|Expense Ratio (net)||1.75%|
|Morningstar Risk Rating||★★★★|
|Last Cap Gain||0.00|
|Inception Date||Dec 28, 2011|
|Average for Category||N/A|
The 13D Activist Fund reached its five-year milestone at the end of 2016. The Fund posted a one-year return of 19.57%, net of fees and expenses, as of December 31, 2016 compared to 11.96% for the S&P 500, and a five-year average annual return of 15.27%, net of fees and expenses, compared to the S&P 500 average annual return of 14.79%.