Thank you for your inquiry into The Primary Trend Fund.

Below are some of the salient points of The Primary Trend Fund (ticker symbol: PTFDX):

• The Fund is 100% no-load with no sales commission, no redemption charges and no 12b-1 distribution fees.
• The Fund is managed by Arnold Investment Counsel, Inc., a Milwaukee-based investment adviser known for its conservative, low-risk investment philosophy.
• The Fund pledges to provide a high level of shareholder communication. Shareholders in the Fund receive a monthly investment letter, The Primary Trend, at no charge.

All of us at Arnold Investment Counsel and The Primary Trend Fund look forward to serving your investment needs.