Advantus Mutual Funds

ADVANTUS MANAGED
VOLATILITY EQUITY FUND

Institutional Class - VMEIX

GOAL AND STRATEGY

The Advantus Managed Volatility Equity Fund, managed by Advantus Capital Management, seeks to maximize risk-adjusted total return through the use of hedging techniques, with overall volatility of 10% or lower.

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, primarily in Exchange Traded Funds ("ETFs") that invest in equity securities that have lower volatility than the overall equity markets.

As market conditions change, the Fund's effective equity exposure will change in an effort to manage overall Fund volatility, with a minimum effective equity exposure of 10% and a maximum effective equity exposure of 100% of the Fund's total asset value. The Fund will seek to manage its effective equity exposure and its overall volatility by investing primarily in S&P 500® futures contracts and other derivative instruments.

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

David Kuplic

Merlin Erickson
Vice President and Portfolio Manager

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Jeremy Gogos

Jeremy Gogos, Ph.D., CFA
Portfolio Manager

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Craig Stapleton

Craig Stapleton, CFA, FRM
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 - VMEIX

Inception Date
09/29/2015

Gross Expense Ratio
1.40%

Net Expense Ratio*
0.73%

Class A - AMENX

Inception Date
09/29/2015

Gross Expense Ratio
2.09%

Net Expense Ratio*
0.97%


*Advantus Capital Management, Inc. has contractually agreed to reimburse expenses through December 28, 2018.


OTHER ADVANTUS FUNDS