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FREQUENTLY ASKED QUESTIONS
I want to invest. How do I begin?
How do I send investment money to One Rock Fund?
(Call 1-800-564-3899 for instructions)
Write a check to:
ONE ROCK Fund
and mail it to:
ONE ROCK Fund
c/o Mutual Shareholder Services (MSS)
8000 Centre Drive, Suite 400
Broadview Heights, OH 44147
Transfer an existing account
into the Fund.*
(transfer must be in cash; existing securities must be sold before transfer)
*IRAs and other retirement plans are transferred from the current holder (custodian) of your account to Huntington National Bank. Expect this to take approximately 1-2 weeks, and sometimes longer.
How quickly will the money get invested?
Once Mutual Shareholder Services (MSS) receives your money through wire, check or account transfer, it will be invested at the next available net asset value (NAV). If your order is received before market close (normally 4:00pm EST, except for certain holidays or unusual circumstances), the accepted order will be processed at the NAV calculated at the end of that day. If your order is received after market close, the accepted order will be processed at the NAV calculated on the next business day.
How do I withdraw money?
Simply call Mutual Shareholder Services (MSS) at 1-800-564-3899 and request withdrawal (unless you checked the 'I do not want telephone redemption privileges' box). They will ask you questions to establish your identity and sell shares you own of One Rock Fund and send you the proceeds.
What is the NAV (Net Asset Value)?
The NAV (net asset value) is the price at which the Fund buys or sells its shares. The Fund's NAV is equal to the value of its assets minus its liabilities, divided by the number of shares outstanding. The NAV is calculated each day the New York Stock Exchange is open, as of the close of the Exchange.
What is the minimum amount I can invest?
The initial investment minimum is $2,000. There is currently not a maximum.
Once you are a shareholder, you can add to your holdings however much you'd like, with a minimum of $100.
How will I know what my investment is worth?
Once a quarter, you will receive a statement from Mutual Shareholder Services (MSS) showing the value of your shares. If you want to know more often, you can look up the symbol ONERX on most financial websites. It will show the most recent NAV (Net Asset Value). Multiply this value by the number of shares you own.
You can also go to https://www.mutualss.net/CLO/Customer_Log_on.aspx where you can create a login to view your account transaction history and current balance online.
What types of monies can I invest in ONE ROCK Fund?
Regular taxable accounts, IRAs, inherited IRAs, ROTH IRAs, SIMPLE IRAs, SEP IRAs, Coverdell Education Savings (formerly Education IRA), and 401(k)s, 403(b)s or governmental 457 rollovers. Or any combination of the above if more than one applies to you.
Can I purchase ONE ROCK Fund through my online brokerage account?
Not currently. You must fill out an application and send the money in or transfer an account.
Where is my money or assets held?
The custodian for your money is Huntington National Bank.
How is my money taxed when investing in ONE ROCK Fund?
For regular taxable accounts, all net short-term and long-term realized capital gains and dividends will be either reinvested in the Fund or paid out to shareholders once a year. Whether they are paid out to you or reinvested, they are considered taxable for IRS purposes. Short-term capital gains/dividends are normally taxed at your marginal tax rate and long-term capital gains are normally taxed at 0%, 15%, or 20%, for federal taxes depending on your tax bracket. Consult a tax expert or the IRS for how this may affect you personally.
How many stocks/holdings does ONE ROCK Fund normally have?
25-50 under normal circumstances, but the fund may own fewer or possibly more securities.
What is the fee for owning shares of ONE ROCK Fund?
The fee will not exceed 1.75%* of assets per year, which represents the total annual Fund operating expense after fee waiver and/or expense reimbursement by the advisor. The waiver is in place until 12/31/2024 but may be terminated prior to that date by the Fund's board of trustees with 60 days notice.
A fraction of this is taken out of the Fund daily. It is accrued on days when the New York Stock Exchange is not open and applied the next day the New York Stock Exchange is open. For a shareholder with about $10,000 throughout an entire year, the fee would be approximately $175/year.
*exclusive of any acquired fund fees and expenses, interest expense, dividend expenses on short sales, taxes, brokerage commissions, expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation
There is one class of stock: "No-Load."
What if I have more questions not listed here?
Please email email@example.com and we will find an answer for you.
We hope you are greatly blessed as a shareholder...
And greatly blessed if you are not a shareholder.
The Lord is my rock, and my fortress, and my deliverer;
my God, my strength, in whom I will trust;
my buckler, and the horn of my salvation, and my high tower.