AARFX: Profile for AKROS ABSOLUTE RETURN FUND

Lipp founded Akros Capital, LLC in 2003 and serves as managing principal and chief executive officer. Prior to that, Lipp was a managing director at Credit Suisse Asset Management from 1999 to 2003 and a member of the global post-venture capital investment team. Lipp also served as a managing director at Warburg Pincus Asset Management from 1994 to 1999, and was an institutional relationship manager at Strong Capital Management from 1987 to 1994.

INVESTMENT INFORMATION

Min Initial Investment:	$2,500
Min Initial Investment, IRA:	$1,000
Min Initial Investment, AIP:	$2,500
Min Subsequent Investment:	$100
Min Subsequent Investment, IRA:	$100
Min Subsequent Investment, AIP:	$100

AARFX can be purchased from brokerages.

FUND SUMMARY

The investment seeks long-term capital appreciation and income, while seeking to protect principal during unfavorable market conditions. The fund normally invests in securities that offer strategic opportunities to employ absolute return strategies utilizing a variety of publicly and non-publicly traded securities. It may invest in companies of any size. The fund may also invest up to 100% of net assets in debt instruments including convertible debt, options and futures, as well as privately negotiated options and 30% of net assets in foreign securities, including ADRs and EDRs. It is nondiversified.

FUND OPERATIONS

Last Dividend (29-Dec-08):	0.07
Last Cap Gain (29-Dec-08):	0.22
Annual Holdings Turnover	456.41%
Average for Category:	336.83%

FEES & EXPENSES

Expense	AARFX	Category Avg
Total Expense Ratio:	%	2.14%
Max 12b1 Fee:	%	N/A
Max Front End Sales Load:	%	5.51%
Max Deferred Sales Load:	%	1.94%
3 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$1,076
5 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$1,764
10 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$3,464

* Per $10,000 invested

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