iMGP Low Duration Income Fund Institutional Class MAHIX Strategy

The investment seeks to achieve long-term returns with lower risk and lower volatility than the stock market, and with relatively low correlation to stock and bond market indexes; high level of current income is a secondary consideration. The fund invests in a mix of strategies that the advisor believes offer risk-return characteristics that are attractive individually and even more compelling collectively. Under normal market conditions, the advisor does not expect to invest more than 25% of its total assets in emerging market securities the advisor defines an emerging market country as any country that is included in the MSCI Emerging Markets Index.