PBFDX : Payson Total Return Fund

Fund Summary

The investment seeks a combination of high current income and capital appreciation. The fund invests primarily in common stock and convertible securities of large- and mid- capitalization domestic companies. Its investment adviser defines large capitalization domestic companies as those companies with market capitalizations in excess of $12 billion and mid capitalization domestic companies as those companies with market capitalizations in the range of $2 billion to $12 billion.