Splits
Effective after the close of business on April 14, 2000, the OTC Fund,
Investor and Advisor Class shares, underwent a 3-for-1 split. The effect
of this transaction was to increase the number of outstanding shares in this
Fund by three, while dividing the net asset value per share by three. The
net asset value per share prior to the split was $70.95 in the Investor Class
and $70.41 in the Advisor Class; after the split, the net asset values per
share were $23.65 and $23.47, respectively.
Effective after the close of business on April 14, 2000, the Arktos Fund,
Investor Class shares, underwent a 1-for-5 reverse split. The effect of this
transaction was to divide the number of outstanding shares in this Fund by
five, while multiplying the net asset value per share by five. The net asset
value per share prior to the reverse split was $4.65; after the reverse
split, the net asset value per share was $23.25.
Effective after the close of business on April 14, 2000, the Precious Metals
Fund, Investor Class shares, underwent a 1-for-5 reverse split. The effect
of this transaction was to divide the number of outstanding shares in this
Fund by five, while multiplying the net asset value per share by five. The
net asset value per share prior to the reverse split was $3.88; after the
reverse split, the net asset value per share was $19.40.
