Today marks the first trading day within the new Quantified Funds. Advised by Advisors Preferred and sub-advised by Flexible Plan, the All-Cap Equity, Alternative Investment, Market Leaders and Managed Bond Funds will replace the four existing, similarly named Evolution Funds by the time the original funds are closed on August 28th.
Initial trades within the Quantified Funds will be within our Strategic Solutions accounts at Trust Company of America. Because all four Quantified Funds will begin with a $10.00 per share NAV, existing account holders will see different share holdings in their accounts as we sell the Evolution Funds holdings and purchase the Quantified Funds, even though the underlying investments will be practically identical (once the assets are fully transitioned, our Evolution Managed Funds webpage will be modified for the new Quantified Funds).
To facilitate the transition, a couple of events are scheduled, the first of which happened last Friday, August 9th, when all four Evolution Managed Funds paid distributions ahead of the closure and liquidation on August 28th. Account holders were paid:
Evolution All-Cap Equity Fund
|0.03914585/share – ordinary income dividend|
|Evolution Alternative Investment Fund||0.30667997/share – ordinary income dividend|
|Evolution Managed Bond Fund||0.01691555/share – ordinary income dividend|
|Evolution Market Leaders Fund||1.42675000/share – short-term capital gain|
Finally, this Friday, August 16th, all Evolution Managed Funds will be closed to additional investments, so our Trading and Client Services Departments will be scrutinizing all new accounts, strategy changes and additional deposits for strategies utilizing the Funds to ensure all such investments are made into the new Quantified Funds.
Special thanks go to George Yang (Portfolio Manager), Rukshan Fernando (Trading Manager), and especially Ken Whitley (Managing Director of Special Projects), for their excellent attention shepherding this important and challenging process along. Client accounts are in very good hands.
An investor should consider the investment objectives, risks, charges and expenses of Quantified Funds before investing. This and other information can be found in the Funds’ prospectus, which can be obtained by calling 1-888-572-8868. The prospectus should be read carefully prior to investing in The Quantified Funds. There is no guarantee that The Quantified Funds will achieve their investment objectives.
The principal risks of investing in The Quantified Funds are Risks of the Sub-advisor’s Investment Strategy, Risks of Aggressive Investment Techniques, Active and Frequent Trading Risk, High Portfolio Turnover and Taxation Risk; Shorting Risk, Counterparty Risk, Risks of Investing in Derivatives, Futures, and Swaps; Risks of Investing in Other Investment Companies, including Exchange Traded Funds; Non-diversification risk, Interest Rate Risk, Foreign Securities Risk, Depository Receipt Risk, Holding Cash Risk, Credit risk, Lower Quality Debt-Securities Risk and Limited History of Operations Risk.
Flexible Plan Investments, Ltd. serves as subadvisor to the Quantified Funds, Distributed by Ceros Financial Services, Inc. Member FINRA. Ceros Financial Services, Inc. and Flexible Plan Investments, Ltd. are not affiliated entities. Advisors Preferred LLC is the Funds’ investment advisor. Advisors Preferred, LLC is a wholly owned subsidiary of Ceros Financial Services, Inc.