Flexible Capital Fund
Performance1 as of 12/31/2018
||Average Annualized Returns
Please swipe to view entire table
1 For a performance comparison as of the most recent quarter-end click here. Performance data quoted represents past performance. Investment return and principal will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance information quoted. A Fund's performance, especially for short time periods, should not be the sole factor in making an investment decision.
Please consider the Fund's investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Fund, click here or call 888-860-8686. Please read the prospectus carefully before investing.
2 The S&P 500 Index is a registered trademark of S&P and is an unmanaged broadly-based index of the common stock prices of 500 large U.S. companies, and includes the reinvestment of dividends. The index is unmanaged and not available for direct investment. For comparison purposes, it should be noted that the S&P 500 Index does not charge fees and has no expenses.
3 Lipper Inc., A Reuters Company, is a nationally recognized organization that measures the performance of mutual funds within a universe of funds that have similar investment objectives. Returns are historical with capital gains and dividends reinvested. The Lipper Flexible Portfolio Fund Index is an unmanaged index that, by portfolio practice, allocates its investments across various asset classes, including both domestic and foreign stocks, bonds, and money market instruments, with a focus on total return. At least 25% of its portfolio is invested in securities traded outside of the United States.
of the Fund's 1/31/18 prospectus; 1.47% gross, 1.45% net. Marsico Capital
Management, LLC, the investment adviser to the Fund (the "Adviser"),
has entered into a written expense limitation and fee waiver agreement under
which it has agreed to limit the total expenses of the Flexible Capital Fund
(excluding taxes, interest, acquired fund fees and expenses, litigation,
extraordinary expenses, brokerage and other transaction expenses relating to
the purchase or sale of portfolio investments) to an annual rate of 1.45% of
the Fund’s average net assets until January 31, 2019. This expense limitation
and fee waiver agreement may be terminated by the Adviser at any time after
January 31, 2019 upon 15 days prior notice to the Fund and its administrator,
provided that no such modification will be made in a manner inconsistent with
the terms of the current prospectus. The Adviser may recoup from the Fund fees
previously waived or expenses previously reimbursed by the Adviser with respect
to that Fund pursuant to this agreement (or a previous expense limitation
agreement) if: (1) such recoupment by the Adviser does not cause the Fund, at
the time of recoupment, to exceed the lesser of (a) the expense limitation in
effect at the time the relevant amount was waived and/or reimbursed, or (b) the
expense limitation in effect at the time of the proposed recoupment, and (2)
the recoupment is made within three years after the fiscal year end date as of
which the amount to be waived or reimbursed was determined and the waiver or