150 West Main Street
Suite 1700
Norfolk, VA 23510
Phone: 757.623.3676

WSTCM Sector Select Risk-Managed Fund

(Formerly known as WST Asset Manager – U.S. Equity Fund)


Investment Objective

The investment objective of WSTCM Sector Select Risk-Managed Fund is to seek long-term capital appreciation through risk-managed exposure to U.S. large cap equity, while maintaining a secondary emphasis on generating income.


Portfolio Structure

The Fund is a “fund of funds.” The term “fund of funds” is typically used to describe mutual funds, such as the Sector Select RM Fund, whose primary investment strategy involves investing in other investment companies, such as ETFs and other mutual funds (e.g. open end and closed end mutual funds).

To achieve its investment objective, the Fund intends to make investments corresponding to those investments in the WSTCM Sector Select Risk-Managed Index ("WSTE Index"), which is a custom public index created and also managed by the Advisor. The WSTE Index is published daily by Bloomberg under the symbol "WSTE" and is calculated by S&P Dow Jones Indices. Both the Fund and the WSTE Index use the same proprietary quantitative model developed by WST to make investment decisions and allocate investments among the various primary sectors of the S&P 500 Index, fixed income securities and gold related securities. The Sector Select Risk-Managed Model is designed to allocate portfolio investments by evaluating asset class correlation, volatility, trends and momentum. The investment universe is made up of the nine equity sectors, one gold and five fixed income ETFs. The basis for securities being included in the model centers around investment thesis and efficient execution. The ETFs utilized in the Sector Investments are S&P 500 equal-weight sectors, which the manager believes to add value in and of themselves over traditional cap-weighted sector funds. The Fixed Income Investments are included in the model to potentially dampen equity volatility to varying degrees. The fixed income ETFs differ in duration or interest rate sensitivity and are selected based on the current forecast of the model, and the Gold Investments are selected to provide a potential non-correlated asset in times of extreme market volatility.

The Sector Investments in which the Fund may invest will generally consist of ETFs or baskets of securities representing one or more of the primary industry sectors of the S&P 500 Index. Currently, the primary industry sectors are consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology and utilities.The Sector Select Risk-Managed Model identifies and overweights the five leading S&P 500 sectors on the basis of momentum and risk-adjusted return, with the highest allocation to the top ranked sector; protection is sought by eliminating sectors that are experiencing greater market volatility and risk. The Fund may focus on specific sectors at different times depending on the Advisor’s assessment of market conditions.

Fixed Income Investments of the Fund will normally include ETFs or baskets of fixed income securities that are primarily considered "investment grade" at the time of investment.

Gold Investments will generally be in securities of companies (which may be ETFs) that buy and hold physical gold. The Fund does not intend to hold gold directly.


Fund Risks

An investment in the Fund is subject to investment risks; therefore you may lose money by investing in the Fund. There can be no assurance that the Fund will be successful in meeting its investment objective. The Fund is not intended to be a complete investment program. Generally, the Fund will be subject to the following principal risks:

Risks Related to “Fund of Funds” Structure: The Sector Select RM Fund is a “fund of funds.” The term “fund of funds” is typically used to describe mutual funds, such as the Sector Select RM Fund, whose primary investment strategy involves investing in other investment companies, such as ETFs and other mutual funds (e.g. open end and closed end mutual funds).” Investments in ETFs and other pooled investments subject the Fund to paying its proportionate share of fees and expenses from those investments.

Investment Model Risk: The share price of the Fund changes daily based on the performance of the securities in which it invests, the selection of which are determined primarily by the Investment Model. There can be no assurance that the use of the Investment Model will enable the Fund to achieve positive returns or outperform the market.

Sector Risk: Sector risk is the possibility that securities within the same group of industries will decline in price due to sector-specific market or economic developments. Additionally, some sectors could be subject to greater government regulation than other sectors, which may impact the share price of companies in these sectors.

Risks Related to Investing in Precious Metals: Risks related to investing in gold include production risks caused by geologic and environmental factors. Furthermore, investments related to precious metals may fluctuate sharply over short periods of time and are considered speculative and are affected by a variety of worldwide economic, financial, and political factors.

Fixed Income Securities Risk: There are risks associated with the potential investment of the Fund's assets in fixed income investments, which include credit risk, interest rate risk, and maturity risk. These risks could affect the value of investments of the Fund, possibly causing the Fund's share price and total return to be reduced and fluctuate more than other types of investments.

XBRL Files : eXtensible Business Reporting Language

The XBRL files above can only be read with special viewer software. Additional information on the XBRL language and a free version of the viewer software is available on the SEC’s website at xbrl.sec.gov.

Please note that the XBRL file does not include all of the information contained in the Prospectus or Summary Prospectus. To access the full text of a Prospectus or Summary Prospectus, click on the link for each fund in the Prospectus or Summary Prospectus columns above.

Management Team

Wayne F. Wilbanks, CFA
  Wilbanks Smith & Thomas
Asset Management, LLC
Chief Investment Officer
 
Roger H. Scheffel Jr., CPA, PFS
  Wilbanks Smith & Thomas
Asset Management, LLC
Principal & Portfolio Manager
 
Thomas F. McNally, CMT, CFA
  Wilbanks Smith & Thomas
Asset Management, LLC
Portfolio Manager


You should consider the investment objectives, risks, charges, and expenses of the WSTCM Funds carefully before investing. The prospectus contains this and other information about WSTCM Funds. You may obtain one by clicking the prospectus link or by calling 1-866-515-4626. Please read it carefully before investing. WSTCM Funds are distributed by Foreside Fund Services, LLC.

How to Invest

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Click here for a Prospectus, which contains this and other important information, or call 866-515-4626. Please read the prospectus carefully before investing. The Fund may not be suitable for all investors.

Available through:

Charles Schwab & Co., Inc.

or

Invest directly with the Fund:

  • Obtain and complete a new account application here or by calling 866-515-4626.
  • Be sure to read the Prospectus carefully to ensure that you select the appropriate share class.
  • Make your check for the minimum initial investment or more payable to WST Funds or make arrangements for a wire transfer by calling 866-515-4626.
  • Send your completed application and check to:

    Regular Mail
    WST Funds
    P.O. Box 46707
    Cincinnati, Ohio 45246-0707

    Overnight
    WST Funds
    225 Pictoria Drive, Suite 450
    Cincinnati, Ohio 45246



You should consider the investment objectives, risks, charges, and expenses of the WSTCM Funds carefully before investing. The prospectus contains this and other information about WSTCM Funds. You may obtain one by clicking the prospectus link or by calling 1-866-515-4626. Please read it carefully before investing. WSTCM Funds are distributed by Foreside Fund Services, LLC.

Investment Managers


Investment Professionals

  Wayne F. Wilbanks, CFA
Wilbanks Smith & Thomas Asset Management, LLC
Chief Investment Officer
 
  Roger H. Scheffel Jr., CPA, PFS
Wilbanks Smith & Thomas Asset Management, LLC
Principal and Portfolio Manager
 
  Thomas F. McNally, CMT, CFA
Wilbanks Smith & Thomas Asset Management, LLC
Portfolio Manager


You should consider the investment objectives, risks, charges, and expenses of the WSTCM Funds carefully before investing. The prospectus contains this and other information about WSTCM Funds. You may obtain one by clicking the prospectus link or by calling 1-866-515-4626. Please read it carefully before investing. WSTCM Funds are distributed by Foreside Fund Services, LLC.

Fees

For fee information see the prospectus.



You should consider the investment objectives, risks, charges, and expenses of the WSTCM Funds carefully before investing. The prospectus contains this and other information about WSTCM Funds. You may obtain one by clicking the prospectus link or by calling 1-866-515-4626. Please read it carefully before investing. WSTCM Funds are distributed by Foreside Fund Services, LLC.