The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class I shares for each full calendar year since the Fund’s inception. Returns for Class A and Class C shares, which are not presented, are different than the returns for Class I shares. The performance table compares the performance of the Fund over time to the performance of a broad-based securities market index and a supplemental index. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future. Updated performance information is available at no cost by calling 1-877-803-6583 or visiting www.ladenburgfunds.com.
| Best Quarter: | Third Quarter 2024 | 8.27% |
| Worst Quarter: | Second Quarter 2022 | (7.70)% |
The total return for Class I shares from January 1, 2026 to September 30, 2026 was 0.72%.
| One
Year |
Five Years |
Ten Years |
Since Inception (8/24/15) | |
| Return before taxes – Class I Shares | 8.90% | 2.72% | 3.84% | 3.50% |
| Return after taxes on distributions | 7.52% | 1.49% | 2.92% | 2.60% |
| Return after taxes on distributions and sale of Fund shares | 5.40% | 1.71% | 2.68% | 2.42% |
| Return before taxes – Class A Shares | 3.28% | 1.51% | 3.16% | 2.84% |
| Return before taxes – Class C Shares | 6.57% | 1.44% | 2.76% | 2.46% |
| Bloomberg US Gov’t/Credit Bond Index(1) | 6.88% | (1.57)% | 1.65% | 1.49% |
| S&P 500 Total Return Index(2) | 17.88% | 14.42% | 14.82% | 15.21% |
| (1) | The Bloomberg US Gov’t/Credit Bond Index is an unmanaged index which measures performance of U.S. dollar denominated U.S. Treasuries, government-related, and investment grade U.S. corporate securities that have a remaining maturity of greater than or equal to 1 year. In addition, the securities have $250 million or more of outstanding face value, and must be fixed rate and non-convertible. Investors cannot invest directly in an index or benchmark. |
| (2) | The S&P 500 Total Return Index is an unmanaged market capitalization-weighted index which is comprised of 500 of the largest U.S. domiciled companies and includes the reinvestment of all dividends. Investors cannot invest directly in an index or benchmark. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. The after-tax returns are not relevant if you hold your Fund shares in tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRA”). The after tax returns for Class A and Class C shares are not shown and would differ from those of Class I Shares.
The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class I shares for each full calendar year since the Fund’s inception. Returns for Class A and Class C shares, which are not presented, are different than the returns for Class I shares. The performance table compares the performance of the Fund over time to the performance of a broad-based securities market index and a supplemental index. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future. Updated performance information is available at no cost by calling 1-877-803-6583 or visiting www.ladenburgfunds.com.
| Best Quarter: | Second Quarter 2020 | 9.63% |
| Worst Quarter: | First Quarter 2020 | (10.87)% |
The total return for Institutional Class shares from January 1, 2026 to September 30, 2026 was 3.53%.
| One
Year |
Five Years |
Ten Years |
Since Inception (8/24/15) | |
| Return before taxes – Class I Shares | 9.40% | 4.48% | 5.50% | 5.16% |
| Return after taxes on distributions | 8.12% | 3.29% | 4.60% | 4.30% |
| Return after taxes on distributions and sale of Fund shares | 5.88% | 3.15% | 4.08% | 3.82% |
| Return before taxes – Class A Shares | 3.75% | 3.26% | 4.74% | 4.43% |
| Return before taxes – Class C Shares | 8.36% | 3.46% | 4.48% | 4.19% |
| Bloomberg US Gov’t/Credit Bond Index(1) | 6.88% | (1.57)% | 1.65% | 1.49% |
| S&P 500 Total Return Index(2) | 17.88% | 14.42% | 14.82% | 15.21% |
| (1) | The Bloomberg US Gov’t/Credit Bond Index is an unmanaged index which measures performance of U.S. dollar denominated U.S. Treasuries, government-related, and investment grade U.S. corporate securities that have a remaining maturity of greater than or equal to 1 year. In addition, the securities have $250 million or more of outstanding face value, and must be fixed rate and non-convertible. Investors cannot invest directly in an index or benchmark. |
| (2) | The S&P 500 Total Return Index is an unmanaged market capitalization-weighted index which is comprised of 500 of the largest U.S. domiciled companies and includes the reinvestment of all dividends. Investors cannot invest directly in an index or benchmark. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. The after-tax returns are not relevant if you hold your Fund shares in tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRA”). The after tax returns for Class A and Class C shares are not shown and would differ from those of Class I Shares.
The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class I shares for each full calendar year since the Fund’s inception. Returns for Class A and Class C shares, which are not presented, are different than the returns for Class I shares. The performance table compares the performance of the Fund over time to the performance of a broad-based securities market index and a supplemental index. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future. Updated performance information is available at no cost by calling 1-877-803-6583 or visiting www.ladenburgfunds.com.
| Best Quarter: | Second Quarter 2020 | 12.45% |
| Worst Quarter: | First Quarter 2020 | (13.73)% |
The total return for Institutional Class shares from January 1, 2026 to September 30, 2026 was 6.80%.
| One
Year |
Five Years |
Ten Years |
Since Inception (8/24/15) | |
| Return before taxes – Class I Shares | 10.67% | 6.18% | 7.22% | 6.88% |
| Return after taxes on distributions | 9.59% | 4.96% | 6.35% | 6.03% |
| Return after taxes on distributions and sale of Fund shares | 6.80% | 4.57% | 5.58% | 5.30% |
| Return before taxes – Class A Shares | 4.87% | 4.87% | 6.47% | 6.14% |
| Return before taxes – Class C Shares | 9.66% | 5.15% | 6.21% | 5.88% |
| S&P 500 Total Return Index(1) | 17.88% | 14.42% | 14.82% | 15.21% |
| Bloomberg US Gov’t/Credit Bond Index(2) | 6.88% | (1.57)% | 1.65% | 1.49% |
| (1) | The S&P 500 Total Return Index is an unmanaged market capitalization-weighted index which is comprised of 500 of the largest U.S. domiciled companies and includes the reinvestment of all dividends. Investors cannot invest directly in an index or benchmark. |
| (2) | The Bloomberg US Gov’t/Credit Bond Index is an unmanaged index which measures performance of U.S. dollar denominated U.S. Treasuries, government-related, and investment grade U.S. corporate securities that have a remaining maturity of greater than or equal to 1 year. In addition, the securities have $250 million or more of outstanding face value, and must be fixed rate and non-convertible. Investors cannot invest directly in an index or benchmark. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. The after-tax returns are not relevant if you hold your Fund shares in tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRA”). The after tax returns for Class A and Class C shares are not shown and would differ from those of Class I Shares.
The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class I shares for each full calendar year since the Fund’s inception. Returns for Class A and Class C shares, which are not presented, are different than the returns for Class I shares. The performance table compares the performance of the Fund over time to the performance of a broad-based securities market index and a supplemental index. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future. Updated performance information is available at no cost by calling 1-877-803-6583 or visiting www.ladenburgfunds.com.
| Best Quarter: | Second Quarter 2020 | 15.77% |
| Worst Quarter: | First Quarter 2020 | (16.97)% |
The total return for Institutional Class shares from January 1, 2026 to September 30, 2026 was 9.35%.
| One Year |
Five Years |
Ten Years |
Since Inception (8/24/15) | |
| Return before taxes – Class I Shares | 11.61% | 7.87% | 8.88% | 8.43% |
| Return after taxes on distributions | 10.44% | 6.77% | 8.11% | 7.69% |
| Return after taxes on distributions and sale of Fund shares | 7.69% | 6.06% | 7.10% | 6.73% |
| Return before taxes – Class A Shares | 5.83% | 6.58% | 8.15% | 7.72% |
| Return before taxes – Class C Shares | 10.57% | 6.86% | 7.89% | 7.45% |
| S&P 500 Total Return Index(1) | 17.88% | 14.42% | 14.82% | 15.21% |
| Bloomberg US Gov’t/Credit Bond Index(2) | 6.88% | (1.57)% | 1.65% | 1.49% |
| (1) | The S&P 500 Total Return Index is an unmanaged market capitalization-weighted index which is comprised of 500 of the largest U.S. domiciled companies and includes the reinvestment of all dividends. Investors cannot invest directly in an index or benchmark. |
| (2) | The Bloomberg US Gov’t/Credit Bond Index is an unmanaged index which measures performance of U.S. dollar denominated U.S. Treasuries, government-related, and investment grade U.S. corporate securities that have a remaining maturity of greater than or equal to 1 year. In addition, the securities have $250 million or more of outstanding face value, and must be fixed rate and non-convertible. Investors cannot invest directly in an index or benchmark. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. The after-tax returns are not relevant if you hold your Fund shares in tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRA”). The after tax returns for Class A and Class C shares are not shown and would differ from those of Class I Shares.
The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class I shares for each full calendar year since the Fund’s inception. Returns for Class A and Class C shares, which are not presented, are different than the returns for Class I shares. The performance table compares the performance of the Fund over time to the performance of a broad-based securities market index and a supplemental index. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future. Updated performance information is available at no cost by calling 1-877-803-6583 or visiting www.ladenburgfunds.com.
| Best Quarter: | Second Quarter 2020 | 19.15% |
| Worst Quarter: | First Quarter 2020 | (19.20)% |
The total return for Institutional Class shares from January 1, 2026 to September 30, 2026 was 10.92%.
| One
Year |
Five Years |
Ten Years |
Since Inception (8/24/15) | |
| Return before taxes – Class I Shares | 11.14% | 8.04% | 9.87% | 9.35% |
| Return after taxes on distributions | 9.86% | 7.15% | 9.16% | 8.67% |
| Return after taxes on distributions and sale of Fund shares | 7.53% | 6.25% | 7.98% | 7.55% |
| Return before taxes – Class A Shares | 5.38% | 6.79% | 9.29% | 8.79% |
| Return before taxes – Class C Shares | 10.12% | 7.08% | 8.90% | 8.42% |
| S&P 500 Total Return Index(1) | 17.88% | 14.42% | 14.82% | 15.21% |
| Bloomberg US Gov’t/Credit Bond Index(2) | 6.88% | (1.57)% | 1.65% | 1.49% |
| (1) | The S&P 500 Total Return Index is an unmanaged market capitalization-weighted index which is comprised of 500 of the largest U.S. domiciled companies and includes the reinvestment of all dividends. Investors cannot invest directly in an index or benchmark. |
| (2) | The Bloomberg US Gov’t/Credit Bond Index is an unmanaged index which measures performance of U.S. dollar denominated U.S. Treasuries, government-related, and investment grade U.S. corporate securities that have a remaining maturity of greater than or equal to 1 year. In addition, the securities have $250 million or more of outstanding face value, and must be fixed rate and non-convertible. Investors cannot invest directly in an index or benchmark. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. The after-tax returns are not relevant if you hold your Fund shares in tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRA”). The after tax returns for Class A and Class C shares are not shown and would differ from those of Class I Shares.