JASVX Income Opportunities Fund

*2% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within one year after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

Fund Inception Date: August 21, 2018

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I and Class R6 do not exceed 1.73%, 2.48%, 1.48%, and 0.89%, respectively. The expense limitation agreement for Class A, Class C, Class I, and Class R6 shares will be in effect through March 31, 2026. This operating expense limitation agreement cannot be terminated during its term. Easterly is permitted to seek reimbursement from the fund, subject to limitations, for management fees waived in fund expenses paid within 3 (three) years from the date on which such management fees are waived or expenses fees are waived, as long as the reimbursement does not cause the fund operating expenses to exceed (i) the expense cap in place at the time the fees were waived or the expenses were incurred; or (ii) the current expense cap, whichever is less.

There can be no assurance that the Fund will achieve its investment objective. See Glossary for index definitions.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

*2% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within one year after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

Fund Inception Date: August 21, 2018

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I and Class R6 do not exceed 1.73%, 2.48%, 1.48%, and 0.89%, respectively. The expense limitation agreement for Class A, Class C, Class I, and Class R6 shares will be in effect through March 31, 2026. This operating expense limitation agreement cannot be terminated during its term. Easterly is permitted to seek reimbursement from the fund, subject to limitations, for management fees waived in fund expenses paid within 3 (three) years from the date on which such management fees are waived or expenses fees are waived, as long as the reimbursement does not cause the fund operating expenses to exceed (i) the expense cap in place at the time the fees were waived or the expenses were incurred; or (ii) the current expense cap, whichever is less.

There can be no assurance that the Fund will achieve its investment objective. See Glossary for index definitions.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

*2% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within one year after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

Fund Inception Date: August 21, 2018

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I and Class R6 do not exceed 1.73%, 2.48%, 1.48%, and 0.89%, respectively. The expense limitation agreement for Class A, Class C, Class I, and Class R6 shares will be in effect through March 31, 2026. This operating expense limitation agreement cannot be terminated during its term. Easterly is permitted to seek reimbursement from the fund, subject to limitations, for management fees waived in fund expenses paid within 3 (three) years from the date on which such management fees are waived or expenses fees are waived, as long as the reimbursement does not cause the fund operating expenses to exceed (i) the expense cap in place at the time the fees were waived or the expenses were incurred; or (ii) the current expense cap, whichever is less.

There can be no assurance that the Fund will achieve its investment objective. See Glossary for index definitions.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.