Masters' Select Focused Opportunities Who Should Invest This Fund is appropriate for investors who: Expect to hold the fund for a minimum of five years Desire exposure to mostly mid- and large-cap stocks Understand that concentrated investing can result in higher volatility than more typically diversified funds and benchmarks Understand that the fund’s sector and industry exposure is likely to deviate significantly from that of its benchmark Understand that at times foreign stocks could account for a significant portion of the fund’s portfolio

Prospectus | Important Legal Disclosures | Mutual fund investing involves risk. Principal loss is possible. The Masters’ Select Funds are distributed by Quasar Distributors, LLC.