Investment process is built on proprietary software designed to:
|Assets as of 6/30/18||$12,226,981|
|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 6/30/18||3Y through 6/30/18||Since Inception* to 6/30/18|
|S&P 500 TR Index||3.43%||14.37%||11.93%||10.61%|
|Class I (NAV)||3.49%||11.49%||8.53%||6.94%|
|Class A (NAV)||3.36%||11.21%||N/A||7.96%|
|Class A (Max Load)**||-2.55%||4.76%||N/A||5.48%|