Select Value Fund (MVEIX)

Principal Investment Strategy - Monteagle Select Value Fund (the "Fund") uses a "value investing" style by investing under normal circumstances at least 80 percent of its assets in the common stock of domestic companies that its Adviser believes are under-priced relative to comparable securities determined by price/earnings ratios, cash flows or other measures. The Fund's Adviser relies on stock selection to achieve its results, rather than trying to time market fluctuations. In selecting stocks, the Fund's Adviser establishes valuation parameters, by using relative ratios or target prices to evaluate companies on several levels. The Fund seeks to maintain a minimum average weighted market capitalization of $5 billion.

Adviser - Parkway Advisors, L.P.

(L to R: Theron R. Holladay, Carl C. Peterson)	- Carl C. Peterson - Theron R. Holladay
Parkway Advisors, L.P. ("Parkway") is an investment advisory firm in the business of providing discretionary investment advisory services to its clients. The mission of the firm is "to render investment advice, portfolio management and investment expertise with a long-term focus on service and the realization of our clients' financial goals." Online: www.parkwayadvisors.com

Additional Information

Prospectus	Application
Semi-Annual Report	Annual Report
Statement of Additional Information
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