Principal Investment Strategy

The Toreador Select Fund invests primarily in equity securities of U.S. companies whose market capitalizations are, at the time of purchase, similar to those in the S&P 500® Index. In choosing investments, Toreador Research & Trading, LLC (the “Adviser”) employs a proprietary stock selection model that ranks stocks according to fundamental criteria that the Adviser believes are indicative of company strength and superior risk/return profile. These criteria may include intrinsic value, management quality, leverage and free cash flow, earnings quality, return on assets, return on equity and return on capital. The Fund will normally invest across a majority of the economic sectors represented in the S&P 500® Index, in approximately the same percentages as each such sector is represented in the Index.

Retail Class Ticker:


Minimum Investments

Initial investment - Retail Shares: $1,000

Initial investment - Institutional Shares - $10,000

Additional investments - Retail Shares: $100 or more

Additional investments - Institutional Shares: $100 or more

Shareholder Services: (800) 673-0550

Past performance is no guarantee of future results. Your Fund shares, when redeemed, may be worth more or less than their original cost. The Fund's investment objective, risks, charges and expenses must be considered carefully before investing; The prospectus contains this and other information about the investment company and may be obtained by calling (800) 673-0550. The prospectus should be read carefully before investing. There is no guarantee the Fund will achieve its stated investment objective. The Toreador Funds are distributed by First Dominion Capital Corp., Richmond, Virginia. (Member FINRA)