The information and material presented herein are for information purposes only and not to be used or construed as a public offering, an offer to sell or the solicitation of an offer to buy any securities, which may only be made pursuant to a prospectus. Commissions, trailing commission, management fees and expenses all may be associated with mutual fund investments; please read the prospectus before investing. Performance and other data presented herein are estimated and audited and reflect returns to an investor after deduction of all operational expenses but do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Performance data also assume reinvestment of all interest, dividends and capital gains. Actual returns will vary from one investor to the next in accordance with the terms of the governing documents of relevant entities. Mutual funds are not guaranteed, their values change frequently and past performance is not an indication of future performance. Comparisons to indices and other benchmarks are inherently unreliable indicators of future performance.

“NOT THE INDEX” is a registered trademark of Front Street Capital 2004.