VMEIX: Securian AM Managed Volatility Eq Instl - MutualFunds.com

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VMEIX Securian AM Managed Volatility Eq Instl

  • Fund
  • VMEIX
  • Price as of: Oct 11, 2019
  • $12.42 + $0.09 + 0.73%

VMEIX - Profile

Vitals

  • YTD Return 10.7%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $40.5 M
  • Holdings in Top 10 92.7%

52 WEEK LOW AND HIGH

$12.42
$11.14
$12.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

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

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Distributions

  • YTD Total Return 10.7%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Securian AM Managed Volatility Equity Fund
  • Fund Family Name Advantus
  • Inception Date Sep 29, 2015
  • Shares Outstanding 3259552
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Craig M. Stapleton

Fund Description

The fund invests in other funds or directly in securities while using hedging techniques to manage portfolio risk and volatility. It invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities include those that are equity-based, such as ETFs that invest primarily in U.S. and foreign equity securities.

VMEIX - Performance

Return Ranking - Trailing

Period VMEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -11.4% 24.6% 75.38%
1 Yr 4.5% -18.0% 21.2% 42.53%
3 Yr 5.4%* -6.5% 12.1% 46.70%
5 Yr N/A* -14.6% 11.2% N/A
10 Yr N/A* -12.7% 10.3% N/A

* Annualized


Return Ranking - Calendar

Period VMEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.6% -37.0% -0.1% 5.88%
2017 14.7% 3.8% 74.7% 52.27%
2016 2.4% -18.4% 66.3% 63.08%
2015 N/A -62.1% 10.0% N/A
2014 N/A -37.6% 16.3% N/A

Total Return Ranking - Trailing

Period VMEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -11.4% 24.6% 75.38%
1 Yr 4.5% -18.0% 21.2% 48.66%
3 Yr 5.4%* -6.5% 12.1% 62.11%
5 Yr N/A* -14.6% 11.2% N/A
10 Yr N/A* -12.7% 10.5% N/A

* Annualized


Total Return Ranking - Calendar

Period VMEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.6% -37.0% 2.2% 11.34%
2017 14.7% 5.9% 74.7% 70.45%
2016 2.4% -15.1% 66.3% 74.87%
2015 N/A -62.1% 11.5% N/A
2014 N/A -37.6% 18.1% N/A

NAV & Total Return History

VMEIX - Holdings

Concentration Analysis

VMEIX Category Low Category High VMEIX % Rank
Net Assets 40.5 M 143 K 7.18 B 72.12%
Number of Holdings 10 6 2327 89.22%
Net Assets in Top 10 41.2 M -90 M 4.04 B 63.57%
Weighting of Top 10 92.73% 13.7% 117.7% 26.39%

Top 10 Holdings

  1. iShares Edge MSCI Min Vol USA ETF 28.89%

  2. iShares Edge MSCI Min Vol EAFE ETF 22.52%

  3. iShares Core High Dividend ETF 16.18%

  4. E-mini S&P 500 Sept19 10.60%

  5. iShares Edge MSCI Min Vol Emerg Mkts ETF 5.41%

  6. iShares Short Maturity Bond ETF 4.33%

  7. iShares MSCI Germany ETF 3.65%

  8. United States Treasury Notes 2% 1.13%

  9. Cboe Mar Cll Opt 7/19 21 0.02%


Asset Allocation

Weighting Return Low Return High VMEIX % Rank
Stocks
86.86% 80.07% 102.95% 89.59%
Cash
8.25% -3.39% 16.83% 11.15%
Bonds
4.85% 0.00% 4.98% 4.46%
Convertible Bonds
0.05% 0.00% 3.11% 10.04%
Preferred Stocks
0.00% 0.00% 0.81% 91.82%
Other
0.00% -1.20% 10.84% 93.31%

Stock Sector Breakdown

Weighting Return Low Return High VMEIX % Rank
Financial Services
13.91% 0.00% 47.66% 56.13%
Consumer Defense
12.23% 0.00% 23.55% 4.46%
Healthcare
10.78% 0.00% 30.01% 16.36%
Industrials
9.77% 0.62% 43.54% 71.00%
Consumer Cyclical
7.57% 0.00% 24.84% 63.57%
Technology
7.15% 0.00% 42.37% 64.31%
Utilities
6.27% 0.00% 59.38% 34.57%
Communication Services
6.02% 0.00% 33.42% 15.99%
Energy
5.65% 0.00% 35.95% 39.78%
Real Estate
5.09% 0.00% 15.40% 53.90%
Basic Materials
2.27% 0.00% 18.13% 66.54%

Stock Geographic Breakdown

Weighting Return Low Return High VMEIX % Rank
US
55.37% -2.59% 76.73% 40.15%
Non US
31.49% 20.74% 100.17% 79.93%

Bond Sector Breakdown

Weighting Return Low Return High VMEIX % Rank
Cash & Equivalents
8.25% -2.90% 16.95% 11.15%
Corporate
2.40% 0.00% 7.59% 6.69%
Securitized
1.26% 0.00% 2.63% 5.58%
Government
1.23% 0.00% 2.53% 10.41%
Derivative
0.00% -5.61% 3.88% 74.72%
Municipal
0.00% 0.00% 0.05% 90.71%

Bond Geographic Breakdown

Weighting Return Low Return High VMEIX % Rank
US
4.12% -10.13% 4.60% 8.18%
Non US
0.73% 0.00% 10.31% 8.92%

VMEIX - Expenses

Operational Fees

VMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.00% 18.47% 54.92%
Management Fee 0.65% 0.00% 1.50% 47.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

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

Trading Fees

VMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 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.

VMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 448.00% 17.05%

VMEIX - Distributions

Dividend Yield Analysis

VMEIX Category Low Category High VMEIX % Rank
Dividend Yield 0.00% 0.00% 2.22% 97.03%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VMEIX Category Low Category High VMEIX % Rank
Net Income Ratio 1.73% -4.01% 5.73% 41.67%

Capital Gain Distribution Analysis

VMEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

VMEIX - Managers

Craig M. Stapleton

Manager

Start Date

Tenure

Tenure Rank

Sep 29, 2015

4.01

4.0%

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.


Jeremy Gogos

Manager

Start Date

Tenure

Tenure Rank

Jun 01, 2017

2.33

2.3%

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 L. Erickson

Manager

Start Date

Tenure

Tenure Rank

Dec 29, 2017

1.75

1.8%

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

0.0

Category High

35.11

Category Average

5.26

Category Mode

2.9