WCM ALTERNATIVES: EVENT-DRIVEN FUND
Attractive, risk-adjusted returns with minimal volatility in virtually all market environments
Daily NAV as of 8/14/2020
|Inception Date||Ticker||CUSIP||NAV||Change ($)||YTD Return (%)|
Investment ObjectiveThe Fund seeks to provide attractive risk-adjusted returns with minimal volatility in virtually all market environments. Risk-adjusted return is a concept that considers not only an investment's return, but also the potential risk involved in producing that return.
Investment StrategyThe Fund typically attempts to generate profits by capturing price movements generated by specific events. This may include investing in companies that are involved in publicly announced mergers, acquisitions, asset sales or other divestitures, restructurings, re-financings, recapitalizations, reorganizations or other special situations. By investing based on event-driven criteria, the Fund seeks to benefit from the successful conclusion of a specific event, rather than on the performance of the overall market.
|At a Glance|
|Inception Date:||January 2, 2014||March 22, 2017|
|Net Expenses:(1), (2)||2.13%||2.38%|
|Total Operating Expense:(2)||2.17%||2.42%|
|Total Fund Assets as of 6/30/2020:||$216.3M||$216.3 M|
|Total Strategy Assets as of 6/30/2020:||$351.8 M||$351.8 M|
(1)As of prospectus dated April 29, 2020.
(2)Expense ratios are as of the Prospectus dated April 29, 2020. The total annual operating expense ratios of the Fund’s Institutional Class shares and Investor Class shares are 2.17% and 2.42% respectively. Total Net Annual Operating Expenses of the Fund’s Institutional Class and Investor Class shares were 2.13% and 2.38%, respectively, and were applicable to investors. The Adviser has contractually agreed to waive its investment advisory fee and to reimburse the Fund for other ordinary operating expenses to the extent necessary to limit ordinary operating expenses (not including brokerage commissions, short dividends, interest expense, taxes, acquired fund fees and expenses or extraordinary expenses) to an amount not to exceed 1.57% and 1.82% for Institutional Class shares and Investor Class shares respectively. This expense limitation will apply until April 30, 2021, unless it is terminated by the Board of Trustees at an earlier time. Acquired Fund Fees and Expenses and Interest and Dividend Expense on securities Sold Short were 0.10% and 0.46% respectively.