Options are not suitable for all investors. Investment
return and principal value of an investment will fluctuate. An investor's shares,
when redeemed, may be worth more or less than the original cost.
Most recent month-end fund performance available on www.kelmoore.com
or by calling 877-KELMOORE.
The Fund seeks to pay monthly distributions, if practicable based on available cash and projected cash flow, from (a) net investment income and (b) realized short-term capital gains from equity holdings and option premiums. The Fund may distribute only a portion of available cash in order to pay distributions in future months. The Fund will not make a monthly distribution if it (i) does not have available cash from net investment income or short-term capital gains or (ii) believes the distribution may result in a return of capital. While the Fund does not intend to return capital, market and other variables may negate realized gains and therefore result in distributions characterized as a return of capital. Return of capital means that the Fund is returning to you a portion of the money that you invested in the Fund. To the extent this is the case, you will receive an information notice along with your monthly distribution which will identify the portion of the distribution that is estimated to be comprised of return of capital. These estimates are based on information currently known to the Fund. The final amount of the Fund's distributions and the characterization of the distributions will depend on the Fund's investment experience during the remainder of the year and will not be known until after the year-end. Shareholders owning Fund shares in taxable accounts will receive a Form 1099-DIV that will explain how to report the Fund's distributions for tax purposes.
Return of capital does not reflect Fund investment performance, and you should not draw any conclusions about the Fund's investment performance from the amount of the Fund's monthly distributions.
Investors should consider the investment
objectives, risks, charges and expenses of a mutual fund carefully
before investing. A current Funds prospectus
is available online which contains this and other information about
the Kelmoore Strategy® Funds. You may also contact your financial
professional or Kelmoore Investment Company, Inc. - 2465 E. Bayshore
Rd., Ste. 300 Palo Alto, CA 94303 or 877-328-9456. Investors
should always read the prospectus carefully before investing. |
