Dear Investor:
Thank you for your interest in the Autopilot Managed Growth Fund™.
Autopilot Managed Growth Fund™ is a newly created no-load¹, multi-cap equity fund. The Fund’s
investment objective is to seek capital appreciation. As a secondary goal, the Fund seeks to manage
volatility and market risk. The adviser's goal is that shareholders will put their investment in the
Fund on "autopilot" by investing for the long term and deferring day-to-day investment decisions to the
active management of the adviser. The Fund intends to achieve its investment objective by investing
primarily in equity securities of domestically traded companies that the adviser believes have
above-average potential to appreciate in value. The companies may be of any capitalization range. In
addition, the Fund intends to use a number of risk management techniques designed to attempt to reduce
volatility and market risk.
The investment strategies and other information about the fund including its expenses, fees and risks are
discussed in our prospectus. Please read it carefully before
investing.
If you have any questions or need more information, please call the Autopilot Managed Growth Fund™
at 1-866-8AUTOPILOT (1-866-828-8674).
Thank you once again for your interest in the Autopilot Managed Growth Fund™. On behalf of the Fund, we
look forward to working with you for many years to come.
Sincerely,
Peter B. Mauthe
Portfolio Manager
¹ Other fees and expenses do apply to investments in the fund.
As with all mutual funds, there is the risk that you could lose money through your investment in the Fund.
Although the Fund will strive to meet its investment objective, there is no assurance that it will.