First Western Investment Management

INVESTMENT OBJECTIVE
The investment objective of the GKM Growth Fund is long term capital appreciation.

PRINCIPAL STRATEGIES
The central premise of the Fund's investment style is "growth at a reasonable price" or "GARP."

The Fund usually invests in a diversified portfolio of common stocks from small, medium and large capitalization companies. These are chosen through in-depth fundamental analysis of a company's financial reports and other public records. The adviser looks for stocks having all or some of the following characteristics:

Under normal circumstances, the Fund will invest primarily in common stocks. While it is anticipated that the Fund will invest across a range of industries, certain sectors are likely to be overweighted compared to others because the adviser seeks best investment opportunities regardless of sector. The sectors in which the Fund may be overweighted will vary at different points in the economic cycle. At times, a portion of the Fund may be invested in companies with short operating histories, referred to as "new issuers." The Fund may sell a security when the adviser's research indicates that there has been deterioration in the company's fundamentals or growth potential.

Please refer to the Prospectus (see "Risk/Return Summary") for a discussion of the risks of investing in the Fund. As with any mutual fund investment, the Fund's returns will vary and you could lose money.

GKM Growth Fund is offered only by a current prospectus, and the materials about the fund available on this web site are intended for use in offering shares only in conjunction with a current prospectus. Nothing on this Web site should be considered a solicitation to buy or an offer to sell shares of the GKM Growth Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. You may access the prospectus for the fund by selecting the Prospectus link in the left menu. The prospectus contains more complete information about the Fund, including information on its investment objective, style and risks, advisory fees, distribution charges, and other expenses. You should read the prospectus carefully before investing or sending money. You may also receive a free paper copy of the prospectus by calling 888/546-9518 (toll free) or by sending a request via e-mail to gkmfunds@gkmadvisers.com. To view the GKM Advisers, LLC Customer Privacy Policy, please select the Privacy Policy link in the left menu.