May 26, 2011
TFS Market Neutral To Restrict Asset Flows
TFSMX has issued a supplement to the prospectus to further restrict inflows into the Fund. Click through to view the supplement that was filed.

December 17, 2010
TFS Market Neutral Reopening to a Soft Close    (62 KB)
TFS Market Neutral will move back to a soft close effective close of business on January 7, 2011.

January 25, 2007
TFSMX - The Best Mutual Fund of 2006?     (62 KB)

TFS Capital Launches Long/Short Equity Mutual Fund - September 15, 2004    (25 KB)

The performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The Fund charges a 2% redemption penalty on shares invested for less than 90 days. If shares are redeemed within the 90 day period, investment returns would be reduced from those shown above. Fee waivers and/or expense reimbursements by the Adviser have positively impacted the Fund's performance. Without such waivers and/or reimbursements, performance would have been lower. An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a summary prospectus and/or prospectus, which each contain this and other important information, go to www.TFSCapital.com or call (888) 534-2001. Please read the summary prospectus and/or prospectus carefully before investing. The Fund may not be suitable for all investors.

The above articles are being provided for informational purposes only and should not be considered an offer or solicitation for any product managed by TFS. An offer for the private funds managed by TFS will occur only upon delivery of an individualized Confidential Offering Memorandum, which will take place only after discussions with TFS regarding the security and a determination by TFS that the investor is an appropriate purchaser under the securities laws.