Source: UMB Fund Services
Please contact us at 888-339-4230
for recent month end performance and additional information.
The fund is sold with a maximum
sales charge of 2.50%. The investment return and
principal value of an investment in Lifetime Achievement Fund will fluctuate
and at redemption shares may be worth more or less than the amount of the
original investment. All performance shown includes the reinvestment of
dividends and capital gains. Market volatility can significantly impact short-term
performance. The performance data shown
represents past performance. Current
performance may be lower or higher than the performance data shown. Past performance does not guarantee
future results.
Manarin
Securities Corporation is the distributor of the Lifetime Achievement Fund,
Inc. For more information about the fund, contact Lifetime Achievement
Fund, Inc. at 888-339-4230 or download a free
prospectus, which contains more complete fund information including
investment goals, sales charges, expenses and risk considerations. Please
read the prospectus carefully before investing or sending money.
*Fund
prices calculated based on prior day's closing prices as calculated by the fund
transfer agent, subject to verification by the fund custodian.
|
Management Fee
|
0.75%
|
|
|
Distribution and Shareholder
Service (12b-1) Fee
|
0.25%
|
|
|
Interest Expense and Cost of
Borrowing
|
0.84%
|
(a)
|
|
Other
|
0.38%
|
|
|
Subtotal: Annual Fund
Operating Expenses (before Acquired Fund Fees and Expenses)
|
2.22%
|
(b)
|
|
Acquired Fund Fees and Expenses
|
1.40%
|
(c)
|
|
Total Annual Fund Operating Expenses
|
3.62%
|
(d)
|
(a) This figure
represents the costs associated with the Fund's borrowing activities. For the fiscal year ended December 31,
2008, the Fund had a weighted average loan balance of approximately $31.9
million. The interest expense on this
loan for fiscal 2008 was $1,216,454.
The proceeds of the loan were invested in portfolio securities. There are risks associated with such
borrowing, including additional costs and the potential for reduced
performance, particularly during times of declining asset values. These risks are discussed under the
subheading "The Principal Risks of Investing in the Fund—Risks of Borrowing for
Leverage."
(b) Excluding Interest
Expense and Cost of Fund Borrowing, Total Annual Fund Operating Expenses
(before Acquired Fund Fees and Expenses) would be 1.38%.
(c) This figure
represents the Fund's proportionate share of the fees and expenses of the
Investment Funds (referred to as "Acquired Funds") in which the Fund invests.
(d) Through December 31, 2009, the Adviser has
voluntarily agreed to waive its fees and/or reimburse the Fund to the extent
that "Other Expenses" exceed 0.50% of the Fund's average daily net assets,
excluding interest expense and cost of Fund borrowings. For the fiscal year ended December 31, 2008,
the Adviser had voluntarily agreed to the same waiver/reimbursement; however,
for this period, the Adviser made no reimbursements to the Fund, nor did it
waive its fees because the Fund's "Other Expenses" were less than 0.50%. "Total Annual Fund Operating Expenses" do
not correlate to the ratio of expenses to average net assets in the Financial
Highlights table in this Prospectus and in the Fund's most recent annual report
because the latter reflects the operating expenses of the Fund and does not
include "Acquired Fund Fees and Expenses."
