Prices as of 8/19/2019

Current NAV Previous NAV Difference
10.34 10.34  

Click Here for Dividend History

Performance

Returns as of 8/19/2019

Cavalier Adaptive Income Fund Institutional Class

DailyMTDYTD1yr5yr
  0% 0.29% 3.92% 6.4% 3.68%

Barclays US Aggregate Total Return Index

DailyMTDYTD1yr5yr
-0.3% 1.98% 8.45% 9.67% 3.31%

*The Fund inception was 10/2/2009.

Click Here for Month End Returns

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 CADTX
CUSIP NUMBER 85520V202

Minimum Investment

Initial $1,000.00
Subsequent $50.00
IRA Initial $1,000.00
IRA Subsequent $50.00

Management

Portfolio ManagersMatt Boden
Chad Stephens
Rick Nelson
Investment AdvisorCavalier Investments,LLC
12600 Deerfield Parkway, Suite 100
Alpharetta, GA 30005
Investment Sub-AdvisorBuckhead Capital Management Company
3300 Cumberland Boulevard, Suite 1450
Atlanta, GA 30339
DistributorCapital Investment Group, Inc.
100 E Six Forks Road
Suite 200
Raleigh, NC 27609
Inception DateOctober 2, 2009

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)None
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) FeesNone
Other Expenses 3.03%
Acquired Fund Fees and Expenses10.11%
Total Annual Fund Operating Expenses4.14%
Less Fee Waiver and/or Expense Limitation22.78%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Limitation1.36%
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, 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, 2019 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: Asset-Backed Securities Investment Risk, Convertible Securities Risk, Corporate Debt Securities Risk, Credit Risk, Cybersecurity Risk, Fixed Income Risk, Foreign Securities and Emerging Markets Risk, High-Yield Risk, Inflation Risk, Interest Rate Risk, Investment Advisor Risk, Market Risk, Mortgage-Backed Securities Risk, Portfolio Turnover Risk, Preferred Equity Risk, and U.S. Government Securities 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

Summary Prospectus
Prospectus

Downlaod Information

Supplement dated May 15, 2019/dl/supplement/adaptiveincome.pdf

Download Information

Notice of Internet Availability dated November 30, 2018
Information Statement dated November 30, 2018
Privacy Policy
Annual Report
Semi-Annual Report
Application
SAI
IRA Information
IRA Application
SEP IRA Instructions
SEP IRA Application
XBRL
XBRL - October 4, 2018
Cost Basis FAQ
Cost Basis Election Form

Portfolio Holdings

Portfolio Holdings as of 7/31/2019 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.

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, including its principals, and Capital Investment Group, Inc.