Author: Sam Stewart and Seven Canyons Advisors Staff

Chairman’s Message

In my March letter to World Innovators Fund and Strategic Income Fund shareholders, I suggested the possibility that the economy may be undergoing a regime change–a term used by economists to denote a shift in the behavior of the economy. For the past 5 years, we have enjoyed a “good news, good news” economy. Rising growth rates led to declining unemployment rates. The stock market has been buoyant, almost doubling.  

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All investing involves risk. Investments in securities of foreign companies involve additional risks, including less liquidity, currency-rate fluctuations, political and economic instability and differences in financial reporting standards and securities market regulation. Investing in small and micro-cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. 

An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click this link to obtain a Prospectus, which contains this and other information, or call us at 1-801-349-2718. Read the prospectus carefully before investing. Seven Canyons Funds are distributed by ALPS Distributors, Inc.