Monthly Performance
Quarterly Performance
As of 6/30/2018MonthYTD1 Year3 Year15 Year1Since Inception1,2

Aspiriant Defensive Allocation Fund (RMDFX)

-0.66%-1.30%3.06%N/AN/A3.65%

HFRI Fund of Funds Composite Index

-0.21%1.15%5.62%N/AN/A3.45%
As of 6/30/2018QuarterlyYTD1 Year3 Year15 Year1Since Inception1,2

Aspiriant Defensive Allocation Fund (RMDFX)

-1.30%-1.30%3.06%N/AN/A3.65%

HFRI Fund of Funds Composite Index

0.88%1.15%5.62%N/AN/A3.45%

1 Annualized.
2 Fund inception date 12/14/2015.

The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end, please call 1.877.997.9971.

The gross expense ratio is 1.15%.*

The HFRI Fund of Funds Composite Index is an uninvestable, unmanaged index that is an equal weighted index of over 650 constituent hedge fund of funds that invest over a broad range of strategies.

* Effective 7/1/2018


Please consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus that contains this and other information about the Fund is available by calling 1.877.997.9971 and should be read carefully prior to investing.

An investment in the Fund is subject to risks and you could lose money on your investment in the Fund. There is no guarantee that the Fund will achieve its investment objective. The cost of investing in a fund of funds may be higher than other mutual funds as the Fund will bear not only its own direct expenses but also a portion of expenses of the underlying funds. The Fund’s performance is tied to the performance of the underlying funds which means that if one or more of the underlying funds fails to meet its objective then the performance of the Fund may be adversely impacted.

The Fund’s asset allocation percentages are made across a broad range of investment strategies which may expose investors to increased risks. This may include investing significant portions of assets in certain asset classes and industries within certain economic sectors which may be unfavorably affected by the same political, economic or market events. The Fund may invest in illiquid securities, which may or may not be sold or disposed of in the ordinary course of business.

As a result of its investments in underlying funds, the Fund is exposed to the principal risks of underlying funds. These risks include alternative strategies, asset-backed and mortgage-backed securities, call, commodity, counterparty, covered calls and equity collars, credit, defaulted securities, derivatives, emerging markets, extension, floating rate loan, foreign securities and currencies, high yield securities, income, interest rate, inverse floaters, large shareholder, leverage, preferred securities, prepayment, REIT and real estate, restricted securities, sector, short sale, small and mid-cap company and zero coupon bond risks. Further information about these and other risks may be found in the prospectus.  

Aspiriant Defensive Allocation Fund is distributed by UMB Distribution Services, LLC

Quick Facts

Ticker Symbol

RMDFX

CUSIP

04537J201

Inception Date

12/14/2015

Fund Assets

$1.2 Billion
(as of 6/30/2018)

Number of Holdings

9 (as of 6/30/2018)

Dividends

Distributed Annually