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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GoPage Corporation (GM) | USOTC:GOPG | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0.00 | 01:00:00 |
B. RILEY DIVERSIFIED EQUITY FUND |
a series of |
WORLD FUNDS TRUST |
8730 Stony Point Parkway, Suite 205 |
Richmond, Virginia 23235 |
Supplement dated March 5, 2014 |
To the Funds Prospectus dated February 10, 2014 |
***** |
On March 5, 2014, the Board of Trustees of the Trust approved the removal of the 2.00% redemption fee applicable to the Investor Class and Institutional Class shares of the B. Riley Diversified Equity Fund that are redeemed within 60 days of purchase.
The section entitled Fees and Expenses of the Fund on pages 1-2 of the prospectus is hereby replaced in its entirety by the following:
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Shareholder Fees | Investor Class | Institutional Class | ||
(fees paid directly from your investment) | Shares | Shares | ||
Maximum sales charge (load) imposed on purchases | ||||
(as a percentage of offering price) | None | None | ||
Maximum deferred sales charges (load) | ||||
(as a percentage of the NAV at time of purchase) | None | None | ||
Redemption Fee | None | None | ||
Exchange Fee | None | None | ||
Annual Fund Operating Expenses | ||||||
(expenses that you pay each year as a percentage of the value | ||||||
of your investment) | ||||||
Management Fee | 1.25 | % | 1.25 | % | ||
Distribution (12b-1) and Service Fees | 0.25 | % | None | |||
Other Expenses (1) | 0.35 | % | 0.35 | % | ||
Acquired Fund Fees and Expenses (1) | 0.00 | % | 0.00 | % | ||
Total Annual Fund Operating Expenses | 1.85 | % | 1.60 | % | ||
Fee Waiver and/or Expense Reimbursement (2) | (0.35 | %) | (0.35 | %) | ||
Total Annual Fund Operating Expenses (After Fee Waiver | ||||||
and/or Expense Reimbursement) (2) | 1.50 | % | 1.25 | % | ||
(1) |
Based on estimated
amounts for the current fiscal year. It is anticipated that Acquired Fund Fees and
Expenses will be less than 0.01%.
|
(2) |
B. Riley Asset
Management, LLC (the Adviser) has entered into a written expense limitation
agreement under which it has agreed to limit the total expenses of the Fund (exclusive
of interest, distribution fees pursuant to Rule 12b-1 Plans, taxes, acquired fund
fees and expenses, brokerage commissions, extraordinary expenses and dividend expense
on short sales) to an annual rate of 1.25% of the average daily net assets of the
Fund. This expense limitation agreement may be terminated by the Adviser or the
Trust at any time after April 30, 2015. The Adviser may recoup any waived amount
from the Fund pursuant to this agreement if such reimbursement does not cause the
Fund to exceed existing expense limitations and the expense reimbursement is made
within three years after the year in which the Adviser incurred the expense.
|
Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Funds operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Share Class | 1 Year | 3 Years |
Investor Class Shares |
$153 | $548 |
Institutional Class Shares | $127 | $471 |
Additionally, references to the 2.00% redemption fee elsewhere in the prospectus, including in the section entitled Frequent Purchases and Redemptions are hereby deleted.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
1 Year GoPage (GM) Chart |
1 Month GoPage (GM) Chart |
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