Investment Strategy
The Fund seeks long-term capital appreciation. Employing a proprietary investment model, the Fund’s adviser invests the Fund’s assets primarily in securities and derivative instruments that, to varying degrees, provide for an allocation among (i) long exposure to CBOE Volatility Index (“VIX Index”) futures and VIX Index exchange-traded products (“ETPs”); (ii) short exposure to VIX Index futures and VIX Index ETPs; (iii) long exposure to S&P 500 Index futures and S&P 500 Index ETPs; (iv) long exposure to long-term U.S. Treasury securities, and (v) cash.
50/50 Volatility Strategy
In managing the Fund, the Adviser uses a 50/50 blend of Long and Short Volatility Strategies, based on the Fund’s net assets, in order to seek to capitalize on extended downtrends in the price of VIX Index futures and VIX Index ETPs, while mitigating the effect of sudden price appreciation in VIX Index futures and VIX Index ETPs. Depending on the level of volatility in the market, the Fund, through its 50/50 approach, will emphasize different portfolio constituents in differing amounts or levels.
MONTHLY RETURNS as of 4/30/2023
|
MONTH |
YTD |
1 YEAR |
5 YEAR |
SINCE INCEPTION |
|
|
ABRSX |
8.62% |
19.09% |
13.11% |
9.63% |
2.91% |
|
ABRJX |
8.61% |
19.08% |
12.98% |
9.36% |
2.67% |
QUARTERLY RETURNS as of 3/31/2023
|
QUARTER |
YTD |
1 YEAR |
5 YEAR |
SINCE INCEPTION |
|
|
ABRSX |
9.64% |
9.64% |
-11.59% |
9.30% |
1.42% |
|
ABRJX |
9.63% |
9.63% |
-11.78% |
9.04% |
1.17% |
|
PURCHASE OF SHARES |
INSTITUTIONAL SHARES |
INVESTOR SHARES |
|
Minimum Initial Investment |
$100,000 |
$5,000 |
|
Minimum Additional Investment |
None |
None |
|
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SHAREHOLDER FEES |
INSTITUTIONAL SHARES |
INVESTOR SHARES |
|
Sales Load |
None |
None |
|
Deferred Sales Load |
None |
None |
|
Redemption Fee |
None |
None |
|
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|
|
ANNUAL FUND OPERATING EXPENSES |
INSTITUTIONAL SHARES |
INVESTOR SHARES |
|
Management Fees |
2.50% |
2.50% |
|
Distribution (12b-1) Fees |
None |
0.25% |
|
Other Expenses |
0.41% |
1.99% |
|
Total Annual Fund Operating Expenses |
2.91% |
4.74% |
|
Less Fee Waivers 1 |
(0.41)% |
(1.99)% |
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TO PURCHASE DIRECT, PLEASE FOLLOW THESE STEPS:
VIA REGULAR MAIL
1) Download Application
| ACCOUNT APPLICATION |  |
| IRA APPLICATION | |
| IRA TRANSFER FORM | |
2) Complete Application
If you have any questions, please call 1-855-422-4518 (toll free).
Monday – Friday
9:00 AM to 5:00PM ET
3) Send Application
Please send the completed application with check or wire instructions
to one of the addresses below:
| Regular Mail To:
ABR 50/50 Volatility Fund |
Overnight Express Mail To:
c/o ABR 50/50 Volatility Fund |
VIA ONLINE APPLICATION
Goto to link above CLIENTS > ONLINE ACCOUNT APPLICATION.
ALSO AVAILABLE AT MANY MAJOR FIRMS
Please check with your broker dealer
|
|
INSTITUTIONAL |
INVESTOR |
|
|
|
Ticker |
ABRSX |
ABRJX |
|
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|
CUSIP |
34984Y658 |
34984Y641 |
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Net Expense Ratio1 |
2.50% |
2.75% |
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Gross Expense Ratio1 |
2.90% |
4.41 |
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Inception Date |
10/2/2017 |
10/2/2017 |
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RESOURCES |
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CONTACT |
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For current fund prices and information contact: |
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855.422.4518 (toll-free) |
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1 The Adviser has contractually agreed waive its fee and/or reimburse Fund expenses to limit Total Annual Fund Operating Expenses (excluding all taxes, interest, portfolio transaction expenses, acquired fund fees and expenses, proxy expenses and extraordinary expenses) of Institutional Shares and Investor Shares to 2.50% and 2.75%, respectively, through at least November 30, 2023.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information please call (855) 422-4518 or click here to view or download a prospectus online. Please read the prospectus carefully before you invest.
The performance data represents past performance. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. Investing is subject to risk; investment return and principal value will fluctuate, and upon redemption, shares may be worth more or less than the amount originally invested. The return on and value of an investment in the mutual fund will fluctuate in response to market movements. Investments are subject to market risks, such as rapid increase or decrease in an investment value or liquidity, fluctuations in price due economic conditions and other factors beyond the control of the Adviser. Current performance may be higher or lower than the performance data quoted. For performance current to the most recent month-end, please click here.
As with any mutual fund, there are risks involved with investing in the ABR 50/50 Volatility Fund, including the possible loss of principal. Other risks specific to the Fund are detailed in the prospectus. The Fund may be non-diversified, and fluctuations in individual holdings will have a greater impact on the Funds’ performance. The Funds may also invest in derivative instruments, and a small investment could have a large potential impact on the performance of the Fund. Future contracts have risks associated with index correlation, liquidity, default and margin. Please refer to the prospectus section Principal Investment Risks for additional risks that could affect the value of your investment.
The Fund will engage in short sale transactions, and will lose value if the security or instrument that is the subject of a short sale increases in value. Please refer to the prospectus section Principal Investment Risks for additional risks that could affect the value of your investment.
There are risks involved with investing including the possible loss of principal. Upon redemption, shares may be worth more or less than the amount originally invested. The Fund is non-diversified, and fluctuations in individual holdings will have a greater impact on the Fund’s performance. The Fund may also invest in derivative instruments, and a small investment could have a large potential impact on the performance of the Fund. Furthermore, future contracts have risks associated with index correlation, liquidity, default and margin. Please refer to the prospectus section Principal Investment Risks for additional risks that could affect the value of your investment.
Distributed by Foreside Fund Services, LLC. www.foreside.com
Investors cannot invest directly in an index. The S&P 500® Total Return Index, as adjusted to reflect reinvestment of dividends, is an unmanaged index of 500 stocks and sets forth the performance of a broad-based stock market index. The S&P 500® VIX Short-Term Futures Index TR is an index which measures the return from a daily rolling long position in the first and second contract months in the VIX futures traded on the Chicago Board Options Exchange (CBOE). The VIX® is a trademarked ticker symbol for the CBOE Market Volatility Index®, a popular measure of the implied volatility of S&P 500® index options. The Bloomberg Barclays U.S. Treasury 20+ Year Total Return Index is an unmanaged index of U.S. treasury securities that have a remaining maturity of at least 20 years. The ABR Dynamic Blend Equity & Volatility Index and the ABR Enhanced Short Volatility Index Powered by WilshireSM (The Index) invests in a different mix of investments than these indices, which may cause some differences in the performance among the Index and these indices. Wilshire®, the Wilshire IndexesSM and ABR Dynamic Blend Equity & Volatility Index and the ABR Enhanced Short Volatility Index Powered by WilshireSM are service marks of Wilshire Associates Incorporated (“Wilshire”) and have been licensed for use by ABR Dynamic Funds, LLC. All content of the Wilshire IndexesSM and ABR Dynamic Blend Equity & Volatility Index and the ABR Enhanced Short Volatility Index Powered by WilshireSM is © 2015 Wilshire Associates Incorporated, all rights reserved. ABR Dynamic Blend Equity & Volatility Index and the ABR Enhanced Short Volatility Index Powered by WilshireSM is not sponsored, endorsed, sold or promoted by Wilshire, and Wilshire makes no representations or warranties with respect to ABR Dynamic Blend Equity & Volatility Index and the ABR Enhanced Short Volatility Index Powered by WilshireSM.