The Fund’s primary objective is to achieve long-term capital appreciation.

The Fund intends to achieve its investment objective by investing, under normal circumstances, at least 80% of its total assets in equity securities of publicly listed companies that are primarily engaged in private equity. The Fund seeks to provide exposure to listed private equity securities on a global basis including venture capital, expansion and buy-out capital as well as mezzanine debt, special situations, and investment banking firms.

The Fund’s investment universe consists of securities of all market capitalizations and may include large-, mid-, small- and micro- cap companies. Vista, the fund’s investment advisor, selects equity securities based on fundamental, bottom-up research. The Fund’s strategy is geared towards companies engaged in private equity or supporting the activities of private equity participants that Vista believes will be able to grow earnings and revenues for long-term stock appreciation. Vista strives to control risk by overall asset allocation, diversification and by conducting valuation analysis to avoid overpayment for a security. In managing the Fund, Vista seeks to diversify across a variety of industries that participate in the private equity sector in order to minimize industry specific risk. As with any mutual fund, there is no guarantee that the Fund will achieve its goal.

Mutual fund investing involves risks. The Fund’s returns will vary and you could lose money on your investment in the Fund. Principal is not guaranteed by a bank. Shares of the fund are not insured by the FDIC. The Fund is newly organized and may be subject to substantial short-term changes.

Investing in smaller capitalized companies is subject to more abrupt or erratic market movements than larger, more established companies. Investing in foreign securities involves currency risk, different accounting standards and is subject to political instability.

Investing in shares of other investment companies that invest in securities and styles similar to the Fund, result in a generally higher investment cost than from investing directly in the underlying shares of these funds.

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. This and other important information is contained in the Fund’s prospectus and it may be viewed or obtained by calling 1.877.477.7373 Read it carefully before investing. Please consult an investment professional for advice regarding your particular circumstances. An investment in the Funds is not suitable for all investors. Distributed by Matrix Capital Group Inc. May 2007