Individual Mutual Funds

• Arbitrage Fund  - Seeks to achieve capital growth by engaging primarily in merger and acquisition risk arbitrage.
• Clipper Fund, Inc.  - A no-load equity mutual fund with a long-term investment horizon.
• Edgar Lomax Company  - A no-load mutual fund which invests primarily in the stocks of large, well-recognized companies it believes to be undervalued.
• Marathon Value Portfolio  - A no-load, general equity mutual fund that offers shareholders broad exposure to the equity markets.
• Matthew 25 Fund  - A no-load growth and value mutual fund.
• Muhlenkamp & Company, Inc.  - An independent investment management firm.
• P&C Global Gold and Natural Resources Fund  - A flexible, dynamic fund for experienced investors aiming to diversify their portfolios and gain exposure to the gold and natural resources sector.
• Pennsylvania Avenue Fund  - Seeks to achieve capital growth by engaging in investment strategies related to corporate events, such as mergers, reorganizations, bankruptcies or proxy fights.
• Rockland Small Cap Growth Fund  - Invests primarily in high quality small capitalization companies that are growing earnings substantially faster than the underlying market.
• Volumetric Fund, Inc.  - Invests in a broadly diversified blend of large, mid and to a lesser extent, small-cap stocks.