MARNX — Convergence Core Plus Fund

MARNX Fund Overview

MARNX — Convergence Core Plus Fund is a US mutual fund managed by Trust For Professional Managers, categorised as Developed ex-US 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: Trust For Professional Managers
• Category: Developed ex-US Blend / Core Equity
• Assets under management: $29.30M
• 1-year return: 28.2%
• Ticker: MARNX
• SEC CIK: 0001141819
• SEC series ID: S000027238
• Share class ID: C000082221

MARNX Investment Objective and Strategy

Convergence Core Plus Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust For Professional Managers.

Investment objective

The investment objective of the Convergence Core Plus Fund (the Fund or Core Plus Fund) is to seek long-term capital growth.

Principal investment strategy

The Fund seeks to achieve its investment objective by establishing long and short positions in equity securities of domestic and foreign companies. The Fund focuses primarily on companies with medium and large market capitalizations, although the Fund may establish long and short positions in companies of any market capitalization. The Core Plus Fund generally considers companies with medium and large market capitalizations to be those companies that comprise the upper half of the Russell 3000 Total Return Index. As of January 31, 2018, the market capitalization range of the upper half of the Russell 3000 Total Return Index was between $1.8 billion and $851.7 billion. The Fund will hold long (purchase) securities that Convergence Investment Partners, LLC (the Adviser) believes will outperform the market, and will sell short securities expected to underperform the market.

The Fund intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 100%. Under normal market conditions, the Funds long positions may range from 120% to 150% and its short positions may range from 20% to 50%. In making investment decisions for the Fund, the Adviser utilizes a bottom-up approach that focuses on the individual strengths of the underlying companies and the relative and absolute attractiveness of the companies stocks. Using a proprietary model, the Adviser first employs a quantitative method of analysis based on four broad categories: growth; valuation; behavioral; and risk. The Adviser seeks to maximize return while minimizing the risk assumed by the Fund by utilizing a dynamic weighting scheme to calculate a securitys risk-adjusted return as compared to other securities, and balancing the effect of a purchase or sale of a security against diversification and risk management constraints of the Funds portfolio.

The Adviser makes decisions to buy and sell securities according to this model.

MARNX Performance

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

MARNX Risk Information

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

• 1-year volatility (annualised): 8.6%

MARNX Costs and Fees

MARNX costs about $239 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.39%
• Gross expense ratio: 2.58%
• Portfolio turnover: 304%
• Brokerage commissions: 12.16 bps of average net assets (SEC N-CEN)

MARNX Cashflows

Over the 12 months to 2021-11, Convergence Core Plus Fund had net inflows of $26.11M, from monthly SEC N-PORT filings.

MARNX Debt Constituents

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

MARNX Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2022-02-11
• Prospectus (485BPOS) — filed 2021-03-25
• Prospectus (485BPOS) — filed 2020-04-06
• Portfolio holdings (N-PORT) — filed 2021-12-22
• Portfolio holdings (N-PORT) — filed 2021-10-28
• Portfolio holdings (N-PORT) — filed 2021-06-30
• Annual census (N-CEN) — filed 2022-02-11
• Annual census (N-CEN) — filed 2021-02-11

Related Funds

Other Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:

• State Street International Stock Selection Fund (SSAIX)
• Columbia Pyrford International Stock Fund (PISJX)
• Core Market Neutral Fund (STTKX)
• Long Cramer Tracker ETF (LJIM)
• Baillie Gifford International Smaller Companies Fund (BICKX)

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.