Description of Proxy Voting Procedures

SMITH HAYES Advisers, Inc ("SHAI" or the "Adviser") and its representatives will generally not accept the responsibility to vote proxies. Unless otherwise directed in writing, the customer will retain sole authority to vote the proxy. Any written request to direct the Adviser to vote proxies must be submitted to Compliance and approved by a Designated Supervisor. The Designated Supervisors will generally not approve requests to vote client proxies. Managers of The Concordant Fund, SMITH HAYES Capital 25 or future similar offerings will accept the responsibility to vote client proxies for holdings within the funds. Proxies will be voted in client's best interest. For specific procedures regarding proxy voting or for information regarding how your proxies were voted contact your investment advisory representative.