Stadion Alternative Income Fund

The Stadion Alternative Income Fund seeks to provide income and absolute portfolio returns, with a secondary emphasis on lower risk and volatility than the U.S. equity markets. The portfolio is structured to produce income distributions while maintaining low correlation to traditional fixed income assets.

Prices as of 4/21/2017

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Share Class Ticker CUSIP Inception Date Current NAV Previous NAV Difference
A TACFX 85235B848 12/31/12 $9.96 $10.00 -0.40%
C TACCX 85235B830 08/07/15 $9.88 $9.91 -0.30%
I TACSX 85235B822 02/14/13 $9.94 $9.97 -0.30%

Prices as of 4/21/2017

Why add non-traditional income sources to your portfolio?

Fixed rates are at historically low levels. A prolonged period of rising rates can have a negative effect on your portfolio.

The Stadion Alternative Income Fund provides two income generating strategies while seeking to limit downside risk.

Investment Process:


Screen equity universe to build a high quality porfolio of dividend paying securities

Analysis blends company fundamentals, sector weights and other criteria, which may include:

  • 5 years of maintaining or growing dividents
  • Market Cap greater than $1.5 billion


Seeks to protect equity holdings with an index collar to reduce volatility and systematic risk

  • Own a put on the full notional value of the equities
  • Sell a call to potentially produce positive yield (long put offset) and help finance the put


Monthly, reset portfolio risk exposure while seeking monthly premium income, taxed as 60% long term gains and 40% short term gains

The Fund's proprietary model uses current levels of equity market volatility and current portfolio positioning to determine:

  • Notional amount of the trade
  • Strike of options to sell for premium
  • Strike of options to buy as protection
  • Ratio of calls to puts for exposure

Buy protection on the full notional amount of sold options to limit potential losses

Low Correlation
4/30/15 - 3/31/17

On 4/30/15, the Stadion Alternative Income Fund’s investment management team and investment objective changed. The investment objective is described below.1 The graph above shows the growth of $10,000 from 4/30/15 through 3/31/17. A fund’s performance for very short time periods may not be indicative of future performance. The hypothetical example does not represent returns of any particular investment. Graph source: Stadion.

Low Fees

The Stadion Alternative Income Fund offers attractive fees when compared to those of the Morningstar Option Writing Category, as well as all Alternative Categories. 


Fees as of 3/31/17. Ordinary brokerage commissions apply. Stadion Alternative Income Fund Cost: Class I share fees are shown. Morningstar Option Writing Category Average Cost: The average cost of the least expensive share classes (retirement shares were excluded) in the category is shown. If all share classes were taken into consideration, the average cost would have been higher. All Morningstar Alternative Categories Average Cost: represents funds in the categories that are included in the Alternative Global Asset Class. The least expensive share classes (retirement shares were excluded) were taken into consideration. If all share classes were taken into consideration, the average cost would have been higher.

The indices shown are defined as follows. Barclays Capital U.S. Aggregate Bond Index is an unmanaged index of prices of U.S. dollar-denominated investment-grade fixed income securities with remaining maturities of one year and longer. The Morningstar Option Writing Category is a benchmark created and published by Morningstar and is defined as “Option writing portfolios aim to generate a significant portion of their returns from the collection of premiums on options contracts sold.” The Barclays U.S. Corporate High Yield Bond Index is a total return performance benchmark for fixed income securities having a maximum quality rating of Ba1 (as determined by Moody’s Investors Service). Unlike the Fund, the Barclays U.S. Corporate High Yield Bond Index is unmanaged, is not available for investment and does not incur expenses. The HFRX Absolute Return Index and the HFRX Market Directional Index provide investors with exposure to two "opposing" classes of hedge funds: those that seek stable performance regardless of market conditions (the "absolute return funds") and those that add value by participating in and betting on market moves (the "directional funds"). The difference between the two classes becomes apparent in various statistics describing performance – absolute return funds tend to be considerably less volatile and correlate less to major market benchmarks than directional funds. The MSCI World ex USA Index captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries, excluding the United States. The S&P 500 Index is a free-float market-capitalization weighted index of 500 of the largest companies in leading industries of the U.S. economy. You cannot invest directly in the Indices. 


On 4/30/15, the Stadion Alternative Income Fund’s investment management team and investment objective changed. The investment objective is described below.1 The graph above shows the growth of $10,000 from 4/30/15 through 3/31/17. A fund’s performance for very short time periods may not be indicative of future performance. The hypothetical example does not represent returns of any particular investment. Graph source: Stadion.


Adviser has contractually agreed to waive a portion of the Fund’s expenses. Without such waivers, the Fund’s yield would have been 1.96%, and total return would have been lower.

ETF Risk

There are additional costs and potential risks associated with investing in domestic and international exchange-traded funds (ETFs). Investments in equities, including ETFs, are subject to market risks, sector risks, tracking risks, ETF net asset value and market price risks. Additionally, investors will indirectly bear fees and expenses charged by the underlying ETFs and investment companies in which a Stadion portfolio invests. International investing involves certain risks not usually associated with domestic investing, including currency fluctuation, economic and political volatility, foreign taxation and differences in financial standards.

Performance as of 3/31/17 (%)

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3 Mo. YTD 1 YR 3 YR Since Inception
Class A NAV -2.45 -2.45 0.70 2.74 1.47
Class A, Load -8.03 -8.03 -5.06 0.74 0.06
Class C NAV -2.56 -2.56 -0.06 1.97 0.71
Class C, CDSC -3.54 -3.54 -1.04 1.97 0.71
Class I -2.46 -2.46 0.82 2.99 1.71
Barclays Capital U.S. Aggregate Bond Index 0.82 0.82 0.44 2.68 1.83
Morningstar Option Writing 2.16 2.16 6.78 2.94 5.07

Class A shares Inception Date: 12/31/12; Performance for Class I shares prior to 2/14/13 is based on the performance of Class A Shares. Performance for Class C shares prior to 8/7/15 is based on the performance of Class A Shares. Maximum sales load: 5.75.

Class A shares Inception Date: 12/31/12; Performance for Class I shares prior to 2/14/13 is based on the performance of Class A Shares. Performance for Class C shares prior to 8/7/15 is based on the performance of Class A Shares. Maximum sales load: 5.75.

Class A shares Inception Date: 12/31/12; Performance for Class I shares prior to 2/14/13 is based on the performance of Class A Shares. Performance for Class C shares prior to 8/7/15 is based on the performance of Class A Shares. Maximum sales load: 5.75.

Performance as of 3/31/17 (%)

Calendar Year Returns (%)

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2013 2014 2015 2016
Class A NAV -3.22 2.74 3.15 6.35
Class C NAV -3.96 1.97 2.33 5.52
Class I -3.10 3.15 3.42 6.60
Barclays Capital U.S. Aggregate Bond Index -2.02 5.97 0.55 2.65
Morningstar Option Writing 12.04 4.16 -0.73 4.27

Class A shares Inception Date: 12/31/12; Performance for Class I shares prior to 2/14/13 is based on the performance of Class A Shares. Performance for Class C shares prior to 8/7/15 is based on the performance of Class A Shares. Maximum sales load: 5.75.

Class A shares Inception Date: 12/31/12; Performance for Class I shares prior to 2/14/13 is based on the performance of Class A Shares. Performance for Class C shares prior to 8/7/15 is based on the performance of Class A Shares. Maximum sales load: 5.75.

Class A shares Inception Date: 12/31/12; Performance for Class I shares prior to 2/14/13 is based on the performance of Class A Shares. Performance for Class C shares prior to 8/7/15 is based on the performance of Class A Shares. Maximum sales load: 5.75.

Calendar Year Returns (%)

Expense Ratio as of 3/31/17

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Gross 1.74%
Current2 1.40%
Gross 2.19%
Current2 2.13%
Gross 1.30%
Current2 1.15%

Expense Ratio as of 3/31/17

Shareholder Fees

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Maximum Sales Charge (Load) 5.75%
Maximum Sales Charge (Load) Imposed on Purchases (as a Percentage of Offering Price) 5.75%
Maximum Deferred Sales Charge (Load) (as a percentage of the amount redeemed)4 1.00%
Redemption Fee None
Exchange Fee None
Maximum Sales Charge (Load) None
Maximum Sales Charge (Load) Imposed on Purchases (as a Percentage of Offering Price) None
Maximum Deferred Sales Charge (Load) (as a percentage of the amount redeemed)6 1.00%
Redemption Fee None
Exchange Fee None
Maximum Sales Charge (Load) None
Maximum Sales Charge (Load) Imposed on Purchases (as a Percentage of Offering Price) None
Maximum Deferred Sales Charge (Load) (as a percentage of the amount redeemed) None
Redemption Fee None
Exchange Fee None

Shareholder Fees

Annual Fund Operating Expenses

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Management Fees 0.85%
Distribution and / or Service (12b-1) Fees5 0.25%
Other Expenses3 0.63%
Acquired Fund Fees & Expenses3 0.01%
Total Annual Fund Operating Expenses 1.74%
Management Fee Waivers and Expense Reimbursements1 -0.33%
Total Annual Fund Operating Expenses after Management Fee Waivers and Expense Reiumbursements1 1.41%
Management Fees 0.85%
Distribution and / or Service (12b-1) Fees5 1.00%
Other Expenses 0.33%
Acquired Fund Fees & Expenses 0.01%
Total Annual Fund Operating Expenses 2.19%
Management Fee Waivers and Expense Reimbursements -0.03%
Total Annual Fund Operating Expenses after Management Fee Waivers and Expense Reiumbursements1 2.16%
Management Fees 0.85%
Distribution and / or Service (12b-1) Fees N/A
Other Expenses3 0.44%
Acquired Fund Fees & Expenses3 0.01%
Total Annual Fund Operating Expenses3 1.30%
Management Fee Waivers and Expense Reimbursements1 -0.14%
Total Annual Fund Operating Expenses after Management Fee Waivers and Expense Reiumbursements1 1.16%

Annual Fund Operating Expenses

Performance data quotes represents past performance. Past performance is no guarantee of future results. Investments are subject to risk, and any of Stadion’s investment strategies may lose money. Stadion’s actively managed portfolios may underperform in bull markets. 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 data may be lower or higher than the performance data quoted. To review our most recent monthly performance, please visit www.stadionfunds.com. The performance data with sales load reflects the 5.75% maximum sales charge (load) imposed on purchases (as a % of offering price). Return figures include changes in principal value and assume reinvestment of all dividends and capital gain distributions. For periods of less than 1 year, return figures are not annualized and represent cumulative total return.

1Stadion Money Management, LLC (the "Adviser") has entered into an Expense Limitation Agreement with the Income Fund under which it has contractually agreed to waive Management Fees and to assume other expenses of the Income Fund, if necessary, in an amount that limits annual operating expenses (exclusive of interest, taxes, brokerage commissions, extraordinary expenses, Acquired Fund Fees and Expenses and payments, if any, under a Rule 12b-1 Distribution Plan) of Class A, Class C and Class I shares to not more than 1.15% of the average daily net assets allocable to each Class of the Income Fund. The Expense Limitation Agreement is currently in effect until October 1, 2017. The Expense Limitation Agreement may be terminated by the Trust or the Adviser at the end of its then-current term upon not less than 90 days' notice.

2The Current Expense Ratio listed above does not include Acquired Fund Fees and Expenses. The Current Expense Ratio is the expense ratio as a percentage of the Fund's average daily net assets as of the date listed above. The Current Expense Ratio may fluctuate based upon a number of factors, including changes in the Fund's net assets.

3Based on estimated amounts for the current fiscal year.

4In the case of investment at or above the $1 million breakpoint (where you do not pay an initial sales charge), a 1.00% contingent deferred sales charge ("CDSC") may be assessed on shares redeemed within 12 months of purchase.

5The 12b-1 fee may be used to compensate broker-dealers, banks, insurance companies, and other financial intermediaries for ongoing record keeping and administrative services that would otherwise be performed by the Funds' administrator or transfer agent.

6A 1.00% CDSC will be assessed on shares purchased on or after October 1, 2012 and redeemed within 12 months of purchase. A 1.00% CDSC will be assessed on shares redeemed within 12 months of purchase.

Class A shares Inception Date: 12/31/12; Performance for Class I shares prior to 2/14/13 is based on the performance of Class A Shares. Maximum sales load: 5.75%. Stadion Money Management, LLC (the “Adviser”) has entered into an Expense Limitation Agreement with the Income Fund under which it has contractually agreed to waive Management Fees and to assume other expenses of the Income Fund, if necessary, in an amount that limits annual operating expenses (exclusive of interest, taxes, brokerage commissions, extraordinary expenses, Acquired Fund Fees and Expenses and payments, if any, under a Rule 12b-1 Distribution Plan) of Class A, Class C and Class I shares to not more than 1.15% of the average daily net assets allocable to each Class of the Income Fund. The Expense Limitation Agreement is currently in effect until October 1, 2017. The Expense Limitation Agreement may be terminated by the Trust or the Adviser at the end of its then-current term upon not less than 90 days’ notice. For the Stadion Alternative Income Fund, Acquired Fund Fees and Expenses were 0.01% of the Fund’s average daily net assets based on estimated amounts for the current fiscal year. Barclays Capital U.S. Aggregate Bond Index is an unmanaged index of prices of U.S. dollar-denominated investment-grade fixed income securities with remaining maturities of one year and longer. All Benchmarks composite data supplied by third party vendors, assumes re-investment of all dividends. You cannot invest directly in the Index. The Morningstar Option Writing category aims to generate a significant portion of their returns from the collection of premiums on options contracts sold. This category includes covered call strategies, put writing strategies, as well as options strategies that target returns primarily from contract premiums. In addition, option writing funds may seek to generate a portion of their returns, either indirectly or directly, from the volatility risk premium associated with options trading strategies. Stadion is the source for all of the graphs in this Overview. Prior to 4/30/15, the Stadion Alternative Income Fund was named the Stadion Tactical Income Fund.

Risk Statistics as of 3/31/17

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Fund Barclays Capital U.S. Aggregate Bond Index Morningstar Option Writing
Beta vs S&P 500 -0.13 0.00 0.43
Alpha 4.84% 1.52% -1.66%
Standard Deviation 4.63% 2.93% 5.03%
Sharpe Ratio 0.72 0.42 0.41
Correlation vs. S&P 500 Index -0.31 -0.02 0.98

Risk Statistics as of 3/31/17

Top 5 Equity Holdings Ranked by Market Cap as of 3/31/17

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Holding* Holding Dividend Yield
MICROSOFT CORP 2.29%
EXXON MOBIL CORP 3.65%
JOHNSON & JOHNSON 2.57%
JPMORGAN CHASE & CO 2.15%
WELLS FARGO & CO 2.74%

Top 5 Equity Holdings Ranked by Market Cap as of 3/31/17

All holdings information is provided for informational purposes only and should not be deemed as a recommendation to buy the securities mentioned. The Fund’s holdings are subject to change at any time.

*As of 3/31/17 each of the equity holdings listed represented 2% of the equity holdings. Holdings are subject to change.

Stadion Alternative Income Fund

Photo of Brad Thompson, CFA

Brad Thompson, CFA, Chief Investment Officer, Investment Committee member

  • 21 years as a Portfolio Manager
  • 30 years trading experience

Brad Thompson joined Stadion in 2006, bringing 20+ years of financial analysis, investment management, and fund management experience with him to Stadion, where he manages the Stadion Portfolio Management team. Prior to joining Stadion, Brad served as the Chief Investment Officer and Chief Financial Analyst for Global Capital Advisors. Brad has a Bachelor of Business Administration Degree in Finance from the University of Georgia, and also holds the Chartered Financial Analyst designation. Brad is a member of the CFA Institute and the Bermuda Society of Financial Analysts and also holds the Chartered Retirement Plan Specialist Designation. Brad has served on the board of the Executive Leadership Council for the American Cancer Society and on the Board of Trustees for the University of Georgia Terry College of Business Student Managed Investment Fund. Brad enjoys watching UGA football and spending time with his family.

Photo of Will McGough, CFA

Will McGough, CFA, Senior Vice President, Portfolio Manager

  • 6 years as a Portfolio Manager
  • 14 years as a Portfolio Analyst

Will McGough joined Stadion Money Management in 2003. He leads the implementation of model-driven investment decisions and investment/market analysis to fulfill Stadion's investment products’ mandates. Will also helps guide the development of systems and processes critical to achieving scalable growth. A key interface with Stadion's institutional partners, Will is responsible for Stadion's best execution efforts and has played a pivotal role in managing Stadion's operational on-boarding of new products and the Portfolio Management team's launch or integration of them. Will received his BBA in Finance from the University of Georgia and also holds the Chartered Financial Analyst designation. Will is a member of the CFA Institute, the CFA Society of Atlanta, the American Association of Professional Technical Analysts, National Association of Active Investment Managers, the UGA Alumni Association and National Eagle Scout Association. Outside of the office, Will and his wife Casey lead an active community life and stay busy keeping up with their two young daughters and a houseful of dogs.

Photo of Clayton Fresk, CFA

Clayton Fresk, CFA, Portfolio Manager

  • 4 years as a Portfolio Manager
  • 11 years trading experience

Clayton is a portfolio manager on several of Stadion’s portfolios, including the Alternative Income portfolio. He is responsible for managing the fixed income and cash allocations across Stadion’s suite of products. He conducts in-depth model, market, product, and performance analysis and is a key liaison between the department and Sales and Marketing. He is also a regular contributor to etf.com and was named an "ETF Rockstar" in 2013 by ETF Report. Clayton joined Stadion in 2009, before which he was most recently a Sr. Business Analyst at RiverSource Investments, LLC in Minneapolis, MN. Clayton holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Minnesota. He also received an MBA degree and a Bachelor's degree in Finance & Marketing from the University of Minnesota. Outside of work, Clayton enjoys traveling, golfing, and playing & watching sports.

Photo of Clayton Shiver, CFA

Clayton Shiver, CFA, Portfolio Manager

  • 6 years as a Portfolio Analyst

Clayton Shiver joined Stadion's Portfolio Management team in 2009 and is a portfolio manager for the Trilogy Alternative Return strategy and the Alternative Income strategy. Clayton plays a key role in research, analysis and high level process driving the options based multi-strategy portfolios. He is also involved in the day to day decision making and implementation of the strategies in terms of daily positioning and trade strategy. Clayton heads up performance analysis and composite construction that helped Stadion to complete its Global Investment Performance Standards (GIPS) compliance verification, and continues to maintain composites for the firm. Clayton helps design and monitor systems that help the Portfolio Management team to manage a growing number of strategies across a growing number of platforms. Clayton received a BBA in Finance from the University of Georgia and is a member of the CFA Institute and the CFA Society of Atlanta. In his free time, Clayton enjoys gardening, being outdoors and spending time with his family.

Performance data quoted represent past performance. The performance data quoted above represents past performance, which is not a guarantee of future results. 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 data may be lower or higher than the performance data quoted. For performance data current through the most recent month end, visit www.stadionfunds. com. The performance data with sales load reflects the 5.75% maximum sales charge (load) imposed on purchases (as a % of offering price).  Return figures include changes in principal value and assume reinvestment of all dividends and capital gain distributions. For periods of less than 1 year, return figures are not annualized and represent cumulative total return.

Please review the Investment Performance disclosures that are integral to your investment decision process. The hypothetical examples do not represent the returns of any particular investment. One cannot invest directly in an index.

1The investment objective of the Fund: Seek to provide income and absolute portfolio returns, with a secondary emphasis on lower risk and volatility than the U.S. equity markets. Source of chart: Stadion

ALPS/Stadion does not offer tax advice and it is recommended to consult with an accountant, tax advisor and/or lawyer.

The Statistics presented are defined as follows. Beta is a measure of systematic risk, or the sensitivity of a manager to movements in the benchmark. A beta of 1 implies that you can expect the movement of a manager’s return series to match that of the benchmark used to measure beta. The Sharpe ratio measures the excess return per unit of deviation, or risk. Correlation is a measure of how investments move in relation to one another. A correlation of 1 means the two asset classes move exactly in line with each other, while a correlation of -1 means they move in the exact opposite direction. Alpha is a risk-adjusted measure of the so-called active return on an investment. Standard Deviation measures the average deviations of a return series from its mean, and is often used as a measure of risk.

The indices shown are defined as follows. Long-short portfolios hold sizeable stakes in both long and short positions in equities and related derivatives. Some funds that fall into this category will shift their exposure to long and short positions depending on their macro outlook or the opportunities they uncover through bottom-up research. Some funds may simply hedge long stock positions through exchange traded funds or derivatives. At least 75% of the assets are in equity securities or derivatives. These funds attempt to reduce systematic risk created by factors such as exposures to sectors, market-cap ranges, investment styles, currencies, and/or countries. They try to achieve this by matching short positions within each area against long positions. These strategies are often managed as beta-neutral, dollar-neutral, or sector-neutral. A distinguishing feature of funds in this category is that they typically have low beta exposures (< 0.3 in absolute value) to market indexes such as MSCI World. In attempting to reduce systematic risk, these funds put the emphasis on issue selection, with profits dependent on their ability to sell short and buy long the correct securities. These funds offer investors exposure to several different alternative investment tactics. Funds in this category have a majority of their assets exposed to alternative strategies. An investor’s exposure to different tactics may change slightly over time in response to market movements. Funds in this category include both funds with static allocations to alternative strategies and funds tactically allocating among alternative strategies and asset classes.  The gross short exposure is greater than 20%. You cannot invest directly in the Indices. 

+Stadion Money Management, LLC (the “Adviser”) has entered into an Expense Limitation Agreement with the Income Fund under which it has contractually agreed to waive Management Fees and to assume other expenses of the Income Fund, if necessary, in an amount that limits annual operating expenses (exclusive of interest, taxes, brokerage commissions, extraordinary expenses, Acquired Fund Fees and Expenses and payments, if any, under a Rule 12b-1 Distribution Plan) of Class A, Class C and Class I shares to not more than 1.15% of the average daily net assets allocable to each Class of the Income Fund. The Expense Limitation Agreement is currently in effect until October 1, 2017. The Expense Limitation Agreement may be terminated by the Trust or the Adviser at the end of its then-current term upon not less than 90 days’ notice. For the Stadion Alternative Income Fund, Acquired Fund Fees and Expenses were 0.01% of the Fund’s average daily net assets based on estimated amounts for the current fiscal year.

Stadion is the source for all of the graphs in this Overview. Prior to 4/30/15, the Stadion Alternative Income Fund was named the Stadion Tactical Income Fund. Stadion and the Stadion S are a registered service mark of Stadion Money Management, LLC. 

©2017 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar Rating for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed end funds, and separate accounts) with at least a three-year history.  Exchange traded funds and open ended mutual funds are considered a single population for comparative purposes.  It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance.  The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.  The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-,five-,and 10 year (if applicable) Morningstar Rating metrics.  The weights are 100% three-year rating for 36-59 months of total returns, 60% five year rating/40%three-year rating for 60-119 months of total returns, and 50% 10 year rating/30%five-year rating/20%three year rating for 120 or more months of total returns.  While the 10 year overall rating formula seems to give the most weight to the 10 year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. For 1 year performance, the fund ranked in the 94th percentile out of 112 funds. For 3 year performance, the fund ranked in the 60th percentile out of 72 funds. Stadion Alternative Income Fund was rated against the following numbers of Option Writing funds over the following time periods: 75 funds in the last three years. With respect to these Option Income funds, the Stadion Alternative Income Fund received a Morningstar Rating of 4 stars for the three-year period. 4 star overall rating out of 75 Tactical Allocation funds as of 3-31-17. Past performance is no guarantee of future results. Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

The Stadion Funds are distributed by ALPS Distributors, Inc.

Click here for a link to the Fund's prospectus.

An investor should consider the investment objectives, risks, and charges and expenses of the Stadion Funds carefully before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available by calling Stadion Funds directly at (866) 383-7636 or Stadion Money Management, LLC., the investment advisor, at (800) 222-7636. The prospectus should be read carefully before investing.

The Stadion Funds are distributed by ALPS Distributors, Inc. An investment in the Funds involves risk, including loss of principal.