TRAGX — Trend Aggregation Growth Fund

TRAGX Fund Overview

TRAGX — Trend Aggregation Growth Fund is a US mutual fund managed by Mutual Fund & Variable Insurance Trust, categorised as United States Real Estate. 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: United States Real Estate
• Assets under management: $70.64M
• Ticker: TRAGX
• SEC CIK: 0000810695
• SEC series ID: S000061545
• Share class ID: C000199390

TRAGX Investment Objective and Strategy

Trend Aggregation Growth 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 investment objective is to seek long-term capital appreciation

Principal investment strategy

The Fund seeks to achieve its investment objective by employing a tactical approach to obtain exposure to U.S. equity markets. Under normal market conditions, the Fund expects to invest primarily in common stock of growth companies traded on US exchanges, including American Depository Receipts, and in exchange traded funds (ETFs), including leveraged ETFs, that track major indices; however, depending on the Funds tactical trading models, the Fund may invest all or a significant portion of its assets in cash and cash equivalents, including treasury ETFs. The Fund may also invest in inverse ETFs for hedging purposes. An inverse ETF is designed to produce daily returns, before the effect of fees and expenses, that are the opposite of the daily returns of a reference index. A leveraged ETF is designed to produce daily returns, before the effect of fees and expenses, that are a multiple of the daily returns of a reference index.

The common stock held by the Fund may be of any market capitalization but is expected to be primarily invested in large capitalization companies. The Fund defines large capitalization as at least $10 billion. From time to time the Fund may invest more than 15% of its total assets in one or more particular sectors, including the industrial, consumer discretionary, consumer staples, utility, REITs, health care, energy, and financial sectors. The Advisor utilizes a proprietary quantitative processes to create a basket of securities for investment by the Fund. To select stocks, the Advisor seeks to identify companies within the Nasdaq 100 Index and the S&P 500 Index that exhibit strong price momentum and earnings growth, or that are undervalued. The expected correlations of individual stocks price movements determines the allocation of the Funds assets between common stock and index ETFs.

The higher the correlation between the individual stock the higher the allocation to index ETFs. Tactical models are then applied to those securities within the basket which direct for investment of the securities by the Fund or to direct for investment in cash and cash equivalents. Three tactical models implemented by the Advisor are: Trend Following --- The trend following models seeks to identify strong sectors to buy and weak sectors to sell. Trend following is based on the idea that strong areas of the market will remain strong and weak areas will remain weak. Mean Reversion --- The mean reversion models look for strong sectors that appear overbought to sell and weak sectors that appear oversold to buy. Mean reversion is based on the idea that market sectors often become overextended on the upside and downside before ultimately snapping back to equilibrium.

Intermarket Analysis --- These models will analyze market sectors that are correlated or uncorrelated and look for divergences. These divergences often signal major market turning points. The Fund actively trades its portfolio investments, which may lead to higher transaction costs that may affect the Funds performance. The Fund is classified as non-diversified for purposes of the Investment Company Act of 1940 (the 1940 Act), which means that it is not limited by the 1940 Act with regard to the portion of its assets that may be invested in the securities of a single issuer.

TRAGX Costs and Fees

TRAGX costs about $154 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.54%
• Gross expense ratio: 1.54%
• Portfolio turnover: 3634%
• Brokerage commissions: 84.24 bps of average net assets (SEC N-CEN)

TRAGX Cashflows

Over the 12 months to 2020-04, Trend Aggregation Growth Fund had net inflows of $44.32M, from monthly SEC N-PORT filings.

TRAGX Debt Constituents

No individual debt constituents are reported in Trend Aggregation Growth Fund's latest SEC N-PORT filing.

TRAGX Prospectus and SEC Filings

Official Trend Aggregation Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-09-11
• Prospectus (485BPOS) — filed 2018-03-21
• Prospectus supplement (497) — filed 2018-07-12
• Portfolio holdings (N-PORT) — filed 2020-06-29
• Annual census (N-CEN) — filed 2020-07-13
• Annual census (N-CEN) — filed 2019-07-15

Related Funds

Other United States Real Estate funds tracked on ABC INVEST:

• Vanguard Real Estate Index Fund (VGSIX)
• Vanguard Real Estate II Index Fund (VRTPX)
• Schwab U.S. REIT ETF (SCHH)
• Cohen & Steers Real Estate Securities Fund (CSEIX)
• The Real Estate Select Sector SPDR Fund (XLRE)

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.