The Formula Investing International Value Select Fund ("International Value Select Fund") seeks to achieve long term capital appreciation.
The security selection process begins by analyzing a proprietary database of a universe of securities of non-U.S.-based companies with market capitalization of approximately at least $1 billion and ranking the securities based on a systematic methodology. From this universe, a proprietary strategy is used to construct a portfolio of approximately 75-120 of the highest ranked securities that is weighted based on the assessment of a security's fundamental value, based on factors such as earnings yield and return on capital. The Advisor retains full discretion to add, subtract or revise the factors utilized, weightings and processes applied to construct the portfolio as well as discretion to determine the market capitalization of securities for purchase by the Fund.
An investment in the Fund is subject to value investing risk, which would be the risk that a security believed to be undervalued does not appreciate in value as anticipated. An investment in the Fund is also subject to the following risks: management risk, market risk and portfolio turnover risk. High turnover rates generally result in higher brokerage costs to the Fund and in higher net taxable gain for shareholders, and may reduce the Fund's returns. More information about these risks and other risks can be found in the Fund's prospectus.
|Period Ending 4/30/2013||3 Month||YTD||1 Year||Since Inception- Annualized
( 6/30/2011 )
|FI Intl Value Select Fund||1.83%||4.41%||12.44%||-1.88%|
|MSCI World (ex US)||4.33%||9.47%||17.45%||3.67%|
|Period Ending 3/31/2013||1 Year||Since Inception- Annualized
( 6/30/2011 )
|FI Intl Value Select Fund||6.90%||-3.69%|
|MSCI World (ex US)||10.43%||1.24%|
(6/30/2011 - 12/31/2011)
|FI Intl Value Select Fund||-22.47%||19.30%|
|MSCI World (ex US)||-16.16||16.41%|
The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns would have been lower if certain fees had not been reduced or reimbursed. For performance current to the most recent month-end, please call 877-974-6852.