An Innovative Blend
Opposing yet complementary
investment approaches
to help you achieve your financial goals
Opposing yet complementary
investment approaches
to help you achieve your financial goals
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ActivePassive Small/Mid Cap Value Fund Ticker Share Class A: APMVX
Investment Objective & Strategy The ActivePassive Small/Mid Cap Value Fund seeks long term capital appreciation. It invests at least 80% of its net assets directly in equity securities of small and medium capitalization U.S. companies (companies with market capitalizations between $14 million and $31 billion) and through other investment companies, such as mutual funds or exchange traded funds (ETFs) which invest primarily in those types of equity securities. Current Optimal Ratio*  *The Advisor allocates between 40% and 70% of the Fund's net assets to the subadvisor for active management and between 30% and 60% of the Fund's net assets for passive management. Within these guidelines, the portfolio managers establish the fund's Current Optimal Ratio (COR). The COR is based on the advisor's proprietary and ongoing analysis for each investment category and may change over time. Featured Investments Active Component Riazzi Asset Management, LLC (RAM) was formed in June 2007 and currently manages small, small/mid, large, all cap equity and balanced assets for institutional investors, high net worth clients and managed account programs. As a 100% employee-owned boutique firm, RAM thrives on an extremely entrepreneurial, flexible and passionate investment environment. View Investment Strategy Summary Passive Component Seventy-seven percent (77%) of the Fund's passive component is allocated to the iShares Russell 2000 Value Index Fund (IWN), which seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization value sector of the U.S. equity market, as represented by the Russell 2000 Value Index. Twenty-three percent (23%) of the Fund's passive component is allocated to the iShares Russell Midcap Value Index Fund (IWS), which seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the mid-capitalization value sector of the U.S. equity market as represented by the Russell Midcap Value Index.
Disclosures Mutual fund investing involves risk. Principal loss is possible. The fund is non-diversified, meaning that it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore the fund is more exposed to individual stock volatility than a diversified fund. Investments in REIT securities involve risks such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Investments in smaller companies involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and difference in accounting methods. 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 ETFs. Because the fund invests in ETFs, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares. References to other funds should not be interpreted as an offer of these securities. The fund charges a maximum 5.75% sales load. The sales load is waived for investors purchasing shares through the Advisor's wrap program. Speak with your Investment Advisor for more details.
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