Wavelength
Fund
Fund
Ticker: WAVLX
NAV
($) Change
(%) Change
$9.45
As of: 2023-01-09
$0.02
% 0.21
1 The Adviser has contractually agreed until at least October 1, 2025 to reduce its management fee and/or reimburse expenses of the Fund to the extent necessary to maintain the total annual fund operating expenses at 0.99% of the average daily net assets, exclusive of certain expense such as expenses related to short sales and borrowing costs.
overview
Category
Nontraditional Bond
Principal Investment Strategy Overview:
Investment Objective
The Wavelength Fund (the “Fund”) seeks total return.
Investment Rationale
Macroeconomic Balance
The Fund aims 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.
Portfolio Hedging
The Fund uses four distinct sub-portfolios built on the economic relationships of markets traded and quantitatively balances the portfolio’s investment exposure.
Disciplined Risk Management
The Fund incorporates risk measures as part of its investment process which seeks to limit outsized sensitivity to any single economic outcome.
Key Advantages
Innovative Research
The Fund’s investment strategy is grounded in academic research and uses financial and economic concepts commonly examined by leading academics.
Diversified Instruments
The Fund seeks to avoid idiosyncratic, issuer-specific risks and is implemented through relatively diversified, index-level market measures.
Liquidity & Transparency
The Fund focuses on relatively liquid, exchange - traded instruments which are marked to market daily.
Nontraditional Bond
Principal Investment Strategy Overview:
Investment Objective
The Wavelength Fund (the “Fund”) seeks total return.
Investment Rationale
Macroeconomic Balance
The Fund aims 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.
Portfolio Hedging
The Fund uses four distinct sub-portfolios built on the economic relationships of markets traded and quantitatively balances the portfolio’s investment exposure.
Disciplined Risk Management
The Fund incorporates risk measures as part of its investment process which seeks to limit outsized sensitivity to any single economic outcome.
Key Advantages
Innovative Research
The Fund’s investment strategy is grounded in academic research and uses financial and economic concepts commonly examined by leading academics.
Diversified Instruments
The Fund seeks to avoid idiosyncratic, issuer-specific risks and is implemented through relatively diversified, index-level market measures.
Liquidity & Transparency
The Fund focuses on relatively liquid, exchange - traded instruments which are marked to market daily.
Ticker
WAVLX
CUSIP
90386H883
Net Expense Ratio1
1.22%
Gross Expense Ratio1
1.53%
Inception Date
9/30/2013
Check the background of Ultimus Fund Distributors, LLC on FINRA’s BrokerCheck.
FINRA'S BROKER CHECK1 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.
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
