Given the significant differences between separately managed accounts and mutual funds, investors should consider the differences in expenses, tax implications and the overall objectives between separately managed accounts and mutual funds before investing. Past performance of the strategy/separately managed account is not indicative of future performance of the fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Canterbury Portfolio Thermostat Funds. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by downloading a prospectus or by calling Shareholder Services at 844.838.2121.  

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Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. The Canterbury Portfolio Thermostat Fund is distributed by Ultimus Fund Distributors, LLC. Investing involves risk, including loss of principal. There is no guarantee that this, or any, investment strategy will succeed. The Fund invests in exchange traded funds (ETF's). An investment in an ETF generally presents the same primary risks as an investment in a conventional fund (i.e. one that is not exchange traded) that has the same investment objectives, strategies, and policies. The price of an ETF can fluctuate up or down, and the Fund could lose money investing in an ETF if the prices of the securities owned by the ETF go down. The underlying ETF's have management and other expenses, and the Fund will bear its pro rata portion of these expenses. The Fund may invest in a small number of ETFs, which may result in increased volatility. Compounding will cause longer term results to vary from the return of the index, particularly during periods of higher index volatility.  

The risks of the Fund will directly correspond to the risks of the Underlying ETFs in which it invests. These risks include currency risk, for securities denominated in foreign currencies, and commodities risk, which may subject an Underlying ETF to greater volatility, particularly if the investment involves leverage. The Fund may also be subject to emerging markets risk. In addition to the risks of foreign investing generally, investments in emerging markets countries have additional and heightened risks due to less stable legal, political, and business frameworks to support securities markets. Investments in emerging market countries are subject to greater price volatility and illiquidity than investments in developed foreign markets. Fixed income investments are affected by a number of risks, including fluctuations in interest rates, credit risk, and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Investments in real estate-related securities involve special risks associated with an investment in real estate, such as limited liquidity and interest rate risks and may be more volatile than other securities.