Notes to Financial Statements
Report of Independent Auditors Brenton Mutual Funds
To the Shareholders and Trustees of
The Coventry Group--Brenton Mutual Funds
We have audited the accompanying statements of assets and liabilities, including the schedules of portfolio
investments of the Brenton Mutual Funds (one of the series of portfolios constituting The Coventry Group,
comprising, respectively, Brenton U.S. Government Money Market Fund, Brenton Intermediate U.S.
Government Securities Fund, and the Brenton Value Equity Fund) as of March 31, 1997, and the related
statements of operations, the statements of changes in net assets, and the financial highlights presented herein for
each of the respective years or periods in the period ended March 31, 1997. These financial statements and
financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on
these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing standards. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as
of March 31, 1997, by correspondence with the custodian and brokers. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material
respects, the financial position of each of the respective portfolios constituting the Brenton Mutua