Lacerte Guardian Fund: Fund Performance

	NAV	NAV Daily Change	% Daily Change⁽¹⁾	% YTD Return⁽²⁾	One Month	Three Month	One Year	Three Year	Inception	One Year Through 12/31/2012	Three Year Through 12/31/2012	Five Year Through 12/31/2012	Inception Through 12/31/2012⁽³⁾
Performance Through 3/27/2013										Average Annual Returns
The Guardian Fund Class I	$13.68	$0.00	0.00%	5.64%	1.26%	5.47%	-3.62%	-1.13%	2.32%	-3.95%	-2.22%	-3.13%	1.46%
S&P 500 TR	5969.36	-3.18	-0.05%	10.16%	3.25%	10.80%	13.21%	12.63%	3.99%	16.00%	10.87%	1.66%	2.44%

(1)	Represents the percentage increase/decrease in the net asset value from the prior trading day.
(2)	Performance for periods less than one year is not annualized.
(3)	Inception date of the fund is February 28, 2007