HIMAX : Hancock Horizon Mississippi Tax-Free Income Fund Investor Class

Fund Summary

The investment seeks current income exempt from both federal income tax and Mississippi personal income tax. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that pay interest that is exempt from federal and Mississippi income tax. It may invest up to 35% of its total assets in municipal securities issued by U.S. territories. The fund may invest up to 20% of its net assets in securities that pay interest subject to the federal alternative minimum tax applicable to non-corporate taxpayers and in securities that pay taxable interest. It is non-diversified.