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1. Who is the Investment Manager of the ATAC Fund?
The ATAC Fund is managed by Pension Partners, LLC, an independent registered investment advisor founded in 1999. More information on Pension Partners, LLC can be found at www.pensionpartners.com.
2. Who are the Portfolio Managers for the ATAC Fund?
The co-portfolio managers are Edward M. Dempsey, CFP®, Chief Investment Officer/Founder of Pension Partners, and Michael A. Gayed, CFA, Chief Investment Strategist.
3. What is the Fund and Strategy offered?
The ATAC Inflation Rotation Fund (“ATACX”) is an absolute return, alternative strategy.
4. What are the inception dates for the Fund?
ATACX: September 10, 2012.
Pension Partners, LLC, has been running separately managed account strategies since December 2010.
5. Who acts as the administrator, custodian, and distributor of the Fund?
U.S. Bancorp Fund Services, LLC acts as the Fund’s Administrator, Transfer Agent, and Fund Accountant.
U.S. Bank, N.A. serves as the custodian to the Fund. The custodian is an affiliate of the Administrator.
Quasar Distributors, LLC acts as the Fund’s Distributor and principal underwriter in a continuous public offering of the Fund’s shares. The Distributor is an affiliate of the Administrator.
Diversification does not assure a profit nor protect against a loss in a declining market.
Mutual fund investing involves risk. Principal loss is possible. Because the Fund invests primarily in ETFs, it may invest a greater percentage of its assets in the securities of a single issuer and therefore is considered non-diversified. If a Fund invests a greater percentage of its assets in the securities of a single issuer, its value may decline to a greater degree than if the fund held were a more diversified mutual fund. The Fund is expected to have a high portfolio turnover ratio which has the potential to result in the realization by the Fund and distribution to shareholders of a greater amount of capital gains. This means that investors will be likely to have a higher tax liability. Because the Fund invests in Underlying ETFs an investor will indirectly bear the principal risks of the Underlying ETFs, including but not limited to, risks associated with investments in ETFs, large and smaller companies, real estate investment trusts, foreign securities, non-diversification, high yield bonds, fixed income investments, derivatives, leverage, short sales and commodities. The Fund will bear its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying funds.
The Fund’s investment objectives, risks, charges, expenses and other information are described in the statutory or summary prospectus, which must be read and considered carefully before investing. You may download the statutory or summary prospectus or obtain a hard copy by calling 855-ATACFUND or visiting www.atacfund.com. Please read the Prospectuses carefully before you invest.
Duration is a commonly used measure of the potential volatility of the price of a debt security, or the aggregate market value of a portfolio of debt securities, prior to maturity. Securities with a longer duration generally have more volatile prices than securities of comparable quality with a shorter duration.
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.
While the fund is no-load, management and other expenses still apply.
The Fund is only offered to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of our Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.