Welcome

Mutual Funds

At Montage Investments, we strive to provide innovative investments to a wide range of investors. We believe in partnering with leading investment managers to deliver specialized investments that fill a specific need. We take strategies that were once only available to institutions and the super-rich, and we make them available to a wider range of investors.

Designed specifically to meet the challenges faced by investors, our mutual funds are managed by industry professionals with decades of experience and a focus on seeking superior risk-adjusted returns across market cycles. Explore the wide range of Montage-affiliated funds and learn more about how they can help you achieve your investment goals.


Monthly Fact Sheets

Fact Sheet Prospectus Investment Manager
Consilium Emerging Market Small Cap Fund
April 2015
Prospectus Consilium Funds
Convergence Core Plus Fund
April 2015
Prospectus Convergence Investment Partners
Convergence Opportunities Fund
April 2015
Prospectus Convergence Investment Partners
TorrayResolute Small/Mid Cap Growth Fund
March 2015
Prospectus TorrayResolute
Tortoise MLP & Pipeline Fund
April 2015
Prospectus Tortoise Capital Advisors
Tortoise North American Energy Independence Fund
April 2015
Prospectus Tortoise Capital Advisors
Tortoise Select Opportunity Fundᅠ
April 2015
Prospectus Tortoise Capital Advisors

Quarterly Fact Sheets

Fact Sheet Prospectus Investment Manager
The Giralda Fund
First Quarter 2015
Prospectus Giralda Advisors
The Giralda Risk-Managed Growth Fund
First Quarter 2015
Prospectus Giralda Advisors
Nuance Concentrated Value Fund
First Quarter 2015
Prospectus Nuance Investments
Nuance Mid Cap Value Fund
First Quarter 2015
Prospectus Nuance Investments
Palmer Square Absolute Return Fund
First Quarter 2015
Prospectus Palmer Square Capital Management
Palmer Square Income Plus Fund
First Quarter 2015
Prospectus Palmer Square Capital Management
Palmer Square Long/Short Credit Fund
First Quarter 2015
Prospectus Palmer Square Capital Management
Palmer Square SSI Alternative Income Fund
First Quarter 2015
Prospectus Palmer Square Capital Management
Palmer Square Opportunistic Income Fund
First Quarter 2015
Prospectus Palmer Square Capital Management

Mutual fund investing involves risk. Principal loss is possible. Montage Investments is an SEC Registered Investment Advisor, which among other things may provide marketing and/or sales related support to its affiliates, none of which are affiliated with Quasar Distributors, LLC, and/or IMST Distributors, LLC.

Consilium Emerging Market Small Cap Fund; Convergence Opportunities Fund; Convergence Core Plus Fund; Nuance Concentrated Value Fund; Nuance Mid Cap Value Fund; TorrayResolute Small/Mid Cap Growth Fund; Tortoise MLP & Pipeline Fund; Tortoise North American Energy Independence Fund and Tortoise Select Opportunity Fund: Quasar Distributions, LLC, Distributor. Palmer Square Short Duration High Income Fund; Palmer Square Absolute Return Fund; Palmer Square Income Plus Fund; Palmer Square Opportunistic Income Fund; Palmer Square SSI Alternative Income Fund: IMST Distributors, LLC, Distributor.

The Convergence Core Plus and The Convergence Opportunities Fund invest in mid-cap companies involve additional risk such as limited liquidity and greater volatility than larger capitalization companies. Small-capitalization funds typically carry additional risks because smaller companies generally have a higher risk of failure. Their stocks are subject to a greater degree of volatility, trade in lower volume and may be less liquid. The funds invests in foreign securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods. The funds regularly make short sales of securities, which involve unlimited risk including the possibility that losses may exceed the original amount invested. However, a mutual fund investor’s risk is limited to one’s amount of investment in a mutual fund.

The Nuance Mid Cap Value Fund investments in smaller cap companies involving additional risks such as limited liquidity and greater volatility than larger capitalization companies. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.