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 Jerry Jordan Commentary:
fourth Quarter Investment Outlook 2008
The global credit crisis has reached epic proportions in the third quarter, as evidenced by the rapid demise of so many of the largest U.S. financial institutions: AIG, Fannie Mae, Freddie Mac, Lehman, Wachovia, and Washington Mutual. The collective wealth destruction resulting from the dismembering of these institutions is without precedent in U.S. financial history, at least since the Depression. Amazingly, after a week in which the U.S. financial system lost almost one major institution a day, culminating with the forced merger of Wachovia Bank on September 29, by quarter end the U.S. Congress had still failed to enact the financial rescue bill in the face of upcoming November elections.
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These tumultuous events triggered a massive equity sell-off which resulted in the biggest one-day decline in U.S. stock since the 1987 crash, with the S&P 500 dropping 8.8% on high volume on September 29. more›› |
"As the panic selling abates, investors will begin to return to the many attractive investment opportunities that are available in this market." |
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A Conversation with Jerry Jordan
A quarterly conversation with Jerry Jordan (Mid-October) to explore select areas of our Quarterly Outlook, and the investment philosophy that Jerry brings as the fund manager.
Q: What are the top three questions you're getting during these extraordinarily turbulent financial times?
Jerry Jordan: The biggest overarching question I hear now is, “How bad is the global economy?” These questions are all tied together: Is it as bad as the stock prices imply? Is it as bad as the bond-spreads widening would imply? Or on the other hand... more›› |
Mutual Fund Performance as of September 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 September 30, 2008, was 1.22%. For the most recent month-end performance, please call 1-800-441-7013. |
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JordanOpportunity.com
Morningstar
Awards 5-Stars to
Jordan Opportunity
Fund  ™
5-STAR OVERALL MORNINGSTAR RATING™
AS OF 9/30/08
(Among 1,489 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.
08.14.08
Business Week – Focused Funds Can Offer Wild Rides or Potentially Safer Bets
08.04.08
Kiplinger Magazine – And The Winners Are…
07.01.08
Wall Street Journal – Mutual Funds That Are Beating the Bear
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
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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 September 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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