QuantShares U.S. Market Neutral High Beta Fund (BTAH)QuantShares U.S. Market Neutral Anti-Momentum Fund (NOMO)QuantShares U.S. Market Neutral Quality Fund (QLT)While FFCM originally believed the demand would be larger for these Liquidating Funds at the time of launch, FFCM has now refined those views based on, among other things, limited evidence of institutional demand for their shares. As a result of lower than anticipated levels of institutional and retail demand, the trading volume in their shares has been less than expected. As a result, liquidity in such shares has lagged, and FFCM believes that closing the Liquidating Funds and liquidating their portfolios is in the best interest of shareholders. FFCM still believes in the role that the 4 other Existing Funds can play in an investor's investment portfolio. Accordingly, FFCM will continue to offer these Existing Funds to investors who have asset allocation and hedging needs that make the funds appropriate investments for them. In addition, FFCM has filed a registration statement with the SEC to launch 6 additional Funds due to investor demand. These funds* include:
QuantShares U.S. High Quality FundQuantShares U.S. High Dividend Absolute Return FundQuantShares U.S. High Momentum FundQuantShares U.S. Low Beta Absolute Return FundQuantShares U.S. Low Beta FundQuantShares U.S. Relative Value FundRegarding the closing funds, the following sequence of events will occur:
- The last day of trading of the Liquidating Funds' shares on the NYSE Arca, Inc. will be November 2, 2012
- Full liquidation of the Funds is intended to be complete by November 19, 2012.