Flexible Plan Investments Launches Market's First Gold Bullion Mutual Fund Gold Bullion Strategy Fund Offers Non-ETF Investors Exposure to Gold Bullion Without K-1 Tax Reporting Typically Associated With Commodity ETFs
BLOOMFIELD HILLS, Mich., July 15, 2013 /PRNewswire/ -- Flexible Plan Investments, Ltd. (Flexible Plan), one of the largest money managers in the National Association of Active Investment Managers and one of its founding members, has launched The Gold Bullion Strategy Fund (QGLDX). The mutual fund seeks to generate returns reflecting daily changes in the price of gold bullion. This is the first time this type of gold bullion fund has been offered to retail investors through a mutual fund product.
Until now, gold bullion index strategies were only available through exchange-traded funds (ETFs). However, many ETFs that invest in commodity futures contracts are subject to Schedule K-1 tax reporting rules, which can cause investors to have to delay in filing their tax returns while at the same time requiring them to file tax returns in multiple states and deal with unrelated business taxable income. The Gold Bullion Strategy Fund will distribute the conventional Form 1099, familiar to most mutual fund investors, rather than multiple Schedule K-1 tax forms and does not generate unrelated business taxable income.
"Gold bullion has been viewed as a consistent hedge against inflation by many advisors and their clients, but when the asset class finally bore fruit over the past decade, gold mining equity funds did not track the gains well, and only ETF investors could access the robust returns delivered by gold bullion," said Jerry Wagner, President of Flexible Plan and one of the Fund's Portfolio Managers. "The launch of The Gold Bullion Strategy Fund enables us to offer our four gold-focused separately managed account strategies to a wider array of investors through a mutual fund vehicle."
The Fund will invest in gold bullion ETFs and derivatives in seeking to reflect daily changes in the price of gold bullion. In addition, the Fund will allocate assets to investment-grade corporate notes and bonds in order to produce interest income, accomplish its tax strategy and preserve principal. Flexible Plan and Advisors Preferred, LLC, serve as sub-advisor and advisor to the Fund, respectively. Dr. Z. George Yang, Director of Research at Flexible Plan, is the Fund's Portfolio Manager together with Mr. Wagner.
For more information about the Gold Bullion Strategy Fund, please contact Brian Humphrey at 888-572-8868 or email@example.com.
About Flexible Plan Investments, Ltd.
Established in 1981, Flexible Plan Investments, Ltd. invests over $1.5 billion in assets for clients in its separately managed account business (as of 3/31/13). As a founding member of the National Association of Active Investment Managers (NAAIM), Flexible Plan, a turnkey asset management program (TAMP) provider, is one of the trade association's largest and oldest active money managers. The company's mission is to provide investors with competitive returns, while reducing risk through the use of dynamic risk management, strategic diversification, and cutting-edge technology and support services. For more information, visit www.flexibleplan.com.
Flexible Plan has worked closely with the creator of The Gold Bullion Strategy Fund structure, Rick Andrews, President of Avant Capital Management, LLC, located in Sarasota, Florida. Rick has two patents pending on the Fund's management process.
Flexible Plan has started four new managed account strategies to utilize The Gold Bullion Strategy Fund: Volatility Managed Gold Trading, our first All Weather strategy, a Dynamic version, and Gold Tactical.
An investor should consider the investment objectives, risks, charges and expenses of The Gold Bullion Strategy Fund before investing. This and other information can be found in the Fund's prospectus, which can be obtained by calling 1-855-650-7453. The prospectus should be read carefully prior to investing in The Gold Bullion Strategy Fund.
There is no guarantee that The Gold Bullion Strategy Fund will achieve its investment objectives.
Flexible Plan Investments, Ltd. serves as investment sub-advisor to The Gold Bullion Strategy Fund, distributed by Ceros Financial Services, Inc. (member FINRA). Ceros Financial Services, Inc. and Flexible Plan Investments, Ltd. are not affiliated entities. Advisors Preferred, LLC is the Fund's investment adviser. Advisors Preferred, LLC is a wholly-owned subsidiary of Ceros Financial Services, Inc.
The principal risks of investing in The Gold Bullion Strategy Fund are Risks of the Sub-advisor's Investment Strategy, Risks of Aggressive Investment Techniques, High Portfolio Turnover, Risk of Investing in Derivatives, Risks of Investing in ETFs, Risks of Investing in Other Investment Companies, Leverage Risk, Taxation Risk, Concentration Risk, Gold Risk, Wholly-owned Corporation Risk, Risk of Non-Diversification and interest rate risk. "Gold Risk" includes volatility, price fluctuations over short periods, risks associated with global monetary, economic, social and political conditions and developments, currency devaluation and revaluation and restrictions, trading and transactional restrictions.
SOURCE Advisors Preferred, LLC