BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS,
CHARGES AND
EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED FROM https://grannyshots.com. PLEASE
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.
The principal risks of investing in the Fund are summarized below. As with any investment, there is a
risk that you could lose all or a portion of your investment in the Fund. Some or all of these risks may
adversely affect the Fund's net asset value per share ("NAV"), trading price, yield, total return,
and/or ability to meet its investment objective. For more information about the risks of investing in
the Fund, see the section in the Fund's Prospectus titled "Additional Information About the
Fund-Principal Risks of Investing in the Fund."
Equity Market Risk. Common stocks are generally exposed to greater risk than other types of securities,
such as preferred stock and debt obligations, because common stockholders generally have inferior rights
to receive payment from specific issuers.
Models and Data Risk. The composition of the Fund's portfolio is heavily dependent on investment models
developed by the Sub-Adviser as well as information and data supplied by third parties ("Models and
Data"). When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon
may lead to the inclusion or exclusion of securities from the Fund's portfolio that would have been
excluded or included had the Models and Data been correct and complete.
Operational Risk. The Fund is subject to risks arising from various operational factors, including, but
not limited to, human error, processing and communication errors,errors of the Fund's service providers,
counter parties or other third-parties, failed or inadequate processes and technology or systems
failures. The Fund relies on third-parties for a range of services, including custody.
New Fund Risk. The Fund is a recently organized management investment company with no operating history.
As a result, prospective investors do not have a track record or history on which to base their
investment decisions.
Foreside Fund Services, LLC distributor.