The 13D Activist Fund (DDDIX), the only mutual fund that offers exposure to shareholder activism as its primary investment strategy, crossed the two-year mark with substantial growth in assets as investors sought to invest alongside leading activists. The Fund turned in second-year performance of 36.58% after fees and expenses that beat the S&P 500 by 4.19% while increasing assets by more than twenty times to $151.71 million as of December 31, 2013.

The 13D Activist Fund is an event driven mutual fund that focuses on and analyzes activist 13D filings for investment opportunities. The 13D Activist Fund was founded by Ken Squire, who has operated the premier research service on shareholder activism since 2006. Portfolio Manager Ken Squire talks about the growth of the fund, its strategy, approach and process and the activist outlook for 2014. Click here for full interview.

     
   

Performance Through 12/31/13

    

Average Annual Return

    Inception

Since Inception

One Year Through

(annualized)

Through 12/31/13
Fund Name   One Year  

 

    12/28/13   (annualized)
13D Activist

36.58%

28.57%

36.79%

28.57%

Fund Class I  

 

 

 

   

 

 

 

S&P 500 TR   32.39%   24.21%     32.64%   24.21%
 

Inception date of the fund is December 28, 2011. The maximum sales charge for Class A Shares is 5.75%. Class A Share investors may be eligible for a reduction in sales charges. The total annual fund operating expense ratio is 1.75% for Class A, 1.50 % for Class I and 2.50% for Class C. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month end, please call toll-free 1-877-413-3228. The S&P 500® is regarded as a gauge of large cap U.S. equities. It is not possible to invest in an index, unmanaged index returns do not reflect any fees, expenses or sales charges.

This material must be preceded or accompanied by a prospectus [click here]. Please read it carefully before investing.

Overall stock market risks will affect the value of individual instruments in which the Fund invests. Factors such as economic growth, market conditions, interest rate levels, and political events affect the U.S. securities markets. When the value of the Fund's investments goes down, your investment in the Fund decreases in value and you could lose money. The Fund is a non-diversified investment company, which makes the value of the Fund's shares more susceptible to certain risks than shares of a diversified investment company. The Fund has a greater potential to realize losses upon the occurrence of adverse events affecting a particular issuer. The value of small or medium capitalization company stocks may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general.

Distributed by Alps Distributors, Inc.

for 13D Activist Fund
Jody Lowe, 414.322.9311
Clare Bergquist, 414.614.1583
Ken Squire, 212.223.2282