, 2021 | $0.071 | OrdinaryDividend |
Mar 29, 2021 | $0.021 | OrdinaryDividend |
Dec 09, 2020 | $0.079 | OrdinaryDividend |
Sep 29, 2020 | $0.009 | OrdinaryDividend |
Jun 29, 2020 | $0.068 | OrdinaryDividend |
Mar 30, 2020 | $0.129 | OrdinaryDividend |
Dec 30, 2019 | $0.142 | OrdinaryDividend |
Sep 27, 2019 | $0.030 | OrdinaryDividend |
Jun 27, 2019 | $0.100 | OrdinaryDividend |
Mar 28, 2019 | $0.025 | OrdinaryDividend |
Sep 27, 2018 | $0.025 | OrdinaryDividend |
Jun 28, 2018 | $0.060 | OrdinaryDividend |
Mar 28, 2018 | $0.026 | OrdinaryDividend |
Dec 28, 2017 | $0.055 | OrdinaryDividend |
Sep 28, 2017 | $0.036 | OrdinaryDividend |
Jun 29, 2017 | $0.085 | OrdinaryDividend |
Mar 30, 2017 | $0.021 | OrdinaryDividend |
Dec 29, 2016 | $0.102 | OrdinaryDividend |
Sep 29, 2016 | $0.023 | OrdinaryDividend |
Jun 29, 2016 | $0.075 | OrdinaryDividend |
Mar 30, 2016 | $0.020 | OrdinaryDividend |
Dec 30, 2015 | $0.060 | OrdinaryDividend |
VMEIX - 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 |
---|---|---|---|
0.07 | 23.55 | 5.98 | 7.93 |