Investment Objective

The investment objective of the Applied Finance Select Fund ("the fund") is long-term capital appreciation.

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.

Investor Class Ticker:

Institutional Class Ticker:

Minimum Investments

Initial investment - Investor Shares: $1,000

Initial investment - Institutional Shares - $10,000

Additional investments - Investor 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.