Mutual fund investing involves risk; principal loss is
possible. Investments in debt securities typically decrease in value
when interest rates rise. This risk is usually greater for longer-term
debt securities. The fund may also use options and futures contracts,
which have the risks of unlimited losses of the underlying holdings due
to unanticipated market movements and failure to correctly predict the
direction of securities prices, interest rates and currency exchange
rates. The investment in options is not suitable for all investors.
The fund may hold restricted securities purchased through private
placements. Such securities can be difficult to sell without
experiencing delays or additional costs.
The Statutory Prospectus contains more complete information, including risks, fees and expenses related to an ongoing investment in the Fund. Read carefully before you invest or send money. You may also obtain a hard copy of the statutory prospectus by calling 866-724-5997.
The Schooner Funds are distributed by Quasar Distributors, LLC.
