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OBJECTIVES
The investment objectives of the FBP Appreciation & Income Opportunities Fund are long term capital appreciation and current income, assuming a moderate level of investment risk.
INVESTMENT STRATEGY
The FBP Appreciation & Income Opportunities Fund seeks to achieve its objectives by investing in a portfolio of both equity and fixed income securities. Equity securities are acquired primarily for capital appreciation or a combination of capital appreciation and income. Fixed income securities are acquired primarily for their income return and secondarily for capital appreciation. The percentage of assets invested in equity securities and fixed income securities will vary from time to time depending upon the Adviser’s judgment of general market and economic conditions, trends in yields and interest rates and changes in fiscal or monetary policies. In an attempt to reduce overall portfolio risk, provide stability, and meet its working capital needs, the Adviser may allocate a portion of the Fund’s assets to money market instruments. Depending upon the Adviser’s determination of market and economic conditions, investment emphasis may be placed on equity securities, fixed income securities or money market instruments.
The Fund will invest primarily in companies with market capitalizations of $1 billion or more. Although the Fund’s equity investments consist primarily of common stocks, it may also invest a portion of its assets in other equity securities, including ETFs that invest primarily in common stocks, straight preferred stocks, convertible preferred stocks and convertible bonds, that are rated at the time of purchase in the four highest grades assigned by a nationally recognized rating agency, or unrated securities determined by the Adviser to be of comparable quality. Please see the prospectus for complete information regarding the FBP Appreciation & Income Opportunities Fund. An investor should consider the investment objectives, risks, and charges and expenses of the FBP Appreciation & Income Opportunities Fund carefully before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available by calling the Funds directly at
(866) 738-1127or by downloading a copy by clicking the PDF below. The prospectus should be read carefully before investing.
All investments, including an investment in these Funds, are subject to risk including the possible loss of principal. The risk includes market risk, interest rate risk, and the risk of default for corporate fixed income products. Additionally, the adviser’s ability to invest in covered call options has a risk of the market rising and the option being called thereby preventing the Fund from the opportunity for further appreciation of the underlying security.
FBP Appreciation & Income Opportunities Fund Fact Sheet (Top 10 Holdings)
(Formerly known as the FBP Balanced Fund until 12/30/2011)
Prospectus (PDF format)
Prospectus (XBRL format)
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XBRL Files : eXtensible Business Reporting Language
The XBRL files above can only be read with special viewer software. Additional information on the XBRL language and a free version of the viewer software is available on the SEC’s website at xbrl.sec.gov.
This website is in no way a solicitation or offer to sell shares of the Funds except in jurisdictions where the Funds are qualified for sale or where an exemption or exclusion from such qualification exists.
The Flippin, Bruce & Porter Funds are distributed by Ultimus
Fund Distributors, LLC
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