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NEW CENTURY BALANCED PORTFOLIO

PRODUCT SHEET

ACCOUNT APPLICATION

PROSPECTUS

PERFORMANCE

PRICES

DISTRIBUTIONS

DISCLOSURE

2-Star Overall Morningstar Rating^TM (as of 1/31/12)

Morningstar Category: Moderate Allocation

FUND DESCRIPTION

New Century Balanced is dedicated to a philosophy... diversification can reduce risk without sacrificing performance. The Portfolio's objective is to earn income and, as a secondary objective, to provide capital growth. New Century maintains rigorous investment qualifications for the mutual funds in which it invests: strong performance, reasonable risk-adjusted returns and consistent management styles. Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment loss.

FUND HIGHLIGHTS

• Diversification through a blend of value and growth investments allocated among large-cap, mid-cap, small-cap and international equity positions and among domestic, high-yield and foreign fixed-income positions.

• Access to no-load mutual funds, institutional funds and ETFs

• Disciplined ranges in both equity and fixed-income categories reduce risk

• Investments are not limited to a single fund family or institution

• Active management consistently monitors fund objectives and performance

• Simplified year-end tax reporting on a single tax statement

PRINCIPAL INVESTMENT STRATEGIES

The New Century Balanced Portfolio seeks to achieve its investment objective by investing primarily in shares of registered investment companies that emphasize investments in equities such as common stocks, preferred stocks or securities convertible into stocks (domestic and foreign), in fixed income securities such as fixed rate debt, variable rate debt or high yield, lower rated debt instruments (domestic and foreign), or in a composite of such securities.

The Balanced Portfolio will use a variety of investment techniques designed to generate dividends (including dividends of funds in which we invest that are derived from interest) and other income.  The Balanced Portfolio will diversify its equity and fixed income investments by investing primarily in investment companies that concentrate in different segments of the equity markets and investment companies that concentrate in different segments of the fixed income markets.  For example, the portion of the Balanced Portfolio that is invested in equities may be invested in investment companies that emphasize growth, growth and income, equity income, small-capitalization and foreign equities.  The portion of the Balanced Portfolio that is invested in fixed income securities may be invested in investment companies that emphasize domestic, high yield (including lower rated) and foreign fixed income securities.

The Balanced Portfolio will maintain not less than 25% of its assets in fixed income investments by selecting underlying funds that invest in such securities.

PORTFOLIO MANAGEMENT

Wayne M. Grzecki, is a Portfolio Manager for the New Century Capital, Balanced, Opportunistic, and International Portfolios. He served as the President of the Trust from 1996 until 2011. He has managed the Capital Portfolio and Balanced Portfolio since 1995, the Opportunistic Portfolio and International Portfolio since their inception in 2000, and served as a Co-Manager of the Alternative Strategies Portfolio since its inception in 2002 until March of 2005. 

Susan K. Arnold is a Portfolio Manager for the New Century Capital, Balanced, Opportunistic, and International Portfolios. She previously served as Assistant Portfolio Manager for the Capital Portfolio and Balanced Portfolio from 1998 until 2011, and the Opportunistic Portfolio and International Portfolio since their inception in 2000 until 2011. Ms. Arnold is a Vice President and a Senior Financial Counselor with Weston Financial Group, Inc. Ms. Arnold is a CFP® practitioner and is also a Registered Representative of Weston Securities Corporation, the Trust’s principal underwriter.

Andre M. Fernandes is a Portfolio Manager for the New Century Capital, Balanced, Opportunistic, and International Portfolios. He previously served as Assistant Portfolio Manager for the Capital, Balanced, Opportunistic and International Portfolios from 2002 until 2011. Mr. Fernandes is a Vice President and a Senior Financial Counselor with Weston Financial Group, Inc. Mr. Fernandes is a CFP® practitioner and also a Registered Representative of Weston Securities Corporation, the Trust’s principal underwriter.

The performance data quoted represents past performance. The investment return and principle value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original investment. Past performance does not guarantee future results, and current performance may be lower or higher than the performance data quoted. Total return figures are net of fees and include reinvestment of all dividends and capital gains.  

For the fiscal year ended 10/31/10, The New Century Balanced Portfolio had an expense ratio of 1.44% with an acquired fund expense ratio of 0.59%. The Acquired Fund Expense Ratio reflects the fees and expenses incurred by the New Century Balanced Portfolio for the fiscal year ended 10/31/10,  as a result of its investment in other registered investment companies. These expenses are not incurred directly by shareholders. 

Investors should take into consideration the investment objectives, risks, charges and expenses of the New Century Portfolios carefully before investing. The Prospectus contains these details and other information and should be read carefully before investing. Click here to view a current Prospectus.

MORNINGSTAR DISCLOSURE

Morningstar Ratings reflect risk-adjusted performance and are derived from a weighted average of the fund’s 3-, 5- and 10-year (if applicable) Ratings. For the periods ended January 31, 2012 the fund received 2-Stars Overall among 837 funds, 2-Stars for the 3- year period among 837 funds, 3-Stars for the 5-year period among 739 funds, and 2-Stars for the 10-year period among 391 funds, in the Morningstar Moderate Allocation category.

The Morningstar Ratings formula measures the amount of variation in a fund’s performance and gives more emphasis to downward variations. Ratings are subject to change every month. The top 10% of the funds in the category receive 5 stars; the next 22.5% 4 stars; the next 35% 3 stars; the next 22.5 2 stars; and the last 10% 1 star.

©2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.