(1) Represents the percentage increase/decrease in the net asset value from the prior trading day.
(2) Performance for periods less than one year is not annualized.
(3) The maximum sales charge for Class A Shares is 5.75%. Class A Share investors may be eligible for a reduction in sales charges.
(4) Inception date of the Pinnacle Sherman Tactical Allocations Fund is June 3, 2013. The Inception date of the Pinnacle Sherman Multi-Strategy Core Fund is October 1, 2015.
The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements for the Pinnacle Sherman Tactical Allocation fund, is 3.26% for Class A, 4.01% for Class C and 3.01% for Class I.
The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements for the Pinnacle Sherman Multi-Strategy Core Fund, is 2.06% for Class A, 2.81% for Class C and 1.81% for Class I.
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value 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. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until July 31, 2016 for the Pinnacle Sherman Tactical Allocation Fund and at least until July 31, 2017 for the Pinnacle Sherman Multi-Strategy Core Fund, to ensure that the net annual fund operating expenses of either fund will not exceed 1.49% for Class A, 2.24% for Class C and 1.24% for Class I, subject to possible recoupment from the Fund in future years. Please review the Fund’s Prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month end, please call toll-free 1-888-985-9830.