CHICAGO, Nov. 4, 2015 /PRNewswire/ -- In collaboration with Thomson Reuters, the Leland Family of Funds, a provider of innovative investment solutions that complement traditional portfolio allocations, has introduced the Leland Thomson Reuters Venture Capital Index Fund (LDVAX, LDVCX and LDVIX). The Fund seeks to provide investors with returns that track the Thomson Reuters Venture Capital Index.
Launched in October, 2012, the Thomson Reuters Venture Capital Index is a groundbreaking investable index that tracks the performance of individual U.S. venture capital-backed private companies via liquid, publicly traded assets. It utilizes economic factors and market indicators to calculate optimal asset weights across a number of sectors and modifies the portfolio over time to reflect changes in the U.S. venture capital universe.
"Historically, sophisticated institutional investors have been the only market participants able to gain meaningful access to venture capital investments, which are expensive, illiquid and require high minimum investments," said Chief Investment Officer and Portfolio Manager Neil Peplinski. "The Leland Thomson Reuters Venture Capital Index Fund addresses these issues and provides investors with less expensive, more liquid exposure to the potentially strong returns typically associated with the traditionally hard-to-access venture capital asset class."
Since inception (October 2, 2014), the Fund has generated net-of-fee performance of 7.41% (A share), 1.81% (A share w/load) as of September 30, 2015. For 2015, through September, the Fund has generated net-of-fee performance of -0.60% (A share) and -5.78% (A share w/load).
The maximum sales charge (load) for LDVAX is 5.75%. The performance data quoted here represents past performance. For more current performance information to the most recent month-end, please call toll-free 877-270-2848 or visit our website, www.lelandfunds.com. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Total Annual Operating Expenses for Class A, C and I are .70%, 2.45% and 1.45%, respectively. Please review the Fund's prospectus for more information regarding the Fund's fees and expenses.
Paul Ingersoll, Chief Executive Officer of Cedar Capital, added: "We are excited to draw on the strength of Thomson Reuters' comprehensive research on diversified venture-backed companies to bring this distinct fund offering to the market. Through this partnership, we are helping democratize access to this important asset class and we look forward to a long-term collaboration."
About the Leland Family of Funds
The Leland Fund Family offers innovative investment solutions that complement traditional portfolio allocations. Through its partnerships, Leland Funds include strategies which provide investors with opportunities beyond existing investment alternatives. Leland Funds are offered by Good Harbor Financial, LLC, a wholly-owned subsidiary of Cedar Capital, LLC. Good Harbor Financial, LLC is the investment adviser to the Leland International Advantage Fund and the Leland Currency Strategy Fund. Additional information and a Prospectus are available at Lelandfunds.com.
About Thomson Reuters Venture Capital Indices
The Thomson Reuters Venture Capital Indices measure the performance of the US venture capital backed universe based on private company valuations. The series consists of the Thomson Reuters Venture Capital Research Index ("Thomson Reuters VC Research Index"), which is a comprehensive and highly representative indicator of the US venture capital industry while the Thomson Reuters Venture Capital Index ("Thomson Reuters VC Index") is a groundbreaking investable index replicating the performance of the Thomson Reuters VC Research Index using liquid public securities. Thomson Reuters is a registered trademark of Thomson Reuters and its affiliates.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com
Investors should carefully consider the investment objectives, risks, charges and expenses of the Leland Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.lelandfunds.com or by calling 877-270-2848. The prospectus should be read carefully before investing. The Leland Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Good Harbor Financial, LLC is the investment adviser to the Leland Funds. Good Harbor Financial, LLC and Thomson Reuters are not affiliated with Northern Lights Distributors, LLC.
Mutual funds involve risks including the possible loss of principal. The Fund may invest in ETFs, ETNs and mutual funds, which are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. ETFs, ETNs and mutual funds are subject to issuer, fixed income and risks specific to the fund.
Venture capital investments involve a greater degree of risk; as a result, the Fund's returns may experience greater volatility than the overall market. The Fund does not invest in venture capital funds nor does it invest directly in the companies funded by venture capital funds.
The Fund seeks to generate returns that mimic the aggregate returns of U.S. venture capital-backed companies as measured by the Thomson Reuters Venture Capital Index ("TR VC Index"). There is a risk that the Fund's return may not match or achieve a high degree of correlation with the return of the TR VC Index. Additionally, the TR VC Index's return may not match or achieve a high degree of correlation with the return of U.S. venture capital-backed companies.
The Fund relies on licenses that permit the Fund to use the applicable Index and certain related intellectual property in connection with the name and investment strategies of the Fund. In the event that such licenses are terminated, the Fund may lose its ability to use the intellectual property which may have a significant impact on the operation of the Fund and could potentially result in a change in investment policy or closure of the Fund.
Investments in equity securities are subject to overall market risks. To the extent that the Fund's investments are concentrated in or significantly exposed to a particular sector, the Fund will be susceptible to loss due to adverse occurrences affecting that sector.
Loss may result from the Fund's investments in derivatives. These instruments may be illiquid, difficult to value and leveraged so that small changes may produce disproportionate losses to the Fund. Over the counter derivatives, such as swaps, are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. In certain circumstances, it may be difficult for the Fund to purchase and sell particular derivative investments within a reasonable time at a fair price.
Investors cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges.
SOURCE Leland Family of Funds