Performance

Performance TABLE

Growth of 10k

TOP TEN HOLDINGS

Performance: The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. The total annual fund operating expenses are Class I 0.64% and Class I2 0.63%. The Fund’s investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until October 31, 2019, to ensure that the net annual fund operating expenses will not exceed 0.60%, and 0.40% of average daily net assets attributable to Class I and Class I2, respectively. Please review the Fund’s Prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. A Fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month end, please call toll-free 1-877-345-9597. 
 
Performance shown before the inception date of the mutual fund, July 29th, 2016, is for the Fund’s predecessor limited partnership. The prior performance is net of management fee and other expenses. The Fund’s investment goals, policies, guidelines and restrictions are similar to the predecessor limited partnership. From its inception date, the predecessor limited partnership was not subject to certain investment restrictions, diversification requirements and other restrictions of the Investment Company Act of 1940 which if they had been applicable, it might have adversely affected its performance. In addition, the predecessor limited partnership was not subject to sales loads that would have adversely affected performance. Performance of the predecessor fund is not an indicator of future results. The Predecessor Fund had an inception date of June 30th, 2013. 


 

*As a result of the different tax treatment of the Predecessor Fund, we are unable to calculate after-tax returns for the Predecessor Fund. The Predecessor Fund did not have a distribution policy. It was an unregistered limited liability company, did not qualify as a regulated investment company for federal income tax purposes, and it did not pay dividends and distributions. As the Fund acquired all of the assets and liabilities of the Predecessor Fund on July 29, 2016 the Fund does not yet have a full calendar year of after tax performance to show. Therefore, after-tax returns for the Fund are not shown, but will be once a full calendar year of performance is available. ** Since June 30, 2013.

After-tax returns were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold shares of the Fund through tax deferred arrangements, such as 401(k) plans or individual retirement accounts. 

INDEX definitions

Barclays Capital 1-3 Year Govt/Credit: The Bloomberg Barclays US Government/Credit Bond Index is a broad-based benchmark that measures the non-securitized component of the US Aggregate Index. It includes investment grade, US dollar-denominated, fixed-rate Treasuries, government-related and corporate securities.

Barclays Capital 1-5 Year Govt/Credit: The Bloomberg Barclays US Government/Credit Bond Index is a broad-based benchmark that measures the non-securitized component of the US Aggregate Index. It includes investment grade, US dollar-denominated, fixed-rate Treasuries, government-related and corporate securities.


Source: Barclays Bloomberg

 

You cannot directly invest in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.


Investment Adviser: Boyd Watterson Asset Management, LLC
 

Portfolio Managers:

Each of Brian A. Convery, Portfolio Manager of the Adviser, David M. Dirk, co-Director of Fixed Income for the Adviser, Michael J. Krushena, Portfolio Manager for the Adviser, and Brian L. Gevry, CEO and Chief Investment Officer of the Adviser, serve the Fund as its Portfolio Manager.

The investment minimums for the Fund are:

 
 

Purchase and Sale of FUnd Shares:

The Fund reserves the right to waive any investment minimum.  You may purchase and redeem shares of the Fund on any day that the New York Stock Exchange is open.  Redemption requests may be made in writing, by telephone, or through a financial intermediary and will be paid by ACH, check or wire transfer.

Tax Information: 

Dividends and capital gain distributions you receive from the Fund, whether you reinvest your distributions in additional Fund shares or receive them in cash, are taxable to you at either ordinary income or capital gains tax rates unless you are investing through a tax-deferred plan such as an IRA or 401(k) plan.  However, these dividend and capital gain distributions may be taxable upon their eventual withdrawal from tax-deferred plans.

Payments to Broker-Dealers and Other Financial intermediaries:

If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services.  These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment.  Ask your salesperson or visit your financial intermediary’s website for more information.