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Kind 497K ARCHER INVESTMENT SERIES

Share this…FacebookPinterestTwitterLinkedin Desk of Contents FUND SUMMARY 2 ARCHER FOCUS FUND 2 Funding Goal 2 Charges and Bills of Investing…

By Staff , in Retirement Accounts , at January 6, 2022



Desk of Contents

FUND SUMMARY

2

ARCHER FOCUS FUND

2

Funding Goal

2

Charges and Bills of Investing within the Fund

2

Portfolio Turnover

3

Principal Funding Methods of the Fund

3

Principal Dangers of Investing within the Fund

3

Efficiency

5

Administration of the Fund

6

Portfolio Managers

6

Buy and Sale of Funds Shares

6

Tax Data

6

Funds to Dealer-Sellers and Different Monetary Intermediaries

7

FUND SUMMARY

ARCHER FOCUS FUND

Funding Goal

The Archer Focus Fund (the “Fund”) seeks long-term progress of capital.

Charges and Bills of Investing within the Fund

This desk describes the charges and bills that you could be pay should you purchase and maintain shares of the Fund.

 

 

Shareholder Charges (charges paid straight out of your funding)

 

Redemption Charge (as a proportion of the quantity redeemed inside ninety (90) days of buy)

1.00%

 

 

Annual Fund Working Bills (bills that you just pay every year as a proportion of the worth of your funding)

 

Administration Charge

0.50%

Distribution and/or Service (12b-1) Charges

NONE

Different Bills 

2.78%

Acquired Fund Charges and Bills

0.01%

Complete Annual Fund Working Bills (1)

3.29%

Charge Waiver and/or bills reimbursement (2)

(2.16)%

Complete Annual Fund Working Bills after Charge Waiver and/or Expense Reimbursement

1.13%

1 Acquired Fund Charges and Bills characterize the professional rata expense not directly incurred by the Fund because of investing in cash market funds or different funding firms which have their very own bills. The charges and bills are usually not used to calculate the Fund’s internet asset worth and don’t correlate to the ratio of Bills to Common Web Belongings discovered within the “Monetary Highlights” part of this Prospectus. The charges and bills mirror estimated acquired fund charges and bills that the Fund expects to bear within the present fiscal yr.

2 The Advisor contractually has agreed to waive its administration price and/or reimburse sure Fund working bills, however solely to the extent obligatory in order that the Fund’s whole working bills, excluding brokerage charges and commissions, any 12b-1 charges, borrowing prices (comparable to curiosity and dividend bills on securities offered brief), taxes, extraordinary bills and any oblique bills (comparable to Acquired Funds Charges and Bills), don’t exceed 0.98% of the Fund’s common each day internet property.  Pursuant to the Expense Limitation Settlement, if the Adviser so requests, any Fund Working Bills waived or reimbursed by the Adviser pursuant to the Settlement that had the impact of decreasing Fund Working Bills to 0.98% inside the newest three years previous to recoupment shall be repaid to the Adviser by the Fund; supplied, nevertheless, that such recoupment won’t trigger the Fund’s expense ratio, after recoupment has been taken under consideration, to exceed the lesser of the expense cap in impact on the time of the waiver or the expense cap in impact on the time of recoupment. The contractual settlement is in place by way of December 31, 2023.  The Administration Providers Settlement might, on sixty (60) days’ written discover, be terminated with respect to a Fund, at any time with out the fee of any penalty, by the Board of Trustees or by a vote of a majority of the excellent voting securities of the Fund, or by Administration. The Administration Providers Settlement shall robotically terminate within the occasion of its project.  The Expense Limitation Settlement might solely be terminated by the Board of Trustees on sixty (60) days’ written discover to Administration or upon the termination of the Administration Providers Settlement between the Belief and Advisor.

Instance:

This Instance is meant that can assist you evaluate the price of investing within the Archer Focus Fund with the price of investing in different mutual funds.

The Instance assumes that you just make investments $10,000 within the Fund for the time intervals indicated after which redeem all your shares on the finish of these intervals. The Instance additionally assumes that your funding has a 5%

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return every year and that the Fund’s working bills (giving impact to the expense limitation solely throughout the first three years) stay the identical. Though your precise prices could also be larger or decrease, based mostly on these assumptions your prices can be:

1 YEAR

3 YEARS

5 YEARS

10 YEARS

$115

$593

$1,327

$3,276

Portfolio Turnover

The Fund pays transaction prices, comparable to commissions, when it buys and sells securities (or “turns over” its portfolio). A better portfolio turnover price might point out larger transaction prices and will lead to larger taxes when Fund shares are held in a taxable account. These prices, which aren’t mirrored in annual fund working bills or within the instance, have an effect on the Fund’s efficiency. Throughout the newest fiscal yr, the Fund’s portfolio turnover price was 120.30% of the typical worth of its portfolio.

Principal Funding Methods of the Fund

The Archer Focus Fund is a “non-diversified” portfolio investing in fairness securities, primarily in frequent shares of home firms and ADRs of international firms, which can be chosen for his or her long-term progress potential. The Fund might put money into firms of any measurement. Beneath regular situations, the Fund will usually maintain a core place of fifty frequent shares, though the variety of securities held by the Fund might sometimes exceed this vary. In deciding on investments for the Fund, the funding adviser makes use of a “bottom-up” strategy to inventory choice. This strategy to investing refers to a range course of wherein the Fund’s funding adviser appears to be like at firms one by one to find out if an organization has a possible for long-term value appreciation.   The Fund might promote securities of an organization if the funding adviser determines that the present market value exceeds the worth of the corporate, different investments current higher potential for capital appreciation, or for different causes. Though a few of the Fund’s holdings might produce dividends, curiosity, or different earnings, present earnings shouldn’t be a consideration when deciding on the Fund’s investments. The Fund’s funding adviser employs a versatile funding type and seeks to benefit from alternatives as they come up.

Principal Dangers of Investing within the Fund

Your funding within the Fund shouldn’t be assured by any company or program of the U.S. authorities or by every other particular person or entity, and you would lose cash investing within the Fund. It’s best to contemplate your personal funding targets, time horizon and danger tolerance earlier than investing within the Fund. The principal dangers related to an funding within the Fund embrace the next:

Fairness Dangers. Inventory markets might be unstable. In different phrases, the costs of shares can rise or fall quickly in response to developments affecting a particular firm or business, or to altering financial, political or market situations. The Fund’s investments might decline in worth if the inventory markets carry out poorly. There may be additionally a danger that the Fund’s investments will under-perform both the securities markets typically or explicit segments of the securities markets.

Market Threat. Investments in fairness securities are topic to inherent market dangers and fluctuations in worth because of earnings, financial situations and different elements past the management of the Advisor. Because of this, the return and internet asset worth (“NAV”) of the Fund will fluctuate.

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3

Development Securities Threat. Securities of firms perceived to be “progress” firms could also be extra unstable than different shares and will contain particular dangers. The worth of a “progress” security could also be impacted if the corporate doesn’t notice its anticipated potential or if there’s a shift out there to favor different forms of securities.

Non-Diversification Threat. The Fund is classed as a “non-diversified” portfolio which implies it could maintain fewer securities than a diversified fund as a result of it could make investments a better proportion of its property in a smaller variety of securities.

Small Capitalization Threat. The Fund’s investments could also be in firms which have small or medium market capitalizations and will contain better dangers than are typically related to bigger, extra established firms. These firms are usually much less liquid and have better value volatility.

International Funding Threat. The Fund might make investments with out limitation in firms that commerce on U.S. exchanges as American Depositary Receipts or on international exchanges. Investments in international securities are topic to dangers of doable opposed political and financial developments overseas. International securities markets may additionally be much less liquid and extra unstable than U.S. markets.

Rising Markets Threat. International locations with rising markets might have comparatively unstable governments, social and authorized techniques that don’t defend shareholders, economies based mostly on just a few industries, and inefficient securities markets

Key Personnel Threat. If a number of key people turn into unavailable to the funding adviser, together with the Fund’s portfolio supervisor, who’s necessary to the administration of the Fund’s property, the Fund might undergo materials opposed results, together with substantial share redemptions that might require the Fund to promote portfolio securities at instances when markets are usually not favorable.

Cybersecurity Threat. Cybersecurity incidents might permit an unauthorized get together to achieve entry to fund property, buyer knowledge (together with personal shareholder info), or proprietary info, or trigger the fund, the supervisor, any subadviser and/or its service suppliers (together with, however not restricted to, fund accountants, custodians, sub-custodians, switch brokers and monetary intermediaries) to undergo knowledge breaches, knowledge corruption or lose operational performance.

Market Turbulence Ensuing from COVID-19.  The respiratory sickness COVID-19 attributable to a novel coronavirus has resulted in a world pandemic and main disruption to economies and markets world wide, together with the USA.  International monetary markets have skilled excessive volatility and extreme losses, and buying and selling in lots of devices has been disrupted.  Liquidity for a lot of devices has been drastically lowered for intervals of time.  Some rates of interest are very low and in some circumstances yields are adverse.  Some sectors of the financial system and particular person issuers have skilled significantly massive losses.  These circumstances might proceed for an prolonged time frame and will proceed to have an effect on adversely the worth and/or liquidity of the Fund’s investments.  The final word financial fallout from the pandemic, and the long-term influence on economies, markets, industries and particular person issuers, are usually not recognized.  Governments and central banks, together with the Federal Reserve within the U.S., have taken extraordinary and unprecedented actions to assist nationwide economies and the monetary markets.  These actions have resulted in vital enlargement of public debt, together with within the U.S.  The influence of those measures, and whether or not they are going to be efficient to mitigate the financial and market disruption, will not be recognized for a while.  The

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4

penalties of excessive public debt, together with its future influence on the financial system and securities markets, likewise will not be recognized for a while.

Efficiency

The next bar chart and tables under present some indication of the dangers of investing within the Fund by exhibiting modifications within the Fund’s efficiency from yr to yr and by exhibiting how the Fund’s common annual returns for 1, 5, and 10 years with these of a broad-based market index and a efficiency common of comparable mutual funds.

Bear in mind the Fund’s previous efficiency, earlier than and after taxes, when such is supplied shouldn’t be essentially a sign of how the Fund will carry out sooner or later.  Up to date efficiency info can be accessible by calling the Fund toll-free at 1-800-238-7701.

Archer Focus Fund

Calendar 12 months returns as of December 31, 2020

The calendar year-to-date return for the Fund as of September 30, 2021, was 9.92%.  In the course of the interval proven, the very best return for 1 / 4 was 16.70% (quarter ended June 30, 2020); and the bottom return was -21.89%% (quarter ended March 31, 2020).

AVERAGE ANNUAL TOTAL RETURNS

(for the intervals ended December 31, 2020)

The Focus Fund

1 12 months

Since Inception (12/30/2019)

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5

Return Earlier than Taxes

10.11%

10.44%

Return After Taxes on Distributions¹

9.79%

10.12%

Return After Taxes on Distributions and Sale of Fund Shares¹

5.95%

7.78%

Dow Jones Industrial Common (displays no deductions for charges, bills, or taxes)2

9.72%

9.96%

¹ After-tax returns are calculated utilizing the historic highest particular person federal marginal earnings tax charges and don’t mirror the influence of state and native taxes or the decrease price on long-term capital positive aspects when shares are held for greater than 12 months. Precise after-tax returns rely upon an investor’s tax state of affairs and will differ from these proven. After-tax returns proven are usually not related to buyers who maintain their Fund shares by way of tax-deferred preparations, comparable to 401(ok) plans or particular person retirement accounts.

2 The Dow Jones Industrial Common Index is a price-weighted common of 30 actively traded blue chip shares, primarily industrials. The 30 shares are chosen by the editors of the Wall Road Journal (which is printed by Dow Jones & Firm), a apply that dates again to the start of the nineteenth century. The Dow is computed utilizing a price-weighted indexing system, reasonably than the extra frequent market cap-weighted indexing system.

Administration of the Fund

Archer Funding Company serves because the Funding Advisor of the Fund.

Portfolio Managers

 

 

 

 

 

Funding Skilled Fund Title (if relevant)

 

Expertise with this Fund

 

Major Title with Funding Advisor

Troy C. Patton, CPA/ABV

 

Because the Fund’s inception in 2019

 

President

Steven Demas

 

Because the Fund’s inception in 2019

 

Senior Vice President

John Rosebrough, CFA

 

Because the Fund’s inception in 2019

 

Senior Vice President

Buy and Sale of Funds Shares

You could buy or promote shares of the Funds on any day the Funds are open for enterprise by contacting your monetary middleman or different monetary establishment, or by contacting the Funds by phone or by mail as set forth within the desk under or by wire switch. The minimal preliminary funding in a Fund is $2,500 ($250 for computerized funding plan individuals) and minimal subsequent investments are $100.

By Mail (or In a single day):

By Wire: 1-800-494-2755

Archer Focus Fund

c/o Mutual Shareholder Providers, LLC

8000 City Heart Drive, Suite 400

Broadview Heights, OH 44148

 

Tax Data

The Fund intends to make distributions to its shareholders on an annual foundation to the extent that it has earnings or positive aspects to distribute. Distributions could also be taxed to shareholders as abnormal earnings or capital positive aspects until you might be investing by way of a tax-deferred association, comparable to 401(ok) plans or a person retirement account. Such tax-deferred preparations are taxed later upon withdrawal of monies from these preparations.

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6

Funds to Dealer-Sellers and Different Monetary Intermediaries

If you buy the Fund by way of a broker-dealer or different monetary middleman (comparable to a financial institution), the Fund might pay the middleman from the Fund’s property, or the funding adviser and/or the Fund’s distributor might pay the middleman out of their very own funds and never as an expense of the Fund, for the sale of Fund shares and associated companies. These funds might create a battle of curiosity by influencing the broker-dealer or different monetary middleman to advocate the Fund over one other funding. Seek the advice of along with your monetary middleman or go to their web site for extra info.

For necessary details about the acquisition and sale of fund shares, tax info and monetary middleman compensation, please seek advice from “Shareholder Data” discovered on web page 81 of this Prospectus.

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