Who Should Invest in the Fund?

Investors seeking a diversified equity investment with full market representation. The portion in actively managed Treasuries cushions the volatility.

Investment Objective:

An open-end mutual fund seeking to maximize total return through a combination of long term growth of capital and current income by actively allocating investments between common stocks of U.S. issuers and U.S. Treasury Securities.

Investment Strategy:

ISI’s management strategy can be described this way: In a defensive environment for financial assets, where rising interest rates and weak corporate earnings are expected, the Fund will move towards a heavier weighting in fixed income with an emphasis on maturities of five years or less. Conversely, in an environment more favorable to financial assets, low inflation, declining interest rates and rising corporate profits, the Fund would move towards a heavier weighting in equities along with long maturity Treasuries.

Fund Facts

Gross Expense Ratio: .96%
Minimum Initial Investment: $5,000 for a regular account & $1,000 for an IRA.
Minimum Subsequent Investment: $250 for all accounts.
Fund Management: Al Medaugh - Portfolio Manager
                                    Ed Hyman - Senior Economic Advisor
                                    Tom Stevens - Portfolio Manager, Sub-Advisor
                                    David Borger - Portfolio Manager, Sub-Advisor
Fund Inception Date: 09/16/97