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Flex-funds


The Flex-funds is a family of no-load mutual funds. No-load means there are no direct costs owed by the investor for the purchase of shares in the fund. There are entry loads and exit loads when an investor buys or sells his shares in a fund, these coasts are some ongoing expenses that are paid by the fund to cover costs for investment management, communications, and shareholder services. These expenses are paid from 12b-1 fees, which are reflected in the fund's expense ratio. The fund has a number of plans one can invest in viz Aggressive Growth plan, Muirfield Fund, Quantex Fund and Total Return Utilities Fund.

In the Aggressive Growth plan of Flex-funds  invests all it’s assets in the Aggressive Growth Mutual Fund Portfolio which is a master fund with the same investment goal as the fund itself. The portfolio may invest directly in common stocks and it may invest up to a hundred percent of assets directly in, or in underlying funds investing in, futures contracts and options on futures contracts. It may also invest in underlying funds that use margin, leverage, short sales and other forms of financial derivatives.
 
Flex-funds Muirfield normally invests at least sixty five percent of its assets in mutual funds that invest primarily in common stocks or securities convertible into or exchangeable for common stocks, and those that seek long-term growth or appreciation. It does not invest in other funds in the Flex-funds family. The fund generally purchases no-load mutual funds, though it may also occasionally purchase mutual funds subject to a sales charge. The fund may at times purchase index funds.
 
Flex-funds Quantex Fund seeks long-term growth of capital and current income is a secondary objective. The fund normally invests at least eighty percent of its net assets in the equity securities of small and mid-capitalization companies. The fund may also invest in index based investments, stock index futures and mutual funds.
 
Flex-funds Total Return Utilities Fund seeks current income and growth of income; capital appreciation is a secondary consideration. The fund generally invests at least eighty percent of its net assets in securities of domestic or foreign companies that provide electricity, natural gas, water, telecommunications or sanitary services to the public. The remaining assets may be invested in debt securities of public utility companies, or debt or equity securities of other issuers who stand to benefit from developments in the utilities industry.

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