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CIO TONY MINOPOLI ON FAITH-BASED INVESTING & FIXED INCOME

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DISCLOSURE

Anthony Minopoli is Executive Vice President & Chief Investment Officer for Knights of Columbus and President and Chief Executive Officer of Knights of Columbus Asset Advisors LLC. He is registered with Foreside Fund Services, LLC which is not affiliated with Knights of Columbus Asset Advisors LLC or its affiliates.

Knights of Columbus Asset Advisors (“KOCAA”) is an SEC registered investment adviser that maintains a principal place of business in the State of Connecticut. For further information about KOCAA business operations, please consult the Firms’ Form ADV disclosure documents, the most recent versions of which are available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov. KOCAA, is a wholly-owned subsidiary of Knights of Columbus, the world’s largest Catholic fraternal organization, with over $24 billion in assets under management. Please visit: KofCAssetAdvisors.org for additional information.

The Knights of Columbus Funds are distributed by SEI Investments Distribution Co. (1 Freedom Valley Dr, Oaks, PA 19456), which is not affiliated with Knights of Columbus Asset Advisors or any of its affiliates.

Before investing you should consider the funds’ investment objectives, risks, charges and expenses carefully before investing. This and other information can be found in the funds’ full or summary prospectuses, which can be obtained by calling 1-844-KC-Funds or by visiting www.kofcassetadvisors.org. Please read the prospectus carefully before investing.

Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a Fund’s objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation. Past performance does not guarantee future results.

Mutual Funds are not insured by the FDIC or any other federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate