Mutual Fund Objective
Jordan Opportunity is a non-diversified "no load mutual fund" that seeks capital appreciation. The Fund invests primarily in growth stocks of varying market capitalizations.
Mutual Fund Performance as of March 31, 2009 (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 March 31, 2009 was 1.62%. For the most recent month end performance, please call 1-800-441-7013.
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.