Jamie Potkul

checks and balances to avoid the hot sectors or bubble securities of the day and focuses on the best values presented by the market.The Fund has the flexibility to invest in large, medium and small cap stocks, both domestic and international. Also the Fund can invest across the entire capital structure including bonds (government and corporate), convertibles, preferred stock as well as reit investments. Cash may build as a by product if undervalued opportunities that meet our strategy cannot be found. We look at cash as a strategic asset and as a capital preservation asset in times of distress. The Fund uses a four step quantitative and qualitative process to distinguish which securities are attractive long term investments. The manager invests alongside fellow shareholders in the fund. The Fund maybe purchased direct by application at www.breadandbutterfund.com. In addition, the Fund is currently available through E-Trade and Vanguard. Non-FDIC insured. May lose value. No bank guarantee. The Fund's investment objectives, risks, charges and expenses can be found in the prospectus which must be considered carefully before investing in the Fund.