Liquid Alternatives
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Income Generation

Disclosures: The information provided herein represents the opinion of the portfolio manager and is not intended to be a forecast of future events, or investment advice. It is not a solicitation to invest in any investment product. It is intended for informational purposes only. Past performance is not a guarantee of future results.

The information provided herein represents the opinion of the portfolio manager and is not intended to be a forecast of future events, or investment advice. It is not a solicitation to invest in any investment product. It is intended for informational purposes only. Past performance is not a guarantee of future results. Inherent in any investment is potential for loss.

The information provided herein represents the opinion of the portfolio manager and is not intended to be a forecast of future events, or investment advice. It is not a solicitation to invest in any investment product. It is intended for informational purposes only. Past performance is not a guarantee of future results. Inherent in any investment is potential for loss. Risk in bank loans include credit risk, interest rate risk, and liquidity risk.

PAOIX Top 10 Holdings a/o 12/31/18: 1) UNH 2.5%; 2) T 1 5/8 02/15/26 2.3%; 3) EPD 2.3%; 4) ADBE 2.3%; 5) EVV 2.2%; 6) T 1 1/8 02/28/21 2.2%; 7) CWB 2.1%; 8) GOOGL 2.1%; 9) BRK.B 2.0%; 10) MSI 2.0%

Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. This and other important information is contained in the Fund’s prospectus, which should be read carefully before investing. To obtain a fund prospectus, call 1-844-838-2119. The Fund is distributed by Unified Financial Securities, LLC.
Midstream MLPs are primarily involved in the gathering, storage and transportation of oils and gases.
MLPs are subject to many risks, including those that differ from the risks involved in an investment in the common stock of a corporation. Holders of MLP interests have limited control and voting rights on matters affecting the partnership and are exposed, under certain circumstances, to a possibility of liability for all of the obligations of that MLP. Holders of MLP interests are also exposed to the risk that they will be required to repay amounts to the MLP that are wrongfully distributed to them. In addition, the value of an investor’s investment in an MLP will depend in part on the MLP’s treatment as a partnership for U.S. federal income tax purposes. MLP interests may not be as liquid as other more commonly traded equity securities and have relatively high distribution rates compared to corporate securities. The characterization of these distributions as either long-term capital gains or as some other type of return may not be ascertainable until the end of a taxable year and may complicate the calculation of the Fund’s and its shareholders’ taxes.