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Our Managers
Mark Biller
Senior Portfolio Manager

As senior portfolio manager, Mr. Biller has ultimate decision-making authority regarding all portfolio decisions and trading practices of the Sound Mind Investing Funds. His duties involve researching and selecting the underlying funds in which the Funds' invest, upgrading the Funds' investments in underlying funds and determining the overall allocation among style categories. In addition to his duties at the advisor, Mr. Biller is the executive editor of the Sound Mind Investing newsletter and online business. Mr. Biller's writings on a broad range of financial and investment topics have been featured in a variety of national print and electronic media, and he has also appeared as a financial commentator for various national and local radio programs. The Sound Mind Investing newsletter was first published in 1990 and currently has over 11,000 subscribers. Since it was first published 15 years ago, the newsletter has provided recommendations to tens of thousands of subscribers using a variety of investment strategies, including the fund upgrading strategy that is used by the Funds. Mr. Biller earned his B.S. in Finance from Oral Roberts University and worked in the tax software business before joining Sound Mind Investing in January 2000.

Eric Collier, CFA
Portfolio Manager

Mr. Collier's duties involve researching and selecting the Funds' investments, determining overall allocation among style categories, and trading, subject to the ultimate decision-making authority of the senior portfolio manager. In addition to his duties at the advisor, Mr. Collier is a co-founder of Omnium Capital, LLC, which has been providing investment advice to a private investment partnership since 2002. At Omnium Capital, he jointly oversees the firm's portfolio management services for this private investment partnership, which includes conducting analytical and quantitative research, trading, and risk management. Prior to co-founding Omnium Capital in 2001, Mr. Collier worked at Oxford Group, Ltd, a fee-only financial services firm. At Oxford Group, Mr. Collier provided investment advice to several high net-worth individuals concentrating on investment and financial planning strategies. Prior to joining Oxford Group, Mr. Collier was an investment analyst and registered investment advisor representative for Webb Financial Advisors, an investment advisory firm, where he was responsible for due diligence and manager selection on large capitalized growth and value securities, small capitalized growth and value securities, international capitalized securities, and fixed income securities. Mr. Collier graduated from Indiana University with a B.S. in Finance. He also studied at the University of Maastricht in the Netherlands in the International Business Program. He is a Chartered Financial Analyst ("CFA") charter holder, and he is a member of the CFA Institute (formerly the Association for Investment Management and Research ("AIMR")) and of the Investment Management Association of Indianapolis.

Anthony Ayers, CFA
Portfolio Manager

Mr. Ayers' duties include researching and selecting the Funds' investments, determining overall allocation among style categories, and trading, subject to the ultimate decision-making authority of the senior portfolio manager. In addition to his duties at the advisor, Mr. Ayers is a co-founder of Omnium Capital, LLC, which has been providing investment advice to a private investment partnership since 2002. At Omnium Capital, he jointly oversees the firm's portfolio management services for the private investment partnership, which includes conducting analytical and quantitative research, trading, and risk management. Mr. Ayers helped develop the advisor's risk management procedures and a proprietary daily risk management reporting system. Prior to co-founding Omnium Capital in 2001, Mr. Ayers was an Investment Analyst at Oxford Group, Ltd., where he was responsible for performing manager searches and due diligence on various mutual fund portfolio managers specializing in large capitalized growth and value securities, small capitalized growth and value securities, international capitalized securities, and fixed income securities. Prior to joining Oxford Group, Mr. Ayers was a Senior Investment Representative for Charles Schwab, where he assisted high net-worth clients with developing and trading complex option strategies, hedging concentrated portfolios, constructing diversified investment portfolios, risk management, and making individual stock and mutual fund recommendations. Mr. Ayers graduated from Indiana University with a B.S. in Finance, and he is a CFA charter holder.


You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds, and should be read carefully before investing. You may obtain a current copy of the Funds' prospectus by calling 877-SMI-FUND or by downloading one here.

Past performance does not guarantee future results. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 877-SMI-FUND.

Due to the strategy pursued by the advisor, the Funds may experience a high portfolio turnover rate. Because the Funds will bear their share of the fees and expenses of the underlying funds, you will pay higher total expenses than would be the case if you invested directly in these funds.

Asset allocation does not ensure a profit or guarantee against loss.

There is no guarantee that any investment strategy will succeed; the strategy is not an indicator of future performance; and investment results may vary.

Investments in commodities may be affected by overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes and international economic and political developments. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. These instruments may subject the Fund to greater volatility than investments in traditional securities.

Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets.

Investments in real-estate related securities involve special risks associated with real estate, such as limited liquidity and interest rate risks and may be more volatile than other securities.

An investment in an exchange-traded fund (ETF) generally presents the same primary risks as an investment in a conventional fund (i.e., one that is not exchange traded) that has the same investment objectives, strategies, and policies. The price of an ETF can fluctuate up or down, and the Fund could lose money investing in an ETF if the prices of the securities owned by the ETF go down. In addition, ETFs may be subject to the following risks that do not apply to conventional funds: (i) the market price of an ETF’s shares may trade above or below their net asset value; (ii) an active trading market for an ETF’s shares may not develop or be maintained; or (iii) trading of an ETF’s shares may be halted if the listing exchange’s officials deem such action appropriate, the shares are delisted from the exchange, or the activation of market-wide “circuit breakers” (which are tied to large decreases in stock prices) halts stock trading generally.

Derivatives are investments the value of which is “derived” from the value of an underlying asset (including an underlying security), reference rate or index. The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative. Derivatives may be used to create synthetic exposure to an underlying asset or to hedge a portfolio risk. If the Fund uses derivatives to “hedge” the overall risk of its portfolio, it is possible that the hedge may not succeed. This may happen for various reasons, including unexpected changes in the value of the rest of the Fund’s portfolio.

Funds whose investments are concentrated in a specific industry or sector may be subject to a higher degree of market risk than funds whose investments are diversified. In addition, the Fund may be subject to specific risks of the technology sector, such as obsolescence.

The Sound Mind Investing Funds are distributed by Unified Financial Securities, 2960 N. Meridian St., Suite 300, Indianapolis, Indiana 46208-4715 (Member FINRA).