NUXIX — Rational/NuWave Enhanced Market Opportunity Fund

Data updated: 2020-11-25

NUXIX — Rational/NuWave Enhanced Market Opportunity Fund. Capital Appreciation / Growth Allocation · $14.87M AUM. Holdings, fees, performance and SEC filings.

NUXIX Fund Overview

NUXIX — Rational/NuWave Enhanced Market Opportunity Fund is a US mutual fund managed by Mutual Fund & Variable Insurance Trust, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Mutual Fund & Variable Insurance Trust
Category: Capital Appreciation / Growth Allocation
Assets under management: $14.87M
Ticker: NUXIX
SEC CIK: 0000810695
SEC series ID: S000061342
Share class ID: C000198616

NUXIX Investment Objective and Strategy

Rational/NuWave Enhanced Market Opportunity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mutual Fund & Variable Insurance Trust.

Investment objective

The Funds objective is long-term capital appreciation.

Principal investment strategy

The Fund invests in a portfolio of equity securities in combination with long and short positions in commodities and financial futures with the goal of generating superior risk-adjusted returns compared with a typical long-only, non-leveraged equity portfolio. The Sub-Advisor expects that approximately 75% of the Funds assets will be allocated to the trading of equity securities (the Equity Component) and approximately 25% of the Funds portfolio will be allocated to the trading of commodity and financial futures, as well as cash and cash equivalents (the Futures Component). However, such percentages will vary based upon the Sub-Advisors investment outlook and assessment of prevailing market conditions. The combined portfolio is structured to be broadly diversified across markets, time horizons and trading styles, and the Sub-Advisor aims to achieve a substantial degree of non-correlation between the Equity Component and the Futures Component.

Equity Component. The Equity Component is comprised primarily of common stocks and exchange traded funds invested in equity securities of US companies. Although the Fund may invest in companies of any market capitalization without limit, the Fund expects to be invested predominately in companies with market capitalizations of $5 billion or more. The Fund may also invest in companies domiciled outside of the US. The Equity Component of the strategy employs a systematic process to identify repetitive patterns of price behavior that are indicative of prevailing market sentiment and/or institutional money flows into or out of individual securities and sectors. These factors are often indicative of large scale asset allocation shifts, sector rotation opportunities, and/or shifting sentiment indicators.

Individual stocks that are expected to outperform the benchmark index are targeted for inclusion in the portfolio, while those that are expected to underperform are either liquidated or excluded. The systematic portfolio selection process is further constrained real-time with respect to individual position size and sector exposure in order to ensure a meaningful variety of market exposures. Holding periods range from intraday to several weeks in length (depending upon the persistence of trending price behaviors). Futures Component. The Futures Component of the Funds portfolio holds long and short positions on futures contracts and maintains cash and cash equivalents to be utilized as margin or collateral. The Futures Component of the Funds assets will be allocated among various asset classes, including exposure to both financial futures (stock indices, fixed income and currencies) and commodity futures (energies, metals, grains, softs and meats).

Investments may be made in domestic and foreign markets. Investment in these instruments may be made by the Fund directly or indirectly by investing through its Subsidiary (as described below). Investments in Subsidiary The Adviser executes a portion of the Funds strategy by investing up to 25% of its total assets in a wholly-owned and controlled subsidiary (the Subsidiary). The Subsidiary invests the majority of its assets in commodities and other futures contracts. The Subsidiary is subject to the same investment restrictions as the Fund, when viewed on a consolidated basis. The Advisor and Sub-Advisor to the Fund are also Advisor and Sub-Advisor to the Subsidiary. The Fund is classified as non-diversified for purposes of the Investment Company Act of 1940 (the 1940 Act), which means a relatively high percentage of the Funds assets may be invested in the securities of a limited number of companies that could be in the same or related economic sectors.

NUXIX Costs and Fees

NUXIX costs about $202 per $10,000 invested per year in fund expenses.

Net expense ratio: 2.02%
Gross expense ratio: 2.37%
Portfolio turnover: 1407%
Brokerage commissions: 38.35 bps of average net assets (SEC N-CEN)

NUXIX Cashflows

Over the 12 months to 2020-09, Rational/NuWave Enhanced Market Opportunity Fund had net inflows of $38.91M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	$417.42K
2020-08	$478.19K
2020-07	$2.79M
2020-06	$2.97M
2020-05	$475.00K
2020-04	$1.43M

NUXIX Debt Constituents

No individual debt constituents are reported in Rational/NuWave Enhanced Market Opportunity Fund's latest SEC N-PORT filing.

NUXIX Prospectus and SEC Filings

Official Rational/NuWave Enhanced Market Opportunity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Capital Appreciation / Growth Allocation 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.