NAV:	Change:	Change:	Change YTD:
$11.95	+$0.03	+0.25%	+32.63%

NAV:

Change:

Change YTD:

$11.95

+$0.03

+0.25%

+32.63%

NAV:	Change:	Change:	Change YTD:
$12.10	+$0.02	+0.17%	+32.82%

NAV:

Change:

Change YTD:

$12.10

+$0.02

+0.17%

+32.82%

To view information and literature on the AXS Alternative Growth Fund, please visit
AXS Investments.

Key Fund Documents

For a complete list of documents, applications and forms, or to order by mail, see Fund Literature & Forms

Fund Performance

Fund Name	1 month	ytd	quarter	1 year	3 years	5 years	since inception
	As of Nov 8, 2019			As of Sep 30, 2019
				Annualized Rate of Return
Equinox Ampersand Strategy Fund Class A, without load (inception: Sep 9, 2013)	3.11%	32.63%	4.45%	19.29%	11.94%	10.38%	10.07%
Equinox Ampersand Strategy Fund Class A, max load (inception: Sep 9, 2013)	-2.85%	25.00%	-1.56%	12.47%	9.74%	9.09%	8.99%

Fund Name	1 month	ytd	quarter	1 year	3 years	5 years	since inception
	As of Nov 8, 2019			As of Sep 30, 2019
				Annualized Rate of Return
Equinox Ampersand Strategy Fund Class I (inception: Sep 9, 2013)	3.07%	32.82%	4.48%	19.58%	12.36%	10.74%	10.40%

Equinox Ampersand Strategy Fund - Class I

S&P 500 Total Return Index

Difference