IOLIX: Profile for ICON LONG SHORT FD CL I

Burchett is a portfolio manager and member ICON's Investment Committee. He joined ICON in 2005 as a research analyst and was named portfolio manager in 2006. Prior to joining ICON, Burchett was employed by the Ohio State University as a research and training assistant from 2004 to 2005. From June 2004 to September 2004 he was a Finance Intern with The Micro Entrepreneurial Network of NGOs. Burchett is a Chartered Financial Analyst Level III candidate.

INVESTMENT INFORMATION

Min Initial Investment:	$1,000
Min Initial Investment, IRA:	$1,000
Min Initial Investment, AIP:	$0
Min Subsequent Investment:	$100
Min Subsequent Investment, IRA:	$100
Min Subsequent Investment, AIP:	$100

IOLIX can be purchased from brokerages.

FUND SUMMARY

The investment seeks capital appreciation. The fund normally invests in equity securities of companies of any market capitalization and traded in U.S. markets. It generally takes long positions in equity securities identified as undervalued and take short positions in equity securities identified as overvalued. Each long or short position is determined by analyzing the tradeoff between the attractiveness of each position and its impact on the risk of the overall portfolio. The fund long and short positions may involve equity securities of foreign issuers that are traded in U.S. markets.

FUND OPERATIONS

Last Dividend (15-Dec-08):	0.28
Last Cap Gain (17-Dec-07):	0.74
Annual Holdings Turnover	131.79%
Average for Category:	336.83%

FEES & EXPENSES

Expense	IOLIX	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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