Fact Sheet
BLNDX/REMIX
December 31, 2022
Multi-Asset Fund
The Standpoint Multi-Asset Fund utilizes an all-weather approach that was designed to seek positive absolute returns in a wide range of economic environments.
An All-Weather Approach
An all-weather approach is an asset allocation methodology that diversifies across geographic regions, asset classes, and investment styles. This multi-layered diversification is designed to mitigate risk and seeks to provide stable returns
- Multi-asset and multi-strategy diversification
- Exposure to markets in over 25 different countries and 10 different sectors
| Q4 | YTD | 1-Year | 3-Year | Since Inception | |
|---|---|---|---|---|---|
| BLNDX | 0.38% | 3.71% | 3.71% | 13.14% | 13.13% |
| REMIX | 0.34% | 3.43% | 3.43% | 12.85% | 12.84% |
| 50% MSCI World Index & 50% BAML 3-Month Index | 5.37% | -8.13% | -8.13% | 3.54% | 3.47% |
| 50% MSCI World Index & 50% SG Trend Index | 1.91% | 4.81% | 4.81% | 10.46% | 10.29% |
As of 12/31/2022 | |||||
Reasons
Increased Diversification
Combines returns from equities, commodities, fixed income, and currencies across different geographic regions.
New Opportunities
Provides exposure to markets and returns that may not be in typical portfolios.
Seeks Stable Returns
Seeking returns from a diverse set of markets can create low volatility performance, allowing investors to stay invested for the long term.
Downside Risk Management
Can perform well in a variety of market conditions, potentially reducing risk without sacrificing return.
Fund Overview
| Fund Inception | December 30, 2019 |
|---|---|
| Dividend Frequency | Annual |
| Morningstar Category | Macro Trading |
| Portfolio Management | Eric Crittenden, Shawn Serikov |
BLNDX
-Institutional
| Minimum | $25,000 |
|---|---|
| Net Expense Ratio | 1.27% |
| Gross Expense Ratio | 1.94% |
REMIX
-Investor
| Minimum | $2,500 |
|---|---|
| Net Expense Ratio | 1.52% |
| Gross Expense Ratio | 2.19% |
Performance data shown represents past performance and is not a guarantee of future results. Investments in mutual funds involve risks. 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 information please call (866) 738-1128. You can also obtain a prospectus at standpointfunds.com.
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 as litigation expenses, indemnification of Trust officers and Trustees and contractual indemnification of Fund service providers); and other expenses that the Trustees agree have not been incurred in the ordinary course of the Fund’s business, do not exceed 1.28% through February 28, 2022.
Multi-Asset Index Blend
The Multi-Asset Index Blend is a mix of third party indexes that we believe most closely represents Standpoint's approach to all weather investing.
The Multi-Asset Index Blend shows how blending multiple assets and strategies has historically delivered higher returns than stocks, with less volatility and smaller declines. Below is how the Multi-Asset Index Blend has performed since Jan. 1, 2000.
Multi-Asset Index Blend vs. Global Equities
Multi-Asset Index Blend vs. Global Equities
| Multi-Asset Index Blend | Global Equities | |
|---|---|---|
| Annualized Return | 6.35% | 5.09% |
| Volatility | 9.84% | 15.72% |
| Worst Decline | -20.48% | -53.65% |
| Beta to Global Equities | 0.42 | 1.00 |
| Downside Beta to Global Equities | 0.22 | 1.00 |
| Profitable 36-Month Periods (%) | 97.10% | 80.50% |
Data from 1/1/2000 - 12/31/2022 | ||
Index Blend Highlights
Modern Portfolio Theory argues that investing in asset combinations that move differently from one another may reduce the overall risk of an investment portfolio.
Historically, the Multi-Asset Index Blend has allowed investors to experience steady growth while minimizing declines.
Multi-Asset Mutual Fund vs. Multi-Asset Index Blend
Below is how BLNDX has performed compared to the Multi-Asset Index Blend since the fund's inception on 12/30/2019.
This comparison shows that Standpoint's Multi-Asset Mutual Fund moves in a correlated way to the third party indexes that represent an all weather strategy. Since inception the mutual fund has had higher returns and smaller declines than the blend of indexes.
BLNDX vs. Multi-Asset Index Blend
BLNDX vs. Multi-Asset Index Blend
| BLNDX | Multi-Asset Index Blend | |
|---|---|---|
| Return Since Inception | 13.13% | 10.29% |
| YTD Return | 3.71% | 4.81% |
| 1 Year Return | 3.71% | 4.81% |
| 3 Year Return | 13.14% | 10.46% |
| Volatility | 12.18% | 10.97% |
| Worst Decline | -9.33% | -18.16% |
As of 12/31/2022 | ||
Mutual Fund vs. Index Blend Highlights
BLNDX has provided higher returns and lower risk than the Multi-Asset Index Blend.
BLNDX utilizes an asset allocation methodology that diversifies across geographic regions, asset classes, and investment styles.
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Past performance does not guarantee future results. Investors should carefully consider the investment objectives, risk, charges, and expenses of the Fund. Diversification does not ensure a profit or guarantee against loss. 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.
Index data from 1/1/2000 through 9/30/2022. Global equities are represented by the MSCI World Total Return Index. “All-Weather” is represented by a 50/50 allocation to the MSCI World TR Index and the SG Trend Index, rebalanced every 12 months. 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, expenses, or sales charges. The referenced indexes are shown for general market comparisons and are not meant to represent the Fund.
Glossary and Risk Considerations:
Investing involves risk, including loss of principal. There is no guarantee that the fund will achieve its investment objective. 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 derivates. 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.
Drawdown is the peak-to-trough decline during a specific period. Beta is a measure of an investment's sensitivity to market movements. Downside Beta is the element of beta, a measure of a fund’s sensitivity to market movements, of a fund that is associated with the risk of uncertain potential for loss. The BofAML US T-Bill 3 Month Index tracks the performance of the U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than 3 months. The MSCI World Total Return Index captures large and mid cap representation across 23 Developed Markets countries. The Index has over 1,500 constituents and covers approximately 85% of the free float-adjusted market capitalization in each country. The index is reviewed quarterly and rebalanced semi-annually and the large and mid capitalization cutoff points are recalculated. The SG Trend Index is designed to track the 10 larges (by AUM) trend following CTAs and be representative of the trend followers in the managed futures space. The SG Trend Index is equally weighted, and rebalanced and reconstituted annually.
16238347-UFD-01/06/2023
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