Stadion Tactical Growth Fund

The Stadion Tactical Growth Fund is an allocation strategy utilizing a proprietary Sharpe ratio analysis to maintain or reduce equity exposure. Broad market ETFs and sector ETFs are over/under weighted based on potential return per unit of risk taken.

Prices as of 6/28/2017

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Share Class Ticker CUSIP Inception Date Current NAV Previous NAV Difference
A ETFAX 85235B814 04/01/13 $11.14 $11.04 0.91%
C ETFCX 85235B798 04/01/13 $10.84 $10.75 0.84%
I ETFOX 85235B780 04/30/04 $11.23 $11.14 0.81%

Prices as of 6/28/2017

Core Equity Fund That Can Become Defensive

 

A Risk Adjusted Approach to Security Selection

How we manage the fund:

  1. Research
    Sharpe ratio research is conducted daily on almost 2,000 ETFs. Sharpe ratio, developed by Nobel Laureate William F. Sharpe, has become the industry standard for calculating risk-adjusted return of a portfolio.
  2. Analysis
    Sharpe ratio is a tool to compare risk and return characteristics of different types of ETFs. We identify ETFs with persistently high or growing Sharpe ratios.

  3. Selection
    As market conditions and Sharpe ratios change, the fund can reduce or increase equity exposure. A diversified portfolio of 8-15 ETFs is constructed accounting for market volatility and return potential.

 

Fund Quarter-End Allocations

The Stadion Tactical Growth Fund shifts between domestic equity ETFs, international equity ETFs, and a defensive allocation based on our proprietary Sharpe ratio analysis.


Portfolio allocations are a historical reference and no guarantee of how the portfolio will be allocated in the future. Past performance is no guarantee of future results. Allocations are subject to change. 1Average quarterly allocation of international and equity ETFs.

Investment results are best measured in full market cycles.

Since the Last Peak

The Stadion Tactical Growth Fund losses from the 2007 – 2009 global financial crisis were recovered by the Fund by 12/23/09. In comparison, the S&P 500 Index recovery took an additional 2 years, until 4/2/12.


Performance data quotes represents past performance. Past performance is no guarantee of future results. 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. Diversification does not eliminate the risk of experiencing investment losses. 1BarUS Agg = Bloomberg Barclays US Aggregate Bond Index.

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 5/31/17 (%)

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3 Mo. YTD 1 YR 3 YR 5 YR 10 YR Since Inception
Class A NAV 0.36 2.89 12.48 5.07 8.46 6.06 6.42
Class A, Load -5.40 -2.99 6.00 3.02 7.19 5.43 5.94
Class C NAV 0.19 2.58 11.64 4.28 7.65 5.26 5.62
Class C, CDSC -0.81 1.58 10.64 4.28 7.65 5.26 5.62
Class I 0.45 3.06 12.79 5.35 8.74 6.33 6.69
Morningstar Category: Tactical Allocation 1.96 5.22 9.33 1.50 4.68 2.46 4.03
Morningstar Moderately Aggressive Target Risk Index 3.42 8.57 15.09 5.26 10.27 5.31 7.55
S&P 500 Index 2.57 8.66 17.47 10.13 15.42 6.94 8.37

Class I shares Inception Date: 4/30/04; Performance for Class A shares and Class C shares prior to 4/1/13 is based on the performance of Class I Shares.

Class I shares Inception Date: 4/30/04; Performance for Class A shares and Class C shares prior to 4/1/13 is based on the performance of Class I Shares.

Class I shares Inception Date: 4/30/04; Performance for Class A shares and Class C shares prior to 4/1/13 is based on the performance of Class I Shares.

Performance as of 5/31/17 (%)

Most Recent Quarter End Performance as of 3/31/17 (%)

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3 Mo. YTD 1 YR 3 YR 5 YR 10 YR Since Inception
Class A NAV 2.33 2.33 13.25 5.50 7.02 6.62 6.46
Class A, Load -3.52 -3.52 6.76 3.44 5.76 5.99 5.97
Class C NAV 2.10 2.10 12.29 4.66 6.21 5.82 5.66
Class C, CDSC 1.10 1.10 11.29 4.66 6.21 5.82 5.66
Class I 2.41 2.41 13.46 5.75 7.29 6.89 6.72
Morningstar Category: Tactical Allocation 3.35 3.35 8.51 1.59 3.42 2.64 3.94
Morningstar Moderately Aggressive Target Risk Index 5.71 5.71 14.33 5.09 8.11 5.65 7.43
S&P 500 Index 6.07 6.07 17.17 10.37 13.30 7.51 8.28

Class I shares Inception Date: 4/30/04; Performance for Class A shares and Class C shares prior to 4/1/13 is based on the performance of Class I Shares.

Class I shares Inception Date: 4/30/04; Performance for Class A shares and Class C shares prior to 4/1/13 is based on the performance of Class I Shares.

Class I shares Inception Date: 4/30/04; Performance for Class A shares and Class C shares prior to 4/1/13 is based on the performance of Class I Shares.

Most Recent Quarter End Performance as of 3/31/17 (%)

Calendar Year Returns (%)

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2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Class A NAV 7.29 2.80 8.94 0.18 -23.95 31.99 18.40 0.33 9.86 21.24 9.54 -3.42 9.32
Class C NAV 6.97 1.94 8.04 -0.65 -24.59 30.89 17.51 -0.58 8.90 20.29 8.71 -4.14 8.50
Class I 7.40 2.97 9.12 0.35 -23.83 32.20 18.70 0.41 9.99 21.55 9.84 -3.19 9.55
Morningstar Category: Tactical Allocation 8.39 4.99 9.91 6.17 -24.74 19.98 12.27 -2.84 9.31 8.60 2.69 -5.88 6.17
Morningstar Moderately Aggressive Target Risk Index 12.79 8.85 15.99 8.94 -30.65 27.55 14.92 -1.93 14.33 20.18 4.97 -2.40 9.44
S&P 500 Index 10.77 4.91 15.79 5.49 -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96

Performance data shown for 2004 represents a partial year, from the fund’s inception (4/30/04) through 12/31/04.

Performance data shown for 2004 represents a partial year, from the fund’s inception (4/30/04) through 12/31/04.

Performance data shown for 2004 represents a partial year, from the fund’s inception (4/30/04) through 12/31/04.

Calendar Year Returns (%)

Expense Ratio as of 5/31/17

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Gross 1.94%
Current1 1.55%
Gross 2.72%
Current1 2.30%
Gross 1.72%
Current1 1.30%

Expense Ratio as of 5/31/17

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 1.15%
Distribution and / or Service (12b-1) Fees4 0.25%
Other Expenses2 0.31%
Acquired Fund Fees & Expenses 0.23%
Total Annual Fund Operating Expenses2 1.94%
Management Fees 1.15%
Distribution and / or Service (12b-1) Fees4 1.00%
Other Expenses2 0.34%
Acquired Fund Fees & Expenses 0.23%
Total Annual Fund Operating Expenses2 2.72%
Management Fees 1.15%
Distribution and / or Service (12b-1) Fees N/A
Other Expenses 0.34%
Acquired Fund Fees & Expenses 0.23%
Total Annual Fund Operating Expenses2 1.72%

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.

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.

2The Growth Fund's investment adviser, Stadion Money Management, LLC (the "Adviser") has entered into an Expense Limitation Agreement with the Growth Fund under which it has contractually agreed to waive Management Fees and to assume other expenses of the Growth Fund, if necessary, in an amount that limits annual operating expenses (exclusive of interest expense on any borrowings, 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 1.30% of the average daily net assets allocable to each Class of the Growth Fund. The Expense Limitation Agreement is currently in effect until October 1, 2017. Pursuant to the Expense Limitation Agreement, if the Adviser so requests, any Fund Operating Expenses waived or reimbursed by the Adviser pursuant to the Agreement that had the effect of reducing Fund Operating Expenses from 1.70% (or lower) to 1.30% within the most recent three fiscal years prior to the request shall be repaid to the Adviser by the Fund; provided, however, that the total annual Fund Operating Expenses for the applicable following year, after giving effect to the repayment, shall not exceed 1.30% of the average daily net assets of the Fund (or any lower expense limitation or limitations to which the parties may otherwise agree). The Expense Limitation Agreement may be terminated by the Stadion Investment Trust or the Adviser at the end of its then-current term upon not less than 90 days' notice.

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.

The Growth Fund’s investment adviser, Stadion Money Management, LLC (the “Adviser”) has entered into an Expense Limitation Agreement with the Growth Fund under which it has contractually agreed to waive Management Fees and to assume other expenses of the Growth Fund, if necessary, in an amount that limits annual operating expenses (exclusive of interest expense on any borrowings, 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 1.30% of the average daily net assets allocable to each Class of the Growth Fund. The Expense Limitation Agreement is currently in effect until October 1, 2017. Pursuant to the Expense Limitation Agreement, if the Adviser so requests, any Fund Operating Expenses waived or reimbursed by the Adviser pursuant to the Agreement that had the effect of reducing Fund Operating Expenses from 1.70% (or lower) to 1.30% within the most recent three fiscal years prior to the request shall be repaid to the Adviser by the Fund; provided, however, that the total annual Fund Operating Expenses for the applicable following year, after giving effect to the repayment, shall not exceed 1.30% of the average daily net assets of the Fund (or any lower expense limitation or limitations to which the parties may otherwise agree). The Expense Limitation Agreement may be terminated by the Stadion Investment Trust or the Adviser at the end of its then-current term upon not less than 90 days’ notice. For the Stadion Tactical Growth Fund, Acquired Fund Fees and Expenses were estimated to be 0.20% of the Fund’s average daily net assets based on estimated amounts for the current fiscal year. 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. Returns for periods greater than one year are annualized. Not FDIC Insured | No Bank Guarantee | May Lose Value. 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. Class I shares Inception Date: 4/30/04; performance for Class A shares and Class C shares prior to 4/1/13 is based on the performance of Class I Shares. Calendar Year Performance data shown for 2004 represents a partial year, from the fund’s inception (4/30/04) through 12/31/04.

Risk Statistics as of 5/31/17

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Fund Morningstar Category: Tactical Allocation Morningstar Moderately Aggressive Target Risk Index S&P 500 Index
Beta vs S&P 500 0.86 0.57 0.84 1.00
Standard Deviation 13.18% 8.38% 11.91% 13.75%
Sharpe Ratio 0.41 0.33 0.53 0.52

Risk Statistics as of 5/31/17

Portfolio Holdings as of 5/31/17

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Percent Holding Asset Type Asset Focus Holding Name
15.00% DOM L SPDR S&P 500
15.00% DOM L Vanguard Growth
14.00% DOM L Powershares QQQ
7.50% DOM S iShares Core S&P Small Cap
7.50% DOM S iShares Russell 2000
5.00% DOM X SPDR Consumer Staples
5.00% DOM X SPDR Real Estate
5.00% DOM X SPDR S&P Bank
2.00% NONC FI Cash
9.00% NONC FI PIMCO Enhanced Short Maturity
5.00% NONC FI iShares Iboxx Investment Grade Corporate Bond
5.00% INTL DM iShares MSCI Eurozone
5.00% INTL EM iShares MSCI India

Portfolio Holdings as of 5/31/17

DOM: Domestic equity ETFs, INTL: International equity ETFs, NONC: Non-correlated - commodity, cash, fixed income, X: Sector/Industry, M: Mid Cap, L: Large Cap, FI: Fixed Income, DM: Developed, S: Small Cap, CM: Commodity, EM: Emerging, CR: Currency

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. The Sharpe ratio measures the excess return per unit of deviation, or risk. 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. Standard Deviation measures the average deviations of a return series from its mean, and is often used as a measure of risk. 

Stadion Tactical Growth Fund

Photo of Paul Frank

Paul Frank, Senior Portfolio Manager, Tactical Growth Strategy Lead

  • 23 years as a Portfolio Manager
  • 25 years trading experience

Paul Frank joined Stadion Money Management in 2013 as a Senior Portfolio Manager. Prior to joining Stadion, Paul founded Aviemore Asset Management, LLC in 1993 and served as its President until 2013. In 2004 he established the ETF Market Opportunity Fund. He also served as President, Treasurer, Trustee and Chief Compliance Officer of Aviemore Funds from 2004 until 2013. Paul has a Bachelor of Arts in History and Economics from Drew University. He also completed a Masters of Business Administration in Finance from Fordham University's Graduate School of Business Administration in 1992, where he earned the Dean's award for academic excellence and was named class Salutatorian. Outside of the office Paul enjoys spending time with his family, is an avid hockey fan and enjoys fishing.

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.

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.

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.

Bloomberg Barclays US 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 Target Risk Index family is designed to meet the needs of investors who would like to maintain a target level of equity exposure through a portfolio diversified across equities, bonds and inflation-hedged instruments. The Morningstar Moderately Aggressive Target Risk Index seeks approximately 80% global equity exposure. The S&P 500 Index is the Standard & Poor’s Composite Index of 500 stocks and is a widely recognized, unmanaged index of common stock prices. One cannot invest directly in an index.

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.

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.

© 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 22nd percentile out of 305 funds. Stadion Tactical Growth Fund was rated against the following numbers of U.S.-domiciled Tactical Allocation funds over the following time periods: 247 funds in the last three years, 170 funds in the last five years, and 66 funds in the last 10 years. With respect to these Tactical Allocation funds, the Stadion Tactical Growth Fund received a Morningstar Rating of 5 stars, 5 stars and 5 stars for the three-, five- and 10-year periods, respectively. 5 star overall rating out of 247 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. Prior to March 28, 2014, the Fund was named the Market Opportunity 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.