The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund by showing the Fund’s performance compared with that of a broad measure of market performance. The bar chart shows performance of the Fund’s shares for each calendar year since the Fund’s inception. The performance table includes a comparison of the performance of the Fund over time to the performance of a broad-based securities market index. You should be aware that the Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information will be available at no cost by visiting www.RegentsParkFunds.com or by calling 1-866-866-4848.
| Best Quarter | 06/30/2020 | 20.53% |
| Worst Quarter | 03/31/2020 | -18.35% |
| One
Year |
Five Years |
Since Inception(1) | |
| Return before taxes | 20.68% | 13.60% | 14.66% |
| Return after taxes on Distributions | 14.30% | 11.91% | 13.17% |
| Return after taxes on Distributions and Sale of Fund Shares | 15.08% | 10.54% | 11.59% |
| S&P
500 Total Return Index(2) (reflects no deduction for fees, expenses or taxes) |
17.88% | 14.42% | 15.21% |
| (1) | Inception date is December 16, 2019. |
| (2) | The S&P 500 Total Return Index is a market capitalization-weighted index of 500 widely held common stocks. Investors may not invest directly in an index. Index returns are gross of any fees, brokerage commissions or other expenses of investing. |
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown above, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.