Small Cap Value Fund
investment objective
The fund’s objective is to seek long-term capital appreciation.
investment Strategy
The Small Cap Value Fund employs a quantitatively driven, factor-based investment strategy. Particularly, the Advisor selects, from the U.S. publicly traded stock universe, securities that Acclivity Investment Research considers to be small capitalization value stocks. The two requirements for companies to be considered as small capitalization value stocks are: (i) be in the lowest 8% of U.S. aggregate market capitalization; and (ii) exhibit a low market value relative to its book value. Within the defined universe, the strategy aims to systematically exploit select academically proven and empirically tested sources of higher expected returns in the market. The factor premia targeted by the strategy include: market, size, value, profitability, investment, and momentum.
for illustrative purposes only
There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses
Fund facts
Class n
class i
ticker
axvnx
axvix
cusip
66538F355
66538F363
inception
12/31/2018
12/31/2018
minimum*
$5,000
$20,000
gross expense ratio
1.27%
1.04%
net expense ratio
0.73%
0.48%
Pursuant to an operating expense limitation agreement between Innealta Capital, LLC (the “Adviser”) and the Small Cap Value Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Small Cap Value Fund to ensure that Total Annual Fund Operating Expenses (excluding any brokerage fees and commissions, acquired fund fees and expenses, borrowing costs (such as interest and dividend expense on securities sold short), taxes and extraordinary expenses such as litigation) for the Small Cap Value Fund do not exceed 0.73% or 0.48% of the Small Cap Value Fund’s average net assets, for Class N or Class I shares, respectively, through April 30, 2025. The net expense ratio is contractual. This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees. The Adviser is permitted to receive reimbursement from the Funds for fees it waived and Fund expenses it paid, subject to the limitation that: (1) the reimbursement for fees and expenses will be made only if payable within three years from the date the fees and expenses were initially waived or reimbursed; and (2) the reimbursement may not be made if it would cause the expense limitation in effect at the time of the waiver or currently in effect, whichever is lower, to be exceeded.
*Innealta Capital maintains distribution agreements with selected platforms where minimums may be waived for some clients in certain share classes. Please contact us for more details.
DISCLOSURES & IMPORTANT INFORMATION
Innealta Capital, LLC is an Investment Adviser, registered with the Securities & Exchange Commission. For more information, please visit our website: www.acclivityresearch.com.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Innealta Funds. This and other important information about the Funds is contained in the prospectus, which can be obtained by calling 855.873.3837. The prospectus should be read carefully before investing.
The Innealta Funds are distributed by Northern Lights Distributors, LLC a FINRA/SIPC member. Innealta Capital, LLC is not affiliated with Northern Lights Distributors, LLC.
IMPORTANT RISK INFORMATION
Mutual Funds involve risk including the possible loss of principal.
The Small Cap Value Fund invests in the stocks of small-capitalization companies. The earnings and prospects of these companies are more volatile than larger companies. Small-sized companies may experience higher failure rates than do larger companies. Other possible risks to the Fund include those related to general risk, Equity Securities Risk, Equity Securities Risk, Small-Sized Company Risk, Value Investing Risk, Limited Operating History Risk, Management Risk, Derivatives Risk, Futures Risk, and Securities Lending Risk. Please review the prospectus carefully for additional details.
Shares of the Innealta Capital Funds are currently offered only in the United States to U.S. investors and are not available for sale in any jurisdiction other than the United States. The information on this Web site should not be considered a solicitation to buy or an offer to sell shares of the Innealta Capital Funds in any jurisdiction where it would be unlawful under the securities law of that jurisdiction.
ADDITIONAL INFORMATION
Advisory Services are offered through Innealta Capital, LLC, an Investment Adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. No federal or state agency or regulatory or self-regulatory authority has approved the information contained in this website, and any representation to the contrary is unlawful. A copy of our Form ADV Part 2 is available below.
Innealta Capital, LLC’s website and its associated links offer news, commentary, and generalized research, not personalized investment advice. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with a tax professional before implementing any investment strategy.
This website and articles contained herein may contain testimonials from current or former clients, or endorsements from other persons that are supporting or recommending the activities of the Firm. Such individuals may be compensated directly or indirectly by the Firm for the use of their statements. The statements represent the testimony or endorsement by that individual only and may not represent the experience of all counterparties.