All Frank Value Fund performance reported is from Frank Value Fund Institutional Class after fees. Returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

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. Current performance may be lower or higher than the performance data quoted. You may obtain performance data current to the most recent month-end by calling the Fund at 1-888-217-5426 or visiting our website at www.FrankFunds.com. Returns include reinvestment of any dividends and capital gain distributions.

The Fund’s investment objective, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Fund, and it may be obtained by calling 1-888-217-5426 or by visiting www.FrankFunds.com. Please read the prospectus carefully before you invest or send money.

The S&P 500 is an index created by Standard & Poors Corp considered to represent the performance of the stock market generally. It is not an investment product available for purchase.

Not investment advice.

Arbor Court Capital LLC, Distributor, Beachwood OH 44122

Investment products, not FDIC insured, no bank guarantee, may lose value