HANCOCK HORIZON BURKENROAD SMALL CAP FUND INVESTORS CLASS 2nd Quarter 2017

FOR PROFESSIONAL USE ONLY

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Meet the Family Equities

Burkenroad Small Cap Fund; December 2001

Diversified International Fund; September 2008

International Small Cap Fund; May 2015

Microcap Fund; May 2015

U.S. Small Cap Fund; December 2013

Fixed Income

Louisiana Tax-Free Income Fund; February 2011

Mississippi Tax-Free Income Fund; February 2011

Alternatives

Diversified Income Fund; September 2012

Dynamic Asset Allocation Fund; May 2015

Quantitative Long/Short Fund; September 2008

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Small Cap Overview ► The Hancock Horizon Burkenroad Small Cap Fund was launched on December

31, 2001, with less than $1 million in assets.

► David Lundgren has been the fund manager since inception.

► Today, it has over $789 million in assets.

► Focuses on small cap stocks in the Gulf South

► Stocks are typically covered by few, if any, Wall Street analysts

► Institutional share class launched on May 31, 2016

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Burkenroad Small Cap Fund

*The Hancock Horizon Burkenroad Small Cap Fund Investor and Institutional Classes were rated against 646 Small Blend Funds.

Fund Inception Date December 31, 2001

Overall Morningstar Rating (Investor Class) ★★★★*

Overall Morningstar Rating (Institutional Class) ★★★★*

Current Asset Value $789.8 million

Investment Objective Long-term capital appreciation

Morningstar Category Small Blend

Lipper Category Small Cap Core Funds

Burkenroad Small Cap Fund Strategy The Fund focuses on stocks of companies with small capitalization located or doing business in Alabama, Florida, Georgia, Louisiana, Mississippi and Texas.

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Burkenroad Small Cap Fund Process

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Holdings are subject to change daily. Provided for informational purposes only and should not be deemed as a recommendation to buy, sell securities or securities in the sector shown.

As of June 30, 2017

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Data represented is since inception. The Hancock Horizon Burkenroad Small Cap Fund's inception date is 12/31/2001, and its total expense ratio is 1.35%. Peer Group analysis uses Morningstar category. The performance quoted herein 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, and current performance may be higher or lower than the performance quoted. For performance data current to the most recent month end, please visit www.hancockhorizonfunds.com. There are other share classes available with different performance and expenses.

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*Annualized. Inception date is December 31, 2001 for the Hancock Horizon Burkenroad Small Cap Fund. The 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, and current performance may be higher or lower than the performance quoted. For performance data current to the most recent month end, please visit www.hancockhorizonfunds.com.

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The data provided is supplemental information. The performance data quoted represents past performance. Past performance does not guarantee future results.

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Peer group analysis uses Morningstar categories. The performance data quoted represents past performance. Past performance does not guarantee future results. Ranked among 776 funds for the period ending 6/30/2017, based on a rolling 12 month return

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Peer group analysis uses Morningstar categories. The performance data quoted represents past performance. Past performance does not guarantee future results. Ranked among 776 funds for the period ending 6/30/2017, based on a rolling 12 month return; 646 funds based on a rolling 36 month return; and 545 funds based on a rolling 60 month return.

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*Annualized. Inception date is December 31, 2001 for the Hancock Horizon Burkenroad Small Cap Fund. The performance data quoted represents past performance. Past performance does not guarantee future results.

As of June 30, 2017

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Investment Management Team David J. Lundgren, Jr., CFA Executive Vice President Chief Investment Officer Burkenroad Small Cap and US Small Cap Fund Manager David Lundgren, CFA began his career with Hancock Horizon Investments in 1998 and has over 25 years of investment management experience. David currently serves as Chief Investment Officer of HHI and portfolio manager for high net worth and institutional clients as well as fund manager for Hancock Horizon Family of Funds. As Chief Investment Officer, David directs the bank’s investment approach, models, and portfolio management; manages a platform of client-focused internal and external money managers; and ensures the bank meets regulatory requirements that protect our clients. David started his career at First Commerce Corporation serving as a portfolio manager for individually managed client portfolios. He received his B.S. in Finance and his M.B.A. from the University of New Orleans, and holds the Chartered Financial Analyst designation. John C. Portwood, CFA Senior Vice President Chief Investment Strategist Quantitative Long/Short Fund Manager John sets and manages investment policy and strategy for Hancock Horizon Investments (HHI). He also manages the Hancock Horizon Quantitative Long/Short Fund. Prior to joining HHI in 1998, John served as Chief Investment Strategist for First Commerce Corporation. He has over 30 years of investment experience. He received his B.A. in Economics from Rhodes College and holds the Chartered Financial Analyst designation.

Gregory W. Hodlewsky, CFA Senior Vice President Investment Director Diversified Income and US Small Cap Fund Greg is an investment director for Hancock Horizon Investments (HHI). Greg formulates equity investment and policy strategy, and uses quantitative statistical analysis to build optimal portfolios. Greg manages the Diversified Income Fund and U.S. Small Cap Fund for Hancock Horizon Funds. He has over 20 years of experience in the investment industry, managing investment portfolios for individuals, foundations, endowments and mutual funds. Prior to working at HHI, Greg was a partner and senior portfolio manager for CFW Capital Management, a Kansas City-based investment management firm. Greg earned his B.A. in Economics from the University of Wisconsin; an M.S. in Investments and Corporate Finance from Georgia State University, and holds the Chartered Financial Analyst designation. Jeff Tanguis Senior Vice President Investment Director Louisiana and Mississippi Tax-Free Income Fund Manager Jeff develops and implements fixed income policy and strategy for Hancock Horizon Investments (HHI). He also manages the Louisiana Tax-Free Income Fund, and the Mississippi Tax-Free Income Fund for the Hancock Horizon Family of Funds. Prior to joining HHI, Jeff served as the Senior Fixed Income Portfolio Manager at Hibernia Bank now Capital One. Jeff has over 20 years of institutional fixed income portfolio management experience. He received his B.S. in Finance from Louisiana State University and is a member of the CFA Institute.

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Jacob J. Hartl, CFA Vice President Senior Portfolio Manager Quantitative Long/Short Fund Manager Jacob is a senior portfolio manager for individually managed accounts, and is responsible for equity quantitative models and various portfolio management projects for Hancock Horizon Investments (HHI). He serves as a senior analyst in the financials and healthcare sectors. He also manages the Hancock Horizon Quantitative Long/Short Fund. Prior to joining HHl in 2008, Jacob served as a portfolio manager for SunTrust Bank in their Private Wealth Management Group. He received his B.S. in Finance and his M.B.A. from Arkansas State University, and holds the Chartered Financial Analyst designation. Steven G. Solomon, CFA, CFP Vice President Senior Portfolio Manager Microcap Fund Manager Steve is a portfolio manager for Hancock Horizon Investments (HHI) and co-manages the Hancock Horizon Microcap Fund. Steve manages client portfolios with a commitment to maximizing investment returns, while creating a portfolio that fits each client's goals and lifestyle needs for both the short and long term. Steve has over 18 years of experience in financial planning. He has a B.S. degree from the University of New Orleans, holds the Chartered Financial Analyst designation and is a Certified Financial Planner.

Paula Chastain, AFIM Vice President Senior Portfolio Manger Quantitative Long/Short Fund Manager Paula is a senior portfolio manager for individually managed accounts, and is responsible for equity quantitative models and various portfolio management projects for Hancock Horizon Investments (HHI). She serves as a senior analyst in the industrials and materials sectors. She also manages the Hancock Horizon Quantitative Long/Short Fund. Paula began working at HHI in 1996. She has a B.B.A. from the University of Southern Mississippi and is also a graduate of Cannon Financial Trust Investments School. Paula has received the designation of Accredited Fiduciary Investment Manager (AFIM) and is a level II CFA candidate.

Investment Management Team

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Investment Management Team Anthony Slovick, CFA Vice President Senior Portfolio Manager Microcap Fund Manager Anthony is a portfolio manager for Hancock Horizon Investments (HHI) and co-manages the Hancock Horizon Microcap Fund. He develops, recommends and executes investment strategies that meet the investment objectives of individual or family relationships. He has more than twelve years experience managing investment activities for personal trusts, foundations, retirement and estate accounts. Prior to HHI, Anthony worked for Northern Trust where he served managed portfolios for high net worth clients. He earned a B.S. in Finance from Gannon University and holds the Chartered Financial Analyst designation.

Austin Zaunbrecher, CFA Vice President Senior Portfolio Manager Dynamic Asset Allocation Fund Manager Austin is a portfolio manager for Hancock Horizon Investments (HHI) and is the fund manager for the Hancock Horizon Dynamic Asset Allocation Fund. He develops and recommends investment strategies for institutional, individual and family relationships. Prior to joining Hancock Horizon Investments, Austin worked at Equitas Capital Advisors as an institutional investment management consultant and at Merrill Lynch where he focused on investment strategy for ultra-affluent family clients. Austin earned a B.A. in History and an M.B.A with a concentration in Finance and International Business from Tulane University. He holds Series 7 and 66 licenses, is member of the CFA Society of Louisiana and is a CFA charter holder.

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About Morningstar The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. As of 6/30/2017, the Hancock Horizon Burkenroad Small Cap Fund Investors and Institutional Classes were rated against 646 Small Blend Funds over a three year period, 545 over a five-year period, and 389 over a 10 year period and received 2, 3, and 5 stars respectively. © 2017 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 Allocation effect refers to sector allocation decisions and selection effect refers to stock selection decisions. Please read the prospectus carefully to obtain a complete understanding of the risks. Read it carefully before you invest or send money. Please see full or summary prospectus for more information on charges, expenses, investment objectives, and risk factors along with information regarding other share classes that are offered for purchase. The Fund's prospectus can be obtained by visiting http://www.hancockhorizon.com/FundInvestors/ or by calling 1-800-990-2434. Mutual fund investing involves risk, including possible loss of principal. Investments in smaller companies typically have higher volatility. Current and future holdings are subject to risk. The Russell 2000 Index is a capitalization weighted index which is comprised of 2000 of the smallest stocks (on the basis of capitalization) in the Russell 3000 Index. Representing approximately 10% of the Russell 3000 total market cap, this is a small cap index. The S&P 500 is a market index based on the market capitalizations of the 500 largest companies having common stock listed on the NYSE or NASDAQ. Index returns do not reflect any management fees, transaction costs, or expenses. It is not possible to invest in an index. Indices are unmanaged and one cannot invest directly in an index. Horizon Advisers serves as investment advisor for the Hancock Horizon Family of Funds. The Hancock Horizon Family of Funds is distributed by SEI Investments Distribution Co., which is not affiliated with Hancock Holding Company, or any of it affiliates. Investments may lose value. The Hancock Horizon Family of Funds are not available in all states.

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