Fund Information
|
TickerWAVLX CUSIP90386H883 Net Expense Ratio1 Gross Expense Ratio1 Inception Date9/30/2013 |
||||||||||||
1
Overview
Performance &
Composition
Management
Fees &
Minimums
Purchase
the Fund
The Fund is designed to generate consistent returns uncorrelated with traditional fixed income markets and interest rate environments by targeting a hedged and diversified investment exposure across potential changing economic conditions.
The Fund’s investment strategy is grounded in academic research and uses financial and economic concepts commonly examined by leading academics.
The Fund seeks to avoid idiosyncratic, issuer-specific risks and is implemented through relatively diversified, index-level market measures.
The Fund focuses on relatively liquid, exchange - traded instruments which are marked to market daily.
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.
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.
As of 2022-12-31 (unless indicated otherwise)
As of 2022-12-31 (unless indicated otherwise)
| Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception | |
| WAVLX | -0.8% | -11.35% | -11.35% | -0.79% | 1.7% | 1.99% |
| Quarter | YTD | 1 Year | 3 Year | 5 Year | Since Inception | |
| WAVLX | 2.87% | -11.35% | -11.35% | -0.79% | 1.7% | 1.99% |
Portfolio Exposure as of 02/28/2023
Net Assets $ 112,569,599 (Subject to change)
| Security Type | Security Description | Exposure | Quanity |
| Treasury Futures | 5-year U.S. Treasury Note Future | 7,279,740 | 68 |
| Treasury Futures | U.S. Treasury Long Bond Future | 2,754,818 | 22 |
| Treasury Futures | 2-year U.S. Treasury Note Future | 10,797,478 | 53 |
| Index Futures | Bloomberg Commodity Index Future | 923,592 | 87 |
| Index Futures | E-Mini Dow CBOT DJIA Future | 817,050 | 5 |
| Index Futures | E-Mini S&P 500 Future | 795,100 | 4 |
| Index Futures | MSCI Emerging Markets Future | 1,877,655 | 39 |
| Commodity Futures | E-Mini Gold Future | 1,469,360 | 16 |
| Money Market | DWS Government Money Market Series | 5,977,286 | 5,977,286 |
| Money Market | Fidelity Institutional Money Market Government Portfolio - Class I | 5,977,286 | 5,977,286 |
| Money Market | Goldman Sachs Treasury Obligations Fund | 5,977,286 | 5,977,286 |
| Money Market | Invesco Short-Term Investments Trust | 5,977,286 | 5,977,286 |
| Exchange Traded Funds (ETFs) | Vanguard Real Estate ETF | 864,658 | 10,087 |
| Exchange Traded Funds (ETFs) | Invesco Senior Loan ETF | 15,118,777 | 721,660 |
| Exchange Traded Funds (ETFs) | iShares Broad USD High Yield Corporate Bond ETF | 5,711,126 | 163,315 |
| Exchange Traded Funds (ETFs) | iShares J. P. Morgan USD Emerging Markets Bond ETF | 3,528,936 | 41,400 |
| Exchange Traded Funds (ETFs) | iShares National Muni Bond ETF | 10,028,295 | 95,100 |
| Exchange Traded Funds (ETFs) | iShares S&P U.S. Preferred Stock Index Fund | 1,507,470 | 46,100 |
| Exchange Traded Funds (ETFs) | iShares TIPS Bond ETF | 11,438,464 | 106,722 |
| Exchange Traded Funds (ETFs) | SPDR Bloomberg Barclays Convertible Securities ETF | 1,125,971 | 16,793 |
| Exchange Traded Funds (ETFs) | SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 8,673,280 | 352,000 |
| Exchange Traded Funds (ETFs) | VanEck Vectors Emerging Market High Yield Bond ETF | 5,577,981 | 303,481 |
| Exchange Traded Funds (ETFs) | Vanguard Emerging Markets Government Bond ETF | 4,938,117 | 80,373 |
| Exchange Traded Funds (ETFs) | Vanguard Mortgage-Backed Securities ETF | 7,366,910 | 160,955 |
| Exchange Traded Funds (ETFs) | Vanguard Short-Term Inflation-Protected Securities ETF | 11,933,505 | 254,500 |
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.
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.
Management
Andrew Dassori
Chief Investment Officer
Education
BSc, London School of Economics
Mark Landis
Co-Founder
Education
BS, Union College
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.
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.
Purchase of shares
$50 for IRA's, UGMA/UTMA Accounts |
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.
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
Step 1 |
Step 2 |
|
Step 3 |
|
Regular Mail or Overnight Delivery
c/o Ultimus Fund Distributors, LLC
225 Pictoria Drive, Suite 450
Cincinnati, Ohio 45246
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.
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.
Resources
FINRA’s BrokerCheck
X-BRL Files : eXtensible Business Reporting Language
The XBRL files above can only be read with special viewer software. Additional information on the XBRL language and a free version of the viewer software is available on the SEC’s website at xbrl.sec.gov.
Please note that the XBRL file does not include all of the information contained in the Prospectus or Summary Prospectus. To access the full text of a Prospectus or Summary Prospectus, click on the link for each fund in the Prospectus or Summary Prospectus columns above.