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SUMMARY SECTION
Investment Objective
<p id="xdx_A89_eoef--ObjectivePrimaryTextBlock_zf6D0EiSylf6" style="font: 10pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 6pt; text-indent: 20pt; color: #231F20">The investment objective
of the Summitry Equity Fund (the “Fund”) is to provide long-term capital appreciation. A secondary objective is to provide
current income.</p>
Fees and Expenses of the Fund
<p id="xdx_A84_eoef--ExpenseNarrativeTextBlock_zn9f1WYEmE2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 26pt; color: #231F20">The table below describes the fees and
expenses that you may pay if you buy, hold, and sell shares of the Fund. <b>You may pay other fees, such as brokerage commissions and
other fees to financial intermediaries, which are not reflected in the table and example below.</b></p>
Shareholder fees (fees paid directly
from your investment)
<div id="xdx_A8A_eoef--ShareholderFeesTableTextBlock_zj6yxYXwLzpa"></div>
<table border="0" cellpadding="0" cellspacing="0" id="xdx_A59_dU_zhR0FpoMBau9" style="font: 10pt Times New Roman, Times, Serif; width: 100%; color: #231F20" summary="xdx: Disclosure - Shareholder Fees">
<tr style="vertical-align: top">
<td style="padding-left: 10pt; text-indent: -10pt">Fee for Redemptions Paid by Wire</td>
<td style="padding-left: 10pt; text-indent: -10pt">$<span id="xdx_90E_eoef--RedemptionFee_iN_din_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member__oef--ClassAxis__custom--C000074420Member_zVTNFJX3bzy4" title="Fee for Redemptions Paid by Wire">15.00</span></td></tr>
</table>
<p style="font: 7.5pt Times New Roman, Times, Serif; margin: 0"> </p>
-15.00
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
<div id="xdx_A87_eoef--AnnualFundOperatingExpensesTableTextBlock_zfVqODbg5dI4"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A5C_dU_z8bYTbQ7AM8e" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses">
<tr style="vertical-align: top">
<td style="padding-left: 2.75pt"> </td>
<td id="xdx_49A_20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member__oef--ClassAxis__custom--C000074420Member_zvQq5q1XIQO8" style="padding-left: 5.3pt"> </td></tr>
<tr id="xdx_406_eoef--ManagementFeesOverAssets_dpn_z7ns2amLgBV1" style="vertical-align: top">
<td style="width: 83%; padding-left: 2.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">Management Fees </span></td>
<td style="width: 17%; padding-left: 5.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">1.00%</span></td></tr>
<tr id="xdx_405_eoef--DistributionAndService12b1FeesOverAssets_dpn_z9kMTb8mZLCg" style="vertical-align: top">
<td style="padding-left: 2.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">Distribution (12b-1) Fees<sup id="xdx_F4B_z4D3TheavoEd">1</sup> </span></td>
<td style="padding-left: 5.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">0.00%</span></td></tr>
<tr id="xdx_408_eoef--OtherExpensesOverAssets_dpn_zvdhQqvFyo6k" style="vertical-align: top">
<td style="padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">Other Expenses </span></td>
<td style="padding-left: 5.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">0.37%</span></td></tr>
<tr id="xdx_408_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_z19y0ux3Bgd6" style="vertical-align: top">
<td style="padding-left: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">Acquired Fund Fees and Expenses<sup id="xdx_F43_z6uYDEb8Wob1">2</sup> </span></td>
<td style="padding-left: 5.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"><span style="text-decoration: underline">0.01%</span></span></td></tr>
<tr id="xdx_408_eoef--ExpensesOverAssets_dpn_zFeDHpiHdYQd" style="vertical-align: top">
<td style="padding-left: 2.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">Total Annual Fund Operating Expenses<sup id="xdx_F4E_zekMgc5RqX7j">2</sup> </span></td>
<td style="padding-left: 5.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">1.38%</span></td></tr>
<tr id="xdx_408_eoef--FeeWaiverOrReimbursementOverAssets_zRQLjiJEx5Dl" style="vertical-align: top">
<td style="padding-left: 2.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">Fee Waiver/Expense Reimbursement<sup id="xdx_F42_z2wQHWLU7jf6">3</sup> </span></td>
<td style="padding-left: 2pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"><span style="text-decoration: underline">(0.12%)</span></span></td></tr>
<tr id="xdx_401_eoef--NetExpensesOverAssets_dpn_znGtA8xY65p5" style="vertical-align: top">
<td style="padding-left: 12.75pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">Total Annual Fund Operating Expenses After Fee Waiver/ Expense Reimbursement </span></td>
<td><p style="font: 12.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0"><span style="font-size: 10pt"> <span style="text-decoration: underline double">1.26%</span></span></p></td></tr>
</table>
<p style="font: 9.5pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 6pt"></td><td style="width: 19.95pt"><span id="xdx_F03_zWOVlBkY6xm7" style="font-size: 6.5pt">1</span></td><td style="padding-right: 17.85pt"><span id="xdx_F17_zNv1UcofN8T4">The Fund has adopted a 12b-1 Plan that permits the Fund to pay 0.25% of its average daily net assets
to financial institutions that provide distribution and/or shareholder servicing. The Plan will not be activated prior to <span id="xdx_90F_eoef--FeeWaiverOrReimbursementOverAssetsDateOfTermination_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zBn3dhE2UMUe">May 31, 2027</span>.</span></td></tr></table>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 6pt"></td><td style="width: 19.95pt"><span id="xdx_F04_zoab6ViQZoRa" style="font-size: 6.5pt">2</span></td><td style="padding-right: 17.85pt"><span id="xdx_F1B_zzJNJrUgLOO9">“Total Annual Fund Operating Expenses” shown in the table above differ from the ratio
of expenses to average net assets shown in the Financial Highlights because the Financial Highlights exclude “Acquired Fund Fees
and Expenses.”</span></td></tr><tr style="vertical-align: top">
<td> </td><td><span id="xdx_F0D_zd3fGev7appk" style="font-size: 6.5pt">3</span></td><td id="xdx_F1E_zsKV060fDNqc" style="padding-right: 17.85pt">Annual
Fund Operating Expenses After Fee Waivers/Expense Reimbursement reflects that, as of the date of this Prospectus, the Adviser has contractually
agreed to waive or limit its fees and to assume other expenses of the Fund until May 31, 2027, so that Total Annual Fund Operating Expenses
does not exceed 1.25%. This contractual arrangement may only be terminated by mutual consent of the Adviser and the Board of Trustees
of the Trust, and it will automatically terminate upon the termination of the investment advisory agreement
between the Fund and the Adviser. This operating expense limitation does not apply to: (i) interest, (ii) taxes, (iii) brokerage commissions,
(iv) other expenditures which are capitalized in accordance with generally accepted accounting principles, (v) other extraordinary expenses
not incurred in the ordinary course of the Fund’s business, (vi) dividend expense on short sales, (vii) expenses incurred under
a plan of distribution under Rule 12b-1, and (viii) expenses that the Fund has incurred but did not actually pay because of an expense
offset arrangement, if applicable, incurred by the Fund in any fiscal year. The operating expense limitation also excludes any “Acquired
Fund Fees and Expenses,” which are the expenses indirectly incurred by the Fund as a result of investing in money market funds or
other investment companies, including ETFs, that have their own expenses. Each waiver or reimbursement of an expense by the Adviser is
subject to repayment by the Fund within the three years following the date the particular expense payment occurred, provided that the
Fund is able to make the repayment without exceeding the expense limitation in place at the time of the waiver or reimbursement and the
expense limitation in place at the time of the repayment.</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 26pt; text-indent: -20pt"></p>
0.0100
0.0000
0.0037
0.0001
0.0138
-0.0012
0.0126
May 31, 2027
Expense Example:
<p id="xdx_A8E_eoef--ExpenseExampleNarrativeTextBlock_zmx2upS5wuch" style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 0; text-indent: 20.15pt; color: #231F20">This Example is intended
to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. <span id="xdx_902_eoef--ExpenseExampleByYearCaption_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zlZz9yOI0mxg">The example assumes that you invest
$10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes
that your investment has a 5% return each year, the Fund’s operating expenses remain the same, the 12b-1 Plan will not be activated
prior to May 31, 2027, and the contractual agreement to limit expenses remains in effect only until May 31, 2027. Although your actual
costs may be higher or lower, based on these assumptions your costs would be:</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.05pt 0 0; text-indent: 20.15pt"> </p>
The example assumes that you invest
$10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes
that your investment has a 5% return each year, the Fund’s operating expenses remain the same, the 12b-1 Plan will not be activated
prior to May 31, 2027, and the contractual agreement to limit expenses remains in effect only until May 31, 2027. Although your actual
costs may be higher or lower, based on these assumptions your costs would be:
<div id="xdx_A89_eoef--ExpenseExampleWithRedemptionTableTextBlock_z2THDqHBLVq8"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A5A_dU_zqnjqGOBnVU2" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example">
<tr style="vertical-align: top">
<td id="xdx_482_eoef--ExpenseExampleYear01_zSMLUlQPaZq" style="border-bottom: #231F20 1pt solid; width: 14%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"><b> 1 Year</b></span></td>
<td style="width: 11%"> </td>
<td id="xdx_486_eoef--ExpenseExampleYear03_zIqp8UThhtf8" style="border-bottom: #231F20 1pt solid; width: 17%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"><b> 3 Years</b></span></td>
<td style="width: 10%"> </td>
<td id="xdx_485_eoef--ExpenseExampleYear05_z0ij30XQ3fRf" style="border-bottom: #231F20 1pt solid; width: 16%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"><b> 5 Years</b></span></td>
<td style="width: 9%"> </td>
<td id="xdx_48B_eoef--ExpenseExampleYear10_z2KEcIh4cHgd" style="border-bottom: #231F20 1pt solid; width: 23%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"><b> 10 Years</b></span></td></tr>
<tr id="xdx_413_20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member__oef--ClassAxis__custom--C000074420Member_zZebpHGVtslg" style="vertical-align: top">
<td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"> $128</span></td>
<td> </td>
<td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"> $478</span></td>
<td> </td>
<td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"> $852</span></td>
<td> </td>
<td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"> $1,902</span></td></tr>
</table>
128
478
852
1902
Portfolio Turnover
<p id="xdx_A81_eoef--PortfolioTurnoverTextBlock_zBD3pg5nscef" style="font: 10pt Times New Roman, Times, Serif; margin: 0 8.75pt 0 0; text-indent: 20pt; color: #231F20">The Fund pays transaction
costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs,
which are not reflected in annual operating expenses or in the example above, affect the Fund’s performance. During the most recent
fiscal year, the Fund’s portfolio turnover rate was <span id="xdx_90A_eoef--PortfolioTurnoverRate_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_ztMsXYRASpn6">16%</span> of the average value of its portfolio.</p>
0.16
Principal Investment Strategies
<p id="xdx_A87_eoef--StrategyNarrativeTextBlock_zJbRtBArlwH5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 17pt 0 0; text-indent: 20pt; color: #231F20">The Fund invests primarily
in common stocks that in the opinion of the Fund’s adviser, Summitry LLC, (the “Adviser”) appear to be temporarily undervalued
by the market. The Adviser focuses on businesses that have strong cash flow, solid balance sheets, a history of consistent profitability,
high return on capital, and the capacity to pay and regularly increase dividends. Under normal circumstances, the Fund will invest at
least 80% of its net assets (plus any borrowing for investment purposes) in equity securities.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.7pt 0 0; text-indent: 20pt; color: #231F20">The Adviser considers a security
to be temporarily undervalued if the security’s intrinsic value as assessed by the Adviser’s proprietary “Equity Research
and Portfolio Implementation Process,” is significantly greater than the range in which the security is trading in the securities
markets. In order to implement this strategy, the Adviser will focus on large capitalization global businesses, pay strict attention to
the valuation of each business, and invest for the long-term.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.7pt 0 0; text-indent: 20pt; color: #231F20">The Adviser will select portfolio
securities after a security has passed through its “Equity Research and Portfolio Implementation Process.” Typically, this
process begins with quantitative screens or other idea sources that narrow the initial universe of stocks based on market capitalization,
valuation metrics, return metrics, growth characteristics and financial strength.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 4.95pt 0 0; text-indent: 20pt; color: #231F20">Equity securities in which
the Fund may invest include common stocks and common stock equivalents (such as rights or warrants, which give the Fund the ability to
purchase the common stock, and convertible securities, which are securities that are convertible into the common stock), real estate investment
trusts (“REITs”), and shares of other investment companies (including open-end and closed-end funds and exchange-traded funds
(“ETFs”)) whose portfolios primarily consist of equity securities. The Fund also may invest in foreign companies, either directly
or through American Depositary Receipts (“ADRs”), which are receipts issued by U.S. banks for shares of a foreign corporation
that entitle the holder to dividends and capital gains on the underlying security. The Fund may invest up to 20% of its net assets in
cash and other cash equivalents.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.7pt 0 0; text-indent: 20pt; color: #231F20">Overpriced securities and
those with deteriorating fundamentals that cannot support the current valuation of the security are candidates for sale.</p>
<p id="xdx_A8A_eoef--RiskTextBlock_zYkGycyMFit1" style="font: 10pt Times New Roman, Times, Serif; margin: 0 6.5pt 0 0; text-indent: 20pt; color: #231F20">The principal risks of investing
in the Fund are summarized below. <span id="xdx_903_eoef--RiskTextBlock_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member__oef--RiskAxis__oef--RiskLoseMoneyMember_zR9f3aEoaOY9">There may be circumstances that could prevent the Fund from achieving its investment goal and you may
lose money by investing in the Fund.</span> You</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 6.5pt 0 0">should carefully consider the Fund’s investment risks before
deciding whether to invest in the Fund. The order of the below risk factors does not indicate the significance of any particular risk
factor and the relative significance of each risk below may change over time.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 6.5pt 0 0; text-indent: 20pt"> </p>
There may be circumstances that could prevent the Fund from achieving its investment goal and you may
lose money by investing in the Fund.
<div id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--StockMarketRiskMember_zSYubiIPmXD9"></div>
<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><span id="a_Hlk69902281"></span><span style="font-size: 10pt; color: #231F20">•</span></td><td><span style="font-size: 10pt"><b>Stock Market Risk.</b> Overall stock market risks may affect the value of the Fund. Factors such
as domestic and foreign economic growth and market conditions, interest rate levels, pandemics, natural disasters, and political events
affect the securities markets. Movements in the stock market may affect adversely the specific securities held by the Fund on a daily
basis, and, as a result, such movements may negatively affect the Fund’s net asset value per share (“NAV”). When the
value of the Fund’s investments goes down, your investment in the Fund decreases in value and you could lose money.</span></td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 7.1pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--RiskOfWarrantsAndRightsMember_zDbyAMjA7bt6"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 6.5pt"><b>Risk of Warrants and Rights. </b>A warrant or a right may become worthless unless exercised or sold
before expiration. For example, if the market price of the common stock does not exceed the exercise price during the life of the warrant
or right, the warrant or right will expire worthless. Warrants and rights have no voting rights, pay no dividends and have no rights with
respect to the assets of the corporation issuing them. The percentage increase or decrease in the value of a warrant or right may be greater
than the percentage increase or decrease in the value of the underlying common stock.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 6.5pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--ConvertibleSecuritiesRiskMember_zz626n0tpkX7"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 10.6pt"><b>Convertible Securities Risk.</b> The value of a convertible security is influenced by changes in
interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing
of the company issuing the convertible security and other factors also may have an effect on the convertible security’s investment
value.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 10.6pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--VolatilityRiskMember_zv629mBbehX3"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 5.7pt"><b>Volatility Risk.</b> Common stocks tend to be more volatile than other investment alternatives. The
value of an individual company can be more volatile than the market as a whole. This volatility affects the value of the Fund’s
shares.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.7pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--ManagementRiskMember_zvUQsbsQ8hBl"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 13.25pt"><b>Management Risk.</b> Fund management’s skill in choosing appropriate investments will play
a large part in determining whether the Fund is able to achieve its investment objective. To the extent appropriate investments are not
chosen, the Fund may decline in value and you could lose money.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 13.25pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--GrowthRiskMember_zJ8ECgQHWm6e"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 35.95pt"><b>Growth Risk. </b>If the Adviser’s perceptions of a company’s growth potential are wrong,
the securities purchased may not perform as expected, reducing the Fund’s return.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 35.95pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargeCapRiskMember_z4nSvzEVinqg"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 10.05pt"><b>Large-Cap Risk. </b>Large capitalization companies tend to be less volatile than companies with
smaller market capitalization. This potentially lower risk means that the Fund’s share price may not rise as much as share prices
of funds that focus on smaller capitalization companies.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 10.05pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForeignSecuritiesRiskMember_zN1HfXl7fBcg"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 7.05pt"><b>Foreign Securities Risk.</b> There may be less information about foreign companies in the form of
reports and ratings than about U.S. issuers. Foreign issuers may not be subject to uniform accounting, auditing and financial reporting
requirements comparable to those applicable to U.S. issuers. Foreign markets may not be as developed or efficient as those in the United
States, and there is generally less government supervision and regulation of securities exchanges, brokers and listed issuers than in
the United States. Investments in foreign securities also subject the Fund to risks associated with fluctuations in currency values.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 7.05pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--SectorRiskMember_z7CuvWhipHvf"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 10.25pt"><b>Sector Risk. </b>The Adviser may allocate more of the Fund’s investments to particular segments
of the market. A particular market sector can be more volatile or underperform relative to the market as a whole. Stocks within the same
group of industries will decline in price due to sector-specific, market or economic developments. To the extent that the Fund has over-weighted
holdings within a particular sector, such as Information Technology, the Fund is subject to an increased risk that its investments in
that particular sector may decline because of changing expectations for the performance of that sector.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 10.25pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A85_eoef--RiskTextBlock_hoef--RiskAxis__custom--FocusRiskMember_zZGEUyZhtm95"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 9pt"><b>Focus Risk. </b>While the Fund is diversified, it may, at times, hold the securities of a small number
of issuers. At such times where the Fund may hold the securities of fewer issuers, the performance of these issuers could have a substantial
impact on the Fund’s performance.</td></tr></table>
<div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--RealEstateInvestmentTrustREITRiskMember_z2NYPXeQX0Jg"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 11.45pt"><b>Real Estate Investment Trust (REIT) Risk.</b> The Fund’s investments in REIT securities will
expose the Fund to risks similar to those associated with direct investments in real estate, including changes in interest rates, overbuilding,
increased property taxes, or regulatory actions.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 11.45pt 0 0; text-indent: 0in"> </p>
<div id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--OtherInvestmentCompanyRiskMember_zIrDQgHkSnEf"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 6.5pt"><b>Other Investment Company Risk</b>. The Fund will incur higher and duplicative expenses when it invests
in mutual funds, ETFs, and other investment companies. There is also the risk that the Fund may suffer losses due to the investment practices
of the underlying funds.</td></tr></table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--ChangesInTradeNegotiationsRiskMember_zOEq7KLy9MK2"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><span style="color: #231F20">•</span></td><td><b>Changes in Trade Negotiations Risk</b>. In recent years, the U.S. government has indicated its intent to alter its approach
to international trade policy and in some cases to renegotiate, or potentially terminate, certain existing bilateral or multi-lateral
trade agreements and treaties with foreign countries, and has made proposals and taken actions related thereto. Tariffs on imported goods
could further increase costs, decrease margins, reduce the competitiveness of products and services offered by current and future portfolio
companies and adversely affect the revenues and profitability of portfolio companies whose businesses rely on goods imported from such
impacted jurisdictions.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"> </p>
<div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighlyVolatileMarketsRiskMember_znWwKitWZIb7"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><span style="color: #231F20">•</span></td><td><b>Highly Volatile Markets Risk</b>. The prices of instruments in which the Fund may invest are influenced by numerous factors,
including interest rates, currency rates, default rates, governmental policies and political and economic events (both domestic and global).
Moreover, political or economic crises, or other events may occur that can be highly disruptive to the markets in which the Fund may invest.
In addition, governments from time to time intervene (directly and by regulation), which intervention may adversely affect the performance
of the Fund and its investment activities. The Fund is also subject to the risk of a temporary or permanent failure of the exchanges and
other markets on which its investments may trade. Sustained market turmoil and periods of heightened market volatility make it more difficult
to produce positive trading results, and there can be no assurance that the Fund’s strategies will be successful in such markets.</td></tr></table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<div id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--LegislationAndRegulatoryRiskMember_zgoAbbBmnsVe"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><span style="color: #231F20">•</span></td><td><b>Legislation and Regulatory Risk</b>. New or amended regulations may be imposed by the Commodity Futures Trading Commission (the
“CFTC”), the SEC, the Federal Reserve, the European Union (the “EU”) or other financial regulators, other governmental
or intergovernmental regulatory authorities or self-regulatory organizations that supervise the financial markets, and could adversely
affect the Fund. In particular, the CFTC and the SEC are empowered to promulgate a variety of new rules pursuant to recently enacted financial
reform legislation in the United States. The Fund also may be adversely affected by changes in the enforcement or interpretation of statutes
and rules by these regulatory authorities or self-regulatory organizations.</td></tr></table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<div id="xdx_A8A_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketDisruptionsRiskMember_zHoj2Er97Fwg"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><span style="color: #231F20">•</span></td><td><b>Market Disruptions Risk</b>. The Fund may incur major losses in the event of market disruptions and other extraordinary events
in which historical pricing relationships become materially distorted. The risk of loss from pricing distortions is compounded by the
fact that in disrupted markets many positions become illiquid, making it difficult or impossible to close out positions against which
the markets are moving. Market disruptions caused by unexpected political, military and terrorist events may from time to time cause dramatic
losses for the Fund and such events can result in otherwise historically low-risk strategies performing with unprecedented volatility
and risk.</td></tr></table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--USDebtCeilingAndBudgetDeficitRisksMember_zkTH3jAjaGF6"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in"><span style="color: #231F20">•</span></td><td><b>U.S. Debt Ceiling and Budget Deficit Risks</b>. U.S. debt ceiling and budget deficit concerns have increased the possibility
of additional credit-rating downgrades and economic slowdowns, or a recession in the United States. Although U.S. lawmakers have historically
passed legislation to raise the federal debt ceiling on multiple occasions, ratings agencies have lowered or threatened to lower the long-term
sovereign credit rating on the United States. In August 2023, Fitch Ratings Inc., downgraded the U.S. credit rating to AA+ from AAA, citing
fiscal deterioration over the next three years and close encounters with default due to ongoing political dysfunction. The impact of a
U.S. default on its obligations or any further downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness
could adversely affect the U.S. and global financial markets and economic conditions. In addition, disagreement over the federal budget
has caused the U.S. federal government to shut down for periods of time. Continued adverse political and economic conditions could have
a material adverse effect on the Fund’s business, financial condition and results of operations.</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"> </p>
<div id="xdx_A81_eoef--RiskTextBlock_hoef--RiskAxis__custom--CybersecurityRiskMember_zxqArvsGXJHe"></div>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0; color: #231F20"><tr style="vertical-align: top">
<td style="width: 0.5in"></td><td style="width: 0.5in">•</td><td style="padding-right: 6.5pt"><b>Cybersecurity Risk. </b>The Fund and its service providers may be subject, directly or indirectly,
to operational and information security risks resulting from breaches in cybersecurity that may cause the Fund to lose or compromise</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 6.5pt 0 0">confidential information, suffer data corruption or lose operational
capacity. Similar types of cybersecurity risks are also present for issuers of securities in which the Fund may invest, which may cause
the Fund’s investments in such companies to lose value. There is no guarantee the Fund will be successful in protecting against
cybersecurity breaches.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7pt 0 0; text-indent: 20pt; color: #231F20"><span id="xdx_900_eoef--RiskTextBlock_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member__oef--RiskAxis__oef--RiskNotInsuredDepositoryInstitutionMember_ziiUZhpJe6t6">An investment in the Fund
is not a deposit at a bank and is not insured or guaranteed by any government agency.</span></p>
An investment in the Fund
is not a deposit at a bank and is not insured or guaranteed by any government agency.
Performance
<p id="xdx_A84_eoef--PerformanceNarrativeTextBlock_z7WZzaCC9kH1" style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7pt 0 5pt; text-indent: 20pt; color: #231F20"><span id="xdx_90C_eoef--PerformanceInformationIllustratesVariabilityOfReturns_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zlHy1tcjPhV8">The bar chart below shows
how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total
returns for the one-year, five-year, and ten-year periods compare over time to those of a broad-based securities market index.</span> <span id="xdx_903_eoef--PerformancePastDoesNotIndicateFuture_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zIoA7o48jzsb">This information
provides some indication of the risks of investing in the Fund. Past performance (before and after taxes) of the Fund is no guarantee
of how it will perform in the future.</span></p>
The bar chart below shows
how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total
returns for the one-year, five-year, and ten-year periods compare over time to those of a broad-based securities market index.
This information
provides some indication of the risks of investing in the Fund. Past performance (before and after taxes) of the Fund is no guarantee
of how it will perform in the future.
Annual Total
Return (years ended December 31st)
<p id="xdx_A8F_eoef--BarChartTableTextBlock_zSpkYOBGe6ok" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 25pt; color: #231F20"> </p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: center"><img alt="" src="image_002.jpg" style="height: 190.5pt; width: 322.5pt"/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 105.75pt"> </p>
<div></div>
<table cellpadding="0" cellspacing="0" id="xdx_A5F_dU_zoLExbGxgBac" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns">
<tr style="display: none; vertical-align: bottom; text-align: center">
<th style="display: none; text-align: center">Years</th>
<th style="display: none; text-align: center">Returns</th></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center; width: 50%">2016</td>
<td id="xdx_98C_eoef--AnnlRtrPct_c20160101__20161231__oef--ClassAxis__custom--C000074420Member_z0dzeqP5tSA9" style="display: none; text-align: center; width: 50%">11.41%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2017</td>
<td id="xdx_985_eoef--AnnlRtrPct_c20170101__20171231__oef--ClassAxis__custom--C000074420Member_zvYZXrISDkPb" style="display: none; text-align: center">12.53%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2018</td>
<td id="xdx_98A_eoef--AnnlRtrPct_c20180101__20181231__oef--ClassAxis__custom--C000074420Member_zaRQkpuFu3ng" style="display: none; text-align: center">-7.50%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2019</td>
<td id="xdx_985_eoef--AnnlRtrPct_c20190101__20191231__oef--ClassAxis__custom--C000074420Member_z62LOnykAHZe" style="display: none; text-align: center">26.60%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2020</td>
<td id="xdx_98B_eoef--AnnlRtrPct_c20200101__20201231__oef--ClassAxis__custom--C000074420Member_zN26tVxT9jZj" style="display: none; text-align: center">15.38%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2021</td>
<td id="xdx_984_eoef--AnnlRtrPct_c20210101__20211231__oef--ClassAxis__custom--C000074420Member_z8in4Cb5w9D2" style="display: none; text-align: center">25.30%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2022</td>
<td id="xdx_984_eoef--AnnlRtrPct_c20220101__20221231__oef--ClassAxis__custom--C000074420Member_z6oYimCBbIIl" style="display: none; text-align: center">-20.40%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2023</td>
<td id="xdx_98E_eoef--AnnlRtrPct_c20230101__20231231__oef--ClassAxis__custom--C000074420Member_zICwcksk6Nei" style="display: none; text-align: center">30.90%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2024</td>
<td id="xdx_984_eoef--AnnlRtrPct_c20240101__20241231__oef--ClassAxis__custom--C000074420Member_zvhK3W1HxeW7" style="display: none; text-align: center">25.43%</td></tr>
<tr style="display: none; vertical-align: top; text-align: left">
<td style="display: none; text-align: center">2025</td>
<td id="xdx_98D_eoef--AnnlRtrPct_c20250101__20251231__oef--ClassAxis__custom--C000074420Member_zmrIoVb69n6k" style="display: none; text-align: center">11.41%</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 105.75pt"></p>
0.1141
0.1253
-0.0750
0.2660
0.1538
0.2530
-0.2040
0.3090
0.2543
0.1141
<p id="xdx_A86_eoef--BarChartClosingTextBlock_zFIGIJGLxXye" style="font: 10pt Times New Roman, Times, Serif; margin: 0 2.7pt 0 0; text-indent: 20pt; color: #231F20">During the period shown
in the bar chart, the <span id="xdx_902_eoef--HighestQuarterlyReturnLabel_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zXWcEVMo7xJ9">highest return for a quarter</span> was <span id="xdx_904_eoef--BarChartHighestQuarterlyReturn_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_za0HZnzNAAmf">18.28%</span> during the quarter ended <span id="xdx_901_eoef--BarChartHighestQuarterlyReturnDate_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zTMvPYtomNxi">June 30, 2020</span> and the <span id="xdx_908_eoef--LowestQuarterlyReturnLabel_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zuCzuwzcDZU9">lowest return for a quarter</span>
was <span id="xdx_90E_eoef--BarChartLowestQuarterlyReturn_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zkXWUHiUVVN9">(23.80)%</span> during the quarter ended <span id="xdx_903_eoef--BarChartLowestQuarterlyReturnDate_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zK6cutjPsnKd">March 31, 2020</span>. The <span id="xdx_90B_eoef--YearToDateReturnLabel_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zBVSnJzrFI1g">year to date return</span> as of <span id="xdx_908_eoef--BarChartYearToDateReturnDate_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_ziCY0gFxlFbc">March 31, 2026</span> was <span id="xdx_909_eoef--BarChartYearToDateReturn_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zZDiZmVH60Uk">(6.79)%</span>.</p>
highest return for a quarter
0.1828
2020-06-30
lowest return for a quarter
-0.2380
2020-03-31
year to date return
2026-03-31
-0.0679
Average Annual Total Returns (for the
periods ended December 31, 2025)
<div id="xdx_A8A_eoef--PerformanceTableTextBlock_zq3W2JPp4Lw7"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A53_dU_zV5BupzWWJUk" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns">
<tr style="vertical-align: top">
<td style="border: Black 1pt solid; width: 49%"> </td>
<td id="xdx_498_20250101__20251231_zxBnnNKtykQf" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 16%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">One Year</span></b></span></td>
<td id="xdx_49B_20210101__20251231_zvkjkzCjfcMa" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 16%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Five Years</span></b></span></td>
<td id="xdx_493_20160101__20251231_zKgAIydVJ4K" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 19%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline">Ten Years</span></b></span></td></tr>
<tr style="vertical-align: top">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>The Fund</b></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"> </td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"> </td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"> </td></tr>
<tr id="xdx_40A_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000074420Member_zioNgQDjxCZd" style="vertical-align: top">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 13.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_eoef--AverageAnnualReturnLabel_c20260601__20260601__oef--ClassAxis__custom--C000074420Member_zazdTCKLmyGc">Before Taxes</span></span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.41%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">12.78%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">11.94%</span></td></tr>
<tr id="xdx_400_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000074420Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zNFSHJt9GlL" style="vertical-align: top">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 13.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">After Taxes on Distributions</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">7.56%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">10.03%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">9.91%</span></td></tr>
<tr id="xdx_40A_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000074420Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zit1q62aRZAj" style="vertical-align: top">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 13.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">After Taxes on Distributions and Sale of Fund Shares</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">9.49%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">9.74%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">9.38%</span></td></tr>
<tr id="xdx_403_eoef--AvgAnnlRtrPct_dp_hoef--ClassAxis__custom--C000074420Member__oef--PerformanceMeasureAxis__custom--SP500IndexReflectsNoDeductionForFeesExpensesTaxesMember_zoJJMhUDOfM6" style="vertical-align: top">
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>S&P 500 Total Return Index</b> (<span id="xdx_908_eoef--IndexNoDeductionForFeesExpensesTaxes_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zuat4CCfMbB7">reflects no deduction for fees, expenses, or taxes</span>)</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">17.88%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20">14.42%</span></td>
<td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #231F20"> 14.82%</span></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
Before Taxes
0.1141
0.1278
0.1194
0.0756
0.1003
0.0991
0.0949
0.0974
0.0938
reflects no deduction for fees, expenses, or taxes
0.1788
0.1442
0.1482
<p id="xdx_A84_eoef--PerformanceTableClosingTextBlock_zS4WJ0Ya4DG4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.1pt 0 0; text-indent: 0in; color: #231F20"><span id="xdx_90D_eoef--PerformanceTableUsesHighestFederalRate_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zVKeh0RdgTu5">After-tax returns are calculated
using the historical highest individual federal marginal income tax rates in effect and do not reflect the impact of state and local taxes.</span>
<span id="xdx_901_eoef--PerformanceTableNotRelevantToTaxDeferred_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zXW6lTzis3N3">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are
not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement
accounts (“IRAs”).</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.1pt 0 0"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 5.05pt 0 0"><span style="font-family: Times New Roman, Times, Serif; color: #231F20"><i>Current
performance of the Fund may be lower or higher than the performance quoted above. Current performance data may be obtained by calling
<span id="xdx_904_eoef--PerformanceAvailabilityPhone_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zjr60AunIok6">(866) 954-6682</span>. Performance data current to the most recent quarter end may be obtained from the Fund</i></span><i><span style="color: #231F20">’<span style="font-family: Times New Roman, Times, Serif">s
website at </span></span></i><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_90B_eoef--PerformanceAvailabilityWebSiteAddress_c20260601__20260601__dei--LegalEntityAxis__custom--S000025018Member_zgYFy2GUFTUi">www.summitryfunds.com</span></span><span style="font-family: Times New Roman, Times, Serif; color: #231F20"><i>.</i></span></p>
After-tax returns are calculated
using the historical highest individual federal marginal income tax rates in effect and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are
not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement
accounts (“IRAs”).
(866) 954-6682
www.summitryfunds.com