Fund Evaluator:
Parvin Hedged Equity Solari World (PHSWX)
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Best Performing in Equity Hedged Over the Last Year
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| 13.7% | Parametric Volatil Risk Prm-Defensv I (EIVPX) |
| 13.0% | T. Rowe Price Hedged Equity Z (PZHEX) |
| 11.8% | Horizon Defined Risk Investor (HNDRX) |
| 11.7% | MAI Managed Volatility Investor (DIVPX) |
Fund Details
Parvin Hedged Equity Solari World Overview
Parvin Hedged Equity Solari World (PHSWX) is an actively managed Nontraditional Equity Equity Hedged fund. Parvin Funds launched the fund in 2020.
The investment seeks capital preservation, current income, and growth. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities. The fund's investment in equity securities may be of any market capitalization. Of investments held in the fund, approximately 40%-60% are expected to be U.S. domestic companies, approximately 30%-50% companies located in international developed markets, and approximately 10%-30% companies domiciled in emerging markets.
About Parvin Hedged Equity Solari World (PHSWX)
There are 1 members of the management team with an average tenure of 5.67 years: Steven Smith (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Parvin Hedged Equity Solari World has 36 securities in its portfolio. The top 10 holdings constitute 32.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Parvin Hedged Equity Solari World is part of the Equity global asset class and is within the Nontraditional Equity fund group. Parvin Hedged Equity Solari World has 49.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 32.0%. There is 49.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Parvin Hedged Equity Solari World has 18.5% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $433 million average for the Equity Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PHSWX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Parvin Hedged Equity Solari World expense ratio is high compared to funds in the Equity Hedged category. Parvin Hedged Equity Solari World has an expense ratio of 2.26%, which is 63% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Parvin Hedged Equity Solari World has a portfolio turnover rate of 28%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 71% for the Equity Hedged category.
Recently, in the month of August 2026, Parvin Hedged Equity Solari World returned 6.1%, which earned it a grade of A, as the Equity Hedged category had an average return of 1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Parvin Hedged Equity Solari World has a trailing yield of 0.43%, which is below the 0.95% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Parvin Hedged Equity Solari World Grades
Year to date, the fund has returned 12.3%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 17.1% over the past year (grade of A), 12.1% over the past three years (grade of B) and 4.5% per year over the past five years (grade of D).
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PHSWX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PHSWX Return (NAV) | 6.1% | 5.6% | 17.1% | 12.1% | 4.5% | na |
| PHSWX Grade | A | A | A | B | D | na |
| +/- Category | 4.6% | 4.7% | 6.4% | 1.4% | -1.4% | na |
| Equity Hedged Avg | 1.4% | 0.9% | 10.7% | 10.7% | 6.0% | 6.8% |
| PHSWX Tax Cost Ratio | na | na | 0.2% | 0.5% | 0.6% | na |
PHSWX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PHSWX Return (NAV) | 12.3% | 22.6% | 1.4% | 1.8% | -12.7% | 3.5% | na | na | na | na | na |
| PHSWX Grade | A | A | F | F | D | F | na | na | na | na | na |
| +/- Category | 5.4% | 13.2% | -10.9% | -10.5% | -2.9% | -8.0% | na | na | na | na | na |
| Equity Hedged Avg | 6.9% | 9.5% | 12.3% | 12.4% | -9.8% | 11.4% | 10.9% | 14.3% | -2.8% | 8.9% | 4.5% |
| Risk Measures | |
| Standard Deviation: | 13.6% |
| Total Risk Index: | 1.12 - Above Average |
| Category Risk Index: | 1.72 - High |
| Category Risk Grade: | F (99% Rank) |
| Beta: | 0.31 |
| R-Squared: | 8% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $14 Mil |
| Fund Total Assets: | $ 14 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 29% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 5.7 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Smith Steven (2020) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 36 |
| % in Top 10 Holdings: | 32.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 49.5% |
Portfolio Allocation |
|
| Domestic Stock: | 32.0% |
| Foreign Stock: | 49.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 18.5% |
Purchase Information
| Fund Family: | Parvin Funds |
| Phone Number: | 866-458-4744 |
| Website: | www.amminvest.com. |
| Status: | Open |
| Inception Date: | December 31, 2020 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 2.26% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.38% |
| Share Class: | Parvin Hedged Equity Solari World |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
