Davidson Investment Advisors, Inc. is the investment adviser to the Davidson Funds and provides discretionary investment advisory services pursuant to an investment advisory agreement
with the Trust. The Advisor's principal office is located at Davidson Building, 8 Third Street North, Great Falls, Montana 59401-3155. The Advisor has provided investment advisory
services since 1975 and has served as investment adviser to the Funds since their inception and is a wholly owned subsidiary of D.A. Davidson Companies.
The Advisor provides the Funds with investment research, portfolio management, and certain administrative services, including furnishing office space and personnel necessary for the
management and operation of the Funds.
The Davidson Multi-Cap Equity Fund and the Davidson Intermediate Taxable ETF are only offered to residents of the United States. The information contained on this website is intended solely for such persons and does not
constitute an offer to sell or a solicitation of an offer to buy shares of the Fund in any jurisdiction where such offer, solicitation, or sale would be unlawful.
Investors should carefully consider the Funds' investment objectives, risks, charges, and expenses before investing. This and other important information is contained in
the Funds' Prospectus and Summary Prospectus, which should be read carefully before investing.
View the prospectus for
the Davidson Multi-Cap Equity Fund or
the Davidson Intermediate Taxable ETF.
The Davidson Multi-Cap Equity Fund
Investing involves risk. Principal loss is possible. Investing in securities of small and medium capitalization companies may involve greater volatility than investing in larger and
more established companies because small and medium capitalization companies can be subject to more abrupt or erratic share price changes than larger, more established companies.
Investments in REITs will be subject to the risks associated with the direct ownership of real estate. Foreign securities may be more volatile and less liquid than domestic (U.S.)
securities, which could affect the Fund’s investments. The Fund may invest a significant portion of its assets in companies in the Information Technology sector. When the Fund invests
in a mutual fund or ETF, it will bear additional expenses based on its pro rata share of the mutual fund’s or ETF’s operating expenses, including the potential duplication of
management fees.
Davidson Intermediate Taxable ETF
Investing involves risk. Principal loss is possible. Below investment-grade securities, commonly referred to as “high yield” securities or “junk bonds,” are rated below
investment grade by all NRSROs that have rated the security, meaning that no NRSRO has rated the security investment-grade or, if unrated, determined by the Adviser to be of
comparable quality. Risks Associated with Asset-Backed Securities and Mortgage-Backed Securities include economic and market risk, interest rate risk, credit risk, prepayment risk
and extension risk. The Fund will invest in corporate bonds, which are debt instruments issued by corporations to raise capital. Low or lack of trading volume may make it difficult
to sell instruments held by the Fund at quoted market prices. ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the
market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be
halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not
individually redeemed from the ETF. Brokerage commissions will reduce returns.
The Bloomberg Intermediate U.S. Aggregate Bond Index measures the performance of the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market with less than 10
years to maturity. The index includes U.S. Treasuries, government-related securities, corporate securities, mortgage-backed securities, asset-backed securities, and commercial
mortgage-backed securities.
The Bloomberg Intermediate US Government/Credit Bond Index measures the non-securitized component of the Bloomberg US Aggregate Bond Index with less than 10 years to maturity. The
index includes investment grade, US dollar-denominated, fixed-rate treasuries, government-related and corporate securities.
Diversification does not assure a profit or protect against loss in a declining market.
Quasar Distributors, LLC, Distributor.
