FCF Assets & Performance
 
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Freedom Capital Fund
Performance
*
> See individual portfolio management performance

Return comparison with the S&P 500, including distributions and dividends



Closing date
6/98
12/98
12/99
12/00
12/01
12/02
12/03
12/04
12/05 12/06
Net asset value per share
$10.00
$12.53
$18.70
$17.86
$15.40
$9.87
$13.13
$13.12
$13.09 $14.80
S&P 500 Index
1133.84
1229.23
1469.25
1320.28
1148.08
879.82
1111.92
1211.92
1248.29 1418.30

Total and current Fund S&P 500
Total life of fund 5.43% 4.96%
Current year to date -3.35% 4.96%

*

1. Past returns do not guarantee future results
2. Results net of management fees and trading commissions
3. Actual results may vary depending on date of purchase and sale of shares
4. Net returns include dividends and distributions
5. The Fund made a 10 cent per share dividend distribution at the close of each of the past four quarters.




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