![]() ![]() We maintain physical, electronic, and procedural safeguards to protect your personal information. When we enter into such a relationship, our contracts restrict the companies' use of our customer information, prohibiting them from sharing or using it for any purposes other than those for which they were hired. We may share that information with companies that perform services for the Fund. We do not sell information about current or former customers to any third parties, and we do not disclose it to third parties unless necessary to process a transaction, service an account, or as otherwise permitted by law. On occasion, such information may come from consumer reporting agencies and those providing services to us. For instance, information may come from applications, requests for forms or literature, and your transactions and account positions with us. You may provide information when communicating or transacting with us in writing, electronically, or by phone. We treat this information as confidential and recognize the importance of protecting access to it. ![]() ![]() In the course of doing business with the Fund, you share personal and financial information with us. If you have any specific questions, I can be reached at truly,īelow are the privacy policies for the Fund for your review. In closing, I thank you for entrusting me with the management and oversight of your Fund. Therefore, risk management will continue to play a prominent role in the Fund's day to day investment management.Īs the Fund's largest shareholder and its new manager since 2 nd quarter of 2013, I would like to assure you that I am working diligently for our mutual benefit and success. Our approach of investment growth through actively managing risk is the centerpiece to our philosophy. Accordingly, your Funds return for its fiscal year ending March 2015 exceeded both measurements.Īs we enter the seventh year of the current bull market that began in March 2009, increasing care in risk management of the Fund remains crucial and I am indeed most focused on it. As an additional comparison, the Fund is categorized by Morningstar service as an alternative equity fund with its assigned category having increased 3.0% during the same period (for further details, please see ). In comparison, S&P 500 index, a broad measure of the equity market, increased 12.7% for the same corresponding period. ![]() Please refer to the proxy statement filed in April 2013 for background details concerning the changes which were subsequently approved by the Fund's Shareholders and its Board of Trustees.įor the Funds fiscal year ending March 2015 and my first full fiscal year in managing the Fund, net asset value (NAV) of the Fund grew 15.5% net of fees from $2.13 to $2.46 per share. Furthermore, the Fund was renamed Newmark Risk-Managed Opportunistic (NEWRX) and its investment objective was changed to target positive investment returns while aiming to minimize capital losses during periods of unfavorable market conditions. Bob Rezaee of Newmark Investment Management. Prasad of Mutual Funds Leader, its previous long time manager, to S. § 3507.Īs you will recall, during the June quarter of 2013, the Fund's day to day management transitioned from Mr. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection and policymaking roles.Ī registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information Registrant's telephone number, including area code: (877) 772-7231įorm N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). Bob Rezaee, 15212 Spillman Ranch Loop, Austin, TX 78738 (Address of principal executive offices) (Zip code) (Exact name of registrant as specified in charter)Ĩ000 Town Centre Drive, Suite 400, Broadview Heights, Ohio 44147 Investment Company Act file number: 811-08993 CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT ![]()
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