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Notes

The views expressed in these video clips and article reprints are those of the author as of the dates of the pieces and are not intended as a forecast or as investment recommendations.  Information provided with respect to the Fund’s Portfolio Holdings, Sector Weightings, Number of Holdings, Performance and Expense Ratios are as of the dates described in the article and are subject to change at any time.

Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets.

 

 

Jones Villalta Funds
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You should 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 866.950.5863. Past performance is no guarantee of future results. 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.

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

*The advisor has agreed, until February 28, 2011, to waive its fees and/or absorb expenses of the fund to ensure that total annual operating expenses do not exceed 1.25 percent of
the fund's average net assets (excluding (1) extraordinary expenses and (2) dividend and interest expense to the extent necessary to maintain total operating expenses for Class A
shares at 1.25% percent.

Copyright © 2009, Jones Villalta Fund.