Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

Fund Facts Inception Date: June 30, 2000 Cusip Number: 576417406 Ticker Symbol: MSVFX Minimum Investment: $5,000 ($1,000 retirement accounts) Annual Expenses: 1.21% (as of 4/30/2008) Sales Loads: None 12B-1 Fees: None Redemption Fee: 2% if redeemed within six months, all proceeds to Fund Phone: (800) 960-0188 While the fund is no-load, management and other expenses still apply. Fund Statistics 7/31/08 Total Net Assets $219,382,000 Net Asset Value $12.27 Current Expense Accrual Rate 1.26% Total Stocks 46 Gross Expense Ratio* Net Expense Ratio** 1.23% 1.21% * The gross expense ratio can be found on page 10 of the most recent Prospectus (4/30/08). ** The net expense ratio can be found on page 45 of the most recent Prospectus (4/30/08). ** Through 12/31/08, Litman/Gregory has contractually agreed to waive a portion of its management fee to pass through any costs benefits resulting from changes in the sub-advisory fee schedules or allocations. back to top Portfolio Composition (as of 6.30.08)     back to top Sector Allocation vs. Russell 3000 Index (as of 6.30.08) back to top