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TorrayResolute Small/Mid Cap Growth Fund
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James D. Bailey, CFA

Director of Research
Principal, Portfolio Manager

Address

7501 Wisconsin Ave.
Suite 750 West
Bethesda, Maryland 20814-6519

Contact

Torray LLC
855.753.8174
info@torray.com

Shareholder Services:
844.406.4960

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You should consider the investment objectives, risks, charges and expenses of the TorrayResolute Small/Mid Cap Growth Fund carefully before investing. A prospectus with this and other information may be obtained by calling 844-406-4960 or by downloading one from this web site. You should read the prospectus carefully before investing.

The Fund is offered only to United States residents, and information on this website is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the TorrayResolute Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Shares of the TorrayResolute Small/Mid Cap Growth Fund are distributed by Quasar Distributors LLC, not affiliated with Torray LLC.

Mutual Fund investing involves risk. Principal loss is possible. The fund’s investment in securities of mid-cap and small-cap companies may be more volatile and less liquid than the securities of larger, more established companies. The Fund may have a relatively high percentage of assets in a single or small number of issuers, which may result in increased volatility. Foreign companies involve risks not generally associated with investment in the securities of U.S. companies, including risks relating to political, social and economic developments abroad and differences between U.S. and foreign regulatory requirements and market practices, including fluctuations in foreign currencies.

Diversification does not assure a profit nor protect against loss in a declining market.
Correlation is a statistical measure of the degree to which the movements of two variables (stock/option/convertible prices or returns) are related.

Earnings growth is not a measure of the Fund’s future performance.
Earnings growth is a measure of a company’s net income over a specific period, generally one year, is a key indicator for measuring a company’s success, and the driving force behind stock appreciation.

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