Activa Mutual Funds - What is a Mutual Fund?

A mutual fund is an investment company that pools your money with that of many other investors with common financial objectives. Mutual Fund benefits include:

Professional Money Management: Mutual funds allow you to delegate day to day investment decisions to the fund's managers who decide when and where to buy, which securities to hold, and when to sell. These managers draw on extensive research and experience in making the investment decisions.

Low Minimum Investment: Most mutual funds have a low investment minimum that allows investors to start an investment program. The low minimum allows small investors to enjoy the benefits of professional management that are often reserved to only large institutional investors. Activa's minimum initial investment is $500.

Diversification: As a mutual fund shareholder you achieve much broader diversification than most investors can on their own. Each mutual fund share represents a proportionate ownership in the entire portfolio of the fund. As an example, in an equity fund you own a proportionate share in each outstanding stock position. This diversification may help to reduce risk of owning only one security.

Liquidity: Mutual Funds give investors easy access to their investment. Open end mutual fund companies will buy back your shares on any business day at the then current market value. Most mutual fund redemptions are requested either via telephone or mail. In most cases, redemption proceeds are mailed in check form to the shareholder of record on the business day following receipt of the request.

Distributor: Activa Asset Management, L.L.C.

Past performance is no guarantee of future results. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares. Current month-end perfomance information is available by contacting Activa Shareholder Services at 1-800-346-2670.

Activa Asset Management, L.L.C. is the investment advisor to the Activa Funds and receives a fee from the funds for its services.

Mutual funds, annuities, and other investments are:

Not insured or guaranteed by the FDIC or by any other government agency or government sponsored agency of the federal government or any state
Not deposits, obligations, or guaranteed by any bank or its affiliates
Subject to investment risks, including possible loss of the principal amount invested

There is no guarantee that the fund will continue to hold any one particular security or stay invested in any one particular company. The composition of the fund's top holdings is subject to change. Performance figures are historical and reflect the change in share price, reinvested distributions, changes in net asset value, sales charges and capital gains distributions, if any.

Investors should carefully consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus provides this and additional information about the Funds. The prospectus can be obtained on-line or by calling 1-800-346-2670. Please read the prospectus carefully before investing or sending money.