* The gross expense ratio can be found on page
14 of the most recent Prospectus (4/30/2009).
** The net expense ratio can be found on page 45 of
the most recent Prospectus (4/30/2009).
** Through 04/30/10, Litman/Gregory has voluntarily agreed to waive a portion of its management fee to pass through any costs benefits resulting from sub-advisor breakpoints, changes in the sub-advisory fee schedules or allocations.
Performance data quoted represents
past performance and does not guarantee future results. The investment return
and principal value of an investment will fluctuate so that that an investor’s
shares, when redeemed, may be worth more or less than their original cost. The
funds impose a 2% redemption fee on shares held less than 180 days. Performance
data does not reflect the redemption fee. If reflected, total returns would
be reduced. Current performance of the fund may be lower or higher than
the performance quoted.
Indexes are unmanaged, do not incur fees and cannot be invested in directly. Click here for index definitions.
Investing in small
companies subjects investors to additional risks, including security price
volatility and less liquidity than investing in larger companies. Though
not an international fund, the fund may invest in foreign securities. Investing
in foreign securities exposes investors to economic, political and market
risks and fluctuations in foreign currencies.
