Inception Date: 7/19/2013
Ticker Symbol: EPGFX
Minimum Investment: $2,500
Portfolio Manager: Adrian Day
Strategy: The EuroPac Gold Fund uses a top-down approach to screen for and select attractive markets and sectors, and a bottom-up approach to select securities, and focuses on a long-term investment horizon in order to realize value.
Investment Process Highlights: The EuroPac Gold Fund uses a top-down approach to screen for and select attractive markets and sectors, and a bottom-up valuation approach to select securities, and focuses on a long-term investment horizon in order to realize value. The Fund’s Advisor adheres to a controlled investment process and has been employing a similar strategy in separately managed accounts for over 20 years. Please refer to the prospectus for more information on the Advisor’s track record with respect to these separate accounts.
Focus on Attractive Markets: The Fund's advisor screens globally for attractive markets, looking for resources across the globe with the most profit potential, yet also paying special attention to geopolitical risk in those geographies, attempting to gain exposure to the best assets on a risk adjusted basis.
Focus on Attractive Sectors: The Fund's distinct allocation across precious metal sectors attempts to maximize upside while minimizing risk. The Advisor will focus on depressed major miners, high growth juniors as well as exploration companies.
Security Selection: The Fund's Advisor focuses on 3 main characteristics to select individual securities within the Fund. First, rather than focus on cheap securities, the Advisor looks for value using a number of quantitative and qualitative factors applied over a universe of potential investments. Second, the Advisor believes in selecting securities with strong balance sheets to reduce capital risk and earnings volatility. Finally, the Advisor focuses on selecting securities with strong management teams and a history of generating consistent returns and value for shareholders.
|PERFORMANCE||THROUGH DECEMBER 31, 2016|
|1 Mo.||3 Mo.||6 Mo.||YTD||1 Yr||2 Yr (Ann)||3 Yr (Ann)||Inception Annuallzed||Since Inception|
|EuroPac Gold Fund*|
|with impact of maximum sales charge||-5.03%||-22.10%||-22.17%||65.29%||65.29%||10.07%||2.63%||-2.20%||-7.39%|
|without impact of maximum sales charge||-0.52%||-18.40%||-18.47%||73.02%||73.02%||12.66%||4.21%||-0.89%||-3.04%|
|Philadelphia Gold & Silver Index**||-1.24%||-16.04%||-19.08%||74.92%||74.92%||7.91%||-1.24%||-4.30%||-13.95%|
The Fund’s gross and net expense ratio is 2.03% and 1.55%, respectively, and the maximum sales charge is 4.50%. The performance data quoted here represents past performance. Past performance does not guarantee future results. The investment return and principal will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. Investors may obtain performance information current to the most recent month-end, within 7 business days, by calling +1 (888) 949-9940. A redemption fee of 2.00% may be imposed on redemptions of shares you have owned for 30 days or less. Please see the prospectus for more information.
The Fund’s advisor has contractually agreed to waive its fees and/or absorb expenses of the Fund to ensure that total annual fund operating expenses do not exceed 1.50% of average daily net assets of the Fund. This agreement is effective until March 1, 2017, and may be terminated by the Trust’s Board of Trustees (the “Board”). The Fund’s advisor is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid. The advisor is permitted to seek reimbursement from the Fund for a period of three fiscal years following the fiscal year in which fees were waived or reimbursed.
Carefully consider the risks and special considerations associated with investing in the fund. You may lose money by investing in the fund. Foreign investments also present risks due to currency fluctuations, economic and political factors, lower liquidity, government regulations, differences in securities regulations and accounting standards, possible changes in taxation, limited public information and other factors. The risks are magnified in countries with emerging markets, since these countries may have relatively unstable governments and less established markets and economies.
Gold Risk: Investments in gold and gold companies are subject to risks. There is the possibility of wide fluctuations in the price of gold. In addition; the market for gold is relatively limited and unregulated and the sources of gold are concentrated in countries that have the potential for instability. The Fund will be more susceptible to the economic, market, political and local risks of the European region than a fund that is more geographically diversified. The Fund will be more susceptible to the economic, market, regulatory, political, natural disasters and local risks of the Pacific Rim region than a fund that is more geographically diversified. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. More information about these risks and others can be found in the fund’s prospectus.
Risks of Investment: Please read about the Risks of investing in the Fund.
You should carefully consider the Fund’s investment objectives, risk, charges, and expenses before investing.
To obtain a prospectus that contains this and other information about the Fund, please click here or call +1 (888) 558-5851. Please read the prospectus carefully before investing.
Euro Pacific Funds are distributed by IMST Distributors, LLC.