October 23, 2018 | Press Release
Belmont Capital Group launches fund in Ultimus’ Valued Advisers Trust
CINCINNATI, OHIO – October 23, 2018- Ultimus Fund Solutions®, LLC (Ultimus®) announces that it has been chosen by Belmont Capital Group (Belmont) to provide fund administration services for their new fund, the Belmont Theta Income Fund (Fund). The Los Angeles, California based investment firm, with over $1 billion dollars in assets under management, launched their fund through Valued Advisers Trust (VAT). Ultimus provides a full range of services including fund administration, compliance, fund accounting, financial administration, transfer agency and distribution support.
The Fund seeks long-term growth of capital and income generation with limited correlation to equity markets. The Fund utilizes an option premium collection strategy, the “Theta Overlay Program,” as an overlay on its short-term fixed income portfolio. The Fund’s investments in short-term fixed income instruments are intended to provide liquidity and preserve capital. Belmont recognized increasing popularity and demand for this type of strategy and determined that it could start a mutual fund to help meet the needs of the market.
“We had been looking for ways to grow our firm and realized that a mutual fund was the next best step for growth,” said Belmont’s Managing Partner, Daniel Beckwith. “It was important for us to be able to focus on managing the fund investments, and not to be mired in day-to-day fund operations. Our team was eager to work with Ultimus because of their experience and knowledge in mutual fund administration, particularly in their consultative approach to both the practice management and distribution aspects.”
“We are thrilled to offer our full suite of services to Belmont,” said Mark Seger, Co-CEO and Managing Director of Ultimus. “Belmont had a lot of demand for their strategy in a fund format and strong connections from a distribution perspective.We are excited to partner with them to launch this innovative product and are pleased to provide our expertise in navigating the marketplace.”
About Ultimus Fund Solutions
Ultimus Fund Solutions provides highly customized and comprehensive middle and back office services to investment advisers. Ultimus’ high-quality services include solutions for mutual funds, separately managed accounts, private investment funds and other pooled investment structures.
Our offering comes with a deep commitment to excellence, achieved through our investments in both talent and technology, with constant focus on maintaining our boutique service culture. As a result, Ultimus has stood out as an award-winning, trusted business partner to investment advisers and fund families since 1999.
Ultimus’ comprehensive service solutions are provided by seasoned teams of accountants, attorneys, paralegals, application developers and other professionals with a wealth of financial services experience. For more information, visit www.ultimusfundsolutions.com.
The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Fund, and it should be read carefully before investing. To obtain a prospectus, call 800-789-1087.
The Belmont Theta Income Fund is distributed by Ultimus Fund Distributors, LLC.
Investing involves risk, including loss of principal. There is no guarantee that the Fund will meet its investment objectives.Options involve risks different from, and in some respects greater than, the risks associated with investing in more traditional investments, such as stocks and bonds.No strategy, including option strategies, can eliminate risk.The Fund’s use of derivative instruments will result in leverage, which amplifies risk.The option premium collection strategy may result in the generation of positive returns for the Fund; however, the loss potential if the strategy is not effective may be greater than the profit potential.The Fund may lose significantly more than the premium it receives in highly volatile market conditions.The value of investments with interest rate risk, such as debt securities, will move in the direction opposite to movements in interest rates.If interest rates rise, the value of such securities may decline.The value of the Fund’s shares, when redeemed, may be worth more or less than their original cost.