13D Activist Fund

13D Activist Fund Named Category King by The Wall Street Journal for The One Year Period Ending July 31, 2014

NEW YORK--(BUSINESS WIRE)--13D Activist Fund (NASDAQ: DDDIX), an event-driven mutual fund focused on 13D filings and the first mutual fund to offer activist investing as its primary strategy, was named “Category King” by the Wall Street Journal for the one year period ending July 31, 2014. The Category King recognizes the top 10 performing funds in each equity category for one-year performance, based on total returns. The 13D Activist Fund ranked #2 in the multi-cap growth equity category, out of 585 funds. During this period the fund generated a return of 20.10%. The following table highlights the Fund’s performance since its inception on December 28, 2011: Fund Performanceas of 6/30/14 Fund Founder and Portfolio Manager Ken Squire has been actively analyzing shareholder activism and 13D filings since 2006, when he founded 13D Monitor, the premiere research service on shareholder activism for the institutional investor community. Squire said: “Our fund is the first of its kind to allow an investor to hold a basket of activist stocks and pursue a pure activist investment strategy.” The Fund seeks capital appreciation and is designed to potentially outperform market indices by generating returns that are not correlated to the broader market. About 13D Management New York based 13D Management, a registered investment advisor and manager of the 13D Activist Fund, is an event driven asset manager that focuses on 13D filings of activist investors. The firm was founded by Ken Squire who is the leading authority on activist investors and also leads 13D Monitor, a research service for major investment banks, top law firms, hedge funds and institutional investors. The 13D Activist Fund is available directly to investors or through Schwab, Fidelity, TD Ameritrade, UBS, E*TRADE and Pershing LLC. Investors should carefully consider the investment objectives, risks, charges and expenses. This and other important information is contained within the Prospectus, which can be obtained by calling 877-413-3228. The Fund Prospectus should be read carefully before investing. The Fund is distributed by ALPS Distributors, Inc. 13D Monitor and 13D Management, LLC are not affiliated with ALPS Distributors, Inc. Expense Ratios: Institutional Shares: 1.50% (Class I), Investor Shares: 1.75% (Class A), Investor Shares: 2.50% (Class C/DDDCX). Shares held for less than 30 days of both classes are subject to a 2.00% redemption fee. Please remember that past performance may not be indicative and is no guarantee of future results. The fund performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Fund performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. For the most recent month end performance information, please visit www.13DActivistFund.com or call tollfree 1-877- 413-3228. Historical performance results for investment indices and/or categories have been provided for general comparison purposes only, and generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results. It should not be assumed that your account holdings correspond directly to any comparative indices. Past performance may not be indicative of future results and does not reflect the impact of taxes on non-qualified accounts. The data herein is not guaranteed. You cannot invest directly in an index. The S&P 500 Index is an unmanaged composite of 500-large capitalization companies. This index is widely used by professional investors as a performance benchmark for large-cap stocks. Overall stock market risks will affect the value of individual instruments in which the Fund invests. Factors such as economic growth, market conditions, interest rate levels, and political events affect the U.S. securities markets. When the value of the Fund's investments goes down, your investment in the Fund decreases in value and you could lose money. The Fund is a non-diversified investment company, which makes the value of the Fund's shares more susceptible to certain risks than shares of a diversified investment company. The Fund has a greater potential to realize losses upon the occurrence of adverse events affecting a particular issuer. The value of small or medium capitalization company stocks may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. CN 13D 131 Exp 12/31/14