Bretton Fund

Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Investors should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund. You may obtain a prospectus here (pdf) or by calling us toll-free at 800.231.2901. The prospectus should be read carefully before investing.

An investment in the fund is subject to investment risks, including the possible loss of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its objectives. Investment in the fund is also subject to market risk, investment style risk, investment advisor risk, market sector risk, equity securities risk, portfolio turnover risk, and small companies risk. More information about these risks and other risks can be found in the fund’s prospectus.

The fund is a nondiversified fund and therefore may be subject to greater volatility than a more diversified investment. The fund's distributor is Rafferty Capital Markets, LLC, which is not affiliated with the fund or the adviser.

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