Overview

Acadia Principal Conservation Fund (APFC) was created for investors seeking a better return than available from money market funds, certificates of deposit and guaranteed investment products with daily liquidity and greater return with only a marginally increased principal risk. APFC fills the need in any diversified portfolio as the short term component available for immediate term needs and for the timing of longer term security purchases.

Under normal market conditions, the Fund invests primarily in short-term debt instruments such as demand deposits, money market, certificates of deposit issued by FDIC-insured banks, U.S. Treasury obligations and repurchase agreements collateralized by U.S. government securities. The investment manager negotiates for larger volume rates on these investments.

The Fund may also invest up to 35% of its assets in investment grade corporate debt and trust preferred debt securities. Additionally, the Fund may invest in securities issued by federal agencies or government-sponsored enterprises (GSEs). The Fund expects to maintain a dollar-weighted average maturity of between 4 and 10 years.

Acadia Mutual Fund Management, LLC the fund's adviser selects fixed income securities whose yield is sufficiently attractive in view of the risks of ownership. In deciding whether the fund should invest in a particular security, the Adviser considers a number of factors such a credit quality of the issuer, expected changes in the credit level, yield-to-maturity, tax efficiency, hedging strategies and economic forecasts.