B. Riley Diversified Equity Fund

The B. Riley Diversified Equity Fund (the “Fund”) seeks to achieve capital appreciation. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of U.S. companies selected by the B. Riley & Co. Research Group (the “Research Group”) as “Buy” rated in its coverage universe. These equity securities will generally consist of common stocks. The list of these “Buy” rated securities is referred to as the B. Riley Diversified Equity Composite (the “Composite”)1. The Composite is designed to measure the performance of a managed portfolio consisting of all equity securities designated with a “Buy” rating by the Research Group. The Research Group is a division of B. Riley & Co., LLC. The Fund’s investment adviser (the “Adviser”) is B. Riley Asset Management, a division of B. Riley Capital Management, LLC. The Composite may be comprised of companies of any capitalization, and therefore the Fund may invest without regard to market capitalization. The Fund will typically hold a representation of all stocks contained within the Composite; however, the Fund will generally seek to invest approximately 50% of its assets in approximately 25-35 securities represented in the Composite that represent the affiliated Research Group’s top picks from the Composite. The remaining portion of the Fund’s portfolio will be comprised of the remaining securities from the Composite.

While the Adviser anticipates that the securities comprising the Fund and the Composite will be the same, the Adviser does have discretion to vary the weightings in the Fund as compared to the equal weighting of the Composite. Additionally, there will be variations in performance of the Fund as compared to the Composite due to the over weighting of the top picks subset of the Composite, the Adviser’s discretion to over or under-weight securities, to make other independent determinations about portfolio holdings, as well as the fact that the Fund will incur expenses that are not incurred by the securities comprising the Composite.

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For complete information about the B. Riley Diversified Equity Fund and a document library including reports and applications, please visit the B.Riley Website.

Important Disclosures, Please Read

Investors should consider the investment objectives, potential risks, management fees and charges and expenses carefully before investing. This and other information is contained in each Fund’s prospectus, which may be obtained by calling 1-800-673-0550. Please read and carefully consider the prospectus before investing. Distributed by First Dominion Capital Corp., Richmond, VA. Member FINRA.

Past performance does not guarantee future results. The investment return and principal value of an investment in a Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data current to the most recent month end may be obtained by calling 1-800-673-0550.

The information provided is subject to change daily. It is provided for informational purposes only does not constitute an offer to sell, or the solicitation of an offer to buy any securities and must not be relied upon in connection with any investment decision.