Jordan Opportunity Fund

JORDX Quarterly Newsletter

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Mutual Fund Performance as of June 30, 2008
(total return)

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Shares redeemed or exchanged within 60 days of purchase will be charged a 2.00% fee. As stated in the current prospectus, the fund’s annual operating expense ratio (gross) is 2.12%. Effective January 1, 2007 through March 31, 2008, the Fund's advisor voluntarily waived its fees to 0.50% of the average daily net assets of the Fund; otherwise, performance shown would have been lower. The quarter end expense ratio for June 30, 2008 was 1.31%. For the most recent month end performance, please call 1-800-441-7013 or visit the Fund’s website.

Returns greater than one year are annualized. Total return figures include the reinvestment of dividends and capital gains. On January 21, 2005, a limited partnership managed by the Sub-Adviser reorganized into the Fund. This limited partnership maintained an investment objective and investment policies that were, in all material respects, equivalent to those of the Fund. The Fund's performance for periods prior to January 2005 is that of the limited partnership. The limited partnership's expenses during the periods presented were higher than the Fund's proposed expense ratio. The limited partnership was not registered under the Investment Company Act of 1940 ("1940 Act") and was not subject to certain investment limitations, diversification requirements, and other restrictions imposed by the 1940 Act and the Internal Revenue Code, which, if applicable, would have adversely affected its performance.

The information in this website represents past performance and is not predictive of future results. There is no guarantee that the Mutual Fund will achieve its investment objective. For more complete information about the Mutual Fund, including risks, fees and expenses, download a prospectus or call 1-888-786-5737. Before you invest in the Fund, please carefully review its prospectus, which contains more complete information. Foreside Fund Services, LLC, distributor. This Web site is not a solicitation for the Mutual Fund outside of the United States.

Past performance is not an indicator of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metric. The Jordan Opportunity Fund was rated against 1,488 large cap growth funds over the three year period ended 6/30/08. The Fund received a Morningstar rating of 5 stars for the 3-year period.

© 2008 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.