The Piedmont Select Equity Fund seeks to maximize long-term capital appreciation. In pursuing its goal, the Fund invests primarily in a select number, usually twenty-five or less, common stocks of large-capitalization companies traded in the U.S. Highly speculative or illiquid stocks are not candidates for the Fund. To minimize risk, a minimum of five industries are represented in the portfolio. In an effort to minimize volatility, certain long positions will be paired with short positions of competing companies.
An investor should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. The Fund's prospectus contains this and other important information. Read the prospectus carefully before sending money. To download a copy of the prospectus, click the "Fund Prospectus" link above or call the Fund at 1-888-859-5865 and a free copy will be mailed to you. The Fund is distributed by Ultimus Fund Distributors, LLC.
Risk Information: The Fund is non-diversified and therefore may concentrate its investments in fewer securities. Concentration of investments may lead to greater price volatility. The Fund may invest in mid-cap companies which tend to fluctuate in value more than those of larger firms. In addition, the Fund follows a value approach which carries the risk that a security identified by the Adviser as being undervalued may not be recognized for a long time, or the security may actually be appropriately priced. See the prospectus for more risk information.