General Information

Reynoldsfunds.com website: You can access current information about your investment holdings via the Shareholder Login. You will be able to view your account list, account detail (including balances), transaction history, distributions, and the current Reynolds Blue Chip Growth Fund net asset value. Additional information available includes quarterly updates of the returns of the Blue Chip Growth Fund, top ten holdings and industry percentages at Fund Facts.

Portfolio Manager: Frederick Reynolds is the portfolio manager of the Reynolds Blue Chip Growth Fund.

Linked Money Market Fund: A money market fund is offered to our clients. The investments in the fund are included in your quarterly statements.

• First American Treasury Obligations Prospectus
• First American Treasury Obligations Purchase Application (107K pdf)

NASDAQ Symbols: Reynolds Blue Chip Growth Fund—RBCGX.

Minimum Investment: $1,000 for regular and retirement accounts ($100 for additional investments for all accounts—except for the Automatic Investment Plan, which is $50 for regular and retirement plan accounts). Download application form (201K pdf).

For First American Treasury Obligations Fund current one- and seven-day yields: Call 1-800-773-9665.

For shareholders to automatically access their current account information: Access your account online.

Shareholder statement frequency: Consolidated statements summarizing the Blue Chip Growth Fund and First American Treasury Obligations Fund accounts held by a shareholder are sent quarterly. In addition, individual Blue Chip Growth Fund statements are sent whenever a transaction occurs.

Tax Reporting: Individual 1099 forms, which summarize any dividend income and any long- or short-term capital gains, are sent annually to shareholders each January if necessary. The percentage of income earned from various government securities, if any, for the Blue Chip Growth and the First American Treasury Obligations Fund are also reported in January.

Prototype plans for retirement plans: Retirement plans offered include: the Traditional IRA, Roth IRA, Coverdell Education Savings Account, SEP-IRA, and SIMPLE IRA. Download IRA information (201K pdf).

Automatic Investment Plan: There is no charge to automatically debit your checking account to invest in the Blue Chip Growth Fund or the First American Treasury Obligations Fund ($50 minimum for either of these Funds) at periodic intervals to make automatic purchases in either of these Funds. This is useful for dollar cost averaging for the Blue Chip Growth Fund. Download application form (201K pdf).

Systematic Withdrawal Plan: For shareholders with a $10,000 minimum starting balance, there is no charge to automatically redeem shares ($100 minimum) in the Blue Chip Growth Fund or the First American Treasury Obligations Fund as often as monthly and send a check to you or transfer funds to your bank account.

Free Check Writing: Free check writing ($100 minimum) is offered for accounts invested in the First American Treasury Obligations Fund.

Exchanges or Regular Redemptions: As often as desired—no charge.

To speak to a Fund representative: Call 1-800-773-9665 from 8 a.m. to 7 p.m. (CST).

The Blue Chip Growth Fund and the First American Treasury Obligations Fund are No-Load: No front-end sales commissions or deferred sales charges (“loads”) are charged. Over 40% of all mutual funds impose these marketing charges that are ultimately paid by the shareholder. These marketing charges are either: (1) a front-end fee or “load” in which up to 5% of a shareholder’s assets are deducted from the original investment (some funds even charge a fee when a shareholder reinvests capital gains or dividends); or (2) a back-end penalty fee or “load” which is typically deducted from a shareholder’s account if a shareholder redeems within five years of the original investment. These fees reduce a shareholder’s return. The Blue Chip Growth Fund and First American Treasury Obligations Fund are No-Load as they do not have these extra charges.

We appreciate your continued confidence in the Reynolds Blue Chip Growth Fund and would like to welcome our new shareholders. We look forward to strong results in the future.