THE BLUE FUND

Welcome to the BLUE NOW newsletter

April 2007

As progressives, we all strive to align our actions with our values. For example, many of us are taking steps to decrease our environmental footprint in ways small and large, from using energy-saving light bulbs to driving more fuel-efficient cars. Others have contributed to political candidates that share our sense of values and priorities. Now, in signing a petition last month through Care2.com, we’ve all pledged to consider our “investment footprint”—to find ways to decrease the negative impact that many of our investments can have on the social and political climate around us. The Blue Fund represents a new opportunity for us to act on this pledge. While we actively show support for progressive principals and causes in our daily lives, we are simultaneously owning and supporting the very corporations that we're fighting against--corporations that not only conduct business in a way that goes against our values but that also goes against our common sense about the way good businesses should be run. More than 30% of the companies in the S&P 500 are involved in litigation over environmental practices, accounting fraud, and other concerns.* More than 75% of the executives and companies in the S&P 500 are net contributors to the Republican Party.** The mutual funds that we invest in, through our personal savings, IRAs or work retirement plans, invest the overwhelming majority of our money in these companies. Now we have a real alternative: we can invest in companies led by progressive leaders with progressive principles without necessarily sacrificing financial returns through The Blue Fund. The Blue Fund is a new ethically and politically conscious investment firm. We have built and launched two mutual funds, The Blue Large Cap and The Blue Small Cap, around core progressive values like strong corporate governance, environmental sustainability and fair treatment of employees. Importantly, The Blue Fund is the only mutual fund company that incorporates a critical additional step, investing only in those companies whose political contributions demonstrate a sincere commitment to these values. We do not invest in companies that give more to Republicans than to Democrats. Period. Just like any other investment vehicle, we cannot promise future investment returns. What we can do is highlight our track record to date. As the most recent performance numbers show, our funds have out-performed their respective benchmarks since their launch. With The Blue Fund, progressives can finally invest in line with their hearts and their minds. You can invest in the funds through Fidelity, Charles Schwab & Co., E*TRADE, and Scottrade or directly through The Blue Fund by filling out an application on our website. If you would like to speak with a Blue Fund representative before making your investment, please call 877-490-BLUE. Many of you have also asked us how you can help spread the word about Blue investing and The Blue Fund. You can do something as simple as requesting a Blue Fund bumper sticker for your car and discussing The Blue Fund at the next political event you attend. If you have any questions about how you can get involved—or if you would actually like to request that bumper sticker or other Blue Fund materials for yourselves or for like-minded friends—you can reply to this e-mail. We look forward to hearing from you and to welcoming you as an active member of our community of Blue investors! Sincerely, The Blue Fund Team www.bluefund.com * Based on analysis by Blue Investment Management using data from KLD Research & Analytics. ** Based on analysis by Blue Investment Management using data from Opensecrets.org. An investor should consider the investment objectives, risks, charges and expenses of The Blue Fund carefully before investing or sending money. The prospectus contains this and other information about the Fund. Read and consider it carefully before investing. To obtain a prospectus, click here or call us at 1-877-490-BLUE. The Blue Fund is distributed by BISYS Fund Services, Limited Partnership. Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. The Blue Fund are socially responsible funds. Their social policy could cause the Funds to underperform other index funds that do not have a social policy. The social policies of the Funds could cause the Fund Advisors to sell or avoid stocks that subsequently perform well.