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1. Who is the Investment Manager of the ATAC Funds?
The ATAC Funds are 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 Funds?
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 are the Funds and Strategies offered?
The ATAC Inflation Rotation Fund (“ATACX”) is an absolute return, alternative strategy. The ATAC Beta Rotation Fund (“BROTX”) is an equity sector rotation fund.
4. What are the inception dates for the Funds?
ATACX: September 10, 2012.
BROTX: April 9, 2014.
Pension Partners, LLC, has been running separately managed account strategies since December 2010.
5. Who acts as the administrator, custodian, and distributor of the Funds?
U.S. Bancorp Fund Services, LLC acts as the Funds’ Administrator, Transfer Agent, and Fund Accountant.
U.S. Bank, N.A. serves as the custodian to the Funds. The custodian is an affiliate of the Administrator.
Quasar Distributors, LLC acts as the Funds’ Distributor and principal underwriter in a continuous public offering of the Funds’ 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 Funds invest primarily in ETFs, they 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 Funds are 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 Funds invest 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 Beta Rotation Fund is new with no operating history and there can be no assurances that the fund will grow or maintain an economically viable size.
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 Funds are 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.