Spectrum Advisory Services, Inc. strives to provide
investors with broad exposure to what we believe are the
best opportunities or values in common stocks or bonds. These opportunities or values typically will be found in
companies whose enterprise values do not reflect the full
intrinsic values of the companies. Unlike many institutions
we have no arbitrary rules and are governed only by good
sense. We employ great effort to understand a company’s
assets and business strengths and measure those against the
current valuation of the company.
Our investment decisions are based on fundamental analysis
and are generally made more about individual companies than
industries or sectors of the economy. Efforts are made to
achieve superior prices on both purchases and sales. We are
committed to investing with a long-term horizon for both
preservation and growth of capital. Particular attention is
paid to minimizing downside risk on a portfolio basis. Contrarian considerations do influence investment decisions
when there is a major discrepancy between the business value
of a company and the price of its securities. Some of the
characteristics we look for in evaluating companies are:
- Management strength
- Sound business
fundamentals
- Inherent strength of
superior production or distribution
- Quality franchises
- Reason why the market
price is inefficient
We believe our price-driven, value-oriented approach will
provide investors with the opportunity for growth, while
providing some protection against permanent impairment of
capital. We seek to reduce risk by buying stocks that are
reasonably priced relative to the company’s earnings and
sales, by diversifying broadly, and by avoiding current
market trends.
You should carefully consider the investment
objectives, potential risks, management fees, and charges and expenses
of the Fund before
investing.
The Fund's
Prospectus
contains this and other information about the Fund, and
should be read carefully before
investing.
You may obtain a current
copy of the Fund's
Prospectus
by calling
1-800-788-6086.
The Fund's past performance does not guarantee
future results. The investment return and
principal value of an investment in the Fund 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.
Performance data current to the most recent month
end may be obtained by calling 1-800-788-6086.
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