Mutual Funds

5

F/m Investments Large Cap Focused Fund (IAFLX/IAFMX)

About the fund

The F/m Investments Large Cap Focused Fund (IAFLX/IAFMX) invests primarily in large capitalization US companies with accelerating revenues and earnings. The Fund may also purchase American Depositary Receipts (ADRs) of international companies trading on US exchanges.

Investment Objective

The Fund seeks long-term growth of capital.

Investment Goal

The Fund seeks to invest in companies that exhibit accelerating revenues and earnings as well as technical strength. The Adviser believes the equity securities of such companies are likely to appreciate.

Strategy

QuantActiveTM, the proprietary strategy of the Fund’s Adviser, seeks to combine the strengths of quantitative and fundamental investment techniques.

Fund Facts

TICKER
IAFLX (Institutional Class)
IAFMX (Investor Class)
INCEPTION
10/3/2016
OBJECTIVE
Long-Term Growth
BENCHMARK
S&P 500 Total Return Index and
Russell 1000 Total Return Index
MORNINGSTAR CATEGORY
Large Growth
MINIMUM INVESTMENT
$100,000 (Institutional Class)
$1,000 (Investor Class)
NUMBER OF HOLDINGS
30 to 60 (approximate)
GROSS EXPENSE RATIO
1.04% (Institutional Class)
1.28% (Investor Class)

NET EXPENSE RATIO
0.91% (Institutional Class)
1.16% (Investor Class)

See “Expense Limitation” for additional information.

Important Risk Information:

As with any mutual fund investment, the Fund’s returns will vary and you could lose money. There can be no assurance that the Fund will be successful in meeting its investment objective.

Large Cap – Larger capitalization companies may be unable to respond quickly to new competitive challenges, such as changes in technology developments and consumer tastes, have fewer opportunities to expand the market for their products or services, and may not be able to attain the high growth rate of successful smaller companies.

Foreign Securities and ADRs – Foreign investments may be affected by changes in a foreign country’s exchange rates, political and social instability, changes in economic or taxation policies, difficulties when enforcing obligations, decreased liquidity, and increased volatility. Foreign companies may be subject to less regulation resulting in less publicly available information about the companies. Depositary receipts are generally subject to the same risks as the foreign securities that they evidence or into which they may be converted.