COLUMBUS, INDIANA, January 27, 2025—Kirr, Marbach & Company, LLC is pleased to announce the Kirr, Marbach Partners Value Fund (KMVAX) demonstrated exceptional annual performance in 2024, finishing the year in the top 4% among 403 Morningstar Mid-Cap Blend Funds based on total returns.  This follows a top 18% ranking among 420 Morningstar Mid-Cap Blend Funds based on total annual returns in 2023.  See the standardized performance table below.

“We are delighted the Kirr, Marbach Partners Value Fund earned this ranking from Morningstar,” said Mark D. Foster, CFA, the Fund’s Portfolio Manager and Chief Investment Officer of Kirr, Marbach & Company, LLC, the Fund’s adviser.  He added, “We are big believers in eating our own cooking.  We are invested alongside our fellow shareholders and are pleased our ‘slow and steady’ value approach has been generating strong performance for them.”

Kirr, Marbach & Company, LLC is a registered investment adviser located in Columbus, Indiana.  We have been independently owned and managed since our predecessor was founded on May 1, 1975.  As of December 31, 2024, we had approximately $513 million in assets under management.

Kirr, Marbach Partners Value Fund – Standardized Performance

The Fund’s Gross Expense Ratio and Net Expense Ratio were 1.45% according to the Prospectus dated January 28, 2025. The Adviser has contractually agreed to reduce its fees at least until February 28, 2026.

Effective January 28, 2025, (1) the Adviser has contractually agreed to lower its management fee from 1.00% to 0.90% of the Fund’s average daily net assets and (2) the Adviser has contractually agreed to waive its management fee and/or reimburse the Fund’s other expenses to the extent necessary to ensure that the total annual operating expenses do not exceed 1.35% of its average net assets until February 28, 2026.

Performance data quoted represents past performance; past performance is no guarantee of 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.

Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-800-980-8039.

The fund imposes a 1.00% redemption fee on shares held less than 30 days. Performance data quoted does not reflect the redemption fee. If reflected, total returns would be reduced.

The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus contain this and other important information about the fund and may be obtained by calling the Kirr, Marbach Partners Value Fund at 800-870-8039. Please read it carefully before investing.

(1) The performance data quoted assumes the reinvestment of capital gains and income distributions. Performance also reflects fee waivers in effect. In absence of fee waivers, total return would be reduced. The performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

(2) The S&P 500 Index is an unmanaged, capitalization-weighted index generally representative of the U.S. market for large capitalization stocks. This Index cannot be invested in directly.

Investing involves risk and principal loss is possible. Investments in medium- and small-capitalization stocks have historically been subject to greater investment risk than large-capitalization stocks.

Morningstar Percentile Rankings represent a fund’s total return percentile rank relative to its Morningstar category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees. Morningstar ranked KMVAX in the top 4%, 6%, 16% and 75% out of 403, 377, 348 and 240 Mid-Cap Blend funds for the one-, three-, five- and 10-year periods ending 12/31/24, respectively. ©2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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