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Institutional Asset Management Mutual Funds		Provident Investment Counsel U.S. Equity Growth Funds Frequently Asked Questions Provident Investment Counsel believes our mutual funds provide investors an opportunity to capitalize on the same management tradition that our institutional clients have enjoyed throughout our firm's history. As a shareholder in our funds, you have access to what we believe are solid investment opportunities in growth stocks. Contact a Marketing & Consultant Relations Professional Order Literature Provident Investment Counsel U.S. Equity Growth Funds Name Ticker Symbol Expense Ratio Type Small Cap Growth Fund, Class I PISCX 1.00% No-load/open-end Flexible Growth Fund, Class I (formerly Mid Cap Fund, Class B) PFLEX 0.95% No-load/open-end While certain Funds are no-load, there are management fees and distribution fees that do apply. Please see the prospectus for further details. Frequently Asked Questions 1.  Why should I invest with Provident Investment Counsel? 2.  How do I open an account? 3.  How can I buy additional shares? 4.  How can I update or change my personal information? How do I order additional statements or obtain other information regarding my account or the Funds in general? 1.   Why should I invest with Provident Investment Counsel? Provident specializes in growth stocks - small, mid-size and large capitalization companies that are well managed market leaders that we believe are growing faster than their peers. Fund investors can capitalize on Provident's institutional traditions by participating in a portfolio that constitutes what we believe are the best growth stock investment opportunities. 2.   How do I open an account? You may download an application or call shareholder services at 800-618-7643 For complete information, including investment policies, risk considerations, expenses and fees, please refer to the prospectus for each fund. To receive the prospectus by US Mail, call shareholder services at 800-618-7643 or visit the Order Literature page. 3.   How can I buy additional shares? Fund shares may be purchased by mail, wire, phone, or through an automatic investment plan. Broker/dealers or other intermediaries may affect transactions through various NSCC Fund/Serve trading platforms. Please call shareholder services for further information. 4.   How can I update or change my personal information? How do I order additional statements or obtain other information regarding my account or the Funds in general? Please call shareholder services at 800-618-7643 for any changes you would like to make to your account, or to request copies of statements, other reports, or to receive current fund prices. Disclosure Provident Investment Counsel Mutual Funds are available to U.S. investors only. Shares of the Funds are currently offered only in the United States and are not available for sale in any jurisdiction other than the United States. The information on this website should not be considered a solicitation to buy or an offer to sell shares of Provident Investment Counsel Mutual Funds in any jurisdiction where it would be unlawful under the securities law of that jurisdiction. This information is authorized for use when preceded or accompanied by a prospectus for the Provident Investment Counsel Mutual Funds. The prospectus contains more complete information including risks, fees and expenses related to an ongoing investment in the Fund. Please read it carefully before investing. Mutual Fund investing involves risk and loss of principal is possible. The Funds invest in small- and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility. Distributed by Quasar Distributors, LLC.

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