Acuitas Funds

The Funds pursue their investment objective using a multi-manager process by allocating assets among one or more high confidence managers that invest in inefficient segments of the equity markets. Acuitas will select the Funds’ subadvisers using our manager research and selection process which seeks to identify investment managers that we believe are likely to achieve strong performance over a market cycle. We believe our ongoing monitoring and upgrading of portfolios improves our ability to meet clients’ investment goals and provides a long-term investment in capacity constrained markets.

Acuitas US Microcap Fund

The Acuitas US Microcap Fund invests in microcap companies which typically have market capitalizations of $1 billion or less. The Fund seeks to remain invested down the cap spectrum to take advantage of market inefficiencies in a segment of the market that many institutional investors ignore.

Ticker Symbol: AFMCX
CUSIP: 34984Y807
Minimum: Institutional - $250,000
Inception Date: July 18, 2014
Benchmark: Russell Microcap Index
Expense Ratio: Institutional - 1.70% (Gross 1.87%)

Fund Fact Sheet

Acuitas International Small Cap Fund

The Acuitas International Small Cap Fund invests in companies outside the U.S., including emerging markets, with market capitalization of less than $4 billion at time of purchase. Acuitas believes small cap companies outside the U.S. tend to be overlooked by most institutional investors and provide attractive investment opportunities for managers that are willing to seek out and research these companies.

Ticker Symbol:   AISCX
CUSIP: 349484Y609
Minimum: Institutional - $250,000
Inception Date: July 18, 2014
Benchmark: FTSE Global Small Cap Ex-US Index
Expense Ratio: Institutional - 1.50% (Gross 2.43%)

Fund Fact Sheet

Investment Considerations:
There can be no guarantee that any strategy (risk management or otherwise) will be successful. All investing involves risk, including potential loss of principal.

Equity: Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of these Funds will fluctuate as the value of the securities in the portfolio changes.

Emerging Markets: Investments in emerging markets may be subject to additional economic, political, liquidity and currency risks not associated with more developed countries.

Before investing you should carefully consider the Funds' investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which can be obtained by calling (844) 805-5628. Please read the prospectus carefully before you invest.

The Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Acuitas Investments, LLC is the investment adviser for the Acuitas Funds. Acuitas Funds are distributed by Foreside Fund Services, LLC.