CORE VALUES

At Thunderstorm Value Fund, we strive to manage your money with the same attention and passion as if it were our own.

The portfolio manager has, and will at all times have, a significant portion of his own net worth invested in the fund.

The fund will follow a value approach, both when value investing is in favor and when it is not. We will not shift with the prevailing winds.

We believe that no one can know, in advance, which investment style will work best in a particular quarter or year. Sometimes growth or momentum styles will outperform value. Our stance on relentless adherence to a value approach arises from the portfolio manager's conviction that value investing is the best way to invest for the long term.

We believe in forthright disclosure. That assertion is easy to make, but will be proved over the years as investors in our fund learn that we do not sugar-coat bad news or hide unfavorable developments. It is your money, and you are entitled to understand how it is invested.

Mutual fund investing involves risk; principal loss is possible. The Fund will invest in small- and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility. The Fund will invest in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. In addition to the risks of foreign securities in general, countries in emerging markets are generally more volatile and can have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.