Philotimo Focused Growth and Income Fund

The Philotimo Focused Growth and Income Fund (the “Fund”) seeks current income and long-term growth. The Fund attempts, under normal circumstances, to achieve its investment objective by investing in a unique blend of fixed-income securities, dividend paying common stocks and other equity securities, including exchange-traded funds (“ETFs”).

Kanen Wealth Management, LLC (the “Adviser”) uses a bottom-up, fundamental based proprietary research process emphasizing underfollowed and undervalued companies with strong economics of any capitalization, but with a focus on small-capitalization (“small-cap”) companies, in order for the Fund to capitalize on what the Adviser believes to be the inherent pricing inefficiencies of smaller capitalization securities and generate value.

The focus of the Fund’s investments will be on companies with mispriced securities that nevertheless generate significant free cash flow and benefit from near term catalysts that can unlock value. Some of these catalysts may include significant changes in a company’s allocation of its existing capital (stock buybacks, spin-offs, mergers or acquisitions), a restructuring of assets, or activism resulting in changes in senior management or significant changes in cost structure.