Q4 Credit Market Update

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Investors should consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and should be read carefully before investing. The prospectus may be obtained at flatrockglobal.com. This Fund is distributed by Ultimus Fund Distributors, Inc.

There is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses.