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NOTICE TO SHAREHOLDERS AND BROKER-DEALERS:

The Emerald Mutual Funds are making NO year-end capital gains or income dividend payments for calendar year 2016.

Emerald Growth Fund

Performance Data as of 06/30/2017

FundCumulativeAnnualizedExpense Ratio
 3 MoYTDSince
Inception1
1 YR3 YR5 YR10 YRSince
Inception1
Gross2Net2
HSPGX Class A
NAV6.32%11.35%1,301.04%28.32%9.64%15.90%8.57%11.26%1.16%1.16%
MOP1.27%6.07%1,234.33%22.20%7.87%14.79%8.04%11.04%N/AN/A
Benchmark34.39%9.97%605.08%24.40%7.64%13.98%7.82%8.21%N/AN/A
HSPCX Class C
NAV6.17%10.99%170.41%27.51%8.93%15.16%7.88%6.03%1.82%1.82%
CDSC5.17%9.99%170.41%26.51%8.93%15.16%7.88%6.03%N/AN/A
Benchmark34.39%9.97%125.71%24.40%7.64%13.98%7.82%4.91%N/AN/A
FGROX Class Institutional
NAV6.47%11.55%256.52%28.78%9.99%16.27%N/A15.75%0.86%0.86%
Benchmark34.39%9.97%227.30%24.40%7.64%13.98%N/A14.61%N/AN/A
FFGRX Class Investor
NAV6.34%11.34%97.31%28.31%9.62%15.87%N/A11.66%1.23%1.23%
Benchmark34.39%9.97%82.05%24.40%7.64%13.98%N/A10.21%N/AN/A