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RISK DISCLOSURES

Before investing in any of the Ashford or Braemar funds, you should carefully consider the fund’s investment objectives, risks, charges, and expenses. A copy of a fund’s prospectus, which contains this and other information, is available on the fund’s website or by calling the shareholder services at 888-490-4292, Option 2.

Please read the prospectus carefully before investing. This website is neither an offer to sell nor a solicitation of an offer to buy any of the securities described herein. An investment in any of the Ashford or Braemar offerings involves risk, and there can be no assurance that the investment objectives will be met. Past performance does not guarantee future results.

Ashford Securities LLC, Member FINRA/SIPC, is the distributor for the Ashford and Braemar products.

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE | PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

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