Main BuyWrite Fund – A Core Holding within your Alternative Allocation

FUND OVERVIEW

Main BuyWrite Fund – A Core Holding within your Alternative Allocation

Main BuyWrite Fund

Inception Date:12/29/2015
Distribution Schedule: Quarterly
No Load

Institutional Share Class

Ticker: BUYWX
CUSIP:66538H708
12b-1 Fee: None
The Total Annual Fund Operating Expense: 1.75%
Net Expense Ratio: 1.20%
(After fee waiver / expense reimbursement)
Minimum Investment: $100,000

Fund Objective

The objective of the Main BuyWrite Fund is to provide superior risk-adjusted total returns relative to Morningstar Option Writing Category by investing in a portfolio of exchange traded funds (ETFs) selected through fundamental reversion to the mean analysis while utilizing a covered call writing (selling) strategy in an effort to dampen volatility. Secured puts may also be written (sold) to potentially generate an additional source of portfolio return while providing equity exposure at pre-determined price targets.

There is no guarantee that the fund will achieve its objectives, generate profits or avoid losses.

Liquid Alternative Mutual Funds

Investment Philosophy – Our Approach Seeks out the Best Aspects of Active and Passive Management




BuyWrite Mutual Funds


Equity Investment Process – Global Macro with a Focus on Value

We are value investors and seek to own investments at attractive valuations relative to their historical valuations and their peers currently. In order to avoid the classic “Value Trap” we seek a catalyst that should lead to near-term price appreciation (mean reversion). We do not limit our search for value and will look across markets and asset classes in search of it.



Covered Call Mutual Funds


Options Investment Process – May Effectively Reduce Downside Risk

Call options may be sold on 0 to 100% of the underlying ETF portfolio holdings in order to generate premium income which may provide an additional source of portfolio return and may reduce overall portfolio volatility. Call options are typically written one month out but may be written over one year out at the discretion of the investment committee. Options may be written “in the money”, “ at the money”, or “out of the money” on a position by position basis in order to target a specific level of the possible upside participation/downside protection of the portfolio. Options which have been written are monitored on a daily basis and may be purchased back in order to adjust the possible upside participation/downside protection of the portfolio.
Liquid Alternative Fund - BuyWrite

How to Use the Fund in your Portfolio

A Core Holding within your Alternative Allocation



>> potentially reduce equity portfolio volatility

>> potentially enhance returns in a flat or down equity market

>> potentially increase portfolio income in a flat or down equity market

Portfolio Managers

KIM D. ARTHUR

Founding Partner

JAMES W. CONCIDINE

Founding Partner

J. RICHARD FREDERICKS

Founding Partner

KIM D. ARTHUR

Kim D. Arthur is a founding partner of Main Management, LLC. He currently serves as Main’s CEO and Portfolio manager. In 2009 Kim was recognized by Institutional Investor Magazine as a "Rising Star" of Foundations and Endowments. Kim is a regular speaker at national conferences and was a featured speaker at the Inside ETFs conference in Florida 2010 - 2013. Kim has been profiled in articles by Index Universe and Suite 101 and referenced in Barrons, Wall Street Journal, Business Week and Fortune Magazine among others. Kim began his financial career in 1987 when he joined Montgomery Securities in their Institutional Sales division, marketing U.S. equities to Japanese institutions. He was promoted to managing director of institutional sales in 1997 during the period when Montgomery was purchased by Nations Bank. By 1999 he had advanced to the transitional head of International Sales for Banc of America Securities, following Bank of America’s takeover of Nations Bank. From 2000-2001 Kim was named the head of the Institutional Sales and Trading Department overseeing 60 sales traders in 6 cities. From January 2002 through August 2002 he was appointed the head of Equity Product Marketing. He served on the Investment Policy Committee and the Executive Management Committee at Banc of America Securities from 2000-2002.

JAMES W. CONCIDINE

James W. Concidine is a founding partner of Main Management, LLC. He currently serves as a Managing Director and is a member of the Investment Committee. Jim began his career in the financial services industry in 1970 as a stock broker for Dain Kalman Quail in Rochester and Minneapolis, Minnesota. From 1978 to 1982, Mr. Concidine worked in the Institutional Sales group where he marketed U.S. equities to institutional accounts in the UK. He joined Montgomery Securities in 1983 as Head of the International Institutional Sales Team. From 1983 to 1992 he expanded the department to a team of 10 brokers covering global accounts outside the US. He retired from Montgomery Securities in 1992. Since 1995, he has served as CIO for a sizable San Francisco family office where his duties include manager selection and asset allocation.

AMBASSADOR J. RICHARD FREDERICKS

Ambassador J. Richard Fredericks is a founding partner of Main Management, LLC. He currently serves as a Managing Director and is a member of the Investment Committee. He began his career with Dean Witter in 1970 as a securities analyst. In 1977, he joined Montgomery Securities (now Banc of America Securities) as a partner and later Senior Managing Director in Investment Research, covering the banking and financial service area. For 17 consecutive years, Mr. Fredericks was chosen by Institutional Investor Magazine as an “All-American” Research Analyst, covering the commercial banking industry. In 1995, Mr. Fredericks formally changed roles to oversee the firm’s investment banking effort for the financial industry. Mr. Fredericks served as United States Ambassador to both Switzerland and Liechtenstein from 1999 to 2001. Mr. Fredericks currently is on the Board of Directors of the Janus Capital Group; Loyola University, Maryland Board of Directors; Advisor to Clinkle.com; Member of the board and grower for Turley Wine Cellars; the Library of Congress Trust Fund Board and the Advisory Board of Financial Technology Ventures. He previously served on the Board of Directors of the Chiron Corporation (acquired), the International Advisory Board of Komatsu; the Board of Regents of Georgetown University and Georgetown’s Robert Emmett McDonough School of Business; and the Board of Regents of St. Ignatius College Preparatory School.  

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