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 Jerry Jordan Commentary:
Third Quarter Investment Outlook 2008
The capital markets witnessed slightly less drama in the quarter ending June 30 than in the first quarter, although the trends that unfolded in the beginning of the year persisted through the first half. Global stock indices trended lower, but only some of the emerging markets, like India and China, posted significant double-digit decline. For the first quarter ending March 31, India’s Bombay Sensitive 30 Index was down 14% in the first quarter and China’s Shanghai A Share Index was down 21%. The credit crisis has lingered on, but without the dramatic collapses, like Bear Stearns, that characterized the first quarter.
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The excitement in the second quarter occurred in the surge in oil, natural gas, and grain prices, which, in turn, caused headline inflation throughout the world to expand rapidly. more›› |
"Valuations for
many equities
appear attractive." |
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A Conversation with Jerry Jordan
A quarterly conversation with Jerry Jordan (Mid-July) to explore select areas of our Quarterly Outlook, and the investment philosophy that Jerry brings as the Fund manager.
When we spoke last February you criticized the Federal Reserve for their relative inaction. Following our interview—a day or two later—they began to take the more aggressive action that you called for by cutting rates prior to their scheduled meeting. And of course they’ve taken further measures to ease concerns about liquidity and avert panic over the demise of Bear Stearns. But the market doesn’t look back, it looks ahead. How do you define attractive returns when evaluating your prospects in the current situation? more››
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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%. For the most recent month end performance, please call 1-800-441-7013 or visit the Fund's website.
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JordanOpportunity.com
Morningstar
Awards 5-Stars to
Jordan Opportunity
Fund  ™
5-STAR OVERALL MORNINGSTAR RATING™
AS OF 6/30/08
(Among 1,488 funds in the large cap growth category. The Overall Morningstar Rating for the Fund is derived from a weighted average of risk adjusted performance figures associated with its 3-, 5-, and 10- year (if applicable) Morningstar Rating Metrics.*)
© 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.
Jordan Opportunity Fund in the News
We invite you to review media coverage, featuring Jerry Jordan in print, radio, and television. Please browse our website, and use the links to watch, listen, and read about our strategy for opportunity and growth.
06.22.08
Seattle Times – Mutual fund a safe way to cash in on oil
06.20.08
New York Times – Pinpointing Bargains, Big or Small
06.16.08
Washington Post – Pump up Your Portfolio With Oil Stocks
06.08.08
Kiplinger – Finding Potentially Attractive Stocks
05.13.08
CNBC – Markets, Economy and Fed
05.08.08
Financial Advisor – Where Opportunity Knocks
05.06.08
MSN – A Fund That May Not be at the Market's Mercy
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Before investing you should carefully consider the Jordan Opportunity Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by calling 1-800-441-7013 or visiting the Fund's website. Please read the prospectus carefully before you invest.
*Returns greater than one year are annualized. Total return figure 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 Fund's investment parameters are diverse and as such may be subject to different forms of investment risk such as non-
diversification risk, concentration risk, small- and medium- sized company risk, interest rate risk, high yield bond and foreign securities risk, and lastly, the Fund may use derivatives such as options to increase its exposure to certain securities. Please see the prospectus for a more detailed discussion of the risks that may be associated with the Fund.
The views in this newsletter were those of the Fund manager as of June 30, 2008, and may not reflect his views on the date this report is first published or anytime thereafter. These views are intended to assist shareholders in understanding their investments in the Fund and do not constitute investment advice.
Foreside Fund Services, LLC, distributor.
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