FFLS

FFLS is a long/short equity fund that seeks to capitalize on megatrends driving the economy through a high-conviction, risk-managed active strategy. The adviser uses proprietary fundamental research to identify companies considered best positioned to benefit from the following change-driven secular trends: social networking, mobility, climate change, E-commerce, automation, medical technology, data management, FinTech, digital entertainment, and lifestyle improvement. The fund seeks to invest long in the "thematic winners” while shorting companies deemed "thematic losers”. FFLS targets a net long exposure, which may exceed 100% of its net assets. The fund's long/short exposure will vary over time depending on the adviser's view of market conditions and other factors. The fund may utilize derivatives to maintain long and short positions, enhance returns, and hedge the portfolio. The adviser seeks to use a long-term approach to investing, which typically results in low to moderate turnover.