Additional Information:
This contains information about One Rock Fund - ONERX (the “Fund”) for the period December 1, 2025 to May 31, 2026.
You can find additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, by visiting https://www.truerockfund.com. You can also request this information by contacting us at 1-800-564-3899.
EXPENSE INFORMATION
What was the Fund’s costs for the last six months?
(based on a hypothetical $10,000 investment)
| Costs paid as a | ||
| Cost of a | percentage of a | |
| $10,000 | $10,000 investment | |
| Fund Name | investment | (annualized) |
| One Rock Fund | $83 | 1.28% |
TRAILING RETURNS
| Period ending May 31, 2026 | ||
One Rock Fund |
S&P 500 Index | |
| 1 Year | 126.69% | 29.78% |
5 Years Annualized |
36.08% | 14.16% |
Since Inception Annualized* |
43.73% | 17.95% |
Since Inception Growth of $10,000 |
$95,991 | $27,989 |
*Annualized Returns Since Inception – March 6, 2020.
Past performance is not a good predictor of future performance. The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained by calling 1-800-564-3899.
ABOUT THE FUND
| Net Assets | $56,765,495 |
| Portfolio Holdings | 55 |
| Portfolio Turnover | 329.75% |
| Advisory Fees Paid by Fund | $193,661 |
TOP 10 HOLDINGS (% OF NET ASSETS)
| SNDK | Sandisk Corp. | 6.60% |
| MU | Micron Technology, Inc. | 6.16% |
| BE | Bloom Energy Corp. | 5.72% |
| COHR | Coherent, Inc. | 5.08% |
| NVDA | NVIDIA Corporation | 4.24% |
| DOCN | DigitalOcean Holdings, Inc. | 3.93% |
| CLS | Celestica, Inc. | 3.62% |
| PLTR | Palantir Technologies Inc. | 3.52% |
| LITE | Lumentum Holdings, Inc. | 3.49% |
| AMD | Advanced Micro Devices, Inc. | 3.33% |
| TOTAL | 45.69% |
Material Fund Changes
Effective May 12, 2026, the Board appointed Bob Anastasi as Treasurer, Secretary and Chief Compliance Officer of the Trust and approved Hanover Fund Administration, LLC (“Hanover”) to provide administrator and compliance services to the Trust, replacing Empirical Administrators, LLC. Mr. Anastasi is the owner/president of Hanover, and also the vice president of MSS.
Effective June 26, 2026, One Rock Fund was renamed True Rock Fund. The ticker also changed from ONERX to TRUEX.