NOTES TO FINANCIAL STATEMENTS
NOTE 5 - INVESTMENT ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
The Fund has an Investment Advisory Agreement (Advisory Agreement) with Insight Capital Management, Inc.
(Advisor) to act as its investment advisor. The Advisor also serves as investment advisor to certain private
accounts. The Advisor's only previous experience in advising a mutual fund is advising the Fund. The Advisor
provides the Fund with investment advice and recommendations consistent with the Fund's investment objective,
policies and restrictions, and supervises the purchase and sale of investment transactions on behalf of the Fund.
For such services, the Advisor receives an annual fee of 1.0% of the Fund's average daily net assets, computed
daily and paid on a monthly basis.
The Fund has an Administration Agreement with Dominion Institutional Services Corporation (Administrator).
Pursuant to the Administration Agreement, and subject to the authority of the board of directors of the Fund, the
Administrator is responsible for the administration of the Fund and overall management of the Fund's business
affairs. The Administrator provides all services required to carry on the Fund's general administrative and
corporate affairs. These services include furnishing all executive and managerial personnel, office space and
equipment, and providing federal and state regulatory compliance. For its services, the Administrator receives an
annual fee of 1.25% of the Fund's average daily net assets, computed daily and paid on a monthly basis.
The Fund has a Distribution Agreement with Dominion Capital Corporation (Distributor). Pursuant to the
Distribution Agreement, the Distributor performs services and bears the expenses relating to the offering of Fund
shares for sale to the public. As compensation for the services provided and expenses borne by the Distributor,
the Fund pays the Distributor the sales charges. Sales charges for distributing fund shares were $375,308 for the
year ended June 30