EPIPHANY FFV FUND Class A: EPVNX (Available Load-Waived on Certain Platforms)• Class I: EPVCX

Investment Adviser: Trinity Fiduciary Partners, LLC

Class A Inception Date: 1/8/2007

Total Assets: $21 M

Number of Holdings: 68

Net Expense Ratio1 Class A: 1.50% Class I: 1.25%

Minimum Initial Investment: Class A: $1,000

Class I: $100,000 AIP: $100/month

Morningstar Category: US Large Blend

3 Year Statistics

R-Squared: 93.46 Beta: 0.98

Alpha: -3.44 Standard Deviation: 10.25

R-Squared, Beta, and Alpha use

the S&P 500 TR for Comparison.

Large Med

ium

Small

Value Blend Growth

The Morningstar Style Box™ reveals a fund’s current investment strategy.

PERFORMANCE OVERVIEW

Annualized Return (%)

3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Since Incep-

tion Inception Date

EPVNX (1) 5.13 8.50 17.56 7.57 11.20 5.89 6.05 1/8/2007

EPVNX (1) Load- -0.16 3.05 11.67 5.75 10.06 5.34 5.54 1/8/2007

EPVCX (1) 5.16 8.45 17.16 6.74 10.32 N/A 6.76 2/13/2008

S&P 500 Index 4.48 7.71 18.60 10.79 14.18 7.42 7.81 1/8/2007

All data is as of 9/30/2017. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. A Fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For per-formance information current to the most recent month-end, please call toll-free 800-320-2185.

(1) The gross expense ratio for each Class is 1.63% for Class A and 1.38% for Class I. The advisor has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until May 31, 2018, to ensure that the net annu-al fund operating expenses will not exceed the net expense ratio, subject to possible recoupment from the Fund in future years. Results shown reflect the waiver, without which the results could have been lower. Redemption fee of 2.0% on shares held less than 60 days.

Class A shares have front-end sales charge of up to 5.00%.

www.epiphanyfunds.com

September 30, 2017

Fund: EPVNX 96.85 # 86.46 # 92.92 # 93.34 #

115.8 $ 114 $ 117.7 $ 98.93 $

Category: LB 95.61 # 91.6 # 94.21 # 97.24 #

104.3 $ 106.7 $ 105.9 $ 104.4 $

1 Yr 3 Yr 5 Yr 10 Yr

Upside & Downside Capture Ratio

Our strength is our strong faith-based screening process. The Epiphany FFV Fund uses the FFV Score-card® to screen investments. The focus of the screening is to protect the dignity of human life, sup-port and protect employees and their families, and to reasonably safeguard the environment. The screening covers the full mandate from the United States Conference of Catholic Bishops (USCCB). Business practices are screened in four major areas: Life and Family Exclusions, Social Justice, Envi-ronmental Record, and Corporate Governance Practices. The screening process first excludes compa-nies with business activities that are prohibited in the life and family exclusions. Our screening covers not just SIC code but also captures products, services and revenue. We exclude companies that give corporate donations to Planned Parenthood. In addition to screening for abortion, we follow the USCCB Guidelines to screen for contraceptive products, embryonic stem cell research or fetal tissue research, human rights concerns such as child labor, wages and working conditions, discriminatory policies against minorities and women, adult entertainment, military weapons, workplace safety, lending activities and environmental fines.

FFV SCORECARD®

Fund Investment Objective: Long Term Capital Growth

Investment Strategy: The Epiphany FFV Fund seeks to invest primarily in equity securities that are attrac-

tively valued with consistent earnings and healthy cash flow and demonstrate a commitment to faith and

family values as measured by the FFV Scorecard®. The fund uses quantitative and qualitative techniques

to manage risk with the goal of providing solid cumulative returns over time.

Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security. Current and future holdings are subject to risk. Upside capture ratios are calculated by taking the Fund's monthly return during months when the benchmark had a positive return and dividing it by the benchmark return during that same month. Downside capture ratios are calculated by taking the Fund's monthly return during the periods of negative benchmark performance and dividing it by the benchmark return .

Mutual Funds involve risk, including possible loss of principal. The Epiphany FFV Fund's principal risks are ETF and other investment company risk, investment style risk, mid cap and small cap risk, moral investing risk, REIT risk, security risk, and stock market risk. Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general. The Fund may invest in ETFs and other investment companies. As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Un-derlying Fund shares and may be higher than other mutual funds that invest directly in equities. The Fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. The Fund is non-diversified with less than 50 holdings, meaning it may concentrate its assets in fewer individual hold-ings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Ad-viser made decisions based solely on investment considerations.

The S&P 500 Index is an unmanaged composite of 500 large capitalization companies. This index is widely used by professional investors as a performance benchmark for large-cap stocks. You cannot invest directly in an index.

Before investing you should carefully consider the investment objectives, risks, charges and expenses of the Epiphany Funds. This and oth-er important information about the Fund is contained in the prospectus and summary prospectus, which can be obtained by visiting www.epiphanyfunds.com or by calling 1‐800‐320‐2185. The prospectus or summary prospectus should be read carefully before investing. The Epiphany Funds are distributed by Rafferty Capital Markets, LLC.

www.epiphanyfunds.com

Retail: 800-320-2185 Advisors: 877-334-1283

EPIPHANY FFV FUND Fund Manager: Samuel J Saladino III, CFP, Since 06/2008 Daniel B. Mulvey, MBA, Since 07/2017

Meet the Portfolio Manager Dan Mulvey

Mr. Mulvey is a portfolio manager for Trinity Fiduciary Partners, LLC. He holds a B.A. in Economics and Mathematics from the University of Illinois and an M.B.A. from Fordham University. He joined Trinity Fiduciary Partners, LLC in August 2016. Mr. Mulvey serves as a Portfolio Manager for the Epiphany FFV Strategic Income Fund.

Meet the Portfolio Manager Sam Saladino

Mr. Saladino has over 20 years of in-vestment management experience and is focused on socially responsible in-vesting. He founded Trinity Fiduciary Partners, LLC and launched Epiphany Funds. He holds a B.B.A. from Baylor University and is a Certified Financial Planner. He also serves as a Portfolio Manager for Epiphany FFV Strategic Income Fund.

Dow DuPont Inc. 1.75

CBOE Holdings Inc. 1.70

Union Pacific Corp 1.69

Mastercard Inc. A 1.68

General Motors Co. 1.63

Texas Instruments Inc. 1.62

Caterpillar Inc. 1.62

FedEx Corp 1.61

Phillips 66 1.61

United Parcel Service Inc. Class B 1.60

Top Ten Holdings (% of Portfolio)

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