NVXAX — Navigator Sentry Managed Volatility Fund
Data updated: 2021-06-21
NVXAX — Navigator Sentry Managed Volatility Fund. Leveraged · $6.90M AUM · 1.75% expense ratio. Holdings, fees, performance and SEC filings.
NVXAX Fund Overview
NVXAX — Navigator Sentry Managed Volatility Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as Leveraged. 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
- Category: Leveraged
- Assets under management: $6.90M
- 1-year return: -61.6%
- Ticker: NVXAX
- SEC CIK: 0001314414
- SEC series ID: S000044047
- Share class ID: C000136697
NVXAX Investment Objective and Strategy
Navigator Sentry Managed Volatility Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.
Investment objective
The Navigator Sentry Managed Volatility Fund (Managed Volatility or a Fund) seeks negative correlation to the U.S. equity markets, including positive returns in unfavorable equity markets.
Principal investment strategy
The Fund seeks to provide protection against declines in the value of a shareholders portfolio of equity investments. The Fund generally seeks negative correlation to the U.S. equity markets, in order to obtain positive returns in an unfavorable equity market. To achieve its investment objective, the Fund may invest in options on securities and stock indexes (including index put-options), swaps, futures, structured notes, underlying funds including hedge funds, closed end funds, exchange traded funds (ETFs) and other mutual funds (collectively, Underlying Funds), exchange traded products including exchange traded notes (ETN), cash, cash equivalents, short term market instruments, and money market funds. In addition, the Fund may also use various options strategies that involve a combination of both put and call options.
The Funds decision regarding whether to utilize specific strategies will depend upon an evaluation of the available options, swaps, futures, Underlying Funds, ETNs or structured notes or other securities, and market conditions, which will dictate to what extent the Fund focuses on its hedging strategies. The Fund will reduce its exposure to hedging strategies in an up market to minimize the costs of providing market protection. Hedging Process and Strategies The adviser views stock market volatility as though it were an asset class, which is a key element to the portfolios risk management. The adviser allocates a portion of the Funds portfolio to hedging strategies on a systematic basis. As such, the adviser examines a series of volatility products and analyses potential market environments, to determine whether there exists a consistently advancing market, a declining market, or a low volatility-flat market.
The adviser seeks to optimize the hedging portfolio by seeking negative correlation to any given market environment. The Funds hedging strategies are expected to increase in value as the overall equity markets decline, providing downside protection to the U.S. equity markets. However, the value of your investment in the Fund generally will decrease when the broad-based equity market appreciates, or is unchanged. The adviser will manage the Fund and increase its allocation to investments in hedging strategies when the market declines. Conversely, when the markets make a significant move to the upside, the adviser will typically re-allocate a larger percentage of the portfolio to cash or cash equivalents to optimize risk management and preserve capital. The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund.
The Adviser may each engage in active and frequent trading to achieve the Funds investment objective.
NVXAX Performance
Total returns for NVXAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -61.6% |
NVXAX Risk Information
Risk metrics for NVXAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 50.4%
NVXAX Costs and Fees
NVXAX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 3.65%
- Portfolio turnover: 0%
- Brokerage commissions: 587.52 bps of average net assets (SEC N-CEN)
NVXAX Cashflows
Over the 12 months to 2021-04, Navigator Sentry Managed Volatility Fund had net inflows of $12.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-04 | $441.39K |
| 2021-03 | $309.01K |
| 2021-02 | $328.36K |
| 2021-01 | $6.01M |
| 2020-12 | $330.41K |
| 2020-11 | $506.20K |
NVXAX Debt Constituents
No individual debt constituents are reported in Navigator Sentry Managed Volatility Fund's latest SEC N-PORT filing.
NVXAX Prospectus and SEC Filings
Official Navigator Sentry Managed Volatility Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-03-02
- Prospectus (485BPOS) — filed 2020-03-03
- Prospectus supplement (497) — filed 2020-08-07
- Portfolio holdings (N-PORT) — filed 2021-06-21
- Portfolio holdings (N-PORT) — filed 2021-03-16
- Portfolio holdings (N-PORT) — filed 2020-12-16
- Annual census (N-CEN) — filed 2021-01-13
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
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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.