The Ambassador Fund

Distributions are declared by the Board of Trustees and are not guaranteed. Amount, frequency and timing may vary, and future distributions may be reduced, suspended or eliminated. Dates shown for periods that have not yet occurred are estimates. A distribution reduces net asset value per share on the ex-date. It is not a yield and is not a total return, and the per-share totals shown should not be used to estimate either. Consult the Fund’s tax documents for the character of each distribution (ordinary income, capital gain, or return of capital). Figures are for the Institutional Class (EMPIX); Class S per-share amounts differ.