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Carne Hedged Equity Fund is liquidating

TheShadowTheShadow
in Fund Discussions
http://www.sec.gov/Archives/edgar/data/315774/000143510915000983/carne_497e.htm

497 1 carne_497e.htm CARNE 497E
CARNE HEDGED EQUITY FUND (the “Fund”)


Supplement dated October 30, 2015 to the Prospectus and the Statement of Additional Information (“SAI”) dated March 1, 2015

Due to economic and other factors adversely affecting the ability of the Fund to pursue its investment objective, including a recent large redemption and anticipated future redemptions, the Fund’s portfolio is being converted to cash. As a result, the Fund will no longer pursue its investment objective and is no longer accepting purchase orders for Fund shares.

* * *

For more information, please contact a Fund customer service representative toll free at (877) 356-9055.

PLEASE RETAIN FOR FUTURE REFERENCE.

Comments

  • David_Snowball
    Hmmmm ... down 24% in four days. They report "a large redemption" but that's still an awfully challenging stat is generate.
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