Important Risk Information
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.
Investing involves risk, including loss of principal. There is no guarantee that the fund will achieve its investment objective.
Diversification does not guarantee a profit or protect against a loss.
For the period since the Fund’s inception on 12/30/19 to 12/31/22, the Fund (BLNDX) returned 13.13% and the Fund’s primary benchmark (50% MSCI World/50% BAML 3-month T-Bill) returned 3.47%. The 1-year return for BLNDX as of 12/31/2022 is 3.71% and -8.13% for the Fund’s primary benchmark.
Index data from 1/1/2000 through 12/31/2022. 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:
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.
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.
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.
Worst Decline 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 largest (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.
16577433-UFD-03/14/2023
