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| | ABOUT
THE FUND | |
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| The Absolute
Strategies Fund is a multi-manager open-end
mutual fund that focuses
on achieving absolute returns and low correlation
and low volatility relative to the
broader markets. Absolute return strategies
seek to reduce overall portfolio volatility
and increase risk-adjusted returns. |
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Absolute Strategies Fund:
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Provides
access to skilled managers |
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Seeks
to reduce volatility and focus on risk-
adjusted returns. |
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Serves
as a long term investment seeking low
correlation to traditional markets |
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May
provide added diversification as part of an
overall disciplined investment program
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| Why
the Absolute Strategies Fund? |
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Reducing
volatility and lowering risk.
For years, pension funds, endowments, insurance
companies, institutional investors, and wealthy
families have included absolute return strategies
in a portion of their portfolios, seeking
to reduce overall portfolio volatility and
increase risk-adjusted returns. |
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Low
correlation to traditional market indices
Including a low correlating or alternative
asset class within a traditional portfolio
may offer broader and more balanced diversification |
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Convenient
Mutual Fund Structure. The Fund off ers
clients a unique investment solution, normally
associated with hedge funds, with the benefi
ts of daily pricing, daily liquidity, portfolio
transparency and low minimums. |
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Access
to highly-skilled and established money managers
whose strategies pursue absolute
or risk-adjusted returns. Many of the strategies
are unavailable to retail investors due to
high investment minimums. |
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The
Adviser allocates assets using a focused,
quantitative approach to diversification and
risk management by blending managers
and strategies together seeking to create
less volatile long-term returns. |
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The
Fund is not managed to a benchmark.
The Adviser views risk as a loss of capital,
not underperforming a benchmark. The vast
majority of all mutual funds are managed for
returns relative to a stated index or benchmark. |
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Investment
Objective : |
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The
Fund seeks to achieve long-term capital appreciation
with an emphasis on absolute (positive) returns
and low correlation to traditional financial market
indices such as the S&P 500 Index. There can be
no assurance the fund will achieve its objective.
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Investment
Parameters: |
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There
is no fixed or minimum allocation to any subadviser,
however, the Adviser will limit allocations to any
one sub-adviser strategy to between 0% and 20% of
total Fund assets. The Adviser will implement additional
allocation parameters, including single security,
sector and asset class limitations.
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Leverage: |
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Our
hedge strategies may use the limited amounts of
leverage associated with short selling allowable
in open-end funds. |
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Sub-Advisers: |
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Utilizing
separately managed accounts. Limit of 20% to any
single manager strategy by prospectus.
(Go to Sub-Advisers Page) |
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Shareholder
Servicing &
Fund Administration: |
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Atlantic Fund Administration |
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Custodian: |
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Citibank |
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Distributor:
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Foreside
Fund Services, LLC |
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© 2008 Absolute Investment Advisers LLC |
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Principal Risks: |
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Since
the Fund utilizes a multi-manager strategy with multiple sub-advisers,
it may be exposed to varying forms of risk. The Fund's net asset
value and investment return will fluctuate based upon changes
in the value of its portfolio securities. There is no assurance
that the Fund will achieve its investment objective, and an
investment in the Fund is not by itself a complete or balanced
investment program. For a complete description of the Fund?s
principal investment risks please refer to the prospectus.
The Fund is non-diversified and may focus its investments in
the securities of a comparatively small number of issuers. Concentration
in securities of a limited number of issuers exposes a fund
to greater market risk and potential monetary losses than if
its assets were diversified among the securities of a greater
number of issuers.
The Fund may invest in small- and medium-sized companies, which
involves greater risk than investing in larger, more established
companies such as increased volatility of earnings and prospects,
higher failure rates, and limited markets, product lines or
financial resources. The Fund may invest in foreign or emerging
markets securities, which involves special risks, including
the volatility of currency exchange rates and, in some cases,
limited geographic focus, political and economic instability,
and relatively illiquid markets.
The Fund may invest in debt securities which are subject to
interest rate risk. An increase in interest rates typically
causes a fall in the value of the debt securities in which the
Fund may invest. The Fund may also invest in high yield, lower
rated (junk) bonds which involve a greater degree of risk and
price fluctuation than investment grade bonds in return for
higher yield potential. The Fund's distressed debt strategy may involve a substantial degree of risk, including investments in sub-prime mortgage securities.
The Fund may purchase securities of companies in initial public
offerings. Special risks associated with these securities may
include a limited number of shares available for trading, unseasoned
trading, lack of investor knowledge of the company and limited
operating history. The Fund may leverage transactions, which
includes selling securities short as well as borrowing for other
than temporary or emergency purposes. Leverage creates the risk
of magnified capital losses. The Fund may also invest in derivatives
which can be volatile and involve various types and degrees
of risks, depending upon the characteristics of a particular
derivative. The Fund may invest in options and futures which
are subject to special risks and may not fully protect the Fund
against declines in the value of its stocks. In addition, an
option writing strategy limits the upside profit potential normally
associated with stocks. Futures trading is very speculative,
largely due to the traditional volatility of futures prices.
This Internet site is not an offer to sell or a solicitation
of an offer to buy shares in any jurisdiction outside the United
States.
Foreside Fund Services, LLC, Distributor.
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