Investors should consider the Fund's investment objectives,
risks, charges, and expenses before investing. The prospectus contains this and
other information about the Fund. A copy of the prospectus is available
at https://gryphonfundinfo.com/mctox or
by calling Shareholder Services at 800-773-3863. The prospectus should be read
carefully before investing. Current and future holdings are subject to change
and risk.
Investments in the Fund are subject to investment risks,
including the possible loss of some or the entire principal amount invested.
There can be no assurance that the Fund will be successful in meeting its
investment objective. Investment in the Fund is also subject to the following
risks:
· Active Trading Risk: Active trading may result in
added expenses, a lower return, and increased tax liability. Since the Fund's
advisor engages in high-turnover trading strategies, the Fund will have high
portfolio turnover rates.
· Closed-End Fund Risk: Closed-end funds (CEFs) are
subject to investment advisory and other expenses, which will be indirectly
paid by the Fund resulting in duplicative fees and expenses. CEFs are also
subject to management risk because the advisor to the underlying CEF may be
unsuccessful in meeting the fund's investment objective.
· Equity Securities Risk: Equity securities are subject
to changes in value, and their values may be more volatile than those of other
asset classes. These changes in value may result from factors affecting
individual issuers, industries, or the stock market.
More information about these risks can be found in the
Fund's prospectus.
The Modern Capital Tactical Opportunities Fund is distributed
by Vigilant Distributors, LLC., Member FINRA/SIPC. There is no affiliation between Modern Capital Management Co., including its principals, and Vigilant Distributors, LLC.
Securities offered through Modern Capital Securities Inc. Member FINRA/SIPC. Fee Based advisory services offered by Modern Capital Advisors, LLC and Modern Capital Management Company, SEC registered investment advisory firms.
