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Meritage Yield-Focus Equity Fund
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  Expense ratio*
  Gross Net Inception Date
Investor Shares 1.89% 1.40% 12/20/13
Institutional Shares 1.64% 1.15% 12/20/13

 

AS OF 3/31/2017

30 Day SEC Yield Subsidized

30 Day SEC Yield Unsubsidized

Investor Shares – MPYEX

3.54%

2.99%

Institutional Shares - MPYIX

3.83%

3.26%

Computed under an SEC standardized formula based on the maximum offer price per share as of 12/31/16. Subsidized yields reflect fee waivers in effect. Without such waivers, yields would be reduced. Unsubsidized yields do not reflect fee waivers in effect.

Performance data quoted represents past performance and 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 of the Fund may be lower or higher than the performance quoted. For most recent month-end performance figures, call Shareholder Services at 855-261-0104.

Fund performance information shown includes the reinvestment of dividend and capital gain distributions, but does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund Shares.

* The Fund’s adviser (the “Adviser”) has contractually agreed to waive its management fee and/or reimburse expenses so that total annual operating 18 expenses (excluding (i) interest; (ii) taxes; (iii) brokerage fees and commissions; (iv) other extraordinary expenses not incurred in the ordinary course of the Fund’s business; (v) dividend expenses on short sales; (vi) indirect expenses such as acquired fund fees and expenses; and (vii) expenses incurred under a Rule 12b-1 plan of distribution) do not exceed 1.00% of the Fund’s average daily net assets through December 31, 2017.


The Fund may invest in smaller companies, which involves additional risks such as limited liquidity and greater volatility.

Investments in emerging markets involve greater risks.

Foreign investments, including ADRs, are subject to sovereign risk and may be adversely affected by changes in currency exchange rates, future political and economic developments, and the possible imposition of exchange controls or other foreign governmental laws or restrictions.

A BDC may invest in the equity and debt securities of smaller and developing companies as well as companies that are experiencing financial crises (“Portfolio Companies”).  Investments in smaller and developing Portfolio Companies involve a greater risk of loss due to their youth and limited track records and are more susceptible to competition and economic and market changes due to limited products and market shares. 

MLPs are subject to certain risks inherent in the structure of MLPs, including complex tax structure risks, limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates.

Investors should be aware of the risks involved with investing in REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments.

MLPs, also known as publicly traded partnerships, predominately operate, or directly or indirectly own, energy-related assets. REITS are companies that pool investor funds to invest primarily in income producing real estate or real estate related loans or interests. BDCs are publicly-traded closed-end funds that seek capital appreciation and income by investing in smaller companies during their initial stages of development. With respect to investments in BDCs, the Fund plans to invest only in publicly traded BDCs.

The Russell 3000 Value Index is a market-cap weighted index and measures the performance of the broad value segment of the U.S. equity universe.



 

 



Meritage
Funds
Value Equity Fund
Growth Equity Fund
Yield-Focus Equity Fund
Fund Information
Fact sheet
 
Portfolio Management Team
Mark E. Eveans, CFA®,
Lead Manager

Clint W. Anderson, CFA®

Sharon L. Divine, CFA®

John M. Wallis, CFA®

Fund Facts
  Investor
Shares
Institutional Shares
Ticker MPYEX MPYIX

CUSIP 14064D600 14064D501

Inception 12/20/2013 12/20/2013

Min. Initial Inv. $2,500 $100,000

Subsequent Inv. $100 $1,000

Expense Ratio 1.40% net 1.15% net
  1.89% gross 1.64% gross

12b-1 Fee 0.25% None

 

 





7500 College Blvd., Suite 1212, Overland Park KS 66210, Tel 913-345-7000. © Meritage Funds. All rights reserved.

Past performance is no guarantee of future results. The investment return and principal value of an investment in the Funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Meritage Mutual Funds. This and other important information about the Funds is contained in the Prospectus, which can be obtained by calling Shareholder Services at (855) 261-0104. The Prospectus should be read carefully before investing.

Distributed by Unified Financial Securities, LLC. (Member, FINRA)