*The gross expense ratio can be found on page 11
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 contractually agreed to waive a portion of its advisory fees, effectively reducing total advisory fees to approximately 1.08% of the average daily net assets. Litman/Gregory may voluntarily waive a portion of its advisory fee in addition to those fees that are contractually waived. Litman/Gregory has agreed not to seek recoupment of advisory fees waived. Through 4/30/09, 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.
Best/Worst Rolling Return Periods as of : 12/31/2009
Performance
MSVFX
Russell 3000 Value
Number of Periods
Best Rolling 12-Mo. Period
49.6%
43.8%
103
Worst Rolling 12-Mo. Period
-51.3%
-47.0%
103
Best Rolling 36-Mo. Period
81.1%
83.6%
79
Worst Rolling 36-Mo. Period
-50.4%
-43.7%
79
Best Rolling 60-Mo. Period
108.1%
129.7%
55
Worst Rolling 60-Mo. Period
-41.8%
-29.1%
55
Percent Negative 12-Mo. Rolling
37.9%
41.7%
103
Percent Negative 36-Mo. Rolling
24.1%
21.5%
79
Percent Negative 60-Mo. Rolling
27.3%
20.0%
55
Percent Beat Benchmark 12-Mo.
43.7%
n/a
103
Percent Beat Benchmark 36-Mo.
24.1%
n/a
79
Percent Beat Benchmark 60-Mo.
16.4%
n/a
55
The first rolling 12 month-period is reached 12 months after each fund's inception (based on month-end dates). The starting and ending periods then "roll" forward one month at a time to comprise a new 12-month period. The first rolling three-year period is reached 36 months after each fund's inception (based on month-end dates). The starting and ending periods then "roll" forward one month at a time to comprise a new 36-month period. The first rolling five-year period is reached 60 months after each fund's inception (based on month-end dates). The starting and ending periods then "roll" forward one month at a time to comprise a new 60-month period.
Masters’ Select Value Fund is a non-diversified
fund, which means that it may concentrate more of
its assets in fewer individual holdings than a diversified
fund. Though primarily an equity fund, the fund may
invest a portion of its assets in securities of distressed
companies. Debt obligations of distressed companies
typically are unrated, lower rated, in default or
close to default and may become worthless. 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. Though
not a small-cap fund, the fund may invest in the
securities of small companies. Small-company investing
subjects investors to additional risks, including
security price volatility and less liquidity than
investing in larger companies.
