Panoramic Mutual Funds


Alternatives Fund

Fund Ticker




Initial Minimum Investment


Gross Expense Ratio 1


Net Expense Ratio 1


¹ The gross and net expense ratio as of most recent prospectus. Waivers are contractual. Please see important disclosure below.


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.


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

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.

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