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Key Fund
Overview
Documents

updated 8/2/2011

DETAILS

Fund
Performance

GRATIO VALUES FUND

NAV: Dude

Daily change

3yr return (as of 3/31/2012): 21.56%

Gratio Values Fund (GRVLX) Summary

What is it:: A mutual fund that invests mainly in stocks of U.S. companies.

Fund Goal:: To grow money over the long term, which means at least five years. *

The Risks:: Because the fund invests almost entirely in stocks, its value can move up and down a lot from year to year.

Who Should Invest:: The fund is appropriate for people who understand they can lose money and who have an investing time horizon of at least five years or longer, which means they do not plan to need the money before then.

* There is no guarantee that the Fund will achieve its investment objectives.

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Fund Information

Name:: Gratio Values Fund

Ticker:: GRVLX

Type of Fund:: Domestic Equities

Last Price:

Total Expenses:: 1.37%

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Top 5 Holdings

As of 1/31/2012	Ticker Symbol	% of Overall
Berkshire Hathaway, Inc.	BKRB	15%
Telular Corp.	WRLS	8%
Birner Dental Management Services, Inc.	BDMS	7%
Dreyfus Institutional Reserve Money Fund	DERXX	6%
Dreyfus Treasury Prime Cash Management	DIRXX	6%

* Holding are subject to change at any time without notice and should not be considered investment advice.

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Growth of a Hypothetical $1000 Investment

Hypothetical investment results of $1000 investment in GRVLX and S&P 500 between and .

The S&P 500 Index: an unmanaged composite of 500 large capitalization companies. This index is widely used by professional investors as a performance benchmark for large-cap stocks. You cannot invest directly in an index.

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© GoalMine Funds, Gratio Funds and GoalMine Inc., 1235 Howard Street, Suite D, San Francisco, CA 94103.

This site does not constitute an offer to sell or a solicitation of an offer to buy shares of any Mutual Fund in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Mutual Funds are not FDIC insured and involve risk including possible loss of principal. The Gratio Value Fund Invests in underlying funds that own small and mid-capitalization companies may be more vulnerable than larger, more established organizations. Non-diversification risk, as the Funds are more vulnerable to events affecting a single issuer. The Fund will adhere to its formula for selecting securities, despite any adverse developments that may arise as a result of using that formula.

The GoalMine Fixed Income Fund may invest in high yield securities, also known as "junk bonds." High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal. Issuers may default on interest and principal payments due the Fund, resulting in losses to the Fund. You will indirectly bear fees and expenses charged by the Fixed Income Underlying Funds in addition to the Fixed Income Fund's direct fees and expenses. In general, the price of a fixed income security falls when interest rates rise. Non-diversification risk, as the Funds are more vulnerable to events affecting a single issuer. The ability of an issuer of a debt security to repay principal prior to a debt security's maturity date could cause the Fixed Income Fund's interest income to decline.
Each investor should consider all investment objectives, risks, charges, and expenses of the Gratio and GoalMine Funds carefully before investing. Please obtain a current prospectus which contains important information about the Funds and read it carefully before investing. Current Prospectuses are available free of charge on our website or by contacting us. For more information about the aforementioned considerations call 1-888-253-4625. GoalMine Inc. is the Investment Adviser for the Mutual Funds. The GoalMine and Gratio Funds are distributed by Northern Lights Distributors, LLC.

GoalMine is not affiliated with Northern Lights Distributors, LLC.