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Mutual Fund & Variable Insurance Trust - Rational/NuWave Enhanced Market Opportunity Fund (NUXAX)

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6.580.00 (0.00%)
As of 09:00PM EDT. Market open.

Mutual Fund & Variable Insurance Trust - Rational/NuWave Enhanced Market Opportunity Fund

Rational Funds

36 North New York Avenue

Huntington, NY 11743

800-253-0412
Management information
Thomas Braddock,Lead manager since 30 April 2019
Mr. Braddock, Managing Director and Head Trader of NuWave Investment Management, LLC. Mr. Braddock is responsible for directing all aspects of the firm’s futures execution and clearing efforts across both managed account and fund offerings. Prior to joining the firm in 2002, Mr. Braddock had significant experience in servicing the global execution and clearing needs of a number of leading commodity trading advisors, having directly supervised and/or engineered a variety of futures execution strategies while effectively implementing same day and T+1 trade reconciliation procedures at such firms as Dean Witter Reynolds (1992-1997), Hyman Beck & Company (1997-2000) and Salomon Smith Barney (2000-2002). Mr. Braddock received a B.A. from Western New England College with a major in Business Management.
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryAllocation--70% to 85% Equity
Fund familyRational Funds
Net assets11.81M
YTD return-46.37%
Yield0.61%
Morningstar ratingN/A1
Inception date27 Feb 2018

Fund operations

Last dividend0.88
Last cap gain0.00
Holdings turnover1,407.00%
Average for categoryN/A

Fees and expenses

ExpenseNUXAXCategory average
Annual report expense ratio (net)2.27%0.71%
Prospectus net expense ratio2.27%N/A
Prospectus gross expense ratio2.77%N/A
Max 12b1 fee0.25%N/A
Max front end sales load5.75%4.99%
Max deferred sales loadN/A1.43%
3-yr expense projection1,340N/A
5-yr expense projection1,913N/A
10-yr expense projection3,462N/A