Reports & Investor Communications

Fact Sheets
#Centaur Total Return Fund
Prospectus and Statements of Additional Information
#Centaur Total Return Fund Summary Prospectus
#Centaur Mutual Funds Statutory Prospectus
#Centaur Mutual Funds Statement of Additional Information
Centaur Mutual Funds Reports
Year 1st Quarter Semi Annual 3rd Quarter Annual Distribution Amount
2016 Semi Annual Report 2016 Annual Report 2016 Distribution Letter to Investors 2016
2015 Semi Annual Report 2015 Annual Report 2015 Distribution Letter to Investors 2015
2014 Annual Report 2014 # #
2013 Annual Report 2013 #
Archived Tilson Mutual Fund Reports
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Other Investment Communications
#Privacy Policy
XBRL Interactive Data Files
#XBRL Instance Document
#XBRL Taxonomy Extension Schema
#XBRL Taxonomy Extension Calculation Linkbase
#XBRL Taxonomy Extension Definition Linkbase
#XBRL Taxonomy Extension Label Linkbase
#XBRL Taxonomy Extension Presentation Linkbase

Investments in the Funds are subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that either of the Funds will be successful in meeting its investment objective. Generally, the Funds will be subject to the following additional risks: market risk, management style risk, sector focus risk, foreign securities risk, non-diversified fund risk, portfolio turnover risk, credit risk, interest rate risk, maturity risk, investment grade securities risk, junk bonds or lower-rated securities risk, derivative instruments risk, valuation risks for non-exchange traded options, and real estate securities risk. More information about these risks and other risks can be found in the Fund’s prospectus.

An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at the link below or by calling Shareholder Services at 1-888-484-5766. The prospectus should be read carefully before investing.

The Fund may not be available for sale in all states. The information presented on this page is not an offer to sell or a solicitation of an offer to purchase the Fund.

Distributor: Ultimus Fund Distributors, LLC.

There is no affiliation between Centaur Capital Partners, LP, including its principals, and Ultimus Fund Distributors, LLC.