as of: 10/12/2018
The Harvest Edge Equity Fund is designed to perform by investing in a portfolio of U.S. equity securities and equity index exchange-traded funds ("ETFs"), the fund's Core Investments and by implementing its collateral yield enhancement overlay strategy (CYES) that utilizes relatively short-dated S&P 500 Index option call spreads and put spreads.
The Fund's Core Investments seek to deliver returns highly correlated to the S&P 500 Index.
Harvest's "Collateral Yield Enhancement Strategy" (CYES) seeks to generate returns in additions to those of the Fund's Core Investments by using relatively short-dated S&P 500 Index option call spreads and put spreads.
The CYES is designed to avoid directional bias relative to the S&P 500 Index and, under normal market conditions, has a low correlation to the equity and bond markets.
|Net Investment Income Rate||Short-Term Capital Gain Rate||Long-Term Capital Gain Rate|
Fees and Expenses
|Gross Expense Ratio (Before Waivers)||2.31%||2.04%|
|Net Expense Ratio (After Waivers)1||1.16%||0.91%|
An investment in the Fund involves risk, including loss of principal. Certain investments or investment transactions, such as options, are subject to the risk that the Fund's counter-party will become insolvent or otherwise be unwilling or unable to perform its obligations in a timely manner or at all. The options in which the Fund invests are derivatives. They involve risks different from, and in some respects greater than, the risks associated with investing in more traditional investments, such as stocks and bonds. Derivatives can be highly complex and highly volatile and may perform in unanticipated ways. Derivatives may create leverage, and the loss on derivative transactions may substantially exceed the Fund's initial investment. The Fund recently commenced operations and has limited operating history. There can be no assurance that the Fund will be successful.
Chief Executive Officer and Portfolio Manager
Managing Partner, Co-Founder
|Cumulative Total Returns % as of 8/31/2018||Annual Total Returns % as of 6/30/2018|
|Harvest Edge Absolute Fund (Institutional)||0.10||1.65||2.92||1.60||3.74||3.21||4.02|
|Harvest Edge Absolute Fund (Investor)||0.10||1.58||2.70||1.38||3.67||3.17||3.99|
|Bloomberg Barclays US Treasury Bills 1-3 Month Index (%)||0.16||0.48||1.10||1.29||0.62||0.38||0.26|
|Cboe S&P 500 Iron Condor Index (%)||0.20||1.71||3.47||-0.44||2.10||1.04||0.39|
Performance data quoted represent past performance. Past performance is no guarantee of future results and investment returns and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Call 1.844.434.4838 for current month end performance.
A privately offered fund managed by the Adviser was reorganized into the Fund as of the date the Fund commenced operations (Dec. 18, 2017). This privately offered fund was organized on May 14, 2009 and commenced operations on October 1, 2009 and had an investment objective, strategies, policies, restrictions and guidelines that were, in all material respects, the same as those of the Fund, and was managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. However, the privately offered fund was not registered as an investment company under the Investment Company Act of 1940, as amended ("1940 Act"), and the privately offered fund was not subject to certain investment limitations, diversification requirements, liquidity requirements, and other restrictions imposed by the 1940 Act and the Internal Revenue Code of 1986 which, if applicable, may have adversely affected its performance.
The Fund's performance for periods prior to the commencement of operations is that of the privately offered fund (net of actual fees and expenses charged to the privately offered fund). The performance of the privately offered fund has not been restated to reflect the fees, estimated expenses and fee waivers and/or expense limitations applicable to each class of shares of the Fund. If the performance of the privately offered fund had been restated to reflect the applicable fees and expenses of each class of shares of the Fund, the performance may have been higher or lower than the performance shown in the bar chart and Average Annual Total Returns table below. For periods following the Fund's commencement of operations on Dec. 18, 2017, the performance of each class of shares will differ as a result of the different levels of fees and expenses applicable to each class of shares.
2018 © Harvest Volatility Management, LLC. All Rights Reserved.
Disclaimer and Other Important Information:
An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click this link to obtain a Prospectus, which contains this and other information, or call us at 1.844.434.4838. Read the prospectus carefully before investing.
Not FDIC Insured - No Bank Guarantee - May Lose Value.
Harvest Edge Funds are distributed by ALPS Distributors, Inc.
Click this link to access Harvest's investing glossary. Harvest's investing glossary provides definitions for several terms used on this website.