Zacks Market Neutral Fund Performance

Average Annualized Returns
as of 12/31/2019
1 yr 3 yr 5 yr 10 yr Since
Market Neutral (ZMNVX) -0.90% -3.46% -0.20% 0.15% 1.08%
Citigroup 3-Month T-Bill 2.25% 1.65% 1.05% 0.56% 0.55%

Inception 07/24/08

Gross expense ratio 4.33%. Net expense ratio 3.19%*

Performance 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. Current performance of the fund may be lower or higher than the performance quoted. Performance data to the most recent month-end may be obtained by calling 800.767.3771.

*The Fund's investment adviser has contractually agreed to waive a portion of its management fee and to absorb operating expenses to the extent necessary to limit the Fund's expense ratio (excluding certain taxes and expenses) to1.65% of the Fund's average daily net assets for Investor shares. This agreement remains in effect until 3/31/2022. The adviser may recover from the Fund fees and expenses waived or reimbursed during the prior three years if the Fund's expense ratio, including the recovered expenses, falls below the expense limit.

Mutual fund investing involves risk, including the potential loss of principal. There can be no assurance that the Fund will achieve their investment objectives. There is a risk that the value of the Fund's' stocks may fall due to general market and economic conditions and perceptions regarding the industries and or companies in which the Fund is invested.

The Fund is new and has a limited history of operations.

There are risks involved in selling stocks short including the possibility that the Market Neutral Fund may not be able to close out a short position at a particular time or at a particular price. The Fund's loss on a short sale is limited only by the maximum attainable price of the security (which could belimitless) less the price the Fund paid for the security at the time it was borrowed.

The Market Neutral Fund may invest in stocks of companies of any size. Small- or mid-cap stocks may exhibit more erratic market and trading movements than larger stocks or the overall market. Small- and mid-cap companies can also be less liquid, making it more difficult for the managers to sell positions at the time they may wish.