Stadion Core Advantage Fund
Prices as of 09/01/2010
| NAV | |
|---|---|
| Current NAV | 10.03 |
| Previous NAV | 9.88 |
| Difference | 1.52% |
| Ticker Information | |
| NASDAQ Ticker | ETFRX |
| CUSIP Number | 85235B202 |
| Minimum Investment | |
| Initial | $1,000.00 |
| Subsequent | $250.00 ($100.00 for automatic investment plan) |
| IRA Initial | $1,000.00 |
| IRA Subsequent | $250.00 ($100.00 for automatic investment plan) |
| Management | |
| Portfolio Managers | Timothy A. Chapman Judson P. Doherty Gregory L. Morris Brad A. Thompson |
| Investment Advisor | Stadion Money Management 1061 Cliff Dawson Road Watkinsville, GA 30677 1-866-383-7636 |
| Distributor | Ultimus Fund Distributors |
| Inception Date | September 15, 2006 |
| Shareholder Transaction Expenses | |
| Maximum Sales Charge (Load) Imposed On Purchases (as percentage of the offering price) | 5.75% |
| Maximum Contingent Deferred Sales Charge (Load) (as percentage of the lower of the amount purchased or redeemed) | None |
| Redemption fees | None |
| Exchange fee | None |
| Annual Fund Operating Expenses1 | |
| Investment Advisory Fees | 1.25% |
| Distribution and/or Service (12b-1) Fees | 0.25% |
| Other expenses | 0.93%2 |
| Total Operating Expenses | 2.43%3 |
| Fee Waivers and/or Expense Reimbursements | (0.28%) |
| Net Expenses | 2.15% |
| Gross Expense Ratio | 1.95% |
| Current Expense Ratio as of 3-31-10 | 1.95% |
Prices as of 09/01/2010
| NAV | |
|---|---|
| Current NAV | 9.97 |
| Previous NAV | 9.82 |
| Difference | 1.53% |
| Ticker Information | |
| NASDAQ Ticker | ETFZX |
| CUSIP Number | 85235B400 |
| Minimum Investment | |
| Initial | $1,000.00 |
| Subsequent | $250.00 ($100.00 for automatic investment plan) |
| IRA Initial | $1,000.00 |
| IRA Subsequent | $250.00 ($100.00 for automatic investment plan) |
| Management | |
| Portfolio Managers | Timothy A. Chapman Judson P. Doherty Gregory L. Morris Brad A. Thompson |
| Investment Advisor | Stadion Money Management 1061 Cliff Dawson Road Watkinsville, GA 30677 1-866-383-7636 |
| Distributor | Ultimus Fund Distributors |
| Inception Date | October 1, 2009 |
| Shareholder Transaction Expenses | |
| Maximum Sales Charge (Load) Imposed On Purchases (as percentage of the offering price) | None |
| Maximum Contingent Deferred Sales Charge (Load) (as percentage of the lower of the amount purchased or redeemed) | None |
| Redemption fees | None |
| Exchange fee | None |
| Annual Fund Operating Expenses1 | |
| Investment Advisory Fees | 1.25% |
| Distribution and/or Service (12b-1) Fees | 1.00% |
| Other expenses | 0.93%2 |
| Total Operating Expenses | 3.18%3 |
| Fee Waivers and/or Expense Reimbursements | (0.28%) |
| Net Expenses | 2.90% |
1. The 12b-1 fee is designed to permit investors to purchase shares of the Funds through broker-dealers, banks, insurance companies, and other financial intermediaries. The 12b-1 fee may be used to compensate these entities for ongoing recordkeeping and administrative services that would otherwise be performed by the Funds' administrator or transfer agent.
2. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by each Fund as a result of its investments during the most recent fiscal year in investment companies and other pooled investment vehicles.
3. Since the Class C shares are a new class, some of the fund expenses are estimated based on actual expenses incurred by the Class A shares of the Funds for the fiscal year ended May 31, 2009. As a result, the actual expenses and fees for the Class C shares may be more or less than those stated.
The Advisor has entered into Expense Limitation Agreements with the Funds under which it has agreed to waive its fees and to assume other expenses of a Fund, if necessary, in an amount that limits annual operating expenses of Class A and Class C shares of the Funds (exclusive of interest, taxes, brokerage commissions, extraordinary expenses, Acquired Fund Fees and Expenses and payments, if any, under the Rule 12b-1 Plan) to not more than 1.70% of the average daily net assets allocable to each Class for the fiscal year ending May 31, 2010. As a result, the Net Expense Ratio of each of the Fund's A shares will be limited to 1.95% for the fiscal year ending May 31, 2010. It is expected that the Expense Limitation Agreements will continue from year-to-year, provided such continuance is approved by the Board of Trustees of the Trust.
For ETFYX, the gross and net fee is 2.73%. For ETFZX, the gross fee is 3.18% and the net fee is 2.90%.
The Expense Ratios listed above do not include Acquired Fund Fees and Expenses, which are the fees and expenses incurred indirectly by each Fund as a result of its investments during the most recent fiscal year in investment companies and other pooled investment vehicles. For the Stadion Managed Fund, Acquired Fund Fees and Expenses were 0.15% of the Fund's average daily net assets for the fiscal year ended May 31, 2009. For the Stadion Core Advantage Fund, Acquired Fund Fees and Expenses were 0.20% of the Fund's average daily net assets for the fiscal year ended May 31, 2009. The Current Expense Ratio is the expense ratio as a percentage of the Fund's average daily net assets as of the date listed above. The Current Expense Ratio may fluctuate based upon a number of factors, including changes in the Fund's net assets.
Principal Risks of Investing in the Fund
Investment in the funds is subject to investment risks, including, without limitation, market risk, management style risks, risks related to "Fund of Funds" structure, sector risks, fixed income risks, tracking risks, ETF net asset value and market price risks, foreign securities risk, risks related to portfolio turnover, small capitalization companies risk, and non-diversified fund risk. Since each Stadion Fund is a "Fund of Funds", an investor will indirectly bear fees and expenses charged by the underlying ETFs and investment companies in which a Stadion Fund invests in addition to a Stadion Fund's direct fees and expenses. More information about these risks and other risks can be found in the Funds' prospectus.
An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at the link above or by calling Shareholder Services at 1-866-383-7636. The prospectus should be read carefully before investing.
The Fund may not be available for sale in all states. The information presented on this page is not an offer to sell or a solicitation of an offer to purchase the Fund.
The Stadion Funds are distributed by Ultimus Fund Distributors, LLC.