OBJECTIVES
The investment objective of the FBP Equity & Dividend Plus Fund is to provide above-average and growing income while also achieving long-term growth of capital.

INVESTMENT STRATEGY
The FBP Equity & Dividend Plus Fund will invest in a variety of companies, industries and economic sectors to seek the best opportunities for income and growth. The Fund seeks to achieve its objective by investing in a diversified portfolio comprised primarily of above-average dividend yielding, undervalued equity securities with dividend growth potential. Under normal circumstances, at least 80% of the Fund’s net assets will be invested in equity securities that are paying dividends at the time of purchase.

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 shares of exchange-traded funds (“ETFs”) that invest 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. 

When the Adviser believes that individual equity securities held by the Fund are approaching the top of the Adviser’s growth and price expectations, covered call options may be written (sold) against such securities and the Fund will receive a premium in return. The Fund writes options only for income generation and hedging purposes and not for speculation. The Fund will only write options that are issued by the Options Clearing Corporation and listed on a national securities exchange.  

Please see prospectus for complete information regarding the FBP Equity & Dividend Plus Fund.  An investor should consider the investment objectives, risks, and charges and expenses of the FBP Equity & Dividend Plus 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) 738-1127 or 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 Equity & Dividend Plus Fund Fact Sheet (Top 10 Holdings)

(Formerly known as the FBP Value 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