An investor should consider the investment objectives, risks, and charges and expenses of the Apex Small/
Mid-Cap Growth Fund carefully before investing. The prospectus contains this and other information about the Fund.
A copy of the prospectus is available by calling the Trust directly at 1.888.575.4800. The prospectus should be
read carefully before investing. The prospectus is also available for your review at www.apexcmfund.com. The Fund
is distributed by Ultimus Fund Distributors, LLC.