CASTLE TANDEM FUND (TANDX) VOLATILITY VS. S&P 500

Apr 09

CASTLE TANDEM FUND (TANDX) VOLATILITY VS. S&P 500

A Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus for each Fund contains this and other important information about the Fund, and it may be obtained by calling 1-877-743-7820, or visiting www.castleim.com. Read it carefully before investing. Distributed by Rafferty Capital Markets, LLC-Garden City, NY 11530.
 
The risks associated with the Castle Tandem Fund are detailed in the Fund’s Prospectus. Investments in the Fund are subject to common stock risk, sector risk, and investment management risk. The Fund’s focus on large-capitalization companies subjects the Fund to the risks that larger companies may not be able to attain the high growth rates of smaller companies. Because the Fund may invest in companies of any size, its share price could be more volatile than a fund that invests only in large-capitalization companies. Fund holdings and asset allocations are subject to change and are not recommendations to buy or sell any security.