(2) Performance for periods less than one year is not annualized.
(3) The maximum sales charge for Class A Shares is 5.00%. Class A Share investors may be eligible for a reduction in sales charges.
(4) Inception date of the Class A & I shares is September 14, 2010 and November 25, 2014 for Class C.
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. The Fund's total annual operating expenses is 2.08% for Class A shares, 2.83% for Class C shares, and 1.83% for Class I shares. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. For performance information current to the most recent month-end, please call toll-free 877-779-7462.
The Power Income Fund is based on a proprietary trading model constructed to move investments from high yield bond funds to cash (money market funds) to attempt to minimize losses during a downturn and maximize gains during upturns. The fund may also attempt to hedge losses by investing in inverse mutual funds or short selling ETFs. Because the portfolio has the ability to nimbly step out of the high yield bond market when a correction seems likely, we believe it has the potential to out-perform most buy and hold bond fund strategies. When you invest your assets in a stable price-per-share money market fund, your liquidity may be enhanced during significant market declines. This could help you reduce losses and provide for the next buying opportunity.
Where to Purchase
The Power Income Fund will be available to purchase through the following:
- Charles Schwab
- Fidelity Investments
- National Financial Services
- TD Ameritrade
For the latest availability call:
1 (800) 642-4276.