Cheswold Lane Launches the Cheswold Lane International High Dividend Fund.

WEST CONSHOHOCKEN, Pa. -- Cheswold Lane Asset Management, LLC is pleased to announce the launch of the Cheswold Lane International High Dividend Fund (CLIDX), an open-end mutual fund, intended for small to mid-sized institutions and high-net-worth individuals.

The Cheswold Lane International High Dividend Fund seeks long-term growth of capital and income by investing in dividend paying equity securities of companies located in developed markets outside of the United States. The Fund will diversify its investments across different countries and sectors within the MSCI EAFE(R) index.

"The introduction of the Cheswold Lane International High Dividend Fund addresses a need in many firms' asset allocation models," said Colleen Quinn Scharpf, president and chief operating officer of Cheswold Lane. "They are looking for more international exposure, but are wary of buying the top of the market cycle, particularly in emerging markets. Our Fund's low valuation and high dividend yield portfolio is very appealing to many institutions and high net worth clients in today's market."

Portfolio managers, Eric F. Scharpf and Matthew H. Taylor, first teamed up in 2000, as members of Miller Anderson & Sherrerd's large-cap equities group which managed more than $12 billion in assets. Messrs Scharpf and Taylor were most recently partners and portfolio managers with Chartwell Investment Partners in Berwyn, Pennsylvania. "Research drives our investment process and is the key to meeting our clients' expectations. We focus on company and industry capital cycles in our efforts to predict positive changes in returns on invested capital that are not currently discounted by the market," stated Mr. Scharpf.

Founded in February of 2006, Cheswold Lane's mission is to create unique investment strategies that address our clients' current and future financial goals. "We believe our international high dividend strategy is an excellent investment product to launch Cheswold Lane Asset Management," said portfolio manager Matthew Taylor. "In time, we look to invite other entrepreneurial investment teams to join the firm to foster an even more dynamic investment atmosphere and to help Cheswold Lane garner scale benefits for all of our stakeholders."

Mr. Scharpf added, "As was the case with our predecessor firm, Miller Anderson & Sherrerd, enduring client relationships are paramount to Cheswold Lane, for we aspire to grow and develop with our clients over time."

Cheswold Lane Asset Management, LLC is an independent, employee-owned company located in West Conshohocken, PA.

MSCI EAFE(R) index is comprised of 21 developed market countries in Europe, Australasia, and the Far East.

You should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. For a prospectus, which contains this and other information about the Cheswold Lane International High Dividend Fund, call 1-800-771-4701 or go online at www.cheswoldlanefunds.com. Please read it carefully before investing

UMB Distribution Services LLC, Distributor.