The benefits of a multi-asset solution
BLNDX/REMIX

Since the inception of the fund in December 2019, investors have experienced an array of economic environments, including a pandemic, international conflicts, global trade tensions, the complexities of negative interest rates, and the challenges created by rising interest rates. Major asset classes like stocks, bonds, commodities, and real estate have all experienced meaningful volatility. Throughout these dynamic periods, the Standpoint Multi-Asset Fund has aimed to provide a reliable source of stable returns.

BLNDX vs. Common Investment Options

December 31, 2019 - January 31, 2024

DescriptionAnnualized Return*Sharpe RatioBetaWorst Decline
Standpoint - BLNDX11.65%0.850.29-9.33%
Aggregate Bonds-0.77%-0.430.02-18.41%
Buffered Equity6.95%0.410.49-20.00%
Commodities11.12%0.420.29-35.33%
Corporate Bonds IG-0.42%-0.240.10-25.01%
Dividend Equities11.13%0.440.89-31.55%
Emerging Markets Equity0.65%-0.060.67-36.39%
Equities + Bonds4.53%0.230.46-22.83%
Gold6.38%0.280.09-22.61%
Inflation4.44%---
Intermediate Term Government Bonds-1.55%-0.42-0.03-23.63%
International Equity (Ex-US)5.61%0.210.45-35.23%
Large Cap US Equity12.24%0.451.00-33.79%
Long Term Government Bonds-6.47%-0.43-0.13-51.17%
Mid Cap US Equity8.80%0.251.08-42.02%
Mortgage Backed Securities-1.30%-0.500.04-17.36%
Municipal Bonds0.93%-0.200.05-12.17%
Real Estate1.24%-0.020.98-42.48%
Small Cap US Equity5.23%0.121.13-41.72%
TIPS1.88%0.000.02-14.19%
Treasury Bills1.85%0.000.00-0.13%

*Since Inception

Fund Inception: Dec 30, 2019

Source: Morningstar Direct

Performance data shown represents past performance and is not a guarantee of future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month end performance please call (866) 738-1128.
Standardized Performance
Year to Date1-YearSince Inception
BLNDX5.76%5.76%11.24%
REMIX5.50%5.50%10.96%
50% MSCI World Index & 50% BAML 3-Month Index14.73%14.73%6.18%

As of 12/31/2023

Inception Date: December 30, 2019

Performance data shown represents past performance and is not a guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month end performance information please call (866) 738-1128.

Share Classes
BLNDXREMIX
Share ClassInstitutionalInvestor
Minimum Investment$25,000$2,500
Net Expense Ratio1.30%1.55%
Gross Expense Ratio1.52%1.77%
  • Fund Inception: December 30, 2019
  • Dividend Frequency: Annually
  • Morningstar Category: Macro Trading

The Fund’s adviser contractually has agreed to waive its management fee and/or reimburse expenses so that total annual Fund operating expenses, excluding portfolio transaction and other investment-related costs (including brokerage fees and commissions); taxes; borrowing costs (such as interest and dividend expenses on securities sold short); acquired fund fees and expenses; fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); any amounts payable pursuant to a distribution or service plan adopted in accordance with Rule 12b-1 under the Investment Company Act of 1940; any administrative and/or shareholder servicing fees payable pursuant to a plan adopted by the Board of Trustees; expenses incurred in connection with any merger or reorganization; extraordinary expenses (such incurred in the ordinary course of the Fund’s business, do not exceed 1.24% through February 28, 2024.

Important Risk Information

Investors should carefully consider the investment objectives, risk, charges, and expenses of the Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling (866) 738-1128 or at standpointfunds.com. Comparison funds’ prospectuses may be obtained by visiting the funds’ website. The prospectus should be read carefully before investing. The Standpoint Multi-Asset Fund is distributed by Ultimus Fund Distributors, LLC. Ultimus Fund Distributors, LLC is not affiliated with the other funds listed above.

Aggregate Bonds is represented by the The Bloomberg Barclays US Aggregate Bond TR Index which is a broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the US.

Buffered Equity is represented by the CBOE S&P500 15% Buffer Pro Index Jan Sr Index which is designed to track the returns of a hypothetical investment that over a period of approximately one year seeks to “buffer protect” against the first 15% of losses due to a decline in the S&P 500 Index while providing participation up to a capped level.

Commodities is represented by the DBIQ Optimum Yield Div Comdt TR Index which is based on 14 commodities drawn from the energy, precious metals, industrial metals and agriculture sectors.

Corporate Bonds is represented by the Markit iBoxx Liquid IG TR Index which provides a balanced representation of the USD liquid investment grade corporate bond universe.

Dividend Equity is represented by the S&P US Dividend Growers TR Index which is designed to measure the performance of U.S. companies that have followed a policy of consistently increasing dividends every year for at least 10 consecutive years.

Emerging Market Equity is represented by the MSCI FV EM IMI GR USD Index which captures large, mid and small cap representation across 24 Emerging Markets (EM) countries.

Equities + Bonds is represented by the Morningstar Mod Tgt Risk TR Index which maintains a target level of equity exposure through a portfolio diversified across equities, bonds and inflation-hedged instruments and seeks approximately 60% exposure to global equity markets.

Gold is represented by the DJ Cmmdty Gold TR Index which is designed to track the gold market through futures contracts.

Inflation is represented by the IA SBBI US Inflation Index which is a US CPI proxy.

Intermediate Term Government Bonds is represented by the Bloomberg US Treasury 7-10 Yr TR Index which measures the performance of US dollar-denominated, fixed-rate, nominal debt issued by the US Treasury with remaining years to maturity between 7 and 10 years.

International Equity (Ex-US) is represented by the FTSE World Ex US TR Index which is comprised of Large and Mid cap stocks providing coverage of Developed and Emerging Markets excluding the US.

Large Cap US Equity is represented by the S&P 500 Total Return Index which measures the performance of largest 500 widely held stocks in the US equity market.

Long Term Government Bonds is represented by the Bloomberg US Treasury 25+ Yr TR Index which measures the performance of US dollar-denominated, fixed-rate, nominal debt issued by the US Treasury with a maturity greater than 25 years.

Mid Cap US Equity is represented by the S&P MidCap 400 Index which measures the performance of 400 US mid-sized companies.

Mortgage Backed Securities is represented by the Bloomberg US MBS TR Index which tracks fixed-rate agency mortgage backed pass-through securities guaranteed by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC).

Municipal Bonds is represented by the ICE AMT-Free US National Muni TR Index which is a broad, comprehensive, market value-weighted index designed to measure the performance of the investment-grade tax-exempt U.S. municipal bond market.

Real Estate is represented by the DJ US Real Estate TR Index which is designed to track the performance of real estate investment trusts (REIT) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies.

Small Cap US Equity is represented by the Russell 2000 TR Index which measures the performance of the 2,000 smaller companies included in the Russell 3000 Index.

TIPS is represented by the ICE US Treasury Inflation Linked TR Index which is market value weighted and is designed to measure the performance of U.S. dollar-denominated, inflation-protected securities with a minimum term to maturity of at least one year

Treasury Bills is represented by the Bloomberg US Treasury Bill TR Index which tracks the market for treasury bills issued by the US government. US Treasury bills are issued in fixed maturity terms of 4, 13, 26 and 52 weeks.

Comparisons to indexes have limitations because the results do not represent actual trading. It is not possible to invest directly in an index. Unmanaged index returns do not reflect any fees or expenses associated with the active management of an actual portfolio. Index performance is shown for illustrative purposes only and will change over time.

Investing involves risk, including loss of principal.

Investing in underlying investment companies, including money market funds and ETFs, exposes the Fund to the investment performance (positive or negative) and risks of the investment companies. ETFs are subject to additional risks, including the risk that an ETFs shares may trade at a market price that is above or below its NAV. The Fund will indirectly bear a portion of the fees and expenses of the underlying fund in which it invests, which are in addition to the Fund’s own direct fees and expenses.

Investment in the Fund carries certain risks. The fund will invest a percentage of its assets in derivatives, such as futures and commodities. The use of such derivatives and the resulting high portfolio turnover may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed those experienced by funds that do not use futures contracts. The successful use of futures contracts draws upon the Adviser’s skill and experience with respect to such instruments and are subject to special risk considerations. The primary risks associated with the use of futures contracts are (a) the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the forward or futures contract; (b) possible lack of a liquid secondary market for a forward or futures contract and the resulting inability to close a forward or futures contract when desired;(c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the Adviser’s inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; (e) the possibility that the counterparty will default in the performance of its obligations; and (f) if the Fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements, and the Fund may have to sell securities at a time when it may be disadvantageous to do so.

Foreign investing involves risks not typically associated with US investments, including adverse fluctuations in foreign currency values, adverse political, social, and economic developments, less liquidity, greater volatility, less developed or less efficient trading markets, political instability and differing auditing and legal standards

Investors should carefully consider the investment objectives, risk, charges, and expenses of the Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling (866) 738-1128 or at standpointfunds.com. The prospectus should be read carefully before investing. The Standpoint Multi-Asset Fund is distributed by Ultimus Fund Distributors, LLC.


17864241-UFD-02/07/2024

Definitions

Beta is a measure of an investment's sensitivity to market movements. Max Decline is the peak-to-trough decline during a specific period. Sharpe is the ratio which measures risk-adjusted performance.

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