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Contravisory Strategic Equity Fund Daily NAV as of 5/18/12	Class	Ticker	CUSIP	NAV	$ Change
	Investor	CSEFX	74316J730	$8.97	-0.06
	Institutional	CSSFX	74316J748	$8.97	-0.06

Prospectus   |   Summary Prospectus   |   Statement of Additional Information

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Mutual fund investing involves risk. Principal loss is possible. The Fund may invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility than large companies. The Fund may invest in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. The Fund may invest in ETFs, which are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a discount to it net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund's ability to sell its shares.

Before you invest in the Contravisory Fund, please refer to the statutory and summary prospectuses for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain hard copies of the prospectuses, which contains this and other important information about the investment company, by calling 1-855-558-8818. The prospectuses should be read and considered carefully before you invest or send money.

The Fund is 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.

The Contravisory Strategic Equity Fund is distributed by Quasar Distributors, LLC.