NasdaqGM - Delayed Quote USD

MDP Low Volatility Fund Class I (0P0001O5R9)

10.72 +0.07 (+0.66%)
At close: April 5 at 4:00:00 PM EDT

Fund Summary

The fund adviser uses a variety of options strategies to obtain exposure to the S&P 500 Index, its primary benchmark, or other broad-based equity market indices through investments in a variety of financial instruments, including but not limited to index derivatives, options, exchange-traded funds (“ETFs”), and futures and forward contracts.

MDP Low Volatility Fund Class I

Indianapolis IN 46208
2960 N MERIDIAN STREET STE 300

Fund Overview

Category Large Blend
Fund Family MDP Fund
Net Assets 987.5k
YTD Return 5.89%
Yield 0.00%
Morningstar Rating --
Inception Date Mar 14, 2022

Fund Operations

Last Dividend 0.02
Last Cap Gain -2.00
Holdings Turnover --
Average for Category --

Fees & Expenses

Expense 0P0001O5R9 Category Average
Annual Report Expense Ratio (net) 1.52% 0.78%
Prospectus Net Expense Ratio 1.52% --
Prospectus Gross Expense Ratio 54.71% --
Max 12b1 Fee -- --
Max Front End Sales Load -- --
Max Deferred Sales Load -- --
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Dennis M. Davitt, Lead Manager since March 02, 2022
Prior to founding MDP Dennis was a Partner/Portfolio Manager at Harvest Volatility Management where he developed multiple option strategies. Total AUM in these strategies was over $950M in assets. Dennis was the Head of Americas Equity Derivatives for Credit Suisse and Macquarie Bank where he had responsibility for all aspects of trading and risk management from proprietary trading, automated market making, exotics, corporate, LATAM, and flow trading (both index and single stock), a group encompassing over ten billion dollars of the bank’s capital. While at Credit Suisse, Dennis helped develop the firm’s structure on integrating all the above products under one common risk mandate. The Credit Suisse Fear Barometer (CSFB) created by Dennis in 2008 is a way to measure put demand in the marketplace and thus a strong indicator of the desire for downside protection which can be interpreted as fear of a market correction. This tool is still an integral part of many derivative research pieces written today. As an original member of Wolverine Trading in the SPX pit on Chicago, he learned the value of liquidity, and how to adapt to changing markets and innovate inside the old ones. Dennis has been a guest writer for the popular volatility column “Strike Price” in Barron's and has often been invited to provide market color and option commentary on television.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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