20th January 2020

Portfolio Managers: Sub-advised by Villanova Investment Management Company – Rasto Berlansky and Ed Trumpbour
Asset Class: Small cap Value
Tickers: Institutional share class – VIMIX, Investor share classes – VIMOX
Inception Date: December 29, 2017 (institutional), January 23, 2018 (investor)

The fund:
The AlphaOne VIMCO Small Cap Value Fund will be a long only Small Cap Value fund sub-advised by Villanova Investment Management Company. Villanova Investment Management Company, LLC (the “Sub-Advisor” or “VIMCO”) seeks to generate long-term capital appreciation for the Fund.

By employing its distinctive private market value approach to public equities, while focusing on downside mitigation. The Sub-Advisor approaches investing as a private buyer would, utilizing an owner-like mentality, focusing on long-term business fundamentals and value creation while relying on absolute, not relative, valuations. Combining rigorous fundamental research with detailed financial analysis and proprietary decision-making tools, VIMCO’s strategy is to invest only in companies with what they believe are superior business models, sustainable competitive advantages, and underlevered balance sheets, that produce substantial free cash flows and are led by expert management teams.

About VIMCO:
VIMCO, an AlphaOne partner, was formed in 2016 by its two founding principals, Rastislav (“Rasto”) Berlansky and Ed Trumpbour. VIMCO is an independent boutique investment manager with a specialized focus on the U.S.-traded small cap value equities. VIMCO utilizes a private market value approach to public equities in their efforts to provide superior investment results for their clients. Before founding VIMCO, Mr. Berlansky was a Managing Director of Brandywine Global Investment Management and the co-head of its Absolute Value Group. He is a CFA charterholder and earned a B.S. in Business Administration from Villanova University, graduating summa cum laude. Mr. Trumpbour was a member of the Executive Board, a Managing Director and the founder and co-head of the Absolute Value Group at Brandywine Global Investment Management. He earned an M.B.A. in Finance from the University of Pennsylvania’s Wharton School and a B.S.B.A. in Finance from Georgetown University.

Fees & Expenses I shares Investor shares
Initial minimum investment $100,000 $2,500
Subsequent minimum investment $10,000 $100
12-B1 Charge None 0.25%
Gross Expenses 11.37% 10.70%
Maximum Net Expenses (after waiver) 1.40% 1.65%

The performance data quoted represents past performance. Past Performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call (855) 4-ALPHAONE (1.855.425.7426).

The Gross Expense ratios for the AlphaOne VIMCO Small Cap Value Fund Investor and Institutional Shares are 10.70% and 11.37% respectively. The net expense ratios are 1.65% for Investor and 1.40% for Institutional. The adviser has agreed to contractual waive fees until February 28, 2021. In absence of current fee waivers total return would be reduced. Returns do not reflect the effect of a 2.00% redemption fee which is incurred on shares held less than 90 days.

AlphaOne Funds are distributed by SEI Investment Distribution CO. (SIDCO), which is not affiliated with AlphaOne Investment Services, LLC or any of its affiliates.  Check the background of SIDC on FINRA’s Brokercheck.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained from the link above. Read the prospectus carefully before investing or sending money.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. There can be no assurance that the Fund will achieve its stated objectives.

AlphaOne mutual funds are available to U.S. residents only.

The Russell 2000 Value® Index measures the performance of the smallest 2,000 U.S. companies within the Russell 3000® Index, based on total market capitalization, that have lower than average price-to-book ratios and lower forecast values. Index returns do not reflect any management fees, transaction costs, or expenses. It is not possible to invest in an index.