Investment Characteristics

Investors, particularly those who reside in Oregon, who are looking for an investment that provides ready marketability and seeks to invest in high credit quality securities, may want to consider the SNW Oregon Short-Term Tax-Exempt Bond Fund (ticker symbol ORFIX).

The fund invests primarily in bonds issued for public purposes by the State of Oregon and local governments in Oregon. The fund’s dividends come from income produced by these holdings, which are exempt from both federal and state personal income tax for residents of Oregon and exempt from federal personal income tax for residents of other states. The fund intends to invest in bonds issued for public purposes including, but not limited to: education, health care, public-transportation, water, wastewater reclamation, storm-water drainage, electricity service, and governmental facilities. The fund’s investment advisor intends to select bonds with limited maturities, which seeks to minimize the exposure of the fund to volatility in market prices and interest rates.

Before investing, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. You may obtain a prospectus with this and other information about the Fund by clicking here or calling 1-855-234-9706. The prospectus should be read carefully before investing.

The SNW Oregon Short-Term Tax-Exempt Bond Fund is distributed by BNY Mellon Distributors Inc., not an adviser affiliate.