WWW INTERNET FUND PERFORMANCE
GROWTH OF A $10,000 INVESTMENT AUGUST 1, 1996 TO SEPTEMBER 30, 2000
ANNUALIZED RETURN
-----------------
1 YEAR 3 YEAR SINCE INCEPTION
------ ------ ---------------
44.64% 47.57% 40.89%
AVERAGE ANNUALIZED RETURNS AS OF SEPTEMBER 30, 2000.
INCEPTION DATE, AUGUST 1, 1996.
Performance data quoted represents past performance and does not guarantee
future results. Investment performance will fluctuate, and shares may be worth
more or less at redemption than original purchase cost. Figures include changes
in share price, and reinvested dividends and capital gains distributions.
Performance does not include 1% first year redemption fee. Waiver of fees and
reimbursement of expenses by management may have had a material affect on
returns. Performance shown occurred during a period of generally favorable
market conditions. Due to recent market volatility, current performance may be
less than the figures shown.
Because the WWW Internet Fund invests in a single market sector, its shares do
not represent a complete investment program. Internet stocks are subject to a
rate of change in technology, obsolescence and competition, which is generally
higher than that of other sectors, and have experienced extreme price and volume
fluctuations. As a diversified but single market sector Fund, the value of its
shares may fluctuate more than shares invested in a broader portfolio.
Read the prospectus delivered with this page carefully before investing or
sending money.
PERFORMANCE THROUGH SEPTEMBER 2000
----------------------------------
WWW INTERNET FUND
$41,722.09
MONTH WWW INTERNET FUND
Aug-96 10110.00
Sep-96 11110.00
Oct-96 10700.00
Nov-96 11740.00
Dec-96 11298.87
Jan-97 11859.23
Feb-97 10473.61
Mar-97 9607.61
Apr-97 9821.56
May-97 11421.13
Jun-97 11196.99
Jul-97 12735.43
Aug-97 12735.43
Sep-97 12969.76
Oct-97 12154.69
Nov-97 12093.56
Dec-97 11347.52
Jan-98 11869.25
Feb-98 12936.41
Mar-98 13268.42
Apr-98 13517.43
May-98 12509.55
Jun-98 12983.84
Jul-98 13019.42
Aug-98 9983.92
Sep-98 11288.24
Oct-98 11999.68
Nov-98 15414.61
Dec-98 19356.15
Jan-99 26711.98
Feb-99 24146.56
Mar-99 26116.22
Apr-99 28766.74
May-99 25386.71
Jun-99 27526.59
Jul-99 25714.99
Aug-99 27222.63
Sep-99 28815.38
Oct-99 35101.26
Nov-99 43162.18
Dec-99 51654.32
Jan-00 49082.06
Feb-00 62152.56
Mar-00 54571.18
Apr-00 42189.90
May-00 36048.49
Jun-00 45082.01
Jul-00 39100.61
Aug-00 46718.89
Sep-00 41722.09
