TILDX

DCM/ High Equity Income Innovation Fund

DCM / INNOVA

TILDX

High Equity Income Innovation Fund Overview

Performance & Fees

Portfolio

What Sets Us Apart

Attractive Income, Paid Monthly

The High Equity Income Innovation Fund endeavors to produce attractive dividend income monthly. The Fund is comprised mostly of companies’ common stocks, and thus may also meet the capital appreciation needs of investors over a full market cycle. The Fund is designed to have a low tracking error against the S&P 500 and thus may provide investors with a highly similar risk/reward experience of an S&P 500 weighted portfolio. However, a potentially material difference is the income component. The Fund may make sense for advisors that know their client needs core, S&P 500-type equity exposure and yet have high income as a driver. The Fund endeavors to produce high dividend income without the use of leverage.

Distributions

Fund Facts Ticker

TILDX

CUSIP

15136Y100

Asset Class

U.S. Equity

Benchmark

S&P 500

Fund Stats Fund Assets

$7.09M

Number of Holdings

427

YTD

11.31%

30 Day SEC Yield

0.31%

30 Day SEC Yield Unsubsidized

-1.96%

Trailing 12-Month Yield

4.28%

As of

9/30/2023

The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 888-484-5766.

Portfolio Managers Vijay K. Chopra, PhD, CFA DIrector, Quantitative Equity Strategies 25+ Years of Experience, 3 Years on the Fund Marc Rappaport Chief Executive Officer 30+ Years of Experience, 1 Year on the Fund

DCM/

Trailing 12-Month Yield is Used to analyze mutual fund or exchange-traded fund (ETF) performance, and refers to the percentage of income a portfolio has returned to investors over the last 12 months. 30-Day SEC Yield (Subsidized/Unsubsidized) represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.

High Equity Income Innovation Fund • 3Q23

DCM / INNOVA

TILDX

High Equity Income Innovation Fund Overview

Performance & Fees

Portfolio

Distributions

Annualized

Quarterly (%) 3-Months

YTD

1-Year

3-Years

5-Years

10-Years

TILDX

-3.33

11.31

18.36

2.89

2.73

4.93

Since Inception 7.29

S&P 500

-3.27

13.07

21.62

10.15

9.92

11.91

9.32

DJ US Select Dividend

-3.69

-7.84

4.84

14.08

5.76

9.09

7.50

As of 9/30/2023

S&P 500 Index is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. Dow Jones U.S. Select Dividend Index seeks to represent the top 100 U.S. stocks by dividend yield. The Index is derived from The Dow Jones U.S. Index and generally consists of 100 dividend paying stocks that have 5 year dividend payout ratios of 60 percent or less.

Cumulative (%) 1-Year

3-Years

5-Years

10-Years

Since Inception

TILDX

18.36

8.93

14.42

61.75

268.69

S&P 500

21.62

33.65

60.44

208.21

422.02

DJ US Select Dividend

4.84

48.49

32.31

138.77

282.29

As of 9/30/2023

The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 888-484-5766.

Fees Gross Expense Ratio

1.92%

Net Expense Ratio

1.53%

“Total Annual Fund Operating Expenses’ and “ Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements” will not correlate to the values of expenses to the avg net assets in the DCM/INNOVA Funds Financial Highlights, which reflect the operating expenses of the DCM/INNOVA Fund and do not include “Acquired Fund Fees and Expenses” DCM Advisors has entered into an Expense Limitation Agreement with the DCM/INNOVA Fund under which it has contractually agreed to reduce the amount of investment advisory fees to paid to the Advisor by the DCM/INNOVA Fund and to assume other expenses of the DCM/INNOVA Fund if necessary, in an amount that limits the DCM/INNOVA Fund’s annual operating expenses to not more than 1.5% of the average daily net assets of the DCM/INNOVA Fund for the period ending December 31, 2023

DCM/

High Equity Income Innovation Fund • 3Q23

DCM / INNOVA

TILDX

High Equity Income Innovation Fund Overview

Portfolio

Performance & Fees

Portfolio Stats As of 9/30/2023

Distributions

Risk Measures TILDX

S&P 500

TILDX 1-year

S&P 500 1-year -

427

504

As of 9/30/2023

4.28%

1.62%

Active Share

16.16

Avg Market Capitalization ($bn)

639

631

Alpha

-2.70

P/B Ratio

4.04

4.08

Beta

0.97

-

P/E Ratio (1-Yr Forward)

17.81

17.92

Information Ratio

-2.71

-

P/E Ratio (1-Yr Trailing)

20.69

21.45

Sharpe Ratio

1.16

1.30

Return on Assets

3.91

3.72

15.60

16.00

Return on Equity

16.2

17.0

TILDX

S&P 500

Number of Holdings Trailing 12-Month Yield

Top 10 Holdings As of 9/30/2023

Standard Deviation

Sector Breakdown Weight (%)

As of 9/30/2023

MICROSOFT

7.0

Communication Services

8.5

8.8

APPLE

6.9

Consumer Discretionary

11.3

10.6

AMAZON

3.4

Consumer Staples

7.0

6.5

EXXON MOBIL

2.8

Energy

5.2

4.7

NVIDIA

2.7

Financials

11.7

12.8

ALPHABET CL C

2.3

Health Care

13.5

13.3

ELI LILLY

1.7

Industrials

7.6

8.3

ALPHABET CL A

1.7

Information Technology

26.8

27.4

META PLATFORMS

1.7

Materials

4.4

2.4

TESLA

1.6

Utilities

2.1

2.4

Real Estate

2.1

2.4

Total of Top 10

DCM/

32.0

High Equity Income Innovation Fund • 3Q23

DCM / INNOVA

High Equity Income Innovation Fund Overview

Performance & Fees

Portfolio

TILDX

Distributions

Fund Distribution Frequency Current Yield (Distribution Yield; Non-Annualized)

Reinvest NAV

Dividend Paid

10/1/2022

$9.88

$0.000

0.0%

0.0%

11/29/2022

$10.37

$0.026

0.2%

3.0%

12/28/2022

$9.61

$0.029

0.3%

3.6%

1/31/2023

$10.30

$0.016

0.2%

1.8%

2/28/2023

$10.05

$0.039

0.4%

4.7%

3/31/2023

$10.36

$0.000

0.0%

0.0%

4/28/2023

$10.47

$0.031

0.3%

3.6%

5/31/2023

$10.36

$0.093

0.9%

10.7%

6/30/2023

$10.94

$0.071

0.6%

7.8%

7/31/2023

$11.26

$0.043

0.4%

4.6%

8/31/2023

$10.97

$0.078

0.7%

8.6%

9/29/2023

$10.44

$0.021

0.2%

2.4%

0.037

0.35%

4.23%

Ex-Date

Past 12 Month Average Monthly Distribution TTM (Trailing Twelve Months) Yield

Effective Yield (Annualized)

1

4.28%

Important Risk Information Before investing, you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus, a copy of which may be obtained by calling (888) 484-5766. Please read the prospectus carefully before you invest. An investment in the DCM/INNOVA Fund is subject to investment risks, including the possible lose of some or all of the money invested. There can be no assurance that the DCM/INNOVA Fund will be successful in meeting its investment objective. Generally, the DCM/INNOVA Fund will be subject to the following additional principle risks: Market Risk: The prices of and the income generated by the DCM/INNOVA Fund’s securities may decline in response to, among other things, investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations. Certain market events could cause turbulence in financial markets, and reduced liquidity in equity, credit and fixed income markets, such as changes in government economic issues, which may negatively affect manyu issuers domestically and around the world. During periods of market volatility, security prices (including securities held by the DCM/INNOVA Fund) could change drastically and rapidly and, therefore, adversely affect the DCM/INNOVA Fund. Management Style Risk: The performance of the DCM/INNOVA Fund may be better or worse than the performance of stock funds that focus on other types of stocks of have a broader investment style. Sector Focus Risk: While the DCM/INNOVA Fund does not focus its investments on a particular sector, the DCM/INNOVA Fund may, at times, be more heavily invested in certain sectors, which may cause the value of its shares to be especially sensitive to factors and economic risks that specifically affect those sectors and may cause the DCM/INNOVA Funds’s share price to fluctuate more widely than the shares of a mutual fund that invests in a broader range of industries. Large-Capitalization Company Risk: Large-capitalization companies are generally more mature and may be unable to respond as quickly as smaller companies to competitive challenges, such as changes in technology and consumer tastes, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion. Investing involves risk, including loss of principal. There is no guarantee that this, or any investing strategy will be successful. An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Fund is distributed by Ultimus Fund Distributors, LLC. (Member FINRA). There is no affiliation between DCM Advisors, LLC and Ultimus Fund Distributors, LLC. 17483772-UFD-10/18/2023

DCM/

High Equity Income Innovation Fund • 3Q23