Mutual Funds

H.M. Payson & Co. serves as investment adviser to the Payson Total Return Fund.

This Fund provides cost-effective professional management and diversification in situations where an individually-managed account is not a practical option. For more modest sums, such as educational savings accounts and IRA's, this Fund may be an attractive alternative.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by clicking the links below or calling H.M. Payson & Co. (800) 456-6710 or the Funds (800) 805-8258. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC is the Distributor of this Fund.

To review the Privacy Notice and Online Privacy Guidelines of the Payson Total Return Fund, please click on the following link: Privacy Notice and Online Privacy Guidelines.

Payson Total Return Fund Recognized by U.S. News & World Report

The Payson Total Return Fund was one of 100 mutual funds listed in a recent U.S. News & World Report feature entitled “The Best Funds for the Long Term.” For more information, please follow this link:

http://www.usnews.com/money/personal-finance/mutual-funds/articles/2010/05/19/the-100-best-mutual-funds-for-the-long-term.html?PageNr=1

Payson Total Return Fund - Fund Facts - June 30, 2010

Payson Total Return Fund - Annual Report - March 31, 2010

Payson Total Return Fund - Prospectus - August 1, 2010

Payson Total Return Fund - Statement of Additional Information - August 1, 2010

Payson Total Return Fund - Semi-Annual Report - September 30, 2009