The Westport Select Cap Fund invests primarily in common stocks of small capitalization companies selected for their capital appreciation potential. Under normal circumstances, at least 65% of the Westport Select Cap Fund’s total net assets are invested in small capitalization companies based upon their market capitalization at the time of purchase. A small capitalization company is defined as having a market capitalization of $2 billion or less.

The Westport Select Cap Fund will invest to a limited degree in companies that have larger market capitalizations.

Investment Risk. An investment in either Fund is subject to investment risk, including the possible loss of the entire principal amount that you invest.

Stock Market Risk. Investing in the stock market is risky because equity securities fluctuate in value, often based upon factors unrelated to the intrinsic value of the issuer. These issues may be due to political, economic or general market circumstances. Other factors may affect a single company or industry, but not the broader market. Because securities’ values fluctuate, when you sell your investment in a Fund you may receive more or less money than you originally invested.

Small and Mid Capitalization Companies. Investing in the Westport Fund and the Westport Select Cap Fund involves the risks of investing in small and mid capitalization companies, which generally involve greater risk and volatility than investing in larger, more established companies. Not FDIC Insured. Your investment in a Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.