TRDVX — Trend Aggregation Dividend And Income Fund

TRDVX Fund Overview

TRDVX — Trend Aggregation Dividend And Income Fund is a US mutual fund managed by Mutual Fund & Variable Insurance Trust, categorised as 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: Real Estate
• Assets under management: $55.88M
• Ticker: TRDVX
• SEC CIK: 0000810695
• SEC series ID: S000061544
• Share class ID: C000199386

TRDVX Investment Objective and Strategy

Trend Aggregation Dividend And Income 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 current income

Principal investment strategy

The Fund seeks to achieve its investment objective by employing a tactical approach to obtain exposure to income-producing securities. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in dividend and other income producing securities. Dividend and income producing securities that the Fund may invest in include (i) dividend paying common stock; (ii) cash and cash equivalents including short-term treasury exchange traded funds (ETFs); and (iii) long-term treasury ETFs and inverse treasury ETFs. 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. Under normal market conditions, the Fund expects to be primarily invested in dividend paying common stocks; however, depending on the signals of the Funds tactical trading models, the Fund may invest all or a large portion of its assets in cash and cash equivalents.

The Advisor expects this tactical trading strategy will produce low return volatility by moving to cash or other defensive instruments when market conditions are unfavorable. Volatility is a statistical measure of the magnitude of changes in the Funds returns without regard to the direction of the returns. The Fund invests in stocks of companies within the S&P 500 Index and expects to be invested primarily in large capitalization companies, although there is no specific limit on the capitalization of the companies in which the Fund may invest. 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 Funds investment adviser, Tuttle Tactical Management, LLC (the Advisor), utilizes a proprietary quantitative process to select companies for investment by the Fund. The Advisor creates a basket of dividend paying companies within the S&P 500 Index based upon analysis of the companies dividend growth, liquidity, sector diversity and potential for capital appreciation in near term. Tactical models are then applied to those securities within the basket and direct for investment in the securities by the Fund or 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.

TRDVX Costs and Fees

TRDVX costs about $143 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.43%
• Gross expense ratio: 1.43%
• Portfolio turnover: 3207%
• Brokerage commissions: 57.18 bps of average net assets (SEC N-CEN)

TRDVX Cashflows

Over the 12 months to 2020-04, Trend Aggregation Dividend And Income Fund had net inflows of $33.03M, from monthly SEC N-PORT filings.

TRDVX Debt Constituents

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

TRDVX Prospectus and SEC Filings

Official Trend Aggregation Dividend And Income 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 Real Estate funds tracked on ABC INVEST:

• ICON Opportunities Fund (ICONX)
• Leatherback Long/Short Absolute Return ETF (LBAR)
• VanEck Real Estate TruSector ETF (TRUR)

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.