Please refer to the Mutual Fund Prospectus or ETF Prospectus for important information about the investment company including objectives, risks, charges, and expenses. Read and consider it carefully before investing. You may also obtain a hard copy of the Mutual Fund Prospectus by calling 1.855.TWM.FUNDS (1.855.896.3863) or the ETF Prospectus by calling 1.800.617.0004.
AllianceBernstein/TWM Global Equity & Covered Call Strategy Fund
Mutual fund investing involves risk. Principal loss is possible. The the AllianceBernstein/TWM Global Equity & Covered Call Strategy Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The AllianceBernstein/TWM Global Equity & Covered Call Strategy Fund may also use options and future contracts, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. The investment in options is not suitable for all investors.
Writing covered calls limits the upside potential of the underlying security and writing cash secured puts may obligate the Fund to purchase the underlying security during unfavorable market conditions.
The Mutual Fund is offered to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
The AllianceBernstein/TWM Global Equity & Covered Call Strategy Fund is distributed by Quasar Distributors, LLC.
Deep Value ETF
ETF Investing involves risk. Principal loss is possible. Fund shares are bought and sold at market price (not NAV) and are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called creation units and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. The Deep Value ETF is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Deep Value ETF is more exposed to individual stock volatility than a diversified fund. As with all index funds, the performance of the Deep Value ETF and its Index may differ from each other for a variety of reasons. For example, the Deep Value ETF incurs operating expenses and portfolio transaction costs not incurred by the Index. In addition, the Deep Value ETF may not be fully invested in the securities of the Index at all times or may hold securities not included in the Index.
The Index methodology is based on a "value" style of investing, and consequently, the Fund could suffer losses or produce poor results relative to other funds, even in a rising market, if the methodology used by the Index to determine a company's "value" or prospects for exceeding earnings expectations or market conditions is wrong. In addition, "value stocks" can continue to be undervalued by the market for long periods of time.
The TWM Deep Value ETF is distributed by Quasar Distributors, LLC.