DYNAMIC FUNDS FOR A DYNAMIC FUTURE

Performance data quoted represents past performance. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For important disclosures and performance current to the most recent calendar month end and quarter end, go to https://abrdynamicf.cuonmds/mutual-funds-3/#tab-2-2.

Prior to December 1, 2020, the ABR 50/50 Volatility Fund (ABRSX) was known as the ABR Dynamic Short Volatility Fund. Prior to then, and in particular during February 2020, the Fund provided investors only short volatility exposure, and did not provide exposure to ABR Dynamic Funds’ long volatility strategy. Such long exposure would have likely reduced the Fund’s negative performance for the period discussed above. The expense ratio for ABRSX is 3.70% gross and 2.50% net after fee waiver and/or expense reimbursement, which contractually remains in effect till 11/30/2021.

The ABR 75/25 Volatility Fund – Institutional Shares (VOLSX) was launched on August 3, 2020. Its expense ratio is 3.25% gross and 1.75% after fee waiver and/or expense reimbursement, which contractually remains in effect till 11/30/2021.

The S&P 500 Index (SPX), is a market-capitalization-weighted index of the 500 largest

U.S. publicly traded companies. The CBOE Volatility Index (VIX) is a real-time index that represents the market’s expectations for the relative strength of near-term price changes of S&P 500 index (SPX). The VIX is a standard measure of the S&P 500 volatility.

All investments involve risk. Principal loss is possible. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. There are risks involved with investing, including the possible loss of principal, obtain a prospectus containing this and other important information please call (855) 422-4518 or download a prospectus at www.abrdynamicfunds.com/documents/. Read the prospectus carefully before you invest. Distributed by Foreside Fund Services, LLC.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

Long/Short Funds do not guarantee a profit.

ABRVX returned +2.22% for the quarter ending 12/31/20, +49.51% for the trailing 12 months ending 12/31/20, and +10.28% (annualized) from inception (8/3/15) to the quarter ending 12/31/20.  Performance data quoted represents past performance, which does not guarantee future results.  Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost; and the current performance may be lower or higher than the performance data quoted.  For performance current to the most recent calendar month ended please go to http://abrdynamicfunds.com/mutual-funds-3/#tab-3-2 .

Please note that the expense ratio for ABRVX is 2.2% gross and 2.0% net after fee waiver and/or expense reimbursement, which contractually remains in effect till 11/30/2021.

The ABR Dynamic Blend Equity & Volatility Fund (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of a benchmark index that measures the investment returns of a dynamic ratio of large-capitalization stocks and the volatility of large-capitalization stocks. The Fund employs a model-driven investment approach to determine a long-only allocation among equities, equity volatility, and cash via instruments that track the S&P 500® Total Return Index, the S&P 500® VIX Short-Term Futures Total Return Index, and cash instruments. The Fund’s investment model is designed to hold each security in approximately the same proportion as its weighting in the ABR Dynamic Blend Equity & Volatility Index Powered by Wilshire ^SM (ABRVXX).  The Fund does not seek to outperform the Index.

INVESTMENT CONSIDERATIONS

There are risks involved with investing including the possible loss of principal. Upon redemption, shares may be worth more or less than the amount originally invested.

The Fund may invest in derivative instruments, and a small investment could have a large potential impact on the performance of the Fund. Furthermore, future contracts have risks associated with index correlation, liquidity, default and margin.  Please refer to the prospectus section Principal Investment Risks for additional risks that could affect the value of your investment.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. To obtain a prospectus containing this and other important information please call (855) 422-4518 or download a prospectus at www.abrdynamicfunds.com/documents/.  Read the Fund’s prospectus carefully before you invest. Distributed by Foreside Fund Services, LLC.

ABRVX returned +2.22% for the quarter ending 12/31/20, +49.51% for the trailing 12 months ending 12/31/20, and +10.28% (annualized) from inception (8/3/15) to the quarter ending 03/31/20. ABRSX returned +21.48% for the quarter ending 12/31/20, +5.69% for the trailing 12 months ending 12/31/20, and 1.74% (annualized) from inception (10/2/17) to the quarter ending 12/31/20. Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost; and the current performance may be lower or higher than the performance data quoted. For performance current to the most recent calendar month ended please go to http://abrdynamicfunds.com/mutual-funds-3/#tab-3-2 .

Please note that the expense ratios for ABRVX are 2.2% gross and 2.0% net and for ABRSX are 3.7% gross and 2.5% net after fee waiver and/or expense reimbursement, which contractually remains in effect till 11/30/2021.

The ABR Dynamic Blend Equity & Volatility Fund (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of a benchmark index that measures the investment returns of a dynamic ratio of large-capitalization stocks and the volatility of large capitalization stocks. The Fund employs a model-driven investment approach to determine a long-only allocation among equities, equity volatility, and cash via instruments that track the S&P 500® Total Return Index, the S&P 500® VIX Short-Term Futures Total Return Index, and cash instruments. The Fund’s investment model is designed to hold each security in approximately the same proportion as its weighting in the ABR Dynamic Blend Equity & Volatility Index Powered by Wilshire SM (ABRVXX). The Fund does not seek to outperform the Index. The ABR Dynamic Short Volatility Fund (the “Fund”) seeks long-term capital appreciation. The Fund employs a proprietary investment model to seek to capitalize on the long-term historical downward trend of the price of VIX Index futures, while mitigating the effect of sudden price appreciation in VIX Index futures. The Fund’s assets are invested primarily in securities and derivative instruments that, to varying degrees, provide short exposure to VIX Index futures and exchange traded products, long exposure to long-term U.S. Treasury securities, and cash.

INVESTMENT CONSIDERATIONS There are risks involved with investing including the possible loss of principal. Upon redemption, shares may be worth more or less than the amount originally invested. ABRSX is non-diversified, and fluctuations in individual holdings will have a greater impact on the Fund’s performance. The Funds may also invest in derivative instruments, and a small investment could have a large potential impact on the performances of the Funds. Furthermore, future contracts have risks associated with index correlation, liquidity, default and margin. Please refer to the prospectus section Principal Investment Risks for additional risks that could affect the value of your investment. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information please call (855) 422-4518 or download a prospectus at https://abrdynamicfunds.com/documents/. Read the Funds’ prospectus carefully before you invest. Distributed by Foreside Fund Services, LLC.

The turn of phrase in the article’s title is not meant to suggest that there is any guarantee of protection for a portfolio from liquid alts.  Some liquid alts have performed poorly.  However, the article contains compelling reasons for including this strategy in a portfolio.

Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost; and the current performance may be lower or higher than the performance data quoted.  For performance current to the most recent calendar month ended please go to http://abrdynamicfunds.com/mutual-funds-3/#tab-3-2 .

Please note that the expense ratio for ABRVX is 2.2% gross and 2.0% net after fee waiver and/or expense reimbursement, which contractually remains in effect till 11/30/2021.

The ABR Dynamic Blend Equity & Volatility Fund (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of a benchmark index that measures the investment returns of a dynamic ratio of large-capitalization stocks and the volatility of large-capitalization stocks. The Fund employs a model-driven investment approach to determine a long-only allocation among equities, equity volatility, and cash via instruments that track the S&P 500® Total Return Index, the S&P 500® VIX Short-Term Futures Total Return Index, and cash instruments. The Fund’s investment model is designed to hold each security in approximately the same proportion as its weighting in the ABR Dynamic Blend Equity & Volatility Index Powered by Wilshire ^SM (ABRVXX).  The Fund does not seek to outperform the Index.

INVESTMENT CONSIDERATIONS

There are risks involved with investing including the possible loss of principal. Upon redemption, shares may be worth more or less than the amount originally invested.

The Fund may invest in derivative instruments, and a small investment could have a large potential impact on the performances of the Fund. Furthermore, future contracts have risks associated with index correlation, liquidity, default and margin.  Please refer to the prospectus section Principal Investment Risks for additional risks that could affect the value of your investment.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information please call (855) 422-4518 or download a prospectus at www.abrdynamicfunds.com/documents/.  Read the Funds’ prospectus carefully before you invest. Distributed by Foreside Fund Services, LLC.