Lead Manager

Click here to see Paul Meeks on CNBC.

Paul Meeks is the Lead Portfolio Manager of the Fund. He also is a finance and accounting instructor at Western
Washington University in Bellingham, Washington. Mr. Meeks also is an Investment Advisory Representative
(IAR) at Independent Solutions (IS) Wealth Management, LLC in Williamsville, New York, which is a SEC
registered investment adviser that is unaffiliated with the Adviser. Mr. Meeks manages separate accounts at IS for
individuals.


From 2016-2018, Mr. Meeks was the Chief Investment Officer and a Portfolio Manager at Sloy, Dahl & Holst in
Portland, Oregon.

 

From 2012-2016. he was a Portfolio Manager and the Director of Separately Managed Accounts at Saturna Capital
in Bellingham, Washington. He managed the Sextant Growth Fund and the Saturna Sustainable Equity Fund. In
addition to his portfolio management duties, he was Saturna’s technology analyst and was responsible for
following over $1 billion in stocks in that sector that were held by clients.

 

At Merrill Lynch Investment Managers (1998-2002), Mr. Meeks managed one of the largest sector mutual fund
franchises in the world with over $7 billion invested in technology stocks.
Mr. Meeks has been an equity analyst, portfolio manager, research director, or chief investment officer since 1987.

 

He has focused on the technology sector since 1992. CNBC has introduced him on air as a “Top Tech Investor.”
He frequently has contributed to the business media (broadcast and print) since the mid-1990s. 

 

Mr. Meeks has been a Chartered Financial Analyst (CFA) since 1996. He earned a BA from Williams College
(1985) and a MM (MBA) from the Kellogg School of Management (1992).

​Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. You may obtain a prospectus on this website or by calling the transfer agent at 1-800-590-0898. The prospectus should be read carefully before investing.

Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested.  There can be no assurance that the Fund will be successful in meeting its objectives. The risks associated with the Fund, detailed in the Prospectus, include the risks of investing in common stocks, small capitalization companies and foreign securities. Because the Fund concentrates its investments in the wireless industry, the Fund is subject to the risk that companies in that industry are likely to react similarly to legislative or regulatory changes, adverse market conditions and/or increased competition affecting that market segment.  The Fund invests in common stocks which subjects investors to market risk.  The Fund may invest in small capitalization companies, which involve additional risks such as limited liquidity and greater volatility.  The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.   The Fund is a non-diversified fund and therefore may be subject to greater volatility than a more diversified investment.

Distributed by Rafferty Capital Markets, LLC ­ Garden City, NY 11530.