RevenueShares Small Cap Fund (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P SmallCap 600 Index (S&P 600) by investing in the constituent securities of the S&P 600 in the same proportions as the RevenueShares Small Cap Index. The Fund consists of the same constituent securities as the S&P 600. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually. RevenueShares Small Cap Index is constructed using a rules-driven methodology, which re-weights the constituent securities of the S&P 600 according to the revenue earned by the companies in the S&P 600. The resulting RevenueShares Small Cap Index contains the same securities as the S&P 600, but in different proportions. The Fund's investment advisor is VTL Associates, LLC. Its sub-advisor is BNY Investment Advisors.