FBP Equity & Dividend Plus Fund

Objectives

The investment objective of the FBP Equity & Dividend Plus Fund is to provide above-average and growing income while also achieving long-term growth of capital.

Investment Strategy

The FBP Equity & Dividend Plus Fund will invest in a variety of companies, industries and economic sectors to seek the best opportunities for income and growth. The Fund seeks to achieve its objective by investing in a diversified portfolio comprised primarily of above-average dividend yielding, undervalued equity securities with dividend growth potential. Under normal circumstances, at least 80% of the Fund’s net assets will be invested in equity securities that are paying dividends at the time of purchase.

The Fund will invest primarily in companies with market capitalizations of $1 billion or more. Although the Fund’s equity investments consist primarily of common stocks, it may also invest a portion of its assets in other equity securities, including shares of exchange-traded funds (“ETFs”) that invest in common stocks, straight preferred stocks, convertible preferred stocks and convertible bonds, that are rated at the time of purchase in the four highest grades assigned by a nationally recognized rating agency, or unrated securities determined by the Adviser to be of comparable quality.

When the Adviser believes that individual equity securities held by the Fund are approaching the top of the Adviser’s growth and price expectations, covered call options may be written (sold) against such securities and the Fund will receive a premium in return. The Fund writes options only for income generation and hedging purposes and not for speculation. The Fund will only write options that are issued by the Options Clearing Corporation and listed on a national securities exchange.

Please see prospectus for complete information regarding the FBP Equity & Dividend Plus Fund. An investor should consider the investment objectives, risks, and charges and expenses of the FBP Equity & Dividend Plus Fund carefully before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available by calling the Funds directly at 866.738.1127 or by downloading a copy by clicking the PDF below. The prospectus should be read carefully before investing.

All investments, including an investment in these Funds, are subject to risk including the possible loss of principal. Investment in the Fund is subject to investment risks, including, without limitation, market risk, ETF risk, large company risk, mid-cap Company risk, covered call option risk, credit risk, and investment style and management risk. For more information about the Fund, including the Fund’s objectives, charges, expenses and risks (including more information about the risks listed above), please read the prospectus.

 

FBP Equity & Dividend Plus Fund Fact Sheet (Top 10 Holdings – PDF Format – 75kb)

Prospectus (PDF format – 510kb)