Monthly Performance
Quarterly Performance
As of 8/31/2017MonthYTD1 Year3 Year15 Year1Since Inception1,2

Aspiriant Defensive Allocation Fund (RMDFX)

0.28%6.38%6.97%N/AN/A4.55%

HFRI Fund of Funds Composite Index

1.20%5.51%6.78%N/AN/A3.18%
As of 6/30/2017QuarterlyYTD1 Year3 Year15 Year1Since Inception1,2

Aspiriant Defensive Allocation Fund (RMDFX)

1.84%4.79%6.95%N/AN/A4.04%

HFRI Fund of Funds Composite Index

0.20%2.59%5.85%N/AN/A1.67%

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 1.19%.*

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 7/1/2017


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 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 economic or market events. 

The Fund may invest in derivatives which can be highly volatile, illiquid, and difficult to value.  The use of derivatives and leverage could accelerate losses to the Fund.  Losses may be substantially greater than the original amount invested. There is also a possibility that derivatives may not perform as intended which can reduce the opportunity for gain or result in losses by offsetting positive returns in other securities the Fund owns.  

The Fund is exposed to the principal risks of the underlying funds in which it invests.   These risks include alternative strategies risk, commodity risk, counterparty risk, credit risk, derivatives risk, floating rate loss risk, foreign securities and currencies risk, liquidity risk, market risk, REIT and real estate risk, short sale risk, and small and mid-cap company risk.  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

NAV

NA

Inception Date

12/14/2015

Fund Assets

$892.8 Million
(as of 8/31/2017)

Number of Holdings

11 (as of 6/30/2017)

Dividends

Distributed Annually