SEMIX : Semper Short Duration Fund Institutional Shares

Fund Summary

The investment seeks to provide a high level of current income that is consistent with preservation of capital. The fund invests primarily in investment-grade debt securities of domestic entities. It may sell securities short with respect to 25% of its total assets. The Adviser will primarily sell securities short for the purposes of managing certain risks (primarily interest rate and/or yield spread risk) associated with its long positions or for capturing differences in value between two securities, and not for the purpose of forecasting the market's direction.