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Market Commentary

Market Commentary:

  • 2020 Q3
  • 2020 Q2
  • 2020 Q1
  • 2019 Q4
  • 2019 Q3
  • 2019 Q2
  • 2019 Q1
  • 2018 Q4
  • 2018 Q3
  • 2018 Q2
  • 2018 Q1
  • 2017 Q4
  • 2017 Q3
  • 2017 Q2
  • 2017 Q1
  • 2016 Q4
  • 2016 Q3
  • 2016 Q2
  • 2016 Q1
  • 2015 Q4
  • 2015 Q3
  • 2015 Q2
  • 2015 Q1
  • 2014 Q4
  • 2014 Q3
  • 2014 Q2
  • 2014 Q1
  • 2013 Q4
  • 2013 Q3
  • 2013 Q2
  • 2013 Q1
  • 2012 Q4
  • 2012 Q3
  • 2012 Q2
  • 2012 Q1
  • 2011 Q4
  • 2011 Q3
  • 2011 Q2
  • 2011 Q1
  • 2010 Q4
  • 2010 Q3
  • 2010 Q2
  • 2010 Q1
  • 2009 Q4
  • 2009 Q3
  • 2009 Q2
  • 2009 Q1
  • 2008 Q4
  • 2008 Q3
  • 2008 Q2
  • 2008 Q1
  • 2007 Q4
  • 2007 Q3
  • 2007 Q2
  • 2007 Q1
  • 2006 Q4
  • 2006 Q3

Principal Risks of Investing in the Fund

An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks: Cybersecurity Risk, Investment Advisor Risk, Market Risk, Risks from Writing Options, Sector Focus Risk, COVID-19 Risk, Small-Cap and Mid-Cap Companies Risk, and Value Risk. More information about these risks and other risks can be found in the Fund's prospectus.

An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at the link below or by calling Shareholder Services at 1-855-400-5944. The prospectus should be read carefully before investing.

Hillman Capital Management, Inc. (the “Adviser”) has contractually agreed to limit the Total Annual Fund Operating Expenses of the Fund (exclusive of (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions; (iii) acquired fund fees and expenses; (iv) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (v) borrowing costs (such as interest and dividend expense on securities sold short); (vi) taxes; and (vii) extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees and contractual indemnification of Fund service providers (other than the Adviser)) to an annual rate of not more than: 0.95% of the Fund’s average daily net assets for the Fund’s No Load Class. This agreement is in effect through at least January 31, 2026, and will automatically continue upon annual approval by the board for successive twelvemonth periods unless (i) it is terminated earlier by the Board of Trustees, or (ii) the Adviser provides at least 30 days written notice of its noncontinuance prior to the end of the then effective term. Except due to the Adviser’s notice of non-renewal, this Agreement may only be amended or terminated with the approval of the Board of Trustees of the Trust.

 


 

The Fund may not be available for sale in all states. The information presented on this page is not an offer to sell or a solicitation of an offer to purchase the Fund.

ALPS Distributors, Inc. is the distributor of the Hillman Capital Management Funds, 1290 Broadway, Suite 1000, Denver, CO 80203.

ALPS Distributors, Inc. is not affiliated with Hillman Capital Management, Inc.

Phone: Lindsey Vaughan (240) 743-2499

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7255 Woodmont Ave, Suite 260 • Bethesda, MD 20814
Email: info@hillmancapital.com

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