1% is management fees and expense ratio going to be quite high. Other interesting thing I found is minimum balance per fund which is listed below. It seems like they are making every effort to weed out small investors who might be able to buy the fund online through some small brokerage.

Minimum Account Size

Due to the high cost of maintaining smaller accounts, the Trust reserves the right to redeem shares in any account if, as the result of a withdrawal, the value of that account drops below $2,000. This does not apply to accounts participating in the Automatic Investment Program or to retirement accounts. The Trust also reserves the right to redeem shares in any Class I account of the Funds if the value of that Class I account drops below $500,000. You will have at least 30 days to make an additional investment to bring the account value to the stated minimum before the redemption is processed.