IVA Funds

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher.  Returns shown are net of fees and expenses and assume reinvestment of dividends and other income.  The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month-end, please call 1-866-941-4482.  The recent growth rate in the stock market has helped produce short-term returns that are not typical and may not continue in the future.  Because of the ongoing market volatility, fund performance may be subject to substantial short-term changes.

Maximum sales charge for the A shares is 5.00%. C shares include a 1% CDSC Fee for the first year only. As of the most recent prospectus, the Gross and Net Expense ratios for the fund are as follows: IVA Worldwide Fund: 1.34% (A shares), 2.10% (C Shares), and 1.11% (I shares); IVA International Fund: 1.46% gross/1.40% net (A Shares); 2.37%/2.15% (C Shares); 1.20%/1.15% (I Shares). The Net Expense Ratio reflects contractual waivers in effect from October 1, 2008 through January 31, 2011.

There are risks associated with investing in funds that invest in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value. An investor should consider the fund's investment objectives, risks, and charges and expenses carefully before investing or sending any money. This and other important information about the investment company can be found in the Fund's prospectus. To obtain a prospectus, call 1-866-941-4482 or visit www.ivafunds.com. Please read the prospectus carefully before investing. The IVA Funds are offered by IVA Funds Distributors, LLC.