19th September 2019

Portfolio Managers: Dan Niles
Sector Focus: Technology
Tickers: Institutional share class – AONTX, Investor share Class  – AONAX
Inception Date: December 29, 2017 (institutional), January 23, 2018 (investor)

The investment objective of the AlphaOne NextGen Technology fund (the "Fund) is to seek long-term capital appreciation.

The AlphaOne NextGen Technology Fund (Tickers: AONTX, AONAX) was launched on December 29th, 2017. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of next generation (“NextGen”) technology companies. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. For purposes of this investment policy, a NextGen technology company is a company that produces, designs, or markets innovative, new technology products or services; uses innovative, new technology extensively in its product development or operations; or is expected to benefit significantly from technological advances or improvements. The types of companies likely to be represented in the Fund’s portfolio include, but are not limited to, computer (hardware and software), communications (voice, data and wireless), consumer electronics, e-commerce, semiconductor, media, environmental, energy, biotechnology and health care.

In selecting investments to buy for the Fund, the Adviser uses a fundamental research process to seek to identify catalysts (such as innovative product development, high acquisition potential, and under appreciated product cycles) that will positively change the earnings potential and market value of a company over time. The Adviser will consider selling a security if there is a change in the factors supporting the investment rationale, or the Adviser identifies a more attractive investment opportunity. The Fund may buy and sell securities frequently, which could result in a high portfolio turnover rate. The Fund is classified as “non-diversified,” which means that it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.

Dan Niles
Dan Niles is a founding partner of AlphaOne Capital Partners. He started his Wall Street career in 1990 and is the Senior Portfolio Manager for the AlphaOne Satori Fund which was launched in March of 2004. Before AlphaOne, Mr. Niles was a Managing Director at Neuberger Berman, Inc. and Chief Executive Officer of Neuberger Berman Technology Management, LLC. Mr. Niles received a BS in Systems Engineering from Boston University and a MS in Electrical Engineering from Stanford University.

The AlphaOne NextGen Technology Fund (AONTX, AONAX) is available on many familiar platforms such as Fidelity, Pershing, TD Ameritrade and soon on Schwab.

Fees & Expenses I shares Investor shares
Initial minimum investment $100,000 $2,500
Subsequent minimum investment $10,000 $100
Front-End Sales Charge None None
Gross Expenses 17.46% 16.73%
Maximum Net Expenses (after waiver) 1.40% 1.65%

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 and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call (855) 4-ALPHAONE (1.855.425.7426).

The gross expense ratios for the AlphaOne NextGen Technology Fund Investor and Institutional Shares are 16.73% and 17.46% respectively. The net expense ratios are 1.65% for Investor and 1.40% for Institutional. The adviser has agreed to contractual waive fees until February 28, 2021. In absence of current fee waivers total return would be reduced. Returns do not reflect the effect of a 2.00% redemption fee which is incurred on shares held less than 90 days.

AlphaOne Funds are distributed by SEI Investment Distribution CO. (SIDCO), which is not affiliated with AlphaOne Investment Services, LLC or any of its affiliates.  Check the background of SIDC on FINRA’s Brokercheck.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling (855) 4-ALPHAONE. Read the prospectus carefully before investing or sending money.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from difference in generally accepted accounting principles or from social, economic, or political instability in other nations. The Fund is non-diversified. There can be no assurance that the Fund will achieve its stated objectives.

AlphaOne mutual funds are available to U.S. residents only.

The S&P Global 1200 Information Technology Index consists of all members of the S&P 1200 that are classified within the GICS information technology sector.