SilverPepper Merger Arbitrage Fund

Fund Fees

Updated 09.03.2013

Maximum Sales Fees %
Initial
Deferred

Updated 09.03.2013

Maximum Fees %
Administrative
Management 1.5
Redemption 2.0

Updated 09.03.2013

Actual Fees %
12b-1
Management 1.5
Net Expense Ratio: Annual Report
Net Expense Ratio: Prospectus 2.44

Updated 04.22.2014

Total Cost Projections
3-Year $799.00
5-Year
10-Year

Purchase Information

Updated 09.03.2013

Minimum Investments
Initial $500,000.00
Additional $100.00
Initial IRA
Additional IRA
Initial AIP
Additional AIP