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Price information as of Monday, January 05, 2009

Name Current Nav NAV Change Change %
Utopia Growth Fund
(UTGRX)
$04.23 0.08 1.9277%
Utopia Core Fund
(UTCRX)
$04.75 0.08 1.7131%
Utopia Core Conservative Fund
(UTCCX)
$05.31 0.1 1.9194%
Utopia Yield Income Fund
(UTYIX)
$06.19 0.1 1.642%

Past performance data quoted represents past performance; past performance does not guarantee future results. An investor should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. This and other information about Utopia Funds is contained in the current prospectus. Please read the prospectus carefully before you invest or send money.

*Inception date: December 30, 2005

Fund Gross Annual Fund Operating Expenses Net Annual Fund Operating Expenses
Utopia Growth Fund 1.76% 1.68% (1)
Utopia Core Fund 1.71% 1.63% (1)
Utopia Core Conservative Fund 1.66% 1.58% (1)
Utopia Yield Income Fund 1.65% 1.57% (1)
(1) Through January 31, 2009, the Adviser has contractually agreed to waive its management fees or reimburse expenses in amounts necessary to limit each Fund's annual fund operating expenses (exclusive of extraordinary expenses, dividends on short sales and acquired fund fees and expenses) to an annual rate of 1.44% (as a percentage of the Fund’s average daily net assets). The amount of each Fund's fees waiver/expense reimbursement has been restated to reflect this agreement.

Utopia Funds | 111 Cass Street, Traverse City, MI 49684 | 1.888.886.7423 or 1.888.UTOPIA3
ALPS Distributors, Inc., distributor for Utopia Funds


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