Our Strategic Income Fund strives to be a risk diversifier. It seeks to maximize total return by effectively maintaining an optimal exposure to credit over time. To vary credit exposure, and in an effort to hedge against potential credit, rate, and liquidity risks, we utilize an allocation to cash and credit derivatives.

Disclosure – The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative. It is possible that the hedge may not succeed.

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Disclosure – Investing involves risk, including loss of principal. There is no guarantee that the fund will achieve its investment objective. The value of derivatives may rise or fall more rapidly than other investments. It is possible that the hedge may not succeed.

Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

In general, as prevailing interest rates rise, fixed income securities prices will fall. Of course, there can be no assurance that the funds will achieve their objectives or that their investment strategies will be successful. No investment strategy, including a total return strategy, can ensure a profit or protect against loss. Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment loss.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus and summary prospectus contains this and other information about the Fund and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus or summary prospectus by calling 1-888-396-4766.

Distributed by Ultimus Fund Distributors, LLC