AINN Fund
Data updated: 2022-04-07
C000201843 — AINN Fund. Emerging Markets Blend / Core Equity · $12.68M AUM · 2.51% expense ratio. Holdings, fees, performance and SEC filings.
C000201843 Fund Overview
AINN Fund is a US mutual fund managed by MSS Series Trust, categorised as Emerging Markets 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: MSS Series Trust
- Category: Emerging Markets Blend / Core Equity
- Assets under management: $12.68M
- 1-year return: -10.8%
- SEC CIK: 0001368578
- SEC series ID: S000062274
- Share class ID: C000201843
C000201843 Investment Objective and Strategy
AINN Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by MSS Series Trust.
Investment objective
The Fund seeks capital gains.
Principal investment strategy
"The Fund's investment adviser seeks to achieve the Fund's investment objective by investing primarily in exchange-traded funds (""ETFs"") that each invest primarily in common stocks (Long ETFs). The adviser selects ETFs without restriction as to, capitalization or currency of the common stock issuers held by each ETF. The adviser selects ETFs that it believes have above-average liquidity and historical performance. When the adviser believes market conditions are favorable, the Fund invests in ETFs that invest primarily in large cap companies (those with a market capitalization of at least $10 billion) and invests its remaining assets in ETFs that invest primarily in mid-cap companies (over $4 billion to less than $10 billion) and small-cap companies ($1 to $4 billion). Up to 30% of the Funds investments may be in foreign developed and emerging markets and may be focused on one or more countries.
ETFs may be sector-based and may also be leveraged. A leveraged ETF is designed to produce daily returns, before the effect of fees and expenses, that are a multiple of the daily returns of a reference index The adviser will limit the Funds use of leveraged ETFs so that the Funds exposure to the market does not exceed 120% of its net assets. The adviser selects individual common stocks, including sponsored American Depository Receipts (""ADRs""), when it believes they offer higher returns than an ETF. When the adviser believes market conditions are unfavorable, it will allocate a significant portion of Fund assets to cash equivalents or to inverse ETFs. An inverse ETF is designed to produce daily returns, before the effect of fees and expenses, that are the opposite of the daily returns of a reference index.
The Fund will not invest in Inverse ETFs that employ leverage. The adviser will only invest in inverse ETFs if i has sold all of the Funds Long ETFs and will limit the Funds use of inverse ETFs so that the Funds inverse exposure to the market does not exceed 40% of its net assets. The adviser allocates assets among economic sectors, capitalization categories and countries using its quantitative and factor based strategy. The primary factors used are momentum, price trend, trading volume, and directional movement. This technology is intended to evaluate volatility and enhance risk mitigation. The adviser's strategy also includes, as inputs, more traditional techniques such as technical analysis and macro-economic analysis. Technical analysis is the study of an index's or a security's past prices and trading volumes for the purpose of forecasting price trends.
Macroeconomic analysis focuses on economic indicators, business cycles, wars, and industry/sector trends to generate an investment outlook. The adviser sells ETFs and common stocks using outputs from its system to identify when a price target is reached, expected returns decline or to replace an ETF or common stock with one with a higher expected return or lower expected volatility. The adviser reduces cash equivalents and inverse ETF positions when it believes overall market conditions have become favorable. The adviser expects to engage in frequent buying and selling of portfolio securities to achieve the Fund's investment objective."
C000201843 Performance
Total returns for C000201843 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -10.8% |
| 3 years (annualised) | 7.8% |
C000201843 Risk Information
Risk metrics for C000201843, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.7%
C000201843 Costs and Fees
C000201843 costs about $251 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.51%
- Gross expense ratio: 2.51%
- Portfolio turnover: 584%
- Brokerage commissions: 34.97 bps of average net assets (SEC N-CEN)
C000201843 Cashflows
Over the 12 months to 2022-02, AINN Fund had net outflows of $397.73K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-02 | −$1 |
| 2022-01 | −$349.09K |
| 2021-12 | $999.03K |
| 2021-11 | $1.10K |
| 2021-10 | −$122.82K |
| 2021-09 | $0 |
C000201843 Debt Constituents
No individual debt constituents are reported in AINN Fund's latest SEC N-PORT filing.
C000201843 Prospectus and SEC Filings
Official AINN Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-09-28
- Prospectus (485BPOS) — filed 2020-10-08
- Prospectus supplement (497) — filed 2022-01-25
- Portfolio holdings (N-PORT) — filed 2022-04-07
- Portfolio holdings (N-PORT) — filed 2022-01-21
- Portfolio holdings (N-PORT) — filed 2021-10-08
- Annual census (N-CEN) — filed 2021-08-05
- Annual census (N-CEN) — filed 2020-08-12
Related Funds
Other Emerging Markets 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.