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TOWPATH FOCUS FUND
INSTITUTIONAL CLASS
TOWFX
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">ADDITIONAL INFORMATION</span></b></span></p>
<p style="font: 9pt Century Gothic,sans-serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This <span id="xdx_905_eoef--ShareholderReportAnnualOrSemiAnnual_c20251201__20260531_z365Fo15UOe3">semi-annual
shareholder report</span> contains important information about the Towpath Focus Fund – Institutional Class - TOWFX (the “Fund”)
for the period December 1, 2025 to May 31, 2026. <b>This report describes changes to the Fund that occurred during the reporting period</b>.</p>
semi-annual shareholder report
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">You can find additional information about the Fund
at <span id="xdx_905_eoef--AddlInfoWebsite_c20251201__20260531__oef--ClassAxis__custom--C000216314Member_zR8lIXNovRxh">www.oelschlagerinvestments.com</span>. You can also request this information by contacting us at <span id="xdx_90C_eoef--AddlInfoPhoneNumber_c20251201__20260531__oef--ClassAxis__custom--C000216314Member_zVq05uTt9gAf">1-877-593-8637</span>.</p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
www.oelschlagerinvestments.com
1-877-593-8637
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">expense Information</span></b></span></p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>What were the Fund costs for the past six months?</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(based on a hypothetical $10,000 investment)</p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 55%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Class Name</span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 21%; padding-right: -7.5pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs of a $10,000 investment</b></span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs paid as a percentage of a $10,000 investment</b></span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Institutional Class</span></td>
<td id="xdx_981_eoef--ExpensesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216314Member_zGhKlIhu2KGc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$47</td>
<td id="xdx_98F_eoef--ExpenseRatioPct_c20251201__20260531__oef--ClassAxis__custom--C000216314Member_zmVFA3jap1Id" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">0.90%</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
47
0.0090
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">PORTFOLIO ILLUSTRATION</span></b></span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following chart gives a visual breakdown of the
Fund by investment type or industry sector of the underlying securities as of, represented as a percentage of the portfolio of investments.
Below categories are from Morningstar®.</p>
<p style="font: 5pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 6.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 6.5pt"><img alt="" src="focuspie.jpg" style="height: 549px; width: 833px"/></span></p>
<p style="font: 1pt Century Gothic,sans-serif; margin: 0; text-align: justify"> </p>
<p style="font: 1pt Century Gothic,sans-serif; margin: 0; text-align: justify"> </p>
<p style="font: 5pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td colspan="2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Towpath Focus Portfolio Illustration as of
May 31, 2026</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 77%; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Basic Materials</td>
<td id="xdx_989_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__custom--BasicMaterialsMember_z14vrJKgSrzg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.14%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Communication Services</td>
<td id="xdx_985_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__custom--CommunicationServicesMember_zMcIHVXtESnb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.11%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Cyclical</td>
<td id="xdx_988_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__custom--ConsumerCyclicalMember_z0boHLsi7H1j" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17.36%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Defensive</td>
<td id="xdx_983_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__custom--ConsumerDefensiveMember_zmV3bqUcBOk6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.28%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zs5p28fqA0uk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.69%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financial Services</td>
<td id="xdx_98A_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zc8Lv4vXgGI" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">16.69%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Healthcare</td>
<td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zdKcMfuj9wJd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">26.58%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td>
<td id="xdx_980_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__us-gaap--MoneyMarketFundsMember_zyK0E41QSCGk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10.57%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Technology</td>
<td id="xdx_98B_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_zssXj5QDIOgb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.58%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
0.0214
0.1111
0.1736
0.0228
0.0769
0.1669
0.2658
0.1057
0.0558
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Fund statistics</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">NET ASSETS:</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_981_eus-gaap--AssetsNet_iI_c20260531__oef--ClassAxis__custom--C000216314Member_zzUXyc6evgN4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$72,314,039</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-top: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO HOLDINGS:</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_980_eoef--HoldingsCount_iI_uHoldings_c20260531__oef--ClassAxis__custom--C000216314Member_zj83HNTdltv9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">36</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-top: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO TURNOVER:</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_988_eus-gaap--InvestmentCompanyPortfolioTurnover_c20251201__20260531__oef--ClassAxis__custom--C000216314Member_z6An9J5O80M1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">2.29%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-top: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">ADVISORY FEES PAID BY FUND:</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_98B_eoef--AdvisoryFeesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216314Member_zttWDBrO3v73" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$238,876</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
72314039
36
0.0229
238876
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">top ten holdings
(% OF NET ASSETS)*</span></b></span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">1.</td>
<td style="white-space: nowrap; width: 69%; padding-right: 5.4pt; padding-left: 5.4pt">Alphabet, Inc.</td>
<td id="xdx_98D_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_znx9WG6DbStj" style="white-space: nowrap; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.10%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">2.</td>
<td style="white-space: nowrap; padding-right: -9pt; padding-left: 5.4pt">The Bank of New York Mellon Corp.</td>
<td id="xdx_98F_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--BankOfNewYorkMellonMember_zJFn53T41tIk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.47%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">3.</td>
<td style="white-space: nowrap; padding-right: -9pt; padding-left: 5.4pt">McKesson Corp.</td>
<td id="xdx_98D_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--McKessonCorpMember_zfZvBFQOOpQk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.93%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">4.</td>
<td style="white-space: nowrap; padding-right: -9pt; padding-left: 5.4pt">Shell plc ADR</td>
<td id="xdx_982_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--ShellPlcAdrMember_zQe27d2g09D6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.35%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">5.</td>
<td style="white-space: nowrap; padding-right: -9pt; padding-left: 5.4pt">Novartis AG ADR</td>
<td id="xdx_988_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--NovartisAgAdrMember_zklhN8HTydm4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.17%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">6.</td>
<td style="white-space: nowrap; padding-right: -9pt; padding-left: 5.4pt">Tapestry, Inc.</td>
<td id="xdx_985_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--TapestryIncMember_zx43Qr8tjW" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.06%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">7.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Bank of America Corp.</td>
<td id="xdx_980_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--BankOfAmericaCorpMember_zeAJiEOYopNf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.61%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">8.</td>
<td style="white-space: nowrap; padding-right: -9.55pt; padding-left: 5.4pt">Valero Energy Corp.</td>
<td id="xdx_984_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--ValeroEnergyCorpMember_zr6l3U6BPByh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.33%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt">9.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Gilead Sciences, Inc.</td>
<td id="xdx_989_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--GileadSciencesIncMember_ztFtipKtBJZ7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.03%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: -6.75pt; padding-left: 5.4pt">10.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Cencora, Inc.</td>
<td id="xdx_985_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member__oef--LargestHoldingAxis__custom--CencoraIncMember_zWvujYckwqsc" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.90%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Total % of Net Assets</td>
<td id="xdx_984_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216314Member_zJbaZKLiXxbj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">48.95%</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="text-transform: uppercase"> </span></p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; text-transform: uppercase">*
</span>Excludes short-term investments.</p>
0.1110
0.0747
0.0493
0.0435
0.0417
0.0406
0.0361
0.0333
0.0303
0.0290
0.4895
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Material Fund
Changes</span></b></span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">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.</p>
www.oelschlagerinvestments.com
1-877-593-8637
TOWPATH TECHNOLOGY FUND
INSTITUTIONAL CLASS
TOWTX
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">ADDITIONAL INFORMATION</span></b></span></p>
<p style="font: 9pt Century Gothic,sans-serif; margin: 0"> </p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This <span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20251201__20260531__oef--ClassAxis__custom--C000216315Member_zNSeOL9dPM25">semi-annual
shareholder report</span> contains important information about the Towpath Technology Fund - Institutional Class - TOWTX (the “Fund”)
for the period December 1, 2025 to May 31, 2026. <b>This report describes changes to the Fund that occurred during the reporting period</b>.</p>
semi-annual shareholder report
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">You can find additional information about the Fund
at <span id="xdx_900_eoef--AddlInfoWebsite_c20251201__20260531__oef--ClassAxis__custom--C000216315Member_zMlFtmtD7QL7">www.oelschlagerinvestments.com</span>. You can also request this information by contacting us at <span id="xdx_908_eoef--AddlInfoPhoneNumber_c20251201__20260531__oef--ClassAxis__custom--C000216315Member_zCzyjX0aSEq3">1-877-593-8637</span>.</p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
www.oelschlagerinvestments.com
1-877-593-8637
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">expense Information</span></b></span></p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0"><b>What were the Fund costs for the past six months?</b></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">(based on a hypothetical $10,000 investment)</p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 55%; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Class Name</span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 21%; padding-right: -7.5pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs of a $10,000 investment</b></span></td>
<td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Costs paid as a percentage of a $10,000 investment</b></span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Institutional Class</span></td>
<td id="xdx_98C_eoef--ExpensesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216315Member_zg9CFbkydqNb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$59</td>
<td id="xdx_986_eoef--ExpenseRatioPct_c20251201__20260531__oef--ClassAxis__custom--C000216315Member_zYnuCwpAuwi4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1.10%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
59
0.0110
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">PORTFOLIO ILLUSTRATION</span></b></span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following chart gives a visual breakdown of the
Fund by investment type or industry of the underlying securities as of May 31, 2026, represented as a percentage of the portfolio of investments.
Below categories are from Morningstar®.</p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"><img alt="" src="techpie.jpg" style="height: 539px; width: 812px"/></span></p>
<p style="font: 1pt Century Gothic,sans-serif; margin: 0"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"></p>
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td colspan="2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Towpath Tech. Portfolio Illustration as of
May 31, 2026</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 83%; padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Aerospace & Defense</td>
<td id="xdx_981_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--AerospaceAndDefenseMember_zf87wUfYq1uh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0.30%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Communication Equipment</td>
<td id="xdx_98B_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--CommunicationEquipmentMember_zP3uVUXL9mpj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.79%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Computer Hardware</td>
<td id="xdx_989_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--ComputerHardwareMember_zZdDyZ2dopub" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.04%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consulting Services</td>
<td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--ConsultingServicesMember_zU7CoAXW3OO3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0.63%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Electronics</td>
<td id="xdx_98B_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--ConsumerElectronicsMember_zZlac66GLtri" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.63%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Credit Services</td>
<td id="xdx_982_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--CreditServicesMember_zIdzXBxd2Rjk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.41%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Drug Manufacturers General</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--DrugManufacturersMember_zqNGhmmxhLF1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.03%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Information Technology Services</td>
<td id="xdx_98C_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zxivtR6N7gE4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.02%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Internet Content & Information</td>
<td id="xdx_98E_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--InternetContentAndInfoMember_zTonEwC6YLva" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">17.99%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Internet Retail</td>
<td id="xdx_988_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--InternetRetailMember_z7oqDw3LzJ54" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.71%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td>
<td id="xdx_989_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__us-gaap--MoneyMarketFundsMember_zuLnRqD3YP3b" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.24%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Semiconductor Equipment & Materials</td>
<td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--SemiconductorEquipmentMaterialsMember_zmulZz3hv2oh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.65%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Semiconductors</td>
<td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--SemiconductorsMember_zhazKamXhDeh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.54%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Software Application</td>
<td id="xdx_986_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--SoftwareApplicationMember_z3TPILo24H91" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.66%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Software Infrastructure</td>
<td id="xdx_984_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--SoftwareInfrastructureMember_zHvyuUtTb7ua" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">19.09%</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Telecom Services</td>
<td id="xdx_98B_eoef--PctOfTotalInv_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--IndustrySectorAxis__custom--TelecomServicesMember_zlnZACqhqNTf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.27%</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
0.0030
0.0879
0.0404
0.0063
0.0463
0.0141
0.0203
0.0502
0.1799
0.0371
0.1124
0.0865
0.0254
0.0866
0.1909
0.0127
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">Fund statistics</span></b></span></p>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">NET ASSETS:</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_982_eus-gaap--AssetsNet_iI_c20260531__oef--ClassAxis__custom--C000216315Member_z9q0xXfyMyjh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$9,389,962</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-top: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO HOLDINGS:</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_98B_eoef--HoldingsCount_iI_uHoldings_c20260531__oef--ClassAxis__custom--C000216315Member_z8raoGQ46Ew9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">41</td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-top: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">PORTFOLIO TURNOVER:</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_981_eus-gaap--InvestmentCompanyPortfolioTurnover_c20251201__20260531__oef--ClassAxis__custom--C000216315Member_zazbeVB50Uj8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">5.10%</td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">ADVISOR REIMBURSED THE FUND</span></td></tr>
<tr style="vertical-align: bottom">
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(NET OF WAIVERS):</span></td></tr>
<tr style="vertical-align: bottom">
<td id="xdx_989_eoef--AdvisoryFeesPaidAmt_c20251201__20260531__oef--ClassAxis__custom--C000216315Member_zHJozHOnBr06" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$(1,932)</td></tr>
</table>
<p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p>
9389962
41
0.0510
-1932
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">top ten holdings
(% OF NET ASSETS)*</span></b></span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.</td>
<td style="white-space: nowrap; width: 67%; padding-right: 5.4pt; padding-left: 5.4pt">Alphabet, Inc.</td>
<td id="xdx_980_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--AlphabetIncMember_zz2CO63xYPNc" style="white-space: nowrap; width: 22%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.38%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">KLA Corp.</td>
<td id="xdx_986_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--KlaCorpMember_zDJrjPm7ZnP3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.06%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.</td>
<td style="white-space: nowrap; padding-right: -6.85pt; padding-left: 5.4pt">Ituran Location & Control Ltd.</td>
<td id="xdx_987_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--IturanLocationAndControlLtdMember_zhDTV8Jg5xlb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.58%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Apple, Inc.</td>
<td id="xdx_983_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--AppleIncMember_z1kGkBMdyy6c" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4.62%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5.</td>
<td style="white-space: nowrap; padding-right: -6.25pt; padding-left: 5.4pt">Meta Platforms, Inc. Class A</td>
<td id="xdx_980_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_zspOS2SCVBw4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.50%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Cisco Systems, Inc.</td>
<td id="xdx_988_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--CiscoSystemsIncMember_zBNQ7NPsMdZe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.21%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">NetApp, Inc.</td>
<td id="xdx_984_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--NetAppIncMember_zJyLzEC94dOj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.17%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Zoom Communications, Inc.</td>
<td id="xdx_98E_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--ZoomCommunicationsIncMember_ztPC71ZtkWFi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.98%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Fortinet, Inc.</td>
<td id="xdx_988_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--FortinetIncMember_z43mXFPOalLa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.94%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10.</td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Nutanix, Inc.</td>
<td id="xdx_98D_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member__oef--LargestHoldingAxis__custom--NutanixIncMember_zzXiti8ty6n1" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.72%</td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td>
<td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Total % of Net Assets</td>
<td id="xdx_988_eoef--PctOfNav_iI_c20260531__oef--ClassAxis__custom--C000216315Member_zR8NWAD1kEp6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">47.16%</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">* Excludes short-term investments.</p>
0.1138
0.0706
0.0558
0.0462
0.0350
0.0321
0.0317
0.0298
0.0294
0.0272
0.4716
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b><span style="text-decoration: underline">mATERIAL fUND
cHANGES</span></b></span></p>
<p style="font: 10pt Century Gothic,sans-serif; margin: 0; color: #548ab7"><span style="text-transform: uppercase"><b> </b></span></p>
<p style="font: 9pt Times New Roman, Times, Serif; margin: 0">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.</p>
www.oelschlagerinvestments.com
1-877-593-8637