USA Mutuals All Seasons Institutional (UNAVX)

Fund Assets	9.37M
Expense Ratio	2.205%
Min. Investment	$2,000
Turnover	n/a
Dividend (ttm)	0.68
Dividend Yield	2.71%
Dividend Growth	-12.98%
Payout Frequency	Annual
Ex-Dividend Date	Dec 8, 2025

Previous Close	25.06
YTD Return	-6.53%
1-Year Return	-9.35%
5-Year Return	20.03%
52-Week Low	25.03
52-Week High	28.36
Beta (5Y)	0.78
Holdings	3
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.

• Fund Family: USA Mutuals
• Category: Tactical Allocation
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: UNAVX
• Share Class: Institutional Class
• Index: S&P 500 TR

Performance

UNAVX had a total return of -9.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.13%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ZNAVX	Class Z	2.26%

Top Holdings

11.79% of assets

Name	Symbol	Weight
US BANK MMDA- MMDAFS4	n/a	11.74%
CHICAGO MERCANTILE EXCHANGE - S&P500 EMINI FUT Sep26	ESU6.INDEX	0.05%
OPTION ISSUER - S&P EMINI Thurs WkJul26P	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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 17, 2026

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