The Alpha Hedged Strategies Fund

Risk-Adjusted Return Investment Objective Profile:

Market Neutral: Target Beta1: + .05 - .15
Low Volatility: Target Annualized Standard Deviation2: 4 - 6%
Moderate Leverage: Target Avg.: 25 - 40%
  • Multi-strategy, broad variety of fairly hedged portfolio strategies designed to produce more predictable returns regardless of market conditions
  • Limited draw-downs (2-3% target) seeks low correlation to equity and fixed-income markets
Ticker Symbol: ALPHX
CUSIP: 02146L104
 
Fund Expenses:
Total Annual Fund Operating Expenses 6.10% *
Net Fund Operating Expenses 3.99%
Redemption Fee: None
Minimum Investment $10,000 initial investment, $250 subsequent investment **

* This ratio includes interest expense and dividends on short positions incurred by both Alpha and the underlying funds, totaling 2.11%. Excluding interest expense and dividends on short positions, the total fund operating expenses of Alpha, including its pro-rata share of expense paid by the underlying funds would be 3.99%.

** Various broker and mutual fund platforms may set their own initial and subsequent investment minimums as well as charge a fee for processing subscription and redemption transactions. You may open an IRA rollover account for $15,000 or more but cannot open a new IRA account, as the annual contribution limit does not meet the Fund's minimum investment requirement.

The Beta Hedged Strategies Fund

Risk-Adjusted Return Investment Objective Profile:

Market Neutral: Target Beta1: + .30 - .50
Low Volatility: Target Annualized Standard Deviation2: 7 - 10%
Moderate Leverage: Target Avg.: 35 - 45%
  • Multi-strategy, broad variety of fairly hedged portfolio strategies designed to produce superior risk-adjusted returns regardless of market conditions
  • Moderate draw-downs (3-5% target seeks) moderate correlation to equity and fixed-income markets
Ticker Symbol: BETAX
CUSIP: 001427848
 
Fund Expenses:
Total Annual Fund Operating Expenses 5.97% *
Net Fund Operating Expenses 3.99%
Redemption Fee: None
Minimum Investment $10,000 initial investment, $250 subsequent investment **

* This ratio includes interest expense and dividends on short positions incurred by both Beta and the underlying funds, totaling 1.98%. Excluding interest expense and dividends on short positions, the total fund operating expenses of Beta, including its pro-rata share of expense paid by the underlying funds would be 3.99%.

** Various broker and mutual fund platforms may set their own initial and subsequent investment minimums as well as charge a fee for processing subscription and redemption transactions. You may open an IRA rollover account for $15,000 or more but cannot open a new IRA account, as the annual contribution limit does not meet the Fund's minimum investment requirement.

1 Beta measures the correlation and magnitude with which a fund moves in relation to a general market benchmark, the S&P 500

2 Standard Deviation measures the historical volatility of a fund or benchmark, utilizing daily returns since the inception of the fund.

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by clicking here. A hardcopy is available by calling 1-877-Low-Beta (569-2382). Read it carefully before investing.

Mutual fund investing involves risk; loss of principal is possible. Please consult an investment professional for advice regarding your particular circumstances. An investment in the Funds is not suitable for all investors.

Click Here for important Fund disclosure.