Schooner Fund
Schooner Fund Daily Performance
| Fund | NAV 10.25.2016 | Change |
| SCNAX | 18.67 | -0.37% |
| SCNIX | 18.74 | -0.37% |
Schooner Fund Performance Since Inception
Click here to download the Growth of $10,000 Since Inception Chart
Inception: SCNAX 8/29/2008, SCNIX 6/4/2012
| Qtr. 9.30.16 |
Cumulative 9.30.16 |
Annualized 9.30.16 |
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| YTD | 1YR | 5YR | Since Incept | 1YR | 5YR | Since Incept | |
| W/O Max Sales Charge | |||||||
| SCNAX | -10.49% | -17.73% | 0.22% | 13.31% | -17.73% | 0.04% | 1.56% |
| SCNIX** | -10.29 | -17.55% | 1.48% | 14.74% | -17.55% | 0.29% | 1.71% |
| Morningstar Long/Short | 0.26% | 2.05% | 24.80% | 13.50% | 2.05% | 4.53% | 1.58% |
| S&P 500 Index | 7.84% | 15.43% | 113.44% | 101.66% | 15.43% | 16.37% | 9.05% |
| W/ 4.75% Max Sales Charge | |||||||
| SCNAX | -14.74% | -21.64% | -4.54% | 7.93% | -21.64% | -0.92% | 0.95% |
Gross Expense Ratio: SCNAX 1.88%, SCNIX 1.63%
For performance data current to the most recent month end, contact your financial professional or call Schooner Funds at 1-866-724-5997. The performance data contained within this material represents past performance, which does not guarantee future results. The return and principal value of an investment will fluctuate, so that shares, when redeemed, may be worth more or less than the original cost. The Fund’s current performance may be higher or lower and is subject to substantial changes. Performance figures assume that all distributions are reinvested. Performance quoted without sales charges would be reduced if sales charges were applied. Total return is based on net change in NAV assuming reinvestment of distributions. Performance without the sales charge does not reflect the current maximum sales charge of 4.75%. Had the sales charge been included, the Fund’s returns would have been lower.
**Institutional shares (SCNIX) include performance based on Class A shares (SCNAX), which was achieved prior to the creation of the Institutional Class shares. Class I shares would have substantially similar annual returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the Classes do not have the same expenses.
Each Morningstar category average represents a universe of funds with similar investment objectives. The S&P 500 Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. It is not possible to invest directly in an index.
Click here for Schooner Fund Summary Prospectus.
Mutual fund investing involves risk; principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The fund may also use options and futures contracts, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. The investment in options is not suitable for all investors. The fund may hold restricted securities purchased through private placements. Such securities can be difficult to sell without experiencing delays or additional costs.
The Schooner Fund is distributed by Quasar Distributors, LLC.