Performance — Grisanti Brown Value Fund's Investor Share Class
| Total Return as of 7/31/08: |
| One Month |
-7.41% |
| Year-to-Date |
-21.89% |
| Since Inception (10/21/05) |
-21.89% |
| Total Return as of 6/30/08: |
| One Month |
-9.42% |
| Second Quarter 2008 |
-3.48% |
| Year-to-Date |
-15.64% |
| Since Inception (12/31/07) |
-15.64% |
Past performance is not indicative of future returns. Investment returns will fluctuate so that an investor's shares, when redeemed, may be worth more or less at redemption than their original cost. Current performance may be higher or lower than the performance data quoted. Periods shorter than one year are unannualized. For performance current to the most recent month-end, please visit our website at www.gbpfunds.com or call 1-866-775-8639. As stated in the current Prospectus, the Fund's gross operating expense ratio is 1.99%. The Fund's Adviser has agreed to voluntarily waive a portion of its fee and/or reimburse expenses such that the total operating expense ratio does not exceed 1.25%. Voluntary fee waivers and expense reimbursements may be reduced or
eliminated at any time.