Investment Objective

The investment objective of the Applied Finance Explorer Fund (the “Fund”) is long-term capital appreciation.

Principal Investment Strategy

The Fund invests primarily in equity securities of U.S. and foreign companies of a size similar to those in the Russell 2000® Index.

In choosing investments, Applied Finance Research & Trading, LLC (the “Adviser”) typically selects equity securities that it believes offer superior return potential and may consider, among other factors, a company’s valuation, projected future earnings, growth potential, recent performance, and business strategy.

The Fund seeks to diversify its investments across a broad spectrum of economic sectors in an attempt to reduce portfolio volatility and investment risk without sacrificing potential returns. In selecting securities within a particular sector, the Adviser’s goal is to identify companies that it believes have the potential for superior performance within each sector.

Investor Shares Ticker:

Institutional Shares Ticker:

Minimum Investments

Initial investment - Investor Shares is $1,000

Initial investment - Institutional Shares: $10,000

Additional investments - Investor Shares and Institutional Shares: $100 or more

Shareholder Services: (800) 673-0550

Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is contained in the Fund’s prospectus and summary prospectus, which may be obtained online or by calling 1-800-673-0550. Please read and carefully consider the prospectus before investing. Distributed by First Dominion Capital Corp., Richmond, VA. Member FINRA/SIPC.