Series and Classes/Contracts Information:
| Existing | |||
| Status | Name | Ticker Symbol | |
| CIK 0001618627 | |||
| Series S000048026 | Penn Capital Mid Cap Core Fund | ||
| Class/Contract C000151486 | Institutional Class | PSMPX | |
| Status | Name | Ticker Symbol | |
| CIK 0001618627 | |||
| Series S000048027 | Penn Capital Special Situations Small Cap Equity Fund | ||
| Class/Contract C000151488 | Institutional Class | PSCNX | |
| Status | Name | Ticker Symbol | |
| CIK 0001618627 | |||
| Series S000048028 | Penn Capital Opportunistic High Income Fund | ||
| Class/Contract C000151490 | Institutional Class | PHYNX | |
| Status | Name | Ticker Symbol | |
| CIK 0001618627 | |||
| Series S000058052 | Penn Capital Short Duration High Income Fund | ||
| Class/Contract C000190040 | Institutional Class | PSHNX | |
IRS No.: 000000000 | State of Incorp.: DE | Fiscal Year End: 0831
Type: 497 | Act: 33 | File No.: 333-200168 | Film No.: 241127467