The Fund seeks to maximize total return, which consists of income on its investments and capital appreciation.
Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings made for investment purposes) in securities of natural resources companies and other investments (including derivatives, futures and options, registered investment companies and exchange-traded funds (“ETFs”), including ETFs that invest in commodities) that provide economic exposure to natural resources or natural resources companies (together “natural resources investments”). This policy may be changed only after 60 days’ notice to shareholders. Natural resources companies are U.S. and foreign companies that may own, explore, develop, produce, refine, transport, or market natural resources or that provide related equipment, infrastructure, or services. Natural resources include energy commodities, such as oil, natural gas, coal and uranium; precious metals, such as gold, silver, platinum, palladium and rhodium; diamond; base metals, such as copper, lead and zinc; ferrous metals; agricultural commodities; and fertilizer commodities, such as potash, phosphate and nitrogen.
The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund. Before investing, consider the fund's investment objectives, risks, charges and expenses. Contact Goehring & Rozencwajg Investment Funds for a prospectus. Read it carefully.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call 1-844-464-6467.
One cannot invest directly in an index.
Returns for periods of less than one year are not annualized.
Fund inception date of December 30, 2016.The MSCI ACWI is a free float‐adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. Performance data shown for the MSCI ACWI is net of dividend tax withholding. Index returns reflect the reinvestment of income dividends and capital gains, if any.
Lipper Natural Resources Index: An unmanaged equally weighted index of the largest mutual funds in the Lipper Natural Resources category of funds.
Pursuant to a contract, Goehring & Rozencwajg Associates, LLC has agreed to make payments or waive its management, administrative and other fees to limit the expenses of the Fund through September 30, 2025 (unless the Board of Trustees consents to an earlier revision or termination of this arrangement) ("Expense Limitation Arrangement") so that the annual operating expenses of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), fees and expenses of other investment companies in which the Fund invests, 12b-1 fees, and extraordinary expenses) do not exceed an annual rate of average daily net assets of 1.25% for Retail class shares, and 0.92% for Institutional class Shares of the Fund. The Expense Limitation Arrangement may be terminated by Goehring & Rozencwajg Associates, LLC at any time after September 30, 2025.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call 1-844-464-6467.
One cannot invest directly in an index.
Returns for periods of less than one year are not annualized.
Fund inception date of December 30, 2016.
The MSCI ACWI is a free float‐adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. Performance data shown for the MSCI ACWI is net of dividend tax withholding. Index returns reflect the reinvestment of income dividends and capital gains, if any.
Pursuant to a contract, Goehring & Rozencwajg Associates, LLC has agreed to make payments or waive its management, administrative and other fees to limit the expenses of the Fund through September 30, 2024 (unless the Board of Trustees consents to an earlier revision or termination of this arrangement) ("Expense Limitation Arrangement") so that the annual operating expenses of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), fees and expenses of other investment companies in which the Fund invests, 12b-1 fees, and extraordinary expenses) do not exceed an annual rate of average daily net assets of 1.25% for Retail class shares, and 0.92% for Institutional class Shares of the Fund. The Expense Limitation Arrangement may be terminated by Goehring & Rozencwajg Associates, LLC at any time after September 30, 2024.
Mr. Goehring has 32 years of investment experience specializing in natural resource investments. From 2005 until the end of 2015, Mr. Goehring was the portfolio manager of Chilton Global Natural Resources Fund. This dedicated natural resources focused hedge-fund grew to over $5 billion of assets under management at its peak.
Prior to joining Chilton Investment Company, Mr. Goehring served as the manager of the Prudential-Jennision family of natural resources funds between 1991 and 2005. These funds accumulated over $3 billion of assets under management at their peak.
Mr. Goehring started working on Wall Street in 1982 in the Trust Department of the Bank of New York. He holds a Bachelors of Arts degree with a major in Economics and a minor in Mathematics from Hamilton College.
Mr. Rozencwajg has 18 years of investment experience. Between 2007 and 2015, Mr. Rozencwajg worked exclusively on the Global Natural Resources Fund at Chilton Investment Company with Mr. Goehring.
Prior to joining Chilton Investment Company, Mr. Rozencwajg worked in the Investment Banking department at Lehman Brothers between 2006 and 2007. Mr. Rozencwajg also worked with the MLG group at Neuberger Berman in 2005.Mr. Rozencwajg holds a Bachelor of Arts degree with a major in Economics/Philosophy from Columbia University.
Mr. Rozencwajg is a CFA charter-holder.
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