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 (%)
3/22/2017 WCERX 95737C202 $10.54 $0.01 -3.92%
1/2/2014 WCEIX 95737C103 $10.59 $0.01 -3.81%
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original costs. Current performance may be lower or higher than the performance quoted. The performance shown above for the WCM Alternatives - Event Driven Fund Investor Class Shares for periods prior to March 22, 2017 represents the performance for the original share class of the Fund, the Institutional Shares. The Institutional Shares were first offered on January 2, 2014, while the Investor Class Shares were first offered on March 22, 2017. Annual returns would differ only to the extent that Investor Class shares do not have the same expenses as Institutional Class Shares.

Investment Objective

The 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 Strategy

The 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
  WCEIX WCERX
Inception Date: January 2, 2014 March 22, 2017
Investment Minimum: $1.0M $2,000
Ticker: WCEIX WCERX
CUSIP: 95737C103 95737C202
Management Fee:(1) 1.25% 1.25%
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.