Select Media Highlights for the Validea Market Legends ETF (VALX)
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The fund's investment objectives, risks, charges and expenses must be considered carefully before
investing. The prospectus and summary prospectus contains this and other important information about the investment
company, or a free, hard-copy may be obtained by calling 1-800-730-3457. Read it carefully
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of
an investment 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.
Please click here for standardized performance.
Performance data current to the most recent month-end may be obtained by calling 800-730-3457.
Investing involves risk. Principal loss is possible.
The Validea Market Legends Fund has the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited and often commissions are charged on each trade,
and ETFs may trade at a premium or discount to their net asset value. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore,
the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in foreign and emerging markets securities which involve political, economic and currency risks, greater volatility and
differences in accounting methods. The Fund invests in smaller companies, which involve additional risks
such as limited liquidity and greater volatility. The Adviser relies heavily on proprietary quantitative models as well as information and data supplied by third parties. When Models and Data prove to be incorrect
or incomplete, any decisions made in reliance thereon expose the Fund to potential risks.
Opinions are subject to change at any time, are not guaranteed and should not be considered investment advice. Any tax or legal information provided isn't an exhaustive interpretation of some of the current
income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give
legal or tax advice.
Active share can be defined as the measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index. The measure offers an intuitive way to answer the question: "How active is your portfolio manager?"
Active share is measured on a scale from 0% to 100%. Index funds have less than 20% active share as they closely mirror their benchmarks with no appreciable difference in holdings. A fund with an active share above 80% is considered to be highly actively managed.
The Russell 2000 index measures the performance of the small-cap segment of the U.S. equity universe, while the S&P 500 is considered the index most widely followed by investors and is comprised of the 500 largest companies that trade on US exchanges.
The price-to-earnings ratio, or "P/E" ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share.
The price-to-sales, or "P/S" ratio, is an equity valuation multiple. It is defined as market price per share divided by annual sales of a company on a per share basis.
Cash flow is the net amount of cash and cash-equivalents moving into and out of a business over a period of time such as a year or quarter.
A basis point (quoted as bps) is a unit equal to one hundredth of a percentage point. As an example, 100 basis points is also equal to 1.00%.
In the press mention above, "Investing With the Greats", dated Dec. 23rd, 2015 the Yield in the article is the 30 day SEC yield as of Dec. 11th, 2015. The 30 day SEC
yield is based on a 30-day period ending on the last day of the previous month. It is computed by dividing the net investment income per share earned during the period
by the maximum offering price per share on the last day of the period.
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security. The SEC does not endorse, indemnify, approve, nor disapprove of any security.
Diversification does not assure a profit or protect against a loss in a declining market. Click here for fund holdings information.
The Validea Funds are offered only to United States residents, and
information on this site is intended only for such persons. Nothing on this web site should
be considered a solicitation to buy or an offer to sell shares of any Fund in any
jurisdiction where the offer or solicitation would be unlawful under the securities laws of
Validea Capital Management is the Advisor to the Validea Market Legends ETF which is distributed by Quasar Distributors, LLC.
References to other funds should not be interpreted as an offer of these securities.