The Fund will invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities issued by biblically aligned companies. Asterozoa Capital Management, LLC (the “Sub-Adviser”) actively manages the Fund with opportunistic credit strategy focused on security selection within corporate debt and securitized products. By deploying a multi-step investment process, the Sub-Adviser combines macroeconomic, quantitative, and fundamental research, the Fund seeks to generate alpha that diversifies the traditional investment portfolio. The Fund invests primarily in fixed income securities (such as U.S. Government Sponsored Enterprises (“GSEs”)). The Sub-Adviser is responsible for fixed income security selection and for the Fund’s derivatives strategy.

Under normal circumstances, the Fund invests primarily in income producing securities, including U.S. and foreign investment grade corporate bonds, common stock and preferred stock, bonds issued by the U.S. Treasury, and asset-backed and mortgage-backed securities and other securitized products. The Sub-Adviser selects the fixed income securities based on fundamental, bottom-up research. Bottom-up research refers to the Sub-Adviser’s evaluation of individual issuers based on company fundamentals, financial condition, and market positioning (as opposed to top-down approach which relies primarily on a macroeconomic or sector-wide focus). In its bottom-up research, the Sub-Adviser develops an internal rating and outlook on securities of biblically aligned companies.  The Sub-Adviser may sell an investment if the issuer’s credit quality or other fundamental characteristic declines, if the investment does not perform as expected, or to adjust the asset allocation or when it believes a different investment presents a more attractive risk return opportunity. The Fund targets fixed income securities with varied maturities, durations, and quality requirements. Duration is a measure of price sensitivity of a debt security or a portfolio of debt securities to relative changes in interest rates. For instance, a duration of “five years” means that a security’s or portfolio’s price would be expected to decrease by approximately 5% with a 1% increase in interest rates (assuming a parallel shift in yield curve). Maturity is the period during which its owner will receive interest payments on the investment. With respect to a bond’s quality, the Sub-Adviser references the grade given to a bond by a rating service that indicates its credit quality. The rating takes into consideration a bond issuer’s financial strength or its ability to pay a bond’s principal and interest in a timely fashion.

The Fund may use derivatives, such as futures, foreign exchange derivatives, options, and swaps, to increase or decrease its exposure to changing security prices or other factors that affect security values, to enhance income, to hedge against certain risks, or to keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to a market.

The Sub-Adviser identifies securities of biblically aligned companies whose products, processes, and priorities align with Christian values and positively impact the world. The Sub-Adviser strives to construct and maintain a portfolio that avoids investments in companies that manufacture or distribute products or services or otherwise engage in activities that that the Sub-Adviser believes conflict or are inconsistent with Christian values, such as abortion, embryonic stem cell research/human cloning, human rights violations, pornography, alcohol, tobacco, and/or gambling. The Sub-Adviser seeks to identify securities of biblically aligned companies. If, through its screening process, the Sub-Adviser determines that a company’s activities conflict with biblically aligned companies, the company will be excluded from consideration for investment by the Fund.

The Sub-Adviser also conducts ongoing monitoring of companies held in a Fund’s portfolio to assess whether they continue to meet the Fund’s requirements regarding biblically aligned companies. If the Sub-Adviser determines that a portfolio company no longer meets these requirements, the Sub-Adviser will evaluate the position and may seek to sell or otherwise exit the investment within a reasonable period of time, taking into consideration market conditions and the best interests of the Fund and its shareholders.

The Fund may invest up to 10% of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Sub-Adviser’s opinion, there are not sufficient investment opportunities.

The Fund may engage in active and frequent trading of portfolio securities in implementing its principal investment strategies.

Vident Asset Management serves as the trading sub-adviser for the Fund and is responsible for trading portfolio securities for the Fund, including selecting broker-dealers to execute purchase and sale transactions.