The following bar chart and table below provide some indication of the risks of investing in Class 1 shares of the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns compare with those of a broad-based securities market index and the supplemental indexes. Past performance does not necessarily indicate how the Fund will perform in the future. Updated performance information is available at no cost by visiting www.donoghueforlinesfunds.com or by calling 1-877-779-7462.
Donoghue Forlines LLC became the Fund’s Adviser on March 1, 2017. Effective with the change in Adviser, the Fund’s investment objective, investment strategy and benchmark index changed. The pre-March 1, 2017 performance results in the following charts do not reflect the Fund’s current strategy.
| Best Quarter: | Fourth Quarter 2020 | 16.20% |
| Worst Quarter: | First Quarter 2020 | (23.14)% |
| One Year |
Five Years |
Ten Years |
Since Inception (5/1/2007) | |
| Class 1 Return before taxes | 17.19% | 8.72% | 3.46% | 4.03% |
| Syntax US LargeCap 500 Total Return Index(1)(2) (reflects no deduction for fees, expenses, or taxes) |
18.17% | 14.11% | 15.02% | 10.84% |
| Syntax US Net Value Index(3) | 16.76% | 13.91% | 11.79% | 8.41% |
| (1) | Unlike mutual fund’s return, index returns do not reflect any trading costs, management fee expenses or other fees. An investor cannot invest directly in an index. |
| (2) | The Syntax US LargeCap 500 Index float market cap-weights the 500 largest public US companies as ranked by their float market caps, subject to rank buffers and liquidity screens. |
| (3) | The Syntax US Net Value Index weights by score-modified float market cap the top 500 stocks in the Syntax US 1000 Index (SY1000) as ranked by their Syntax Net Value Scores, which subtract the stock’s Syntax Pure Growth Score from its Syntax Pure Value Score in order to measure the emphasis on value over growth characteristics. |
The following bar chart and table below provide some indication of the risks of investing in Class 1 shares of the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns compare with those of a broad-based securities market index and a supplemental index. Past performance does not necessarily indicate how the Fund will perform in the future. Updated performance information is available at no cost by visiting www.donoghueforlinesfunds.com or by calling 1-877-779-7462.
Donoghue Forlines LLC became the Adviser on March 1, 2017. Effective with the change in adviser, the Fund’s investment objective, investment strategy and benchmark index changed. The pre-March 1, 2017 performance results in the following charts do not reflect the Fund’s current strategy.
| Best Quarter: | First Quarter 2024 | 18.21% |
| Worst Quarter: | First Quarter 2020 | (25.51)% |
| One Year |
Five Years |
Ten Years |
Since Inception (May 1, 2007) | |
| Class 1 shares | 23.52% | 12.83% | 9.23% | 7.20% |
| Syntax US LargeCap 500 Total Return Index(1)(2) (reflects no deduction for fees, expenses, or taxes) |
18.17% | 14.11% | 15.02% | 10.84% |
| (1) | Unlike mutual fund’s return, index returns do not reflect any trading costs, management fee expenses or other fees. An investor cannot invest directly in an index. |
| (2) | The Syntax US LargeCap 500 Index float market cap-weights the 500 largest public US companies as ranked by their float market caps, subject to rank buffers and liquidity screens. |