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.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-800-617-0004. Read the prospectus or summary prospectus carefully before investing.
Investments involve risk. Principal loss is possible.
Distributed by Quasar Distributors, LLC
Important mutual fund risk information
The Funds are not suitable for all investors and are subject to investment risk, including possible loss of principal. There can be no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. Past performance is not a guarantee of future results.
A bond’s market value may be affected significantly by changes in interest rates – generally, when interest rates rise, the bond’s market value declines and when interest rates decline, its market value rises.
Investment grade fixed-income securities are rated in the four highest credit categories (AAA, AA, A, BBB, or an equivalent rating) by at least one nationally recognized rating agency. Mortgage-backed securities are subject to greater prepayment risk during periods when interest rates decline. Prepayment risk is the risk that the principal on mortgage-backed securities, other asset-backed securities or any fixed income security with an embedded call option may be prepaid at any time, which could reduce yield and market value.
High-yield securities or junk bonds are often considered to be speculative and involve greater risk of default or price changes than investment grade fixed-income securities due to changes in the issuer’s creditworthiness or the market’s perception of an issuer’s creditworthiness. These securities issuers may not be as financially strong as those of issuers of higher rated securities.
The Fund may invest in thinly traded securities that are privatively placed but eligible for purchase and sale by certain qualified institutional buyers. Liquidity risk is the risk that a limited market for a security may make it difficult for that security to be sold at an advantageous time or price.
Duration is a measure of the sensitivity of the price of a fixed-income investment to a change in interest rates.
Diversification does not ensure a profit or guarantee against loss.
For a complete list of all of the risks involved when investing in the Funds, please refer to the current prospectus.
