IPO Plus Fund Performance
Annual Returns as of June 30, 2008*
Year to Date
Total Return
One-Year
Total Return
Three-Year
Average Annual
Total Return
Five-Year
Average Annual
Total Return
Ten-Year
Average Annual
Total Return
-12.47%
-15.13%
2.17%
8.85%
-1.13%
*The IPO Plus Fund has made no capital gain or dividend distribution since its inception.

The IPO Plus Fund Performance
Month Quarter Year To Date 1 Year 5 Years 10 Years
Performance
Date IPO Plus
  Closing Price % Return
YTD Oct 08 $9.85 -32.90 %
2007 $14.68 5.00 %
2006 $13.98 10.42 %
2005 $12.66 4.28 %
2004 $12.14 13.14 %
2003 $10.73 52.19 %
2002 $7.05 -21.49 %
2001 $8.98 -51.84 %
2000 $18.65 -41.51 %
1999 $31.89 114.89 %
  Closing Price % Return
Sep 08 $11.14 -13.30 %
Jun 08 $12.85 1.58 %
Mar 08 $12.65 -13.82 %
Dec 07 $14.68 -2.52 %
Sep 07 $15.06 -0.52 %
Jun 07 $15.14 7.14 %
Mar 07 $14.13 1.07 %
Dec 06 $13.98 18.57 %
Sep 06 $11.79 -8.10 %
Jun 06 $12.83 -6.62 %
  Closing Price % Return
Oct 08 $9.85 -11.57 %
Sep 08 $11.14 -7.70 %
Aug 08 $12.07 -0.16 %
Jul 08 $12.09 -5.91 %
Jun 08 $12.85 -4.81 %
May 08 $13.50 -0.14 %
Apr 08 $13.52 6.87 %
Mar 08 $12.65 -2.69 %
Feb 08 $13.00 -3.34 %
Jan 08 $13.45 -8.37 %
*15.13%, 8.85% and -1.13% were the IPO Fund's one-, five- and ten-year average annual total returns through 3/31/2008. Past performance is no guarantee of future results. Investment return and principal value will vary. An investor's shares, when redeemed, may be worth more or less than original cost.

This web site should not be considered a solicitation or offering for the shares of IPO Plus Aftermarket Fund (IPO Plus Fund) in any country in which the Fund is not registered. The Fund is offered by prospectus only. The prospectus contains more complete information including fees, expenses and risks involved in investing in initial public offerings and should be read carefully before investing. Shares of the IPO Plus Fund are available for direct sale only in the United States and Puerto Rico.

The IPO Plus Aftermarket Fund's code of ethics is available to its shareholders free of charge. To obtain a copy, shareholders may call the Fund toll-free, 1-888-476-3863.