Emerging Markets Equity Fund (RVEMX)

OVERVIEW

Objective


The RVX Emerging Markets Equity Fund (RVEMX) seeks to achieve long-term capital appreciation through investments in equity securities of emerging market companies by utilizing a concentrated, low turnover, fundamental bottom-up, relative value approach.

Strategy


Sub-advised by RVX Asset Management, RVEMX provides access to an experienced team that has been managing emerging market equity portfolios since 1996 for institutional clients globally.

RVX Asset Management launched the Emerging Markets Equity strategy when the portfolio management team joined the firm at the end of 2015. Previously, the team managed a similar strategy at Mercator Asset Management for institutional clients. Unlike most Emerging Market Equity Funds, RVX executes trades and holds securities in local market currencies whenever practical.

Portfolio Management


Contact


Patrick Mullin, CFA

Managing Director

Tel: 781-875-3185
patrick@cppinvest.com

PORTFOLIO

Top Holdings

As of 9/30/2018



Country Exposure

As of 9/30/2018



Fund Information

As of 9/30/2018

PERFORMANCE

Performance

As of 11/30/2018

DOCUMENTS

Documents


Fact Sheet

Prospectus

SAI

Request Information



Investors should carefully consider the investment objectives, risks, charges and expenses of the RVX Emerging Markets Equity Fund. This is contained in the prospectus, which can be obtained by calling 1-877-244-6235. The prospectus should be read carefully before investing. The RVX Emerging Markets Equity Fund is distributed by Matrix 360 Distributors, LLC, 4300 Shawnee Mission Parkway, Fairway, KS 66205.

The Fund has a limited history of operation. The Fund’s indirect use of derivative instruments involves risks different from or possibly greater than, the risks associated with investing directly in securities including leverage risk, counterparty default risk and tracking risk. Options are subject to sudden price movements and are highly leveraged. The buyer of an option risks losing the entire purchase price of the option. The writer, or seller, of an option risks losing the difference between the purchase price received for the option and the price of the futures contract, forward contract or commodity underlying the option that the writer must purchase or deliver upon exercise of the option. There is no limit on the potential loss. The Fund will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased. Short positions may be considered speculative transactions and involve special risks. The Fund’s losses are potentially unlimited in a short position transaction. Investments in foreign securities carry special risks, including foreign political instability, greater volatility, less liquidity, financial reporting inconsistencies, and adverse economic developments abroad, all of which may reduce the value of foreign securities. Many of these risks can be even greater when investing in countries with developing economies and securities markets, also known as “emerging markets.” Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. The Fund is subject to currency risk because fluctuations in the exchange rates between the U.S. Dollar and foreign currencies may negatively affect the value of the Fund’s investments denominated in foreign securities. Smaller capitalization companies may have a narrower geographic and product/service focus and be less well known to the investment community, resulting in more volatile share prices and a lack of market liquidity. The risk that the mid-cap companies in which the Fund may invest may be more vulnerable to adverse business or economic events than larger, more established companies. Mid-sized companies may pose additional risks, including liquidity risk, because these companies tend to have limited product lines, markets and financial resources, and may depend upon a relatively small management group. The Fund’s debt investments are subject to interest rate risk. The main risk of investing in other investment companies, including exchange-traded funds (“ETFs”), is the risk that the value of the securities underlying an investment company might decrease. Because a fund may invest in other investment companies, you will pay a proportionate share of the expenses of that other investment company in addition to the expenses of the fund. Investment in an exchange traded fund (ETF) carries security specific risk and the market risk. The value of the Fund’s REIT securities may be adversely affected by changes in the value of the REIT’s underlying property or the property secured by mortgages the REIT holds, or loss of REIT status. In addition, the Fund may experience a decline in its income from REIT securities due to falling interest rates or decreasing dividend payments.

There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.