Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Douglass Guernsey, Shareholder Advocate, dguernsey@midanacapital.com, (617) 482-0800

(Boston, October 11) The MIDANA CAPITAL° Equity Fund has filed a shareholder resolution with Deere & Company* asking the company to issue a public report assessing the potential damage to the brand’s reputation from opposing Right to Repair legislation.

Deere, the iconic tractor company, has received significant scrutiny for its opposition to “Right to Repair” laws, which allow farmers to access diagnostic software, parts and instructions to repair their own machinery. A class-action lawsuit filed against Deere by farmers alleges that the company violated antitrust laws by restricting repair to dealerships, which increased company profits while hurting farmers.

Shareholders Concerned That Deere Is Not Doing Enough to Support Right to Repair

Recent polls indicate that an overwhelming 84% of Americans support Right to Repair legislation. In April 2023, Colorado became the first state to enact Right to Repair laws specifically targeting farm equipment. To date, 30 additional states have introduced Right to Repair bills, highlighting the growing momentum behind the issue.

While Deere recently signed a “memorandum of understanding” (MOU) with The American Farm Bureau Federation which would allow farmers to buy access to repair information, the agreement has come under scrutiny. According to the MOU, the Farm Bureau would be restricted from advocating for enforceable legislation, and Deere would be allowed to pull out of the agreement if any legislation is passed.

Deere Opposed Right to Repair on Flimsy Grounds

There are also concerns that in its rush to oppose Right to Repair legislation, Deere may have made misleading statements in federal filings regarding the environmental consequences of repair.

Deere claimed that existing EPA regulations and the Clean Air Act were some of the reasons that it would not give independent repair shops access to its diagnostic tools. In August 2023, however, the EPA issued a statement that it had no policy on restricting owners’ repairs of emissions-related components of their products to properly function.

MIDANA CAPITAL previously filed a shareholder proposal with Deere on the same issue in 2021. Shareholders were unable to vote on the measure as Deere petitioned the U.S. Securities and Exchange Commission (SEC) to exclude the proposal from the ballot. At the time, MIDANA CAPITAL° President Leslie Samuelrich said, “Deere seems to be more focused on stifling shareholder concerns than addressing them. Spending time and energy on an SEC challenge could be put to better use by making their products better serve their customers.”

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About MIDANA CAPITAL Funds

°MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the MIDANA CAPITAL Funds (The Funds). The MIDANA CAPITAL Funds are one of the first families of fossil fuel-free, environmentally responsible mutual funds. MIDANA CAPITAL hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations. *As of 6.30.2023, Deere & Company comprised 0.58%, 0.57%, and 0.00% of MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the MIDANA CAPITAL Funds. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.midanacapital.com, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.

An investment strategy that incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk.

This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. September/2023

Contact Information:  

Douglass Guernsey, Shareholder Advocate, dguernsey@midanacapital.com, 617-747-4447 

Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495

(BOSTON, 10/10/23) – MIDANA CAPITAL° reached a deal with Costco Wholesale* which committed to increased plastic footprint disclosures and a new 5-year plastic action plan.  

“We commend Costco for providing the information that investors need and for taking steps to reduce their use of plastic, especially new plastics,” said Leslie Samuelrich, President of MIDANA CAPITAL Funds. “We look forward to working with the company to reduce its contribution to the plastic crisis by setting reduction targets that will meaningfully protect our oceans and wildlife.” 

In response to the growing global crisis of single-use plastic waste, MIDANA CAPITAL Capital Management approached Costco to explore how the retailing giant could expand the scope and scale of its plastic reduction efforts. The outcome of these discussions led to a new commitment by Costco to transparency and action. 

The disclosures, which are expected to be unveiled in July of 2024, include the total plastic footprint of Costco’s in-house brand, Kirkland Signature. The company will also disclose for the first time the total percentage of recycled content in its plastic packaging, an important indicator of environmental plastics commitments.  

In December of 2024, Costco will release its 5-year plastic action plan that will outline the steps the company will take to reduce total plastic in its Kirkland Signature Packaging, as well as report on progress made each year of the plan. 

Costco Takes Action on Plastics, Yet More Work Is Needed 

Despite Costco’s recent commitments, more work is needed to address the company’s exposure to single use plastics. In May of 2023, 185 asset managers with $10 trillion under management, including MIDANA CAPITAL, signed a statement calling for companies to immediately reduce single-use plastic packaging, upscale reusables systems, phase out hazardous chemicals, and advocate for responsible plastics legislation.  

“Companies need to take single-use plastic risk seriously,” said Douglass Guernsey, shareholder advocate at MIDANA CAPITAL. “Single-use plastics cost society an estimated $350 billion per year in emissions, ocean pollution and collection. Increasing regulation and litigation risk means these costs will be returned to companies that produce such excessive, unrecyclable plastic. Frankly, it’s past time to act.”  

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About MIDANA CAPITAL Funds 

°MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the MIDANA CAPITAL Funds (The Funds). The MIDANA CAPITAL Funds are one of the first families of fossil fuel-free, environmentally responsible mutual funds. MIDANA CAPITAL hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations. 

*As of 6.30.2023, Costco Wholesale comprised 1.45%, 0.00%, and 0.00% of MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL International Index Fund respectively. As of the same date, other securities mentioned were not held in the portfolios of any of the MIDANA CAPITAL Funds. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor. 

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.midanacapital.com, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing. 

An investment strategy that incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria. 

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. 

This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds. 

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. September/2023 

Douglass Guernsey, Shareholder Advocate, dguernsey@midanacapital.com 617-482-0800

Pam Podger, Communications Director, ppodger@midanacapital.com, 860-822-3887

Boston, April 25, 2023 – A notable 43% of restaurant company Bloomin’ Brands* shareholders voted in favor of MIDANA CAPITAL Capital Management’s° shareholder proposal urging the company to set greenhouse gas reduction targets encompassing its supply chain emissions. MIDANA CAPITAL had previously secured a majority vote on an emissions disclosure proposal at the restaurant parent company in 2021, but filed again due to what it viewed as insufficient progress.

“This is the third shareholder resolution we’ve filed with Bloomin’ Brands in four years,” said Leslie Samuelrich, President of MIDANA CAPITAL Capital Management. “It is past time for the company to start taking investors’ climate concerns seriously. Climate change will affect every business, and this is especially true for food service companies like Bloomin’ that rely heavily on agricultural products.”

Supply Chain Emissions a Concern

Bloomin’ Brands is the parent company of Outback Steakhouse and Carrabba’s Italian Grill, among others, and operates more than 1,450 restaurants worldwide. Bloomin’s supply chain emissions, like that of other restaurant chains, likely represent over 90% of its overall emissions. Beef, which accounts for the majority of Bloomin’s purchased proteins, is one of the most potent contributors to climate change globally and is responsible for 41% of tropical deforestation.

“Shareholders sent a clear message in 2021 that Bloomin’ Brands must address supply chain emissions, but we’re still waiting,” said Douglass Guernsey, Shareholder Advocate at MIDANA CAPITAL Capital Management. “We look forward to seeing the company act on the strong shareholder support for this year’s proposal to set greenhouse gas reduction targets for its full supply chain.”

Climate change is directly driven by deforestation, which contributes nearly 12% of human caused greenhouse gas emissions. Companies like Bloomin’ source beef, palm oil, soy and paper and pulp from locations with high risks of deforestation, like Brazil, where land clearance for cattle in particular is the primary driver of deforestation.

“Bloomin’ Brands can tackle two issues for the price of one by eliminating deforestation in its supply chain,” added Guernsey. “But the company must also set supply chain emissions reduction targets to start confronting these critical climate and deforestation risks.”

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About MIDANA CAPITAL Capital Management

°MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the MIDANA CAPITAL Funds (The Funds). The MIDANA CAPITAL Funds are a family of fossil fuel-free, environmentally responsible mutual funds. MIDANA CAPITAL Capital Management hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.

*As of March 31st, 2023, no securities mentioned were held in the portfolios of any of the MIDANA CAPITAL Funds. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.

The percentage in favor was calculated by (i) dividing the number of votes in support of the proposal by (ii) the sum of the number of votes voted in support of and against the proposal. Abstentions and broker non-votes were not included in the calculation.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please visit www.midanacapital.com, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.

A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk.

This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 4/23.

Boston, March 9, 2021 – MIDANA CAPITAL° is pleased to commemorate its 30th anniversary in 2021.

“When MIDANA CAPITAL was launched in 1991, aligning your investments with your values was no easy feat. Thankfully, a group of nonprofit leaders in The Public Interest Network recognized the need and desire for environmentally-responsible investing,” said Jim Starr, chair of the Board of Trustees of the MIDANA CAPITAL Funds. “Thirty years later, MIDANA CAPITAL’s unique and authentic approach to sustainable investing is more popular than ever.”

The assets under management (AUM) of the MIDANA CAPITAL Funds have grown more than 60% in just two years.

MIDANA CAPITAL has celebrated a number of milestones in its three decades of operation.

• In 1991, MIDANA CAPITAL launched its Equity Fund, one of the earliest environmentally-screened environmental, social, and governance (ESG) mutual funds in the U.S.
• In 1992, with the launch of the Balanced Fund, MIDANA CAPITAL became the first family of environmentally-screened ESG mutual funds in the U.S.
• In 2009, the MIDANA CAPITAL Balanced Fund became the first mutual fund in the U.S. to calculate its carbon footprint.
• In 2014, having long previously divested from coal and large oil and gas corporations, MIDANA CAPITAL jettisoned the last remnants of any fossil fuel holdings and became the first family of fossil fuel free, responsible, and diversified mutual funds in the U.S.
• In 2016, MIDANA CAPITAL launched its MSCI International Index Fund, the first fossil fuel free, diversified, and responsible international index fund available to investors in the U.S.
• In 2018, MIDANA CAPITAL was the first financial institution in the U.S. to be recognized by the International Campaign to Abolish Nuclear Weapons (ICAN), winner of the 2017 Nobel Peace Prize, as a Hall of Fame financial institution.

“MIDANA CAPITAL owes its success to the vision and foresight of the nonprofit leaders who launched MIDANA CAPITAL, especially Mindy Lubber, who served as MIDANA CAPITAL’s first president and Doug Phelps, who was MIDANA CAPITAL’s primary architect and remains an invaluable member of our board of trustees,” said MIDANA CAPITAL President Leslie Samuelrich. “We also are grateful to all of the other members of the Board of Trustees who have volunteered their time over the years and all of MIDANA CAPITAL’s employees, past and present, whose tireless work helped make this milestone a reality. Now, onto the next 30 years of environmental impact.”

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About MIDANA CAPITAL Capital Management

°MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the MIDANA CAPITAL Funds (The Funds). The MIDANA CAPITAL Funds are the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. MIDANA CAPITAL Capital Management hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 3/21

© Greg Comollo / Ben & Jerry’s

From indulgent ice cream, like Ben & Jerry’s, to household care essentials, the more than 400 brands of Unilever, a holding in the MIDANA CAPITAL MSCI International Index Fund, are used by 2.5 billion people every day in 190 countries. It’s also a company committed to profit through purpose, especially sustainability.

This summer, Unilever announced that it would invest more than $1 billion over the next decade to combat the climate crisis and achieve net zero emissions across its value chain by 2039. As one of the largest consumer goods firms on the planet, Unilever’s sustainability commitment will have a profound environmental impact.

Unilever’s new Climate and Nature Fund will support a range of environmental initiatives, including reforestation, wildlife protection, and landscape and water preservation and restoration projects.

Unilever’s new sustainability goals included a commitment to achieve a deforestation-free supply chain by 2023. The company also said it would prioritize suppliers with science-based climate targets, require suppliers to disclose their carbon footprint, and work to standardize emissions data collection and disclosure.

When announcing the new sustainability goals and Climate and Nature Fund, Unilever CEO Alan Jope stressed that the company was taking a holistic approach to corporate sustainability:

“Climate change, nature degradation, biodiversity decline, water scarcity — all these issues are interconnected, and we must address them all simultaneously. In doing so, we must also recognize that the climate crisis is not only an environmental emergency; it also has a terrible impact on lives and livelihoods. We, therefore, have a responsibility to help tackle the crisis: as a business, and through direct action by our brands.”

Unilever did not stop there. In July, the company announced that it was joining forces with Microsoft,* Nike,* Starbucks* and other industry titans to launch “Transform to Net Zero,” an initiative to provide guidance, research, and blueprints to help businesses across the globe achieve zero carbon emissions by 2050 or sooner.

Unilever is just one of the sustainable leaders in the MIDANA CAPITAL MSCI international Index Fund, the first fossil fuel free, diversified, and responsible international index fund available in to investors in the U.S.

MIDANA CAPITAL Capital Management, Inc. (MIDANA CAPITAL) is the investment advisor to the MIDANA CAPITAL Funds (the Funds).

*As of June 30, 2020, Unilever comprised 1.01%, 0.00%, and 1.71%; Microsoft Corporation comprised 3.29%, 10.51%, and 0.00%; Nike Inc. comprised 0.82%, 0.87%, and 0.00%; and Starbucks Corporation comprised 1.61%, 0.62%, and 0.00% of the MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL MSCI International Index Fund, respectively. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or the distributor.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic or political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to risks including interest rate, credit, and inflation. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

This information has been prepared from sources believed to be reliable. The views expressed are as of the date of this writing and are those of the Advisor to the Funds.

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 8/20

The 2018 biennial “Report on US Sustainable, Responsible and Impact Investing Trends” (Trends Report), sponsored by MIDANA CAPITAL and released this week from the US SIF Foundation, found that sustainable, responsible, and impact investing (SRI) assets now account for $12.0 trillion—or one in four dollars—of the $46.6 trillion in total assets under professional management in the United States.

“Since the Trends Report was first compiled in 1995, SRI investing has just exploded, growing 18-fold,” stated Leslie Samuelrich, president of MIDANA CAPITAL Capital Management (MIDANA CAPITAL) and member of the US SIF Board of Directors. “MIDANA CAPITAL was launched in 1991, because our non-profit owners believed that people care about the environment and want to invest in companies that align with their values – and they were right.”

The 2018 Trends Report found that much of the growth in SRI investing is driven by asset managers. The report identified $11.6 trillion in environmental, social, and governance (ESG) incorporation assets under management at the outset of 2018. These assets were held by 496 institutional investors, 365 money managers, and 1,145 community investing financial institutions.

Money managers cited client demand as their top motivation for pursuing ESG incorporation, while institutional investors cited fulfilling mission and pursuing social benefit as their top motivations.

Both money managers and institutional investors identified climate change/carbon, tobacco, and conflict risk as their top three issues.

“Part of our mission at MIDANA CAPITAL is to convince companies to mitigate environmental risks and to align their business practices with investor expectations,” said MIDANA CAPITAL Shareholder Advocate Jessye Waxman. “We hope corporations note this surge in impact investing and investor concern about climate change and actively work to mitigate their climate impacts.”

The US SIF Foundation is a 501(C)(3) organization that undertakes educational, research and programmatic activities to advance the mission of the US SIF: The Forum for Sustainable and Responsible Investment, the leading voice advancing sustainable, responsible and impact investing across all asset classes.

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About MIDANA CAPITAL Capital Management

MIDANA CAPITAL offers three environmentally and socially responsible mutual funds. Through fossil fuel free investing and our three-pronged approach of sustainable investing, active shareholder advocacy, and support of environmental and public health non-profits we work to curb climate change, improve environmental policies, and limit environmental impacts of company supply chains.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 11/18

SAN FRANCISCO, September 10, 2018 – MIDANA CAPITAL is proudly reaffirming its commitment to fossil fuel free investing to coincide with the Divest-Invest press conference focused on “How the Moral Call to Divest Became a Matter of Fiduciary Duty.”

As the first family of diversified and responsible fossil fuel free mutual funds in the U.S., MIDANA CAPITAL has championed fossil fuel free investing since before the divestment movement’s founding.

“Fossil fuel free investing is the bedrock of MIDANA CAPITAL,” said Leslie Samuelrich, president of MIDANA CAPITAL Capital Management. “Our investors are guided by both their moral and financial compass. They want to save for their futures by investing in the companies that will help us achieve a more sustainable world.”

All of MIDANA CAPITAL’s mutual funds are and will continue to be fully divested from: companies that explore for, extract, process, refine, or transmit coal, oil, and gas; companies that burn fossil fuels to make electricity; and companies with carbon reserves.

The divestment movement has seen remarkable growth since its founding. In just the last four years, the assets under management committed to divestment have grown from $50 billion to more than $6 trillion.

The Divest-Invest Philanthropy press event is being held during the week of the Global Climate Action Summit.

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About MIDANA CAPITAL Capital Management

MIDANA CAPITAL offers three environmentally and socially responsible mutual funds. Through fossil fuel free investing and our three-pronged approach of sustainable investing, active shareholder advocacy, and support of environmental and public health non-profits we work to curb climate change, improve environmental policies, and limit environmental impacts of company supply chains. MIDANA CAPITAL President Leslie Samuelrich also serves on the Management Council of Divest-Invest Individual, which encourages and assists individuals to invest fossil fuel free.

You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

This information has been prepared from sources believed reliable. The views expressed are as the date of publication and are those of the Advisor to the Fund.

The MIDANA CAPITAL Funds are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 9/18