WELCOME NEWS
Welcome to the Internet home of the Aegis Value Fund (ticker: AVALX). Founded in 1998, the Fund focuses on investing in small company stocks that can be purchased at low multiples of accounting book value. Our objective is long-term capital appreciation while minimizing risk of loss.

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November 6, 2008 – Estimated Distribution for 2008

October 10th, 2008 – 2008 Q3 Manager’s Letter to Value Investors & Discussion of Recent Market Events

September 10, 2008 – Video: Aegis’s Barbee “Micro Caps, Big Returns” on CNBC
October, 2008 – News: Aegis Value Fund in Kiplinger’s

August 22, 2008 – Video: Aegis’s Barbee "Avoiding Bear Traps" on CNBC

August 4, 2008 – Video: Aegis’s Barbee "Your Best Trades Now" on CNBC

July 29, 2008 – Video: Aegis’s Barbee "Value Stock Plays" on CNBC

June 18, 2008 – News: Aegis Value Fund in Morningstar News

June 16, 2008 – Video: Aegis’s Barbee "Hunting for Value" on CNBC

May 29, 2008 – Aegis Value Fund in Morningstar News

May 5, 2008 – Video: Aegis’s Scott Barbee featured on CNBC

October 17, 2007 – Video: Aegis's Barbee 'Shopping for Value' on CNBC

August 27, 2007 – Video: Aegis’s Scott Barbee featured on CNBC

August 13, 2007 – Barron’s and Value Line name Aegis Top Fund

April 12, 2007 – Aegis Value Fund in Bloomberg News
Date of First Use as Revised in Present Form 1/11/2008
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Funds Distributed by Rafferty Capital Markets, LLC.

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Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing.
View a prospectus containing this and call 800-528-3780. Please read the prospectus carefully before investing.
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