3/2/2010

Winslow Announces Closure Of Winslow Green Solutions Fund

Contact:
Ethan Berkwits / Sarah Falk
Winslow Management Company, LLC
866-804-5414
www.winslowgreen.com

March 2, 2010 -- In order to best serve the interests of our shareholders, Winslow has decided to close the Winslow Green Solutions Fund and to focus our small and midcap equity research on the Winslow Green Growth Fund. Please click here to view an important supplement to the Fund's prospectus with more details about the Fund's closure. Hopefully this announcement will provide a brief explanation of our decision and will provide some basic information about the Winslow Green Growth Fund as a possible alternative investment vehicle.

There has been a remarkable transformation in the green investing universe over the past few years. When we created Winslow’s green investment philosophy more than 25 years ago, our investable universe was limited in both scope and size. The most attractive green companies were almost exclusively small capitalization growth companies with big new ideas. Consequently, our first mutual fund offering, the Winslow Green Growth Fund, focused on small cap companies.

As green business has become more mainstream, our universe has come to encompass a growing number of larger, well-established companies. The Winslow Green Solutions Fund was launched to focus on these larger green solutions companies; however, we have found that many of these larger companies also fit perfectly within the mandate of the Winslow Green Growth Fund. As a result, we have determined that the Winslow Green Growth Fund is fully capable of providing exposure to our full investment universe, and have decided to focus our resources on the management of this single investment vehicle.

The process of closing the fund will take place over the next 30 days, and should shareholders choose to take no action, their accounts will be redeemed as of March 31, 2010 and they will receive cash value for their shares. However, we hope that shareholders will take this opportunity to carefully review their portfolios with their financial advisors to determine if the Winslow Green Growth Fund meets their needs and investment strategy.

The Winslow Green Growth Fund is a growth equity fund that invests primarily in equity securities of environmentally sustainable companies, which Winslow defines as (1) companies with clean and efficient business practices that seek to reduce their environmental impact, or (2) companies whose products or services offer solutions to environmental problems. The Fund may invest in any industry sector, but tends to focus on certain environmentally-oriented investment themes, such as:

• Clean Energy
  
• Water Management
  
• Resource Efficiency
  
• Sustainable Living
  
• Environmental Services
  
• Green Transportation
  
• Green Building Products

The Fund intends to invest a significant portion of its assets in domestic companies with a market capitalization up to $10 billion that, in the Adviser’s view, represent attractive growth investment opportunities. Furthermore, the Fund may invest up to 20% of assets in foreign securities, which may include emerging markets.

Whether shareholders choose to either receive a check or transfer their assets into the Green Growth Fund, the sale of the current fund will be a taxable event and depending on a shareholder’s holding period and the cost basis of their shares, shareholders may incur a short term or long term capital gain or loss on their investment. Shareholders may wish to consult their tax advisers for further information.

We would like to make this transition as easy as possible for shareholders, and assist them with any questions they may have regarding investment alternatives at Winslow. Please contact our Boston office using our toll-free number, 866-804-5414 with any questions or concerns.

Call (888) 314-9049 to request a prospectus that includes investment objectives, risks, fees, expenses and other information that you should read carefully and consider carefully before investing.

Investment in growth stocks may be susceptible to rapid price swings, especially during periods of economic uncertainty. The Funds invest in small and medium capitalization companies, which present greater risk than larger companies due to limited product lines, markets and financial or managerial resources. The Funds’ environmental policy could cause it to make or avoid investments that could result in the Fund under-performing similar funds that do not have an environmental policy. The Funds may invest in foreign securities, which present increased risk over U.S. investments in the form of currency fluctuation, different regulation, accounting standards, trading practices and levels of available information, generally higher transaction costs, and political risk.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.

Distributed by Quasar Distributors, LLC.

 

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