Witherspoon Managed Futures Strategy Fund

Witherspoon allocates approximately 80% to discretionary & global macro managers and sector specialists.

Terms & Conditions

Ticker Symbol & CUSIP CLASS A: CTAAX
CUSIP: 66538A 679
CLASS I: CTAIX
CUSIP: 66538A 687
Minimum Initial &
Subsequent Investment
CLASS A: $2,500 / $500
CLASS I: $1,000,000 / $20,000
Gross/Net Expenses Ratio* CLASS A: 2.10% / 1.99%
CLASS I: 1.85% / 1.74%
Redemption Fee None
Inception date CLASS A: Jan. 18, 2013
CLASS I: Jan. 18, 2013
Income Distribution Annual
Fund type Alternative Investment Fund
  • Balanced portfolio  allocated primarily to  discretionary and tactical  specialists.
  • It is designed with the  potential to generate  positive long-term  absolute returns.
 


Objectives

Consistency

Multi-advisor portfolio seeks to capture returns across the
universe of liquid transparent strategies, and throughout
the spectrum of commodity markets, leading to consistency
and balance in the portfolio returns over time.

Disclosure: There is no assurance that the Fund will achieve its investment
objective. Diversification does not ensure profit or prevent losses.

Balance

Witherspoon seeks the returns available from specialist
CTAs who trade across a range of time frames and
approaches, and who are not widely accessible to investors.


Disclosure: There is no assurance that the Fund will achieve its investment
objective. Diversification does not ensure profit or prevent losses.

Diversification

Witherspoon seeks to capture excess returns from a
portfolio allocation of 80% to tactical and discretionary
approaches with less than 20% to trend-following strategies.

Disclosure: There is no assurance that the Fund will achieve its investment
objective. Diversification does not ensure profit or prevent losses.

Uncorrelated Returns

The Fund attempts to provide investors with a differenti-
ated fund with low correlation of the selected managers in
the portfolio to each other, a potential advantage within
the managed futures mutual fund environment.

Disclosure: There is no assurance that the Fund will achieve its investment
objective. Diversification does not ensure profit or prevent losses.

 


Investors should carefully consider the investment objectives, risks, charges and expenses of the Witherspoon Managed Futures Strategy Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 877-239-4121. The prospectus should be read carefully before investing. The Witherspoon Managed Futures Strategy Fund is distributed by Ceros Financial Services, Inc., member FINRA. Witherspoon Asset Management LLC is not affiliated with Ceros Financial Services, Inc.

Investing in the commodities markets may subject the Fund to greater volatility than investments in traditional securities.  There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. Derivative instruments involve risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments.  In general, the price of a fixed income security falls when interest rates rise. There is a risk that a swap contract may not be assigned without the consent of the counter-party, and may result in losses.

The value of a specific security can be more volatile than the market as a whole and can perform differently from the value of the market as a whole.   Using derivatives  to increase  the  Underlying  Pools’ combined long and short exposure creates  leverage, which can magnify the Underlying Pools’ potential for gain or loss and, therefore, amplify the effects of market volatility on the Underlying Pools’ share price.  Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price.

Short positions may be considered speculative transactions and involve special risks, including greater reliance on the Advisor’s or an underlying portfolio manager’s ability to accurately anticipate the future value of a security or instrument.  Non-diversification risk, as the Funds are more vulnerable to events affecting a single issuer.  The Fund has filed with the National Futures Association, a notice claiming an exclusion from the definition of a “commodity pool operator.”  Recent regulatory changes will no longer allow the Advisor to claim this exclusion.  Compliance with the CFTC requirements will likely increase the costs associated with the Fund.

Certain of the Fund’s investment strategies, including transactions in options and futures contracts, may be subject to the special tax rules, the effect of which may have adverse tax consequences for the Fund.  Underlying Pools are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, the cost of investing in the Fund will be higher than the cost of investing directly in an Underlying Pool.   There is no guarantee that any of the trading strategies used by the managers retained by an Underlying Pool will be profitable or avoid losses.

The Subsidiary will not be registered under the Investment Company Act of 1940 (“1940 Act”) and, unless otherwise noted in the Prospectus, will not be subject to all of the investor protections of the 1940 Act. Due to tax requirements, a significant portion of the Fund’s assets will be invested in short-term interest rate instruments or securities.

 

Definitions:

Commodity Trading Advisor is an individual or firm registered with the National Futures Association who provides individualized advice regarding the buying and selling of futures contracts or options on futures, or certain foreign exchange contracts.

Correlation is a statistical measure of how two investments move in relation to each other. Correlation is measured on a scale of -1 to +1. Investments with a correlation of +0.5 or more tend to rise and fall in value at the same time. Investments with a negative correlation of -0.5 to -1 are more likely to gain or lose value in opposing cycles.

Discretionary trading strategies rely upon decision-based trading, whereby a trader uses experience and judgment to decide which security to trade, whether to buy or sell, and to determine the size and timing of the transaction.

Global Macro is the strategy of investing on a large scale around the world using economic theory to justify the decision making process. The strategy typically is based on forecasts and analysis about interest rates trends, the general flow of funds, political changes, government policies, inter-government relations, and other broad systemic factors.

Sector Specialists are traders who employ a distinctive trading approach or method limited set of related markets (e.g. grains, precious metals, energy, etc.).

Short-Term Traders employ quantitative strategies in which the holding period for a trade ranges between intraday to few weeks.

Trend Followers use strategies that attempt to capture gains through the analysis of a security’s price momentum in a particular direction. A trend follower generally enters into a long position when a security is trending upward (successively higher highs). Conversely, a trend follower generally enters into a short position when the security is in a down trend (successively lower highs).

 

WMF2014-05

 

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'About Us Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Managed Futures Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Our Team Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Our Approach Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'A Better Alternative Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Our Experise Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Advisory Board Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Benefits of Managed Futures Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Performance Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Strategies Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Contact Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Witherspoon Home Page'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Witherspoon News'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Trader News'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Customized Portfolios'.



       

You are now leaving the Witherspoon Funds website
website to enter the Witherspoon Asset Management Website.

You will be taken to 'Liquid Alternative Strategy'.



       

You are now leaving the Witherspoon Funds website to enter the Witherspoon Asset Management website.

You will be taken to 'Willowbride Praxis Fund Performance'.



       

You are now leaving the Witherspoon Funds website to enter the Witherspoon Asset Management website.

You will be taken to 'BEAM Bond & FX Program Performance'.



       

You are now leaving the Witherspoon Funds website to enter the Witherspoon Asset Management website.

You will be taken to 'Fort Global Contrarian Performance'.



       

You are now leaving the Witherspoon Funds website to enter the Witherspoon Asset Management website.

You will be taken to 'Blackwater Capital Management Performance'.



       

You are now leaving the Witherspoon Funds website to enter the Witherspoon Asset Management website.

You will be taken to 'Eagle Trading Systems Global Program'.



       

You are now leaving the Witherspoon Funds website to enter the Witherspoon Asset Management website.

You will be taken to 'Firm Profile'.



       

You are now leaving the Witherspoon Funds website to enter the Witherspoon Asset Management website.

You will be taken to 'CBOE White Paper'.