Stadion Managed Risk 100 Fund

The Stadion Managed Risk 100 Fund seeks to complement traditional asset allocation while reducing volatility and correlation, with a secondary emphasis on capital preservation.

Stadion Managed Risk 100 Fund seeks to manage market risk with a proprietary technical analysis process that measures equity risk levels and then allocates the portfolio accordingly. The Fund can actively shift between equity ETFs and cash/cash equivalents.

The Fund’s Investment Process

We believe that evaluating the risk that accompanies the returns is just as important as evaluating performance.

  1. Analyze risk.
    Stadion Managed Risk 100 Fund's proprietary technical analysis considers long-, intermediate- and short-term measures to determine equity risk levels.

  2. Allocate portfolio.
    Portfolio allocation is driven by equity risk levels, current market trends and daily technical analysis.
     
  3. Manage risk through buy/sell criteria.
    Individual holdings: Select 10-15 ETFs based on risk and trend filters. Portfolio level dynamic sell criteria.
    Allocation management: Adjust equity exposure based on proprietary technical analysis.

Actively Managed According to Market Conditions

As market conditions change, Stadion’s model uses a number of technical indicators to measure the risk. 
 

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 5 YR Since Inception
Class A NAV 4.85 4.85 7.33 -1.33 -0.25 1.35
Class A, Load -1.14 -1.14 1.17 -3.24 -1.43 0.78
Class C NAV 4.67 4.67 6.53 -2.10 -1.02 0.55
Class C, CDSC 3.67 3.67 5.53 -2.10 -1.02 0.55
Class I 5.00 5.00 7.45 -1.15 -0.06 1.57
S&P 500 Index 6.07 6.07 17.17 10.37 13.30 7.87
Morningstar Category: Tactical Allocation 3.35 3.35 8.51 1.59 3.42 3.11

Class A shares Inception Date: 9/15/06. Performance for Class I shares prior to 5/28/10 and for Class C prior to 10/01/09 is based on the performance of Class A Shares. Maximum Sales Load 5.75%

Class A shares Inception Date: 9/15/06. Performance for Class I shares prior to 5/28/10 and for Class C prior to 10/01/09 is based on the performance of Class A Shares. Maximum Sales Load 5.75%

Class A shares Inception Date: 9/15/06. Performance for Class I shares prior to 5/28/10 and for Class C prior to 10/01/09 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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2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Class A NAV 5.96 7.59 -5.77 2.73 10.59 -13.69 11.16 4.92 -1.56 -16.17 7.46
Class C NAV 5.84 6.74 -6.51 1.80 9.77 -14.33 10.21 4.21 -2.32 -16.96 6.72
Class I 5.96 7.65 -5.70 2.92 10.81 -13.47 11.34 5.19 -1.36 -16.09 7.60
S&P 500 Index 6.70 5.49 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96
Morningstar Category: Tactical Allocation 4.72 6.17 -24.74 19.98 12.27 -2.84 9.31 8.60 2.69 -5.88 6.17

Performance data shown for 2006 represents a partial year, from the fund’s inception (9/15/06) through 12/31/06.

Performance data shown for 2006 represents a partial year, from the fund’s inception (9/15/06) through 12/31/06.

Performance data shown for 2006 represents a partial year, from the fund’s inception (9/15/06) through 12/31/06.

Calendar Year Returns (%)

Expense Ratio as of 3/31/17

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Gross 2.05%
Current1 1.90%
Gross 2.84%
Current1 2.69%
Gross 1.87%
Current1 1.70%

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)3 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)5 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 1.24%
Distribution and / or Service (12b-1) Fees4 0.25%
Other Expenses 0.37%
Acquired Fund Fees & Expenses 0.19%
Total Annual Fund Operating Expenses2 2.05%
Management Fees 1.24%
Distribution and / or Service (12b-1) Fees4 1.00%
Other Expenses 0.41%
Acquired Fund Fees & Expenses 0.19%
Total Annual Fund Operating Expenses2 2.84%
Management Fees 1.24%
Distribution and / or Service (12b-1) Fees N/A
Other Expenses 0.44%
Acquired Fund Fees & Expenses 0.19%
Total Annual Fund Operating Expenses2 1.87%

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. 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.

1The 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.

2"Total Annual Fund Operating Expenses" will not correlate to the Managed Risk 100 Fund's Financial Highlights, which reflect the operating expenses of the Fund but do not include "Acquired Fund Fees and Expenses."

3In 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.

4The 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.

5A 1.00% CDSC will be assessed on shares redeemed within 12 months of purchase.

For the Stadion Managed Risk 100 Fund, Acquired Fund fees and Expenses were 0.15% of the Fund’s average daily net assets for the fiscal year ended May 31, 2015. 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. The Current Expense Ratio does not include Acquired Fund Fees and Expenses. Prior to 3/28/14, the Stadion Managed Risk 100 Fund was named the Stadion Managed Fund. For any such purchases where a finder’s fee is paid by the Advisor a contingent deferred sales charge (CDSC) will be charged at the time of redemption if the shares are redeemed within 12 months of the purchase date. The CDSC will be based on the original purchase cost or the current market value of the shares being sold, whichever is less. A 1.00% CDSC will be assessed on class C shares purchased on or after October 1, 2012 and redeemed within 12 months of purchase.

Risk Statistics as of 3/31/17

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Fund S&P 500 Index Morningstar Category: Tactical Allocation
Beta vs S&P 500 0.26 1.00 0.57
Downside Risk 5.53% 11.49% 7.06%
Maximum Drawdown -20.58% -50.95% -33.85%
Standard Deviation 7.92% 14.98% 9.12%
Sharpe Ratio 0.08 0.47 0.25
Correlation 0.49 1.00 0.93
Sortino Ratio 0.12 0.67 0.34

Risk Statistics as of 3/31/17

Portfolio Holdings as of 3/31/17

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Percent Holding Holding Name
2.00% Cash
25.00% SPDR DJIA
25.00% SPDR S&P 500
25.00% SPDR Technology
23.00% Powershares QQQ

Portfolio Holdings 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.

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. Downside Risk is calculated in the same manner as Standard Deviation, but only those observations below the mean are used in the calculation. Maximum Drawdown measures the largest percentage decline from a peak to a trough. Standard Deviation measures the average deviations of a return series from its mean, and is often used as a measure of risk. 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. Up market capture is a measure of a portfolio’s performance relative to an index in up markets. Down market capture is a measure of a portfolio’s performance relative to an index in down markets. The Sortino Ratio, a variation of the Sharpe ratio, differentiates harmful volatility from volatility in general by using downside deviation instead of standard deviation in the denominator of the formula. 

Stadion Managed Risk 100 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.

Domestic Equity Risk Level As of 04/18/2017

The Domestic Equity Risk Level is designed to measure the overall risk levels in the U.S. market. “Green” is the most favorable reading, indicating that risk levels are relatively low. When the level is “Green”, the portfolio will be positioned to participate in the market. “Red” means the measure has assessed the market conditions as unfavorable, meaning that risk levels are relatively high. When the level is “Red”, the portfolio will be positioned more defensively.

 

There is no guarantee that this investment strategy will succeed, the strategy is not an indicator of future performance and investment results may vary. The investment strategy presented is not appropriate for every investor and individual clients should review with their financial advisors the terms and conditions and risk involved with specific products or services. Stadion’s actively managed portfolios may underperform during bull markets.

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. 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.

Investment Risks:
Investment in the Fund is subject to investment risks, including, without limitation, market risk, management style risk, risks related to “fund of funds” structure, sector risk, fixed income risk, tracking risk, risks related to ETF net asset value and market price, foreign securities risk, risks related to portfolio turnover and small capitalization companies risk. Since the Fund is a “fund of funds,” an investor will indirectly bear fees and expenses charged by the underlying ETFs and investment companies in which the Fund invests in addition to the Fund’s direct fees and expenses. More information about these risks and other risks can be found in the Fund’s prospectus.

The S&P Index is the Standard & Poor’s Composite Index of 500 stocks and is a widely recognized, unmanaged index of common stock prices. It is not possible to invest directly in indexes (like the S&P 500) which are unmanaged and do not incur fees and charges.

The Morningstar Tactical Allocation Category is a benchmark created and published by Morningstar and is defined as “Portfolios seek to provide capital appreciation and income by actively shifting allocations between asset classes.” ©2017 Morningstar. 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.

Prior to 3/28/14, the Stadion Managed Risk 100 Fund was named the Stadion Managed Fund.

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.