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. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979.

*The Fund’s adviser, Brinker Capital Investments, LLC (“Brinker Capital” or the “Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.39% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2023 and may be amended or terminated only with the consent of the Board of Trustees.

Index definitions

FTSE All-World ex US Index: A market cap weighted index designed to provide a broad measure of stock performance throughout the world, with the exception of US-based companies. It consists of companies located in both developed markets and emerging markets. FTSE All-World High Dividend Yield Index: A subset of the FTSE All-World Index that is comprised of companies with higher-than-average dividend yields, excluding real estate investment trusts. ICE BofA US Broad Market Index: A broad based index that measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities. ICE BofA US High Yield Index: Tracks the performance of US dollar denominated below investment grade rated corporate debt publicly issued in the US domestic market. ICE BofA US High Yield 0-3 Year Index: A subset of The Bank of America Merrill Lynch US High Yield Index including all securities with an average life of less than 3 years. ICE BofA US Treasury 1-3 Year Treasury Index: An unmanaged index that tracks the performance of the direct sovereign debt of the US Government having a maturity of at least one year and less than three years. ICE BofA 1-10 Year Municipal Securities Index: A subset of the ICE BofA US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years. Morningstar Broad Hedge Fund Index: A rules-based, asset-weighted index, comprised of a subset of Morningstar’s high-quality hedge fund database, that is designed to capture the performance and behavior of the most investable hedge funds. Russell 1000 Index: Measures the performance of the 1,000 largest US companies based on total market capitalization. Russell 2000 Index: A market cap weighted index that includes the smallest 2,000 companies in the Russell 3000 universe of US-based listed equities. Russell Mid Cap Index: A market cap weighted index that includes approximately the smallest 800 companies in the Russell 1000 Index.