Caldwell & Orkin – Gator Capital Long/Short Fund Returns

FEES AND EXPENSES

Ticker COAGX
CUSIP 128819307
Minimum Initial Investment $25,000
Management Fee 1.00%
Gross Expense Ratio 2.54%

Period and average annual total returns

RETURNS AT NAV (Without Sales Charge)1 3 Months YTD 1 YR 3 YR 5 YR 10 YR
Caldwell & Orkin – Gator Capital Long/Short Fund 1.82% 19.51% -1.03% -0.15% -0.08% 0.93%
Benchmark
S&P 500 Index 1.70% 20.55% 4.25% 13.40% 10.84% 13.24%
Eurekahedge Long Short Equities Hedge Fund Index -0.66% 6.13% -0.99% 4.30% 3.99% 5.46%
1Returns greater than one year are annualized

Calendar Year Returns (%)

  2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Caldwell & Orkin – Gator Capital Long/Short Fund 19.51% -15.53% 0.93% -10.17% 5.11% 6.82% 3.46% 9.83% -0.66% -1.01% -3.39%
S&P 500 20.55% -4.38% 21.83% 11.96% 1.38% 13.69% 32.39% 16.00% 2.11% 15.06% 26.46%
Eurekahedge Long Short Equities Hedge Fund Index 6.13% -6.29% 12.90% 3.90% 3.54% 3.91% 16.29% 8.56% -5.84% 10.79% 25.89%

The performance data quoted represents past performance; past performance does not guarantee future results.  The 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.  The Fund’s current performance may be lower or higher than the performance data quoted.  Investors may obtain performance information current to the most recent month end at 1-800-467-7903.

Investing involves risk, including loss of principal.  The Fund uses aggressive investment strategies (including short positions and options) that have the potential for yielding high returns; however, these strategies may also result in losses.  Stocks sold short have unlimited risk.  Investment return and principal value will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost.  Options are not suitable for all investors.

The Fund is distributed by Ultimus Fund Distributors, LLC.

Definitions and Data Notes:
Eurekahedge Long Short Equities Hedge Fund Index: An equally weighted index of 966 constituent funds. The index is designed to provide a broad measure of the performance of underlying hedge fund managers. The index is base weighted at 100 at Dec 1999, does not contain duplicate funds and is denominated in local currencies.
S&P 500 Total Return Index: An unmanaged index of U.S. stocks. Its performance fights reflect total return, but do not reflect any fees or expenses. You many not invest directly in an index.
Standard Deviation: A statistical measure of the volatility of the fund’s returns. The larger the standard deviation is, the greater the volatility of return.

PORTFOLIO STATISTICS

AS OF SEPTEMBER 30, 2019
Inception August 24, 1992
Total Net Assets $21,480,394
Number of Long Holdings 65
Number of Short Holdings 46