The ICM/Isabelle Small Cap Value Fund ("Fund") and Ironwood Capital Management, LLC, the Fund's Investment Adviser ("ICM", togheter with the Fund referred to herein as "we") are committed to protecting the privacy of your financial information. This Privacy Policy Notice summarizes our policies relating to the collection, disclosure and protection of your nonplublic personal information.

We do not disclose any nonpublic personal information about you to anyone, except as permitted by law. Specifically, so that we may continue to effect transations that you request or authorie, we may disclose the information we collect to companies that perform administrative or makerting services on our behalf, such as transfer agents, or printers and mailers that assist us in the distribution of investor materials. These companies will use this information only for the services for which we hired them, and are not permitted to use or share this information for any other purpose.

If you decide at some point either to close your account(s) or to become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.

With regard to our internal security procedures, we restrict access to your personal and account information to those employees who need to know that information to service your account. We maintain physical, electronic and procedural safeguards to protect your nonpublic personal information.

This Privacy Policy Notice applies only to individuals who have a qualifying customer relationship with us. If you have a relatinship with us throught a third party intermediary, such as a broker or a financial planner, you may be subject to their privacy policy rather than ours.

This Privacy Policy does not constitute part of the prospectus.


Investments in smaller companies generally carry greater risk than is customarily associated with larger companies for various reasons such as narrower product lines, limited financial resources, and less depth in management. Distributed by Foreside Fund Services, LLC. Privacy Policy and Terms of Use
.
.
.
.