Advantus Mutual Funds
Advantus Mutual Funds

ADVANTUS DYNAMIC
MANAGED VOLATILITY FUND

Institutional Class - VVMIX

GOAL AND STRATEGY

The Advantus Dynamic Managed Volatility Fund, managed by Securian Asset Management, seeks to maximize risk-adjusted total return, with overall volatility of 10% or lower.

The Fund targets approximately 60% equity exposure and 40% fixed income exposure, and manages overall Fund volatility by adjusting the equity allocation as market conditions change.

The minimum equity allocation is 10% and the maximum equity allocation is 90% of the Fund's total market value. The Fund also invests in derivative instruments, primarily by holding long and/or short positions in S&P 500® futures contracts, to manage the Fund's equity volatility.

The S&P 500 Index consists of 500 large cap common stocks which together represent approximately 80% of the total U.S. stock market. It is a float-adjusted market-weighted index (stock price times float-adjusted shares outstanding), with each stock affecting the index in proportion to its market value.

It is not possible to invest directly in an index.

 

MANAGEMENT TEAM

Craig Stapleton

Craig Stapleton, CFA, FRM
Vice President and Portfolio Manager

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Jeremy Gogos

Jeremy Gogos, Ph.D., CFA
Portfolio Manager

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David Kuplic

Merlin Erickson
Vice President and Portfolio Manager

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Merlin is one of the co-portfolio managers of the Managed Volatility Funds. He also oversees the quantitative research group and is responsible for quantitative analytics, portfolio risk statistics and performance measurement metrics.

Merlin has an MBA in Finance from Seattle University and a Bachelor of Science in Mathematics from Central Washington University.

Craig is one of the co-portfolio managers of the Managed Volatility Funds. He is also involved in the quantitative analytics and risk management of the Advantus Strategic Dividend Income Fund. Craig is a member of Securian Financial Group's Risk Council.

Craig is a CFA Charterholder, and a member of the CFA Institute and CFA Society of Minnesota. He holds the Financial Risk Manager designation from the Global Association of Risk Professionals. Craig has an MBA in Finance and Bachelor of Science in Computer Engineering, both from the University of Illinois.

Jeremy is one of the co-portfolio managers of the Managed Volatility Funds. He provides quantitative analysis, security and portfolio risk statistics and execution of derivative and hedging initiatives.

Jeremy is a CFA Charterholder and a member of the CFA Institute and CFA Society of Minnesota. He has a Ph.D. in Physics from the University of Minnesota and a Bachelor of Science in Physics from Worcester Polytechnic Institute.

FUND FACTS

Institutional - VVMIX

Inception Date
09/29/2015

Gross Expense Ratio
1.42%

Net Expense Ratio*
0.61%

Class A - AVMNX

Inception Date
09/29/2015

Gross Expense Ratio
1.85%

Net Expense Ratio*
0.85%


*Securian Asset Management, Inc. has contractually agreed to reimburse expenses through December 28, 2018.


OTHER ADVANTUS FUNDS