For more information about the Perkins Discovery Fund, please call:
For Shareholder Services
please call Commonwealth
Fund Services, Inc. at:
PROSPECTUS, SUMMARY PROSPECTUS, STATEMENT OF ADDITIONAL INFORMATION AND OTHER FORMS
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ANNUAL AND SEMI-ANNUAL REPORTS
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Important Disclosures, Please Read
Investors should consider the investment objectives, potential risks, management fees and charges and expenses carefully before investing. This and other information is contained in the Fund's prospectus, which may be obtained by calling 1-800-673-0550. Please read and carefully consider the prospectus before investing. Distributed by Foreside Fund Services, LLC.
Past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data current to the most recent month end may be obtained by calling 1-800-673-0550.
The information provided is subject to change daily. It is provided for informational purposes only does not constitute an offer to sell, or the solicitation of an offer to buy any securities and must not be relied upon in connection with any investment decision.
Important Risk Disclosure
There is a risk that you could lose all or a portion of your investment in the Fund. The following principal risks associated with the fund can affect the value of your investment: General Market Risk: The market price of a security may fluctuate, sometimes rapidly and unpredictably. These fluctuations may cause a security to be worth less than its cost when originally purchased or less than it was worth at an earlier time. Equity Risk: Since the Fund purchases equity securities, it is subject to the risk that stock prices will fall over short or extended periods of time. Historically, the equity markets have moved in cycles, and the value of the Fund's equity securities may fluctuate drastically from day to day. Individual companies may report poor results or be negatively affected by industry and/or economic trends and developments. The prices of securities issued by such companies may suffer a decline in response. These factors contribute to price volatility. Management Risk: The Adviser may fail to implement the Fund's investment strategies and meet its investment objective. Smaller Companies Risk: Investing in securities of smaller companies including micro-cap, smallcap, medium-cap and less seasoned companies often involve greater volatility than investing in larger, more established companies and these securities may be less liquid than other securities. Small Portfolio Risk: Although the Fund is diversified, from time to time, it holds a relatively small number of securities (i.e., under 40). As a result, an increase or decrease in the value of a single security held by the Fund may have a greater impact on the Fund's net asset value and total return. Each of the preceding risks are discussed in the prospectus. Please see the prospectus for more complete information regarding these and other risks associated with the fund.