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2026-06-28 RISK/RETURN SUMMARY INVESTMENT OBJECTIVE The Blueprint Adaptive Growth Allocation Fund (the “Fund”) seeks capital appreciation while managing risk. FEES AND EXPENSES This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. 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. Shareholder Fees (fees paid directly from your investment) <div id="xdx_A8E_eoef--ShareholderFeesTableTextBlock_zgTbgQ9uppG7"></div> <table cellpadding="0" cellspacing="0" id="xdx_A58_dU_zM24D3utKYlg" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 80%; border-collapse: collapse" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 65%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt"> </td> <td id="xdx_498_20260626__20260626__dei--LegalEntityAxis__custom--S000068289Member__oef--ClassAxis__custom--C000218613Member_zwLwrdHF70Zj" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; vertical-align: top; width: 15%">Institutional Class</td></tr> <tr id="xdx_409_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_zyvrRpxEjQy1" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; color: #231F20">None</td></tr> <tr id="xdx_405_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_zTZyPAy1FnUi" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Maximum Deferred Sales Charge (Load)</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; color: #231F20">None</td></tr> <tr id="xdx_406_eoef--MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther_dpn_zZ5zBXOX7Od9" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Maximum Sales Charge (Load) Imposed on Reinvested Dividends</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; color: #231F20">None</td></tr> <tr id="xdx_40B_eoef--RedemptionFeeOverRedemption_dn_ziPi8bX2lVak" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Redemption Fee</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; color: #231F20">None</td></tr> </table> 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A86_eoef--AnnualFundOperatingExpensesTableTextBlock_zJXPtQGwtS7g"></div> <table cellpadding="0" cellspacing="0" id="xdx_A56_dU_z5d51Uj0LOd5" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 80%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 65%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20"> </td> <td id="xdx_49F_20260626__20260626__dei--LegalEntityAxis__custom--S000068289Member__oef--ClassAxis__custom--C000218613Member_zER9ItbBSqq5" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; vertical-align: top; width: 15%">Institutional Class</td></tr> <tr id="xdx_40E_eoef--ManagementFeesOverAssets_dpn_zYzu9IfzPpD2" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Management Fees</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; color: #231F20">0.95%</td></tr> <tr id="xdx_40A_eoef--OtherExpensesOverAssets_dpn_zfQtDIvQ47w6" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Other Expenses</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; color: #231F20">0.24%</td></tr> <tr id="xdx_40C_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_zrT6WUPUwjYb" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Acquired Fund Fees and Expenses</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; text-align: center; color: #231F20">0.10%</td></tr> <tr id="xdx_40F_eoef--ExpensesOverAssets_dpn_z2kYVzTlzSl7" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Total Annual Fund Operating Expenses(1)</td> <td style="border-top: Black 1pt solid; padding: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; color: #231F20">1.29%</td></tr> <tr id="xdx_405_eoef--FeeWaiverOrReimbursementOverAssets_dpn_zfDVkVv4FPri" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 21pt; text-align: left; text-indent: -1.15pt; color: #231F20">Fee Recoupment Reimbursed(2)</td> <td style="border-bottom: Black 1pt solid; padding: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; color: #231F20">0.04%</td></tr> <tr id="xdx_40F_eoef--NetExpensesOverAssets_dpn_ztl2g5cmLJGd" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; color: #231F20">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Recoupment(1)(3)</td> <td style="border-bottom: Black 1pt solid; padding: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; color: #231F20">1.33%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(1)</td><td style="text-align: justify">“Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements” will not correlate to the ratios of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include “Acquired Fund Fees and Expenses”.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(2)</td><td style="text-align: justify">During the fiscal year ended February 28, 2026, the Adviser recouped $79,153 of prior years’ management fee reductions and expense reimbursements.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(3)</td><td style="text-align: justify">Blueprint Fund Management, LLC (the “Adviser”) has contractually agreed, until June 30, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, Acquired Fund Fees and Expenses, costs to organize the Fund, extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of the Fund’s business) to 1.25% of the Fund’s average daily net assets of its Institutional Class shares. Management Fee reductions and expense reimbursements by the Adviser and Sub-Adviser are subject to repayment by the Fund for a period of three years after the date that such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses (exclusive of such reductions and reimbursements) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to June 30, 2027, this agreement may not be modified or terminated without the approval of the Board of Trustees (the “Board”). This agreement will terminate automatically if the Fund’s investment advisory agreement (the “Advisory Agreement”) with the Adviser is terminated.</td> </tr></table> 0.0095 0.0024 0.0010 0.0129 0.0004 0.0133 “Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements” will not correlate to the ratios of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include “Acquired Fund Fees and Expenses” June 30, 2027 Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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 operating expenses of the Fund remain the same and the contractual agreement to limit expenses remains in effect only until June 30, 2027. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A8A_eoef--ExpenseExampleWithRedemptionTableTextBlock_zMSjvBueAova"></div> <table cellpadding="0" cellspacing="0" id="xdx_A50_dU_zbzvF3OYRLPd" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-left: auto; width: 60%; border-collapse: collapse; margin-right: auto" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 15%; text-align: left">Class</td> <td id="xdx_481_eoef--ExpenseExampleYear01_zSBsSgpO13K8" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; text-align: center">1 Year</td> <td id="xdx_484_eoef--ExpenseExampleYear03_z7VNUFVhCsGc" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; text-align: center">3 Years</td> <td id="xdx_48F_eoef--ExpenseExampleYear05_z4IQkA1Y2KPk" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; text-align: center">5 Years</td> <td id="xdx_48D_eoef--ExpenseExampleYear10_zj4QNAOYCgwb" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; text-align: center">10 Years</td></tr> <tr id="xdx_41C_20260626__20260626__dei--LegalEntityAxis__custom--S000068289Member_zHt3N1h2uiLl" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 5.5pt; text-indent: -5.5pt; text-align: justify">Institutional Class</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">$135</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">$413</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">$711</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">$1,560</td></tr> </table> 135 413 711 1560 Portfolio Turnover 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 Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 196% of the average value of its portfolio. 1.96 PRINCIPAL INVESTMENT STRATEGIES The Fund uses a dynamic asset allocation strategy in an effort to generate returns while also seeking to preserve capital during prolonged market downtrends by allocating across a portfolio of broadly diversified global asset classes. Generally during favorable market environments, the Fund will have a higher equity allocation, while during unfavorable market conditions the Fund will lower equity allocations and have higher fixed income allocations. Under normal market conditions, the Fund will seek growth through capital appreciation by investing in individual securities and shares of other investment companies, including exchange-traded funds (“ETFs”), open-end mutual funds, and closed-end funds (collectively “Portfolio Funds”). The Fund will also utilize futures contracts as a volatility hedge and to gain exposure to certain asset classes as noted below. The Fund will invest in the following asset classes, and will typically hold either a collection of individual securities, a single Portfolio Fund, futures contracts or a blend of the three in order to represent each asset class: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">U.S. Equity</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Foreign Developed Equity</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Emerging Market Equity</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Real Estate</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">US Bonds</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Global Bonds</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Inflation-Protected Bonds (“TIPS”)</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 9.35pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Commodities</td></tr></table> Investments within these asset classes are selected based on the quantitative algorithms and proprietary calculations of price trends developed by Blueprint Investments Partners, LLC (the “Sub-Adviser”). Each asset class within the portfolio will then be weighted, and the Sub-Adviser will shift such weightings based on proprietary calculations of price trends, which are the direction and momentum of the prices of securities in those asset classes. The Sub-Adviser will review these price trends over four timeframes – 10, 50, 100, and 200 days – in order to complete its calculations to adjust the weightings of each asset class. Under normal market conditions, each asset class will be represented in the portfolio at all times. The type of commodities the Fund intends to invest in are precious metals, energy, food and fiber. The Fund defines emerging market securities as those that provide exposure to companies that are domiciled in any country included in the Morningstar Emerging Market Index. “TIPS” are treasury bonds that are indexed to inflation such that the principal value of such TIPS is recalculated as the consumer price index rises. The Fund will invest in futures contracts, foreign currency future contracts, call or put options on equity index futures contracts, forwards, exchange-traded notes (“ETNs”) and managed futures investments. The Adviser selects these investments on the basis of liquidity, volatility, and when the Adviser believes such investments will provide a more efficient representation of an asset class in which the Fund seeks exposure. “Managed Futures” are investments in which a portfolio of futures contracts are actively managed by professionals. The Fund may hold equity securities, either directly or indirectly, of all capitalizations, and may indirectly hold fixed-income securities of all credit qualities. The Fund will generally seek to maintain an allocation within the Fund’s portfolio of approximately 80% to equity securities and approximately 20% to fixed-income securities, but may shift this allocation depending on market conditions. When appropriate, the Fund may allocate a portion of its equity allocation to commodities. In poor market conditions, such as when the Sub-Adviser perceives a bear market or high volatility, the Fund may begin to shift to a higher percentage of fixed-income securities, and in some conditions the allocation may completely invert to approximately 20% equity securities and approximately 80% in fixed-income securities. The Fund’s derivative investments will be used in an effort to generate further return and/or for hedging purposes. As with any mutual fund investment, there is a risk that you could lose money by investing in the Fund. The success of the Fund’s investment strategy depends largely upon the Sub-Adviser’s skill in selecting securities for purchase and sale by the Fund and there is no assurance that the Fund will achieve its investment objective. Because of the types of securities in which the Fund invests and the investment techniques the Sub-Adviser uses, the Fund is designed for investors who are investing for the long term. The Fund is not intended to be complete investment program. The principal risks of an investment in the Fund are generally described below. Active Management Risk. Due to the active management of the Fund by the Sub-Adviser, the Fund could underperform its benchmark index and/or other funds with similar investment objectives and strategies. Commodities Risk. The energy, metals, and agriculture industries can be significantly affected by commodity prices and consumption, world events, import and export controls, worldwide competition, government regulations, and economic conditions. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Counterparty Risk. The Fund may enter into various types of derivative contracts. Many of these derivative contracts will be privately negotiated in the over-the-counter market. These contracts also involve exposure to credit risk, since contract performance depends in part on the financial condition of the counterparty. If a privately negotiated over-the-counter contract calls for payments by the Fund, the Fund must be prepared to make such payments when due. In addition, if a counterparty’s creditworthiness declines, the Fund may not receive payments owed to it under the contract, or such payments may be delayed under such circumstances and the value of contracts with such counterparty can be expected to decline, potentially resulting in losses to the Fund. Credit Risk. Credit risk is the risk that the issuer or guarantor of a debt security (including corporate, government and mortgage-backed securities), or the counter-party to a derivative contract held by the Fund or a Portfolio Fund, will default or otherwise become unable or unwilling, or is perceived to be unable or unwilling, to honor its financial obligations, including as a result of bankruptcy. To the extent the Fund or a Portfolio Fund invests in lower rated debt securities, the Fund will be subject to a higher level of credit risk than a fund that invests only in the highest rated fixed income securities. Currency Risk. Currency risk is the risk that changes in currency exchange rates will negatively affect securities denominated in, and/or receiving revenues in, foreign currencies. The liquidity and trading value of foreign currencies could be affected by global economic factors, such as inflation, interest rate levels, and trade balances among countries, as well as the actions of sovereign governments and central banks. Adverse changes in currency exchange rates(relative to the U.S. dollar) may erode or reverse any potential gains from the Fund’s investments in securities denominated in a foreign currency or may widen existing losses. Derivatives Risk. The Fund may invest in, or enter into, derivatives for a variety of reasons, including to hedge certain market or interest rate risks, to provide a substitute for purchasing or selling particular securities, or for speculative purposes to increase potential returns. Derivatives may be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of the underlying instruments may produce disproportionate losses to the Fund. In addition, the Fund is subject to the credit risk associated with the underlying assets of a derivatives contract as well as the risk of counterparty default. As a result, the Fund’s use of derivatives could result in losses, which could be significant. Debt Securities Risk. The Fund may invest indirectly in corporate debt securities of issuers from any jurisdiction, sovereign debt obligations and U.S. Government obligations. The market value of such securities may fluctuate in response to interest rates and the creditworthiness of the issuer, among other things. U.S. Government Securities Risk. Treasury obligations may differ in their interest rates, maturities, times of issuance and other characteristics. Obligations of U.S. Government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. Government. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so. <p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--TreasuryInflationProtectedSecuritiesUSTIPSAndInflationLinkedBondsRiskMember_zUxKnMtZ3Ene" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Treasury Inflation-Protected Securities (“U.S. TIPS”) and Inflation-Linked Bonds Risk. The value of inflation-protected securities generally fluctuates in response to changes in real interest rates, which are in turn tied to the relationship between nominal interest rates and the rate of inflation. The inflation protected securities markets are generally much smaller and less liquid than the nominal bonds from the same issuers and as such can suffer losses during times of economic stress or illiquidity. <p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForeignGovernmentDebtObligationsRiskMember_zEPkGIuv0Lc2" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Foreign Government Debt Obligations Risk. Investments in sovereign debt obligations involve special risks which are not present in corporate debt obligations, including the risks that governmental issuers of fixed-income securities may be unwilling to pay interest and repay principal when due or may require that conditions for payment be renegotiated, in which case the Fund may have limited recourse in the event of a default. <p id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighYieldDebtSecuritiesJunkBondRiskMember_ztU22pCMKRr2" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">High-Yield Debt Securities (“Junk Bond”) Risk. Junk bonds are generally considered speculative in nature, and have a greater risk of non-payment of interest and principal and greater market fluctuations than investment-grade debt securities. Junk bonds have a higher risk of default and may be illiquid. These risks can reduce the value of the Fund’s shares and the income it earns. Liquidity Risk. Liquidity risk is the risk that a particular investment cannot be sold at the advantageous time or price. Equity Securities Risk. The prices of equity securities in which the Fund invests either directly or indirectly through ETFs and other investment companies may fluctuate in response to many factors, including, but not limited to, the activities of the individual issuers, general market and economic conditions, interest rates, and specific industry changes. Such price fluctuations subject the Fund to potential losses. Large-Cap Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns from large-capitalization companies generally trail returns of smaller companies or the overall stock market. Small-Cap and Mid-Cap Company Risk. Investing in small- and mid-capitalization companies involves greater risk than is customarily associated with larger, more established companies. Small- and mid-cap companies frequently have less management depth and experience, narrower market penetrations, less diverse product lines, less competitive strengths and fewer resources. Due to these and other factors, stocks of small- and mid-cap companies may be more susceptible to market downturns and other events, less liquid, and their prices may be more volatile. ETN Risk. The Fund may invest in ETNs, which are notes representing unsecured debt of the issuer whose returns are linked to a particular index. The Fund will bear any fees and expenses associated with investments in ETNs, which will reduce the amount of return on investment at maturity or redemption. There may be restrictions on the Fund’s right to redeem its investment in an ETN meant to be held to maturity. There are no periodic interest payments for ETNs and principal is not protected. It may be difficult for the Fund to sell its ETN holdings. Investments in ETNs may also subject the Fund to other risks, including credit and counterparty risk, and interest rate risk. Foreign Securities Risk. The Fund may either directly or indirectly through ETFs and other investment companies invest in foreign securities on foreign exchanges and in American Depository Receipts (“ADRs”). Investments in foreign securities involve risks that may be different from those of U.S. securities. Foreign securities are subject to individual country risk, less favorable reporting and disclosure risk, currency exchange risk, greater volatility, and may have higher liquidity risk than U.S.-registered securities. ADR Risk. ADRs are subject to risks similar to those associated with direct investments in foreign securities such as individual country, currency exchange, volatility, and liquidity risks. Foreign Currency Risk. The Fund may invest in foreign securities and therefore be indirectly exposed to foreign currencies. The value of the Fund’s assets as measured in U.S. dollars may be affected favorably or unfavorably by changes in currency exchange rates and exchange control regulations. The Fund’s exposure to foreign currencies subjects the Fund to constantly changing exchange rates and the risk that those currencies will decline in value relative to the U.S. dollar. As a result, the Fund’s exposure to foreign currencies may reduce the returns of the Fund. Emerging Markets Risk. The Fund may invest indirectly in emerging market equity and fixed-income securities. In addition to the general risk of investing in foreign securities and foreign fixed-income securities, investing in emerging markets can involve greater and more unique risks than those associated with investing in more developed markets. As a result of these various risks, investments in emerging markets are considered to be speculative and may be highly volatile. <p id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForwardAndFuturesContractRiskMember_zK4TEgMdnaN5" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white">Forward and Futures Contract Risk. The successful use of forward and futures contracts draws upon the Sub-Adviser’s skill and experience with respect to such instruments and is subject to special risk considerations. The primary risks associated with the use of forward and futures contracts, which may adversely affect the Fund’s net asset value (“NAV”) and total return, are (a) the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the forward or futures contract; (b) possible lack of a liquid secondary market for a forward or futures contract and the resulting inability to close a forward or futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the Sub-Adviser’s inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; (e) the possibility that the counterparty will default in the performance of its obligations; and (f) if the Fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements, and the Fund may have to sell securities at a time when it maybe disadvantageous to do so. Fund of Funds Structure Risk. Investments in ETFs and other investment companies (e.g., open end and closed end funds) subject the Fund to paying its proportionate share of fees and expenses from those investments. In addition, under the Investment Company Act of 1940, as amended (the “1940 Act”), the Fund is subject to restrictions that may limit the amount of any particular ETF or other registered investment company that the Fund may own. ETF Risk. Investments in ETFs are subject to the following risks: Market Value Risk. The market value of an ETF’s shares may differ from its NAV. Accordingly, there may be times when an ETF trades at a premium (creating the risk that the Fund pays more than NAV for an ETF when making a purchase) or discount (creating the risks that the Fund’s NAV is reduced for undervalued ETFs it holds, and that the Fund receives less than NAV when selling an ETF). Tracking Risk. Index-based Portfolio Funds may not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities or because certain securities comprising these indices may, from time to time, temporarily be unavailable. Sampling Risk. Index-based Portfolio Funds may utilize a representative sampling approach to track their respective underlying indices. Index-based Portfolio Funds that utilize a representative sampling approach are subject to an increased risk of tracking error because the securities selected for the Portfolio Fund in the aggregate may vary from the investment profile of the underlying index. Fixed-Income ETFs Risk. There are risks associated with the potential investment of the Fund’s assets in fixed-income ETFs, which may include credit risk, interest rate risk and maturity risk as described below: Interest Rate Risk. The price of a bond or a fixed-income security is dependent, in part, upon interest rates. Therefore, the share price and total return of an ETF, when investing a significant portion of its assets in fixed-income securities, will vary in response to changes in interest rates. Investment Limitation Risk. Under the 1940 Act, the Fund may not acquire shares of an ETF or other investment company if, immediately after such acquisition, the Fund and its affiliated persons would hold more than 3% of the ETF’s or investment company’s total outstanding shares unless certain conditions are satisfied. This limitation may prevent the Fund from allocating its investments in the manner the Sub-Adviser considers optimal or cause the Sub-Adviser to select an investment other than that which the Sub-Adviser considers optimal. The Fund, however, may rely upon any applicable statutory or regulatory exemption from the foregoing limitations when investing in other investment companies. Investment Style and Management Risk. The Sub-Adviser’s method of security selection may not be successful and the Fund may underperform relative to other mutual funds that employ similar investment strategies. The Fund’s asset allocation style may not be implemented successfully, negatively affecting the Fund’s performance. In addition, the Sub-Adviser may select investments that depreciate or fail to appreciate as anticipated. Leverage Risk. Some transactions may give rise to a form of economic leverage. These transactions may include, among others, forward and futures contracts and other types of derivatives, and may expose the Fund to greater risk and increase its costs. The use of leverage may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet any required asset segregation requirements. Increases and decreases in the value of the Fund’s portfolio will be magnified when the Fund uses leverage. Managed Futures Risk. Investing in Portfolio Funds that employ a managed futures investment strategy exposes the Fund to management risk, derivatives risk and leverage risk, as well as commodity, interest rate, equity and foreign currency risks depending on the particular strategy used by a Portfolio Fund’s manager. Market Risk. Market risk is the risk that the value of the securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets that are generally beyond the Sub-Adviser’s control, including fluctuation in interest rates, the quality of the Fund’s investments, economic conditions and general bond market conditions. Certain market events could increase volatility and exacerbate market risk, such as changes in governments’ economic policies, political turmoil, military actions, environmental events, trade disputes, and epidemics, pandemics, or other public health issues. Maturity Risk. Maturity risk is another factor that can affect the value of an ETF’s fixed-income holdings. Certain ETFs may not have a limitation policy regarding the length of maturity for their fixed-income holdings. In general, fixed-income obligations with longer maturities have higher yields and a greater sensitivity to changes in interest rates. Conversely, fixed-income obligations with shorter maturities generally have lower yields but less sensitivity to changes in interest rates. Options Risk. Options trading is a highly specialized activity that involves unique investment techniques and risks. The value of options can be highly volatile, and their use can result in loss if the Sub-Adviser is incorrect in its expectation of price fluctuations. Such options may also be illiquid, and in such cases, the Fund may have difficulty closing out its position. Real Estate Investment Trust (“REIT”) Risk. The Fund may invest, directly or indirectly, in REITs, which are companies that invest in real estate, mortgages and construction loans. Investments in REITS subject the Fund to, among other things, risks similar to those of direct investments in real estate and the real estate industry in general. These include risks related to general and local economic conditions, possible lack of availability of financing and changes in interest rates or property values. Sector Risk. The Fund may, at times, be more heavily invested in certain industries or sectors, which may cause the value of the Fund’s shares to be especially sensitive to factors and economic conditions or risks that specifically affect those industries or sectors and may cause the Fund’s share price to fluctuate more widely than shares of a mutual fund that invests in a broader range of industries or sectors. As of February 28, 2026, 15.7% of the net assets of the Fund were invested in stocks within the technology sector. The values of securities of companies in the technology sector may be significantly affected adversely by competitive pressures, short product cycles, aggressive pricing and rapid obsolescence of existing products and technologies. Volatility Risk. The Fund’s derivative investments that are linked to equity market volatility levels can be highly volatile and may experience large losses. Trading in equity index futures contracts or options thereon, particularly contracts that are close to expiration, can be very volatile and can be expected to be very volatile in the future. The volatile nature of these instruments may have an adverse impact on the Fund beyond the impact of any changes in the underlying index’s value. Active Management Risk. Due to the active management of the Fund by the Sub-Adviser, the Fund could underperform its benchmark index and/or other funds with similar investment objectives and strategies.<div id="xdx_C0F_gRBRTB-RVLYZDB_zStKiiqGNEY8"> </div> Commodities Risk. The energy, metals, and agriculture industries can be significantly affected by commodity prices and consumption, world events, import and export controls, worldwide competition, government regulations, and economic conditions. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities. Counterparty Risk. The Fund may enter into various types of derivative contracts. Many of these derivative contracts will be privately negotiated in the over-the-counter market. These contracts also involve exposure to credit risk, since contract performance depends in part on the financial condition of the counterparty. If a privately negotiated over-the-counter contract calls for payments by the Fund, the Fund must be prepared to make such payments when due. In addition, if a counterparty’s creditworthiness declines, the Fund may not receive payments owed to it under the contract, or such payments may be delayed under such circumstances and the value of contracts with such counterparty can be expected to decline, potentially resulting in losses to the Fund.<div id="xdx_C0C_gRBRTB-RVLYZDB_zogjDPsAl6Il"> </div> Credit Risk. Credit risk is the risk that the issuer or guarantor of a debt security (including corporate, government and mortgage-backed securities), or the counter-party to a derivative contract held by the Fund or a Portfolio Fund, will default or otherwise become unable or unwilling, or is perceived to be unable or unwilling, to honor its financial obligations, including as a result of bankruptcy. To the extent the Fund or a Portfolio Fund invests in lower rated debt securities, the Fund will be subject to a higher level of credit risk than a fund that invests only in the highest rated fixed income securities.<div id="xdx_C03_gRBRTB-RVLYZDB_z6oeYbpMwZ81"> </div> Currency Risk. Currency risk is the risk that changes in currency exchange rates will negatively affect securities denominated in, and/or receiving revenues in, foreign currencies. The liquidity and trading value of foreign currencies could be affected by global economic factors, such as inflation, interest rate levels, and trade balances among countries, as well as the actions of sovereign governments and central banks. Adverse changes in currency exchange rates(relative to the U.S. dollar) may erode or reverse any potential gains from the Fund’s investments in securities denominated in a foreign currency or may widen existing losses.<div id="xdx_C0C_gRBRTB-RVLYZDB_zJHxJMyU9STc"> </div> Derivatives Risk. The Fund may invest in, or enter into, derivatives for a variety of reasons, including to hedge certain market or interest rate risks, to provide a substitute for purchasing or selling particular securities, or for speculative purposes to increase potential returns. Derivatives may be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of the underlying instruments may produce disproportionate losses to the Fund. In addition, the Fund is subject to the credit risk associated with the underlying assets of a derivatives contract as well as the risk of counterparty default. As a result, the Fund’s use of derivatives could result in losses, which could be significant.<div id="xdx_C0E_gRBRTB-RVLYZDB_z1Q9b7xPOFhj"> </div> Debt Securities Risk. The Fund may invest indirectly in corporate debt securities of issuers from any jurisdiction, sovereign debt obligations and U.S. Government obligations. The market value of such securities may fluctuate in response to interest rates and the creditworthiness of the issuer, among other things.<div id="xdx_C06_gRBRTB-RVLYZDB_z9XbHUAPEi3j"> </div> <div id="xdx_C03_gRBRTB-RVLYZDB_zQJvVNExXxG">U.S. Government Securities Risk. Treasury obligations may differ in their interest rates, maturities, times of issuance and other characteristics. Obligations of U.S. Government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. Government. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.</div><div id="xdx_C00_gRBRTB-RVLYZDB_z7LqZW38diSg"> </div><div id="xdx_C0A_gRBRTB-RVLYZDB_z9KrapKx0dp5"><p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--TreasuryInflationProtectedSecuritiesUSTIPSAndInflationLinkedBondsRiskMember_zUxKnMtZ3Ene" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Treasury Inflation-Protected Securities (“U.S. TIPS”) and Inflation-Linked Bonds Risk. The value of inflation-protected securities generally fluctuates in response to changes in real interest rates, which are in turn tied to the relationship between nominal interest rates and the rate of inflation. The inflation protected securities markets are generally much smaller and less liquid than the nominal bonds from the same issuers and as such can suffer losses during times of economic stress or illiquidity.</div><div id="xdx_C07_gRBRTB-RVLYZDB_zzb7ER5Cgtic"> </div><div id="xdx_C0C_gRBRTB-RVLYZDB_zJzhXv5oje1k"><p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForeignGovernmentDebtObligationsRiskMember_zEPkGIuv0Lc2" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Foreign Government Debt Obligations Risk. Investments in sovereign debt obligations involve special risks which are not present in corporate debt obligations, including the risks that governmental issuers of fixed-income securities may be unwilling to pay interest and repay principal when due or may require that conditions for payment be renegotiated, in which case the Fund may have limited recourse in the event of a default.</div><div id="xdx_C0C_gRBRTB-RVLYZDB_zkel0wOEcnU3"> </div><div id="xdx_C06_gRBRTB-RVLYZDB_zlYHdMTBO6Il"><p id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighYieldDebtSecuritiesJunkBondRiskMember_ztU22pCMKRr2" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">High-Yield Debt Securities (“Junk Bond”) Risk. Junk bonds are generally considered speculative in nature, and have a greater risk of non-payment of interest and principal and greater market fluctuations than investment-grade debt securities. Junk bonds have a higher risk of default and may be illiquid. These risks can reduce the value of the Fund’s shares and the income it earns.</div><div id="xdx_C0B_gRBRTB-RVLYZDB_zLRYHbkQx6ai"> </div><div id="xdx_C0C_gRBRTB-RVLYZDB_zRQpsdv3xtc8">Liquidity Risk. Liquidity risk is the risk that a particular investment cannot be sold at the advantageous time or price.</div> U.S. Government Securities Risk. Treasury obligations may differ in their interest rates, maturities, times of issuance and other characteristics. Obligations of U.S. Government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. Government. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so.<div id="xdx_C00_gRBRTB-GXJ_z1CjFBiV14f1"><div id="xdx_C00_gRBRTB-RVLYZDB_z7LqZW38diSg"> </div></div> <p id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--TreasuryInflationProtectedSecuritiesUSTIPSAndInflationLinkedBondsRiskMember_zUxKnMtZ3Ene" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Treasury Inflation-Protected Securities (“U.S. TIPS”) and Inflation-Linked Bonds Risk. The value of inflation-protected securities generally fluctuates in response to changes in real interest rates, which are in turn tied to the relationship between nominal interest rates and the rate of inflation. The inflation protected securities markets are generally much smaller and less liquid than the nominal bonds from the same issuers and as such can suffer losses during times of economic stress or illiquidity.<div id="xdx_C06_gRBRTB-GXJ_zZMtNnhGrCFj"><div id="xdx_C07_gRBRTB-RVLYZDB_zzb7ER5Cgtic"> </div></div> <p id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForeignGovernmentDebtObligationsRiskMember_zEPkGIuv0Lc2" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Foreign Government Debt Obligations Risk. Investments in sovereign debt obligations involve special risks which are not present in corporate debt obligations, including the risks that governmental issuers of fixed-income securities may be unwilling to pay interest and repay principal when due or may require that conditions for payment be renegotiated, in which case the Fund may have limited recourse in the event of a default.<div id="xdx_C0E_gRBRTB-GXJ_zHM8kU22Y1W3"><div id="xdx_C0C_gRBRTB-RVLYZDB_zkel0wOEcnU3"> </div></div> <p id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--HighYieldDebtSecuritiesJunkBondRiskMember_ztU22pCMKRr2" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">High-Yield Debt Securities (“Junk Bond”) Risk. Junk bonds are generally considered speculative in nature, and have a greater risk of non-payment of interest and principal and greater market fluctuations than investment-grade debt securities. Junk bonds have a higher risk of default and may be illiquid. These risks can reduce the value of the Fund’s shares and the income it earns.<div id="xdx_C07_gRBRTB-GXJ_zxEZzTTgJYg7"><div id="xdx_C0B_gRBRTB-RVLYZDB_zLRYHbkQx6ai"> </div></div> Liquidity Risk. Liquidity risk is the risk that a particular investment cannot be sold at the advantageous time or price.<div id="xdx_C00_gRBRTB-RVLYZDB_zVaqdH40wvbl"> </div> Equity Securities Risk. The prices of equity securities in which the Fund invests either directly or indirectly through ETFs and other investment companies may fluctuate in response to many factors, including, but not limited to, the activities of the individual issuers, general market and economic conditions, interest rates, and specific industry changes. Such price fluctuations subject the Fund to potential losses.<div id="xdx_C04_gRBRTB-RVLYZDB_zOxvIgk1MoK8"> </div> <div id="xdx_C0A_gRBRTB-RVLYZDB_zBx7WvX0j29d">Large-Cap Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns from large-capitalization companies generally trail returns of smaller companies or the overall stock market.</div><div id="xdx_C0A_gRBRTB-RVLYZDB_zsikrHjSZ2m6"> </div><div id="xdx_C0B_gRBRTB-RVLYZDB_zO9iO9bvcOl3">Small-Cap and Mid-Cap Company Risk. Investing in small- and mid-capitalization companies involves greater risk than is customarily associated with larger, more established companies. Small- and mid-cap companies frequently have less management depth and experience, narrower market penetrations, less diverse product lines, less competitive strengths and fewer resources. Due to these and other factors, stocks of small- and mid-cap companies may be more susceptible to market downturns and other events, less liquid, and their prices may be more volatile.</div> Large-Cap Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns from large-capitalization companies generally trail returns of smaller companies or the overall stock market.<div id="xdx_C04_gRBRTB-UUM_zefBkbWV8hu6"><div id="xdx_C0A_gRBRTB-RVLYZDB_zsikrHjSZ2m6"> </div></div> Small-Cap and Mid-Cap Company Risk. Investing in small- and mid-capitalization companies involves greater risk than is customarily associated with larger, more established companies. Small- and mid-cap companies frequently have less management depth and experience, narrower market penetrations, less diverse product lines, less competitive strengths and fewer resources. Due to these and other factors, stocks of small- and mid-cap companies may be more susceptible to market downturns and other events, less liquid, and their prices may be more volatile. ETN Risk. The Fund may invest in ETNs, which are notes representing unsecured debt of the issuer whose returns are linked to a particular index. The Fund will bear any fees and expenses associated with investments in ETNs, which will reduce the amount of return on investment at maturity or redemption. There may be restrictions on the Fund’s right to redeem its investment in an ETN meant to be held to maturity. There are no periodic interest payments for ETNs and principal is not protected. It may be difficult for the Fund to sell its ETN holdings. Investments in ETNs may also subject the Fund to other risks, including credit and counterparty risk, and interest rate risk.<div id="xdx_C0C_gRBRTB-RVLYZDB_zT01ymGLMbOh"> </div> Foreign Securities Risk. The Fund may either directly or indirectly through ETFs and other investment companies invest in foreign securities on foreign exchanges and in American Depository Receipts (“ADRs”). Investments in foreign securities involve risks that may be different from those of U.S. securities. Foreign securities are subject to individual country risk, less favorable reporting and disclosure risk, currency exchange risk, greater volatility, and may have higher liquidity risk than U.S.-registered securities.<div id="xdx_C06_gRBRTB-RVLYZDB_zV6qyqsPMkF"> </div> <div id="xdx_C0D_gRBRTB-RVLYZDB_z3Qw5T8iE5Ga">ADR Risk. ADRs are subject to risks similar to those associated with direct investments in foreign securities such as individual country, currency exchange, volatility, and liquidity risks.</div><div id="xdx_C09_gRBRTB-RVLYZDB_zt6K2OhBmRFj"> </div><div id="xdx_C0E_gRBRTB-RVLYZDB_ziAq2ykC3WMe">Foreign Currency Risk. The Fund may invest in foreign securities and therefore be indirectly exposed to foreign currencies. The value of the Fund’s assets as measured in U.S. dollars may be affected favorably or unfavorably by changes in currency exchange rates and exchange control regulations. The Fund’s exposure to foreign currencies subjects the Fund to constantly changing exchange rates and the risk that those currencies will decline in value relative to the U.S. dollar. As a result, the Fund’s exposure to foreign currencies may reduce the returns of the Fund.</div><div id="xdx_C0B_gRBRTB-RVLYZDB_zubjGiceBw12"> </div><div id="xdx_C0E_gRBRTB-RVLYZDB_z2sS3ylSpMYh">Emerging Markets Risk. The Fund may invest indirectly in emerging market equity and fixed-income securities. In addition to the general risk of investing in foreign securities and foreign fixed-income securities, investing in emerging markets can involve greater and more unique risks than those associated with investing in more developed markets. As a result of these various risks, investments in emerging markets are considered to be speculative and may be highly volatile.</div> ADR Risk. ADRs are subject to risks similar to those associated with direct investments in foreign securities such as individual country, currency exchange, volatility, and liquidity risks.<div id="xdx_C00_gRBRTB-HRR_zZRMVzh5fQvl"><div id="xdx_C09_gRBRTB-RVLYZDB_zt6K2OhBmRFj"> </div></div> Foreign Currency Risk. The Fund may invest in foreign securities and therefore be indirectly exposed to foreign currencies. The value of the Fund’s assets as measured in U.S. dollars may be affected favorably or unfavorably by changes in currency exchange rates and exchange control regulations. The Fund’s exposure to foreign currencies subjects the Fund to constantly changing exchange rates and the risk that those currencies will decline in value relative to the U.S. dollar. As a result, the Fund’s exposure to foreign currencies may reduce the returns of the Fund.<div id="xdx_C05_gRBRTB-HRR_zmUo7J6zwZpf"><div id="xdx_C0B_gRBRTB-RVLYZDB_zubjGiceBw12"> </div></div> Emerging Markets Risk. The Fund may invest indirectly in emerging market equity and fixed-income securities. In addition to the general risk of investing in foreign securities and foreign fixed-income securities, investing in emerging markets can involve greater and more unique risks than those associated with investing in more developed markets. As a result of these various risks, investments in emerging markets are considered to be speculative and may be highly volatile.<div id="xdx_C08_gRBRTB-RVLYZDB_z0HK0p7gpuFd"> </div> <p id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForwardAndFuturesContractRiskMember_zK4TEgMdnaN5" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white">Forward and Futures Contract Risk. The successful use of forward and futures contracts draws upon the Sub-Adviser’s skill and experience with respect to such instruments and is subject to special risk considerations. The primary risks associated with the use of forward and futures contracts, which may adversely affect the Fund’s net asset value (“NAV”) and total return, are (a) the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the forward or futures contract; (b) possible lack of a liquid secondary market for a forward or futures contract and the resulting inability to close a forward or futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the Sub-Adviser’s inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; (e) the possibility that the counterparty will default in the performance of its obligations; and (f) if the Fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements, and the Fund may have to sell securities at a time when it maybe disadvantageous to do so.<div id="xdx_C08_gRBRTB-RVLYZDB_zs1E2h4OgN4l"> </div> Fund of Funds Structure Risk. Investments in ETFs and other investment companies (e.g., open end and closed end funds) subject the Fund to paying its proportionate share of fees and expenses from those investments. In addition, under the Investment Company Act of 1940, as amended (the “1940 Act”), the Fund is subject to restrictions that may limit the amount of any particular ETF or other registered investment company that the Fund may own.<div id="xdx_C00_gRBRTB-RVLYZDB_zUlSvHiNjWhc"> </div> <div id="xdx_C0B_gRBRTB-RVLYZDB_zTzBdgFr2ha6">ETF Risk. Investments in ETFs are subject to the following risks:</div><div id="xdx_C02_gRBRTB-RVLYZDB_zufJwd4AltGj"> </div><div id="xdx_C03_gRBRTB-RVLYZDB_z5UCUEikot7g">Market Value Risk. The market value of an ETF’s shares may differ from its NAV. Accordingly, there may be times when an ETF trades at a premium (creating the risk that the Fund pays more than NAV for an ETF when making a purchase) or discount (creating the risks that the Fund’s NAV is reduced for undervalued ETFs it holds, and that the Fund receives less than NAV when selling an ETF).</div><div id="xdx_C05_gRBRTB-RVLYZDB_zf4QP38u8Bbi"> </div><div id="xdx_C0B_gRBRTB-RVLYZDB_zdajOhptpHc6">Tracking Risk. Index-based Portfolio Funds may not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities or because certain securities comprising these indices may, from time to time, temporarily be unavailable.</div><div id="xdx_C0B_gRBRTB-RVLYZDB_zaSJKEoZeM2g"> </div><div id="xdx_C08_gRBRTB-RVLYZDB_zZAFxjCxIJLh">Sampling Risk. Index-based Portfolio Funds may utilize a representative sampling approach to track their respective underlying indices. Index-based Portfolio Funds that utilize a representative sampling approach are subject to an increased risk of tracking error because the securities selected for the Portfolio Fund in the aggregate may vary from the investment profile of the underlying index.</div><div id="xdx_C01_gRBRTB-RVLYZDB_zUztkPn0lRI9"> </div><div id="xdx_C0D_gRBRTB-RVLYZDB_zQEhqBzZOO5">Fixed-Income ETFs Risk. There are risks associated with the potential investment of the Fund’s assets in fixed-income ETFs, which may include credit risk, interest rate risk and maturity risk as described below:</div> ETF Risk. Investments in ETFs are subject to the following risks:<div id="xdx_C08_gRBRTB-VDYRB_zQW4FkLVjToa"><div id="xdx_C02_gRBRTB-RVLYZDB_zufJwd4AltGj"> </div></div> <div id="xdx_C0A_gRBRTB-VDYRB_zgYL5zhUyz25"><div id="xdx_C03_gRBRTB-RVLYZDB_z5UCUEikot7g">Market Value Risk. The market value of an ETF’s shares may differ from its NAV. Accordingly, there may be times when an ETF trades at a premium (creating the risk that the Fund pays more than NAV for an ETF when making a purchase) or discount (creating the risks that the Fund’s NAV is reduced for undervalued ETFs it holds, and that the Fund receives less than NAV when selling an ETF).</div></div><div id="xdx_C0E_gRBRTB-VDYRB_zS63CZJmNJej"><div id="xdx_C05_gRBRTB-RVLYZDB_zf4QP38u8Bbi"> </div></div><div id="xdx_C08_gRBRTB-VDYRB_zoxihj91Axlg"><div id="xdx_C0B_gRBRTB-RVLYZDB_zdajOhptpHc6">Tracking Risk. Index-based Portfolio Funds may not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities or because certain securities comprising these indices may, from time to time, temporarily be unavailable.</div></div><div id="xdx_C01_gRBRTB-VDYRB_zELJEmwkAi53"><div id="xdx_C0B_gRBRTB-RVLYZDB_zaSJKEoZeM2g"> </div></div><div id="xdx_C0B_gRBRTB-VDYRB_zpBORwgUEzv8"><div id="xdx_C08_gRBRTB-RVLYZDB_zZAFxjCxIJLh">Sampling Risk. Index-based Portfolio Funds may utilize a representative sampling approach to track their respective underlying indices. Index-based Portfolio Funds that utilize a representative sampling approach are subject to an increased risk of tracking error because the securities selected for the Portfolio Fund in the aggregate may vary from the investment profile of the underlying index.</div></div> Market Value Risk. The market value of an ETF’s shares may differ from its NAV. Accordingly, there may be times when an ETF trades at a premium (creating the risk that the Fund pays more than NAV for an ETF when making a purchase) or discount (creating the risks that the Fund’s NAV is reduced for undervalued ETFs it holds, and that the Fund receives less than NAV when selling an ETF).<div id="xdx_C02_gRBRTB-GWKI_zrxBpj5ej3Ql"><div id="xdx_C0E_gRBRTB-VDYRB_zS63CZJmNJej"><div id="xdx_C05_gRBRTB-RVLYZDB_zf4QP38u8Bbi"> </div></div></div> Tracking Risk. Index-based Portfolio Funds may not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities or because certain securities comprising these indices may, from time to time, temporarily be unavailable.<div id="xdx_C0A_gRBRTB-GWKI_zAV1QcdSskwj"><div id="xdx_C01_gRBRTB-VDYRB_zELJEmwkAi53"><div id="xdx_C0B_gRBRTB-RVLYZDB_zaSJKEoZeM2g"> </div></div></div> Sampling Risk. Index-based Portfolio Funds may utilize a representative sampling approach to track their respective underlying indices. Index-based Portfolio Funds that utilize a representative sampling approach are subject to an increased risk of tracking error because the securities selected for the Portfolio Fund in the aggregate may vary from the investment profile of the underlying index.<div id="xdx_C07_gRBRTB-VDYRB_z6vjEq7VqQJg"><div id="xdx_C01_gRBRTB-RVLYZDB_zUztkPn0lRI9"> </div></div> Fixed-Income ETFs Risk. There are risks associated with the potential investment of the Fund’s assets in fixed-income ETFs, which may include credit risk, interest rate risk and maturity risk as described below:<div id="xdx_C0E_gRBRTB-RVLYZDB_z8d5B4Dfiv8l"> </div> Interest Rate Risk. The price of a bond or a fixed-income security is dependent, in part, upon interest rates. Therefore, the share price and total return of an ETF, when investing a significant portion of its assets in fixed-income securities, will vary in response to changes in interest rates.<div id="xdx_C0A_gRBRTB-RVLYZDB_zRPrU9XAmM7f"> </div> Investment Limitation Risk. Under the 1940 Act, the Fund may not acquire shares of an ETF or other investment company if, immediately after such acquisition, the Fund and its affiliated persons would hold more than 3% of the ETF’s or investment company’s total outstanding shares unless certain conditions are satisfied. This limitation may prevent the Fund from allocating its investments in the manner the Sub-Adviser considers optimal or cause the Sub-Adviser to select an investment other than that which the Sub-Adviser considers optimal. The Fund, however, may rely upon any applicable statutory or regulatory exemption from the foregoing limitations when investing in other investment companies. Investment Style and Management Risk. The Sub-Adviser’s method of security selection may not be successful and the Fund may underperform relative to other mutual funds that employ similar investment strategies. The Fund’s asset allocation style may not be implemented successfully, negatively affecting the Fund’s performance. In addition, the Sub-Adviser may select investments that depreciate or fail to appreciate as anticipated.<div id="xdx_C05_gRBRTB-RVLYZDB_zypIxx1du0vb"> </div> Leverage Risk. Some transactions may give rise to a form of economic leverage. These transactions may include, among others, forward and futures contracts and other types of derivatives, and may expose the Fund to greater risk and increase its costs. The use of leverage may cause the Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet any required asset segregation requirements. Increases and decreases in the value of the Fund’s portfolio will be magnified when the Fund uses leverage.<div id="xdx_C0C_gRBRTB-RVLYZDB_znNmkZkKSCwi"> </div> Managed Futures Risk. Investing in Portfolio Funds that employ a managed futures investment strategy exposes the Fund to management risk, derivatives risk and leverage risk, as well as commodity, interest rate, equity and foreign currency risks depending on the particular strategy used by a Portfolio Fund’s manager.<div id="xdx_C0C_gRBRTB-RVLYZDB_zyV3CYUAeeR5"> </div> Market Risk. Market risk is the risk that the value of the securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets that are generally beyond the Sub-Adviser’s control, including fluctuation in interest rates, the quality of the Fund’s investments, economic conditions and general bond market conditions. Certain market events could increase volatility and exacerbate market risk, such as changes in governments’ economic policies, political turmoil, military actions, environmental events, trade disputes, and epidemics, pandemics, or other public health issues.<div id="xdx_C01_gRBRTB-RVLYZDB_zvezZkRMnKLg"> </div> Maturity Risk. Maturity risk is another factor that can affect the value of an ETF’s fixed-income holdings. Certain ETFs may not have a limitation policy regarding the length of maturity for their fixed-income holdings. In general, fixed-income obligations with longer maturities have higher yields and a greater sensitivity to changes in interest rates. Conversely, fixed-income obligations with shorter maturities generally have lower yields but less sensitivity to changes in interest rates.<div id="xdx_C0B_gRBRTB-RVLYZDB_zUJBxBfVeZV6"> </div> Options Risk. Options trading is a highly specialized activity that involves unique investment techniques and risks. The value of options can be highly volatile, and their use can result in loss if the Sub-Adviser is incorrect in its expectation of price fluctuations. Such options may also be illiquid, and in such cases, the Fund may have difficulty closing out its position.<div id="xdx_C0F_gRBRTB-RVLYZDB_zP1HVXcCzVf1"> </div> Real Estate Investment Trust (“REIT”) Risk. The Fund may invest, directly or indirectly, in REITs, which are companies that invest in real estate, mortgages and construction loans. Investments in REITS subject the Fund to, among other things, risks similar to those of direct investments in real estate and the real estate industry in general. These include risks related to general and local economic conditions, possible lack of availability of financing and changes in interest rates or property values.<div id="xdx_C0C_gRBRTB-RVLYZDB_zl0nZdcuaGFj"> </div> Sector Risk. The Fund may, at times, be more heavily invested in certain industries or sectors, which may cause the value of the Fund’s shares to be especially sensitive to factors and economic conditions or risks that specifically affect those industries or sectors and may cause the Fund’s share price to fluctuate more widely than shares of a mutual fund that invests in a broader range of industries or sectors. As of February 28, 2026, 15.7% of the net assets of the Fund were invested in stocks within the technology sector. The values of securities of companies in the technology sector may be significantly affected adversely by competitive pressures, short product cycles, aggressive pricing and rapid obsolescence of existing products and technologies.<div id="xdx_C01_gRBRTB-RVLYZDB_zlEJ52U7Mha1"> </div> Volatility Risk. The Fund’s derivative investments that are linked to equity market volatility levels can be highly volatile and may experience large losses. Trading in equity index futures contracts or options thereon, particularly contracts that are close to expiration, can be very volatile and can be expected to be very volatile in the future. The volatile nature of these instruments may have an adverse impact on the Fund beyond the impact of any changes in the underlying index’s value. PERFORMANCE SUMMARY The bar chart and table that follow provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for one year, five-year and since inception compare with those of a broad-based securities market index. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Performance information, current through the most recent month end, is available by calling 1-866-983-4525 or by visiting the Fund’s website at www.blueprintmutualfunds.com. The bar chart and table that follow provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for one year, five-year and since inception compare with those of a broad-based securities market index. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-866-983-4525 www.blueprintmutualfunds.com <div id="xdx_A88_eoef--BarChartTableTextBlock_zkvAYxIqfnDd"></div> <table cellpadding="0" cellspacing="0" id="xdx_A56_dU_zBLZPxjrVoOl" style="font: 10pt Arial, Helvetica, Sans-Serif; display: none; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: top; text-align: center"> <td style="text-align: center; width: 17%"> </td> <td id="xdx_494_20210101__20211231_zn2DesmFxVp3" style="text-align: center; width: 17%">2021</td> <td id="xdx_498_20220101__20221231_zaeWlyHdSit1" style="text-align: center; width: 17%">2022</td> <td id="xdx_499_20230101__20231231_z06MVdlbAO9d" style="text-align: center; width: 17%">2023</td> <td id="xdx_49F_20240101__20241231_zkhQymKi60zc" style="text-align: center; width: 16%">2024</td> <td id="xdx_49F_20250101__20251231_zgRtZykRAMHl" style="text-align: center; width: 16%">2025</td></tr> <tr id="xdx_409_eoef--AnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000068289Member__oef--ClassAxis__custom--C000218613Member_z5jnuEzQyTe4" style="vertical-align: top; text-align: center"> <td>*</td> <td>15.50%</td> <td>-18.28%</td> <td>12.11%</td> <td>19.29%</td> <td>13.04%</td></tr> </table> <img alt="(BAR GRAPH)" src="um002_v1.jpg"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt auto; width: 61%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td style="width: 17.3pt; text-align: left">*</td><td style="text-align: justify">The Fund’s year-to-date return through March 31, 2026 is (1.50)%.</td></tr></table> 0.1550 -0.1828 0.1211 0.1929 0.1304 The Fund’s year-to-date return 2026-03-31 -0.0150 Quarterly Returns During This Time Period Highest: 10.21% (quarter ended March 31, 2024) Lowest: (9.00)% (quarter ended June 30, 2022) Highest 0.1021 2024-03-31 Lowest -0.0900 2022-06-30 Average Annual Total Returns for periods ended December 31, 2025 <div id="xdx_A80_eoef--PerformanceTableTextBlock_zKQR5b8pS699"></div> <table cellpadding="0" cellspacing="0" id="xdx_A59_dU_zV7g49UX8Ex8" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font: 10pt Arial, Helvetica, Sans-Serif; width: 55%; text-align: left">Average Annual Total Returns (for periods ended December 31, 2025)</td> <td id="xdx_49F_20250101__20251231_z5r0HLFSOo9i" style="border-bottom: Black 1pt solid; white-space: nowrap; font: 10pt Arial, Helvetica, Sans-Serif; width: 15%; text-align: center">One Year</td> <td id="xdx_49D_20210101__20251231_zTxrMDncNcdj" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; white-space: nowrap; width: 15%; text-align: center">Five Years</td> <td id="xdx_499_20200331__20251231_zQEja39FVQyd" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; white-space: nowrap; width: 15%; text-align: center">Since Inception (March 31, 2020)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Institutional Class</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> </td></tr> <tr id="xdx_403_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000068289Member__oef--ClassAxis__custom--C000218613Member_zpubqUDZ0VHj" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 12.45pt; text-align: left">Return Before Taxes</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">13.04%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">7.37%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">9.78%</td></tr> <tr id="xdx_408_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000068289Member__oef--ClassAxis__custom--C000218613Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zNR2Qkvcb5n4" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 12.45pt; text-align: left">Return After Taxes on Distributions</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">11.81%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">7.03%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">9.46%</td></tr> <tr id="xdx_409_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000068289Member__oef--ClassAxis__custom--C000218613Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zneI5xOyd486" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 12.45pt; text-align: left">Return After Taxes on Distributions and Sales of Fund Shares</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">8.42%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">5.75%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">7.77%</td></tr> <tr id="xdx_404_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000068289Member__oef--PerformanceMeasureAxis__custom--SAndP500IndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zcsxtq1Lkhpl" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">S&P 500® Index (reflects no deduction for fees, expenses or taxes)</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">17.88%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">14.42%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center">20.25%</td></tr> </table> 2020-03-31 Return Before Taxes 0.1304 0.0737 0.0978 0.1181 0.0703 0.0946 0.0842 0.0575 0.0777 reflects no deduction for fees, expenses or taxes 0.1788 0.1442 0.2025 After-tax returns are calculated using the historical highest individual federal marginal income tax rates 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 shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (“IRA”). After-tax returns are calculated using the historical highest individual federal marginal income tax rates 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 shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (“IRA”). RISK/RETURN SUMMARY INVESTMENT OBJECTIVE The HVIA Equity Fund (the “Fund”) seeks growth at a reasonable price. FEES AND EXPENSES This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. Shareholder Fees (fees paid directly from your investment) <div id="xdx_A8D_eoef--ShareholderFeesTableTextBlock_zmp6y3jdfjaj"></div> <table cellpadding="0" cellspacing="0" id="xdx_A54_dU_zwh5sFre66ij" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; vertical-align: bottom; width: 74%; text-align: center; white-space: nowrap"> </td> <td id="xdx_49A_20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172453Member_zUwyg453GIE1" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 12%; white-space: nowrap; text-align: center">Investor Class(1) </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap"> </td> <td id="xdx_493_20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172452Member_zC2ueDI5cv48" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 12%; white-space: nowrap; text-align: center">Institutional Class </td></tr> <tr id="xdx_406_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_zGcJBHzQ4rkd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">None</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">None</td></tr> <tr id="xdx_409_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_zjuHg9CRMNzh" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Maximum Contingent Deferred Sales Charge (Load)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">None</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">None</td></tr> <tr id="xdx_40F_eoef--MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther_dpn_zSKnO6z8NE4k" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Maximum Sales Charge (Load) Imposed on Reinvested Dividends</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">None</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">None</td></tr> </table> 0 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A82_eoef--AnnualFundOperatingExpensesTableTextBlock_zz8q9fOfJUW7"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5E_dU_zwUJXfgi3lac" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; vertical-align: bottom; width: 74%; text-align: center; white-space: nowrap"> </td> <td id="xdx_499_20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172453Member_zn6yu9R9pA91" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 12%; white-space: nowrap; text-align: center">Investor Class(1)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap"> </td> <td id="xdx_490_20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172452Member_zvqFVhymAbI3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 12%; white-space: nowrap; text-align: center">Institutional Class </td></tr> <tr id="xdx_408_eoef--ManagementFeesOverAssets_dpn_zzrv9E1x8yo1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Management Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">0.74%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">0.74%</td></tr> <tr id="xdx_409_eoef--DistributionAndService12b1FeesOverAssets_dpn_zkVfue6jwYVi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Distribution and/or Service (12b-1) Fees</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">0.25%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">None</td></tr> <tr id="xdx_405_eoef--OtherExpensesOverAssets_dpn_zAKgSn1AZiCf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Other Expenses</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">0.45%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">0.45%</td></tr> <tr id="xdx_40D_eoef--ExpensesOverAssets_dpn_zJR5uwrCtamk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Total Annual Fund Operating Expenses(2)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">1.44%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">1.19%</td></tr> <tr id="xdx_40D_eoef--FeeWaiverOrReimbursementOverAssets_dpn_zly0hpvWHttb" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Less Management Fee Reductions and/or Expense Reimbursements(2)(3)</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">(0.20)%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">(0.20)%</td></tr> <tr id="xdx_40E_eoef--NetExpensesOverAssets_dpn_zOPJzWK4tdGf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; color: #231F20">Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements(2)</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif">1.24%</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: center"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif">0.99%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(1)</td><td style="text-align: justify">As of the date of this Prospectus, Investor Class shares are not being offered.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(2)</td><td style="text-align: justify">“Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements” will not correlate to the ratio of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(3)</td><td style="text-align: justify">Orange Investment Advisors, Inc. (formerly named Hudson Valley Investment Advisors, Inc.) (the “Adviser”) has contractually agreed, until July 1, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses of each class of shares of the Fund (exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, costs to organize the Fund, Acquired Fund fees and expenses, extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of the Fund’s business) to an amount not exceeding 1.24% and 0.99% of the average daily net assets of Investor Class and Institutional Class shares, respectively. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Fund for a period of 36 months after the date that such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses (exclusive of such reductions and reimbursements) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to July 1, 2027, this agreement may not be modified or terminated without the approval of the Fund’s Board of Trustees (the “Board”). This agreement will terminate automatically if the Fund’s investment advisory agreement (the “Advisory Agreement”) with the Adviser is terminated.</td> </tr></table> 0.0074 0.0074 0.0025 0 0.0045 0.0045 0.0144 0.0119 -0.0020 -0.0020 0.0124 0.0099 “Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements” will not correlate to the ratio of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses. July 1, 2027 Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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 and that the operating expenses of the Fund remain the same and the contractual agreement to limit expenses remains in effect only until July 1, 2027. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A8D_eoef--ExpenseExampleWithRedemptionTableTextBlock_zDK173V7XcTh"></div> <table cellpadding="0" cellspacing="0" id="xdx_A53_dU_zLduOargKZqk" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: #231F20 0.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 32%; text-align: left; white-space: nowrap">Class</td> <td id="xdx_48D_eoef--ExpenseExampleYear01_zRAVcpVprWTh" style="border-bottom: #231F20 0.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: center; white-space: nowrap">1 Year</td> <td id="xdx_481_eoef--ExpenseExampleYear03_z29O9PtWpugc" style="border-bottom: #231F20 0.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: center; white-space: nowrap">3 Years</td> <td id="xdx_488_eoef--ExpenseExampleYear05_zgkM0WJSevBb" style="border-bottom: #231F20 0.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: center; white-space: nowrap">5 Years</td> <td id="xdx_48E_eoef--ExpenseExampleYear10_zOMzzXOzPlxl" style="border-bottom: #231F20 0.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: center; white-space: nowrap">10 Years</td></tr> <tr id="xdx_41A_20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172453Member_z9E2ifnUXfx" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; color: #231F20">Investor</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$126</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$436</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$768</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$1,707</td></tr> <tr id="xdx_419_20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172452Member_zh2mIIUgUxDi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; color: #231F20">Institutional</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$101</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$358</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$635</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; color: #231F20">$1,425</td></tr> </table> 126 436 768 1707 101 358 635 1425 Portfolio Turnover 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 Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 17% of the average value of its portfolio. 0.17 PRINCIPAL INVESTMENT STRATEGIES The Fund seeks to achieve its investment objective by investing principally in a diversified portfolio of common stock of large-capitalization growth companies that the Adviser believes offer (1) reasonable valuation when compared to their industry peers and (2) the potential of earnings growth. For purposes of the Fund, the Adviser defines large-capitalization companies as companies that have a market capitalization within the range represented by the companies in the S&P 500® Index (between $5 billion and $6 trillion as of June 1, 2026) at the time of purchase. The size of the companies in the S&P 500® Index will change with market conditions. The Adviser’s investment process includes both a top-down analysis of the economic landscape and a bottom-up analysis of individual companies. The Adviser also creates economic projections consisting of factors including inflation, unemployment, interest rates, and corporate earnings. The top-down analysis begins with the Adviser’s economic projections. The Adviser considers market value expectations and projected changes in government policy, technology, industries and demographics. The Adviser then evaluates the relevant portfolio’s sector and industry weightings. The bottom-up analysis begins with the universe of large-capitalization common stocks, to which the Adviser applies its proprietary quantitative screening process and fundamental research. Fundamental research includes the Adviser’s detailed analysis of the competitive environments of the companies under consideration, interaction with the management of those companies, a review of multiple resources to assess the companies and their respective industries, analysis of company earnings and cash flow projections, and identification of themes that could affect company and industry trends and catalysts. The Adviser continually monitors “out of favor” sectors for potential ideas. In selecting securities for the Fund’s portfolio, the Adviser seeks to include the securities of companies the Adviser believes have growth potential, which are likely to exceed the overall market estimates and general consensus. In determining this, the Adviser looks for certain positive attributes of companies, including superior management and business models, dominant market positions, durable competitive advantages, and strong transparent financials. The Adviser sets a target price for each security in the portfolio, which is updated periodically. When a stock reaches or exceeds its target price, the Adviser’s strategy typically requires that the security be sold. The Adviser may also sell a security when it determines there is a change in the company’s risk/return characteristics, such as when events fail to confirm the Adviser’s investment thesis or there is a loss of confidence in the company’s management. A position may also be sold when the Adviser believes other investment opportunities are more attractive or that the security is unlikely to benefit from current business, market or economic conditions. Under normal circumstances, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in U.S. equity securities listed on a U.S. securities exchange. As with any mutual fund investment, there is a risk that you could lose money by investing in the Fund. The success of the Fund’s investment strategy depends largely upon the Adviser’s skill in selecting securities for purchase and sale by the Fund and there is no assurance that the Fund will achieve its investment objective. Because of the investment techniques the Adviser uses, the Fund is designed for investors who are investing for the long term. The Fund may not be appropriate for use as a complete investment program. The principal risks of an investment in the Fund are generally described below. Active Management Risk. Due to the active management of the Fund by the Adviser, the Fund could underperform its benchmark index and/or other funds with similar investment objectives and strategies. Equity Securities Risk. Equity prices are volatile and the value of such securities in the Fund’s portfolio may decline due to fluctuations in market prices, interest rates, national and international economic conditions, or other market events. In a declining stock market, stock prices for all companies may decline, regardless of their long-term prospects. Under such circumstances, the price of the Fund’s shares may also decline. Growth Investing Risk. Investments in growth stocks present the risk that the stocks’ valuation growth will not be realized, the stocks react differently than the market as whole or other types of stock, and the stocks are more sensitive to changes in their companies’ earnings and more volatile than other types of stock. In addition, the Fund’s growth investment style may go out of favor with investors during certain parts of the market cycle, which may negatively affect the Fund’s performance. Large-Capitalization Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns from large-capitalization companies generally trail returns of smaller companies or the overall stock market. Management Style Risk. The Adviser’s method of security selection may not be successful and the Fund may underperform relative to its benchmark index or to other mutual funds that employ similar investment strategies. In addition, the Adviser may select investments that fail to perform as anticipated. The ability of the Fund to meet its investment objective is directly related to the success of the Adviser’s investment process and there is no guarantee that the Adviser’s judgments about the attractiveness, value and potential appreciation of a particular investment for the Fund will be correct or produce the desired results. Market Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks are subject to market risks, such as a rapid increase or decrease in a stock’s value or liquidity, fluctuations in price due to earnings, economic conditions and other factors beyond the control of the Adviser. A company’s share price may decline if a company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence, among other conditions. In a declining stock market, stock prices for all companies (including those in the Fund’s portfolio) may decline, regardless of their long-term prospects. Certain market events could increase volatility and exacerbate market risk, such as changes in governments’ economic policies, political turmoil, military actions, environmental events, trade disputes, and epidemics, pandemics or other public health issues. Turbulence in financial markets, and reduced liquidity in equity, credit and fixed income markets may negatively affect many issuers domestically and around the world, and can result in trading halts, any of which could have an adverse impact on the Fund. During periods of market volatility, security prices (including securities held by the Fund) could fall drastically and rapidly and therefore adversely affect the Fund. Sector Risk. The Fund may, at times, be more heavily invested in certain industries or sectors, which may cause the value of the Fund’s shares to be especially sensitive to factors and economic conditions or risks that specifically affect those industries or sectors and may cause the Fund’s share price to fluctuate more widely than shares of a mutual fund that invests in a broader range of industries or sectors. As of February 28, 2026, the Fund had 30.1% of its net assets invested in stocks within the technology sector. The values of securities of companies in the technology sector may be significantly affected adversely by competitive pressures, respectively, short product cycles, aggressive pricing and rapid obsolescence of existing products and technologies. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Active Management Risk. Due to the active management of the Fund by the Adviser, the Fund could underperform its benchmark index and/or other funds with similar investment objectives and strategies. Equity Securities Risk. Equity prices are volatile and the value of such securities in the Fund’s portfolio may decline due to fluctuations in market prices, interest rates, national and international economic conditions, or other market events. In a declining stock market, stock prices for all companies may decline, regardless of their long-term prospects. Under such circumstances, the price of the Fund’s shares may also decline.<div id="xdx_C00_gRBRTB-ZHEHRV_zFmY2IG3eZ5b"> </div> Growth Investing Risk. Investments in growth stocks present the risk that the stocks’ valuation growth will not be realized, the stocks react differently than the market as whole or other types of stock, and the stocks are more sensitive to changes in their companies’ earnings and more volatile than other types of stock. In addition, the Fund’s growth investment style may go out of favor with investors during certain parts of the market cycle, which may negatively affect the Fund’s performance.<div id="xdx_C0F_gRBRTB-ZHEHRV_zwbdmmRy3ZG5"> </div> Large-Capitalization Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns from large-capitalization companies generally trail returns of smaller companies or the overall stock market.<div id="xdx_C07_gRBRTB-ZHEHRV_zGU3iQ0nVKfh"> </div> Management Style Risk. The Adviser’s method of security selection may not be successful and the Fund may underperform relative to its benchmark index or to other mutual funds that employ similar investment strategies. In addition, the Adviser may select investments that fail to perform as anticipated. The ability of the Fund to meet its investment objective is directly related to the success of the Adviser’s investment process and there is no guarantee that the Adviser’s judgments about the attractiveness, value and potential appreciation of a particular investment for the Fund will be correct or produce the desired results.<div id="xdx_C0D_gRBRTB-ZHEHRV_zWQvwtuVVxyg"> </div> Market Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks are subject to market risks, such as a rapid increase or decrease in a stock’s value or liquidity, fluctuations in price due to earnings, economic conditions and other factors beyond the control of the Adviser. A company’s share price may decline if a company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence, among other conditions. In a declining stock market, stock prices for all companies (including those in the Fund’s portfolio) may decline, regardless of their long-term prospects. Certain market events could increase volatility and exacerbate market risk, such as changes in governments’ economic policies, political turmoil, military actions, environmental events, trade disputes, and epidemics, pandemics or other public health issues. Turbulence in financial markets, and reduced liquidity in equity, credit and fixed income markets may negatively affect many issuers domestically and around the world, and can result in trading halts, any of which could have an adverse impact on the Fund. During periods of market volatility, security prices (including securities held by the Fund) could fall drastically and rapidly and therefore adversely affect the Fund. Sector Risk. The Fund may, at times, be more heavily invested in certain industries or sectors, which may cause the value of the Fund’s shares to be especially sensitive to factors and economic conditions or risks that specifically affect those industries or sectors and may cause the Fund’s share price to fluctuate more widely than shares of a mutual fund that invests in a broader range of industries or sectors. As of February 28, 2026, the Fund had 30.1% of its net assets invested in stocks within the technology sector. The values of securities of companies in the technology sector may be significantly affected adversely by competitive pressures, respectively, short product cycles, aggressive pricing and rapid obsolescence of existing products and technologies. PERFORMANCE SUMMARY The bar chart and table that follow provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for one year, five years, and since inception compare with those of a broad-based securities market index. The bar chart and tables show the performance of the Fund’s Institutional Class, which is the only class currently being offered. The Investor Class, if available, would have substantially similar annual returns and would differ only to the extent the Investor Class has different expenses. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information, current through the most recent month end, is available by calling 1-888-209-8710 or by visiting the Fund’s website at www.hviafunds.com. The bar chart and table that follow provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for one year, five years, and since inception compare with those of a broad-based securities market index. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-888-209-8710 www.hviafunds.com Calendar Year Returns* <div id="xdx_A8B_eoef--BarChartTableTextBlock_zl0kgmLVaO76"></div> <table cellpadding="0" cellspacing="0" id="xdx_A52_dU_zrVrELs9wqc9" style="font: 10pt Arial, Helvetica, Sans-Serif; display: none; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: top; text-align: center"> <td style="text-align: center; width: 10%"> </td> <td id="xdx_497_20170101__20171231_zNRb38hzLh1c" style="text-align: center; width: 10%">2017</td> <td id="xdx_498_20180101__20181231_zWqp1C2Ep1A4" style="text-align: center; width: 10%">2018</td> <td id="xdx_49A_20190101__20191231_z5Q3pmEz8bm4" style="text-align: center; width: 10%">2019</td> <td id="xdx_498_20200101__20201231_zDgCwOpIqzz2" style="text-align: center; width: 10%">2020</td> <td id="xdx_49A_20210101__20211231_zioWzwGY5MCl" style="text-align: center; width: 10%">2021</td> <td id="xdx_490_20220101__20221231_z6sOScTGHRgk" style="text-align: center; width: 10%">2022</td> <td id="xdx_496_20230101__20231231_zEe24xiB8Yue" style="text-align: center; width: 10%">2023</td> <td id="xdx_499_20240101__20241231_zEScntWjaVn8" style="text-align: center; width: 10%">2024</td> <td id="xdx_49A_20250101__20251231_zjgVbLeoNhH3" style="text-align: center; width: 10%">2025</td></tr> <tr id="xdx_404_eoef--AnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172452Member_z7n5o5kRi8Ak" style="vertical-align: top; text-align: center"> <td>*</td> <td>23.00%</td> <td>-6.10%</td> <td>29.81%</td> <td>26.17%</td> <td>28.96%</td> <td>-20.39%</td> <td>27.68%</td> <td>17.17%</td> <td>16.72%</td></tr> </table> <img alt="(BAR CHART)" src="um004_v1.jpg"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt auto; width: 60%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td style="width: 17.3pt; text-align: left">*</td><td style="text-align: justify">The Fund’s year-to-date return through March 31, 2026 is (5.14)%.</td></tr></table> 0.2300 -0.0610 0.2981 0.2617 0.2896 -0.2039 0.2768 0.1717 0.1672 The Fund’s year-to-date return 2026-03-31 -0.0514 Quarterly Returns During This Time Period <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 50%; border-collapse: collapse; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_98B_eoef--HighestQuarterlyReturnLabel_c20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member_zorqqbnX0ZKg" style="font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: left">Highest</td> <td id="xdx_988_eoef--BarChartHighestQuarterlyReturn_dp_c20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member_ziPXjt99z5pa" style="font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center">24.44%</td> <td id="xdx_984_eoef--BarChartHighestQuarterlyReturnDate_dxH_c20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member_zxfpvf8qJXx9" style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: center" title="::XDX::2020-06-30">(June 30, 2020)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td id="xdx_988_eoef--LowestQuarterlyReturnLabel_c20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member_zlAZizaBPw14" style="font: 10pt Times New Roman, Times, Serif; text-align: left">Lowest</td> <td id="xdx_989_eoef--BarChartLowestQuarterlyReturn_dp_c20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member_zu9qa7iLr8Y1" style="font: 10pt Times New Roman, Times, Serif; text-align: center">(17.52)%</td> <td id="xdx_98C_eoef--BarChartLowestQuarterlyReturnDate_dxH_c20260626__20260626__dei--LegalEntityAxis__custom--S000054831Member_zW2AvIavWOe5" style="font: 10pt Times New Roman, Times, Serif; text-align: center" title="::XDX::March%2031%2C%202020">(March 31, 2020)</td></tr> </table> Highest 0.2444 Lowest -0.1752 Average Annual Total Returns for periods ended December 31, 2025 <div id="xdx_A8B_eoef--PerformanceTableTextBlock_zBYnoRiEwTv"></div> <table cellpadding="0" cellspacing="0" id="xdx_A56_dU_zlTT2JuKPjkl" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 61%; text-align: center">Average Annual Total Returns for Period Ended December 31, 2025 </td> <td id="xdx_49A_20250101__20251231_z98B71yiyI0l" style="border-bottom: Black 1pt solid; white-space: nowrap; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 16%; text-align: center">One Year</td> <td id="xdx_498_20210101__20251231_z8HQH3sRDFs3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; width: 10%; text-align: center">Five Years</td> <td id="xdx_494_20161003__20251231_zSwzvK4laQ9d" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; width: 13%; text-align: center">Since Inception</td></tr> <tr id="xdx_40C_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172452Member_zHhb737a37V5" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; color: #231F20">Return Before Taxes</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">16.72%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">12.38%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">14.89%</td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172452Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zNj8vtyeYPc8" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; color: #231F20">Return After Taxes on Distributions</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">14.73%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">11.19%</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">14.07%</td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000054831Member__oef--ClassAxis__custom--C000172452Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zEeVPDMickc5" style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: left; color: #231F20">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">11.32%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">9.68%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">12.34%</td></tr> <tr id="xdx_40F_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000054831Member__oef--PerformanceMeasureAxis__custom--SAndP500IndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zff9C3ZhTXQe" style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">S&P 500® Index (reflects no deduction for fees, expenses or taxes)</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">17.88%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">14.42%</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">15.22%</td></tr> </table> Return Before Taxes 0.1672 0.1238 0.1489 0.1473 0.1119 0.1407 0.1132 0.0968 0.1234 reflects no deduction for fees, expenses or taxes 0.1788 0.1442 0.1522 After-tax returns are calculated using the historical highest individual federal marginal income tax rates 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 shares through tax-deferred arrangements, such as 401(k) plan or an individual retirement account (“IRA”). After-tax returns are shown for the Fund’s Institutional Class only and after-tax returns for the Investor Class will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates 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 shares through tax-deferred arrangements, such as 401(k) plan or an individual retirement account (“IRA”). After-tax returns are shown for the Fund’s Institutional Class only and after-tax returns for the Investor Class will vary. RISK/RETURN SUMMARY INVESTMENT OBJECTIVE The Nia Impact Solutions Fund (the “Fund”) seeks long-term capital appreciation by investing in companies that contribute towards advancements in the areas of diversity and inclusion, sustainability and/or social justice. FEES AND EXPENSES This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. Shareholder Fees (fees paid directly from your investment) <div id="xdx_A88_eoef--ShareholderFeesTableTextBlock_zJjU7JdZHYYi"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5D_dU_zDL3OTm4GAHh" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Shareholder Fees"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 85%; text-align: left">Shareholder Fees (fees paid directly from your investment)</td> <td id="xdx_49C_20260626__20260626__dei--LegalEntityAxis__custom--S000076123Member__oef--ClassAxis__custom--C000235579Member_zEwgBWWnRnLh" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 15%; padding-right: 0.75pt; padding-left: 2.65pt; text-align: center"> </td></tr> <tr id="xdx_403_eoef--MaximumSalesChargeImposedOnPurchasesOverOfferingPrice_dpn_zfJsAwY6FsL2" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 9.35pt; text-indent: -9.35pt">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.9pt; text-align: center">None</td></tr> <tr id="xdx_407_eoef--MaximumDeferredSalesChargeOverOfferingPrice_dpn_zMdP3i7quKcj" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 9.35pt; text-indent: -9.35pt">Maximum Contingent Deferred Sales Charge (Load)</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; text-align: center">None</td></tr> <tr id="xdx_40D_eoef--MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther_dpn_zCXXHYhWwVq9" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 9.35pt; text-indent: -9.35pt">Maximum Sales Charge (Load) Imposed on Reinvested Dividends</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; text-align: center">None</td></tr> <tr id="xdx_403_eoef--RedemptionFeeOverRedemption_dn_zHf6awEdnLka" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-left: 9.35pt; text-indent: -9.35pt">Redemption Fee</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; text-align: center">None</td></tr> </table> 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) <div id="xdx_A84_eoef--AnnualFundOperatingExpensesTableTextBlock_z1USulKZOQh7"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5F_dU_z7SdJuE3HnZg" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 85%; text-align: left">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td id="xdx_497_20260626__20260626__dei--LegalEntityAxis__custom--S000076123Member__oef--ClassAxis__custom--C000235579Member_zPJqu21iSPC2" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 15%; text-align: center"> </td></tr> <tr id="xdx_402_eoef--ManagementFeesOverAssets_dpn_zKTrzFFqJm0f" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 9.35pt; text-indent: -9.35pt">Management Fees</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom; padding-right: 0.75pt">0.95%</td></tr> <tr id="xdx_40D_eoef--DistributionAndService12b1FeesOverAssets_dpn_z6gmiJGi0eK3" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 9.35pt; text-indent: -9.35pt">Distribution and/or Service (12b-1) Fees</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 0.75pt; text-align: center">None</td></tr> <tr id="xdx_40D_eoef--OtherExpensesOverAssets_dpn_zD8aOxOb7hwc" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 9.35pt; text-indent: -9.35pt">Other Expenses</td> <td style="border-bottom: Black 1pt solid; text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 0.75pt">0.40%</td></tr> <tr id="xdx_40D_eoef--ExpensesOverAssets_dpn_zHsEPLpzqof5" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 9.35pt; text-indent: -9.35pt">Total Annual Fund Operating Expenses(1)</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; vertical-align: bottom; padding-right: 0.75pt">1.35%</td></tr> <tr id="xdx_405_eoef--FeeWaiverOrReimbursementOverAssets_dpn_ziAZ3OpB2CUk" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 9.35pt; text-indent: -9.35pt">Fee Waivers and/or Expense Reimbursement(2)</td> <td style="border-bottom: Black 1pt solid; text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 0.75pt">(0.38)%</td></tr> <tr id="xdx_40E_eoef--NetExpensesOverAssets_dpn_zEe3jGRhH5fh" style="font: 10pt Arial, Helvetica, Sans-Serif"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 2.65pt; padding-left: 9.35pt; text-indent: -9.35pt">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursement(1)</td> <td style="border-bottom: Black 2.25pt double; text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding-right: 0.75pt">0.97%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(1)</td><td style="text-align: justify">“Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements” will not correlate to the ratio of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.3in; text-align: left">(2)</td><td style="text-align: justify">Nia Impact Capital (the “Adviser”) has contractually agreed, until June 30, 2027, to reduce its Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, costs to organize the Fund, acquired fund fees and expenses, and extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of the Fund’s business) to an amount not exceeding 0.97% of the average daily net assets of the Fund. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Fund for a period of 36 months after the date that such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to June 30, 2027, this agreement may not be modified or terminated without the approval of the Fund’s Board of Trustees (the “Board”). This agreement will terminate automatically if the Fund’s investment advisory agreement with the Adviser is terminated.</td> </tr></table> 0.0095 0 0.0040 0.0135 -0.0038 0.0097 “Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements” will not correlate to the ratio of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses. June 30, 2027 Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. 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, that the operating expenses of the Fund remain the same and the contractual agreement to limit expenses remains in effect until June 30, 2027. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div id="xdx_A85_eoef--ExpenseExampleWithRedemptionTableTextBlock_zaeOG8dgrMRl"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5D_dU_zYD4y1IEUOyi" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="display: none; width: 0%"> </td> <td id="xdx_48A_eoef--ExpenseExampleYear01_zvCcccWbf7ld" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 25%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">1 Year</td> <td id="xdx_48F_eoef--ExpenseExampleYear03_z5E7BvzZLPwh" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 25%; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">3 Years</td> <td id="xdx_481_eoef--ExpenseExampleYear05_z2btKwiczBSi" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 25%; text-align: center">5 Years</td> <td id="xdx_48D_eoef--ExpenseExampleYear10_z6uBkdwOF7Vc" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 25%; text-align: center">10 Years</td></tr> <tr id="xdx_41B_20260626__20260626__dei--LegalEntityAxis__custom--S000076123Member__oef--ClassAxis__custom--C000235579Member_zLZaA9iefpH6" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="display: none"> </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">$99</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 1.5pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center">$390</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">$703</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">$1,591</td></tr> </table> 99 390 703 1591 Portfolio Turnover 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 Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 29% of the average value of its portfolio. 0.29 PRINCIPAL INVESTMENT STRATEGIES Under normal circumstances the Fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities of U.S. and non-U.S. companies, including emerging market companies that meet the Adviser’s environmental, social, and corporate governance (“ESG”) criteria, described below, at the time of investment. The Fund’s 80% policy is a non-fundamental investment policy that can be changed by the Fund upon 60 days’ prior written notice to shareholders. Equity securities include common stocks and American depositary receipts (“ADRs”) of companies of any capitalization size, including large-cap, mid-cap and small-cap companies, that the Adviser believes present an attractive opportunity for long-term capital appreciation. In selecting investments for the Fund, the Adviser seeks to identify companies across the globe with diverse leadership that are focused on creating a just, sustainable and inclusive world, in accordance with the Adviser’s investment thesis that, over the long term, the markets will reward companies that focus on solving major social and environmental issues. The Adviser’s approach to selecting companies for investment has three parts: (1) assessing for alignment with the Adviser’s six “solutions themes”; (2) screening for diversity in leadership; and (3) performing financial analysis with an ESG lens. Alignment with Solutions Themes. The Adviser has identified six “solutions themes,” which the Adviser believes are among the most critical social and environmental issues confronting our planet, our economies, and society: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.3in"></td><td style="width: 0.3in; text-align: left">1)</td><td style="text-align: justify">Sustainable Planet – Climate change reversal and mitigation, including fossil-fuel free, non-extractive renewable energy, energy-efficient technology, sustainable design and engineering services.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.3in"></td><td style="width: 0.3in; text-align: left">2)</td><td style="text-align: justify">Affordable Housing – Environmentally friendly housing promoting development of community.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.3in"></td><td style="width: 0.3in; text-align: left">3)</td><td style="text-align: justify">Sustainable & Affordable Transportation – An emphasis on products and systems that eliminate or reduce damaging emissions, while also expanding access to clean transportation alternatives across income levels.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.3in"></td><td style="width: 0.3in; text-align: left">4)</td><td style="text-align: justify">Natural & Organic Foods – Promotion of products and services supporting sustainable agriculture, access to healthy food and a healthier planet.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.3in"></td><td style="width: 0.3in; text-align: left">5)</td><td style="text-align: justify">Healthcare – Focusing on both innovation and access, including prevention, early detection, women’s health, innovative cancer treatments and unmet medical needs addressing the HIV/AIDS and COVID-19 pandemics and other infectious diseases disproportionately affecting women and people of color.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.3in"></td><td style="width: 0.3in; text-align: left">6)</td><td style="text-align: justify">Education, Communications, & Financial Services – Access to basic banking and financial literacy that expand opportunities and level the playing field for underserved populations with historically limited access. Services and technology to improve education access and facilitate positive communication.</td> </tr></table> The Adviser seeks to identify companies offering products and/or services, including those in development, that the Adviser believes are or are expected to contribute to improving conditions in one or more of categories covered by the six solutions themes. Which theme is prioritized for analysis for a particular company is dependent upon the company’s sector and industry. Among other things, the Adviser uses the Sustainable Accounting Standards Board (SASB) standards to identify which solutions themes are most critical for each sector and industry and could therefore most materially impact a particular company and its potential future value. Once the Adviser has identified a company’s fit within the solutions themes, the Adviser performs an analysis of the company’s potential for impact with respect to the identified solution theme both on an absolute basis and as compared to its peer companies, the company’s industry and the general market. To conduct this analysis, the Adviser seeks to gather and identify numerical and descriptive data that depicts where a company’s impact has been, is currently, and where it is directionally likely to go. Because these categories differ greatly, the approach to analysis varies yet generally includes both quantitative data (for example, measurements of greenhouse gas emissions) and qualitative assessment (for example, demonstrated prioritization of research and treatment of healthcare needs, with particular attention to women and people of color). The Adviser seeks companies whose core business model, products, and/or services contributes to addressing one or more of the Adviser’s solutions themes, and whose management is committed to improving diversity, equity and inclusion practices within the company. As a result of the Adviser’s focus on companies providing products and/or services that align with one or more of the solutions themes, the Adviser expects that the Fund will invest primarily in companies from the following sectors: Health Care; Technology; Communications; Industrials; Consumer Staples; Financials; Consumer Discretionary; Real Estate; Utilities; and Energy. Diversity in Leadership. In selecting its universe of investments, the Adviser seeks to identify those companies that meet the Adviser’s diversity criteria with regards to leadership positions both at the executive management and board of directors levels. The Adviser’s diversity criteria are representation based and vary based on a company’s sector and geographic location. Companies must satisfy the Adviser’s diversity criteria as of the time of investment in order to be eligible for investment by the Fund. Among other things, the criteria include a requirement for inclusion of women in a company’s leadership positions. Financial Analysis with an ESG Lens. The Adviser seeks to identify companies that present an attractive opportunity for long-term capital appreciation based on an assessment of a company’s fundamental business properties and ESG related policies and practices. The Adviser’s view is that both traditional financial analysis and ESG considerations may reveal disparities between a company and its competitors and identify operational resilience (or lack thereof), and will therefore inform the Adviser’s views on the overall attractiveness of a company’s prospects. The Adviser considers a company’s fundamental business properties using traditional methods of financial statement analysis, including quantitative analysis, proprietary valuation methods, and financial analysis in order to assess each company on the basis of historical and expected future performance. This involves trend and ratio analysis, and observation of growth rates, margins, leverage ratios, and cash flow yield, among other things. Analysis of a company’s financial prospects may also include broader considerations such as assessment of a company’s overall business strategy and evaluation of market conditions, both for a company’s specific product/service, as well as the macroeconomic environment. The Adviser also incorporates into this analysis consideration of a company’s ESG policies and practices, in accordance with the Adviser’s view that these factors contribute towards a company’s financial prospects. The Adviser typically uses the SASB standards as a starting point for identifying which ESG policies and practices are more critical for a company, depending on its sector and industry. Environmental factors considered by the Adviser may include assessment of a company’s policies and practices regarding greenhouse gas emissions, air quality, energy management, water & wastewater management, waste & hazardous materials management, and a company’s overall ecological impacts. The Adviser assesses a company’s social performance across a wide range of metrics which may include community relations, customer privacy, data security, access & affordability, product quality & safety, customer welfare, selling practices and product labeling. Human capital factors considered may include labor practices, employee health and safety measures, and employee engagement, diversity and inclusion. Which ESG factors are prioritized for analysis will vary depending on a company’s business line and industry and different combinations of these issues will be prioritized for different companies. The Adviser may also consider factors that may not directly impact a company’s value in the near-term yet reflect a company’s impact on its stakeholders and/or the environment, based on the Adviser’s view that such impacts can enhance a company’s value in the long-term. Based on the totality of the foregoing analysis, which combines the various quantitative and qualitative data considered, the Adviser develops a view of a company and an investment thesis. The Adviser will seek to use its influence as an investor, both through the application of the Adviser’s proxy voting guidelines and through dialogue with management of companies in the portfolio, to encourage portfolio companies to further their positive impact in the areas of the solutions themes, social justice and enhance their ESG policies and practices. The Adviser will monitor and seek to measure whether the Fund’s investments are achieving the desired impacts on an ongoing basis. Some of the metrics that the Adviser will review to attempt to measure impact include the number of proxies voted with relevant impact topics, the number of shareholder resolutions filed or joined, the percentage of votes received in favor of filed resolutions, and the number of portfolio companies that receive strategic or operational support from the Adviser to improve ESG policies and practices and the status of those improvements. The Adviser may sell an investment when, in the Adviser’s estimation, an investment no longer presents an attractive opportunity for long-term capital appreciation, if a company no longer satisfies the Adviser’s leadership diversity criteria, if a company no longer aligns with any of the solutions themes, or if the Adviser identifies other more attractive investments. As with any mutual fund investment, there is a risk that you could lose money by investing in the Fund. The success of the Fund’s investment strategy depends largely upon the Adviser’s skill in selecting securities for purchase and sale by the Fund and there is no assurance that the Fund will achieve its investment objective. Because of the investment techniques the Adviser uses, the Fund is designed for investors who are investing for the long term. The Fund may not be appropriate for use as a complete investment program. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of an investment in the Fund are generally described below. ESG Investing Risk. The Fund’s incorporation of ESG considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style yet do not incorporate such considerations in their strategy or investment processes. Under certain economic conditions, this could cause the Fund’s investment performance to be worse than similar funds that do not incorporate such considerations in their investment strategies or processes. In applying ESG criteria to its investment decisions, the Fund may forgo higher yielding investments that it would invest in absent the application of its ESG investing criteria. The Fund will seek to identify companies that it believes meet its ESG criteria based on the data provided by third parties. The data provided by third parties may be incomplete, inaccurate or unavailable, which could cause the Adviser to incorrectly assess a company’s ESG practices. The Fund may invest in companies that do not reflect the beliefs and values of any particular investor. Active Management Risk. Due to the active management of the Fund by the Adviser, the Fund could underperform its benchmark index and/or other funds with similar investment objectives and strategies. The ability of the Fund to meet its investment objective is directly related to the success of the Adviser’s investment process and there is no guarantee that the Adviser’s judgment about the attractiveness, value and potential appreciation of a particular investment for the Fund will be correct or produce the desired results. <p id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_gRBRTB-OEBOMM_zc0VGsVp8lTi" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Equity Securities Risk. Equity prices are volatile and the prices of equity securities in which the Fund invests may fluctuate in response to many factors, including, and not limited to, the activities of the individual companies whose securities the Fund owns, general market and economic conditions, interest rates, and specific industry changes. Such price fluctuations subject the Fund to potential losses. <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargeCapitalizationCompanyRiskMember_zdetYCR3bGT2"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Large-Capitalization Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns for large capitalization companies generally trail returns of smaller companies or the overall stock market.</td></tr></table></div> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallCapAndMidCapCompanyRiskMember_zE5C1phfQW0h"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Small-Cap and Mid-Cap Company Risk. Investing in small- and mid-capitalization companies involves greater risk than is customarily associated with larger, more established companies. Small- and mid-cap companies frequently have less management depth and experience, narrower market penetrations, less diverse product lines, less competitive strengths and fewer resources. Due to these and other factors, stocks of small- and mid-cap companies may be more susceptible to market downturns and other events, less liquid, and their prices may be more volatile.</td></tr></table></div> <p id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForeignSecuritiesRiskMember_gRBRTB-PBP_zkKGqGRp2Bhk" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Foreign Securities Risk. Investments in foreign securities involve risks that may be different from those of U.S. securities. Foreign securities may not be subject to uniform audit, financial reporting, or disclosure standards, practices, or requirements comparable to those found in the United States. Foreign securities are also subject to the risk of adverse changes in investment or exchange control regulations or currency exchange rates, expropriation or confiscatory taxation, limitations on the removal of funds or other assets, political or social instability and nationalization of companies or industries. In addition, the dividend and interest payable on certain of the Fund’s foreign securities may be subject to foreign withholding taxes. Foreign securities also involve currency risk, which is the risk that the value of a foreign security will decrease due to changes in the relative value of the U.S. dollar and the security’s underlying foreign currency. <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--AmericanDepositoryReceiptADRRiskMember_zKSDVivlnkq4"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">American Depository Receipt (“ADR”) Risk. ADRs are subject to risks similar to those associated with direct investments in foreign securities. ADRs are securities that evidence ownership interests in a security or a pool of securities issued by a foreign issuer. The risks of depositary receipts include many risks associated with investing directly in foreign securities, such as individual country risk, currency exchange risk, volatility risk, and liquidity risk. ADRs may be available through “sponsored” or “unsponsored” facilities. Unsponsored ADRs, which are issued by a depositary bank without the participation or consent of the issuer, involve additional risks because U.S. reporting requirements do not apply and the issuing bank will recover shareholder distribution costs from movement of share prices and payment of dividends.</td></tr></table></div> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--CurrencyRiskMember_zgcN37rQPRl7"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Currency Risk. Changes in foreign currency exchange rates will affect the value of the Fund’s foreign securities. Generally, when the value of the U.S. dollar raises relative to a foreign currency, securities valued in that foreign currency lose value in terms of U.S. dollars since that foreign currency is worth fewer U.S. dollars. Currency exchange rates can fluctuate for a number of reasons, including the economic stability of a country, changes in interest rates, devaluation of a currency by a country’s government or central banking authority, and overall demand for a currency or lack thereof. Exchange rates can change significantly over short periods.</td></tr></table></div> <div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--EmergingMarketsRiskMember_zEBVi4VwD0q7"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Emerging Markets Risk. The Fund may invest in emerging market equity securities. In addition to the general risk of investing in foreign securities, investing in emerging markets can involve greater and more unique risks than those associated with investing in more developed markets. The securities markets of emerging countries are generally small, less developed, less liquid, and more volatile than securities markets of the U.S. and other developed markets. The risks of investing in emerging markets include greater social, political and economic uncertainties. Emerging market economics are often dependent upon a few commodities or natural resources that may be significantly adversely affected by volatile price movements against those commodities or natural resources. Emerging market countries may experience high levels of inflation and currency devaluation and have fewer potential buyers for investments. The securities markets and legal systems in emerging market countries may only be in a developmental stage and may provide few, or none, of the advantages and protections of markets or legal systems in more developed countries. Some of these countries may have in the past failed to recognize private property rights and have at times nationalized or expropriated the assets of private companies. Additionally, if settlements do not keep pace with the volume of securities transactions, they may be delayed, potentially causing the Fund’s assets to be uninvested, the Fund to miss investment opportunities and potential returns, and the Fund to be unable to sell an investment. As a result of these various risks, investments in emerging markets are considered to be speculative and may be highly volatile.</td></tr></table></div> Issuer Risk. Issuer risk is the risk that an issuer in which the Fund invests or to which it has exposure may perform poorly, and the value of its securities may therefore decline, which would negatively affect the Fund’s performance. Sector Risk. The Fund may, at times, be more heavily invested in certain industries or sectors, which may cause the value of the Fund’s shares to be especially sensitive to factors and economic conditions or risks that specifically affect those industries or sectors and may cause the Fund’s share price to fluctuate more widely than shares of a mutual fund that invests in a broader range of industries or sectors. As of February 28, 2026, 22.2%, 16.7%, and 15.2% of the net assets of the Fund were invested in stocks within the technology sector, industrials sector, and healthcare sector, respectively. The values of securities of companies in the technology sector may be significantly affected adversely by competitive pressures, short product cycles, aggressive pricing and rapid obsolescence of existing products and technologies. The values of securities of companies in the industrials sector may be adversely affected by changes in government regulation, world events and economic conditions. In addition, companies in the industrials sector may be adversely affected by environmental damages, product liability claims and exchange rates. The values of securities of companies in the healthcare sector may be affected by extensive government regulation, restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure, an increased emphasis on outpatient services, limited number of products, industry innovation, changes in technologies and other market developments. Many health care companies are heavily dependent on patent protection. The expiration of patents may adversely affect the profitability of these companies. Many health care companies are subject to extensive litigation based on product liability and similar claims. In addition, this may increase the risk of loss of an investment in the Fund and increase the volatility of the Fund’s net asset value (“NAV”) per share. Stock Market Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks are subject to market risks, such as a rapid increase or decrease in a stock’s value or liquidity, fluctuations in price due to earnings, economic conditions and other factors beyond the control of the Adviser. A company’s share price may decline if a company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence, among other conditions. In a declining stock market, stock prices for all companies (including those in the Fund’s portfolio) may decline, regardless of their long-term prospects. Certain market events could increase volatility and exacerbate market risk, such as changes in governments’ economic policies, political turmoil, environmental events, trade disputes, and epidemics, pandemics or other public health issues. Turbulence in financial markets, and reduced liquidity in equity, credit and fixed income markets may negatively affect many issuers domestically and around the world, and can result in trading halts, any of which could have an adverse impact on the Fund. During periods of market volatility, security prices (including securities held by the Fund) could fall drastically and rapidly and therefore adversely affect the Fund. ESG Investing Risk. The Fund’s incorporation of ESG considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style yet do not incorporate such considerations in their strategy or investment processes. Under certain economic conditions, this could cause the Fund’s investment performance to be worse than similar funds that do not incorporate such considerations in their investment strategies or processes. In applying ESG criteria to its investment decisions, the Fund may forgo higher yielding investments that it would invest in absent the application of its ESG investing criteria. The Fund will seek to identify companies that it believes meet its ESG criteria based on the data provided by third parties. The data provided by third parties may be incomplete, inaccurate or unavailable, which could cause the Adviser to incorrectly assess a company’s ESG practices. The Fund may invest in companies that do not reflect the beliefs and values of any particular investor.<div id="xdx_C04_gRBRTB-GBWQ_z2I1wysTKGie"> </div> Active Management Risk. Due to the active management of the Fund by the Adviser, the Fund could underperform its benchmark index and/or other funds with similar investment objectives and strategies. The ability of the Fund to meet its investment objective is directly related to the success of the Adviser’s investment process and there is no guarantee that the Adviser’s judgment about the attractiveness, value and potential appreciation of a particular investment for the Fund will be correct or produce the desired results.<div id="xdx_C08_gRBRTB-GBWQ_zlTJbZv9hOr1"> </div> <p id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_gRBRTB-OEBOMM_zc0VGsVp8lTi" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Equity Securities Risk. Equity prices are volatile and the prices of equity securities in which the Fund invests may fluctuate in response to many factors, including, and not limited to, the activities of the individual companies whose securities the Fund owns, general market and economic conditions, interest rates, and specific industry changes. Such price fluctuations subject the Fund to potential losses.<div id="xdx_C04_gRBRTB-GBWQ_znVW7SRXfMMg"> </div> <div id="xdx_C05_gRBRTB-GBWQ_zfUP7lP3Ic69"><div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargeCapitalizationCompanyRiskMember_zdetYCR3bGT2"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Large-Capitalization Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns for large capitalization companies generally trail returns of smaller companies or the overall stock market.</td></tr></table></div></div><div id="xdx_C00_gRBRTB-GBWQ_zEe4REwBnKy4"> </div><div id="xdx_C0C_gRBRTB-GBWQ_zuVKwi11rZt3"><div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallCapAndMidCapCompanyRiskMember_zE5C1phfQW0h"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Small-Cap and Mid-Cap Company Risk. Investing in small- and mid-capitalization companies involves greater risk than is customarily associated with larger, more established companies. Small- and mid-cap companies frequently have less management depth and experience, narrower market penetrations, less diverse product lines, less competitive strengths and fewer resources. Due to these and other factors, stocks of small- and mid-cap companies may be more susceptible to market downturns and other events, less liquid, and their prices may be more volatile.</td></tr></table></div></div> <div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargeCapitalizationCompanyRiskMember_zdetYCR3bGT2"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Large-Capitalization Company Risk. Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. There may be times when the returns for large capitalization companies generally trail returns of smaller companies or the overall stock market.</td></tr></table></div> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallCapAndMidCapCompanyRiskMember_zE5C1phfQW0h"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Small-Cap and Mid-Cap Company Risk. Investing in small- and mid-capitalization companies involves greater risk than is customarily associated with larger, more established companies. Small- and mid-cap companies frequently have less management depth and experience, narrower market penetrations, less diverse product lines, less competitive strengths and fewer resources. Due to these and other factors, stocks of small- and mid-cap companies may be more susceptible to market downturns and other events, less liquid, and their prices may be more volatile.</td></tr></table></div><div id="xdx_C0C_gRBRTB-GBWQ_zrFyqXjPmKRh"> </div> <p id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--ForeignSecuritiesRiskMember_gRBRTB-PBP_zkKGqGRp2Bhk" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Foreign Securities Risk. Investments in foreign securities involve risks that may be different from those of U.S. securities. Foreign securities may not be subject to uniform audit, financial reporting, or disclosure standards, practices, or requirements comparable to those found in the United States. Foreign securities are also subject to the risk of adverse changes in investment or exchange control regulations or currency exchange rates, expropriation or confiscatory taxation, limitations on the removal of funds or other assets, political or social instability and nationalization of companies or industries. In addition, the dividend and interest payable on certain of the Fund’s foreign securities may be subject to foreign withholding taxes. Foreign securities also involve currency risk, which is the risk that the value of a foreign security will decrease due to changes in the relative value of the U.S. dollar and the security’s underlying foreign currency.<div id="xdx_C0B_gRBRTB-GBWQ_zs9Gv3C542Gg"> </div> <div id="xdx_C0D_gRBRTB-GBWQ_zkOpQdi1Nvq"><div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--AmericanDepositoryReceiptADRRiskMember_zKSDVivlnkq4"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">American Depository Receipt (“ADR”) Risk. ADRs are subject to risks similar to those associated with direct investments in foreign securities. ADRs are securities that evidence ownership interests in a security or a pool of securities issued by a foreign issuer. The risks of depositary receipts include many risks associated with investing directly in foreign securities, such as individual country risk, currency exchange risk, volatility risk, and liquidity risk. ADRs may be available through “sponsored” or “unsponsored” facilities. Unsponsored ADRs, which are issued by a depositary bank without the participation or consent of the issuer, involve additional risks because U.S. reporting requirements do not apply and the issuing bank will recover shareholder distribution costs from movement of share prices and payment of dividends.</td></tr></table></div></div><div id="xdx_C00_gRBRTB-GBWQ_z6LRxeN4YOf5"> </div><div id="xdx_C08_gRBRTB-GBWQ_zYI6SZrDT6Dd"><div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--CurrencyRiskMember_zgcN37rQPRl7"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Currency Risk. Changes in foreign currency exchange rates will affect the value of the Fund’s foreign securities. Generally, when the value of the U.S. dollar raises relative to a foreign currency, securities valued in that foreign currency lose value in terms of U.S. dollars since that foreign currency is worth fewer U.S. dollars. Currency exchange rates can fluctuate for a number of reasons, including the economic stability of a country, changes in interest rates, devaluation of a currency by a country’s government or central banking authority, and overall demand for a currency or lack thereof. Exchange rates can change significantly over short periods.</td></tr></table></div></div><div id="xdx_C0D_gRBRTB-GBWQ_zcFY0Hm22Pni"> </div><div id="xdx_C08_gRBRTB-GBWQ_z0UvxhNieFv3"><div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--EmergingMarketsRiskMember_zEBVi4VwD0q7"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Emerging Markets Risk. The Fund may invest in emerging market equity securities. In addition to the general risk of investing in foreign securities, investing in emerging markets can involve greater and more unique risks than those associated with investing in more developed markets. The securities markets of emerging countries are generally small, less developed, less liquid, and more volatile than securities markets of the U.S. and other developed markets. The risks of investing in emerging markets include greater social, political and economic uncertainties. Emerging market economics are often dependent upon a few commodities or natural resources that may be significantly adversely affected by volatile price movements against those commodities or natural resources. Emerging market countries may experience high levels of inflation and currency devaluation and have fewer potential buyers for investments. The securities markets and legal systems in emerging market countries may only be in a developmental stage and may provide few, or none, of the advantages and protections of markets or legal systems in more developed countries. Some of these countries may have in the past failed to recognize private property rights and have at times nationalized or expropriated the assets of private companies. Additionally, if settlements do not keep pace with the volume of securities transactions, they may be delayed, potentially causing the Fund’s assets to be uninvested, the Fund to miss investment opportunities and potential returns, and the Fund to be unable to sell an investment. As a result of these various risks, investments in emerging markets are considered to be speculative and may be highly volatile.</td></tr></table></div></div> <div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--AmericanDepositoryReceiptADRRiskMember_zKSDVivlnkq4"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">American Depository Receipt (“ADR”) Risk. ADRs are subject to risks similar to those associated with direct investments in foreign securities. ADRs are securities that evidence ownership interests in a security or a pool of securities issued by a foreign issuer. The risks of depositary receipts include many risks associated with investing directly in foreign securities, such as individual country risk, currency exchange risk, volatility risk, and liquidity risk. ADRs may be available through “sponsored” or “unsponsored” facilities. Unsponsored ADRs, which are issued by a depositary bank without the participation or consent of the issuer, involve additional risks because U.S. reporting requirements do not apply and the issuing bank will recover shareholder distribution costs from movement of share prices and payment of dividends.</td></tr></table></div><div id="xdx_C03_gRBRTB-PBP_zjMuBlctE4W2"><div id="xdx_C00_gRBRTB-GBWQ_z6LRxeN4YOf5"> </div></div> <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--CurrencyRiskMember_zgcN37rQPRl7"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Currency Risk. Changes in foreign currency exchange rates will affect the value of the Fund’s foreign securities. Generally, when the value of the U.S. dollar raises relative to a foreign currency, securities valued in that foreign currency lose value in terms of U.S. dollars since that foreign currency is worth fewer U.S. dollars. Currency exchange rates can fluctuate for a number of reasons, including the economic stability of a country, changes in interest rates, devaluation of a currency by a country’s government or central banking authority, and overall demand for a currency or lack thereof. Exchange rates can change significantly over short periods.</td></tr></table></div><div id="xdx_C0B_gRBRTB-PBP_z202nM8ZoR96"><div id="xdx_C0D_gRBRTB-GBWQ_zcFY0Hm22Pni"> </div></div> <div id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--EmergingMarketsRiskMember_zEBVi4VwD0q7"> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt"></td><td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 13.7pt">●</td><td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Emerging Markets Risk. The Fund may invest in emerging market equity securities. In addition to the general risk of investing in foreign securities, investing in emerging markets can involve greater and more unique risks than those associated with investing in more developed markets. The securities markets of emerging countries are generally small, less developed, less liquid, and more volatile than securities markets of the U.S. and other developed markets. The risks of investing in emerging markets include greater social, political and economic uncertainties. Emerging market economics are often dependent upon a few commodities or natural resources that may be significantly adversely affected by volatile price movements against those commodities or natural resources. Emerging market countries may experience high levels of inflation and currency devaluation and have fewer potential buyers for investments. The securities markets and legal systems in emerging market countries may only be in a developmental stage and may provide few, or none, of the advantages and protections of markets or legal systems in more developed countries. Some of these countries may have in the past failed to recognize private property rights and have at times nationalized or expropriated the assets of private companies. Additionally, if settlements do not keep pace with the volume of securities transactions, they may be delayed, potentially causing the Fund’s assets to be uninvested, the Fund to miss investment opportunities and potential returns, and the Fund to be unable to sell an investment. As a result of these various risks, investments in emerging markets are considered to be speculative and may be highly volatile.</td></tr></table></div> Issuer Risk. Issuer risk is the risk that an issuer in which the Fund invests or to which it has exposure may perform poorly, and the value of its securities may therefore decline, which would negatively affect the Fund’s performance.<div id="xdx_C00_gRBRTB-GBWQ_zs3a6mZi4Bo1"> </div> Sector Risk. The Fund may, at times, be more heavily invested in certain industries or sectors, which may cause the value of the Fund’s shares to be especially sensitive to factors and economic conditions or risks that specifically affect those industries or sectors and may cause the Fund’s share price to fluctuate more widely than shares of a mutual fund that invests in a broader range of industries or sectors. As of February 28, 2026, 22.2%, 16.7%, and 15.2% of the net assets of the Fund were invested in stocks within the technology sector, industrials sector, and healthcare sector, respectively. The values of securities of companies in the technology sector may be significantly affected adversely by competitive pressures, short product cycles, aggressive pricing and rapid obsolescence of existing products and technologies. The values of securities of companies in the industrials sector may be adversely affected by changes in government regulation, world events and economic conditions. In addition, companies in the industrials sector may be adversely affected by environmental damages, product liability claims and exchange rates. The values of securities of companies in the healthcare sector may be affected by extensive government regulation, restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure, an increased emphasis on outpatient services, limited number of products, industry innovation, changes in technologies and other market developments. Many health care companies are heavily dependent on patent protection. The expiration of patents may adversely affect the profitability of these companies. Many health care companies are subject to extensive litigation based on product liability and similar claims. In addition, this may increase the risk of loss of an investment in the Fund and increase the volatility of the Fund’s net asset value (“NAV”) per share.<div id="xdx_C09_gRBRTB-GBWQ_zlWc4gPEikpi"> </div> Stock Market Risk. The return on and value of an investment in the Fund will fluctuate in response to stock market movements. Stocks are subject to market risks, such as a rapid increase or decrease in a stock’s value or liquidity, fluctuations in price due to earnings, economic conditions and other factors beyond the control of the Adviser. A company’s share price may decline if a company does not perform as expected, if it is not well managed, if there is a decreased demand for its products or services, or during periods of economic uncertainty or stock market turbulence, among other conditions. In a declining stock market, stock prices for all companies (including those in the Fund’s portfolio) may decline, regardless of their long-term prospects. Certain market events could increase volatility and exacerbate market risk, such as changes in governments’ economic policies, political turmoil, environmental events, trade disputes, and epidemics, pandemics or other public health issues. Turbulence in financial markets, and reduced liquidity in equity, credit and fixed income markets may negatively affect many issuers domestically and around the world, and can result in trading halts, any of which could have an adverse impact on the Fund. During periods of market volatility, security prices (including securities held by the Fund) could fall drastically and rapidly and therefore adversely affect the Fund. PERFORMANCE SUMMARY The bar chart and table that follow provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for one year and since inception compare with those of a broad-based securities market index. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information, current through the most recent month end, is available by calling 1-833-571-2833 or visiting www.niaimpactfunds.com. The bar chart and table that follow provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for one year and since inception compare with those of a broad-based securities market index. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1-833-571-2833 www.niaimpactfunds.com Calendar Year Returns* <div id="xdx_A82_eoef--BarChartTableTextBlock_zGuSChuQYNKf"></div> <table cellpadding="0" cellspacing="0" id="xdx_A52_dU_zswKbk4XcLd3" style="font: 10pt Arial, Helvetica, Sans-Serif; display: none; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: top; text-align: center"> <td style="text-align: center; width: 25%"> </td> <td id="xdx_499_20230101__20231231_z5DLYVdcWyrb" style="text-align: center; width: 25%">2023</td> <td id="xdx_49A_20240101__20241231_zSWG7hnM6hYe" style="text-align: center; width: 25%">2024</td> <td id="xdx_49C_20250101__20251231_zjZxWdzM6Nl2" style="text-align: center; width: 25%">2025</td></tr> <tr id="xdx_403_eoef--AnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000076123Member__oef--ClassAxis__custom--C000235579Member_znLdNWZB8mt4" style="vertical-align: top; text-align: center"> <td>*</td> <td>13.14%</td> <td>10.89%</td> <td>16.26%</td></tr> </table> <img alt="(BAR GRAPH)" src="um006_v1.jpg"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt auto; width: 61%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td style="width: 17.3pt; text-align: left">*</td><td style="text-align: justify">The Fund’s year-to-date return through March 31, 2026 is (3.33)%.</td></tr></table> 0.1314 0.1089 0.1626 The Fund’s year-to-date return 2026-03-31 -0.0333 Quarterly Returns During This Time Period <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-left: auto; width: 50%; border-collapse: collapse; margin-right: auto"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; padding-left: 8.65pt; text-align: center; text-indent: -8.65pt; color: #231F20">Highest:</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; width: 40%; padding-left: 8.65pt; text-align: center; text-indent: -8.65pt; color: #231F20">13.95% (quarter ended December 31, 2023)</td></tr> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 8.65pt; text-align: center; text-indent: -8.65pt; color: #231F20">Lowest:</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 8.65pt; text-align: center; text-indent: -8.65pt; color: #231F20">(8.03)% (quarter ended September 30, 2023)</td></tr> </table> Highest 0.1395 2023-12-31 Lowest -0.0803 2023-09-30 Average Annual Total Returns periods ended December 31, 2025 <div id="xdx_A84_eoef--PerformanceTableTextBlock_zW57k9ibBbmi"></div> <table cellpadding="0" cellspacing="0" id="xdx_A51_dU_zrc7W95de2og" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 70%; text-align: left">Average Annual Total Returns for Period Ended December 31, 2025</td> <td id="xdx_49C_20250101__20251231_zda6iu0mLFy9" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 15%; text-align: center">One Year</td> <td id="xdx_49D_20220510__20251231_z7INWKNnZB98" style="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 15%; text-align: center">Since Inception (May 10, 2022)</td></tr> <tr id="xdx_40B_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000076123Member__oef--ClassAxis__custom--C000235579Member_zFGUzjVhoaBg" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 2.55pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">Return Before Taxes </td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">16.26%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">10.38%</td></tr> <tr id="xdx_40D_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000076123Member__oef--ClassAxis__custom--C000235579Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zL4hwTaRxv6j" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 0.8pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">Return After Taxes on Distributions</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">16.19%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">10.26%</td></tr> <tr id="xdx_400_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000076123Member__oef--ClassAxis__custom--C000235579Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zOBc5JTsyon2" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">9.68%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">8.12%</td></tr> <tr id="xdx_407_eoef--AvgAnnlRtrPct_dp_hdei--LegalEntityAxis__custom--S000076123Member__oef--PerformanceMeasureAxis__custom--MSCIACWIIMIIndexReflectsNoDeductionForFeesExpensesOrTaxesMember_zPVTjzPtRMp3" style="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"> <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 0.8pt; text-align: left">MSCI ACWI IMI Index (reflects no deduction for fees, expenses or taxes)</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">22.05%</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">15.63%</td></tr> </table> 2022-05-10 Return Before Taxes 0.1626 0.1038 0.1619 0.1026 0.0968 0.0812 reflects no deduction for fees, expenses or taxes 0.2205 0.1563 After-tax returns are calculated using the historical highest individual federal marginal income tax rates 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 shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (“IRA”). After-tax returns are calculated using the historical highest individual federal marginal income tax rates 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 shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (“IRA”). “Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements” will not correlate to the ratios of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include “Acquired Fund Fees and Expenses”. Blueprint Fund Management, LLC (the “Adviser”) has contractually agreed, until June 30, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (excluding brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, Acquired Fund Fees and Expenses, costs to organize the Fund, extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of the Fund’s business) to 1.25% of the Fund’s average daily net assets of its Institutional Class shares. Management Fee reductions and expense reimbursements by the Adviser and Sub-Adviser are subject to repayment by the Fund for a period of three years after the date that such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses (exclusive of such reductions and reimbursements) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to June 30, 2027, this agreement may not be modified or terminated without the approval of the Board of Trustees (the “Board”). This agreement will terminate automatically if the Fund’s investment advisory agreement (the “Advisory Agreement”) with the Adviser is terminated. During the fiscal year ended February 28, 2026, the Adviser recouped $79,153 of prior years’ management fee reductions and expense reimbursements. The Fund’s year-to-date return through March 31, 2026 is (1.50)%. As of the date of this Prospectus, Investor Class shares are not being offered. “Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements” will not correlate to the ratio of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses. Orange Investment Advisors, Inc. (formerly named Hudson Valley Investment Advisors, Inc.) (the “Adviser”) has contractually agreed, until July 1, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses of each class of shares of the Fund (exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, costs to organize the Fund, Acquired Fund fees and expenses, extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of the Fund’s business) to an amount not exceeding 1.24% and 0.99% of the average daily net assets of Investor Class and Institutional Class shares, respectively. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Fund for a period of 36 months after the date that such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses (exclusive of such reductions and reimbursements) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to July 1, 2027, this agreement may not be modified or terminated without the approval of the Fund’s Board of Trustees (the “Board”). This agreement will terminate automatically if the Fund’s investment advisory agreement (the “Advisory Agreement”) with the Adviser is terminated. The Fund’s year-to-date return through March 31, 2026 is (5.14)%. “Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements” will not correlate to the ratio of expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses. Nia Impact Capital (the “Adviser”) has contractually agreed, until June 30, 2027, to reduce its Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, costs to organize the Fund, acquired fund fees and expenses, and extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of the Fund’s business) to an amount not exceeding 0.97% of the average daily net assets of the Fund. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Fund for a period of 36 months after the date that such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to June 30, 2027, this agreement may not be modified or terminated without the approval of the Fund’s Board of Trustees (the “Board”). This agreement will terminate automatically if the Fund’s investment advisory agreement with the Adviser is terminated. The Fund’s year-to-date return through March 31, 2026 is (3.33)%.