AVOLX — Arin Large Cap Theta Fund
Data updated: 2023-05-15
AVOLX — Arin Large Cap Theta Fund. United States Large Cap Blend / Core Equity · $123.82M AUM. Holdings, fees, performance and SEC filings.
AVOLX Fund Overview
AVOLX — Arin Large Cap Theta Fund is a US mutual fund managed by Starboard Investment Trust, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Starboard Investment Trust
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $123.82M
- 1-year return: -8.9%
- Ticker: AVOLX
- SEC CIK: 0001464413
- SEC series ID: S000037782
- Share class ID: C000116540
AVOLX Investment Objective and Strategy
Arin Large Cap Theta Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Starboard Investment Trust.
Investment objective
"The Arin Large Cap Theta Fund (the ""Fund"") seeks maximum relative total return versus the S&P 500 Stock Index through a combination of capital appreciation and current income."
Principal investment strategy
"The Fund's investment advisor, Arin Risk Advisors, LLC (the ""Advisor""), seeks to achieve the Fund's investment objective by investing in a portfolio of common stocks, exchange-traded funds (""ETFs""), options and futures contracts . The Advisor may use options to hedge the Fund's portfolio or for investment purposes depending on expected market trends and to generate income. As a matter of investment policy, the Fund will invest, under normal circumstances, at least 80% of net assets, plus borrowings for investment purposes, in a portfolio of securities whose value is based on companies with market capitalizations that qualify them as ""large-cap"" companies. The Advisor considers a company to be a ""large cap"" company if its market capitalization is at least $10 billion . While t he Fund typically invests in common stocks, ETFs, options, and futures contracts, it has the ability to invest in other types of equity securities, such as preferred stocks and warrants, that satisfy the Fund's investment criteria.
The Fund will be primarily invested in securities that are linked to the performance of broad-based market indexes, such as the S&P 500 Index, that represent the U.S. large-cap equity market (an ""Index""). A primary means of gaining exposure to an Index is through the purchase and sale of options. The Fund's assets may serve as collateral for options that are bought and sold in an attempt to track the return of an Index, limit risk relative to an Index, and generate a series of cash flow. There is no assurance these objectives will be met. In addition to options, the Fund may include securities such as baskets of individual equities, ETFs, futures, and options on futures contracts based on an Index . These securities may also include a group of common stocks that the Advisor believes will track the performance of the large-cap equity market.
At times, a relatively high percentage of this portion of the portfolio may be invested in a single ETF or a limited number of selected stocks or ETFs that attempt to track an Index. The percentage of the Fund invested in these securities will change from time to time as the Advisor deems appropriate based on its analysis and its discretion . The Fund may be fully invested in options. The exchange-traded options in the Fund's portfolio each have a trading volume sufficient to preclude the Fund's trades from influencing prices. The Fund may also use put spreads to limit the downside risk of the Fund. A put spread is when a fund sells one put option and simultaneously buys an offsetting position in another put option. The maximum upside is the net premium collected and the maximum downside is equal to the difference in the respective strike prices, less the premium collected.
The Advisor also allocates a portion of the Fund's assets to cash or cash equivalents, including United States Treasury Securities, money-market instruments and money-market mutual funds."
AVOLX Holdings
Top 6 holdings of Arin Large Cap Theta Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| S&P 500 Spx Index | 0.56% |
| S&P 500 Spx Index | 0.31% |
| S&P 500 Spx Index | 0.21% |
| S&P 500 Spx Index | 0.11% |
| S&P 500 Spx Index | 0.07% |
| S&P 500 Spx Index | 0.03% |
AVOLX Portfolio Allocation
Asset-class allocation of Arin Large Cap Theta Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Derivatives | 1.3% |
AVOLX Performance
Total returns for AVOLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -8.9% |
| 3 years (annualised) | 3.9% |
AVOLX Risk Information
Risk metrics for AVOLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.4%
AVOLX Costs and Fees
AVOLX costs about $63 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.63%
- Portfolio turnover: 0%
- Brokerage commissions: 6.57 bps of average net assets (SEC N-CEN)
AVOLX Cashflows
Over the 12 months to 2023-02, Arin Large Cap Theta Fund had net inflows of $199.17M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-02 | $46.07M |
| 2023-01 | $64.58M |
| 2022-12 | $26.41M |
| 2022-11 | $19.27M |
| 2022-10 | $2.63M |
| 2022-09 | $5.20M |
AVOLX Debt Constituents
No individual debt constituents are reported in Arin Large Cap Theta Fund's latest SEC N-PORT filing.
AVOLX Prospectus and SEC Filings
Official Arin Large Cap Theta Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-06-21
- Prospectus (485BPOS) — filed 2021-07-16
- Prospectus (485BPOS) — filed 2020-07-20
- Portfolio holdings (N-PORT) — filed 2023-03-21
- Portfolio holdings (N-PORT) — filed 2023-01-23
- Portfolio holdings (N-PORT) — filed 2022-10-27
- Annual census (N-CEN) — filed 2023-05-15
- Annual census (N-CEN) — filed 2022-05-11
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.