| Disclosure
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 an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. To obtain performance data as of the end of the most recently concluded calendar month, please visit www.mastersfunds.com. The funds impose a 2% redemption fee on shares held less than 180 days. Performance data quoted does not reflect the redemption fee. If reflected, total returns would be reduced. The fund may invest in foreign securities, which exposes investors to economic, political and market risks and fluctuations in foreign currencies. Though not a small-cap fund, the Fund may invest in smaller companies, which involves additional risks such as limited liquidity and greater volatility. Litman/Gregory Fund Advisors, LLC is ultimately responsible for the performance of the fund due to its responsibility to oversee the fund’s investment managers and recommend their hiring, termination and replacement. Each Morningstar average represents a universe of Funds with similar investment objectives. The opinions expressed are those of Greg Carlson as of the date written, and are subject to change. References to other mutual funds should not to be interpreted as an offer of these securities. © 2008 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Masters' Select Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-960-0188, or visiting www.mastersfunds.com. Read it carefully before investing. Quasar Distributors, LLC, distributor (10/08) To continue to the previously selected article, please click here.
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