Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 833-601-2676 or at
IMPORTANT RISK INFORMATION:
As with any mutual fund investment, there is a risk that you could lose money by investing in the Fund. The success of the Fund's investment strategy depends largely upon the Adviser's skill in selecting securities for purchase and sale by the Fund and there is no assurance that the Fund will achieve its investment objective. The Fund was formed in 2022 and has no operating history. In addition, although the principals of the Adviser have investment management experience, none have experience managing an open-end mutual fund prior to the Fund.
Investments in options involve risks different from, or possibly greater than, the risks associated with investing directly in the underlying securities.
Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to new competitive challenges, such as changes in technology and consumer tastes, and may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion.
Volatility: A statistical measure of dispersion of returns.
Covered call: Selling a call option on an underlying long held security.
Protective put: Purchase of a put option vs a long underlying equity position or broad index that is not necessarily held. Put spreads: purchase near strike put while selling another lower strike put. Defined percentage protection against downside participation with market weakness. Usually initiated vs broad market index.
The Connors Hedged Equity Fund is distributed by Ultimus Fund Distributors, LLC. (Member FINRA) Connors Investor Services and Ultimus Fund Distributors, LLC are separate and unaffiliated.