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Fixed Income Fund (MFHRX)


Investment Objective - The investment objective of the Monteagle Fixed Income Fund is total return.

Principal Investment Strategy - The Fund seeks to achieve its objective of total return through capital appreciation on the bonds and other securities held and income on those securities held. Under normal circumstances, at least 80 percent of Monteagle Fixed Income Fund's (the "Fund") assets will be fixed income securities, including U.S. government securities, securities issued by agencies of the U.S. government, taxable municipal bonds and corporate debt securities with no more than 70% in any one category. The Fund, based on assessment of market conditions, will either lengthen or shorten the average maturity of the portfolio and/or switch between bonds of different sectors, with the view of maximizing the total return for the types of obligations purchased. The securities purchased will be with maturities ranging from overnight to 30 years.

Principal Risks

Risks in General. Domestic economic growth and market conditions, interest rate levels, and political events are among the factors affecting the securities markets of the Fund’s investments. There is the risk that these and other factors may adversely affect the Fund’s performance. The loss of money is a risk of investing in the Fund. The Fund could underperform other investments.

Fixed Income Risk. The Fund’s share price, yield and total return will fluctuate in response interest rate movements. Prices of fixed income securities with longer effective maturities are more sensitive to interest rate changes than those with shorter effective maturities. The value of your investment may decrease when interest rates rise. To the extent the Fund invests in fixed income securities with longer maturities, the Fund will be more greatly affected by changes in interest rates, and will be more volatile, than a fund that invests in securities with shorter maturities. Rising interest rates may also reduce the amount of prepayments on the assets backing these securities, causing the Fund’s average maturity to rise and increasing the Fund’s potential for losses in value. The value of the Fund’s holdings will also be affected by the credit-worthiness of such holdings. To the extent a particular holding is deemed to be of a lower credit quality than when the Fund purchased it, the value of such holding may decline.

Mortgage-Backed Securities Risk. The Fund may invest in mortgage-backed and other mortgage related securities.A decline in interest rates may result in losses in these securities’ values if actual prepayments occur at a much faster pace than had been expected when the securities were purchased.

Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

Investment Adviser
Nashville Capital Corporation
2506 Winford Avenue
Nashville, TN 37215

Phone: (800)459-9084
Distributor
Arbor Court Capital, LLC
8000 Town Centre Dr, Suite 400
Broadview Heights, OH 44147
Shareholder Services
Mutual Shareholder Services
8000 Town Centre Drive, Suite 400
Broadview Heights, Ohio 44147
Phone: (888)263-5593
Sub-Adviser - Howe and Rusling, Inc.

(L to R: Craig D. Cairns, Thomas G. Rusling, Vincent A. Russo)
- Craig D. Cairns
- Thomas G. Rusling
- Vincent A. Russo
Established in Rochester, NY in 1930 and registered with the SEC in 1940, Howe & Rusling provides professional investment management services to individuals, retirement plans, corporations, not-for-profit organizations, self-insurance trusts and as a sub-advisor to mutual funds. Howe & Rusling caters to a diverse group of clients with unique, differing risk tolerances, income requirements and tax considerations. Howe & Rusling Portfolio Managers and the equity and fixed income teams average more than 25 years of experience managing portfolios of individual equities and bonds.

Online: www.howeandrusling.com
Additional Information
Prospectus Application
Semi-Annual Report Annual Report
Statement of Additional Information
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