CWCFX

Christopher Weil & Co Core Investment Fund
This diversified fund seeks long-term capital appreciation by investing in what we believe to be undervalued securities of companies with market capitalizations exceeding $1 billion.




Management





Important Disclosures

The Fund invests primarily in common stocks which subjects the Fund to the risks associated with common stocks, including the loss of money. To the extent the Fund invests in small and medium capitalization companies, the Fund may be subject to considerably more risk. The Fund invests in undervalued securities and there is no way to predict when, if ever, undervalued securities may return to favor. Therefore, investors should purchase shares of the Fund only if they intend to be patient, long-term investors. The Fund may invest a portion of its net assets in foreign securities, which may involve currency, political, economic, and other risks not associated with U.S. Investments. Investing in securities of companies located or operating in emerging markets generally also is riskier than investing in securities of companies located or operating in developed countries. If the Fund invests a significant portion of assets in a particular sector, the Fund is subject to the risk that companies in the same sector are likely to react similarly to legislative or regulatory changes, adverse markets conditions and/or increased competition affecting that market segment. The Fund may engage in option transactions which involves risk that such instruments may not work as intended due to unanticipated developments and may magnify the increase or decrease of the performance of the Fund, and may also subject the Fund to higher price volatility.

Diversification does not guarantee a profit or prevent loss.

The securities identified and described may or may not represent all of the securities purchased, sold or recommended for the fund or client accounts. The data presented is as of the date of this overview only and may be superseded by subsequent market events and or other factors. The reader should not assume that an investment in the securities identified was or will be profitable. The portfolio holding listing (the "listing") provides information on a fund's investments as of the date indicated.

The listing is not part of a fund's annual/semiannual report or Form N-Q and has not been audited. The information provided in this listing may differ from a fund's holdings disclosed in its annual/semiannual report and Form N-Q. For fiscal quarter ends, a fund's investments include trades executed through the end of the last business day of the period. For periods other than fiscal quarter ends the listing includes trades executed through the end of the prior business day. Information in the listing is unaudited.

The most recent annual/semiannual report can be viewed at www.cweil.com or on the SEC's web site at www.sec.gov. Forms N-Q is available on the SEC's web site at www.sec.gov.

Consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Fund’s prospectus contains this and other information and should be read and considered carefully before investing.You may obtain a current copy of the Fund’s prospectus by calling 1-888-550-9266 or by visiting www.cweil.com.

Christopher Weil & Company, Inc. is an investment advisor registered with the SEC. Distributed by Rafferty Capital Markets, LLC—Garden City, NY 11530.