This is a summary of certain changes [and planned changes] to the Fund since October 1, 2022. For more complete information, you may review the Fund’s next prospectus, which we expect to be available by January 31, 2023 at www.hextone.com/fund/total-return or upon request at prospectus@hextone.com.

EFFECTIVE APRIL 30,2022, UPDATES ON THE “PRINCIPAL INVESTMENT STRATEGY”

The fund seeks to generate capital appreciation by investing at least 80% of net assets (plus borrowings for investment purposes) in a diversified portfolio of equity securities. This policy is subject to change only upon 60 days’ notice to shareholders. Under normal market conditions, at least 40% of the value of the fund’s net assets will be invested in issuers domiciled outside of the United States (“Foreign companies”), unless the manager deems market conditions and/ or company valuations to be less favorable to Foreign Companies, in which case, the fund will invest at least 30% of the value of its net assets in Foreign Companies. Foreign Companies include issuers domiciled in emerging markets and securities for which the relevant reference entity is domiciled outside the United States, such as American Depositary Receipts (ADRs), that trade on U.S. exchanges. There are no limits on the market capitalization ranges of the companies in which the fund may invest. The fund may invest in the securities of large, medium, or small companies.

REVISED EXPENSE LIMITATION AGREEMENT

Effective January 1, 2023, Hextone, LLC (the “Adviser”), the investment adviser to the Hextone Small Cap Value Fund (the “Fund”) agreed to modify the Fund’s expense limitation arrangement. The Board of Trustees of the Trust (the “Board”) approved a revised Expense Limitation Agreement between the Adviser and the Trust, which lowers the Fund’s expense cap from 1.25% to 0.99%.