13D Activist Fund Description of the Fund

The information on this site is not intended, nor should it be construed as, investment, tax, or legal advice, or a recommendation, offer or solicitation of an investment. All investors should consider the investment objectives, risks, charges and expenses of the 13D Activist Fund carefully before investing. This and other information about the Fund is contained in the Fund's prospectus and the summary prospectus, which can be obtained on the web at www.13DActivistFund.com or by calling 1-877-413-3228. Read the prospectus carefully before investing.

Past performance is not necessarily indicative of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. There can be no assurance that the Fund will achieve its goals or avoid losses. Information about the Fund, including current month-end performance, is available on the Fund’s website at www.13DActivistFund.com or by calling 1-877-413-3228.

Important Risks: Mutual Fund investing involves risk including loss of principal. Overall stock market risks will affect the value of individual instruments in which the Fund invests. Factors such as economic growth, market conditions, interest rate levels, and political events affect the U.S. securities markets. When the value of the Fund's investments goes down, your investment in the Fund decreases in value and you could lose money. Investments in foreign securities could subject the Fund to greater risks including currency fluctuation, economic conditions, and different governmental and accounting standards. The Fund is a non-diversified investment company, which makes the value of the Fund's shares more susceptible to certain risks than shares of a diversified investment company. The Fund has a greater potential to realize losses upon the occurrence of adverse events affecting a particular issuer. The value of small or medium capitalization company stocks may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. An investor should also consider the Fund's investment objective, charges, expenses, and risk carefully before investing. The adviser’s consideration of ESG factors could cause it to perform differently compared to funds that do not have such a policy and may not produce the desired results.

The foregoing information has not been provided in a fiduciary capacity under ERISA, and it is not intended to be, and should not be considered as, impartial investment advice. If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to 13D Management about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances.

Analysis and research are provided for informational purposes only, not for trading or investing purposes. All opinions expressed are as of the date of publication and subject to change. 13D Management and its affiliates are not liable for the accuracy, usefulness or availability of any such information or liable for any trading or investing based on such information.

The information and services provided on this web site are intended for persons in the US only.

The 13D Activist Fund is distributed by Foreside Financial Services, LLC, a member of FINRA. 13D Management LLC is not affiliated with Foreside Financial Services LLC.