Annualized Performance Returns
Average Annual Returns Summary
Institutional Class (GLDPX)
Fund Performance as of August 31, 2021
|MTD||YTD||1 Year||SI (7/1/19)|
|S&P 500 Index||3.0%||21.6%||31.2%||24.1%|
Performance results for periods of less than a year are not annualized.
Fund Performance Since Strategy Change as of August 31, 2021
|MTD||YTD||1 Year||SI (9/8/20)|
|RG Aurum+ Strategy||0.8%||-0.8%||—||3.8%|
|SPDR Gold Shares Trust||-0.3%||-5.1%||—||-6.6%|
|S&P 500 Index||3.0%||21.6%||—||37.7%|
Quarterly Performance as of June 30, 2021
|QTD||YTD||1 Year||3 Years||SI (7/1/19)|
|S&P 500 Index||2.4%||18.0%||36.4%||—||23.4%|
Quarterly Fund Performance Since Strategy Change as of June 30, 2021
|QTD||YTD||1 Year||3 Years||SI (9/8/20)|
|RG Aurum+ Strategy||0.5%||-1.5%||—||—||3.0%|
|SPDR Gold Shares Trust||2.5%||-4.8%||—||—||-6.3%|
|S&P 500 Index||2.4%||18.0%||—||—||33.7%|
Performance shown is historical and does not guarantee future results. Current performance may be lower or higher than the performance presented herein or quoted. Because the share price, investment returns, and principal value will vary, when redeemed, you may have a gain or loss. Performance results current to the most recent month-end may be obtained by accessing the Performance section of the Ranger Funds’ website at www.rangerfunds.com or by calling (214) 871-5210.
Gross Expense Ratio: 3.12% (Institutional); Net Expense Ratio: 2.20% (institutional). Gross Expense Ratio is the total annual operating expense ratio from the most recent prospectus and is based on amounts incurred during the most recent fiscal year. The Net Expense Ratio is an annualized figure which equals the gross expense ratio minus: acquired fund fees; distributions or service (12b-1) fees, and/or; waivers or expense reimbursements made to the Fund by the investment manager pursuant to an expense limitation agreement which is subject to expiration or renewal on November 30, 2021.
There is no guarantee the RG Aurum+ Fund (the “Fund”) will achieve its investment objectives.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is available in the Fund’s Prospectus and statement of additional information (“SAI”), copies of which may be obtained on-line at www. rangerfunds.com, by e-mailing email@example.com, or by calling (866) 458-4744. Prospective investors are strongly encouraged to read the Prospectus and SAI carefully before investing.
An investment in the RG Aurum+ Fund is subject to a variety of risks, including the possible loss of investment capital. Additional risks associated with the RG Aurum+ Fund include, but are not limited to:
Futures Risk: The Fund’s use of futures involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Investments in futures involve leverage, which means a small percentage of assets invested in futures can have a disproportionately large impact on the Fund.
Geographic Concentration Risk: The Fund may be particularly susceptible to economic, political, regulatory or other events or conditions affecting countries within the specific geographic regions in which the Fund invests.
Liquidity Risk: 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, or possibly requiring the Fund to dispose of other investments at unfavorable times or prices in order to satisfy its obligations.
Leverage Risk: The value of your investment may be more volatile if the Fund borrows or uses instruments, such as derivatives, that have a leveraging effect on the Fund’s portfolio. Equity Market Risk: Equity markets can be volatile and the prices of common stocks can fluctuate significantly.
Derivatives Risk: The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments.
Foreign Investment Risk: Foreign investing involves risks not typically associated with U.S. investments, including adverse fluctuations in foreign currency values, adverse political, social and economic developments, less liquidity, greater volatility, less developed or less efficient trading markets, political instability and differing auditing and legal standards.
Portfolio Turnover Risk: The frequency of the Fund’s transactions will vary from year to year. Higher costs associated with increased portfolio turnover may offset gains in a Fund’s performance.
Cryptocurrency Risk: Cryptocurrency (notably, Bitcoin), often referred to as “virtual currency” or “digital currency,” operates as a decentralized, peer-to-peer financial exchange and value storage that is used like money. The Fund may have exposure to Bitcoin,
a cryptocurrency, indirectly through an investment in an investment vehicle. Cryptocurrencies operate without central authority or banks and
is not back by any government.
Concentration in Precious Metals Industry: The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of industries. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the gold industry. Fluctuations in the price of gold or other precious metals often dramatically affect the profitability of companies in the precious metals industry.
ETF Risk: ETFs are subject to investment advisory fees and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. ETFs are listed on national stock exchanges and are traded like stocks listed on an exchange.
Model and Data Risk: Given the complexity of the investments and strategies of the Fund, the adviser relies heavily on quantitative models and information and data both proprietary as well as supplied by third parties (“Models and Data”). Models and Data are used to rank equities, provide risk management insights, and to assist in managing the Fund’s investments.
A number of other risks are associated with an investment in the Fund, including: issuer specific risks and risks associated with the Investment Manager’s judgment. GREATER DETAIL ON EACH OF THE ABOVE STATED RISKS MAY BE FOUND IN THE FUND’S PROSPECTUS.
Indices are presented for illustration purposes only. The Indexes are not actively managed nor can you invest in an Index. The holdings of the Fund differ significantly from the securities represented in an Index. Accordingly, comparing or contrasting the results of the Fund to the results of an Index may be of limited use.
The Fund is distributed by Arbor Court Capital, LLC, Member FINRA and SIPC.
THE RG AURUM+ FUND IS NOT FDIC INSURED AND HAS NO BANK GUARANTEE