Schooner Funds

Schooner Fund (SCNAX)
Schooner Global Absolute Return Fund (SARIX)
SCHOONER FUND (SCNAX)                                                
The Fund’s investment objective is long-term capital appreciation with the generation of moderate current income.

Investment Strategy
The Schooner Fund seeks to:

  1. Maintain an appropriate balance between risk and reward over the course of market cycles and volatility regimes by strategically investing across a combination of stocks, convertible securities, and single name stock call options (buy-writes).
  2. Create significant equity participation while targeting greater downside protection than a stock-only portfolio.
  3. Obtain multiple and recurring income sources.
  4. Diversify across a variety of industries, market sectors, market capitalization, and credit quality tiers.

Investment Philosophy

Many investors believe that an allocation to growth stocks is essential to achieve long-term capital appreciation in an investment portfolio. How to pursue growth in a portfolio is often a debate. Many investors chase the next “hot stock” or fund, while others track a “growth” benchmark. There is another class of investors who significantly underweight growth in their portfolios simply because they fear the volatility often associated with growth stock investing, or they lack the knowledge to choose the appropriate investment vehicle to achieve success.
At Schooner, we believe that quality growth investing must be a disciplined and balanced approach. True growth comes when both steady and meaningful income generation is coupled with prudent stock selection. Our years of experience in convertible and option markets assist us in our efforts to dynamically position the portfolio in varying market environments in an attempt to make volatility work for you.

Click Here for the Funds Top Holdings & Sector Allocations

Mutual Fund investing involves risk; principal loss is possible.  Investments in debt securities typically decrease in value when interest rates rise.  This risk is usually greater for longer-term debt securities.  The fund may also use options and futures contracts, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates.  The investment in options is not suitable for all investors.  The fund may hold restricted securities purchased through private placements.  Such securities can be difficult to sell without experiencing delays or additional costs. 

Diversification does not assure a profit nor protect against loss in a declining market.


The Schooner Fund is distributed by Quasar Distributors, LLC.