Queens Road Funds

The Queens Road Funds are pleased to offer two value-oriented mutual funds that are based on the principles and extensive investment advisory experience of Bragg Financial Advisors, Inc. The firm's investment philosophy focuses on buying securities at prices below their estimate of intrinsic value.

Since 1998, Bragg Financial Advisors has offered asset management and wealth management to individuals, institutions, trusts, foundations and corporations based on integrity, strong relationships and a disciplined approach to investing. We hope you will take the time to learn more about our funds. If you have any questions, please call us at 800-595-3088.

2009 Distribution Information

Queens Road Small Cap Value Fund - QRSVX

Distribution Type	Record Date	ExDate	Pay Date	Amount	NAV
No distributions in 2009

Queens Road Value Fund - QRVLX

Distribution Type	Record Date	ExDate	Pay Date	Amount	NAV
Dividend	12/25/2009	12/28/2009	12/28/2009	.12624	12.43
Long Term Capital Gain	None	None	None	None	None