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Valerie Clemens
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AFBA FIVE STAR USA GLOBAL (AFGLX)

Type: Large Blend

Main sector: Top 3 Stocks

• Technology   45.8%

• Health  17.2%

• Staples  11.8%

Background: AFBA Five Star USA Global fund that seeks long-term capital growth. The fund invests in common stocks of companies based in the U.S. that receive greater than 40% of their revenues or income from global sales and operations. The international operations of these U.S. based companies will represent more than 3 countries. Securities are selected based on: fundamental analysis of industries and the economic cycle; company-specific analysis; valuation analysis; the issuer must have substantial international operations.

Largest investment:   Lear 4.19%

Initial minimum investment:   $500

Historical performance:  (Since 1/26/2001 @ $20,000)

Current value:   $16,784.17

Overall gain:     $ -3,215.83

Percent gain:    -16.08 %

Comments on Its 3-year performance:

AFBA Five Star USA Global Is a fairly new fund incepted on June 03, 1997, it has mainly Technology stock and it taking a toll as technology stock is falling rapidly. With 45% of the stock in technology company, it performance is not what many investors are seeking in term of return. Perhaps when the technology sector of the economy recovers we will see better return.

Expense Ratio:   1.08%

Sales Charges:   None