SYMMETRY PANORAMIC
Alternatives Fund
Fund Ticker
SPATX
CUSIP
Initial Minimum Investment
$1,000
Gross Expense Ratio 1
4.24%
Net Expense Ratio 1
2.05%
¹ The gross and net expense ratio as of most recent prospectus. Waivers are contractual. Please see important disclosure below.
Highlights
Investment Objective
The Fund seeks positive long-term absolute returns.
Investment Strategy
The Fund is a diversified multi-strategy fund that seeks to achieve its investment objective primarily by implementing alternative factor styles in a largely beta-neutral capacity that the Fund’s investment adviser, Symmetry Partners, LLC, believes have the potential to produce attractive returns over time.
Benchmark
HFRI Fund of Funds Conservative
Types of Investments
Under normal circumstances, the Fund pursues its investment strategy by investing at least 80% of its net assets in alternative investment strategies that target illiquidity premia from various event-driven and convergence, or arbitrage, trades, as well as factor premia from long-short strategies across multiple asset classes. The Fund will invest in in shares of registered, open-end investment companies and exchange-traded funds (“ETFs”) that provide exposure to a wide array of such alternative investment strategies.
Investor Profile
Typical investors in this fund seek attractive risk-adjusted returns across various market environments, lower volatility and downside potential compared to stocks, and diversification to a traditional portfolio of stocks and bonds.
Investment Providers
Performance data quoted represents past performance and does not guarantee similar future results. The investment performance and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower of higher than the performance quoted. For performance data current to the most recent month end, please call 1-844-796-3863.
Performance shown for periods of less than one year are cumulative. Periods of one year and greater are annualized and as of the prior month end date.
Get to know our key personnel
Portfolio Managers
The fund’s adviser has contractually agreed to waive its management fee until at least December 31, 2024 so that the aggregate management fee retained by the Adviser with respect to the fund after payment of sub-advisory fees does not exceed 0.30% of the Fund’s average net assets. The Adviser also has contractually agreed to reduce the Fund’s fees and/or absorb expenses of the Fund until at least December 31, 2024 to ensure that total annual Fund operating expenses after expense waiver and reimbursement (exclusive of any front-end or contingent deferred loads; brokerage fees and commissions; acquired fund fees and expenses; borrowing costs (such as interest and dividend expense on securities sold short); taxes; and extraordinary expenses such as litigation expenses) will not exceed 0.50% of average daily net assets of the Fund. This agreement may be terminated by the Fund’s Board of Trustees on 60 days’ written notice to the Adviser. This fee waiver/expense reimbursement is subject to possible recoupment from the Fund in future years on a rolling three year basis (within the three years after the fees have been waived or reimbursed) if such recoupment can be achieved without exceeding the foregoing expense limits.