Bloomberg U.S. MBS Index (reflects no deduction for fees, expenses or taxes) Bloomberg U.S. MBS Index (reflects no deduction for fees, expenses or taxes) When-Issued Securities Risk Member When-Issued Securities Risk Member Medalist Partners MBS Total Return Fund Medalist Partners MBS Total Return Fund , S000041568 Medalist Partners MBS Total Return Fund Investor Class MEDALIST PARTNERS MBS TOTAL RETURN FUND, C000129090, SEMPX Sub-Prime Mortgage Risk Member Sub-Prime Mortgage Risk Member Collateralized Loan Obligation Risk Member Collateralized Loan Obligation Risk Member Repurchase Agreement Risk Member Repurchase Agreement Risk Member Fixed Income Securities Risk, Credit Risk Member Fixed Income Securities Risk, Credit Risk Member Fixed Income Securities Risk, Interest Rate Risk Member Fixed Income Securities Risk, Interest Rate Risk Member Portfolio Turnover Risk Member Portfolio Turnover Risk Member Leverage Risk Member Leverage Risk Member Fixed Income Securities Risk, Prepayment Risk Member Fixed Income Securities Risk, Prepayment Risk Member Privately Issued Mortgage-Related Securities Risk Member Privately Issued Mortgage-Related Securities Risk Member Medalist Partners MBS Total Return Fund Class A MEDALIST PARTNERS MBS TOTAL RETURN FUND Class, C000164429, SEMOX Risks Associated With Mortgage-Backed And Other Asset-Backed Securities Risk Member Risks Associated With Mortgage-Backed And Other Asset-Backed Securities Risk Member Bloomberg 1-3 Year U.S. Treasury Index (reflects no deduction for fees, expenses or taxes) Bloomberg 1-3 Year U.S. Treasury Index (reflects no deduction for fees, expenses or taxes) High Yield Risk Member High Yield Risk Member Fixed-Income Securities Risk Member Fixed-Income Securities Risk Member Risks Associated With Real Estate And Regulatory Actions Member Risks Associated With Real Estate And Regulatory Actions Member Investment Company Risk Member Investment Company Risk Member Economic And Market Risk Member Economic And Market Risk Member Concentration Risk Member Concentration Risk Member Medalist Partners Short Duration Fund Medalist Partners Short Duration Fund, S000044807 Medalist Partners Short Duration Fund Institutional Class Medalist Partners Short Duration Fund, C000139162, SEMIX Bloomberg 1-3 Year Government Index (reflects no deduction for fees, expenses or taxes) Bloomberg 1-3 Year Government Index (reflects no deduction for fees, expenses or taxes) Management Risk Member Management Risk Member Rule 144A Securities Risk Member Rule 144A Securities Risk Member Residential Mortgage-Backed Securities Risk Member Residential Mortgage-Backed Securities Risk Member Municipal Securities Risk Member Municipal Securities Risk Member Credit Risk Transfer Securities Risk Member Credit Risk Transfer Securities Risk Member Liquidity Risk Member Liquidity Risk Member Medalist Partners Short Duration Fund Investor Class Medalist Partners Short Duration Fund, C000139163, SEMRX Counterparty Risk Member Counterparty Risk Member Fixed Income Securities Risk, Extension Risk Member Fixed Income Securities Risk, Extension Risk Member Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) Commercial Mortgage-Backed Securities Risk Member Commercial Mortgage-Backed Securities Risk Member Medalist Partners MBS Total Return Fund Institutional Class Medalist Partners MBS Total Return Fund , C000129089, SEMMX U.S. Government Securities Risk Member U.S. Government Securities Risk Member