Value Fund (MVRGX)

Principal Investment Strategy - The Fund takes a long-term (or "buy and hold") approach to managing the Fund's portfolio. The Fund invests primarily in common stocks of medium and large capitalization U.S. companies (those with market capitalizations of $1 billion or more) that are believed to be undervalued based on value characteristics, such as lower relative price valuations, above average earnings per share growth and higher dividend yields compared to the S&P 500 Index. The stock will be sold when the stock is no longer undervalued or when the fundamentals of the company that affect revenue and profitability have changed significantly, either in a positive or negative direction.

Sub-Adviser - Robinson Investment Group, Inc.

(Seated front L to R: Amy Wells, Paul Heer. Standing back L to R: Trent Green, Russell L. Robinson)

- Russell L. Robinson

Robinson Investment Group, Inc. was established in 1996 in Nashville, Tennessee. The firm began as a subsidiary of Nashville Capital Corporation in 1990. Robinson Investment Group, Inc. is a registered Investment Advisor serving individuals, retirement plans, and financial institutions with offices in Brentwood, Tennessee. Its principals currently manage more than $135 million, providing individual investment plans based upon written, client-specific investment objectives. Online: www.robinsoninvestment.com

Additional Information

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