Cannabis Growth Fund Returns (%) as of 3/31/2021
|1 Month||3 Month||1 Year||SINCE INCEPTION* annualized|
|CANNX (Investor Class)||-5.54||49.57||161.65||-5.22|
|CANIX (Class I)||-5.61||48.96||161.04||-5.62|
|S&P 500 Index||4.38||6.17||56.35||20.48|
|Cannabis World Index||-6.78||46.16||90.01||-28.81|
The inception date of the Investor Class is 2/22/19; the inception date of the Class I is 5/24/19. Performance for periods prior to August 19, 2020, reflect performance of the Institutional Class, which were re-designated as Class I shares on August 19, 2020. The performance figures for the Class I include the performance for the Investor Class for the periods prior to the start date of the Class I. The Investor Class imposes higher expenses than the Class I.
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 Class I 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.