Adelante U.S. Real Estate Securities Fund (the "Fund") is an open-end,
no-load mutual fund that provides access to Adelante Capital Management's
expertise in real estate securities portfolio management through a daily
valued investment vehicle with low minimum investment thresholds.

The principal risks of investing in the Fund are risks generally associated
with investing in stocks and risks specific to investing in the real estate
industry. Real estate investing involves special risks, including interest
rate fluctuation, credit risk, liquidity risk and the impact of varied economic
conditions on real estate values and occupancy rates. Some real estate
securities, including REITs, have limited diversification and are, therefore,
subject to risks inherent in operating and financing a limited number of
projects, including greater market fluctuations.

You should consider the Fund's investment objectives, risks, charges and
expenses carefully before investing. For a Prospectus that contains this and
other information about the Fund, please call (877) 563-5327. Please read
the Prospectus carefully before investing.
UMB Distribution Services, LLC, Distributor.