INNOVA

High Equity Income Innovation Fund

📄 Factsheet 📑 Prospectus 📑 SAI
The performance data quoted 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. For performance information current to the most recent month-end, please call toll-free (888) 484-5766.

What Set's Us Apart

An Innovative Strategy Targeting High Dividend Income, Monthly Distributions, and a Close S&P 500 Tracking Design 


The High Equity Income Innovation Fund endeavors to produce attractive dividend income monthly. The Fund is comprised mostly of companies’ common stocks, and thus may also meet the capital appreciation needs of investors over a full market cycle.

The Fund is designed to have a low tracking error against the S&P 500 and thus may  provide investors with a highly similar risk/reward experience of an S&P 500 weighted portfolio. However, a potentially material difference is the income component. The Fund may make sense for advisors that know their client needs core, S&P 500-type equity exposure and yet have high income as a driver.

The Fund endeavors to produce high dividend income without the use of leverage.

Fund Distribution Frequency

as of June 30, 2022

The Fund’s distribution frequency is monthly. Each month, the Fund distributes the aggregate dividend payments it receives net of fees. The amount of monthly distributions will vary each month and there is no guarantee the Fund will receive dividends each month. Likewise, there is no guarantee the  Fund will pay a distribution each month or at all. The table below shows the date of each monthly distribution payment, the distribution amount, the distribution amount extrapolated over 12 months and the NAV on the distribution date. The 12 months annualized amount is by no means guaranteed and for illustrative purposes only. Because each monthly distribution is different, the table below may be useful to gain perspective on the potential to meet the income needs of investors and the advisors who serve them.


There is no guarantee that this, or any, investing strategy will be successful. There is no guarantee that dividend paying stocks will continue to pay dividends.

Performance

as of June 30, 2022

Gross Expense Ratio 3.43%    Net Expense Ratio 1.57%

There is a contractual expense limitation agreement in place until 4/30/22.
The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling (888) 484-5766.

Top 10 Holdings

as of June 30, 2022

Current and future portfolio holdings are subject to risk. Holdings are subject to change

Sector Allocation

as of June 30, 2022

Disclosures

S&P 500 Index is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.


Dow Jones U.S. Select Dividend Index seeks to represent the top 100 U.S. stocks by dividend yield. The Index is derived from The Dow Jones U.S. Index and generally consists of 100 dividend paying stocks that have 5 year dividend payout ratios of 60 percent or less.


Trailing Twelve Month Yield is Used to analyze mutual fund or exchange-traded fund (ETF) performance, and refers to the percentage of income a portfolio has returned to investors over the last 12 months.


The SEC 30-Day Yield represents net investment income earned by the Fund over a 30-day period ending 3/31/22, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-day period

An investment in the DCM/INNOVA Fund is subject to investment risks, including the possible loss of some or all of the money invested. There can be no assurance that the DCM/INNOVA Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks: market risk, management style risk, sector focus risk, large-cap company risk, small cap & mid cap company risk, foreign securities risk, credit risk, interest rate risk, maturity risk, investment grade securities risk, junk bonds or lower-rated securities risk, derivative instruments risk, valuation risks for non-exchange traded options, risks from writing call options, real estate securities risk, MLP risk, royalty trust risk, value investing risk, risk related to other equity securities and risks related to portfolio turnover. More information about these risks and other risks can be found in the Fund’s prospectus.
An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at the link below or by calling Shareholder Services at 1-888-484-5766. The prospectus should be read carefully before investing.

The performance data quoted 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. For performance information current to the most recent month-end, please call toll-free (888) 484-5766.

Distributor: Ultimus Fund Distributors, LLC.
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