TORYX : Torray Fund

Fund Summary

The investment seeks to build investor wealth over extended periods and to minimize shareholder capital gains tax liability by limiting the realization of long- and short-term gains. The fund invests principally in common stock of large-capitalization companies. Ordinarily, 90% or more of the fund's assets will be invested in common stocks with the balance held in U.S. Treasury securities or other cash equivalents. Although the number of holdings may vary, the fund usually holds between 25 and 40 stocks, with positions in individual issuers generally ranging between 2% and 4% of the fund's assets.