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The Mundoval Fund adheres to an investment philosophy that is based on value. We will attempt to reduce the risk of permanent capital loss by purchasing common stock in businesses at prices that are less than their intrinsic values. We believe that businesses purchased at prices less than their intrinsic values help to protect capital from significant loss and provide for a satisfactory rate of return. Our scope is global as we seek to own businesses throughout the world that are leaders in their industries with the ability to generate discretionary cash flows to enhance value for shareholders.

 

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Investors should consider the investment objective, risks, and charges and expenses of the Fund carefully before investing. The Fund's prospectus contains this and other information about the Fund and is available upon request by calling 1-877-59-FUNDS.   Please obtain and carefully read the prospectus before investing.  Click here to view the prospectus on-line.

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Symbol: MUNDX
DATE: 1/27/2012
NAV: 11.50
DAY CHANGE: -0.01


2011 DIVIDENDS &
CAPITAL GAINS AS OF 12/28/11

DIVIDEND: $0.0718
SHORT-TERM CAP GAIN: $0.0475
LONG-TERM CAP GAIN: $0.0106