PERONI METHOD ®

From May 16, 2007 through June 10, 2016, Eugene E. Peroni Jr. was employed by AAM and acted as Portfolio Manager with respect to the strategy. From June 13, 2016 to the present, Peroni Portfolio Advisors, Inc. with Eugene E. Peroni Jr. as president has acted as model provider to AAM with respect to this strategy.

See the ADV for Advisors Asset Management, Inc. for more information about the firm, fees, strategies and related risks. The results and portfolios for individual portfolios may vary. Investment returns and principal value will fluctuate and there can be no assurance that any strategy’s objective will be achieved.

The S&P 500® Index is an unmanaged, market-capitalization weighted index of the 500 largest U.S. publicly traded companies by market value. It is one of the most common benchmarks for the broader U.S. equity markets. The Russell 3000® Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market.

Principal Risks:  The Peroni Method® may not identify stocks that will satisfy the portfolio’s investment objective. An investment in common stocks should be made with an understanding of the various risks of owning common stock, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market. Concentration risk is the risk that the value of your portfolio is more susceptible to fluctuations based on factors that impact a particular industry because the portfolio concentrates in securities issued by companies within that industry. Securities of foreign issuers present risks beyond those of U.S. issuers. These risks may include market and political factors related to the issuer's foreign market, international trade conditions, less regulation, smaller or less liquid markets, increased volatility, differing accounting practices and changes in the value of foreign securities. The portfolio may be concentrated in securities issued by small and mid-size companies. These stocks are often more volatile and have lower trading volumes than stocks of larger companies. Small and mid-size companies may have limited products or financial resources, management inexperience and less publicly available information.