ELCSX : Emerald Small Cap Value Fund Class C

Fund Summary

The investment seeks long-term capital appreciation. The fund will invest at least 80% of its total assets in common stocks of domestic small capitalization companies, focusing on companies that the Adviser believes possess a consistent track record of strong financial productivity. It emphasizes a "value" investment style, investing in companies that appear underpriced according to certain financial measurements of their worth or business prospects. The Adviser defines small capitalization companies as those with a market capitalization between, and including, the smallest and largest companies contained in the Russell 2000 Value® Index.