The Drake Funds Trust, a Delaware statutory trust (the "Trust"), is an open-end management investment company ("mutual fund") consisting of separate investment portfolios (the "Drake Funds", the "Funds", or each, individually, a "Fund"), including the Low Duration Fund and the Total Return Fund. Each of the Funds is a diversified open-end management investment company. The Trust is registered as a mutual fund with the Securities and Exchange Commission ("SEC"). Drake Funds are distributed by ALPS Distributors, Inc.

For more information and an overview of Drake and its investment philosophy, please go to www.drakemanagement.com.