*Free Cash Flow represents the cash a company can generate after required investment to maintain or expand its asset base.
|Total Returns as of 9/30/19*||QTD||YTD||1yr||3 yr||5 yr||10 yr||Since Inception (9/28/07)|
|Prospector Opportunity Fund||0.91%||20.30%||7.17%||12.28%||10.46%||11.56%||9.28%|
|Russell 2000 Index||-2.40%||14.18%||-8.89%||8.23%||8.19%||11.19%||6.83%|
|Russell Midcap Index||0.48%||21.93%||3.19%||10.69%||9.10%||13.07%||8.11%|
Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. The fund imposes a 2.00% redemption fee on redemption of shares held 60 days or less. Performance data does not reflect the redemption fee. If reflected, total return would be reduced. Performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained by calling 877-734-7862.
* Periods greater than 1 year are annualized.
The Prospector Opportunity Fund gross expense ratio is 1.44% and the net expense ratio is 1.26%. The Investment Advisor has contractually agreed to reimburse certain expenses of the Funds through September 30, 2020.
The Russell 2000 Index is an unmanaged small-cap index that measures the performance of the 2,000 smallest companies in the Russell 3000 Index. You cannot invest directly in an index.
The Russell Midcap Index is an unmanaged mid-cap index that measures the performance of the 800 smallest companies in the Russell 1000 Index. You cannot invest directly in an index.