The Gavekal KL Allocation Fund is a tactical allocation-style mutual fund that may help investors improve portfolio performance, portfolio efficiency and downside protection.
The fund strives to identify and invest primarily in Knowledge Leaders, a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism.
Gavekal Capital, LLC, the fund’s advisor, strives to identify the world’s leading knowledge companies by employing an investment process that incorporates measurements of corporate knowledge investments. The advisor seeks to identify high-quality growth companies demonstrating superior operating performance. By analyzing knowledge spending, the advisor aims to uncover attractive long-term opportunities.
On March 31, 2015, the Fund’s name changed from Gavekal Knowledge Leaders Fund, to the Gavekal KL Allocation Fund. The investment objective and principal investment strategies have also changed. Further information regarding these matters is provided in the Fund’s revised Summary Prospectus, Prospectus and Statement of Additional Information dated March 31, 2015.
Many of the risks with respect to foreign investments are more pronounced for investments in issuers in developing or emerging market countries. An investment in a fund that is less diversified across countries or geographic regions is generally riskier than an investment in a more geographically diversified fund..
© 2015 Gavekal KL Allocation Fund. All rights reserved.
The Gavekal KL Allocation Fund is distributed by IMST Distributors, LLC.
Please consider the Fund’s investment objectives, risks, charges and expenses before investing. The prospectus or summary prospectus that contains this and other information about the Fund, is available by calling 888.998.9890 and should be read carefully.
The value of the securities held by the Fund will change due to general market and economic conditions and industry perceptions. Investments in non-US issuers may involve unique risks. Currency fluctuation, adverse political, economic or social developments could undermine the value of the Fund’s investments. The securities of mid-cap companies may be subject to more abrupt or erratic market movements and may have lower trading volumes.
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