QCI Balanced Fund Institutional Cl
QCIBX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 116 South Franklin Street Rocky Mount NC 27802-0069
- IPO Date
- Jan 2, 2019
- CIK
- 0001464413
- Similar Companies
- Business
- QCI Balanced Fund Institutional Class (QCIBX), a mutual fund within the Starboard Investment Trust, seeks to balance current income generation and principal conservation through a diversified portfolio that includes equity securities, fixed income instruments, and options contracts linked primarily to large-cap companies with market capitalizations exceeding $10 billion; the fund employs strategic borrowings to enhance investment exposure and leverages derivatives for potential returns tied to major corporate stocks across various industries without direct equity ownership. Core offerings encompass institutional-class shares with a minimum initial investment of $25,000 and subsequent investments of $250, featuring no sales loads, redemption fees, or exchange fees, alongside net annual operating expenses of 0.98% after fee waivers (management fees at 0.72%, other expenses at 0.39%, exclusive of acquired fund fees); the portfolio is actively managed to maintain balanced risk through dynamic allocation between equities and debt. The fund operates nationwide across all U.S. states, with shares traded on NASDAQ under ticker QCIBX and CUSIP 85520V293. Founded on January 30, 2014, and headquartered through its investment advisor NorthCrest Asset Management, LLC in Plymouth, Minnesota, the fund was previously associated with QCI Asset Management, Inc., an independent advisor established in 1975 in Pittsford, New York, which specialized in fee-based management for high-net-worth individuals, corporations, endowments, pensions, trusts, and fiduciary consulting prior to its acquisition by Wealth Enhancement Group around 2021. Portfolio management is led by H. Edward Shill, CFA, and Gerald Furciniti, CFA, with distribution handled by Capital Investment Group in Raleigh, North Carolina. In recent developments, QCI Asset Management underwent a strategic acquisition by Wealth Enhancement Group, integrating its operations and 31 employees into the larger firm's platform to expand service capabilities as of late 2020; the fund continues under NorthCrest's advisory with an expense limitation agreement extended through at least January 31, 2023, capping total annual expenses at 0.97% (exclusive of certain costs like brokerage and taxes), reflecting ongoing efforts to control costs amid market volatility. No major new product launches, partnerships, funding rounds, or reorganizations have been reported for the fund or its direct affiliates in 2024 or 2025.