Strategy. The Funds adviser, M3Sixty Capital, LLC (the Adviser), delegates the daily management of the Funds assets to Bridge City Capital, LLC (the Sub-Adviser). The Adviser is responsible for the overall management of the Fund and overseeing the Funds sub-adviser. Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of small capitalization growth companies. The Fund defines: ? small capitalization companies as issuers whose market capitalization is within the same market capitalization range as companies listed in the Russell 2000 Growth Index, which is subject to change over time. As of June 30, 2025, the median market capitalization of the companies in … Show more… The Funds adviser, M3Sixty Capital, LLC (the Adviser), delegates the daily management of the Funds assets to Bridge City Capital, LLC (the Sub-Adviser). The Adviser is responsible for the overall management of the Fund and overseeing the Funds sub-adviser. Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of small capitalization growth companies. The Fund defines: ? small capitalization companies as issuers whose market capitalization is within the same market capitalization range as companies listed in the Russell 2000 Growth Index, which is subject to change over time. As of June 30, 2025, the median market capitalization of the companies in the Russell 2000 Growth Index was $1.170 billion, with the highest market capitalization being $15.722 billion. ? growth as investments with above-average growth rates (high growth rates for revenue, earnings, expanding margins, and/or cash flow) as compared to their industry or the overall market, as determined by the Sub-Adviser. The Fund will invest primarily in U.S. common stocks that the Sub-Adviser believes have clear indicators of future potential for earnings growth, or that demonstrate other potential for growth of capital. In selecting companies for the Funds portfolio, the Sub-Adviser uses a bottom-up approach to select what it believes are quality companies with proven track records, strong financial characteristics, and above-average growth prospects at attractive valuations that lead to strong relative returns over a complete market cycle. The Sub-Adviser may sell or reduce its position in a security for a variety of reasons when appropriate and consistent with the Funds investment objectives and policies, which may include, but are not limited to, when the security: (i) position exceeds the Sub-Advisers internal position limit of 3% of the Funds market value; (ii) exceeds the Sub-Advisers internal market capitalization limit; or (iii) is no longer considered appropriate for the Fund based on a change in financial condition, management team, or other factor that either reduces the securitys overall score within the Sub-Advisers research and screening process or the Sub-Advisers conviction in the holding. Show less