Vest US Large Cap 20% Buffer Strategies Fund Class Institutional Shares
ENGIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Ryan Hicke
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Richmond, VA 23235 Oaks PA United States of America 19456
- IPO Date
- Dec 23, 2016
- CIK
- 0001396092
- Website
- seic.com
- Similar Companies
- Business
- Vest US Large Cap 20% Buffer Strategies Fund Class Institutional Shares (ENGIX) is an open-end mutual fund that seeks capital appreciation by providing investors with U.S. large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of twelve 20% buffer strategies linked to a U.S. large-cap equity index, such as the S&P 500 Index, or an exchange-traded fund that tracks such an index; the fund invests at least 80% of its net assets in FLEX options and other instruments to construct these strategies, which aim to offer a 20% buffer against the first 20% of index losses over one-year outcome periods while participating in upside potential up to defined cap levels that reset monthly as strategies mature and roll forward. The fund offers multiple share classes, including Institutional (ENGIX), Investor (ENGLX), Class A (ENGAX), Class C (ENGCX), and Class Y (ENGYX), with net expense ratios ranging from 0.70% to 0.95% and minimum initial investments starting at $100,000 for institutional shares; it employs derivative securities, including call and put options on the SPDR S&P 500 ETF Trust (SPY), with top holdings typically comprising FLEX options expiring in various future dates. Vest US Large Cap 20% Buffer Strategies Fund operates within the defined outcome asset management industry segment, targeting equity investors seeking buffered exposure to large-cap U.S. stocks; it is available for sale in the United States and focuses on institutional and retail investors through a portfolio that diversifies across U.S. stocks (approximately 100%) without bonds, non-U.S. stocks, or significant cash holdings. The fund is a series of World Funds Trust, managed primarily by Karan Sood since inception on December 21, 2016, with Trevor Lack added as co-portfolio manager effective February 28, 2025; it is sub-advised by Vest Financial LLC (Vest), a leading defined outcome asset manager founded in 2012 and headquartered in McLean, Virginia. As of recent data, the fund's total net assets stand at approximately $130 million for the institutional share class, with an investment style classified as large blend and a Morningstar category of defined outcome. Geographically, the fund's operations and availability are centered in the United States, with no reported international distribution. In recent developments, Trevor Lack, Managing Director of Portfolio Management at Vest Financial LLC with over 10 years of experience, assumed joint primary responsibility for the fund's day-to-day management alongside Karan Sood as of February 28, 2025, marking a key addition to the portfolio management team; Lack joined Vest in 2019 and oversees exchange-traded funds, mutual funds, and retirement fund portfolios. No major acquisitions, funding rounds, partnerships, new product launches, or strategic expansions specific to ENGIX have been publicly reported in the last 1-2 years, reflecting stable operations amid Vest's broader growth to over $50 billion in assets under management and supervision across its buffer strategy lineup. The fund continues to maintain its core laddered structure without noted reorganizations or name changes.