Seven Canyons Advisors Completes the Conversion of Two Wasatch Funds

Sam and Josh Stewart will continue to manage the newly transferred funds as Seven Canyons Funds, maintaining the funds' portfolio strategies.

Seven Canyons Advisors, LLC announced the successful conversion of two mutual funds, the Wasatch World Innovators Fund (WAGTX; WIGTX) and the Wasatch Strategic Income Fund (WASIX), after shareholders of the two funds voted to name Seven Canyons as the Investment Advisor to the funds. The effective date of the funds' reorganization and conversion is September 10, 2018.

The newly named funds, Seven Canyons World Innovators Fund and Seven Canyons Strategic Income Fund, will continue to be led by their former Wasatch portfolio managers Sam Stewart and Josh Stewart, who have now joined Seven Canyons from Wasatch Advisors, Inc. The conversion of the funds did not result in a taxable transaction to shareholders and the funds will continue to maintain the same investment objectives, strategies and ticker symbols as the former Wasatch funds.

Spencer Stewart, Managing Partner and portfolio manager at Seven Canyons, said, "We are grateful to our shareholders who supported the conversion of these two Wasatch Funds to Seven Canyons. Our goal will always be to seek outstanding investment performance for our funds and strategies, and I believe we have the right team to pursue that."

Sam Stewart manages the Seven Canyons Strategic Income Fund. Josh Stewart is the lead portfolio manager of the Seven Canyons World Innovators Fund.

Seven Canyons Advisors is a registered investment advisor formed in 2017 by Spencer Stewart, a former portfolio manager at Grandeur Peak Funds, and Wesley Golby, formerly a partner at S-Squared Technology, LLC and Fleckenstein Capital Management, Inc. Sam Stewart and Josh Stewart have joined as additional partners in the firm.

The four investment partners of Seven Canyons are accomplished and experienced managers, with global expertise and decades of portfolio management experience. Sam Stewart, Ph.D., CFA^®, founded Wasatch Advisors and its Wasatch Funds. During Sam Stewart's 43-year tenure at Wasatch he helped build the company into an internationally known brand in global small-cap investing with assets of over $17 billion as of June 30, 2018.

About Seven Canyons Advisors

Seven Canyons Advisors, LLC is a 100% employee-owned investment advisor based in Salt Lake City and registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Seven Canyons brings together a small group of highly experienced investment professionals, based on a firm belief that close collaboration within a small organization provides the optimal way to identify the best global investment opportunities and the nimbleness to take advantage of them. Learn more at www.sevencanyonsadvisors.com.

Seven Canyons Funds Shareholder Services Telephone: (833) 722-6966 (833-7CANYON)

RISKS AND DISCLOSURES:

Past performance is not indicative of future results.

Mutual fund investing involves risks, and loss of principal is possible. Investment objectives may not be achieved. Investing in small-cap funds will be more volatile, and loss of principal could be greater than investing in large-cap or more diversified funds. Investing in foreign securities, especially in emerging and frontier markets, entails special risks, such as unstable currencies, highly volatile securities markets, and political and social instability, which are described in more detail in the prospectus.

An investor should consider the investment objectives, risks, charges and expenses of the Fund (or of the Investment Company) carefully before investing. To obtain a prospectus containing this and other information, please call 1-833-722-6966. Read the prospectus carefully before you invest.

The Seven Canyons World Innovators Fund's investment objective is long-term growth of capital. The Seven Canyons Strategic Income Fund's primary investment objective is to capture current income; a secondary objective is long-term growth of capital.

© 2018 Seven Canyons. All rights reserved. Seven Canyons Funds are distributed by ALPS Distributors, Inc. (ADI).

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