Summary Prospectus

Semi-Annual Reports

BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. 

THERE ARE RISKS INVOLVED TO INVESTING, INCLUDING POSSIBLE LOSS TO PRINCIPAL. CONCENTRATION IN A PARTICULAR INDUSTRY OR SECTOR WILL SUBJECT THE FUNDS TO LOSS DUE TO ADVERSE OCCURENCES THAT MAY AFFECT THAT INDUSTRY OR SECTOR. GENERALLY FIXED INCOME SECURITIES DECREASE IN VALUE IF INTEREST RATES RISE AND INCREASE IN VALUE IF INTEREST RATES FALL, WITH LONGER-TERM SECURITIES BEING MORE SENSITIVE THAN SHORTER-TERM SECURITIES. THESE RISKS ARE GREATER DURING PERIODS OF RISING INFLATION. HIGH YIELD BONDS ARE DEBT SECURITIES RATED BELOW INVESTMENT GRADE (OFTEN CALLED “JUNK BONDS”). JUNK BONDS ARE SPECULATIVE, INVOLVE GREATER RISKS OF DEFAULT, DOWNGRADE, OR PRICE DECLINES AND ARE MORE VOLATILE AND TEND TO BE LESS LIQUID THAN INVESTMENT-GRADE SECURITIES. SEE THE PROSPECTUS FOR SPECIFIC RISKS REGARDING THE FUND.

Annual Reports

Multi Asset Strategy HOldings SUmmary

Fund Literature & Opening an account

Prospectus & SAI

The Gripman Absolute Value Balanced Fund has closed, if you would like any historical or tax literature mailed to you, please call Shareholder Services at 1-844-332-3220.  Gripman Investment Advisors offers separate account portfolio management and can assist potential clients in setting up their accounts.  Please call 1-844-474-7626 for more information.