Fund Overview

In August 2017, The Absolute Convertible Arbitrage Fund was converted from a hedge fund managed by Mohican Financial Management. The Fund seeks to achieve positive absolute returns over the long-term with low volatility when compared to traditional market indices. To achieve this, Mohican, the sub-adviser to the Fund, expects to take advantage of the relationship between a company’s convertible bonds and its common stock seeking positive absolute returns over the long-term with lower volatility than traditional market indices. (view/download “Convertible Arbitrage Explained”)

 

The Fund is designed to complement either the alternatives or fixed income sleeve of a diversified portfolio and may be attractive to investors seeking moderate return with relatively low volatility.

 

Structure:
Open-End Mutual Fund

 

Ticker:
ARBIX: I-Share Class

 

Inception Date:
October 1, 2002

 

Shareholder Servicing & Fund Administration:
Atlantic Fund Services

 

Distributor:
Foreside Fund Services, LLC

Past performance does not guarantee future results. 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 com¬plete description of the Fund’s principal investment risks please refer to the prospectus.
 
Asset allocation decisions may not always be correct and may ad¬versely affect Fund performance. The value of a convertible security is influenced by changes in interest rates, with investment value declin¬ing as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also may have an effect on a convertible security’s investment value. Debt securities have interest rate, inflation and credit risks and are subject to prepay¬ment and default risk. High yield and junk securities involve greater risk and tend to be more sensitive to economic conditions and credit risk. Short sales may be considered speculative and it may be difficult to purchase securities to meet delivery obligations. The Fund may leverage transactions which include selling securities short as well as borrowing for other than temporary or emergency purposes. Leverage creates the risk of magnified capital losses. Diversification does not prevent loss or enhance returns. Foreign investments present additional risk due to currency fluctuations, economic and political factors, government regula¬tions, differences in accounting standards and other factors. Investments in emerging markets involve even greater risks. Small, mid and large cap stocks are subject to substantial risks such as market, business, size vola¬tility, management experience, product diversification, financial resource, competitive strength, liquidity, and potential to fall out of favor that may cause their prices to fluctuate over time, sometimes rapidly and unpre¬dictably. The Fund is actively managed and may experience high turnover. This may cause higher fees, expenses and taxes, which could detract from Fund performance. The Fund is new and has a limited history of opera¬tions.
 
These views are subject to change at any time based on market and other conditions, and Absolute Investment Advisers disclaims any responsibility to update such views. No forecasts can be guaranteed. These views may not be relied upon as investment advice or as an indication of trading intent on behalf of any Absolute Investment Advised investment product.