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Equinox Chesapeake Strategy Fund

Morningstar  awards the Equinox Chesapeake Strategy Fund (I-Share – EQCHX) five stars and ranks the fund as  #1 fund in the Managed Futures category based on five-year risk adjusted returns. Out of 54 funds as of 9/30/2017.*

Equinox Chesapeake Strategy Fund – EQCHX  |  ★★★★★

  Annualized Total Returns
Performance (%) as of 9/30/2017 QTR YTD 1 YEAR 3 YEAR 5 YEAR ANNUALIZED RETURN S.I. CUMULATIVE RETURN S.I.
Equinox Chesapeake Strategy Fund (EQCHX) 1.20 6.29 -0.92 4.02 8.51 7.41 43.49
BTOP50 (Managed Futures) 0.45 -4.35 -6.80 -0.84 0.16 -0.02 -0.11
Excess Return (+/-) 0.75 10.64 5.88 4.85 8.35 7.43 43.60
Morningstar™ Managed Futures Category 0.63 -2.29 -5.59 -0.49 -0.34    
Morningstar™ Rank within Category1     19/115 13/96 1/54    

S.I. = Since Inception (EQCHX inception: 9/10/2012). 

The Gross/Net expense ratio for the Fund is 1.92%/1.85%. Additional performance, expense, and index and category information can be found below.


Growth of a $10,000 Investment Since Inception

(9/10/2012 - 9/30/2017)

ms-line-chart-ches

 


PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS. YOU CAN LOSE MONEY IN A MANAGED FUTURES PROGRAM. 

Additional performance, expense, and index and category information can be found below.

*For each fund 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 funds’ monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. 

Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

©2017 Morningstar, Inc. 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.

1Data Source: Morningstar™, 9/17. Morningstar™ category average and rankings are based on average total returns of all mutual funds in their category and do not take into account sales charges.

The performance data quoted here represents past performance. 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. Past performance is no guarantee of future results.  The advisor has contractually agreed to reduce its advisory fee and/or reimburse certain expenses of the Fund, to ensure that the Fund’s total annual operating expenses, excluding (i) taxes, (ii) interest, (iii) extraordinary items, (iv) “Acquired Fund Fees and Expenses,” (v) any expenses of the Subsidiary including trading company expenses, (vi) any class specific fees and expenses, and (vii) brokerage commissions, do not exceed, on an annual basis, 2.10% with respect to Class A shares, 2.85% with respect to Class C shares and 1.85% with respect to Class I shares of the Fund’s average daily net assets. The advisor has contractually agreed to reduce its fees and/or reimburse expenses of the Fund until at least January 31, 2018. This agreement may be terminated only by the Fund’s Board of Trustees on 60 days’ written notice to the advisor. Please review the Fund’s Prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month end, please call toll-free 1.888.643.3431.

The Gross/Net expense ratio for the Fund is as follows: Class A: 2.17% / 2.10%, Class C: 2.90% / 2.85%, and Class I: 1.92% / 1.85%. For more information, please see “Annual Fund Operating Expenses” included in the Fund’s prospectus.

Investors are not able to invest directly in the indices referenced in this illustration and unmanaged index returns do not reflect any fees, expenses or sales charges.

Barclay BTOP50 Index® (BTOP50): The Index seeks to replicate the overall composition of the managed futures industry with regard to trading style and overall market exposure. 

Morningstar™ Managed Futures Category: These funds typically take long and short positions in futures options, swaps, and foreign exchange contracts, both listed and over-the-counter, based on market trends or momentum. (A long position is a bet an investment will gain in value, while a short position is a bet that an investment will decline in value.) A majority of these funds follow trend-following, price-momentum strategies. Other strategies included in this category are systematic mean-reversion, discretionary global macro strategies, commodity index tracking, and other futures strategies. More than 60% of these funds' exposure is invested through derivative securities.

IMPORTANT RISK DISCLOSURE

Mutual funds involve risk including possible loss of principal.

There is no assurance that the Fund will achieve its investment objective. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Many of the derivative contracts entered into by the Fund, the Subsidiary or a trading company will be privately negotiated in the over-the-counter market. These contracts also involve exposure to credit risk, since contract performance depends in part of the financial condition of the counterparty. Credit risk refers to the possibility that the issuer of the security will not be able to make principal and interest payments when due. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

Derivative instruments come in many varieties and have a wide range of potential risks and rewards, and may include futures contracts, options on futures contracts, options, swaps, and forward currency exchange contracts. Derivatives typically have economic leverage inherent in their terms. The use of leverage tends to exaggerate the effect of any increase or decrease in the value of the Fund’s portfolio securities or other investments. Furthermore, derivative instruments and futures contracts are highly volatile and are subject to occasional rapid and substantial fluctuations.

Investments in foreign securities could subject the Fund to greater risks including currency fluctuation, economic conditions, and different governmental and accounting standards. In addition to the risks generally associated with investing in securities of foreign companies, countries with emerging markets also may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues. In general, the price of a fixed income security falls when interest rates rise. Non-diversification is a risk, as the Funds are more vulnerable to events affecting a single issuer. Over-the-counter transactions are subject to little, if any, regulation and may be subject to the risk of counterparty default. Higher portfolio turnover may result in the fund paying higher levels of transaction costs and generating greater tax liabilities for shareholders.

The Fund gains exposure to a managed futures program through its investment in trading companies utilizing the program. The profitability of the Fund’s investment in a trading company depends primarily on the ability of the managed futures program to anticipate price movements in the relevant markets and underlying derivative instruments and futures contracts. There is no assurance that the Fund’s investment in a trading company with leveraged exposure to certain investments and markets will enable the Fund to achieve its investment objective.

Investors should carefully consider the investment objectives, risk, changes, and expenses of the Fund. This and other important information about the Fund are contained in the respective Prospectus or Summary Prospectus, which can be obtained by calling 1.888.643.3431. The Prospectus or Summary Prospectus should be read carefully before investing.


The Fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. Equinox Group Distributors, LLC, Equinox Fund Management, LLC, Equinox Institutional Asset Management, LP and featured Commodity Trading Advisors are not affiliated with Northern Lights Distributors, LLC.

Equinox Institutional Asset Management, LP serves as the Fund’s investment advisor.*  SECURITIES OFFERED THROUGH EQUINOX GROUP DISTRIBUTORS, LLC, MEMBER FINRA. To obtain more information, contact Equinox Funds at 1.877.837.0600 or info@equinoxfunds.com.

The material provided on this website is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any security or service in any jurisdiction where such transaction would be unauthorized or unlawful.

1294-NLD-10/05/2017