Carne Hedged Equity Fund

Fund Fees

Updated 03.01.2014

Maximum Sales Fees %
Initial
Deferred

Updated 03.01.2014

Maximum Fees %
Administrative
Management 0.95
Redemption

Updated 03.01.2014

Actual Fees %
12b-1
Management 0.95
Net Expense Ratio: Annual Report 1.52
Net Expense Ratio: Prospectus 1.52

Updated 04.22.2014

Total Cost Projections
3-Year $480.00
5-Year $829.00
10-Year $1,813.00

Purchase Information

Updated 03.01.2014

Minimum Investments
Initial $100,000.00
Additional $25,000.00
Initial IRA $100,000.00
Additional IRA $25,000.00
Initial AIP $100,000.00
Additional AIP $100.00