Wavelength
Fund
Fund
Ticker: WAVLX
fees & minimums
Purchase of Shares
Minimum Initial Investment
$10,000
Minimum Additional Investment
$100 for Regular Accounts,
$50 for IRA's, UGMA/UTMA Accounts
$50 for IRA's, UGMA/UTMA Accounts
Shareholder Fees
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
None
Maximum Deferred Sales Charge (Load)
None
Maximum Sales Charge (Load) Imposed on Reinvested Dividends
None
Redemption Fee
None
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Management Fee
0.95%
Distribution and/or Service (12b-1) Fees
None
Other Expenses
0.35%
Acquired Fund Fees and Expenses 2
0.23%
Total Annual Fund Operating Expenses
1.53%
Fee Reductions and/or Expense Reimbursements 1
0.31%
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursement
1.22%
1 Wavelength Capital Management, LLC (the “Adviser”) has contractually agreed, until October 1, 2025, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, acquired fund fees and expenses and extraordinary expenses such as litigation and merger or reorganization costs and other expense not incurred in the ordinary course of the Fund’s business) to an amount not exceeding 0.99% of average daily net assets. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Fund for a period of three years after such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses to exceed the foregoing.
2 "Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses after Fee Waivers and/or Expenses Reimbursement” will not correlate to the ratios of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include “Acquired Fund Fees and Expenses.”
2 "Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses after Fee Waivers and/or Expenses Reimbursement” will not correlate to the ratios of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include “Acquired Fund Fees and Expenses.”
Before you invest in the Wavelength Fund, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling 866-896-9292. The prospectus should be read carefully before you invest or send money.
Prior to August 26th, 2022, the Wavelength Fund was named the Wavelength Interest Rate Neutral Fund.
As with any mutual fund investment, there is a risk that you could lose money by investing in the Wavelength Fund. There can be no assurance that the Wavelength Fund will achieve its investment objective. The return on and value of an investment in the Wavelength Fund will fluctuate in response to stock market movements. Stocks are subject to market risks, such as rapid increase or decrease in a stock’s value or liquidity, fluctuations in price due to earnings, economic conditions and other factors beyond the control of the Adviser. The Fund may invest in fixed income securities and as a result the Fund may be subject to the following risks: interest rate risk, credit risk, credit rating risk, prepayment and extension risk and liquidity risk. The Fund is offered only to United States residents, and is intended only for such persons. This should not be considered a solicitation to buy or an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Wavelength Capital Management, LLC is the adviser to the Wavelength Fund, which is distributed by Ultimus Fund Distributors, LLC.
Prior to August 26th, 2022, the Wavelength Fund was named the Wavelength Interest Rate Neutral Fund.
As with any mutual fund investment, there is a risk that you could lose money by investing in the Wavelength Fund. There can be no assurance that the Wavelength Fund will achieve its investment objective. The return on and value of an investment in the Wavelength Fund will fluctuate in response to stock market movements. Stocks are subject to market risks, such as rapid increase or decrease in a stock’s value or liquidity, fluctuations in price due to earnings, economic conditions and other factors beyond the control of the Adviser. The Fund may invest in fixed income securities and as a result the Fund may be subject to the following risks: interest rate risk, credit risk, credit rating risk, prepayment and extension risk and liquidity risk. The Fund is offered only to United States residents, and is intended only for such persons. This should not be considered a solicitation to buy or an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Wavelength Capital Management, LLC is the adviser to the Wavelength Fund, which is distributed by Ultimus Fund Distributors, LLC.
Wavelength Capital Management 2023