Investors Welcome Second Wave Of Liquid Alternatives
FINAlternatives.com Campbell, Mary
It seems like only yesterday that the first wave of liquid alternative funds washed over the financial industry, and yet those in the know are already talking about a second wave—if not a third.
Morningstar pegs the liquid alternatives universe today at 455 funds managing $154 billion—up from 217 funds managing $38 billion in 2008.
The views expressed in the article are those of the author and participants as of 9.2.2014 and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security. Information provided with respect to the Fund’s Portfolio Holdings, Sector Weightings, Number of Holdings, Performance and Expense Ratios are as of the dates described in the article and are subject to change at any time.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-877-322-0575. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)
An investment in an exchange-traded fund (ETF) generally presents the same primary risks as an investment in a conventional fund (i.e., one that is not exchange traded) that has the same investment objectives, strategies, and policies. The price of an ETF can fluctuate up or down, and the Fund could lose money investing in an ETF if the prices of the securities owned by the ETF go down. In addition, ETFs may be subject to the following risks that do not apply to conventional funds: (i) the market price of an ETF’s shares may trade above or below their net asset value; (ii) an active trading market for an ETF’s shares may not develop or be maintained; or (iii) trading of an ETF’s shares may be halted if the listing exchange’s officials deem such action appropriate, the shares are delisted from the exchange, or the activation of market-wide “circuit breakers” (which are tied to large decreases in stock prices) halts stock trading generally.
The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-877-322-0575.
All performance information and Fund statistics are calculated off of the Institutional share class. All Since Inception data reported since the 10/11/2006 inception of the IRON Strategic Income Fund.
Through 6/30/14, the Iron Strategic Income Fund (IFUNX) generated a one year return of 7.34%, a three year annualized return of 5.34%, a five year annualized return of 8.48% and an annualized return of 7.86% since the Fund’s inception on 10/11/2006.
As disclosed in the Fund’s current prospectus, gross expense ratio for the Institutional share class was 1.65%.