River Oak Discovery Fund seeks long-term capital growth by investing primarily in stocks of smaller companies selected for their growth potential.

River Oak Discovery is a small cap growth fund that seeks growth primarily in smaller companies (less than $3 billion in market capitalization) that are rapidly growing and may not yet be fully discovered by Wall Street. The Fund invests in companies that have cutting edge products, visionary management, and the ability to bring innovation to both new and established industries. The Fund is most appropriate for an investor who seeks a diversified way to participate in the growth potential of smaller capitalization companies.

The manager’s investment process involves a combined approach of “top-down” analysis and “bottom-up” stock selection. The “top-down” approach takes into consideration long-term investment themes, such as globalization, demographics, productivity and innovation. As a result of the “top-down” analysis, the manager identifies sectors, industries and companies which it believes should benefit from the overall themes that the manager has observed. As part of the “bottom-up” stock selection, the investment process involves looking for individual companies with earnings growth potential that should exceed the earnings growth rate of the overall market over the long-term, and that may not be fully recognized by the market at large. The manager evaluates a number of different attributes, including the company’s specific market expertise or dominance, its competitive durability and pricing power, solid fundamentals, strong and ethical management, apparent commitment to shareholder interests, earnings growth rates that exceed those of the overall market and what the manager believes to be above-average growth potential with sustainable competitive advantage.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please click on the individual fund name in the Fund Center on the homepage or call 1-888-462-5386. Holdings are subject to change.

The Advisor has contractually agreed for a period of 1 year from the date of the prospectus to waive all or a portion of its fee for the Fund (and to reimburse expenses to the extent necessary) in order to limit Fund total operating expenses to 1.35%. The Total Annual Fund Operating Expenses for RIVSX is 1.57%.

All returns for periods greater than one year are annualized. If the Fund is less than 1 year old, cumulative since inception returns are shown. If the Fund is less than 10 years old, annualized return since inception is shown. All year-to-date returns are cumulative.

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