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The MTB Group of Funds
MTB Investment Advisors

MTB Investment Advisors, Inc. (MTBIA) is the investment advisor to the MTB Group of Funds. This means they manage and invest the money for the various mutual fund portfolios that make up the MTB Group of Funds.

In addition to managing money for the MTB Group of Funds, MTBIA manages investments on a separate account basis for corporations, not-for-profits, foundations, endowments, unions and municipalities. The MTB Group of Funds provides an accessible and affordable way for the individual investor to put the money management expertise enjoyed by institutional clients to work for them.

MTBIA began managing assets as a registered investment advisor in 1995, under the name Allied Investment Advisors, then a subsidiary of Allfirst Financial. Following the acquisition of Allfirst Financial by M&T Bank in April 2003, the current name, MTB Investment Advisors, was adopted.

To learn more about MTB Investment Advisors, click here.

The Fund's holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets.

All Funds (except Money Market Funds) exclude cash and cash equivalent securities from Top holdings and Top issuers.

All contents © 2009 MTB Group of Funds. All rights reserved.

For more complete information, please download the Fund's prospectus available on www.mtbfunds.com or call 1-800-836-2211 for copies. You should consider the Fund's investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the Fund's prospectus, which you should read carefully before investing.

MTB Investment Advisors, Inc., a subsidiary of Manufacturers and Traders Trust Company (“M&T Bank”), is the investment advisor to the MTB Group of Funds. ALPS Distributors, Inc., which is not affiliated with M&T Bank, is the distributor of the MTB Group of Funds.

NOT FDIC Insured • No Bank Guarantee • May Lose Value