Investment Team

Zeke Ashton

Portfolio Manager

Zeke Ashton has managed the Centaur Total Return Fund (formerly called the Tilson Dividend Fund) since its inception in March 2005. Mr. Ashton is the founder and managing partner of Centaur Capital Partners. Founded in 2002, Centaur Capital Partners specializes in value-oriented investment strategies. Prior to launching Centaur Capital, Mr. Ashton served as an investment analyst and featured writer for The Motley Fool, an investment media company. From 1995 – 2000, Mr. Ashton worked in treasury and risk management consulting, where he worked as a consultant and project manager for various clients in Europe and North America. Mr. Ashton graduated from Austin College in Sherman, Texas in 1995 with degrees in Economics and German.

Bryan Adkins

Securities Analyst

Bryan Adkins joined Centaur Capital Partners in 2006 as an analyst with a focus on the retail and technology sectors as well as portfolio administration. Mr. Adkins graduated from Dallas Baptist University in 2006 with a degree in finance.

Investments in the Funds are subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that either of the Funds will be successful in meeting its investment objective. Generally, the Funds will be subject to the following additional risks: market risk, management style risk, sector focus risk, foreign securities risk, non-diversified fund risk, portfolio turnover risk, credit risk, interest rate risk, maturity risk, investment grade securities risk, junk bonds or lower-rated securities risk, derivative instruments risk, valuation risks for non-exchange traded options, and real estate securities risk. More information about these risks and other risks can be found in the Fund’s prospectus.

An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at the link below or by calling Shareholder Services at 1-888-484-5766. The prospectus should be read carefully before investing.

The Fund may not be available for sale in all states. The information presented on this page is not an offer to sell or a solicitation of an offer to purchase the Fund.

Distributor: Ultimus Fund Distributors, LLC.

There is no affiliation between Centaur Capital Partners, LP, including its principals, and Ultimus Fund Distributors, LLC.