Hatteras Disciplined Opportunity Fund
- Systematic Investment Approach
An options-based strategy designed to provide equity market exposure while mitigating volatility
- Designed to Limit Drawdowns
Engineered to potentially limit losses during down market cycles
- Fund Assets: $34M
- Inception Date: 12/31/2013
Acertus Capital Management specializes in delivering consistent, predictable returns by systematically investing in a series of tranches, with a predefined, formulaic risk and return pattern. Each tranche is a combination of ETFs and/or traded options mathematically engineered with its own unique return pattern and investment period — to define the range of upside returns and downside losses.
|As of May 31, 2017||Ticker||Month %||YTD %||1 Yr %||3 Yr %||5 Yr %||10 Yr %||Since Inception %|
|HFRX Equity Hedge Index||-||-||-||-||-||-||-||-|
|S&P 500 TR Index||-||1.41||8.66||17.47||10.14||-||-||10.40|
|As of March 31, 2017||Ticker||Quarter %||YTD %||1 Yr %||3 Yr %||5 Yr %||10 Yr %||Since Inception %|
|HFRX Equity Hedge Index||-||2.70||2.70||5.90||0.19||-||-||0.56|
|S&P 500 TR Index||-||6.07||6.07||17.17||10.37||-||-||10.14|
Performance data quoted represents past performance; past performance does not guarantee future results. Net Fund Operating Expenses borne by the investor and paid each year as a percentage of the investment’s value, are contractually capped at 1.75% for HDOIX through at least July 31, 2017, excluding dividends on short positions and interest on borrowing, as well as other extraordinary expenses. Total Annual Fund Operating Expenses are 2.37% for HDOIX. The 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 their original cost. Current performance of the Fund may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end please call 877.569.2382 or visit hatterasfunds.com. The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses.
Portfolio composition is subject to change at any time. Class I Shares require a $1MM minimum investment.
Diversification does not assure a profit or protect against a loss in a declining market. The Fund seeks to achieve its investment objective principally by buying call options on the S&P 500 Index in an attempt to create broad market exposure, and buying and writing (selling) additional call and put options on the index in an attempt to enhance market returns and reduce market losses.
The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The summary prospectus and prospectus contain this and other important information about the investment company, and may be obtained by calling 877.569.2382 or visiting hatterasfunds.com. Read it carefully before investing.
Investors should consider the following risk factors and special considerations associated with investing in the Hatteras Disciplined Opportunity Fund. Derivatives involve investment exposure that may exceed the original cost and a small investment in derivatives could have a large potential impact on the performance of the Fund. The Fund may invest in options. Options transactions may be effected on securities exchanges or in the OTC market. When options are purchased over-the-counter, the Fund bears the risk that the counter-party that wrote the option will be unable or unwilling to perform its obligations under the option contract. The Fund may engage in Short Sale/Put and Call Options which entail substantial risks. Also, options transactions involve special risks that may make it difficult or impossible to unwind a position when the Fund desires. Short-sale strategies are riskier than long investment strategies. The Fund could incur potentially unlimited losses. If the value of a security sold short increases, the Fund will incur a loss because it will have to purchase the security at a higher price. As part of the Fund’s principal investment strategies, the Fund may invest in other investment companies, such as exchange-traded funds (“ETFs”) to gain long exposure to the companies in the S&P 500 Index. The Fund is a recently-formed entity with limited or no operating history. The Fund’s success will depend on the management of the Sub-Adviser and on the skill and acumen of the Sub-Advisor’s personnel. The Fund is considered non-diversified and may invest in the securities of fewer issuers than diversified funds at any one time; as a result, the gains and losses of a single security may have a greater impact on the Fund’s share price. Mutual fund investing involves risk; loss of principal is possible. Please consult an investment professional for advice regarding your particular circumstances. An investment in the Funds may not be suitable for all investors.
The above risks do not purport to be a full or complete list of the risks associated with an investment in the Fund. Please see the prospectus for the Fund’s risks, expenses and disclosures;
Mutual fund investing involves risk; loss of principal is possible. Please consult an investment professional for advice regarding your particular circumstances.
An investment in the Fund may not be suitable for all investors. The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.