About the Pinnacle Value Fund
Opened April 1, 2003
, the Pinnacle Value Fund (the Fund) is a
diversified, SEC registered, open end mutual
fund investing primarily in US based
companies. The Fund seeks long term capital
appreciation with income as a secondary
objective. The Fund emphasizes a value style
of investing and will invest in a diversified
portfolio of securities issued by small and
micro-cap companies which the Adviser believes
are trading at significant discounts to
underlying earnings power or asset value. The
Fund is for long term investors who, after
reading the Prospectus, understand the risks
and benefits of owning the Fund.
Fund Adviser is Bertolet Capital LLC, a
Registered Investment Adviser.
The Portfolio Manager,
John E. Deysher
is responsible for supervising the
Fund’s daily investment activities. Mr.
Deysher has over forty years experience in
the investment business. From 1990 until 2002,
Mr. Deysher was a Portfolio Manager, Senior
Analyst with Royce & Assoc., an investment
firm specializing in
small cap value securities and adviser
to several mutual funds including the
Pennsylvania Mutual Fund. He is a CPA and CFA
(Chartered Financial Analyst).
Regular accounts: $2,500 initial, $100 subsequent
$1,500 initial, $100 subsequent
The Fund is 100% no load with
no redemption fees except for a 1% fee on
shares within one year of purchase.