Fund Overview
The Covered Bridge Fund was created with the goal of reducing risk during equity market volatility and extending income opportunities for investors.
At A Glance
-
Minimum Investment
$100,000 -
Investment Style
Large Value -
Category
Options-based -
Share Class Inception Date
10/01/13 -
Total Fund Assets as of 03/31/2025
$103.3 Million -
3 Yr Return as of 03/31/2025
3.15% -
5 Yr Return as of 03/31/2025
10.94% -
10 Yr Return as of 03/31/2025
6.45%
-
Minimum Investment
$2,500 -
Investment Style
Large Value -
Category
Options-based -
Share Class Inception Date
10/01/13 -
Total Fund Assets as of 03/31/2025
$103.3 Million -
3 Yr Return as of 03/31/2025
2.89% -
5 Yr Return as of 03/31/2025
10.69% -
10 Yr Return as of 03/31/2025
6.19%
Annual Principal Value and Payout
As of 12/31/2024
Ending Principal | Payout | Cumulative Payout | |
2014 | $102,200 | $11,234 | $11,234 |
2015 | $93,800 | $5,330 | $16,564 |
2016 | $99,000 | $7,242 | $23,806 |
2017 | $101,100 | $7,687 | $31,493 |
2018 | $87,500 | $10,104 | $41,597 |
2019 | $96,900 | $6,391 | $47,988 |
2020 | $90,300 | $4,248 | $52,236 |
2021 | $100,500 | $7,581 | $59,817 |
2022 | $92,900 | $8,071 | $67,888 |
2023 | $89,800 | $7,907 | $75,795 |
2024 | $87,000 | $7,875 | $83,670 |
Simple Average of Annual Payout (2014-2024)= $7,606
Starting in 2018, the fund transitioned from distributing capital gains annually to distributing capital gains on a quarterly basis.
Dividends and/or distributions are not guaranteed. The covered calls may not be suitable for all investors and are subject to the loss of principal.
Top 10 Equity Holdings
as of 03/31/2025
Security Description | Net Asset % |
Microsoft Corporation | 5.09% |
The Hershey Company | 2.98% |
QUALLCOMM Inc. | 2.97% |
Verizon Communications Inc. | 2.68% |
Medtronic plc | 2.61% |
Exxon Mobil Corporation | 2.53% |
Pfizer Inc. | 2.45% |
United Parcel Services Inc. | 2.45% |
Johnson & Johnson | 2.41% |
Bristol-Myers Squibb Company | 2.36% |
Investment Performance
as of 03/31/2025
Fund Name | 3M | YTD Return |
1Y | 3Y | 5Y | 10Y | Since Inception |
TCBIX | 1.71% | 1.71% | 2.87% | 3.15% | 10.94% | 6.45% | 6.67% |
TCBAX | 1.62% | 1.62% | 2.69% | 2.89% | 10.69% | 6.19% | 6.40% |
TCBAX with Load | -3.76% | -3.76% | -2.67% | 1.06% | 9.51% | 5.61% | 5.91% |
CBOE S&P 500 BUYWRITE INDEX – BXM | -3.09% | -3.09% | 9.80% | 4.60% | 11.69% | 6.43% | 6.80% |
Russell 1000 Value Total Return | 2.13% | 2.13% | 7.16% | 6.61% | 16.11% | 8.46% | 9.53% |
S&P 500® Index | -4.28% | -4.28% | 8.23% | 9.03% | 18.56% | 12.48% | 13.00% |