The Connors Hedged Equity Fund (the “Fund”) seeks to achieve capital appreciation and secondarily income generation, with lower volatility than U.S. equity markets.
Morningstar Rating: Overall
★★★★★ As of 01/31/2025
149 Funds in Category | Category: Equity Hedged | Read Morningstar Criteria
The foundation of this approach is a portfolio of carefully selected large-cap equities. The Hedged Equity Fund typically invests in approximately 40-50 equity securities that are diversified among market sectors. We sell covered call options against these underlying stocks seeking to generate additional income and lower overall portfolio volatility.
In addition to writing covered calls, we may implement other risk-reducing measures such as purchasing protective puts, put-spread, and actively raising cash levels as we seek to outperform in down markets. This may reduce upside potential in strong markets, portfolio volatility can be reduced.
Investment Objective: The Connors Hedged Equity Fund seeks to achieve capital appreciation and secondarily income generation, with lower volatility than U.S. equity markets.
www.connorsinvestor.com/mutual-funds.
The Connors Hedged Equity Fund is distributed by Ultimus Fund Distributors, LLC. (Member FINRA) Connors Investor Services and Ultimus Fund Distributors, LLC are separate and unaffiliated.
The Morningstar Rating for funds, or “star rating”, is calculated for managed products including mutual funs with at least a three-year history. Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, then next 22.5% receive 2 stars and the bottom 10% receive 1 star.
The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods”.
CVRDX is rated 5 Stars out of 149 funds for period ending 1/31/2025 in 3 year and overall for period ending 1/31/2025 based on risk adjusted return.
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