Convergence Core Plus

Fund Performance

Convergence Core Plus

Institutional Class 12/29/2009, the Fund’s Inception to 3/31/17

This chart illustrates the performance of a hypothetical $10,000 investment made in the fund's institutional class at inception (12/29/09). Assumes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales charge or redemption fees. This chart does not imply any future performance


Average Annual
Total Returns Through
March 31, 2017
Quarter YTD One Year Three Year Five Year Since Inception
Convergence Core Plus Fund
Institutional Class (MARNX)
1.98% 1.98% 14.55% 7.83% 11.69% 13.62%
Russell 3000 Index 5.74% 5.74% 18.07% 9.76% 13.18% 13.16%

The inception date for the Convergence Core Plus Fund – Institutional class is 12/29/2009

Institutional Class Gross Expense Ratio: 2.24%;  Net of Dividends on Short Positions: 1.26% 

Performance data quoted represents past performance; 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. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-877-677-9414.

The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. You cannot invest directly in an index.


Convergence Opportunities Fund

Institutional Class 11/30/2013, the Fund’s inception to 3/31/17

This chart illustrates the performance of a hypothetical $10,000 investment made in the fund's institutional class at inception (11/30/13). Assumes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales charge or redemption fees. This chart does not imply any future performance.


Average Annual
Total Returns Through
March 31, 2017
Quarter YTD One Year Three Year Five
Year
Since Inception
Convergence Opportunities Fund Institutional Class (CIPOX) -1.14% -1.14% 15.45% 6.86% N/A 6.41%
Russell 2000 Index 2.47% 2.47% 26.22% 7.22% N/A 7.45%

The inception date for the Convergence Opportunities Fund – Institutional class is 11/30/2013

Institutional Class Gross Expense Ratio: 2.63%;ᅠ Net of Dividends on Short Positions: 1.34%

Performance data quoted represents past performance; 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. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-877-677-9414.

Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

The advisor has contractually agreed to waive fees and/or reimburse expenses through November 29, 2016.

The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. You cannot invest directly in an index.

Before you invest in the Convergence funds, please refer to the Summary Prospectus and Prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hardcopy of the statutory prospectus and summary prospectus by calling 1-877-677-9414. The prospectus should be read carefully before you invest or send money.

The funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Mutual fund investing involves risk. Principal loss is possible. Investments in midcap companies involve additional risk such as limited liquidity and greater volatility than larger capitalization companies. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The fund regularly makes short sales of securities, which involves unlimited risk including the possibility that losses may exceed the original amount invested. However, a mutual fund investor’s risk is limited to one’s amount of investment in a mutual fund.

Convergence Investment Partners is the advisor to the Convergence Core Plus Fund, which is distributed by Quasar Distributors, LLC.

Convergence Investment Partners is majority owned by Montage Investments LLC

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