Investment process is built on proprietary software designed to:
|Assets as of 2/28/18||$10,721,773|
|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 exposure to small-, mid-, 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||YTD||1Y through 12/31/17||2Y through 12/31/17||Since Inception* to 12/31/17|
|S&P 500 TR Index||21.83%||21.83%||16.79%||16.23%|
|Class I (NAV)||19.29%||19.29%||10.84%||7.87%|
|Class A (NAV)||18.92%||18.92%||10.53%||9.58%|
|Class A (Max Load)**||12.03%||12.03%||7.32%||6.47%|