Performance

Average Annual Total Returns (as of June 25, 2026)

Average annual total returns for the Persimmon Long/Short Fund (NAV) and its benchmark index.
	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception
Persimmon Long/Short Fund (NAV)	6.86%	18.93%	15.68%	9.45%	7.34%	6.15%
S&P 500 Index TR	8.11%	22.24%	20.78%	13.06%	15.63%	14.99%

Total net assets: $47,237,128

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns greater than one year are annualized.

Definitions

The S&P 500 Total Return Index is an unmanaged composite of 500 large capitalization companies and includes the reinvestment of dividends. This index is widely used by professional investors as a performance benchmark for large-cap stocks. You cannot invest directly in an index.

The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements, is 2.13% for Class I.

The Fund’s adviser, Persimmon Capital Management LP, (the “Adviser”) has contractually agreed to waive management fees and to make payments to limit Fund expenses, at least until January 31, 2027, so that the total annual operating expenses of the Fund do not exceed 1.99% of average daily net assets attributable to Class I shares.