Mutual fund investing involves risks. Loss of principal is possible.

This material should not be interpreted as an offer of any other funds mentioned. Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security. Please click here for the Equity or here for the Value Fund recent holdings.

Neither the information contained herein nor any opinion expressed shall be construed to constitute an offer to sell or solicitation to buy any securities mentioned herein. The views herein are those of the portfolio managers at the time their comments were made and may not be reflective of current conditions.

Mutual fund investing involves risks. Loss of principal is possible. The funds may invest in the securities of small companies which exposes investors to additional risk, including security price volatility and less liquidity than investing in larger companies. The funds may invest in foreign securities, which exposes investors to economic, political, and market risks and fluctuations in foreign currencies. Masters’ Select Value fund is a nondiversified fund, which means that it may concentrate more of its assets in fewer individual holdings than a diversified fund. The Value fund may invest in a portion of its assets in securities of distressed companies, including debt obligations. Debt obligations of distressed companies typically are unrated, lower rated, in default, or close to default and may become worthless.

For industry terms and definitions, click here.

Masters’ Select Funds are distributed by Quasar Distributors LLC.