TIANXING STOCK PICKING FUND

as of 12/31/2017

Fund Objectives

The fund’s objective is to earn superior returns by using bottom-up fundamental analysis to generate stock ideas.

Fund Details

Share Price: $20.59
Expense Ratio: 0.14%
Benchmark: S&P 500 Total Return Index

Performance of a $10,000 Investment

A hypothetical initial investment of $10,000 on 6/3/13, the inception date of the Fund, would have grown to $20,590 (including reinvested dividends) as of 12/31/17.

Fund Downloads

Average Total Returns Vs. Benchmark

as of 12/31/2017

Total returns include changes in share price and the reinvestment of income dividends and all capital gains distributions.

The performance data quoted represents past performance. Performance figures represent past performance and are not a guarantee of future results. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance data quoted.

Sector Allocation

Top Ten Holdings

Disclosures

Fund information is not intended to represent future portfolio composition. Portfolio holdings are subject to change and should not be considered a recommendation to buy individual securities.