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Principal Risk Factors. The main risks of investing in the Fund are: M a r k e t R i s k s . The Funds investments are subject to market risk, so that the value of the Funds investments may decline. If the value of the Funds investments goes down, you may lose money. The share price of the Fund is expected to fluctuate. Your shares at redemption may be worth less than your initial investment. S t o c k S e l e c t i o n R i s k s . The stocks selected for the Fund may decline in value or not increase in value when the stock market in general is rising. E q u i t y S e c u r i t i e s R i s k s . Common stocks and other equity securities generally fluctuate in value based on the earnings of the company and on general industry and market conditions. A fund that invests a significant amount of its assets in common stocks and other equity securities is likely to have greater fluctuation in share price than a fund that invests a significant portion of its assets in fixed income securities. Fore i g n S e c u r i t i e s R i s k s . The Fund invests predominately in securities of companies in foreign countries. Foreign investments involve additional risks, including less liquidity, currency-rate fluctuations, political and economic instability, differences in financial reporting standards and less strict regulation of the securities markets compared to U.S. markets. L i q u i d i t y R i s k s . Liquidity risk is the risk that certain securities may be difficult or impossible to sell at the time and price that Sky would like to sell. Sky may have to lower the price, sell other securities instead or forego an investment opportunity, any of which could have a negative effect on Fund management or performance. M i d - C a p C o m p a n i e s R i s k s . The mid-cap companies in which the Fund may invest often have narrower markets and more limited managerial and financial resources than larger, more established companies, and, therefore, may be more vulnerable to adverse business or economic events than larger companies. As a result, mid-cap companies performance may be more volatile, which could increase the volatility of the Funds portfolio. C u r re n c y R i s k s . Investments in foreign securities denominated and traded in foreign currencies involve additional risks. The value of the Funds foreign securities as measured in U.S. dollars maybe affected unfavorably by changes in foreign currency exchange rates. In addition, the Fund may incur costs in connection with conversions between various currencies. Emerg i n g M a r k e t s R i s k s . The Fund may invest up to 15% of its total assets in securities of companies that trade in emerging or developing markets. The risks of foreign investments typically are greater in emerging markets. Less developed countries may have smaller securities markets and lower trading volumes, which may lead to greater price volatility. These countries may have less developed legal and accounting structures and are more likely to experience high levels of inflation, deflation or currency devaluations, which could adversely affect their economies and securities markets. Va l u e I n v e s t i n g R i s k s . The Fund invests primarily in value-style stocks, stocks whose prices Sky believes are undervalued in relation to fundamental measures. Value shares may never increase in price as anticipated by Sky, or may decline even further if the market fails to recognize the companys value, if the factors that Sky believes will increase the price do not occur or if a stock judged to be undervalued is actually appropriately priced. R e g i o n o r S e c t o r R i s k s . The Fund may invest a higher percentage of its total assets in a particular region or sector of international markets. In such a case, changes affecting that region or sector may have a significant impact on the Funds overall portfolio.
Frontegra Strategies, LLC is located at 400 Skokie Boulevard, Suite 500, Northbrook, Illinois 60062, and can be contacted by calling (847) 509-9860. Frontegra Strategies, LLC is a member of the Financial Industry Regulatory Authority, Inc. and SIPC.www.finra.org You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at (202) 371-8300.
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