|JANUARY 30, 2012|
|Knight Announces Astor Long/Short ETF Mutual Fund Added to Paychex 401(k) Platform|
JERSEY CITY, N.J.,
"We are very excited about having the
Astor specializes in constructing portfolios by investing in exchange-traded funds based on a macroeconomic approach to tactical asset allocation. Astor's strategies are designed to offer investors exposure to multiple asset classes, with the goal of providing investors with positive returns throughout a complete market cycle. These portfolios of ETFs are offered through the
For more information about Astor Asset Management, please visit http://www.astorllc.com/ or call 800-899-8230.
Long: The purchase of exchange-traded funds that are designed to track the performance of an equity index, such as the S&P 500 Index or a more specific index such as the Dow Jones U.S. Telecommunications Sector Index.
Short: The purchase of exchange-traded funds that are designed to profit from a decline in the value of an underlying benchmark such as a stock index, generally structured to replicate the opposite (inverse) of the daily performance of the benchmark index minus fees and expenses.
An investor should consider the Astor funds' investment objectives, risks, charges, and expenses carefully before investing. This and other information about the Astor funds are contained in the fund's prospectus, which can be obtained by calling (877) 380-0333. Please read the prospectus carefully before investing. The funds are distributed by
Mutual funds involve risk including the possible loss of principal.
The fund achieves its investment objective by primarily investing in exchange-traded funds (ETFs). An ETF is a type of investment company whose investment objective is to achieve the same return as a particular market index. An ETF will invest in either all of the securities or a representative sample of the securities included in the index. ETFs and underlying funds are subject to investment advisory and other expenses, which will be indirectly paid by the fund. As a result, your cost of investing in the fund will be higher than the cost of investing directly in ETFs or underlying funds and may be higher than other mutual funds that invest directly in stocks, bond or other assets.
The fund may purchase ETFs and underlying funds that invest in "alternative asset" or "specialty" market segments. The risks and volatility of these investments are linked to narrow segments of the economy such as commodities, real estate, or currency exchange rates and may include leverage, which magnifies the changes in the value of the ETF or underlying fund. When the fund invest in fixed-income ETFs or underlying funds the value of your investment in the funds will fluctuate with changes in interest rates. Debt issuers may not make interest or principal payments, resulting in losses to the funds. In addition, the credit quality of securities held by an ETF or underlying fund may be lowered if an issuer's financial condition changes. The fund engages in hedging or declining-market strategies by investing in inverse ETFs and underlying funds, which could result in significant losses. This fund will not participate in market gains to the extent it holds inverse securities.
Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks related to the corporate restructuring in the third quarter 2011, including the ability to recognize anticipated cost savings, the possibility of unexpected costs or expenditures, and the impact of the restructuring on the Company's businesses and results of operations, risks associated with changes in market structure, legislative, regulatory and financial rules changes, risks associated with the Company's changes to its organizational structure and management and the costs, integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the
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