Prices as of 11/5/2021 | ||
| Current NAV | Previous NAV | Difference |
|---|---|---|
| 10.33 | 10.30 | +0.03 |
Performance | ||||||
Returns as of 11/5/2021 | ||||||
Returns as of Quarter End 9/30/2021 | ||||||
*The Fund inception was 4/2/2018. | ||||||
The performance information quoted above represents past performance, which is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Ticker Information | |
| NASDAQ TICKER | CAVTX |
|---|---|
| CUSIP NUMBER | 85521B841 |
Minimum Investment | |
| Initial | $1,000.00 |
| Subsequent | $50.00 |
| IRA Initial | $1,000.00 |
| IRA Subsequent | $50.00 |
Management | |
| Portfolio Manager | Scott Wetherington |
| Investment Advisor | Cavalier Investments, LLC d/b/a Adaptive Investments 12600 Deerfield Drive Suite 100 Alpharetta, GA 30004 |
| Distributor | Capital Investment Group, Inc. 100 E Six Forks Road Suite 200 Raleigh, NC 27609 |
| Inception Date | September 20, 2012 |
State Registrations | |
| The fund is available for sale in the following states: | All States plus AA, AE, AP and DC |
Shareholder Transaction Expenses | |
| Maximum Sales Charge (Load) Imposed On Purchases (as a % of offering price) | 4.50% |
| Maximum Deferred Sales Charge (Load) (as a %of the lesser of amount purchased or redeemed) | None |
| Redemption Fee (as a % of amount redeemed) | None |
Annual Fund Operating Expenses | |
| Management Fees | 1.00% |
| Distribution and/or Service (12b-1) Fees | 0.25% |
| Other Expenses | 1.34% |
| Acquired Fund Fees and Expenses1 | 0.19% |
| Total Annual Fund Operating Expenses | 2.78% |
| Less Fee Waiver and/or Expense Limitation2 | 1.09% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Limitation | 1.69% |
| 1 "Acquired Fund" means any investment company in which the Fund invests or has invested during the previous fiscal year. The "Total Annual Fund Operating Expenses" and "Net Annual Fund Operating Expenses" will not match the Fund’s gross and net expense ratios reported in the Financial Highlights from the Fund’s financial statements, which reflect the operating expenses of the Fund and do not include Acquired Fund Fees and Expenses. 2 Cavalier Investments, LLC d/b/a Adaptive Investments, the investment advisor to the Fund (the "Advisor"), has entered into an expense limitation agreement with the Fund under which it has agreed to waive or reduce its fees and assume other expenses of the Fund, if necessary, in an amount that limits the Fund’s annual operating expenses (exclusive of: (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses; (iv) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short); (vi) taxes; and (vii) extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees and contractual indemnification of Fund service providers (other than the Advisor)) to not more than 1.25%, 2.25%, and 1.50% of the average daily net assets of the Institutional, Class C, and Class A shares of the Fund, respectively. Net annual operating expenses for the Fund may exceed these limits to the extent that it incurs expenses enumerated above as exclusions. The expense limitation agreement runs through September 30, 2022, and may be terminated by the Board at any time. The Advisor cannot recoup from the Fund any amounts paid by the Advisor under the expense limitation agreement. | |
Principal Risks of Investing in the Fund | |
| An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks: Common Stock Risk, Control of Portfolio Funds Risk, Equity Securities Risk, Leveraged and Inverse ETF Risk, ETF Investing Risk, Fund Investing Risk, ETN Risk, Investment Advisor Risk, Large-Cap Securities Risk, Market Risk, Portfolio Turnover Risk, Quantitative Model Risk, Small-Cap and Mid-Cap Securities Risk, Cybersecurity Risk, and COVID-19 Risk. More information about these risks and other risks can be found in the Fund’s prospectus. | |
| An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at the link below or by calling Shareholder Services at 1-800-773-3863. The prospectus should be read carefully before investing. | |
Download Information | |
| Supplement dated November 1, 2021 | |
| Supplement to N-14 dated November 2, 2021 | |
| Prospectus and SAI for the Reorganization of the Adaptive Funds | |
| Supplement dated September 23, 2021 | |
| Summary Prospectus | |
| Prospectus | |
| Privacy Policy | |
| Annual Report | |
| Semi-Annual Report | |
| Application | |
| SAI | |
| IRA Information | |
| IRA Application | |
| SEP IRA Instructions | |
| SEP IRA Application | |
| Cost Basis FAQ | |
| Cost Basis Election Form | |
Portfolio Holdings | |
| Portfolio Holdings as of 9/30/2021 | Click to View |
| Portfolio Holdings as of 8/31/2020, 1st Quarter of the most recent fiscal year | Click to View |
| Portfolio Holdings as of 2/29/2020, 3rd Quarter of the most recent fiscal year | Click to View |
Click on any of the above links to view the document. For best results right-click the link and choose "Save as" to save the PDF file to your local disk drive. All documents are in Adobe Acrobat (.pdf) format.
The Fund may not be available for sale in all states. The information presented on this page is not an offer to sell or a solicitation of an offer to purchase the Fund.
The Fund may not be available for sale in all states. The information presented on this page is not an offer to sell or a solicitation of an offer to purchase the Fund.
Distributor: Capital Investment Group, Inc., Member FINRA/SIPC, 100 E Six Forks Road, Suite 200, Raleigh, NC 27609, (800) 773-3863.
There is no affiliation between Cavalier Investments, LLC d/b/a Adaptive Investments, including its principals, and Capital Investment Group, Inc.