Investment process is built on proprietary software designed to:
|Assets as of 5/31/18||$10,845,358|
|Morningstar Classification||Long/Short Equity|
|Lipper Classification||Alternative Long/Short|
|Class||Inception Date||Unitary Fee*||Fund Number|
|Terms||A Shares||I Shares|
|If today’s closing price has breached a 3-year high, a buy order is entered the following day.|
|If today’s price has breached the sell threshold, a sell order is entered the following day.
The sell threshold is determined using average true range (ATR). ATR measures the stock’s volatility, which determines the stock’s risk budget exposure level.
|Dynamically hedged at all times through futures contracts on U.S. small-, mid-, and large-cap stock indices.
Seeks to reduce market beta.
The size of the hedge grows or shrinks in proportion to the long risk exposure.
|Daily liquidity allows for maximum flexibility|
|’40 Act mutual fund|
|Unitary fee* structure of 1.99%|
|Management fee only - no sub-advisory fees|
|Advantageous 1256 tax treatment of futures contracts|
|Annual split of 60% long-term, 40% short-term|
|Share Class||3M||1Y through 5/31/18||3Y through 5/31/18||Since Inception* to 5/31/18|
|S&P 500 TR Index||0.19%||14.35%||10.97%||10.69%|
|Class I (NAV)||3.10%||11.04%||8.80%||7.06%|
|Class A (NAV)||3.07%||10.86%||N/A||8.19%|
|Class A (Max Load)**||-2.89%||4.45%||N/A||5.63%|