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Carne Hedged Equity Investor (CRNEX)

14.26 Down 0.04(0.28%) Sep 16

Profile as of Aug 30, 2014Get Profile for:
Carne Hedged Equity Investor
Carne FundsP.O. Box 588Portland,ME 04112
Map
Phone: 877-356-9055
Fund Overview 
Category:Large Value
Fund Family:Carne
Net Assets:44.22M
Year-to-Date Return:-11.03%
Yield:0.18%
Morningstar Rating:1 stars
Fund Inception Date:Nov 2, 2009
Morningstar Style Box 
Large Value
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Management Information 
F. Sean Bonner
Lead Manager since Nov 2, 2009
Mr. Bonner is the founder and Chief Investment Officer of Carne Capital, LLC. He has been a portfolio manager for the Fund since its inception and conducts the Fund's portfolio investments and risk management. Mr. Bonner has 20 years of experience in managing equity and equity derivatives portfolios. During that time, he created the proprietary investment model used by the Fund. On a daily basis Mr. Bonner implements the investment process, reviews the risk and performance of the Fund as well as overseeing all trading for the Fund. Prior to managing the Fund, Mr. Bonner worked for Deutsche Bank in New York City in its Global Equity Derivatives division from 2004 to 2008. From 1997 to 2004, Mr. Bonner founded and served as the manager of the Bonner Investment Group, which was a Philadelphia Stock Exchange and American Stock Exchange member firm specializing in proprietary option trading. From December 1993 to 1997 Mr. Bonner options market maker for an AMEX and PHLX member firm that specialized in proprietary options trading. He earned a B.A. from the University of Delaware, 1993 and is an officer in the United States Navy Reserve.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:2,500
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:100
CRNEX can be purchased from 22 brokerages.

Fund Summary 
The investment seeks long-term capital appreciation. Under normal conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. equity securities of large market capitalization companies and instruments that provide exposure to such securities, including common, preferred and convertible stock, warrants and American Depositary Receipts ("ADRs"). The Adviser considers large market capitalization companies to be those with market capitalizations in the range of the Standard & Poor's 500 Index at the time of purchase.

Fund Operations 
Last Dividend (Mar 30, 2014) : 0.01
Last Cap Gain : 0.00
Annual Holdings Turnover (Sep 14, 2014) : 73.00%
Average for Category:34.98%
Fees & Expenses 
ExpenseCRNEXCategory Avg
Annual Report Expense Ratio (net):2.17%1.13%
Prospectus Net Expense Ratio:2.17%N/A
Prospectus Gross Expense Ratio:2.17%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A5.38%
Max Deferred Sales Load: N/A2.33%
3 Yr Expense Projection*:679528
5 Yr Expense Projection*:1,164836
10 Yr Expense Projection*:2,5031,674
* Per $10,000 invested