Auxier Focus Fund Investor Shares A Shares Institutional Shares Value Investment Risk Growth Company Risk Equity Risk Sector Risk Mid Capitalization Company Risk Large Capitalization Company Risk Management Risk Market Events Risk Foreign Investments Risk ADR Risk Cash and Cash Equivalents Risk Fixed-Income Securities Risk High-Yield Securities Risk Convertible Securities Risk Sovereign Debt Risk U.S. Government Securities Risk S&P 500® Index (reflects no deduction for fees, expenses or taxes) S&P 1000® Value Index (reflects no deduction for fees, expenses or taxes)