Funds

The Fund utilizes technology from Trendrating in an attempt to benefit from stocks in a positive trend. The Pinnacle Trendrating Innovative Equity Fund seeks high total return.

The stock universe consists of the largest 500 US Domiciled stocks. Using Trendrating’s trend capture analytics, the universe is ranked by momentum and up to the highest ranked 25 stocks are added to the fund. Changes are made monthly, in an attempt to keep the strongest trending stocks in the fund.

The dispersion of performance across stocks provides the opportunity to achieve superior returns if one has state-of-art tools to capture more effectively priced trends. Intelligent trend analytics can complement fundamental driven strategies supporting a better synchronization with key trends, potentially providing improved returns and lower risks. Trendrating is a global leader in cutting edge “trend capture” technology which is used by the world’s leading asset managers and financial advisors. Trendrating makes a very complex task simple and easy, producing measurable results.

Trendrating’s proprietary model is focused on a high consistency of returns so that the mean return is representative of the distribution of returns. Rankings are determined based on weighting 8 oscillators to determine a grade of either A, B, C, or D. Smart Momentum measures price breadth and momentum since the beginning of a trend, working as the tie-breaker for equally graded securities. By combining the 8 oscillators into a master model, accuracy of identifying trends increased from 58-62% to 65% when in sync and the final result ranging between 71%-83% after self-adjusting to factor volatility.

A – Bull Trend Confirmed
B – Bull Trend Initiated
C – Bear Trend Initiated
D – Bear Trend Confirmed

The Trendrating Smart Momentum Score is a composite of 8 technical indicators. Trendrating studied 353 indicators and applied them to an in-sample data base of 23 years of adjusted daily OHLCV, consisting of 14,500 instruments from 6 asset classes across 52 countries. Trendrating then identified 8 indicators deemed statistically significant according to the in-sample data. The model self adjusts the calibration of each indicator on the last trading day of each month.

Past Performance does not guarantee future results. 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. For performance information current to the most recent month end, please call toll-free 1-888-985-9830.

The maximum sales charge for Class A Shares is 5.75%. Class A Share investors may be eligible for a reduction in sales charges. The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements, are Class A 1.91%, Class C 2.66%, and Class I 1.66%. The net operating expenses are Class A 1.24%, Class C 1.99%, and Class I 0.99%. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until July 31, 2019, to insure that the net annual fund operating expenses, excluding acquired fund fees and expenses, will not exceed Class A 1.24%, Class C 1.99%, and Class I 0.99%, subject to possible recoupment from the Fund in future years. Please review the Fund’s Prospectus for more detail on the expense waiver.