Jones Villalta Funds

05/19/10
Fox Business News
Taking Advantage of
a Market Dip

04/19/10
Fox Business News
Mum's the Market Word

Contact
Shareholder Services
866.950.5863

We are passionate about investing and helping investors realize their long-term dreams.

At Jones Villalta, we study the market to discover over-optimism or over-pessimism within the greater investing community. As humans, we are slow to change, believing conditions today, whether good or bad, will continue indefinitely. These buying or selling trends alert us to dig deeper to identify what we believe are misunderstood opportunities with great value and the potential for long-term investment success.

Inception date of the Fund is 12/23/08.

Performance quoted represents past performance which is no guarantee of future results. Current performance may be lower or higher than what is stated. Investment return and principal value will vary with market conditions so that an investor’s share, when redeemed, may be worth more or less than the original cost. For current to most recent month-end performance, please call us at 866.950.5863. The Fund imposes a 1% redemption fee on proceeds redeemed or exchanged within 90 days of purchase. The performance illustrated does not include the effect of the redemption charge. If it did, performance would have been lower.

Updated 5/17/10

Jones Villalta Funds
866.950.5863
Contact

Distributed by Unified Financial
Securities, Inc., 2960 North
Meridian Street, Suite 300,
Indianapolis, IN 46208.
(Member FINRA)

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's
prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's
prospectus by calling 866.950.5863. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will
fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

Micro-, small- and mid-cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk,
less liquidity and increased competitive threat.

Diversification does not ensure a profit or guarantee against loss.

*The advisor has agreed, until February 28, 2011, to waive its fees and/or absorb expenses of the fund to ensure that total annual operating expenses do not exceed 1.25 percent of
the fund's average net assets (excluding (1) extraordinary expenses and (2) dividend and interest expense to the extent necessary to maintain total operating expenses for Class A
shares at 1.25% percent.