Total return shows the Fund's overall change in value, including changes in share price and assuming all the Fund's distributions are reinvested. Cumulative total return reflects the Fund's performance over a stated period of time. Average annual total return reflects the hypothetical annually compounded return that would have produced the same cumulative total return if the Fund's performance had been constant over the entire period. Since average annual returns tend to smooth out variations in the Fund's returns, shareholders should recognize that these returns are not the same as actual year-by-year returns.

Average Annual Total Return as of 7/31/2008 (most recent month-end)

	1 Year	3 Year	5 Year	10 Year	Since Inception (July 31, 1989)
Polaris Global Value	-24.43%	0.92%	9.61%	7.33%	10.10%
MSCI World Index	-10.88%	6.76%	10.99%	3.96%	6.63%

Average Annual Total Return as of 6/30/2008 (most recent calendar quarter-end)

	1 Year	3 Year	5 Year	10 Year	Since Inception (July 31, 1989)
Polaris Global Value	-24.48%	3.21%	11.53%	7.50%	10.32%
MSCI World Index	-10.68%	8.88%	11.99%	4.19%	6.80%

Fund Fact Sheet

Results represent past performance and do not guarantee future results. 
Market volatility can significantly impact short-term performance. Results of an investment made today may differ substantially from the Fund's historical performance. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than original cost. Total return includes reinvestment of dividends and capital gains. During the period, some of the Fund's fees were waived or expenses reimbursed. In the absence of these waivers and reimbursements, performance figures would be lower. On June 1, 1998, a limited partnership managed by the Adviser reorganized into the Fund. The predecessor limited partnership maintained an investment objective and investment policies that were, in all material respects, equivalent to those of the Fund. The Fund's performance for periods before June 1, 1998 is that of the limited partnership and includes the expenses of the limited partnership. If the limited partnership's performance had been readjusted to reflect the first year expenses of the Fund, the Fund's performance for the periods prior to June 1, 1998 may have been lower. The limited partnership was not registered under the Investment Company Act of 1940 ("1940 Act") and was not subject to certain investment limitations, diversification requirements, and other restrictions imposed by the 1940 Act and the Internal Revenue Code, which, if applicable, may have adversely affected its performance.