CANNABIS GROWTH FUND

Providing investors access to a growing, emerging industry via a
professionally managed mutual fund

Providing investors access to a growing, emerging industry via a professionally managed mutual fund

OVERVIEW
PERFORMANCE

Overview

The Cannabis Growth Fund is one of the first open-end mutual funds to invest primarily in companies related to the cannabis industry.

Strategy

The Fund plans to invest primarily in exchange listed equity securities of companies in the cannabis industry. These companies are located around the globe and engaged exclusively in legal activities under national and local laws, including U.S. federal and state law, as applicable.1,2 Many companies that the Fund seeks to hold legally participate in activities including agriculture technology, biotechnology, cultivation and retail, products and extracts, industry hemp, and ancillary products and services that complement the cannabis industry. Diversified across various subsectors to provide broad-based exposure, the Fund helps investors capitalize on the fast-growing, innovative cannabis industry.

Why Professional Management?

Today the cannabis industry is growing quickly, with a universe of over 350 small-, mid- and large-cap companies that participate in medicinal or recreational use of cannabis. As this new industry changes and expands, we believe active management has advantages over purchasing individual companies or a passive ETF. In our opinion, knowledgeable and dedicated professionals help investors mitigate inherent volatility and identify favorable growth opportunities, such as initial public offerings. The Fund also has the flexibility to use options in an attempt to enhance the Fund’s return and reduce volatility.

Asset Allocation and the Cannabis Growth Fund

The Fund is a specialty and actively managed portfolio focused on investing in the cannabis industry, providing potentially small-cap, aggressive growth exposure. When including the Fund in an overall portfolio, investors should consider their long-term objectives and goals and place the Fund appropriately within an equity portfolio.3

1 The companies are engaged exclusively in legal activities under national and local laws, including U.S. federal and state law, as applicable. Controlled substance legislation differs between countries, which may limit the ability of cannabis industry companies to sell their products.

2 Pronouncements from the current Administration suggest the Department of Justice may take action against states to prevent them from implementing laws that authorize medical marijuana use, possession, distribution, and cultivation. This action may have a material effect on investment in companies involved in the cannabis industry.

3 Fund investments will be concentrated in an industry or group of industries, and the value of Fund shares may rise and fall more than more diversified funds.

* “The need for weed: why Wall Street is getting hooked on cannabis,” Financial Times, March 15, 2019.
You don’t get an
opportunity every day
to participate in the
very early stages of
global industry and
that is what is
happening now”
– Cam Battley, Chief Corporate Officer, Aurora Cannabis*

An aggressive-growth
Component of an Equity Portfolio

aggresive-compnent-equity-portfolio
Asset allocation does not guarantee a profit or protect against
a loss in declining markets.

PERFORMANCE

Cannabis Growth Fund Returns (%) as of 6/30/2019
 SINCE INCEPTION
CANNX (Investor)-10.2
CANIX (Institutional)-10.2
S&P 500 Index
6.08
Cannabis World Index
-8.48
The inception date of the Investor class is February 22, 2019; the inception date of the Institutional class is May 24, 2019. The performance figures for the Institutional class include the performance for the Investor Class for the periods prior to the start date of the Institutional class. The Investor class imposes higher expenses than the Institutional Class.
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please call 888.885.0588.
CANNX Gross (Net) Expense Ratio: 2.77% (1.35%). CANIX Gross (Net) Expense Ratio: 2.52% (1.10%). The Fund’s advisor has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, and extraordinary expenses such as litigation expenses) do not exceed 1.35% and 1.10% of the average daily net assets of Investor Class shares and Institutional Class shares of the Fund, respectively. This agreement is in effect until May 31, 2020, and it may be terminated before that date only by the Trust’s Board of Trustees.
The S&P 500 Index: The S&P 500 Index is a market capitalization-weighted index of 500 widely held common stocks. The index does not reflect expenses, fees or sales charge, which would lower performance. The index is unmanaged.

Cannabis World Index: The Cannabis World Index measures the performance of exchange traded equity securities of companies that are engaged exclusively in legal cannabis activities under applicable national and local laws, including U.S. federal and state laws. The index does not reflect expenses, fees or sales charge, which would lower performance. The index is unmanaged.
You cannot invest directly in an index.
DAILY PRICES   as of 8/21/2019

Investor
CANNX NAV: $7.69    Change: $0.00

Institutional
CANIX NAV: $7.69    Change: $0.00

LITERATURE CENTER

Portfolio Management

IMG_4718_-_Korey
KOREY BAUER
Portfolio Manager and
Managing Director

7 years of experience