The Athena Behavioral Tactical Fund employs a tactical market rotation strategy that seeks to invest in the right market at the right time.
The Athena Behavioral Tactical Fund (the “Fund”) seeks capital appreciation.
The Fund utilizes patented behavioral market indicators to gauge and select broad market- exposure among various equity markets, market capitalization or cash each month. The portfolio invests in positions within US small cap, US large cap, or international equities when market indicators are strong. In certain circumstances the exposure may be twice the market to enhance returns. During weak conditions, the fund can move to 100% cash.
|1 Year||#2 out of 263|
|3 Year||#5 out of 239|
|5 Year||#8 out of 200|
|1 Year||#1 out of 263|
|3 Year||#3 out of 239|
|5 Year||#7 out of 200|
Overall Morningstar Rating™ for Athena Behavioral Tactical Fund A as of September 30, 2021, rated against 239 Tactical Allocation Funds.
Overall Morningstar Rating™ for Athena Behavioral Tactical Fund I as of September 30, 2021, rated against 239 Tactical Allocation Funds.
|ATVIX Class I (NAV)||-4.31%||-0.33%||20.91%||41.72%||21.71%|
|ATVAX Class A (NAV)||-4.37%||-0.33%||20.66%||41.41%||21.38%|
|ATVAX Class A (Max Load)||-9.87%||-5.75%||13.75%||33.33%||18.77%|
|MSCI All Country World Index2||-2.41%||2.57%||13.98%||19.27%||16.66%|
|ATVIX Class I (NAV)||67.67%||18.02%||13.40%||9.71%|
|ATVAX Class A (NAV)||67.22%||17.67%||13.07%||9.41%|
|ATVAX Class A (Max Load)||57.55%||15.36%||11.74%||8.40%|
|MSCI All Country World Index||27.44%||12.58%||13.20%||9.74%|
|S&P 500 Index||30.00%||15.99%||16.90%||13.93%|
The figures shown represent past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost.
Total annual operating expenses are 3.00% and 2.75% for the Class A and I shares, respectively. The Fund’s investment advisor has contractually agreed to reduce its fees and/or absorb expenses until at least August 31, 2022. After this fee waiver, the expense ratios are 1.50% and 1.25% for the Class A and I shares, respectively. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund in future years. Please review the Fund’s prospectus for more information regarding the Fund’s fees and expenses, including other share classes. Results shown reflect the waiver, without which the results could have been lower. Returns for periods longer than one year are annualized.
The S&P 500 index is capitalization-weighted and designed to measure the performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The MSCI ACWI Total Return Index is a free-float weighted equity index that includes both emerging and developed world markets. The portfolio does not seek to replicate the composition, performance, or volatility of the benchmark index and can be expected to have investments that differ substantially from the securities included in any index. Accordingly, no representation is made that the performance, volatility, or other characteristics of the portfolio will track the benchmark. It is not possible to invest directly in an index.
Morningstar Ratings™ are based on risk-adjusted performance as of 9/30/2021. The Morningstar Rating™ for a strategy is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics. For each strategy with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a strategy’s monthly performance (including the effects of applicable fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of strategies in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star.
© 2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The fund is available for purchase on most major retail brokerage platforms or you can open an account directly with the fund. Please use the forms available here.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Athena Behavioral Tactical Fund. This and other important information about the Fund is contained in the Prospectus, which can be obtained by contacting your financial advisor or by calling (888) 868-9501. The Prospectus should be read carefully before investing. The Athena Behavioral Tactical Fund is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. AthenaInvest Advisors LLC and Northern Lights Distributors, LLC are not affiliated. Mutual Funds involve risk including the possible loss of principal.
AthenaInvest Advisors LLC
5340 South Quebec Street, Suite 320-S
Greenwood Village, CO 80111
Athena Behavioral Tactical Fund
c/o Gemini Fund Services, LLC
PO Box 541150
Omaha, NE 68154
Toll Free (833) 653-0575