Jones Villalta

Portfolio

Each investment candidate we consider is subject to our rigorous, disciplined quantitative evaluation. The investment process used to select stocks for the Fund utilizes a number of proprietary quantitative models developed and continually refined for the firm's separately managed portfolios since its founding in 1999.

Top 10 Holdings as of 9/30/2011

Citigroup, Inc.

Int'l. Business Machines Corp.

General Electric Company

Intel Corp.

Wells Fargo & Co.

Bank of America Corp.

The Goldman Sachs Group, Inc.

AES Corporation

J.P. Morgan Chase & Co.

Dell, Inc.

% of Assets

4.49%

4.36%

4.25%

4.22%

4.15%

4.21%

3.81%

3.62%

Sectors

Information Technology

Financials

Consumer Discretionary

Energy

Health Care

Industrials

Utilities

Materials

Consumer Staples

Telecommunications Services

% of Assets

26.92%

26.87%

14.64%

11.55%

4.96%

4.25%

3.81%

2.86%

2.67%

0.81%

Total Number of Holdings: 35

The Fund is a managed portfolio and portfolio holdings are subject to change.
View up-to-date find performance on Morningstar. Enter Ticker JVOFX.

By the book.

Mutual Fund investing involves risk. Loss of principal is possible.

Carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-866-950-5863. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Mid-cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.

Jones Villalta Asset Management, LLC ("Jones Villalta") is the adviser to the Jones Villalta Opportunity Fund (the "Fund"). The Jones Villalta Opportunity Fund referred to on this website is offered and sold only to United States residents, and the information on this website is intended only for such people. The Jones Villalta Opportunity Fund is not offered for sale in countries other than the United States. This website should not be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where it would be unlawful under the securities law of that jurisdiction.