STAKX — Core Market Neutral Fund

STAKX Fund Overview

STAKX — Core Market Neutral Fund is a US mutual fund managed by Northern Lights Fund Trust, 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: Northern Lights Fund Trust
• Category: Developed ex-US Blend / Core Equity
• Assets under management: $25.20M
• Ticker: STAKX
• SEC CIK: 0001314414
• SEC series ID: S000058323
• Share class ID: C000191200

STAKX Investment Objective and Strategy

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

Investment objective

The Fund seeks capital appreciation with a low correlation to broad equity market indices.

Principal investment strategy

The Fund seeks exposure to equity and equity-related securities based on statistical arbitrage strategies. Statistical arbitrage strategies use quantitative and statistical data analysis to take advantage of pricing aberrations in equity and equity-related securities. The Funds advisor seeks exposure to statistical arbitrage strategies by investing the Funds assets in negotiated derivative instruments with counterparty banks (such as a swap, option, or other derivative) that provides exposure to one or more statistical arbitrage strategies. To preserve principal and to generate income, the advisor may also invest the Funds assets in short-term investment grade fixed-income securities. Such short-term fixed income securities include commercial paper and U.S. Treasury securities. Additionally, the Fund has exposure to long or short positions in equity securities of U.S.

and non-U.S. companies of various market capitalizations. The Fund defines equity securities as common and preferred stocks as well as equity-related securities such as securities and financial instruments (e.g. derivatives) that derive their value from equity securities. The equity and equity-related securities in which the Fund invests may be listed or unlisted, of issuers of any size, and may include, but are not limited to, common stocks, preferred stocks, rights, warrants and total return swap contracts (including equity and asset swaps). Equity swaps may be based on a single name equity, a broader basket of equities, or an equity index. With respect to derivatives that provide exposure to one or more third-party managers statistical arbitrage strategies, the Funds exposure to long and short positions will be based on the managers statistical arbitrage strategy which employs statistical and quantitative analysis to identify pricing aberrations in equity and equity-related securities.

The managers strategy seeks to take advantage of the pricing aberrations identified by its model utilizing price data, fundamental data, and corporate events as inputs. In normal market conditions, the advisor will attempt to maintain an exposure to statistical arbitrage strategies at or near both market neutral (that is, an equal amount of long and short position exposure) and beta neutral (that is, the net volatility of the Funds holdings has little or no correlation to the markets volatility). In general, the Fund will take or have exposure to long positions in those securities believed to be undervalued, and short positions in those securities that believed to be overvalued. The adviser or manager sells a long position when a price target is reached, fundamentals have deteriorated or more attractive investments are available.

The advisor or manager covers (buys back) short positions when a price target is reached, fundamentals have improved or more attractive short positions are available.

STAKX Costs and Fees

STAKX costs about $186 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.86%
• Gross expense ratio: 2.79%
• Portfolio turnover: 0%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

STAKX Cashflows

Over the 12 months to 2020-03, Core Market Neutral Fund had net inflows of $369.57K, from monthly SEC N-PORT filings.

STAKX Debt Constituents

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

STAKX Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2019-07-30
• Prospectus (485BPOS) — filed 2019-02-19
• Prospectus (485BPOS) — filed 2018-07-30
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Annual census (N-CEN) — filed 2020-06-12
• Annual census (N-CEN) — filed 2019-06-14

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)
• Long Cramer Tracker ETF (LJIM)
• Baillie Gifford International Smaller Companies Fund (BICKX)
• Alpha Architect US Equity 5 ETF (AAUD)

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.