ALPHARETTA, Ga., Might 10, 2021 /PRNewswire/ — Adaptive Investments has obtained SEC approval to maneuver ahead with one of many first conversions of an open ended mutual fund, to an alternate traded fund (ETF.). The Adaptive Development Alternatives Fund, CATEX, will alternate to the ETF construction after shut of enterprise on Might seventh. The Fund will commerce underneath the brand new ticker, AGOX, starting Might tenth.
The Fund possesses Morningstar’s 5-Star rating over 3 years, 5 years and total. https://www.morningstar.com/funds/xnas/catex/quote
Morningstar Scores as of 3/31/2021
Morningstar Tactical Class
Prime 2% over 5 years out of 192 funds
Prime 6% over 3 years out of 218 funds
The Morningstar rankings and star scores introduced are based mostly on returns which are web of charges or bills that had been assumed by the Advisor. This association had a cloth constructive impact on the whole return for the intervals introduced. 5 Star Scores from Morningstar characterize Funds that carry out within the high 10% of the Class, for the respective time interval.
Previous efficiency doesn’t assure future outcomes. Funding return and principal worth will fluctuate in order that an investor’s shares, when redeemed, could also be value roughly than their authentic price. Present efficiency could also be decrease or larger than the efficiency knowledge quoted. To acquire efficiency data present to the latest month-end, please name 888-721-4588 or go to www.adaptivefds.com
Gregory Rutherford, President & CEO
“We’re excited in regards to the conversion of this excellent mutual fund to an ETF. It turns into extra obvious every day, that ETFs have gotten the funding automobile of alternative. From transparency, skill to commerce intraday, and enhanced buying and selling economics, are all compelling causes for the rise of ETF reputation. With the flexibility to manage the funding administration course of, together with the timing of commerce execution, and the deferral of taxable positive factors, we really feel it is an enhanced resolution to the mutual fund or individually managed mannequin counterpart (SMA).”
About Adaptive Investments: https://www.adaptiveinv.com/
Cavalier Investments, LLC, d/b/a Adaptive Investments, is a Registered Funding Advisor. Adaptive Investments is the advsior to a set of mutual funds and alternate traded funds. Adaptive product options are designed to seize related returns in up markets and supply threat mitigation in down markets. Adaptive Investments additionally delivers SMART Portfolios and RISKHedge Portfolios and three(38) retirement plan providers.
The knowledge offered herein is for data functions solely and doesn’t represent monetary, funding, tax or authorized recommendation. Earlier than buying any portfolio holding, buyers ought to overview the Fund’s prospectus rigorously.
Buyers ought to think about the funding goal, administration charges, dangers, prices and bills of the Fund rigorously earlier than investing or sending cash. The Prospectus and Abstract Prospectus accommodates this and different details about the Fund. For a present Prospectus and/or Abstract Prospectus, name 888-721-4588, go to us at www.adaptivefds.com or electronic mail us at [email protected]. Please learn the Prospectus and/or Abstract Prospectus rigorously earlier than you make investments. Present and future holdings are topic to vary and threat.
An funding within the Adaptive Development Alternatives ETF is topic to funding dangers, together with the doable lack of some or your entire principal quantity invested. There will be no assurance that the Adaptive Development Alternatives ETF can be profitable in assembly its funding goal. Funding within the Adaptive Development Alternatives ETF can also be topic to the next dangers: Widespread Inventory Danger, Management of Portfolio Funds Danger, Fairness Securities Danger, Mounted Earnings Danger, ETF Investing Danger, Fund Investing Danger, Money and Money Equivalents Danger, International Securities and Rising Markets Danger, Funding Advisor Danger, Administration Danger, Giant-Cap Securities Danger, Market Danger, Portfolio Turnover Danger, Quantitative Mannequin Danger, Small-Cap and Mid-Cap Securities Danger, Cybersecurity Danger, COVID-19 Danger, Approved Participant Danger, ETF Construction Dangers, and Early Shut/Buying and selling Halt Danger. The Adaptive Development Alternatives Fund could spend money on international securities and rising markets, and these investments have dangers that differ considerably from these related to home securities. Extra data on these dangers will be discovered within the Adaptive Development Alternatives Fund’s prospectus.
The Adaptive Funds are distributed by Capital Funding Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Highway, Suite 200, Raleigh, NC 27609, (800) 773-3863. There is no such thing as a affiliation between Adaptive Investments, the Funding Advisor to the Fund, and Capital Funding Group, Inc.
SOURCE Adaptive Investments