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The Sector Rotation Fund (NAVFX)

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Overview


The Sector Rotation Fund (the “Fund”) seeks to achieve capital appreciation.

Sector Rotation is a strategy that evaluates the relative strength and momentum of different sectors of the economy in order to identify short-term investment opportunities. A sector is a segment of the market that isolates very specific types of assets. Examples of sectors, include, but are not limited to, consumer staples, energy, financials, health care, and real estate. The Advisor employs a proprietary ranking system to identify the sectors that it believes are showing the greatest relative strength and increases the Fund’s exposure to those sectors. The Advisor may also take inverse positions in the lowest ranked sectors identified using the same proprietary ranking system.

Why Consider NAVFX?

Economic-Backed Research

Blending macroeconomic forecast and proprietary math to uncover growth sectors.

Performance Potential

Long-term performance potential designed to outpace market with a sector rotation strategy.

No-Load

Designed for the everyday investor, the Fund is no-load and has no sales charge with low minimums.

Portfolio Manager Track Record

The Fund has been managed by the same investment team at GPS since 2009.

SymbolNAVFX
Inception12/31/2009
Manager TenureSince 2009
Morningstar Rating5 Stars
Morningstar CategoryTactical Allocation
Gross Expense Ratio2.33%
Net Expense Ratio2.33%
Inv. Minimum$2,500
Net Assets$25.3 million
IssuerNottingham
AdvisorGrimaldi Portfolio Solutions, Inc.
Portfolio ManagerMark Grimaldi (since 2009)

Morningstar Ratings are among 240 tactical allocation funds based on risk-adjusted returns as of 12/31/18.*

Portfolio Manager


Mr. Mark Anthony Grimaldi

Mr. Mark Anthony Grimaldi graduated Albany State University in 1985 with a BA degree in economics. His career in money management began as an Investment Coordinator at Meyer Handleman Company in New York. After two years, he joined Prime Financial Services as Director of Operations. In 1992 Mr. Grimaldi accepted a position as Manager, Securities Operations, at Marshall & Sterling Consultants in Poughkeepsie, New York. In 1997 he earned the Certified Fund Specialist (CFS) designation. From 1989-2005 Mr. Grimaldi coordinated and taught securities training classes at Dutchess Community College, Poughkeepsie, New York. On January 1, 2008, Mr. Grimaldi became Co-Manager of ETFOX. On January 1, 2010, Mr. Grimaldi assumed the role of Chief Economist and Money Manager of the Sector Rotation Fund (NAVFX). In 2014 Mark published his first book, The Money Compass.

Become an Investor

Read the prospectus and download the the application to learn more.

Prospectus Application

Performance


Total Returns

  • Monthly
  • Quarterly

12/31/2018

Past performance is not a guarantee of future results. Fund performance includes the Fund’s annual expense ratio of 2.33%. Periods longer than one year are annualized. 

Growth of $10,000

12/31/2018

This chart illustrates the performance of a hypothetical $10,000 investment made in the Sector Rotation Fund (NAVFX), A Shares since inception on December 31, 2009. It assumes reinvestment of capital gains and dividends. This chart is not intended to imply any future performance. The Benchmark shown is the S&P 500® Index (a registered trademark of The McGraw-Hill Companies, Inc.), it is an unmanaged index of 500 common stocks primarily traded on the New York Stock Exchange, weighted by market capitalization. Index performance includes the reinvestment of dividends and capital gains.

Quarterly Peer Group Performance

12/31/20181 Mo3 Mo6 MoYTD1 Yr3 Yr Annl.3 Yr Cum.5 Yr Annl.5 Yr Cum.Since Incep.Total Return
NAVFX-9.33%-15.67%-9.53%-5.28%-5.28%5.84%18.57%6.22%35.24%7.34%89.23%
S&P 500 -9.03%-13.52%-6.85%-4.38%-4.38%9.26%30.42%8.49%50.33%11.72%171.25%
Lipper Peer Group*-5.69%-9.99%-6.89%-6.66%-6.66%14.22%17.21%1443.65%
# of Funds in Peer Group497496492487487448448400400497497
Rank in Peer Group49549343615215299991818253253
Percentile Rank100%100%89%32%32%23%23%5%5%51%51%
Quartile in Peer Group44422111133

The performance information quoted represents past performance, which is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. An investor may obtain performance data current to the most recent month-end by calling 1-800-773-3863. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions.

*Lipper Peer Group is Lipper Mixed-Asset Target Allocation Growth Funds. Lipper rankings, peer and fund data for all time periods shown are as of the above date. Although a Fund may outperform peers when compared to Lipper peer groups for a certain period, the returns for that period may still be negative. Rankings shown are provided by Lipper, Inc., a leading independent analysis service. Rankings and performance for other time periods are available from Lipper. The rankings are subject to change every month and are based on an equal-rated average of percentile ranks for the total return metrics over 1-, 3-, 5-, and 10 years periods, if applicable. Lipper rankings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information.

Composition


Sector Allocation

As of 12/31/18

Top Holdings

Security% of Portfolio
SPDR S&P 500 ETF Trust27.25%
Vanguard Health Care ETF18.96%
Fidelity Investments Money Market Funds16.53%
Vanguard Consumer Discretionary ETF15.04%
Invesco Aerospace & Defense ETF10.10%
Vanguard Information Technology ETF8.33%
Vanguard Consumer Staples ETF2.98%
SPDR Gold Shares2.75%
iShares Silver Trust1.65%
Invesco Nasdaq Internet ETF1.00%

Fund Details


Dividend History

DatePer Share AmountReinvestment Price
12/31/2018$0.38 $11.19
12/17/2018$0.00 $11.73
12/29/2017$0.01 $12.99
12/16/2015$0.00 $11.44

Distribution Schedule: Annually

Capital Gains History

DatePer Share AmountReinvestment Price
12/17/2018$0.75 $11.73
12/15/2017$0.78 $13.04
12/16/2016$0.34 $11.54
12/16/2015$0.36 $11.44

Distribution Schedule: Annually

Disclosures


Morningstar Ratings are among 240 tactical allocation funds based on risk-adjusted returns as of 12/31/18.* © 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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