Annualized Performance Returns
Average Annual Returns Summary

Institutional Class (RFIDX)
June 30, 2017

Ranger Quest for Income & Growth Fund (Net) S&P 500 Index MSCI AC World Index
MTD 1.60% 0.62% 0.50%
YTD 6.88% 9.34% 11.82%
1 Year 10.31% 17.90% 19.42%
3 Years 0.64% 9.61% 5.39%
5 Years 5.97% 14.63% 11.14%
10 Years
Since Inception September 29, 2011 7.95% 16.13% 11.67%

Investor Class (RFTDX)
June 30, 2017

Ranger Quest for Income & Growth Fund (Net) S&P 500 Index MSCI AC World Index
MTD 1.53% 0.62% 0.50%
YTD 6.74% 9.34% 11.82%
1 Year 9.95% 17.90% 19.42%
3 Years 0.39% 9.61% 5.39%
5 Years
10 Years
Since Inception June 4, 2013 3.16% 12.55% 8.70%


Past performance does not guarantee future results. Loss of principal is possible. The investment returns and principal value of an investment in the Ranger Quest for Income and Growth Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than his or her original cost. Current performance may be lower or higher than the performance quoted. For the most recent performance results available, contact Ranger Mutual Funds at 214-871-5210. Institutional share class data (RFIDX) is for the 1-year, Month-to-Date and since-inception dates ending 6/30/2017, calculated using Institutional shares without sales charge. Total annual operating expenses as stated in the Fund’s most recent prospectus are 1.31%. Investor share class data (RFTDX) is for the Month-to-Date and since-inception dates ending 6/30/2017, calculated using Investor shares without sales charge. Total annual operating expenses as stated in the Fund’s most recent prospectus are 1.56%.
There is no guarantee the Ranger Quest for Income and Growth Fund (the “Ranger Quest Fund”) will achieve its investment objectives.Before investing you should carefully consider the Ranger Quest Fund’s investment objectives, risks, charges and expenses. This and other information is available in the Prospectus, a copy of which may be obtained by clicking here, by e-mailing info@rangerfunds.com, or by calling (866) 458-4744. We encourage you to read the Prospectus carefully before you invest. An investment in the Ranger Quest Fund is subject to a variety of risks, including the possible loss of principal amount invested. Additional risks associated with the Ranger Quest Fund include, but are not limited to, small and mid cap company risk, equity market risk, credit risk, foreign investment risk, interest rate risk, issuer specific risk, limited history of operations risk, liquidity risk, lower rated fixed income securities risk and high yield fixed income securities risk, master limited partnership risks, preferred stock risk, REIT risk, and management risk. The Ranger Quest Fund holdings and sector weightings presented herein are subject to change at any time and are not recommendations to buy or sell any securities. The S&P 500® Index includes 500 leading U.S. companies across a variety of industries and is widely regarded as a gauge of the U.S. equities market. The MSCI AC World® Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of 23 developed markets. The S&P 500® Index and the MSCI AC World® Index (the “Indices”) are presented for illustration purposes only. The Indices are not actively managed nor can you invest in the Indices. The holdings of the Ranger Quest Fund differ significantly from the securities represented in the Indices. Accordingly, comparing or contrasting the results of the Ranger Quest Fund to the results of the Indices may be of limited use.The Ranger Quest Fund is distributed by Rafferty Capital Management, LLC.THE RANGER QUEST FUND IS NOT FDIC INSURED AND HAS NO BANK GUARANTEE

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