CONVX — Certeza Convex Core Fund

CONVX Fund Overview

CONVX — Certeza Convex Core Fund is a US mutual fund managed by Northern Lights Fund Trust II, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Northern Lights Fund Trust II
• Category: Money Market
• Assets under management: $5.20M
• 1-year return: -12.7%
• Ticker: CONVX
• SEC CIK: 0001518042
• SEC series ID: S000070462
• Share class ID: C000223968

CONVX Investment Objective and Strategy

Certeza Convex Core Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust II.

Investment objective

The investment objective of the Certeza Convex Core Fund (the Fund) is to seek total return.

Principal investment strategy

Under normal circumstances, the Fund invests primarily in (i) long and short call and put options on Standard & Poors 500 Index (S&P 500) instruments, (ii) long and short positions on Standard & Poors 500 Index (S&P 500) instruments, (iii) long and short call and put options, futures or positions on Chicago Board Options Exchange, Incorporated (CBOE) Volatility Index (VIX) or VIX exchange traded notes (ETNs) (collectively, VIX Derivative Instruments), and (iii) cash, cash equivalents (including short term treasury securities) and short term, investment grade debt securities, including exchange traded funds (ETFs) holding or futures contracts on such securities or indices of such securities. The Fund seeks to achieve its investment objective by investing in long and short call and put options on S&P 500 instruments as well as long and short positions on such instruments to provide exposure to the US large cap equity market.

S&P 500 Instruments include index futures and ETFs. A put is an option contract giving the owner the right (but not the obligation) to sell a specified amount of an underlying asset at a set price within a specified time. A call is an option contract giving the owner the right (but not the obligation) to buy a specified amount of an underlying security at a specified price within a specified time. The Funds Adviser manages the Funds equity exposure using a quantitative process that relies on mathematics to determine investment decisions and seeks to remove as much emotion and discretion as possible by automating the investment process in a systematic manner. The strategy seeks to create a convex return and risk profile that provides upside exposure to the US large cap equity market while actively working to reduce downside risk.

The investment process, however, may not be successful in doing so. The Advisers systematic process, based on historic and real-time S&P 500 index and index option price data to mathematically determine target equity exposure expressed through option trades. Factors related to positioning calls/puts, size, strike price, and time to expiration will be determined in a systematic manner to seek targeted upside and downside beta capture of the S&P 500 Index. Upside and downside beta capture of the S&P 500 Index is a measure of how the strategy has outperformed the benchmark during periods of market strength and weakness. The Fund also invests in VIX Derivative Instruments using a quantitative process that relies on mathematics to determine investment decisions and seeks to remove as much emotion and discretion as possible by automating the investment process in a systematic manner.

The process provides the portfolio with direct volatility exposure which seeks to exploit the expected relationship between the S&P 500 Index and the VIX Index in order to enhance portfolio returns. VIX Derivative Instruments exposure will vary, but could represent as much as 20% of the portfolio at any one time. The VIX Index is a key measure of market expectations of near-term volatility conveyed by S&P 500 option prices. The VIX Index estimates expected volatility by aggregating the weighted prices of S&P 500 Index puts and calls over a wide range of strike prices. All futures and options positions held by the Fund are exchange-traded and collateralized with cash, cash equivalents (for example, Treasury Bills, commercial paper and money market fund shares), other listed options, debt rated investment grade by at least one nationally recognized statistical rating organization (NRSRO) or ETFs investing in such instruments.

The Fund actively trades its portfolio investments, which may lead to higher transaction costs that may affect the Funds performance.

CONVX Performance

Total returns for CONVX (as of 2026-10-01), from SEC filings.

CONVX Risk Information

Risk metrics for CONVX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 19.0%

CONVX Costs and Fees

CONVX costs about $211 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.11%
• Gross expense ratio: 9.66%
• Portfolio turnover: 0%
• Brokerage commissions: 23.78 bps of average net assets (SEC N-CEN)

CONVX Cashflows

Over the 12 months to 2022-05, Certeza Convex Core Fund had net inflows of $12.33M, from monthly SEC N-PORT filings.

CONVX Debt Constituents

No individual debt constituents are reported in Certeza Convex Core Fund's latest SEC N-PORT filing.

CONVX Prospectus and SEC Filings

Official Certeza Convex Core Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-03-24
• Prospectus (485BPOS) — filed 2021-01-11
• Portfolio holdings (N-PORT) — filed 2022-07-08
• Portfolio holdings (N-PORT) — filed 2022-04-21
• Portfolio holdings (N-PORT) — filed 2022-01-28
• Annual census (N-CEN) — filed 2022-02-11

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

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.