Swan Defined Risk Fund

Fund Fees

Updated 11.01.2013

Maximum Sales Fees %
Initial 5.5
Deferred

Updated 11.01.2013

Maximum Fees %
Administrative
Management 1.0
Redemption

Updated 11.01.2013

Actual Fees %
12b-1 0.25
Management 1.0
Net Expense Ratio: Annual Report 1.62
Net Expense Ratio: Prospectus 1.78

Updated 07.03.2014

Total Cost Projections
3-Year $1,079.00
5-Year $1,461.00
10-Year $2,529.00

Purchase Information

Updated 11.01.2013

Minimum Investments
Initial $2,500.00
Additional $500.00
Initial IRA $1,000.00
Additional IRA $100.00
Initial AIP
Additional AIP