Low Volatility Equity Fund (PLVEX)
Pursuing returns comparable to the U.S. stock market, but with lower volatility over a market cycle
|Yesterday's close||52-week high||52-week low|
|Net asset value||
-0.27% ( $-0.03 )
Strategy and process
- Low-beta stocks: The fund invests in low-beta stocks, which have historically provided better risk-adjusted returns than the overall stock market.
- Sector diversity: The fund seeks to capitalize on a diverse range of low-beta stocks across all sectors rather than simply overweighting low-beta sectors.
- Option strategies: The veteran management team employs options strategies that can improve performance and reduce risk.
The S&P 500 Index is an unmanaged index of common stock performance. You cannot invest directly in an index.
Consider these risks before investing: Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific company, issuer or sector. There may be times when stocks in the fund's portfolio exhibit higher volatility than we expect, are not correlated with market movements as we expect, or underperform the markets. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying portfolio securities, but continues to bear the risk of a decline in the value of these securities. The fund also risks losing all or part of the cash paid for purchasing put options. You can lose money by investing in the fund.