Bishop Volatility Flex Investor
4020 South 147th StreetOmaha, NE 68137
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Phone: 877-705-1115
| Category: | Long/Short Equity | | Fund Family: | Bishop Asset Management | | Net Assets: | 2.36M | | Year-to-Date Return: | -1.86% | | Yield: | 0.00% | | Morningstar Rating: | N/A | | Fund Inception Date: | Jan 2, 2007 |
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Kevin Nugent
Lead Manager since Nov 18, 2010 | | | Kevin Nugent
Chief Investment Officer
Mr. Nugent has been a Guaranteed Introducing Broker with MF Global through Nugent Investment Group, LLC, since 2002. Additionally, since 2007 he has been a portfolio manager at Huntington Bay Capital Management and HFP Investment Management, with an emphasis on trading a proprietary volatility strategy for a hedge fund.He has held senior positions at Smith Barney, UBS and Prudential Securities where he developed low risk market strategies by using a proprietary trading model and statistical analysis. He also has extensive experience in developing various hedging strategies for commercial and institutional clients.
Mr. Nugent graduated in 1981 with a Bachelor of Arts degree from Ohio Wesleyan University. He holds a Series 3 (National Commodities Futures) license. He is NASD Series 65 (Uniform Investment Advisor Law Examination) examination qualified. |
| Min Initial Investment: | 5,000 | | Min Initial Investment, IRA: | 2,000 | | Min Initial Investment, AIP: | 5,000 | | Min Subsequent Investment: | 2,000 | | Min Subsequent Investment, IRA: | 500 | | Min Subsequent Investment, AIP: | 100 |
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| The investment seeks capital appreciation with capital preservation as a secondary goal.
The fund seeks to achieve its investment objectives by investing primarily in a combination of call and put options on the Standard & Poor's 500 Index and short-term U.S. treasury securities. It seeks to achieve its primary investment objective - capital appreciation - from gains on purchased and written options on the S&P 500 Index or exchange traded funds ("ETFs") linked to the S&P 500 Index. |
| Last Dividend
:
| 0.00 | | Last Cap Gain
(Dec 22, 2011)
:
| 0.00 | | Annual Holdings Turnover
(Nov 28, 2012)
:
| N/A | | Average for Category: | 396.78% |
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| Expense | BVFVX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 1.75% | 1.97% | | Prospectus Net Expense Ratio: | 2.00% | N/A | | Prospectus Gross Expense Ratio: | 20.42% | N/A | | Max 12b1 Fee: | 0.25% | N/A | | Max Front End Sales Load: | N/A | 5.33% | | Max Deferred Sales Load:
| N/A | 1.24% | | 3 Yr Expense Projection*: | 3,786 | 969 | | 5 Yr Expense Projection*: | 6,349 | 1,554 | | 10 Yr Expense Projection*: | 10,003 | 3,158 |
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0.91%