Jones Villalta Funds

Contact
Shareholder Services
866.950.5863

The Securities and Exchange Commission (SEC) requires mutual funds to file risk/return summary sections of their prospectuses on the websites in eXtensible Business Reporting Language (XBRL), a language for the electronic communication of business and financial data. The files listed below are in interactive data format using XBRL, and to view the files, you will need an XBRL viewer.

Prospectus dated March 4, 2011

Supplement dated March 4, 2011

Ticker
JVOFX

Cusip
90470K214

Objective
Long-term capital
appreciation

Inception date
12/23/08

Minimum investment
$1,000

Subsequent investment
$100

Sales load
None

Expense ratio*
Net: 1.25%
Gross: 16.46%

Advisor
Jones Villalta Asset
Management

Jones Villalta Funds
866.950.5863
Contact

Distributed by Unified Financial
Securities, Inc., 2960 North
Meridian Street, Suite 300,
Indianapolis, IN 46208.
(Member FINRA)

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's
prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's
prospectus by calling 866.950.5863. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will
fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

Micro-, small- and mid-cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk,
less liquidity and increased competitive threat.

*The advisor has agreed, until February 28, 2011, to waive its fees and/or absorb expenses of the fund to ensure that total annual operating expenses do not exceed 1.25 percent of
the fund's average net assets (excluding (1) extraordinary expenses and (2) dividend and interest expense to the extent necessary to maintain total operating expenses for Class A
shares at 1.25% percent.