USA MUTUALS

The legacy of USA Mutuals is, and will continue to be, rooted in the satisfaction of the thousands of investors we’ve had the privilege to serve. Their expectations are our expectations. Their success is our success. Yes, it can, and should be, that simple
Our simple mandate: Create an environment in which the company’s goals and expectations are truly aligned with our investors.

Our Leadership Team

The legacy of USA Mutuals is, and will continue to be, rooted in the satisfaction of the thousands of investors we’ve had the privilege to serve. Their expectations are our expectations. Their success is our success. Yes, it can, and should be, that simple.

Michael Loukas

President

Mr. Loukas joined the Advisor in 2016 and brings over 20 years of industry experience to his role as the President of both USA Mutuals and USA Mutuals Advisors, Inc. In this capacity, he is directly responsible for executing the company’s strategic vision on a day to day basis. Previous to USAM, he was a founding Principal and CEO of WaveFront Capital Management in San Francisco, an institutional investment advisor that specializes in Emerging Markets and China. Over the course of his career, Michael has held similar leadership roles at several other alternative investment firms including Evolution Realty Capital, Thompson National Properties, the Kelmoore Investment Company and Security Benefit. Mr. Loukas began his career with Morgan Stanley Dean Witter and also worked as an institutional equity salesman for CIBC Oppenheimer prior to moving into the registered investment company space.

Michael serves on the board of directors of Zodiac Spirits and received a Bachelor of Arts in Government & International Politics with a minor in Economics from Bowdoin College.

Jordan Fletcher

Chief Operating Officer

Mrs. Fletcher joined the firm in 2017 and oversees the firm’s operations and logistics, including all initiatives related to the registration, administration, distribution and custody of our Funds. Prior to joining USA Mutuals, Jordan served in several operational and service capacities at US Bancorp Fund Services, our fund administration partner, most recently as the primary Relationship Manager for USA Mutuals. Her vast industry knowledge and in-depth experience working with both open-end and closed-end funds brings top-tier operational capabilities to our firm. Mrs. Fletcher holds a BS in Business Administration from Missouri Western State University.

Ann Marie Swanson

Chief Compliance Officer

Ms. Swanson has served as the Chief Compliance Officer for USA Mutuals Advisors, Inc. and for the USA Mutuals Funds since 2017. She is responsible for overseeing the compliance programs for the Adviser and the Funds. She also serves as a Director for Alaric Compliance Services, a compliance consulting firm headquartered in New York, NY. Ms. Swanson has extensive experience with the Investment Advisers and Investment Company Act of 1940.

Prior to working with USA Mutuals, Ms. Swanson held a number of senior legal and compliance positions including: Vice President and Chief Compliance Officer at Schwab/Thomas Partners Investment Management, a privately held adviser; Senior Vice President/ Chief Compliance Officer at Aletheia Research and Management, Inc., a large cap equity growth manager with value and global equity products; General Counsel/Chief Compliance Officer for Transamerica Investment Management, LLC (“TIM”); where she served as CCO for the firm’s mutual funds and managed the legal and compliance department for the registered investment advisor of an institutional asset manager of equity and fixed income products with approximately $16 Billion in AUM. Ms. Swanson received her Juris Doctor, Dean’s List, from Suffolk University School of Law; Boston, MA and holds a Bachelor of Arts, cum laude from the University of Massachusetts, Amherst, MA. She is a member of the Massachusetts Bar.

Jeff Bottom

National Accounts Director

Mr. Bottom joined the firm in 2018 and brings close to 20 years of experience in the investment advisory business, including 14 years of experience specializing in the distribution of alternative investments. As National Account Director, Jeff will lead the company’s efforts to maintain and expand USA Mutuals relationship with the broker-dealer distribution channel. Jeff was most recently a Regional Director for an asset management firm that focused on non-market correlated, liquid alternative investments. Prior to that, he was the Director of Business Development and Investor Relations at Sylvan Road Capital, LLC, a private real estate investment firm specializing in single family residential real estate. He also served as a Managing Director at LandSmith, LP, a boutique private real estate investment firm. Prior to that, he was a Regional Vice President of Sales for ATEL Securities, an alternative investment firm specializing in global infrastructure, equipment leasing and venture debt financing. He received a BS in Water Resources Management from the University of New Hampshire and he currently resides in San Francisco.

He currently holds FINRA Series 3, 6, 7, 22 and 63 securities licenses.

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Our Philosophy

The relationship between expectations and results

“The commitment to creating an environment in which the company’s goals and expectations are truly aligned with our investors will represent the backbone of each strategic decision and the theme of each business day.”

We aim to clearly define the fundamental expectations of each of our strategies in various types of market cycles. Transparent and accurate expectations evolve into predictable risk management tools, and predictable risk management tools are the foundation of our portfolio construction philosophy.

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In constantly monitoring all corners of the institutional investment world, our management team seeks to identify uniquely talented and undiscovered investment managers that have compiled track records of success in their respective asset classes. We believe that offering these strategies in a vehicle that emphasizes both transparency and daily liquidity is a benefit to all investors. Furthermore, in aspiring to create a suite of strategies that are largely uncorrelated to each other, we hope to provide our clients the flexibility to employ one, several, or all of our funds as portfolio tools in addressing a variety of investment goals.

Although many factors are considered throughout the due diligence process, including asset class, investment style and market outlook, the backbone of our philosophy is represented in a set of core characteristics upon which we are unwilling to compromise:

A clearly defined risk management philosophy

Low or zero leverage

A repeatable investment process

A track record of Alpha generation

A comprehensive and unyielding Code of Ethics

Low correlation to economic cycles

At USA Mutuals, we believe that truly understanding the basic expectations and behavior of any investment strategy is paramount to its proper positioning within a portfolio. It is all too common in today’s alternative investment universe to encounter poorly defined or miscategorized investment objectives, both intentionally and unintentionally. Many funds attempt to be all things to all investors. Consequently, improperly utilized strategies can lead to unexpected results. This doesn’t necessarily mean a strategy is ineffective, it may simply mean it was incorrectly positioned relative to its actual attributes rather than its perceived attributes. This is an eminently fixable problem. We aim to clearly define the fundamental expectations of each of our strategies in various types of market cycles. Transparent and accurate expectations evolve into predictable risk management tools, and predictable risk management tools are the foundation of our portfolio construction philosophy.

Our Mission

“The commitment to creating an environment in which the company’s goals and expectations are truly aligned with our investors will represent the backbone of each strategic decision and the theme of each business day.” Built on a steadfast foundation of progressive investment theory, our philosophy endeavors to meet the goals of our investors in any economic cycle. Perpetually striving to transform clearly defined expectations into successful and measurable results is the bedrock of our organization.

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INNOVATIVE INVESTMENTS. EVOLVED EXPECTATIONS.