USA Mutuals All Seasons Fund Class Institutional (UNAVX)
| Fund Assets | 15.31M |
| Expense Ratio | 2.04% |
| Min. Investment | $2,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.68 |
| Dividend Yield | 2.64% |
| Dividend Growth | -12.98% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 8, 2025 |
| Previous Close | 25.86 |
| YTD Return | -4.40% |
| 1-Year Return | 0.09% |
| 5-Year Return | 25.63% |
| 52-Week Low | 25.51 |
| 52-Week High | 28.39 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Oct 13, 2017 |
About UNAVX
USA Mutuals All Seasons Fund Institutional Class is a tactical allocation mutual fund that seeks to achieve capital appreciation across all economic cycles while emphasizing risk management. The fund primarily utilizes a systematic, quantitative investment methodology, trading futures and options on major equity indices—most notably the S&P 500—targeting short-term behavioral patterns among market participants. Its approach is designed to generate positive returns uncorrelated with traditional equities and bonds, thereby aiming to preserve capital and manage portfolio volatility during both bull and bear markets. Distinguished by its model-driven process, the All Seasons Fund aims to exploit the non-normal distribution of equity index returns that result from investor herding behavior, using proprietary trade signals and hedging overnight positions with long options to mitigate adverse overnight market moves. The fund typically has a concentrated portfolio, often allocating a significant portion to U.S. Treasury Bills and cash for liquidity, with the remainder in index derivatives. This structure provides the potential for tax efficiency by employing Section 1256 contracts, offering a mix of long-term and short-term tax treatment on gains. The fund is managed by USA Mutuals, Inc., and has received strong risk-adjusted ratings within Morningstar’s Tactical Allocation category, reflecting its record of risk-managed performance over varying market conditions.
Performance
UNAVX had a total return of 0.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.68%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| ZNAVX | Class Z | 2.04% |
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Us Dollar Future | n/a | 98.99% |
| Us Bank Mmda Global Fund Services 4 | n/a | 0.92% |
| S&P Emini 1st Wee Jan26p 6895 | n/a | 0.06% |
| Cash | n/a | 0.02% |
| S&P Emini 1st Wee Jan26p 6860 | n/a | 0.02% |
| E-mini S&P 500 Future Mar 26 | n/a | 0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 8, 2025 | $0.6765 | Dec 9, 2025 |
| Dec 9, 2024 | $0.7774 | Dec 10, 2024 |
| Dec 7, 2023 | $0.4201 | Dec 8, 2023 |