Mutual Fund investing involves risk including the possible loss of principal value. The Fund’s investment activities involve a significant degree of risk and material losses may occur. The Fund may invest in derivatives, (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Exposure to commodities markets and commodity-linked derivatives may subject the Fund to greater volatility affected by industry-related factors, value, supply and demand, governmental policies, weather, economic and political factors To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select Sub-Advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Derivatives are subject to the risk of changes in the market price of the underlying securities, credit risk with respect to the counterparty to the derivative instruments and the risk of loss due to changes in interest rates. The use of certain derivatives may also have a leveraging effect which may increase the volatility of the Fund and may reduce its returns. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise. The Fund invests in the securities of foreign and emerging markets which are subject to currency fluctuation, political instability, social and economic risks. In particular, emerging and frontier markets may be more volatile and less liquid than more developed markets and therefore may involve greater risks. In order to qualify as a Registered Investment Company (RIC), the Fund must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. If the Fund was to fail to qualify as a RIC and became subject to federal income tax or if there were changes in the laws of the United States and/or the Cayman Islands, this could adversely affect the Fund and shareholders of the Fund would be subject to diminished returns. Please refer to the prospectus and SAI for more information on tax risks. Fixed income securities that the fund may invest are subject to credit risk, prepayment risk and interest rate risk so that as interest rates rise the value of bond prices will decline. The Fund is non-diversified which means it may be invested in a limited number of issuers and susceptible to any economic, political and regulatory events than a more diversified fund.
Mutual Fund investing involves risk including the possible loss of principal value. The Fund’s investment activities involve a significant degree of risk and material losses may occur. The Fund may invest in derivatives, (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Exposure to commodities markets and commodity-linked derivatives may subject the Fund to greater volatility affected by industry-related factors, value, supply and demand, governmental policies, weather, economic and political factors To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select Sub-Advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Mutual Fund investing involves risk including the possible loss of principal value. The Fund’s investment activities involve a significant degree of risk and material losses may occur. The Fund may invest in derivatives, (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Exposure to commodities markets and commodity-linked derivatives may subject the Fund to greater volatility affected by industry-related factors, value, supply and demand, governmental policies, weather, economic and political factors To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select Sub-Advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Mutual Fund investing involves risk including the possible loss of principal value. The Fund’s investment activities involve a significant degree of risk and material losses may occur. The Fund may invest in derivatives, (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Exposure to commodities markets and commodity-linked derivatives may subject the Fund to greater volatility affected by industry-related factors, value, supply and demand, governmental policies, weather, economic and political factors To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select Sub-Advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Mutual Fund investing involves risk including the possible loss of principal value. The Fund’s investment activities involve a significant degree of risk and material losses may occur. The Fund may invest in derivatives, (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Exposure to commodities markets and commodity-linked derivatives may subject the Fund to greater volatility affected by industry-related factors, value, supply and demand, governmental policies, weather, economic and political factors To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select Sub-Advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Mutual Fund investing involves risk including the possible loss of principal value. The Fund’s investment activities involve a significant degree of risk and material losses may occur. The Fund may invest in derivatives, (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Exposure to commodities markets and commodity-linked derivatives may subject the Fund to greater volatility affected by industry-related factors, value, supply and demand, governmental policies, weather, economic and political factors To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select Sub-Advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Mutual Fund investing involves risk including the possible loss of principal value. The Fund’s investment activities involve a significant degree of risk and material losses may occur. The Fund may invest in derivatives, (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Exposure to commodities markets and commodity-linked derivatives may subject the Fund to greater volatility affected by industry-related factors, value, supply and demand, governmental policies, weather, economic and political factors To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select Sub-Advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Derivatives may be more sensitive to changes in market conditions and may amplify risks.
About the
Multi Asset Fund
The Abbey Capital Multi Asset Fund (the "Fund") combines an allocation to a multi-manager managed futures strategy with a managed long US equity strategy. The remaining cash is invested in a short-dated fixed income strategy.
Multi-manager Managed Futures strategy
As equities have come under pressure in 2020 due to the spread of COVID-19, investor focus has again returned to examining which assets and strategies can deliver diversification in.
Managed long US Equity strategy
Returns for gold have been stronger since the aggressive intervention from the Federal Reserve (“Fed”) on March 23rd 2020 which has produced a decline in bond yields
Fixed Income strategy
it sold off in October 2008 during the height of the market stress, as investors liquidated assets to raise cash. Returns for gold have been stronger since.
Reasons to Invest
Potential to benefit from the low correlation between managed futures and equities
Combining these two historically uncorrelated assets has the potential to deliver a higher risk-adjusted return than either of the two components on a standalone basis*
Capital Efficiency
The Fund will execute both the long US equity strategy and the managed futures strategy using futures for efficient use of cash, effectively generating leverage in the product
Help to Control Behavioural Biases
Structuring this strategy in a single portfolio can help investors focus on the portfolio performance rather than the individual components
Other Products
Other Products
Futures strategies have exhibited a different return profile. Short-term traders generated positive performance in January
Learn MoreOne of the features of managed futures is that managers have the ability to size positions in relation.
Learn MoreLet’s talk
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Non-Predecessor Fund performance would have been lower without fee waivers in effect. The Total Expense Ratio for Class I is 2.45%. The Net Expense Ratio for Class I is 1.79%. The Adviser has contractually agreed to waive and/or reimburse certain fees and expenses until 31 December 2021. In addition, the Adviser may recoup certain amounts for the first three years if it does not cause the fund to exceed expense limitations. The Fund commenced operations as a series of The RBB Fund, Inc. on 11 April 2018, when all of the assets of Abbey Global LP (the “Predecessor Fund”) transferred to Class I Shares of the Fund. The Fund’s objectives, policies, guidelines and restrictions are in all material respects equivalent to the Predecessor Fund. The Predecessor Fund was not registered under the Investment Company Act of 1940, as amended (“1940 Act”), and thus was not subject to certain investment and operational restrictions that are imposed by the 1940 Act. If the Predecessor Fund had been registered under the 1940 Act, its performance may have been adversely affected. Accordingly, future Fund performance may be different than the Predecessor Fund’s past performance. After-tax performance returns are not included for the Predecessor Fund. Performance of the Predecessor Fund is not an indicator of future Fund results. Abbey Global LP was launched on 14 May 2002. From May 2002 until April 2014 Abbey Global LP invested approximately 100% of its assets in a passively managed portfolio participating in the U.S and international equity market and approximately 50% of its assets in a private placement fund managed by Abbey Capital. From April 2014 to April 2018, Abbey Global LP invested approximately 50% of its assets in a passively managed portfolio participating in the U.S. equity market and approximately 50% of its assets in a private placement fund managed by Abbey Capital Limited. The performance from April 2014 represents proprietary performance as the only investors for that period were Abbey Capital Limited and its officers. The Fund may invest in derivatives (futures, options, swaps) and commodities. Investing in managed futures may not be suitable for all investors given its speculative nature and the high level of risk involved. The Fund is appropriate only for investors who can understand and bear the risks associated with product. Click here for further risk considerations. Investors should consider the investment objectives, risks, charges and expenses of the Abbey Capital Multi Asset Fund carefully before investing. A prospectus with this and other information about the fund including returns current to most recent month-end may be obtained by calling (US Toll Free) 1-844-261-6484, international callers call + 1-414-203-9540, or by clicking here. The prospectus should be read carefully before investing. The Abbey Capital Multi Asset Fund is distributed by Quasar Distributors, LLC. Correlation Correlation is a statistical measure which quantifies the extent to which two assets, or securities, move in relation to each other. The correlation coefficient between two assets can vary from between -1 and +1, with a positive correlation indicating a tendency to rise and fall together, and a negative correlation indicating a tendency to move in opposite directions. Short Duration Abbey Capital defines “Short Duration ” as securities with a duration of 6 months or less.