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TICKER: EQAAX
CUSIP: 29446A694
INCEPTION DATE: Aug 21, 2015
TICKER: EQACX
CUSIP: 29446A686
INCEPTION DATE: Aug 21, 2015
TICKER: EQAIX
CUSIP: 29446A728
INCEPTION DATE: Nov 7, 2014

DAILY PRICING (as of Apr 28, 2017)

NAV: Change: Change: Change YTD:
$9.43 -$0.01 -0.11% -1.87%

DAILY PRICING (as of Apr 28, 2017)

NAV: Change: Change: Change YTD:
$9.29 -$0.01 -0.11% -2.11%

DAILY PRICING (as of Apr 28, 2017)

NAV: Change: Change: Change YTD:
$9.40 -$0.01 -0.11% -1.78%

The Equinox Aspect Core Diversified Strategy Fund is a mutual fund that aims to produce strong capital growth by deploying a medium-term trend following strategy. The Fund seeks to identify and profit from price moves in highly liquid and diverse futures markets across global asset classes.

Prospectus Objective: The Equinox Aspect Core Diversified Strategy Fund (the “Fund”) seeks to achieve long-term capital appreciation through exposure to a managed futures trading program offered by Aspect Capital Limited (“Aspect”).

Approach

  • Accesses 69 carefully selected and highly liquid futures markets across four global asset classes: commodities, currencies, fixed income and equity indices.
  • Deploys a systematic, medium-term trend following strategy that seeks to quantitatively identify and profit from directional moves in market prices.
  • Strives to produce returns that are not correlated with returns from traditional and other alternative asset classes.
  • Draws upon Aspect’s ongoing research into models and markets that seeks to deliver continuing enhancements to three main areas of the investment process:
    • Trade generation
    • Risk management
    • Trade execution
  • Additional features:
    • Daily liquidity
    • 1940 Act regulation
    • 1099 tax reporting

Futures Trading Style

Trend Following: A strategy that generally seeks to identify the general direction of one or more global market segments (either up or down) using indicators such as current market prices and moving average prices, and buy or sell investments based on the assessment of these trade signals as determined before a trade is made. Trend-following generally focuses on the direction an investment or global market segment already has gone and not on the direction it may go.

For more information on futures trading styles, see the following links:

Please refer to the glossary for futures trading style descriptions.  

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

IMPORTANT RISK DISCLOSURE

Mutual funds involve risk including possible loss of principal.

There is no assurance that the Fund will achieve its investment objective.

The Fund may be subject to liquidity risk primarily due to investments in derivatives. The Fund may invest up to 15% of its net assets in illiquid securities or instruments.

The use of futures contracts and derivative instruments will have the economic effect of financial leverage. Financial leverage magnifies exposure to the swings in prices of an asset class underlying an investment and may result in increased volatility and potentially greater gains or losses.  There is no assurance that the Fund’s investment in a derivative instrument with leveraged exposure to certain investments and markets will enable the Fund to achieve its investment objective. 

The use of futures contracts by Aspect Capital Limited, the Sub-Advisor for the Fund, is subject to special risk considerations, including, but not limited to, futures contracts having a high degree of price variability and subject to occasional rapid and substantial changes, possible lack of a liquid secondary market, possible market disruption or other extraordinary events,  losses caused by unanticipated market movements, Aspect’s inability to predict correctly the direction of instrument prices, interest rates, and currency exchange rates and other economic factors.

The trading decisions of the Sub-Adviser are based in part on mathematical models, which are implemented as automated computer algorithms that the Sub-Adviser has developed over time. The successful operation of the automated computer algorithms on which the Sub-Adviser’s trading decisions are based is reliant upon the Sub-Adviser’s information technology systems and its ability to ensure those systems remain operational and that appropriate disaster recovery procedures are in place. Further, as market dynamics shift over time, a previously highly successful model may become outdated, perhaps without the Sub-Adviser recognizing that fact before substantial losses are incurred. There can be no assurance that the Sub-Adviser will be successful in maintaining effective mathematical models and automated computer algorithms.

A substantial portion of the Fund’s assets may be invested in fixed income securities. In general, the price of a fixed income security falls when interest rates rise. If a security issuer defaults on its payment obligations to the Fund, this default will cause the value of an investment in the Fund to decrease.

A significant portion of the Fund’s investment in futures contracts take place on foreign markets or exchanges and the Fund may have exposure to emerging markets due to investments in certain futures contracts linked to currencies and indices comprising emerging market equity securities. Adverse changes in currency exchange rates may erode or reverse any potential gains from the Fund’s investments.  Investments in emerging markets may be considered speculative.  As a general rule, there is less legal and regulatory protection for investors in foreign markets than those investors in domestic markets. 

The Fund may invest up to 25% of its assets in a wholly-owned Subsidiary that will not be registered under the Investment Company Act of 1940, as amended (“1940 Act”), and, unless otherwise noted in the Fund’s Prospectus or Statement of Additional Information, will not be subject to all of the investor protections of the 1940 Act.  The Fund is a non-diversified investment company.

The Fund may frequently buy and sell portfolio securities and other assets to rebalance the Fund’s exposure to various market sectors. Higher portfolio turnover may result in the Fund paying higher levels of transaction costs and generating greater tax liabilities for investors.

Investors should carefully consider the investment objective, risks, changes, and expenses of the Fund. This and other important information about the Fund is contained in the Fund’s 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.

5376-NLD-11/11/2014 / 5129-NLD-02/16/2016
EASP882 / EASP980

The Equinox Aspect Core Diversified Strategy Fund accesses 69 carefully selected and highly liquid futures markets across four global asset classes: commodities, currencies, fixed income and equity indices.

Futures diversification by sector — as of Mar 31, 2017

Performance attribution by sector — as of Mar 31, 2017


Sector attribution numbers have been rounded for ease of use. Performance includes fixed income and is net of fees.  Past performance does not guarantee future results. 

Fund exposure by futures strategy — as of Mar 31, 2017

Futures Strategy
% Exposure
program description
Info, Notes & Performance
Aspect Capital Limited
100.0%
Systematic
Firm location:
London, Stamford (CT), Hong Kong 
Program name:
Aspect Core Diversified Program 
Program inception:
November 2014 
Firm AUM (4/1/17):
$6,001 Million  
Principal(s):
Anthony Todd,
Martin Lueck

Portfolio holdings are as of the date stated, are subject to change, and should not be considered investment advice.

†Please refer to the glossary for definitions of program descriptions.

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

IMPORTANT RISK DISCLOSURE

Mutual funds involve risk including possible loss of principal.

There is no assurance that the Fund will achieve its investment objective.

The Fund may be subject to liquidity risk primarily due to investments in derivatives. The Fund may invest up to 15% of its net assets in illiquid securities or instruments.

The use of futures contracts and derivative instruments will have the economic effect of financial leverage. Financial leverage magnifies exposure to the swings in prices of an asset class underlying an investment and may result in increased volatility and potentially greater gains or losses.  There is no assurance that the Fund’s investment in a derivative instrument with leveraged exposure to certain investments and markets will enable the Fund to achieve its investment objective. 

The use of futures contracts by Aspect Capital Limited, the Sub-Advisor for the Fund, is subject to special risk considerations, including, but not limited to, futures contracts having a high degree of price variability and subject to occasional rapid and substantial changes, possible lack of a liquid secondary market, possible market disruption or other extraordinary events,  losses caused by unanticipated market movements, Aspect’s inability to predict correctly the direction of instrument prices, interest rates, and currency exchange rates and other economic factors.

The trading decisions of the Sub-Adviser are based in part on mathematical models, which are implemented as automated computer algorithms that the Sub-Adviser has developed over time. The successful operation of the automated computer algorithms on which the Sub-Adviser’s trading decisions are based is reliant upon the Sub-Adviser’s information technology systems and its ability to ensure those systems remain operational and that appropriate disaster recovery procedures are in place. Further, as market dynamics shift over time, a previously highly successful model may become outdated, perhaps without the Sub-Adviser recognizing that fact before substantial losses are incurred. There can be no assurance that the Sub-Adviser will be successful in maintaining effective mathematical models and automated computer algorithms.

A substantial portion of the Fund’s assets may be invested in fixed income securities. In general, the price of a fixed income security falls when interest rates rise. If a security issuer defaults on its payment obligations to the Fund, this default will cause the value of an investment in the Fund to decrease.

A significant portion of the Fund’s investment in futures contracts take place on foreign markets or exchanges and the Fund may have exposure to emerging markets due to investments in certain futures contracts linked to currencies and indices comprising emerging market equity securities. Adverse changes in currency exchange rates may erode or reverse any potential gains from the Fund’s investments.  Investments in emerging markets may be considered speculative.  As a general rule, there is less legal and regulatory protection for investors in foreign markets than those investors in domestic markets. 

The Fund may invest up to 25% of its assets in a wholly-owned Subsidiary that will not be registered under the Investment Company Act of 1940, as amended (“1940 Act”), and, unless otherwise noted in the Fund’s Prospectus or Statement of Additional Information, will not be subject to all of the investor protections of the 1940 Act.  The Fund is a non-diversified investment company.

The Fund may frequently buy and sell portfolio securities and other assets to rebalance the Fund’s exposure to various market sectors. Higher portfolio turnover may result in the Fund paying higher levels of transaction costs and generating greater tax liabilities for investors.

Investors should carefully consider the investment objective, risks, changes, and expenses of the Fund. This and other important information about the Fund is contained in the Fund’s 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.

5376-NLD-11/11/2014 / 5129-NLD-02/16/2016
EASP882 / EASP980

Fund Performance

As of Apr 28, 2017 As of Mar 31, 2017
Fund Name 1 month ytd quarter 1 year 3 years 1 5 years 1 since
inception 1
Equinox Aspect Core Diversified Strategy Fund
Class A, without load (inception: Aug 21, 2015)
-1.26% -1.87% -0.62% -4.70% -3.42%
Equinox Aspect Core Diversified Strategy Fund
Class A, max load (inception: Aug 21, 2015)
-6.91% -7.55% -6.37% -10.22% -6.93%
As of Apr 28, 2017 As of Mar 31, 2017
Fund Name 1 month ytd quarter 1 year 3 years 1 5 years 1 since
inception 1
Equinox Aspect Core Diversified Strategy Fund
Class C (inception: Aug 21, 2015)
-1.28% -2.11% -0.84% -5.56% -4.23%
As of Apr 28, 2017 As of Mar 31, 2017
Fund Name 1 month ytd quarter 1 year 3 years 1 5 years 1 since
inception 1
Equinox Aspect Core Diversified Strategy Fund
Class I (inception: Nov 7, 2014)
-1.26% -1.78% -0.52% -4.56% 0.76%

1Annualized, unless the Fund has less than a year of performance where the numbers shown are cumulative total return.

SEE PERFORMANCE AND EXPENSE DISCLOSURES BELOW.

Performance and risk versus benchmarks — as of Mar 31, 2017

Fund/index 1 month ytd 2014 2015 2016 Cumulative Return Annualized ROR Maximum Drawdown standard deviation Correlation
Vs. Indices
Equinox Aspect Core Diversified Strategy Fund
Class A, without load
-0.93% -0.62% -0.48% -4.39% -5.44% -3.42% -8.88% 6.67% 1.00
Long Only Commodities 1
-3.91% -5.05% -14.56% 11.37% -9.66% -6.11% -27.43% 18.32% -0.49
Equities 2
0.12% 6.07% 4.51% 11.96% 24.11% 14.36% -6.59% 10.99% -0.37
Managed Futures 3
-0.93% -1.79% -0.16% -4.44% -6.30% -3.96% -10.81% 6.62% 0.90
Fixed Income 4
-0.05% 0.82% -0.54% 2.65% 2.92% 1.81% -3.28% 3.02% 0.39

Performance and risk versus benchmarks — as of Mar 31, 2017

Fund/index 1 month ytd 2014 2015 2016 Cumulative Return Annualized ROR Maximum Drawdown standard deviation Correlation
Vs. Indices
Equinox Aspect Core Diversified Strategy Fund
Class C
-1.05% -0.84% -0.73% -5.22% -6.71% -4.22% -9.53% 6.65% 1.00
Long Only Commodities 1
-3.91% -5.05% -14.56% 11.37% -9.66% -6.11% -27.43% 18.32% -0.49
Equities 2
0.12% 6.07% 4.51% 11.96% 24.11% 14.36% -6.59% 10.99% -0.37
Managed Futures 3
-0.93% -1.79% -0.16% -4.44% -6.30% -3.96% -10.81% 6.62% 0.90
Fixed Income 4
-0.05% 0.82% -0.54% 2.65% 2.92% 1.81% -3.28% 3.02% 0.39

Performance and risk versus benchmarks — as of Mar 31, 2017

Fund/index 1 month ytd 2014 2015 2016 Cumulative Return Annualized ROR Maximum Drawdown standard deviation Correlation
Vs. Indices
Equinox Aspect Core Diversified Strategy Fund
Class I
-0.94% -0.52% 5.90% 0.96% -4.25% 1.84% 0.76% -8.75% 7.39% 1.00
Long Only Commodities 1
-3.91% -5.05% -21.20% -32.86% 11.37% -44.05% -21.46% -46.11% 22.19% -0.70
Equities 2
0.12% 6.07% 2.73% 1.38% 11.96% 23.68% 9.25% -8.36% 11.27% -0.25
Managed Futures 3
-0.93% -1.79% 6.34% -0.92% -4.44% -1.13% -0.47% -11.38% 7.39% 0.90
Fixed Income 4
-0.05% 0.82% 0.86% 0.55% 2.65% 4.95% 2.03% -3.28% 3.06% 0.51

S&P500 GSCI® Index
S&P 500® Total Return Index
Barclay BTOP50 Index®.  The index does not encompass the whole universe of CTAs. The CTAs that comprise the index have submitted their information voluntarily. Investors      cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.
4Barclays Capital Aggregate Bond Index®

ROR is Rate of Return. Standard Deviation is annualized.  See glossary for definitions of drawdown, standard deviation and correlation.

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. The referenced indices are shown for general market comparisons and are not meant to represent the Fund. 

SEE PERFORMANCE AND EXPENSE DISCLOSURES BELOW.

Performance of a hypothetical $10,000 investment — Jul 2016 to Mar 2017

Equinox Aspect Core Diversified Strategy Fund - Class A ($9,456 as of Mar 2017)
Barclay BTOP50 Index ($9,370 as of Mar 2017)

Performance of a hypothetical $10,000 investment — Jul 2016 to Mar 2017

Equinox Aspect Core Diversified Strategy Fund - Class C ($9,329 as of Mar 2017)
Barclay BTOP50 Index ($9,370 as of Mar 2017)

Performance of a hypothetical $10,000 investment — Nov 2014 to Mar 2017

Equinox Aspect Core Diversified Strategy Fund - Class I ($10,184 as of Mar 2017)
Barclay BTOP50 Index ($9,887 as of Mar 2017)

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

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 Adviser 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,” and (v) brokerage commissions, do not exceed, on an annual basis, 1.70% with respect to Class A shares, 2.45% with respect to Class C shares and 1.45% with respect to Class I shares of the Fund’s average daily net assets. The Adviser has contractually agreed to reduce its fees and/or reimburse expenses of the Fund until at least November 5, 2017. This agreement cannot be terminated without the consent of the Fund’s Board of Trustees on 60 days’ written notice to the Adviser.  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.

Gross/Net expense Ratio: Class A (EQAAX): 2.18%/1.70%; Class C (EQACX): 2.93%/2.45%; Class I (EQAIX): 1.93%/1.45%

IMPORTANT RISK DISCLOSURE

Mutual funds involve risk including possible loss of principal.

There is no assurance that the Fund will achieve its investment objective.

The Fund may be subject to liquidity risk primarily due to investments in derivatives. The Fund may invest up to 15% of its net assets in illiquid securities or instruments.

The use of futures contracts and derivative instruments will have the economic effect of financial leverage. Financial leverage magnifies exposure to the swings in prices of an asset class underlying an investment and may result in increased volatility and potentially greater gains or losses.  There is no assurance that the Fund’s investment in a derivative instrument with leveraged exposure to certain investments and markets will enable the Fund to achieve its investment objective. 

The use of futures contracts by Aspect Capital Limited, the Sub-Advisor for the Fund, is subject to special risk considerations, including, but not limited to, futures contracts having a high degree of price variability and subject to occasional rapid and substantial changes, possible lack of a liquid secondary market, possible market disruption or other extraordinary events,  losses caused by unanticipated market movements, Aspect’s inability to predict correctly the direction of instrument prices, interest rates, and currency exchange rates and other economic factors.

The trading decisions of the Sub-Adviser are based in part on mathematical models, which are implemented as automated computer algorithms that the Sub-Adviser has developed over time. The successful operation of the automated computer algorithms on which the Sub-Adviser’s trading decisions are based is reliant upon the Sub-Adviser’s information technology systems and its ability to ensure those systems remain operational and that appropriate disaster recovery procedures are in place. Further, as market dynamics shift over time, a previously highly successful model may become outdated, perhaps without the Sub-Adviser recognizing that fact before substantial losses are incurred. There can be no assurance that the Sub-Adviser will be successful in maintaining effective mathematical models and automated computer algorithms.

A substantial portion of the Fund’s assets may be invested in fixed income securities. In general, the price of a fixed income security falls when interest rates rise. If a security issuer defaults on its payment obligations to the Fund, this default will cause the value of an investment in the Fund to decrease.

A significant portion of the Fund’s investment in futures contracts take place on foreign markets or exchanges and the Fund may have exposure to emerging markets due to investments in certain futures contracts linked to currencies and indices comprising emerging market equity securities. Adverse changes in currency exchange rates may erode or reverse any potential gains from the Fund’s investments.  Investments in emerging markets may be considered speculative.  As a general rule, there is less legal and regulatory protection for investors in foreign markets than those investors in domestic markets. 

The Fund may invest up to 25% of its assets in a wholly-owned Subsidiary that will not be registered under the Investment Company Act of 1940, as amended (“1940 Act”), and, unless otherwise noted in the Fund’s Prospectus or Statement of Additional Information, will not be subject to all of the investor protections of the 1940 Act.  The Fund is a non-diversified investment company.

The Fund may frequently buy and sell portfolio securities and other assets to rebalance the Fund’s exposure to various market sectors. Higher portfolio turnover may result in the Fund paying higher levels of transaction costs and generating greater tax liabilities for investors.

Investors should carefully consider the investment objective, risks, changes, and expenses of the Fund. This and other important information about the Fund is contained in the Fund’s 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 Insitutional 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. 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.

5376-NLD-11/11/2014 / 5129-NLD-02/16/2016
EASP882 / EASP980

Equinox Investment Philosophy and Process

At Equinox Funds, we believe that alternative and traditional investment portfolios built around rigorous diversification and dynamic risk management can add long-term value to an investment strategy. With this philosophy in mind, the Equinox portfolio management team employs the following six-step investment process:

Equinox Investment Process Overview

Step 1 SCREEN
After determining a Fund or Program’s goals and objectives, the Portfolio Team screens the manager universe for suitable candidates.
Step 2 ANALYZE
During this stage, the Portfolio Team seeks to rigorously evaluate historical performance and portfolio attributes as they relate to performance, volatility and strategy discipline.
Step 3 SELECT
The next step involves performing exhaustive due diligence on organization, personnel, investment process and operations.
Step 4 CONSTRUCT
At this stage of the process the anticipated portfolio is stressed using simulation tools for optimal return, risk, correlation and drawdown metrics.
Step 5 MANAGE
Once the initial candidates are identified, the Portfolio Team continually rebuilds the universe of managers and retests the portfolio dynamics.
Step 6 REBALANCE
Continuous monitoring of existing managers’ trading and performance seeks to detect style drift or other potential issues and rebalancing occurs as necessary.

Throughout the process, our goal is to provide investors with high-quality alternative investment portfolios that — when added to an asset allocation strategy — can potentially reduce risk and enhance returns over time.

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

IMPORTANT RISK DISCLOSURE

Mutual funds involve risk including possible loss of principal.

There is no assurance that the Fund will achieve its investment objective.

The Fund may be subject to liquidity risk primarily due to investments in derivatives. The Fund may invest up to 15% of its net assets in illiquid securities or instruments.

The use of futures contracts and derivative instruments will have the economic effect of financial leverage. Financial leverage magnifies exposure to the swings in prices of an asset class underlying an investment and may result in increased volatility and potentially greater gains or losses.  There is no assurance that the Fund’s investment in a derivative instrument with leveraged exposure to certain investments and markets will enable the Fund to achieve its investment objective. 

The use of futures contracts by Aspect Capital Limited, the Sub-Advisor for the Fund, is subject to special risk considerations, including, but not limited to, futures contracts having a high degree of price variability and subject to occasional rapid and substantial changes, possible lack of a liquid secondary market, possible market disruption or other extraordinary events,  losses caused by unanticipated market movements, Aspect’s inability to predict correctly the direction of instrument prices, interest rates, and currency exchange rates and other economic factors.

The trading decisions of the Sub-Adviser are based in part on mathematical models, which are implemented as automated computer algorithms that the Sub-Adviser has developed over time. The successful operation of the automated computer algorithms on which the Sub-Adviser’s trading decisions are based is reliant upon the Sub-Adviser’s information technology systems and its ability to ensure those systems remain operational and that appropriate disaster recovery procedures are in place. Further, as market dynamics shift over time, a previously highly successful model may become outdated, perhaps without the Sub-Adviser recognizing that fact before substantial losses are incurred. There can be no assurance that the Sub-Adviser will be successful in maintaining effective mathematical models and automated computer algorithms.

A substantial portion of the Fund’s assets may be invested in fixed income securities. In general, the price of a fixed income security falls when interest rates rise. If a security issuer defaults on its payment obligations to the Fund, this default will cause the value of an investment in the Fund to decrease.

A significant portion of the Fund’s investment in futures contracts take place on foreign markets or exchanges and the Fund may have exposure to emerging markets due to investments in certain futures contracts linked to currencies and indices comprising emerging market equity securities. Adverse changes in currency exchange rates may erode or reverse any potential gains from the Fund’s investments.  Investments in emerging markets may be considered speculative.  As a general rule, there is less legal and regulatory protection for investors in foreign markets than those investors in domestic markets. 

The Fund may invest up to 25% of its assets in a wholly-owned Subsidiary that will not be registered under the Investment Company Act of 1940, as amended (“1940 Act”), and, unless otherwise noted in the Fund’s Prospectus or Statement of Additional Information, will not be subject to all of the investor protections of the 1940 Act.  The Fund is a non-diversified investment company.

The Fund may frequently buy and sell portfolio securities and other assets to rebalance the Fund’s exposure to various market sectors. Higher portfolio turnover may result in the Fund paying higher levels of transaction costs and generating greater tax liabilities for investors.

Investors should carefully consider the investment objective, risks, changes, and expenses of the Fund. This and other important information about the Fund is contained in the Fund’s 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.

5376-NLD-11/11/2014 / 5129-NLD-02/16/2016
EASP882 / EASP980

Portfolio Management Team

 

Dr. Ajay Dravid

Chief Investment Officer, Equinox Institutional Asset Management, LP

Managing Director of Portfolio Strategy, Equinox Fund Management, LLC

As Managing Director of Portfolio Strategy at Equinox Fund Management, Dr. Dravid is involved in day-to-day portfolio and risk management for all of Equinox Funds' offerings.  In addition, Dr. Dravid is involved in the development and the structuring of new products... | MORE

Dr. Rufus Rankin

Director of Portfolio Management, Equinox Fund Management, LLC

Dr. Rankin is the Director of Portfolio Strategy of Equinox Fund Management.  In addition, Dr. Rankin also assists with the conception, development and implementation of new products... | MORE

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

IMPORTANT RISK DISCLOSURE

Mutual funds involve risk including possible loss of principal.

There is no assurance that the Fund will achieve its investment objective.

The Fund may be subject to liquidity risk primarily due to investments in derivatives. The Fund may invest up to 15% of its net assets in illiquid securities or instruments.

The use of futures contracts and derivative instruments will have the economic effect of financial leverage. Financial leverage magnifies exposure to the swings in prices of an asset class underlying an investment and may result in increased volatility and potentially greater gains or losses.  There is no assurance that the Fund’s investment in a derivative instrument with leveraged exposure to certain investments and markets will enable the Fund to achieve its investment objective. 

The use of futures contracts by Aspect Capital Limited, the Sub-Advisor for the Fund, is subject to special risk considerations, including, but not limited to, futures contracts having a high degree of price variability and subject to occasional rapid and substantial changes, possible lack of a liquid secondary market, possible market disruption or other extraordinary events,  losses caused by unanticipated market movements, Aspect’s inability to predict correctly the direction of instrument prices, interest rates, and currency exchange rates and other economic factors.

The trading decisions of the Sub-Adviser are based in part on mathematical models, which are implemented as automated computer algorithms that the Sub-Adviser has developed over time. The successful operation of the automated computer algorithms on which the Sub-Adviser’s trading decisions are based is reliant upon the Sub-Adviser’s information technology systems and its ability to ensure those systems remain operational and that appropriate disaster recovery procedures are in place. Further, as market dynamics shift over time, a previously highly successful model may become outdated, perhaps without the Sub-Adviser recognizing that fact before substantial losses are incurred. There can be no assurance that the Sub-Adviser will be successful in maintaining effective mathematical models and automated computer algorithms.

A substantial portion of the Fund’s assets may be invested in fixed income securities. In general, the price of a fixed income security falls when interest rates rise. If a security issuer defaults on its payment obligations to the Fund, this default will cause the value of an investment in the Fund to decrease.

A significant portion of the Fund’s investment in futures contracts take place on foreign markets or exchanges and the Fund may have exposure to emerging markets due to investments in certain futures contracts linked to currencies and indices comprising emerging market equity securities. Adverse changes in currency exchange rates may erode or reverse any potential gains from the Fund’s investments.  Investments in emerging markets may be considered speculative.  As a general rule, there is less legal and regulatory protection for investors in foreign markets than those investors in domestic markets. 

The Fund may invest up to 25% of its assets in a wholly-owned Subsidiary that will not be registered under the Investment Company Act of 1940, as amended (“1940 Act”), and, unless otherwise noted in the Fund’s Prospectus or Statement of Additional Information, will not be subject to all of the investor protections of the 1940 Act.  The Fund is a non-diversified investment company.

The Fund may frequently buy and sell portfolio securities and other assets to rebalance the Fund’s exposure to various market sectors. Higher portfolio turnover may result in the Fund paying higher levels of transaction costs and generating greater tax liabilities for investors.

Investors should carefully consider the investment objective, risks, changes, and expenses of the Fund. This and other important information about the Fund is contained in the Fund’s 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.

5376-NLD-11/11/2014 / 5129-NLD-02/16/2016
EASP882 / EASP980