The Marketocracy Masters 100 Fund (MOFQX) is a fund that constantly strives to be in the right sectors and stocks at the right time, so that you don’t have to constantly change funds. The Fund combines diversification plus stock-picking: Instead of just owning a lot of stocks, we make every effort to own a lot of good performing stocks.

Returns assume reinvestment of dividends and distributions. Performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment returns and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, please call 888-884-8482, or visit: funds.marketocracy.com.

The indices noted on the right are unmanaged and cannot be invested in directly.

The Masters 100 Fund inception date was 11/05/01.

The Standard & Poors 500 Index is comprised of 500 selected common stocks most of which are listed on the NYSE.

The NASDAQ Composite Index is a broad-based capitalization-weighted index of all NASDAQ (National Market & Small-Cap) stocks.

The Dow Jones Industrial Average is a price-weighted average of 30 blue-chip stocks.

Portfolio holdings subject to change.

Principal risks associated with an investment in the Fund include Stock Selection risk, Small and Medium Companies risk, Foreign Investment risk, and Internet Reliance risk. The Fund can invest in small and medium sized companies, which are often more volatile and less liquid than larger, more established companies and therefore increase the volatility of the Fund’s portfolio. The strategies used by the Fund’s investment adviser in selecting Fund’s portfolio may not always be successful. The investments may decline in value or not increase in value when the stock market in general is rising. Investments in foreign securities entail risks not present in domestic investments including, among others, risks related to political or economic instability, currency exchange, and taxation. Operation of Marketocracy.com’s website depends on the continued availability of the Internet, both short- and long-term. Significant failures of the Internet could lead to interruptions or delays in the Fund’s investment adviser’s ability to manage the Fund’s portfolio. The m100 group, upon which the Masters 100 Fund’s portfolio manager relies in managing the Fund, is comprised of individuals who may be amateur investors, not investment professionals, and are not employees of the Fund or its advisor. Their track records are based on the performance of a simulated stock portfolio on the website www.marketocracy.com.

Marketocracy Funds advises investors to carefully consider the investment objectives, risks, and charges and expenses associated with the Fund prior to investing. The Fund’s prospectus contains this and other information about the Fund. To obtain a prospectus containing more complete information about the Fund, including fees and expenses, please call (888) 884-8482, or download a prospectus here. Please read it carefully before you invest.

Distributor: Rafferty Capital Markets LLC

Data sources: Marketocracy Funds, S&P Data and CSI Data.