Phase Capital
Dynamic Multi-Asset Growth Fund

The PhaseCapital Dynamic Multi-Asset Growth Fund applies a dynamic, quantitative approach to its investment strategy in an effort to provide consistent, risk-managed returns across multiple market environments. The fund seeks long-term capital growth as a primary objective, as well as protection of capital during periods of extreme market stress. Our proactive, multi-asset approach to investing seeks out the best opportunities for returns in the global financial markets while managing the always present risks of large losses. Our investment process shifts assets from equities to fixed income and cash when our indicators suggest the risk/reward relationship of equities is unfavorable, and towards equities when our indicators signal a favorable opportunity for capital appreciation with managed downside risks.

The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. Performance data current to the most recent month end is available by calling 1-888-827-4273

Top 10 Holdings

as of 5/31/2018

Name Ticker Weight
S&P500 EMINI FUT Jun18 ESM8 32.84%
US 10YR NOTE (CBT) Sep18 TYU8 21.93%
T 2 ¼ 03/31/20 9128284C1 15.13%
SPDR Blackstone/GSO Senior Loan ETF SRLN 12.15%
PowerShares Senior Loan Portfolio BKLN 12.07%
T 1 ¾ 11/30/19 9128283H1 10.02%
Energy Select Sector SPDR Fund XLE 7.57%
iShares MSCI EAFE Small-Cap ETF SCZ 7.52%
FTSE 100 IDX FUT Jun18 Z M8 6.21%
WisdomTree Japan Hedged Equity Fund DXJ 5.62%

Fund holdings and allocations are subject to change at any time and should not
be interpreted as an offer of these securities.

PhaseCapital is a boutique investment manager that integrates systematic macro insights, a deep understanding of asset markets and advanced quantitative methods to deliver robust and customizable investment solutions to investors.

The firm manages global macro strategies and plans to add credit and tail risk hedging strategies in 2018.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus and Summary Prospectus, which may be obtained by visiting the prospectus and Summary Prospectus carefully before investing.