Aspiriant Risk-Managed Taxable Bond Fund

Investment Objective

The Aspiriant Risk-Managed Taxable Bond Fund (the “Fund”) seeks to maximize long-term total return.

Strategies

The Fund is a “fund-of-funds” that invests primarily in underlying funds (the “Underlying Funds”) and may, to a limited extent, invest in separately managed accounts (“SMAs”), which are private portfolios of securities for individual accounts. To achieve its investment objective, under normal market conditions, the Fund invests through Underlying Funds and SMAs at least 80% of its net assets (plus the amount of borrowings for investment purposes) in bonds and other fixed income securities.

The Fund intends to allocate its assets to Underlying Funds and SMAs that primarily invest in various types of bonds and other securities, typically government and agency bonds, corporate bonds, notes, municipal securities, mortgage-related and asset-backed securities, collateralized debt obligations, zero coupon bonds, bank loans, money market instruments, repurchase agreements, swaps, futures, options, credit default swaps, private placements and restricted securities. These investments may have interest rates that are fixed, variable or floating. The Underlying Funds and SMAs may invest in the U.S. and abroad, including international and emerging markets, and may purchase securities of any credit rating and varying maturities issued by domestic and foreign corporations, entities and governments.


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. The Fund is subject to interest rate risk and credit risk. As interest rates rise, bond prices generally fall. Credit risk arises from an issuer’s ability to make interest and principal payments when due, as well as the prices of bonds declining when an issuer’s credit quality is expected to deteriorate.

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 use of derivatives involves substantial financial risks and transaction costs. Certain derivatives may be illiquid. The use of leverage and derivatives including futures, forwards, options and swaps could magnify the potential for losses to the Fund.  These losses could exceed the amount originally invested.

Investments in securities of non-U.S. issuers or U.S. issuers with significant non-U.S. operations may present additional risks due to currency fluctuations, economic and political factors, government regulations, differences in accounting standards, reduced liquidity and other factors.

These and other risk considerations, such as asset and mortgage-backed securities, asset allocation, call, extension, floating rate loan, illiquidity, income, inflation index bond, political and economic, preferred securities, prepayment, restricted securities, sector and zero coupon bond risks, are described in detail in the Fund’s prospectus.

Aspiriant Risk-Managed Taxable Bond Fund is distributed by UMB Distribution Services, LLC

 

Quick Facts

Ticker Symbol

RMTBX

CUSIP

04537J300

Inception Date

3/29/2018

Fund Assets

$87.1 Million
(as of 5/31/2018)

Number of Holdings

N/A

Dividends

Distributed Quarterly