The Greenspring Fund is offered only to United States residents, and information on this site is
intended only for such persons. Nothing on this web site should be considered a solicitation to buy or
an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful
under the securities laws of such jurisdiction.
Before you invest in the Fund, please refer to the prospectus for important information about the
investment company, including investment objectives, risks, charges and expenses. You may also obtain a
hard copy of the prospectus by calling 800-366-3863. The prospectus should be read and considered carefully
before you invest or send money.
Mutual fund investing involves risk. Principal loss is possible. The Fund invests in smaller
companies, which involve additional risks such as limited liquidity and greater volatility. Investments in
debt securities typically decrease in value when interest rates rise. This risk is usually greater for
longer-term debt securities. Investments by the Fund in debt securities rated below investment grade present
a greater risk of loss to principal and interest than higher-rated securities.