The Towle Deep Value Fund is a ‘non-diversified’ fund which seeks long-term capital appreciation. In general terms, the Fund may be appropriate for;

Risk Tolerant Investors

This Fund invests predominantly in smaller publicly-traded companies with market capitalizations under $5 billion. The share prices of smaller companies can vary significantly from day-to-day due to lower trading volume, earnings volatility, unanticipated economic reports, and modest research coverage. Investors must be prepared for such unpredictability and be willing to withstand fluctuations in the value of their investment.

Long-Term Investors

This Fund is intended for investors possessing a minimum investment horizon of three years and preferably longer. It is not designed to provide investors a way to speculate on short-term movements in the stock market.

Diversified Investors

This Fund does not provide broad sector exposure nor does it emulate the composition of a particular benchmark. Investors should maintain diversified holdings of securities and not consider this Fund their sole source of equity exposure.

Socially Responsible Investors

This Fund does not invest in tobacco, liquor, or gaming companies and may be appropriate for investors that wish not to support these industries with their investment capital.