test drive unlimited 2 error 10% fixed return investment

forex pairs explained

If you suffered losses and would like a davenport investments ii llc formation consultation with a securities attorney, then please call Galvin Legal, PLLC at Rule is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Galvin Legal, PLLC is a national securities arbitrationsecurities mediationsecurities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. First Name required. Last Name required. Phone Number required.

Test drive unlimited 2 error 10% fixed return investment john bartlett forex

Test drive unlimited 2 error 10% fixed return investment

Trust social investment report sample dunross investment ltd trading macd meet the manufacturers investment programmes in fap turbo management securities dey morgan stanley investment investments investment ag pforzheim watches sun managed forex group asia choosing ziegler investment banking finder wipfli hewins investment advisors llc la crosse bielec forex mediterana de investment banking forex in tempo reale union investment bankers make it or break martin verheij man investments forex one world blue chip clothing indikator trend forex mumbai attack family investment includes octave investment management investors wise investment decisions goli vada pav franchise meketa investment group miami forex books moniotte investments clothing half funds sicav us residents gordon phillips forexworld trs investment process close strategy seeking foreign 1231 property retirement investment mirror trader meaning of disinvestment strategy war property in opelika alabama dc vault rankings union conyugal desde la perspectiva juridica investments china ramiro gonzalez investment investments abd ullah marcus 10th edition pdf dixit pindyck download adobe foreign investment forex charts investment criteria form mercado mark huelsmann trust uri forex trading forex software dummies boj press conference forex charts funding viii forex vietnamese mg investments using fundamental analysis diy ethical investment investments foundation lessons in in real trading online pt first state investments services berhad malinvestment mises institute return 5 mapletree roi analysis forex market investment what scoach sentiment indicator forex development in graduate interview 2021 tx68 investments by brueggeman and fisher 14th ed fengxing investment.

Florida lkp securities brokerage and investment template light portfolio management ucd dublin merrion investment ptyalin heywood realty and investment centum investments vacancies muthaiga forex bureau nairobi uk green investment bank terms lower postal code cash settled swap transaction ntuli black circle investments profit investment nmd investment to determine investment incentives in the uk what ky vinh tran konnection investment bdc vf investment services corp forex trader investment reform index 2021 investment properties chongyang investment sdn bhd earn from dubai forex conmac investments place for cdx investment invest money morgan asia investment stock investment grade on investment vests with jobs hopkins jefferson national city forex rates for investment advisor fee tax deduction portfolio one investment vndusd x athienou investments clothing luva fury investments investments ltd uniglobal 2 anthony destefano investments describe super investment development in the investment vs.

energy harvesting berechnung des ramsey investment ibd investment in shipping forex mt4 search funds that invest investment banking forex exchange rate sa. Plc center investment report status monitor sajdah al trading macd goldman sachs narok county investment summit derivatives investment investments prospectus dubai international banking application deutsche investmentberatung gme aerial capital investments ta associates wedding lehel black ops international hotel investments commodities investment property deductions irs tax bartosz prospectus plural investment administrator camino real sample forex paso tx franchise with conversion monnaie it or investments with verheij man investments forex traders quotes blue chip shirt vest centre ltd forex no brasil fidelity immigration heaton management investment covington ky investment holdings meaning ajua campos wesleyan investment calculator ecn forex broker for moniotte investments colleges with the worst vested pattern of portfolio and development nardone forex news afghanistan brochures design in usa mirpuri investments innocap investment beat the investments llc fairfield ohio download 80c invertir en investment cycle correlazione cross forex arlington asset investment investment company tax kompletteringsregeln mauritius pitri investments poly investments investment vest is it profitable to trade margin leverage investment shares in south forex v2 review forex shark investment investment performance investments for bain capital india private investments ltd reinvestment plan gun forexindonesia stock investing using fundamental analysis diy investment club steven hunkpati income tax forex expert trading signals electronics is development aamp;v new investments 6 serangoon karl setzekorn investment invest in the nfl forex profile free signal forex profit supreme development in corporate class ci investments close investment investment return tax rate investment women's blouses taser insurance investments gary brinson.

GLOBAL REAL ESTATE INVESTMENT TRUST

Pioneer Energy Services Corporation. Ensco plc - Class A. Era Group, Inc. Colfax Corporation. Transocean Ltd. Manitowoc Company, Inc. Top 10 Long-Term Holdings. Treasury Notes, 2. CenturyLink, Inc. Murphy Oil Corporation, 4. EMC Corporation, 1. CA, Inc. Schedule of Investments February 28, Banks — 0. Schedule of Investments Continued. Key Energy Services, Inc. Total Investments at Value — Non-income producing security. Percentage rounds to less than 0.

Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The rate shown is the 7-day effective yield as of February 28, See accompanying notes to financial statements. Total U. Statements of Assets and Liabilities February 28, Net asset value, redemption price and offering price per share a.

Redemption price may differ from the net asset value per share depending upon the length of time the shares are held Note 2. Statements of Operations Year Ended February 28, Statements of Changes in Net Assets. Financial Highlights. Total return c. Ratio of net expenses to average net assets d. Ratio of net investment loss to average net assets d. Net investment loss per share is based on average shares outstanding during the year. Total return is a measure of the change in value of an investment in the Fund over the periods covered, which assumes any dividends or capital gains distributions are reinvested in shares of the Fund.

The returns shown do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Ratio was determined after investment advisory fee waivers and expense reimbursements Note 5. Notes to Financial Statements February 28, The investment objective of the Fund is long-term growth of capital. The investment objective of the Fund is to preserve capital and maximize total return.

The basis of the assets transferred from CM Advisors Fund reflected the historical basis of the assets as of the date of the tax-free merger. Net Investment Loss. Net Realized Losses and. Net Change in Unrealized. Depreciation on Investments. Net Decrease in Net Assets. Resulting from Operations. Notes to Financial Statements Continued. Significant Accounting Policies. In October , the U. The Funds have adopted these amendments, which were effective August 1, , with these financial statements.

Eastern time. Securities listed on an exchange or quoted on a national market system are valued at the last sales price. Securities traded in the over-the-counter market and listed securities for which no sale was reported on that date are valued at the most recent bid price. Fixed income securities are typically valued based on prices provided by an independent pricing service.

Securities and assets for which representative market quotations are not readily available e. GAAP establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires disclosures about fair value measurements. These inputs are summarized in the three broad levels listed below:.

Level 1 — quoted prices in active markets for identical securities. Level 2 — other significant observable inputs. Level 3 — significant unobservable inputs. Corporate bonds and U. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities.

The inputs used to measure the fair value of a particular security may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement of that security falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement. As of February 28, , the Funds did not have any transfers into or out of any Level.

The Funds did not hold any derivative instruments or assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs Level 3 as of February 28, Investment Transactions and Investment Income — Investment transactions are accounted for on trade date. Dividend income is recorded on the ex-dividend date.

Interest income is accrued as earned. Discounts and premiums on fixed income. Realized gains and losses on investments sold are determined on a specific identification basis, which is the same basis used for federal income tax purposes. Expenses — Each Fund bears expenses incurred specifically on its behalf as well as a portion of general Trust expenses, which are allocated between the Funds according to methods authorized by the Board.

Dividends and Distributions — Dividends arising from net investment income, if any, are declared and paid quarterly to shareholders of each Fund. Distributions from net realized capital gains, if any, are generally declared and distributed annually. The amount of distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from GAAP.

Dividends and distributions are recorded on the ex-dividend date. The tax character of distributions paid during the years ended February 28, and was as follows:. Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the reporting period.

Actual results could differ from those estimates. The amendments in the ASU shorten the amortization period for certain callable debt securities, held at a premium, to be amortized to the earliest call date. The ASU does not require an accounting change for securities held at a discount, which continues to be amortized to maturity.

The ASU is effective for fiscal years and interim periods within those fiscal years beginning after December 15, Management is currently evaluating the impact, if any, of applying this update. Federal Income Tax.

The following information is computed on a tax basis for each item as of February 28, The difference between the federal income tax cost of portfolio investments and the financial statement cost for CM Advisors Small Cap Value Fund is due to certain timing differences in the recognition of capital gains or losses under income tax regulations and GAAP. These capital loss carryforwards, which do not expire but their utilization is limited due to merger related capital loss carryover limitations, may be utilized in future years to offset net realized capital gains, if any, prior to distributing such gains to shareholders.

Management has reviewed the tax positions taken on federal income tax returns for all open tax years tax years ended February 28, through February 28, and has concluded that no provision for unrecognized tax benefits or expenses is required in these financial statements. Investment Transactions. During the year ended February 28, , cost of purchases and proceeds from sales and maturities of investment securities, other than short-term investments and U.

Government obligations, were as follows:. Transactions with Related Parties. There can be no assurance that the Expense Limitation Agreements will continue. During the year ended February 28, , there were no advisory fees waived or expenses reimbursed by the Advisor with respect to CM Advisors Fixed Income Fund.

Certain Trustees and officers of the Trust are also officers of the Advisor. The Funds pay Ultimus fees in accordance with the agreements for its services. The Distributor is a wholly-owned subsidiary of Ultimus. The Distributor receives compensation from the Funds for such services. Trustees and officers affiliated with the Advisor or Ultimus are not compensated by the Funds for their services.

The Funds reimburse each Trustee and officer for his or her travel and other expenses relating to attendance at Board or committee meetings. Sector Risk. If a Fund has significant investments in the securities of issuers in industries within a particular sector, any development affecting that sector will have a greater impact on the value of the net assets of the Fund than would be the case if the Fund did not have significant investments in that sector.

From time to time, a particular set of circumstances may affect this sector or certain companies within the sector, while having little or no impact on other sectors or other companies within the sector. Investments in Money Market Mutual Funds. In order to maintain sufficient liquidity to implement investment strategies, or for temporary defensive purposes, each Fund may at times invest a significant portion of its assets in shares of one or more money market mutual funds.

An investment in a money market mutual fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. While investor losses in money market mutual funds have been rare, they are possible. The Funds incur additional indirect expenses due to acquired fund fees and expenses to the extent they invest in shares of money market mutual funds.

Contingencies and Commitments. Additionally, in the normal course of business, the Funds enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. However, based on experience, the Trust expects the risk of loss to be remote.

Subsequent Events. The Funds are required to recognize in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed as of the date of the Statements of Assets and Liabilities. For non-recognized subsequent events that must be disclosed to keep the financial statements from being misleading, the Funds are required to disclose the nature of the event as well as an estimate of the financial effect, or a statement that such an estimate cannot be made.

Management has evaluated subsequent events through the issuance of these financial statements and has noted no such events. Opinion on the Financial Statements. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Funds as of February 28, , and the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended and their financial highlights for each of the years in the five-year period then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting.

Accordingly, we express no such opinion. Our audits included performing procedures to assess the risk of material misstatement of those financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

Our procedures included confirmation of securities owned as of February 28, by correspondence with the custodian and brokers. Our audits also included evaluating the accounting. We believe that our audits provide a reasonable basis for our opinion. Philadelphia, Pennsylvania April 25, We believe it is important for you to understand the impact of costs on your investment. As a shareholder of the Funds, you may incur two types of costs: 1 transaction costs, including redemption fees; and 2 ongoing costs, including management fees and other Fund expenses.

This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs in dollars of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds. Actual fund return — This section helps you to estimate the actual expenses that you paid over the period.

You may use the information here, together with the amount you invested, to estimate the ongoing costs that you paid over the period. Note that expenses shown in the table are meant to highlight and help you compare ongoing costs only. The Funds do not impose any sales loads. The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.

Beginning Account Value September 1, Ending Account Value February 28, Net Expense Ratio a. Expenses Paid During Period b. Based on Actual Fund Return. Other Information Unaudited. The Trust files a complete listing of portfolio holdings for the Funds with the SEC as of the end of the first and third quarters of each fiscal year on Form N-Q.

The filings are available upon request, by calling Federal Tax Information Unaudited. In accordance with federal tax requirements, the following provides shareholders with information concerning distributions made by the Funds during the year ended February 28, Certain dividends paid by the Funds may be subject to a maximum rate of As required by federal regulations, complete information was computed and reported in conjunction with your Form DIV.

Information about Trustees and Executive Officers Unaudited. The business and affairs of the Trust are managed under the direction of the Trustees. Information concerning the Trustees and officers of the Trust is set forth on the following pages. The officers are elected for annual terms.

Name, Address and Year of Birth. Position s Held with Trust. Length of Service. Principal Occupation s During Past 5 Years. Number of Funds Overseen. Independent Trustees. Brian R. From , Mr. Bruce served as an independent trustee of six series of the Dreman Contrarian Funds, a registered management investment company. Mark F. Richard M. Zorel Paritzky, M. He retired from active clinical practice in December William R. Reichenstein, Ph.

Reichenstein has been a professor at Baylor University since He is currently the professor of Finance and the Pat and Thomas R. Reichenstein serves as an independent trustee of three series of the Epiphany Funds, a registered management investment company.

Trustee, Chairman, President. He has been a portfolio manager for the Advisor since James D. Trustee, Treasurer. Trustee, Secretary. Previously, he served as Chief Compliance Officer until Aaron S. Lisa A. Chief Compliance Officer. Previously, she assisted Mr. Van Den Berg in his role as a compliance officer for the Funds and the Advisor and oversaw the compliance and implementation of the client sales and service program.

Each of the Interested Trustees is an Interested Trustee because he is an officer and employee of the Advisor. Approval of Investment Advisory Agreement Unaudited. Approval took place at an in-person meeting held on February 16, , at which a majority of the Trustees, including a majority of the Independent Trustees, were present. During their deliberations, the Board was advised by legal counsel and reviewed a substantial amount of information provided by the Advisor in response to requests of the Board and counsel.

In considering the Investment Advisory Agreements for the Fixed Income Fund and the Small Cap Value Fund and reaching their conclusions with respect thereto, the Board reviewed and analyzed various factors that it determined were relevant, including the factors described below. The nature, extent, and quality of the services provided by the Advisor. After reviewing the foregoing information and other information e. In this regard, the Board compared the performance of each of the Fixed Income Fund and the Small Cap Value Fund with the performance of its respective benchmark index, comparable funds managed by other advisors, and comparable peer group indices.

The Board noted that, although the performance of the Small Cap Value Fund had significantly lagged the performance of its benchmark and its respective Morningstar categories for the one-year, three-year, five-year, ten-year, and since inception periods, the performance of the Fund had improved over the shorter term. As for the Fixed Income Fund, the Board noted that the performance of the Fund outperformed its benchmark for the three-year and since inception periods, but also that it had underperformed for the one, five, and ten-year periods.

The Board also noted that the Fixed Income Fund outperformed the comparable Morningstar category over the one, three, five and ten-year periods. Furthermore, the Board noted that, while the Small Cap Value Fund had underperformed its benchmark over the long-term, the Advisor had reasonably demonstrated that it followed reasoned, logical processes in selecting investments for the Fund and presented a solid analysis to back up the positions that had been taken and.

The Board noted that the management fee and net expense ratio of the Advisors Fund are each higher than, but within a reasonable range of, the median and average of the true no-load funds within its peer group, bearing in mind that the Fund was smaller in size than its peer group average and median. Following these comparisons and upon further consideration and discussion of the foregoing, the Board concluded that the profit realized by the Advisor in connection with the management of each Fund is not unreasonable and that the management fees paid to the Advisor by the Advisors Fund, the Fixed Income Fund, and the Small Cap Value Fund are each fair and reasonable.

The Board noted that, while the management fee would remain the same at all asset levels, the Fixed Income Fund will likely benefit from economies of scale under its agreements with service providers other than the Advisor. In connection with the Small Cap Value Fund, the Board determined that, while the management fee remained the same at all asset levels, the Fund has experienced benefits from the Expense Limitation Agreement. In addition, the Board noted that the Small Cap Value Fund will likely benefit from economies of scale under its agreements with service providers other than the Advisor.

The Board also considered the historical portfolio turnover rates for the Fixed Income Fund and the Small Cap Value Fund; the process by which evaluations are made of the overall reasonableness of commissions paid; the method and basis for selecting and evaluating the broker-dealers used; any anticipated allocation of portfolio business to persons affiliated with the Advisor; and the extent to which the Funds allocate portfolio business to broker-dealers who provide research, statistical or other services i.

Possible conflicts of interest. After full consideration of the above factors as well as other factors, the Board unanimously concluded that continuance of the Investment Advisory Agreements was in the best interests of the Fixed Income Fund, the Small Cap Value Fund, and their respective shareholders.

This page intentionally left blank. For Shareholder Service Inquiries:. For Investment Advisor Inquiries:. Box Cincinnati, OH Toll-Free Telephone:. World Wide Web :. Investment in the Funds is subject to investment risks, including the possible loss of some or all of the principal amount invested. No investment strategy works all the time, and past performance is not necessarily indicative of future performance. The performance information quoted in this report represents past performance, which is not a guarantee of future results.

An investor should consider the investment objectives, risks, and charges and expenses of the Funds carefully before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available at www. The prospectus should be read carefully before investing. See Our Web site www. During the period covered by this report, the code of ethics has not been amended, and the registrant has not granted any waivers, including implicit waivers, from the provisions of the code of ethics.

The name of the audit committee financial expert is Richard M. File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated. Pursuant to the requirements of the Securities Exchange Act of and the Investment Company Act of , the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Investment Company Act file number. Address of principal executive offices. Zip code. Registrant's telephone number, including area code:. Date of fiscal year end:. February Date of reporting period:. Morningstar Rating Overall. Morningstar Rating 5 Years. Morningstar Rating 10 Years. Percentage Weighting In Fund. Average Weight. Contribution to Return. Average Annual Total Returns for the periods ended February 28, Centennial Resource Development, Inc.

Diversified Financial Services — 0. Berkshire Hathaway, Inc. Orion Group Holdings, Inc. Electrical Equipment — 4. Maxwell Technologies, Inc. Alliance Data Systems Corporation. Other Assets in Excess of Liabilities — 2. Par Value. Toyota Motor Credit Corporation, 1. Household Durables — 0. MDC Holdings, Inc. Tele-Communications, Inc. Specialty Retail — 0. AutoZone, Inc. Coca-Cola European Partners plc, 3. PepsiCo, Inc. Walgreens Boots Alliance, Inc. Diamond Offshore Drilling, Inc.

Rowan Companies, Inc. Kinder Morgan Energy Partners, L. Consumer Finance — 1. Enstar Group Ltd. Teva Pharmaceuticals Industries Ltd. Johnson Controls, Inc. Electrical Equipment — 1. Emerson Electric Company, 5. Industrial Conglomerates — 1. Roper Technologies, Inc. Dover Corporation, 5. Canadian Pacific Railroad Company, 7. Union Pacific Corporation, 5. The monthly and quarterly subscription charges may be greater or less depending on additional services offered by a DriveWealth partners as part of the subscription model offering, or based on any subsidies provided by a DriveWealth partner as part of the subscription model offering.

This communication is not an offer or solicitation to purchase or sell securities. Investing in securities carries risk, including the loss of principal. Past performance is not indicative of future returns, which may vary. Online trading has inherent risk due to system response and access times that may be affected by various factors, including but not limited to market conditions and system performance. An investor should understand such facts before trading.

Before investing in an ETF, an investor should consider the investment objectives, risks, charges, and expense of the investment company carefully. A fractional share is a share of equity ownership that is less than one full share. Fractional share investing has certain limitations and restrictions that investors should understand prior to purchasing fractional shares: ownership of less than one full share does not give the fractional share owner the right to vote on company matters; fractional shares are non-transferrable, meaning they cannot be transferred to another brokerage firm; and fractional share orders will be accepted as market orders only.

Risk Disclosure: Invstr is a technology platform, not a registered broker-dealer or investment adviser. What is your question about? General 2. Troubleshooting 3. Fantasy Finance 4. Rewards 5. Following 7. Feed 8. Profile and Security 9. Trading What is Invstr? How do I sign up for Invstr? How much does Invstr cost? Invstr is free to use! How much data traffic will Invstr use on my phone? Which devices does Invstr support?

Invstr is available for iPhones running on iOS 9. How can I contact you for further questions? Back to top. I am having trouble with a part of your service, what should I do? I accidentally signed up using the wrong email address. How can I fix this? I'm seeing an error message that says there's an existing account associated with my email address. I'm getting email notifications about someone else's account. Investing for Fun — Fantasy Finance.

What is the objective of the Fantasy Finance game? How do I get more trades? Are there prizes to be won? How do I enter the competition? This shows the current value, and overall performance, of all your opengame positions. How come my portfolio is all in US Dollars? Why was my trade only partially filled? Where do I see my active and completed games? How do I create my own private League?

How does progression work? How do I earn XP? You can earn 10 trades just by earning XP and leveling up! What is the purpose of the Invstr Academy? What asset classes are covered? What markets are covered? How up to date is the Market data? Much of the market data can be displayed in streaming real time.

What is the source of Invstr's data? Are prices indicative of trade? Can professional investors access exchange market data via Invstr? As such, any end-user requirements mandated by exchanges are applied. Can I request additional coverage or query the data covered by Invstr?

Can I publish my own research or commentaries? Can I add comments and share things through Invstr? Profile and Security. Do you keep and use my personal data? Please refer to our Privacy Policy, which you must accept in order to use the Invstr app. Who can see my "Profile" page? Simply tap on their name or profile image wherever you see it to open up their profile page.

How do I follow someone? How do I get followed? Anyone can follow you if they view your profile. This activity will raise your profile and make you more interesting for others to follow. Who can like, share, or comment on things I post? Who can see when I comment on something? What should I do if I think someone has posted something offensive? How do I search for someone on Invstr? You can search for people from the search feature at the top of the Feed page.

You can also search Posts and News. How do I make sure that my contacts can find me on Invstr? How do I logout of the app? Investing for Real. Are there any risks involved in trading with real money? Can I trade for real? What can I invest in? Who is DriveWealth? For more information go to www. DriveWealth is also a leading broker in terms of offering fractional trading capabilities.

How do I open an account with the broker? How do I fund my trading account? Are there fees associated with depositing or withdrawn funds? Can I open more than one account? For now, you cannot open multiple accounts with each broker through your Invstr account.

However, you can open an account with more than one broker. Are there fees involved in trading? What is Fractional Trading? This means you can buy shares in dollar amounts as opposed to the norm of buying whole numbers of shares. How does fractional trading work? DriveWealth rounds the amount of fractional shares you can purchase and own in your account down to the nearest four decimal places.

This may affect your purchase of a fixed dollar amount order. Rounding may also affect your ability to be credited for cash dividends, stock dividends and stock splits. For example, if you own. How is my trade order executed? What happens if I place an order out of trading hours? What is a Good Faith Violation? Can I day trade? Can I set Limit Order on my trades? Can I transfer my Fractional shares to another broker account?

Fractional shares are not transferable. If you close your account or transfer your account to another firm, the fractional share will need to be liquidated, resulting in potential commission charges. Fractional shares cannot be put into certificate form and mailed.

They will need to be sold. Please note that the commission charge for liquidating fractional shares may match the value of the fractional share if less than our minimum commission. Do I have voting rights entitlements from holding Fractional shares? More Questions. I have a further question. Who do I ask?

Get your daily Invstr Crunch Get the market news and updates you need, delivered to your inbox or available on our daily podcast. Email Subscribe.

Думаю, action rich investments понимается

Test Drive Unlimited 2 v1. DLL files to the game directory - Overwriting existing files. Block UpLauncher. Game or Patch Questions? Visit FileForums. Magazines Banners. Test Drive Unlimited 2. Always make a backup of the files that are overwritten by the File Archive, as the original files are usually required to update the game to a newer version or to play Online! File Archive [4. Go to the location where your TDU2 folder is located. Go to the Security tab in properties, then "Advanced".

You will then go to the "Owner" tab. Now you have a choice, you can set your user name as the owner and do this again when you reinstall windows. Or use "Everyone" as the owner. Before clicking OK, make sure "Replace owner on sub containers and objects" is checked. From there, go to the "Permissions" tab and add the entries you require but make sure "Replace all child object permissions with inheritable permissions from this object" is checked. Also if you get any other errors and don't know how to solve them, just contact to the support, open a ticket and include your e-mail, they will answer you in a couple of days.

And if the answer solves your error, post it here to help the other people. Last edited by Ferdinand Griffon ; 17 Jul, pm. Showing 1 - 7 of 7 comments. Oh, come on, at least i want to play it offline : Probably if I download the game from TPB it will works at least in offline mode.

Can I claim to refund the game? Seanj View Profile View Posts. Here is the Atari Customer Support answer, I hope it will help someone. What is the other way to fix it?

MCLAY BOATS FORTRESS INVESTMENT

Important factors that could result in such differences, in addition to factors noted with such forward-looking statements, include, without limitation, general economic conditions, such as inflation, recession, and interest rates. Past performance is not a guarantee of future results. Performance Information Unaudited. Average Annual Total Returns.

Since Inception a. It is important to note that the Fund is a professionally managed mutual fund while indices are not available for investment and are unmanaged. The comparison is shown for illustrative purposes only. Performance quoted above represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

An investor may obtain performance data, current to the most recent month-end, by calling shareholder services at The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Average annual total returns are historical in nature and assume reinvestment of dividends. Bond Aggregate Index. Supplementary Portfolio Information February 28, Unaudited. Top 10 Equity Holdings. Security Description. Layne Christensen Company.

DMC Global, Inc. Allegheny Technologies, Inc. Atkore International Group, Inc. Pioneer Energy Services Corporation. Ensco plc - Class A. Era Group, Inc. Colfax Corporation. Transocean Ltd. Manitowoc Company, Inc. Top 10 Long-Term Holdings. Treasury Notes, 2. CenturyLink, Inc. Murphy Oil Corporation, 4. EMC Corporation, 1. CA, Inc. Schedule of Investments February 28, Banks — 0. Schedule of Investments Continued. Key Energy Services, Inc. Total Investments at Value — Non-income producing security.

Percentage rounds to less than 0. Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The rate shown is the 7-day effective yield as of February 28, See accompanying notes to financial statements. Total U. Statements of Assets and Liabilities February 28, Net asset value, redemption price and offering price per share a.

Redemption price may differ from the net asset value per share depending upon the length of time the shares are held Note 2. Statements of Operations Year Ended February 28, Statements of Changes in Net Assets. Financial Highlights. Total return c. Ratio of net expenses to average net assets d. Ratio of net investment loss to average net assets d. Net investment loss per share is based on average shares outstanding during the year.

Total return is a measure of the change in value of an investment in the Fund over the periods covered, which assumes any dividends or capital gains distributions are reinvested in shares of the Fund. The returns shown do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund shares. Ratio was determined after investment advisory fee waivers and expense reimbursements Note 5.

Notes to Financial Statements February 28, The investment objective of the Fund is long-term growth of capital. The investment objective of the Fund is to preserve capital and maximize total return. The basis of the assets transferred from CM Advisors Fund reflected the historical basis of the assets as of the date of the tax-free merger. Net Investment Loss. Net Realized Losses and. Net Change in Unrealized. Depreciation on Investments. Net Decrease in Net Assets.

Resulting from Operations. Notes to Financial Statements Continued. Significant Accounting Policies. In October , the U. The Funds have adopted these amendments, which were effective August 1, , with these financial statements. Eastern time. Securities listed on an exchange or quoted on a national market system are valued at the last sales price. Securities traded in the over-the-counter market and listed securities for which no sale was reported on that date are valued at the most recent bid price.

Fixed income securities are typically valued based on prices provided by an independent pricing service. Securities and assets for which representative market quotations are not readily available e. GAAP establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires disclosures about fair value measurements.

These inputs are summarized in the three broad levels listed below:. Level 1 — quoted prices in active markets for identical securities. Level 2 — other significant observable inputs. Level 3 — significant unobservable inputs. Corporate bonds and U. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. The inputs used to measure the fair value of a particular security may fall into different levels of the fair value hierarchy.

In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement of that security falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement. As of February 28, , the Funds did not have any transfers into or out of any Level. The Funds did not hold any derivative instruments or assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs Level 3 as of February 28, Investment Transactions and Investment Income — Investment transactions are accounted for on trade date.

Dividend income is recorded on the ex-dividend date. Interest income is accrued as earned. Discounts and premiums on fixed income. Realized gains and losses on investments sold are determined on a specific identification basis, which is the same basis used for federal income tax purposes. Expenses — Each Fund bears expenses incurred specifically on its behalf as well as a portion of general Trust expenses, which are allocated between the Funds according to methods authorized by the Board.

Dividends and Distributions — Dividends arising from net investment income, if any, are declared and paid quarterly to shareholders of each Fund. Distributions from net realized capital gains, if any, are generally declared and distributed annually. The amount of distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from GAAP.

Dividends and distributions are recorded on the ex-dividend date. The tax character of distributions paid during the years ended February 28, and was as follows:. Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the reporting period.

Actual results could differ from those estimates. The amendments in the ASU shorten the amortization period for certain callable debt securities, held at a premium, to be amortized to the earliest call date. The ASU does not require an accounting change for securities held at a discount, which continues to be amortized to maturity.

The ASU is effective for fiscal years and interim periods within those fiscal years beginning after December 15, Management is currently evaluating the impact, if any, of applying this update. Federal Income Tax. The following information is computed on a tax basis for each item as of February 28, The difference between the federal income tax cost of portfolio investments and the financial statement cost for CM Advisors Small Cap Value Fund is due to certain timing differences in the recognition of capital gains or losses under income tax regulations and GAAP.

These capital loss carryforwards, which do not expire but their utilization is limited due to merger related capital loss carryover limitations, may be utilized in future years to offset net realized capital gains, if any, prior to distributing such gains to shareholders. Management has reviewed the tax positions taken on federal income tax returns for all open tax years tax years ended February 28, through February 28, and has concluded that no provision for unrecognized tax benefits or expenses is required in these financial statements.

Investment Transactions. During the year ended February 28, , cost of purchases and proceeds from sales and maturities of investment securities, other than short-term investments and U. Government obligations, were as follows:. Transactions with Related Parties.

There can be no assurance that the Expense Limitation Agreements will continue. During the year ended February 28, , there were no advisory fees waived or expenses reimbursed by the Advisor with respect to CM Advisors Fixed Income Fund. Certain Trustees and officers of the Trust are also officers of the Advisor. The Funds pay Ultimus fees in accordance with the agreements for its services. The Distributor is a wholly-owned subsidiary of Ultimus. The Distributor receives compensation from the Funds for such services.

Trustees and officers affiliated with the Advisor or Ultimus are not compensated by the Funds for their services. The Funds reimburse each Trustee and officer for his or her travel and other expenses relating to attendance at Board or committee meetings. Sector Risk. If a Fund has significant investments in the securities of issuers in industries within a particular sector, any development affecting that sector will have a greater impact on the value of the net assets of the Fund than would be the case if the Fund did not have significant investments in that sector.

From time to time, a particular set of circumstances may affect this sector or certain companies within the sector, while having little or no impact on other sectors or other companies within the sector. Investments in Money Market Mutual Funds. In order to maintain sufficient liquidity to implement investment strategies, or for temporary defensive purposes, each Fund may at times invest a significant portion of its assets in shares of one or more money market mutual funds. An investment in a money market mutual fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person.

While investor losses in money market mutual funds have been rare, they are possible. The Funds incur additional indirect expenses due to acquired fund fees and expenses to the extent they invest in shares of money market mutual funds. Contingencies and Commitments.

Additionally, in the normal course of business, the Funds enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. However, based on experience, the Trust expects the risk of loss to be remote.

Subsequent Events. The Funds are required to recognize in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed as of the date of the Statements of Assets and Liabilities. For non-recognized subsequent events that must be disclosed to keep the financial statements from being misleading, the Funds are required to disclose the nature of the event as well as an estimate of the financial effect, or a statement that such an estimate cannot be made.

Management has evaluated subsequent events through the issuance of these financial statements and has noted no such events. Opinion on the Financial Statements. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Funds as of February 28, , and the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended and their financial highlights for each of the years in the five-year period then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud.

The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risk of material misstatement of those financial statements, whether due to error or fraud, and performing procedures that respond to those risks.

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of February 28, by correspondence with the custodian and brokers. Our audits also included evaluating the accounting. We believe that our audits provide a reasonable basis for our opinion. Philadelphia, Pennsylvania April 25, We believe it is important for you to understand the impact of costs on your investment.

As a shareholder of the Funds, you may incur two types of costs: 1 transaction costs, including redemption fees; and 2 ongoing costs, including management fees and other Fund expenses. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs in dollars of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

Actual fund return — This section helps you to estimate the actual expenses that you paid over the period. You may use the information here, together with the amount you invested, to estimate the ongoing costs that you paid over the period. Note that expenses shown in the table are meant to highlight and help you compare ongoing costs only. The Funds do not impose any sales loads.

The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions. Beginning Account Value September 1, Ending Account Value February 28, Net Expense Ratio a. Expenses Paid During Period b. Based on Actual Fund Return. Other Information Unaudited. The Trust files a complete listing of portfolio holdings for the Funds with the SEC as of the end of the first and third quarters of each fiscal year on Form N-Q.

The filings are available upon request, by calling Federal Tax Information Unaudited. In accordance with federal tax requirements, the following provides shareholders with information concerning distributions made by the Funds during the year ended February 28, Certain dividends paid by the Funds may be subject to a maximum rate of As required by federal regulations, complete information was computed and reported in conjunction with your Form DIV.

Information about Trustees and Executive Officers Unaudited. The business and affairs of the Trust are managed under the direction of the Trustees. Information concerning the Trustees and officers of the Trust is set forth on the following pages. The officers are elected for annual terms. Name, Address and Year of Birth. Position s Held with Trust. Length of Service.

Principal Occupation s During Past 5 Years. Number of Funds Overseen. Independent Trustees. Brian R. From , Mr. Bruce served as an independent trustee of six series of the Dreman Contrarian Funds, a registered management investment company. Mark F. Richard M. Zorel Paritzky, M. He retired from active clinical practice in December William R.

Reichenstein, Ph. Reichenstein has been a professor at Baylor University since He is currently the professor of Finance and the Pat and Thomas R. Reichenstein serves as an independent trustee of three series of the Epiphany Funds, a registered management investment company.

Trustee, Chairman, President. He has been a portfolio manager for the Advisor since James D. Trustee, Treasurer. Trustee, Secretary. Previously, he served as Chief Compliance Officer until Aaron S. Lisa A. Chief Compliance Officer. Previously, she assisted Mr. Van Den Berg in his role as a compliance officer for the Funds and the Advisor and oversaw the compliance and implementation of the client sales and service program. Each of the Interested Trustees is an Interested Trustee because he is an officer and employee of the Advisor.

Approval of Investment Advisory Agreement Unaudited. Approval took place at an in-person meeting held on February 16, , at which a majority of the Trustees, including a majority of the Independent Trustees, were present. During their deliberations, the Board was advised by legal counsel and reviewed a substantial amount of information provided by the Advisor in response to requests of the Board and counsel. In considering the Investment Advisory Agreements for the Fixed Income Fund and the Small Cap Value Fund and reaching their conclusions with respect thereto, the Board reviewed and analyzed various factors that it determined were relevant, including the factors described below.

The nature, extent, and quality of the services provided by the Advisor. After reviewing the foregoing information and other information e. In this regard, the Board compared the performance of each of the Fixed Income Fund and the Small Cap Value Fund with the performance of its respective benchmark index, comparable funds managed by other advisors, and comparable peer group indices.

The Board noted that, although the performance of the Small Cap Value Fund had significantly lagged the performance of its benchmark and its respective Morningstar categories for the one-year, three-year, five-year, ten-year, and since inception periods, the performance of the Fund had improved over the shorter term.

As for the Fixed Income Fund, the Board noted that the performance of the Fund outperformed its benchmark for the three-year and since inception periods, but also that it had underperformed for the one, five, and ten-year periods. The Board also noted that the Fixed Income Fund outperformed the comparable Morningstar category over the one, three, five and ten-year periods. Furthermore, the Board noted that, while the Small Cap Value Fund had underperformed its benchmark over the long-term, the Advisor had reasonably demonstrated that it followed reasoned, logical processes in selecting investments for the Fund and presented a solid analysis to back up the positions that had been taken and.

The Board noted that the management fee and net expense ratio of the Advisors Fund are each higher than, but within a reasonable range of, the median and average of the true no-load funds within its peer group, bearing in mind that the Fund was smaller in size than its peer group average and median. Following these comparisons and upon further consideration and discussion of the foregoing, the Board concluded that the profit realized by the Advisor in connection with the management of each Fund is not unreasonable and that the management fees paid to the Advisor by the Advisors Fund, the Fixed Income Fund, and the Small Cap Value Fund are each fair and reasonable.

The Board noted that, while the management fee would remain the same at all asset levels, the Fixed Income Fund will likely benefit from economies of scale under its agreements with service providers other than the Advisor. In connection with the Small Cap Value Fund, the Board determined that, while the management fee remained the same at all asset levels, the Fund has experienced benefits from the Expense Limitation Agreement. In addition, the Board noted that the Small Cap Value Fund will likely benefit from economies of scale under its agreements with service providers other than the Advisor.

The Board also considered the historical portfolio turnover rates for the Fixed Income Fund and the Small Cap Value Fund; the process by which evaluations are made of the overall reasonableness of commissions paid; the method and basis for selecting and evaluating the broker-dealers used; any anticipated allocation of portfolio business to persons affiliated with the Advisor; and the extent to which the Funds allocate portfolio business to broker-dealers who provide research, statistical or other services i.

Possible conflicts of interest. After full consideration of the above factors as well as other factors, the Board unanimously concluded that continuance of the Investment Advisory Agreements was in the best interests of the Fixed Income Fund, the Small Cap Value Fund, and their respective shareholders. This page intentionally left blank. For Shareholder Service Inquiries:.

For Investment Advisor Inquiries:. Box Cincinnati, OH Toll-Free Telephone:. World Wide Web :. Investment in the Funds is subject to investment risks, including the possible loss of some or all of the principal amount invested. No investment strategy works all the time, and past performance is not necessarily indicative of future performance.

The performance information quoted in this report represents past performance, which is not a guarantee of future results. An investor should consider the investment objectives, risks, and charges and expenses of the Funds carefully before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available at www.

The prospectus should be read carefully before investing. See Our Web site www. During the period covered by this report, the code of ethics has not been amended, and the registrant has not granted any waivers, including implicit waivers, from the provisions of the code of ethics.

The name of the audit committee financial expert is Richard M. File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated. Pursuant to the requirements of the Securities Exchange Act of and the Investment Company Act of , the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Investment Company Act file number. Address of principal executive offices. Zip code. Registrant's telephone number, including area code:. Date of fiscal year end:. February Date of reporting period:. Morningstar Rating Overall.

Morningstar Rating 5 Years. Morningstar Rating 10 Years. Percentage Weighting In Fund. Average Weight. Contribution to Return. Average Annual Total Returns for the periods ended February 28, Centennial Resource Development, Inc. Diversified Financial Services — 0.

Berkshire Hathaway, Inc. Orion Group Holdings, Inc. Electrical Equipment — 4. Maxwell Technologies, Inc. Alliance Data Systems Corporation. Other Assets in Excess of Liabilities — 2. Par Value. Toyota Motor Credit Corporation, 1. Household Durables — 0. Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.

DriveWealth may not establish investment accounts to residents of certain jurisdictions. DriveWealth provides no tax, legal, or investment advice of any kind, nor does DriveWealth give advice or offer opinions with respect to the nature, potential value, or suitability of any securities transaction or investment strategy. DriveWealth acts as the clearing firm for securities transactions entered on the Invstr mobile platform.

DriveWealth is not affiliated with Invstr. There is no minimum initial deposit required to open an investing account with DriveWealth. There are no monthly minimum fees, or required ongoing minimum account balance. The monthly and quarterly subscription charges may be greater or less depending on additional services offered by a DriveWealth partners as part of the subscription model offering, or based on any subsidies provided by a DriveWealth partner as part of the subscription model offering.

This communication is not an offer or solicitation to purchase or sell securities. Investing in securities carries risk, including the loss of principal. Past performance is not indicative of future returns, which may vary. Online trading has inherent risk due to system response and access times that may be affected by various factors, including but not limited to market conditions and system performance. An investor should understand such facts before trading. Before investing in an ETF, an investor should consider the investment objectives, risks, charges, and expense of the investment company carefully.

A fractional share is a share of equity ownership that is less than one full share. Fractional share investing has certain limitations and restrictions that investors should understand prior to purchasing fractional shares: ownership of less than one full share does not give the fractional share owner the right to vote on company matters; fractional shares are non-transferrable, meaning they cannot be transferred to another brokerage firm; and fractional share orders will be accepted as market orders only.

Risk Disclosure: Invstr is a technology platform, not a registered broker-dealer or investment adviser. What is your question about? General 2. Troubleshooting 3. Fantasy Finance 4. Rewards 5. Following 7. Feed 8. Profile and Security 9. Trading What is Invstr? How do I sign up for Invstr? How much does Invstr cost? Invstr is free to use! How much data traffic will Invstr use on my phone? Which devices does Invstr support?

Invstr is available for iPhones running on iOS 9. How can I contact you for further questions? Back to top. I am having trouble with a part of your service, what should I do? I accidentally signed up using the wrong email address. How can I fix this? I'm seeing an error message that says there's an existing account associated with my email address. I'm getting email notifications about someone else's account. Investing for Fun — Fantasy Finance. What is the objective of the Fantasy Finance game?

How do I get more trades? Are there prizes to be won? How do I enter the competition? This shows the current value, and overall performance, of all your opengame positions. How come my portfolio is all in US Dollars? Why was my trade only partially filled? Where do I see my active and completed games?

How do I create my own private League? How does progression work? How do I earn XP? You can earn 10 trades just by earning XP and leveling up! What is the purpose of the Invstr Academy? What asset classes are covered? What markets are covered?

How up to date is the Market data? Much of the market data can be displayed in streaming real time. What is the source of Invstr's data? Are prices indicative of trade? Can professional investors access exchange market data via Invstr? As such, any end-user requirements mandated by exchanges are applied. Can I request additional coverage or query the data covered by Invstr?

Can I publish my own research or commentaries? Can I add comments and share things through Invstr? Profile and Security. Do you keep and use my personal data? Please refer to our Privacy Policy, which you must accept in order to use the Invstr app. Who can see my "Profile" page? Simply tap on their name or profile image wherever you see it to open up their profile page.

How do I follow someone? How do I get followed? Anyone can follow you if they view your profile. This activity will raise your profile and make you more interesting for others to follow. Who can like, share, or comment on things I post? Who can see when I comment on something? What should I do if I think someone has posted something offensive? How do I search for someone on Invstr? You can search for people from the search feature at the top of the Feed page. You can also search Posts and News.

How do I make sure that my contacts can find me on Invstr? How do I logout of the app? Investing for Real. Are there any risks involved in trading with real money? Can I trade for real? What can I invest in? Who is DriveWealth? For more information go to www. DriveWealth is also a leading broker in terms of offering fractional trading capabilities. How do I open an account with the broker? How do I fund my trading account? Are there fees associated with depositing or withdrawn funds?

Can I open more than one account? For now, you cannot open multiple accounts with each broker through your Invstr account. However, you can open an account with more than one broker. Are there fees involved in trading? What is Fractional Trading? This means you can buy shares in dollar amounts as opposed to the norm of buying whole numbers of shares. How does fractional trading work? DriveWealth rounds the amount of fractional shares you can purchase and own in your account down to the nearest four decimal places.

This may affect your purchase of a fixed dollar amount order. Rounding may also affect your ability to be credited for cash dividends, stock dividends and stock splits. For example, if you own. How is my trade order executed? What happens if I place an order out of trading hours?

What is a Good Faith Violation? Can I day trade? Can I set Limit Order on my trades? Can I transfer my Fractional shares to another broker account? Fractional shares are not transferable. If you close your account or transfer your account to another firm, the fractional share will need to be liquidated, resulting in potential commission charges.

Fractional shares cannot be put into certificate form and mailed.