Author: Sam Stewart and Seven Canyons Advisors Staff

A Recession is Not on the Clock

Change is good

Dear Fellow Shareholders:

My comments this quarter will not differ much from my comments for the last several quarters. The bottom line is that our economy continues to chug along just as it has for the past decade. Many fear that the very length of the expansion we are enjoying will bring about its demise. But the end of our current expansion will not be due to its length. A recession is not on the clock. Instead, the expansion will eventually end due to excesses which have built up during the expansion.

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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 (833) 722-6966. Read the prospectus carefully before investing.

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