Past performance is no guarantee of future results and investment results. Principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Total return includes reinvestment of dividends and capital gains. Results of the Industry Leaders® Fund are net of all expenses, versus the gross market benchmark of the S&P 500 Index. Investors are reminded that when trying to achieve benchmark returns, investment management fees and transaction costs will be incurred.

Consider the investment objectives, risks and charges and expenses of the Fund carefully before investing. For this, and additional information, please see the fund prospectus, which is available at
http://www. ilfund.com/Industry_Leaders_Fund_Prospectus_Reports.html. Please read the prospectus carefully before investing.

The Industry Leaders Fund is distributed by PFPC Distributors, Inc., King of Prussia, PA 19406