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Ron Muhlenkamp interviewed on CNBC's 'Mad Money' with Jim Cramer.

Ron Muhlenkamp appeared Friday evening, 12/7/2007, on CNBC's 'Mad Money' program in an interview with Jim Cramer to promote his new book, Stay Mad for Life ("Mutual Admiration"). Click here to view the interview online at CNBC's site.

Click here to view a glossary of terms used in the presentation.

Click here for the Fund’s current holdings. Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will
fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Click here for standardized performance.

Must be preceded or accompanied by Prospectus. Please refer to the prospectus for important information about the investment company including investment objectives, risks, charges and expenses.

Mutual fund investing involves risk; loss of principal is possible. Small- and Medium -capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales.

The comments made by Ron Muhlenkamp and Jim Cramer in this presentation are opinions and are not intended to be investment advice or a forecast of future events.

Quasar Distributors, LLC., distributor

 

Forbes Honor Roll: 2007 Mutual Fund Survey*

"If the recent market rout has you thinking about survival, you'll like these funds.

In a shaky market like this summer's, we're reminded how hard preserving wealth can be. That's why you should seek out the funds with consistent, proven performances in both bearish and bullish climates. We look for those in publishing our annual Honor Roll of mutual funds."Click here to see a listing of the ten funds noted on Forbes Honor Roll list.

*Forbes magazine’s rating criteria for earning a place on the Forbes Mutual Fund Honor Roll include:

1. Strong relative performance in up and down markets;
2. A manager tenure of at least six years;
3. Portfolio diversification;
4. Accessibility (open to new investors); and
5. Long-term after-tax performance based on an initial investment of $10,000 on January 31, 1994 to July 31, 2007.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Please click here for complete standardized and monthly performance.

The information provided herein represents the opinion of the author and is not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Further, there is no assurance that certain securities will remain in or out of the Fund's portfolio. Click here for the Fund's current holdings. Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Mutual fund investing involves risk. Principal loss is possible. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods.

References to other mutual funds should not be interpreted as an offer of these securities.

While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.

The Muhlenkamp Fund is distributed by Quasar Distributors, LLC.

The Wall Street Journal: Fund Track

"Mutual fund managers and independent advisers are preparing for the Federal Reserve to cut interest rates today.

But what they are doing depends on how large a cut they expect. Too little, analysts warn, could favor more defensive companies and sectors. Those expecting a move of .5 percentage point can take a more aggressive tack" Click here to read the article reprint from the Wall Street Journal.

The information provided herein represents the opinion of the author and Ron Muhlenkamp and is not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Further, there is no assurance that certain securities will remain in or out of the Fund's portfolio. Click here for the Fund's current holdings. Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.


References to other mutual funds should not to be interpreted as an offer of these securities.

Mutual fund investing involves risk. Principal loss is possible. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods.

The Muhlenkamp Fund is distributed by Quasar Distributors, LLC.

The Motley Fool: Muhlenkamp Interview

"With the Dow sitting atop 13,000, investors are elated. And why shouldn't they be? Milestones are fun. But as recently as a few weeks ago, investors were dismal. The economy was slowing and the market was dropping." Click here to read the article on the Motly Fool website.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Please click here for complete standardized and monthly performance.

The information provided herein represents the opinion of the author and Ron Muhlenkamp and is not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Further, there is no assurance that certain securities will remain in or out of the Fund's portfolio. Click here for the Fund's current holdings. Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Mutual fund investing involves risk. Principal loss is possible. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods.

Return On Equity (ROE) is a company's net income (earnings), divided by the owner's equity in the business (book value). Price/Earnings Ratio (P/E) is the current stock price divided by the earnings per share.

The Muhlenkamp Fund is distributed by Quasar Distributors, LLC.

Kiplinger's "Kiplinger 25 - The 25 Best Mutual Funds"

"If you feel confused, even dazed, by the proliferation of mutual funds in the marketplace, you’re forgiven. Somehow, there are almost as many funds available as there are listed stocks, and most of them aren’t exactly shy about tooting their own horn. Click here to read the article and learn how Kiplingers has "...explored this vast universe for you and picked the best stock and bond funds to help you meet your wealth-building goals."

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Please click here for complete standardized and monthly performance.

The information provided herein represents the opinion of the author and Ron Muhlenkamp and is not intended to be a forecast of future events, a guarantee of future results, nor investment advice. References to other funds should not be interpreted as an offer.

Further, there is no assurance that certain securities will remain in or out of the Fund's portfolio. Click here for the Fund's current holdings. Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Return On Equity (ROE) is a company's net income (earnings), divided by the owner's equity in the business (book value). Price/Earnings Ratio (P/E) is the current stock price divided by the earnings per share.

Mutual fund investing involves risk. Principal loss is possible. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods.

The Muhlenkamp Fund is distributed by Quasar Distributors, LLC.