Soundwatch Hedged Equity Fund Institutional Class 

The fund allocates a significant portion—at least 80% of its net assets, alongside any borrowed funds utilized for investment—to a mix of equity securities and other investments that share similar financial characteristics with stocks. This investment portfolio may consist of common stocks listed on U.S. exchanges, futures contracts based on equity indexes, and/or exchange-traded funds (ETFs) designed to mirror the performance of the S&P 500 Index. For the purpose of adhering to this 80% investment guideline, the Adviser will take into account the underlying holdings of any ETFs in which the fund invests.