Search
× Search

 

 

Mission-Auour Risk-Managed Global Equity Fund

Tickers

Class A Shares: OURAX

Investor Class Shares: OURLX

Institutional Class Shares: OURIX

Class Z Shares: OURZX
 

Investment Objective

The Mission-Auour Risk-Managed Global Equity Fund (“the Fund”) seeks long term capital appreciation through exposure to global equity markets.
 

Why Invest?

The Fund provides investors with the potential to:

  • Help grow their assets by participating in rising markets, while helping to manage risk in advance of large market downturns  
  • Have their investment managed via the Auour Regime Model (ARM), a proprietary risk detection algorithm that uses factors such as market momentum, credit market behavior, interaction of world markets, and valuation factors to seek the predictive ability to detect downturns

Investment philosophy: Regime-based investing.

We believe the days of static asset allocations should be coming to a close. Likewise for a single investment style working in all environments. Instead, we think that today’s forward-thinking investment managers and investors need to detect changing market conditions, then act with foresight rather than “rush-for-the-door” hindsight. 

That’s why our managers for the Mission-Auour Risk-Managed Global Equity Fund use a proprietary, multi-factor investment model to analytically characterize markets across a spectrum of risk. Developed by Auour Investments, it’s called the Auour Regime Model (ARM), and it enables us to:

  • Use fundamental global market data to gain insight into risks in various asset classes around the world
  • Navigate market dynamics by adjusting asset allocations to better match the expected risk cycle
  • Use this dynamic adjustment of assets to seek to avoid losses in market downturns, while potentially preserving performance in rising markets

(Note from the fund managers: In ARM, the word “Regime” is used according to its definition as a planned or systematized way of doing things—as in “a health regime”-as opposed to its other authoritarian, governmental meaning.)

Seeing risks ahead: Key variables.

With the Auour Regime Model, we use sophisticated quantitative modeling, logic, and empirical data to form our downside portfolio protection strategies. In doing so, we consider these key variables:

Fine-tuning: Focus on characteristics that work within the regime

We use five risk regimes that range from an aggressive posture during periods of economic recovery to a risk-off designation that is recommended for periods of financial crisis such as the banking crisis of 2008. Here’s what we mean by “investing to the regime”:
 

  Risk Off Conservative Moderate Growth Aggressive
Economic Characterization Banking Crisis
(no place to hide)
Economic Contraction Maturing Economic Cycle

Broad Based 
Economic Growth

Economic Recovery
Economic Stability Cash Only Developed Markets More Developed Markets ←–––––––→ More Emerging Markets
Asset Size Cash Defensive Large
Company Exposure
More Large Company Exposure ←–––––––→ More Small Company Exposure
Global Exposure Cash Primarily U.S. More U.S. ←–––––––→ More International
Investment Style Cash High Quality Growth Focused ←–––––––→ Value Focused
           
 

Investment Team: Experience and versatility

The three portfolio managers were all founders of Auour Investments in 2013. They have honed their skills with extensive experience as institutional asset managers at large, established firms managing assets with a combined value exceeding $8 billion.
 


“Preserving wealth in times of market volatility is more than just holding a diversified portfolio-it’s about a concerted downside protection strategy.”
  

Kenneth J. Doerr

Managing Principal
     
  • Brings 25 years of experience, including successfully managing funds with both growth and value mandates, long/short hedge funds, long-only portfolios, quantitative research, and risk modeling
  • Co-founded Auour Investments, prior to which he was a Senior Portfolio Manager Mid/SMid-Cap Growth and Head of Quantitative Research for Evergreen Investments Fundamental Equity Group
  • Served as Founding Partner and Chief Investment Officer at Trilene Endeavor Partners, Portfolio Manager at 2100 Capital Group (a subsidiary of Marsh & McLennan), Senior Vice President and Portfolio Manager at Putnam Investments, and a member of the portfolio team at Equinox Capital Management
  • Received M.S. in Electrical Engineering from Brown University and a B.E. in Electrical Engineering from Cooper Union

“Our job is to bring the rational processes and investment rigor used in institutional money management to the individual investor setting.”

 

Joseph B. Hosler, CFA

Managing Principal
     

  • Possesses 23 years of investment experience serving the needs of large institutional clients
  • Served in portfolio management and investment analysis capacities, predominantly focused on domestic and international public companies
  • Co-founded Auour Investments, prior to which he led investment activities within various sectors at Pioneer, Babson Capital, Putnam Investments, and Independence Investment Associates (IIA)
  • Drove effort at IIA to design, develop and launch one of the first quantitatively driven tax efficient investment approaches focused on individuals and taxable organizations
  • Holds an MBA from The Darden School of the University of Virginia, and a B.S. and M.S. in Mechanical Engineering from Boston University

“We quantitatively assess the markets’ risk regime to optimize the asset allocation process, and use cost-efficient, readily-available ETFs as our investment vehicle of choice.”

 

Robert Z. Kuftinec

Managing Principal
     

  • Possesses 24 years of experience in corporate finance, having worked in both investment banking and private equity
  • Served at Auour Investments since 2013, prior to which he was a Managing Director at TransOcean Capital, where he was responsible for significant foreign equity and real estate investments in the U.S.
  • Also served as a Managing Director at Overture Capital Partners, a private equity investment firm focused on the middle market; and a Managing Director at Shields & Company, a Boston-based investment bank
  • Earned his MBA from The Darden School at the University of Virginia, and his undergraduate degree from Babson College

 

Fund resources: Where to find more information

To learn more, please download the following:

Prospectus
Summary Prospectus
Additional Information 
XBRL Data File
Fact Sheet
 

How to Invest: What you need to know

You may purchase, redeem or exchange shares of the Fund on days when the New York Stock Exchange is open for regular trading through a financial advisor, by mail (Mission-Auour Risk-Managed Global Equity Fund, Commonwealth Fund Services, Inc. (“CFS”), 8730 Stony Point Parkway, Suite 205, Richmond, Virginia 23235,), by wire, or by calling toll free at 1-800-673-0550. Purchases and redemptions by telephone are only permitted if you previously established this option on your account. The minimum initial purchase or exchange into the Fund is $1,000 for Investor Class Shares and Class A Shares, $100,000 for Institutional Class Shares, and $10,000,000 for Class Z Shares. Subsequent investments must be in amounts of $100 for all share classes. The Fund may waive minimums for purchases or exchanges through employer-sponsored retirement plans.

Mission Auour IRA Transfer Letter
Mission Auour Risk Managed Global Equity Fund Application
Mission Auour Risk Managed Global Equity Fund Coverdell-ESA Application
Mission Auour ROTH IRA Application
Mission Auour Traditional - SEP IRA Application

 
 
 

Please read and carefully consider the prospectus before investing. Distributed by First Dominion Capital Corp., Richmond, VA. Member FINRA/SIPC.
 

Principal risks: Identifying what may impact returns.

It’s important to review and understand the risks of investing in the Mission-Auour Risk-Managed Global Equity Fund. The Fund’s net asset value (NAV) and investment return will fluctuate based upon changes in the value of its portfolio securities. You could lose money on your investment in the Fund, and the Fund could underperform other investments. There is no guarantee that the Fund will meet its investment objective. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s risks include but are not limited to:
 

  • Equity Risk. To the extent the Fund invests directly in equity securities or in ETFs that invest in equity securities, the Fund is subject to the risk that stock prices will decline over short or extended periods of time. Historically, the equity markets have moved in cycles, and the value of the Fund’s equity securities may fluctuate drastically from day to day.
  • Dividend-Paying Securities Risk. Investing in dividend-paying securities subjects the Fund to certain risks. The company issuing such securities may fail and have to decrease or eliminate its dividend. In such an event, the Fund may not only lose the dividend payout, but the stock price of the company may fall.
  • Fixed Income Securities Risk. Investing in fixed income securities subjects the Fund to interest rate risk and credit risk. Interest rate risk is the risk that an increase in interest rates could cause the prices of the Fund’s investments in fixed income securities to decline. Credit risk is the risk that the issuer of bonds may not be able to meet interest or principal payments when the bonds become due.
  • Investment Model Risk. Like all quantitatively-based investment processes, the Mission-Auour investment model carries a risk that the mathematical model might be based on one or more incorrect assumptions. Rapidly changing and unforeseen market dynamics could also lead to a decrease in the effectiveness of the model. No assurance can be given that the Fund will be successful under all or any market conditions.
  • Management Risk. The Mission-Auour team’s reliance on its strategy and judgments about the attractiveness, value, and potential appreciation of the particular securities and the tactical allocation among the Fund’s investments may prove to be incorrect and may not produce the desired results.
     

Investors should consider the investment objectives, potential risks, management fees and charges and expenses carefully before investing. This and other information is contained in the Fund’s prospectus, which may be obtained by calling 1-800-673-0550. Please read and carefully consider the prospectus before investing. Distributed by First Dominion Capital Corp., Richmond, VA. Member FINRA/SIPC.

  

About | Mutual Funds | Insights | In the News | Contact
5956 Sherry Lane, Suite 1000, Dallas, TX  75225
Disclosures

Check the background of this firm on FINRA'S BrokerCheck

Terms Of UsePrivacy StatementCopyright 2018 by Mission Funds
Back To Top