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Shareholder Reports   Semi-Annual Report (June 30, 2010) Annual Report (December 31, 2009) Semi-Annual Report (June 30, 2009) Annual Report (December 31, 2008) Semi-Annual Report (June 30, 2008 Annual Report (December 31, 2007) Semi-Annual Report (June 30, 2007) Annual Report (December 31, 2006) Semi-Annual Report (June 30, 2006) Annual Report (December 31, 2005) Semi-Annual Report (June 30, 2005) Annual Report (December 31, 2004) Semi-Annual Report (June 30, 2004) Advisor's Report (June 30, 2008) Advisor's Report (December 31, 2007) Advisor's Report (June 30, 2007) Advisor's Report (December 31, 2006) Advisor's Report (June 30, 2006) Advisor's Report (December 31, 2005) Advisor's Report (June 30, 2005) Advisor's Report (December 31, 2004) Advisor's Report(June 30, 2004) Quarterly Reports    · 2010 Q2 Manager's Letter  · 2010 Q2 Factsheet  · 2010 Q1 Manager's Letter  · 2010 Q1 Factsheet  · 2009 Q4 Manager's Letter  · 2009 Q3 Manager's Letter  · 2009 Q2 Manager's Letter Date of First Use as Revised in Present Form 1/11/2008 Copyright © 2008 Aegis Financial Corporation. All Rights Reserved. Funds Distributed by Rafferty Capital Markets, LLC. www.aegisfunds.com Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. View a prospectus containing this and call 800-528-3780. Please read the prospectus carefully before investing. View our Privacy Policy.