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You should consider the investment objectives, risks, charges and expenses of the Torray Fund carefully before investing. A prospectus with this and other information may be obtained by calling 855.753.8174 or by downloading one from this Web site. You should read the prospectus carefully before investing.

Mutual fund investing involves risk, including the possible loss of principal value. At times, the Fund’s portfolio may be more concentrated than that of a more diversified fund, subjecting it to greater fluctuation and risk. There can be no guarantee that any strategy (risk management or otherwise) will be successful.
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Shares of the Torray mutual fund are distributed by Foreside Funds Distributors LLC, not affiliated with Torray Investment Partners LLC.