Funds
INVESTMENT STRATEGY
The Fund combines four models provided by W.E. Sherman & Co. (The Sherman Sheet) into a single fund in an effort to participate in up trending equity markets and seeking to mitigate risk in down trending equity markets. The Pinnacle Sherman Multi Strategy Core Fund seeks high total return with reasonable risk.
Breakaway Stocks with BOSS
The Breakaway Stocks model is a higher activity model that provides exposure to the top seven ranked stocks in the S&P 500, updated monthly. The top seven ranking is achieved by comparing longer term performance with shorter term performance. The greater the difference, the more a stock is considered to be “breaking away” from the anchoring of its longer-term performance. This ranking is The Sherman Sheet’s exclusive adaptation of moving average distance.
The risk management for this model is comprised of the Bull-Bear Indicator and the BOSS indicator. If both indicators are positive, then the model is invested in the equities mentioned above. If either indicator is negative, then the model is invested in the Calendar Effects model.
Buy/Replace with BOSS
When the BOSS indicator is positive this model will be invested in equities. When invested in equities this model uses relative strength to determine equity exposure to various asset classes. As a risk management tool, when the BOSS indicator is negative then this model will be invested in cash and/or cash equivalents.
STAR Min Max 0-100
The Simple Trend and Rank (STAR) Min/Max is a low-activity model designed for risk-managed outperformance over the long term. The model seeks to be maximally (100%) invested in equities when equities are trending upwards, and minimally (0%) invested in equities when equities are trending downwards. The Quarterly Trend Indicator (QTI) is the risk management tool used for this model.
Long Cash
The Short-Term indicator is the risk management tool used for this model. When the Short-Term indicator is positive then this model is invested in equity asset classes and when the Short-Term indicator is negative then this model is invested in cash and/or cash equivalents.
Fund Overview
| Ticker | IPSHX | APSHX | CPSHX | APSHX |
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 66538G437 | 66538G452 | 66538G445 | 66538G452 |
| Inception Date | 2015-10-01T00:00:00 | 2015-10-01T00:00:00 | 2015-10-01T00:00:00 | 2015-10-01T00:00:00 |
| As of Date | 2022-08-05T00:00:00 | 2022-08-05T00:00:00 | 2022-08-05T00:00:00 | 2022-08-05T00:00:00 |
| Daily NAV | 10.74 | 10.6 | 10.05 | 10.6 |
| NAV Change | 0.02 | 0.02 | 0.02 | 0.02 |
| % NAV Change | 0.19% | 0.19% | 0.20% | 0.19% |
Current Overview
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
| Class I | 2.19% | -2.54% | -5.37% | -13.80% | -10.83% | 7.83% | 3.80% | N/A | 4.97% |
| Class A | 2.22% | -2.57% | -5.53% | -13.96% | -11.08% | 7.55% | 3.53% | N/A | 4.70% |
| Class C | 2.13% | -2.80% | -5.81% | -14.32% | -11.74% | 6.75% | 2.75% | N/A | 3.92% |
| Class A w/Sales Load | -3.64% | -8.15% | -10.92% | -18.90% | -16.22% | 5.44% | 2.30% | N/A | 3.80% |
Quarterly Overview
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
| Class I | -7.33% | -6.00% | -15.81% | -15.81% | -13.89% | 6.04% | 3.73% | N/A | 4.68% |
| Class A | -7.33% | -5.99% | -15.91% | -15.91% | -14.09% | 5.78% | 3.47% | N/A | 4.42% |
| Class C | -7.35% | -6.20% | -16.20% | -16.20% | -14.76% | 4.99% | 2.70% | N/A | 3.64% |
| Class A w/Sales Load | -12.65% | -11.38% | -20.73% | -20.73% | -19.05% | 3.73% | 2.26% | N/A | 3.50% |
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 2.02%, Class C 2.77%, and Class I 1.77%. The net operating expenses are Class A 1.66%, Class C 2.41%, and Class I 1.41%. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until July 31, 2022, to ensure that the net annual fund operating expenses, excluding acquired fund fees and expenses, will not exceed Class A 1.49%, Class C 2.24%, and Class I 1.24%, subject to possible recoupment from the Fund in future years. Please review the Fund’s Prospectus for more detail on the expense waiver.
INVESTMENT STRATEGY
Allocation Based On Proprietary Grading
2
Rigorously Optimized Indicators
3
Fund Overview
| Ticker | IPTRX | APTRX | CPTRX | APTRX |
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 66538R847 | 66538R862 | 66538R854 | 66538R862 |
| Inception Date | 2018-12-03T00:00:00 | 2018-12-03T00:00:00 | 2018-12-03T00:00:00 | 2018-12-03T00:00:00 |
| As of Date | 2022-06-24T00:00:00 | 2022-06-24T00:00:00 | 2022-06-24T00:00:00 | 2022-06-24T00:00:00 |
| Daily NAV | 9.76 | 9.69 | 9.72 | 9.69 |
| NAV Change | 0 | -0.01 | 0 | -0.01 |
| % NAV Change | 0.00% | -0.10% | 0.00% | -0.10% |
Current Overview
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
| Class I | 3.39% | 1.04% | -14.16% | -13.93% | -17.97% | 2.43% | N/A | N/A | 5.54% |
| Class A | 3.30% | 0.94% | -14.32% | -14.02% | -18.20% | 2.21% | N/A | N/A | 5.34% |
| Class C | 3.40% | 1.04% | -14.21% | -13.91% | -18.08% | 2.30% | N/A | N/A | 5.42% |
| Class A w/Sales Load | -2.61% | -4.91% | -19.25% | -18.98% | -22.90% | 0.20% | N/A | N/A | 3.60% |
Quarterly Overview
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
| Class I | -0.52% | -15.96% | -17.07% | -15.96% | -14.09% | 4.11% | N/A | N/A | 5.18% |
| Class A | -0.53% | -15.97% | -17.15% | -15.97% | -14.29% | 3.92% | N/A | N/A | 5.00% |
| Class C | -0.52% | -15.94% | -17.12% | -15.94% | -14.27% | 3.98% | N/A | N/A | 5.06% |
| Class A w/Sales Load | -6.24% | -20.82% | -21.91% | -20.82% | -19.21% | 1.88% | N/A | N/A | 3.15% |
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.
