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NEW CENTURY OPPORTUNISTIC PORTFOLIO

PRODUCT SHEET

ACCOUNT APPLICATION

PROSPECTUS

PERFORMANCE

PRICES

DISTRIBUTIONS

DISCLOSURE

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

Morningstar Category: Large Growth Allocation

New Century Opportunistic is dedicated to a philosophy... diversification can reduce risk without sacrificing performance. The Portfolio's objective is to provide capital growth without regard to current income, while managing risk. 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 growth investments allocated among large-cap, mid-cap, small-cap, sector and international positions.

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

• Sector concentration allows Fund to take advantage of specific market momentum

• 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 Opportunistic 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) or other securities that are selected by those investment companies to achieve growth.

The Opportunistic Portfolio will select for its portfolio investment companies which seek to achieve above-average growth through investment in equity securities of companies expected to appreciate as a result of growing or strong earnings or the growth or advancement of the company’s business, products, etc.  For example, the portion of the Opportunistic Portfolio that is invested in equities may be invested in investment companies that emphasize capital appreciation, aggressive growth, growth, growth and income, equity income, small-capitalization, medium-capitalization and foreign equities.  The Opportunistic Portfolio may also invest in an investment company seeking appreciation by investment in a portfolio of debt securities, (including high-yield, lower rated debt securities).

Effective March 1, 2006 the New Century Aggressive Portfolio became the New Century Opportunistic Portfolio. Click here for more details or view a current prospectus.

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. Mr. Grzecki is a Managing Director of Weston Financial Group, Inc. and has been a Senior Financial Counselor with the Advisor since 1986. As noted above, 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. Mr. Grzecki is also a Director of Weston Securities Corporation, the Trust’s principal underwriter.

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 Opportunistic Portfolio had an expense ratio* of 1.50% with an acquired fund expense ratio of 0.34%. The Acquired Fund Expense Ratio reflects the fees and expenses incurred by the New Century Alternative Strategies 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.

* The Advisor has contractually agreed to reduce its fees and expenses in order to limit the total annual fund operating expenses of the Fund (excluding Acquired Fund fees and expenses, interest, taxes, and extraordinary expenses) to an annual rate of 1.50% of the Fund’s average net assets. Please see the current Prospectus for further detail.

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 3-Stars Overall among 1472 funds, 2-Stars for the 3-year period among 1472 funds, and 3-Stars for the 5- and 10-year periods among 1275 and 803 funds, respectively,  in the Morningstar Large Growth 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.