The Alpha Low Volatility Fund is built on a simple but powerful principle: options lose value as they approach expiration. By systematically capturing this time decay, the fund is designed to pursue return opportunities while aiming to minimize portfolio volatility.
The Alpha Low Volatility Fund is a market-neutral strategy seeking noncorrelated returns that are independent of market swings. The Fund utilizes the natural decay of index options and other derivatives. As options are expiring assets, the entire extrinsic value is exposed to time decay, which, when all else is equal, decreases the value of the option contract each day up to expiration.
An option contract has no time value at expiration and is only worth its intrinsic value, or the value of the underlying security above (call option) or below (put option) the underlying security.
The Fund will generally generate short-term capital gains but also aims to take advantage of favorable tax treatment available afforded under Section 1256 Contracts of the IRS code. Any gain or loss from a 1256 Contract is treated for tax purposes as 40% short-term gain 60% long-term.
Options trading is not without substantial risk and although the Fund aims to provide steady returns with low volatility there are no assurances that this goal will be accomplished. In times of extreme volatility, potential losses can far exceed gains.
All investments involve risk, including the loss of principal. This is neither a solicitation or offer to sell any security. Past performance is not necessarily indicative of future results. An offer can only made through the Fund's Private Offering Documents. The results of all returns reflect the deduction of: (i) an annual asset management fee of 2%, accrued monthly; (ii) a performance allocation of 20%, accrued monthly and taken annually, subject to a high water mark; and (iii) transaction fees and other expenses. Results are compared to the performance of the 60% S&P 500 TR/40% Bloomberg U.S. Aggregate Bond Index (60/40) for informational purposes only ("Comparative Index). The Fund’s investment program does not mirror the Comparative Index and the volatility of the Fund’s investment program may be materially different.
Chase Thomas is the Founder and Owner of Alpha Wealth Funds, an SEC-registered investment advisory firm founded in 2010. Since the firm's creation, Alpha Wealth Funds has grown to manage more than $250 million in assets under management, serving individuals, families, and institutional investors through options-based investment strategies.
Chase began his career at Fidelity Investments, where he served as a Retirement Relationship Manager and helped oversee approximately $500 million in retirement assets.
As Portfolio Manager for the Alpha Low Volatility Fund, Alpha Synthetic Protection Fund, and Alpha Volatility Advantage Fund, Chase focuses on options-based portfolio management, derivative hedging strategies, and risk management. He is also a CERTIFIED FINANCIAL PLANNER® professional.
Chase is passionate about financial education and believes sound financial planning should be accessible to more than just large institutions or high-net-worth investors. He insists on helping clients understand the reasoning behind their investment decisions and emphasizes long-term relationships built on transparency and trust.
A Utah native with a BA from Brigham Young University, Chase enjoys skiing, trail running, rock climbing, paragliding, ATA Taekwondo (in which he is a four-time world champion), dancing, and spending time with his wife and growing family.
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