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Did the Advisor class of Whitebox Tactical Opportunities go away?

Heathbob
edited February 2014 in Fund Discussions
WBMRX has not priced today on my account today and is no longer identifies by its ticker. Did I miss something?

Comments

  • CharlesCharles
    edited February 2014
    Ha! I think it is gone...will check more tomorrow, but not showing up in prospectus, dated 31 Jan 2014:

    http://www.whiteboxmutualfunds.com/docs/lit/tactical/Whitebox_Prospectus2.pdf
  • CharlesCharles
    Hey, I also think they have dumped front-load. A very good thing, if true.
  • CharlesCharles
    edited February 2014
    Per prospectus:
    Advisor Class Shares are no longer being offered. Outstanding Advisor Class Shares were converted to Investor Class Shares on January 31, 2014.
  • CharlesCharles
    edited February 2014
    This is really good news actually.

    Minimize share classes.

    Eliminate loads.

    Bravo!

    Now, best if WB Mutual Funds offers just single share class with minimum possible er.

    But these are couple big steps in right direction for this promising shop.

    Along with performance of WBMIX, again, some good news this New Year.
  • Heathbob
    That is good, however, it appears that Fidelity is now only offering the institutional class with a hefty minimum investment and a transaction fee. It appears to still be in limbo in my account.
  • scott
    I was put into investor shares.
  • TSP_TransferTSP_Transfer
    edited February 2014
    Same here @ T D with a $200.00 subsequent investment minimum.

    WHITEBOX TACTICAL OPPORTUNITIES INVESTOR-LOAD WAIVED
    Fund symbol: WBMAX

    Initial IRA Minimum Amount: 1,000.00


    IRA Subsequent Amounts: 200.00
  • CharlesCharles
    fyi...

    image
  • scott
    Somewhat interesting neither here-nor-there Whitebox note - there was a discussion under a couple of articles on Whitebox regarding their owning grain silos at one point. Those assets were sold a few years ago to Canadian co Ceres Global Ag (CERGF.PK). Jacob Mercer of Whitebox is on the board of Ceres. The Riverland Holdings arm of Ceres was previously called "Whitebox Commodities Holdings Corp."



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