2011 Distribution 

$0.35019 per share dividend 

$0 per share short-term or long-term capital gain 

Record date: 12/28/11 

Payable date: 12/29/11 

  

Lifetime Achievement Fund (LFTAX) is a public fund of funds that invests in a broadly diversified mix of U.S. and foreign equity mutual funds assembled to maximize the total real return of each shareholder's investment over the long-term.  The Fund also maintains an allocation to gold-mining mutual funds to protect against inflationary monetary policies and geopolitical instability.  

  

Most investors understand the importance of globally diversifying the equity portion of their portfolio but may feel uncomfortable about making specific allocation decisions themselves.  The Fund may serve as the core equity holding by offering investors broad diversification across equity asset classes with the ease of investing in a single mutual fund.       

  

The Fund may be appropriate for you if you have a long-term time horizon with the goal to maintain and increase the purchasing power of your investment with a diversified portfolio of equity mutual funds; desire protection against the fall of the dollar by owning a gold hedge position; and are willing to accept the volatility associated with domestic and foreign stock market investments.      

   

An investment in the Lifetime Achievement Fund is subject to certain risks including the risks of investing in a varied portfolio of other investment companies (e.g., additional costs and expenses, no control over the portfolio managers of the underlying funds, etc.), the risks of investing in closed-end mutual funds which typically trade at a discount to net asset value, and the risks of foreign investing, which carries a number of economic, financial, and political considerations that are associated with investing in U.S. markets.  

   

It is important to note that the principal value of a mutual fund investment will change over time and the amount received at redemption may be worth more or less than the amount originally invested. 

  

The price of gold may be volatile and gold bullion and gold coins are subject to 

storage and other expenses.    

  

When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Defaults by fixed income issuers in which the Fund invests will also harm performance.  High-yield, high-risk securities, commonly called "junk bonds," are considered speculative.  

  

By borrowing money, the Fund incurs the risk that interest expenses may exceed the returns on the securities purchased with borrowed funds. If the value of the securities purchased declines, the Fund would face decreased returns as well as the costs of the borrowing. Borrowing may exaggerate the effect on the Fund's NAV of any decrease in the value of the securities it holds.