APEXcm Small/Mid Cap Growth Fund

Investment Approach

The APEXcm Small/Mid Cap Growth Fund (the “Fund”) is an institutional, no-load fund. The Fund’s investment objective is to achieve long-term capital growth. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of common stocks of small and mid-cap growth-oriented companies that are selected for their long-term capital appreciation potential and which are expected to grow faster than the U.S. economy. For more information on the Fund, please visit its website at APSGX – Mutual Fund.

The Fund invests primarily in small capitalization equity securities which, like all equity securities, carry the potential for unpredictable drops in value and periods of lackluster performance. Small capitalization companies may involve greater risks than large capitalization companies because these companies may lack the management experience, financial resources, product diversification and competitive strengths of larger companies. Small capitalization companies may be subject to greater price fluctuations and be less liquid compared to larger capitalization companies.
The Fund’s 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 and financial reporting and disclosure standards. In addition, the Fund’s foreign investments may be subject to adverse changes in investment or exchange control regulations, expropriation or confiscatory taxation, political or social instability, and nationalization of companies or industries. For additional information on these and other risks, please read the current prospectus.

Mutual Fund investing involves risk, principal loss is possible. An Investor should consider the investment objectives, risk, and charges and expense of the Fund before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at www.apexcmfund.com or by calling the Fund directly at 1.888.575.4800. The prospectus should be read carefully before investing.

Distributed by Ultimus Fund Distributors, LLC. PO Box 46707, Cincinnati, OH 45246