Orinda Alternative Mutual Fund Platform

Income Opportunities Fund

Fund Facts

A Share
Ticker:   OIOAX
Cusip:    00770X 782
I Share
Ticker:   OIOIX
Cusip:    00770X 774
D Share
Ticker:   OIODX
Cusip:    00770X 733

Reasons to Invest

  • Seeks to maximize current income through a diversified portfolio of alternative investments
  • Cash flow of securities backed by over ten thousand commercial and residential properties throughout the United States
  • Potential to offer above average yields

Portfolio Managers

Fund Objective

The Fund seeks to maximize current income with potential for modest growth of capital.

Investment Strategy

The Fund primarily invests in a diversified portfolio of preferred stocks of exchange-listed real estate companies. The cash flow of these securities are backed by over ten thousand commercial and residential properties and diversified by company, property type, lease structure and location. The Fund’s allocation to these securities will vary over time in response to changing market opportunities.

Performance – Average Annualized Returns*

As of 6/30/2019QTDYTD1-YR3-YR5-YRSince Inception
Performance at NAV Net Asset Value does not include sales charges
A share (OIOAX, inception 6/28/13)0.65%14.26%5.15%4.57%2.99%3.91%
I share (OIOIX, inception 6/28/13)0.72%14.45%5.50%4.90%3.30%4.23%
D share (OIODX, inception 9/27/13)0.46%13.88%4.41%3.83%2.31%3.37%
Bloomberg Barclays Cap. U.S. Aggregate Bond Index13.08%6.11%7.87%2.31%2.95%3.18%
Performance at MOP Maximum offering price includes maximum sales charge of 5% for Class A shares
A share (OIOAX)-4.39%8.55%-0.11%2.80%1.94%3.02%
Expense ratio (what an investor will pay as of 12/31/2018): A Share 2.10%; D Share 2.95%, I Share 1.95%.
*QTD, YTD, 1-YR are not annualized.

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. Performance data current to the most recent month end may be obtained by calling 1-877-903-1313.

Distributions

TypeRecord DateDist/ShareEx/Pay and
Re-invest Date
Re-invest NAV
Income Dividend6/26/2019I share: 0.37634
A share: 0.35978
D share: 0.31881
6/27/2019I share: 21.44
A share: 21.39
D share: 21.17
Short-term
Capital Gain
n/an/an/an/a
Long-term
Capital Gain
n/an/an/an/a

Dividends paid quarterly. Next dividend date: September 27, 2019.

TypeRecord DateDist/ShareEx/Pay and Re-invest DateRe-invest NAV
Income Dividend6/26/2019I share: 0.37634
A share: 0.35978
D share: 0.31881
6/27/2019I share: 21.44
A share: 21.39
D share: 21.17
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend3/26/2019I share: 0.37476
A share: 0.36058
D share: 0.32074
3/27/2019I share: 21.56
A share: 21.51
D share: 21.29
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend12/24/2018I share: 0.37817
A share: 0.36057
D share: 0.32146
12/26/2018I share: 19.00
A share: 18.96
D share: 18.77
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend9/25/2018I share: 0.36955
A share: 0.36511
D share: 0.35517
9/26/2018I share: 21.88
A share: 21.83
D share: 21.61
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend6/26/2018I share: 0.41771
A share: 0.36198
D share: 0.36198
6/27/2018I share: 21.72
A share: 21.70
D share: 21.50
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend3/26/2018I share: 0.40749
A share: 0.38313
D share: 0.38313
3/27/2018I share: 21.29
A share: 21.23
D share: 21.07
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend12/26/2017I share: 0.39906
A share: 0.38045
D share: 0.33806
12/27/2017I share: 22.80
A share: 22.72
D share: 22.60
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend09/26/2017I share: 0.38937
A share: 0.37307
D share: 0.33249
9/27/2017I share: 23.15
A share: 23.07
D share: 22.95
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend06/26/2017I share: 0.42129
A share: 0.40399
D share: 0.39092
6/27/2017I share: 23.37
A share: 23.29
D share: 23.17
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend3/27/17I share: 0.42569
A share: 0.42052
D share: 0.40841
3/28/2017I share: 23.19
A share: 23.11
D share: 23.02
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend12/27/2016I share: 0.42259
A share: 0.40421
D share: 0.36058
12/28/2016I share: 22.86
A share: 22.80
D share: 22.74
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend9/26/2016I share: 0.44775
A share: 0.43003
D share: 0.38740
9/27/2016I share: 23.74
A share: 23.68
D share: 23.61
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend6/24/2016I share: 0.41779
A share: 0.40201
D share: 0.35955
6/27/2016I share: 22.69
A share: 22.64
D share: 22.58
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend3/27/2016I share: 0.41566
A share: 0.41228
D share: 0.40135
3/28/2016I share: 21.82
A share: 21.76
D share: 21.70
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend12/28/2015I share: 0.41406
A share: 0.39463
D share: 0.35796
12/29/2015I share: 22.37
A share: 22.33
D share: 22.28
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend09/24/2015I share: 0.3883
A share: 0.3718
D share: 0.3313
09/25/2015I share: 23.16
A share: 23.11
D share: 23.06
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend06.25.2015I share: 0.37402
A share: 0.35642
D share: 0.31082
06/26/2015I share: 24.17
A share: 24.12
D share: 24.04
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend03/26/2015I share: 0.38359
A share: 0.37815
D share: 0.36518
03/27/2015I share: 24.84
A share: 24.79
D share: 24.71
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend12/24/2014I share: 0.37868
A share: 0.36124
D share: 0.31733
12/26/2014I share: 24.73
A share: 24.70
D share: 24.65
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
12/24/2014I share: 0.00711
A share: 0.00711
D share: 0.00711
12/26/2014I share: 24.73
A share: 24.70
D share: 24.65
Income Dividend09/25/2014I share: 0.35647
A share: 0.34003
D share: 0.29470
09/26/2014I share: 25.36
A share: 25.34
D share: 25.29
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend06/26/2014I share: 0.35830
A share: 0.34687
D share: 0.29609
06/27/2014I share: 25.83
A share: 25.81
D share: 25.77
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend03/27/2014I share: 0.47536
A share: 0.45844
D share: 0.41680
03/28/2014I share: 25.44
A share: 25.42
D share: 25.38
Short-Term
Capital Gain
n/an/an/an/a
Long-Term
Capital Gain
n/an/an/an/a
Income Dividend12/26/2013I share: 0.44843
A share: 0.42552
D share: 0.42737
12/27/2013I share: 24.63
A share: 24.62
D share: 24.58
Short-Term
Capital Gain
12/26/2013I share: 0.03995
A share: 0.03995
D share: 0.03995
12/27/2013I share: 24.63
A share: 24.62
D share: 24.58
Long-Term
Capital Gain
12/26/2013I share: 0.00271
A share: 0.00271
D share: 0.00271
12/27/2013I share: 24.63
A share: 24.62
D share: 24.58

Click for the Statutory or Summary prospectus of the Orinda Income Opportunities Fund. Please read and consider the prospectus carefully before investing.

Mutual fund investing involves risk. Principal loss is possible. The fund can make short sales of securities, which involves the risk that losses in securities may exceed the original amount invested. The fund may use leverage which may exaggerate the effect of any increase or decrease in the value of portfolio securities or the Net Asset Value of the fund, and money borrowed will be subject to interest costs. Investments in smaller and medium companies involve greater risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may use certain types of investment derivatives such as futures, forwards, and swaps. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. Investments in asset backed and mortgage backed securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. To the extent that a Master Limited Partnership’s (MLP’s) interests are all in a particular industry, the MLP will be negatively impacted by economic events adversely impacting that industry. The risks of investing in an MLP are generally those involved in investing in a partnership as opposed to a corporation. Exchange Traded Funds (ETFs)are typically open-end investment companies that are bought and sold on a national securities exchange. When the Fund invests in an ETF, it will bear additional expenses based on it’s pro rata share of the ETF’s operating expenses, including the potential duplication of management fees. The risk of owning an ETF generally reflects the risks of owning the underlying securities it holds. Rule 144A securities carry the risk that the trading market may not continue and the Fund might be unable to dispose of these securities promptly or at reasonable prices and might thereby experience difficulty satisfying redemption requirements. The risk exists that the market value of Initial Public Offering (IPO) shares will fluctuate considerably due to factors such as the absence of a prior public market, unseasoned trading, and the small number of shares available for trading and limited information about the issuer. The purchase of IPO shares may involve high transaction costs. IPO shares are subject to market risk and liquidity risk. The Fund is non-diversified, which means that there is no restriction on how much the Fund may invest in the securities of an issuer under the 1940 Act. Some of the risks involved in investing in Real Estate Investment Trusts (REITs) include a general decline in the value of real estate, fluctuations in rental income, changes in interest rates, increases in property taxes, increased operating costs, overbuilding, changes in zoning laws, and changes in consumer demand for real estate.

1 The Bloomberg Barclays Capital U.S. Aggregate Bond Index is an unmanaged, market capitalization-weighted index, comprised predominantly of U.S. traded investment grade bonds with maturities of one year or more. The index includes Treasury securities, Government agency bonds, mortgage-backed bonds, and corporate bonds. The index is representative of intermediate duration U.S. investment grade debt securities. It is not possible to invest directly in an index.

The Orinda Funds are distributed by Quasar Distributors, LLC.
Quasar and IMST are not affiliated.