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Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-872-7823.

The Fund is distributed by Ultimus Fund Distributors, LLC (Member FINRA).

Copyright © 2019 Bruce Fund, All rights reserved.

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