You should consider the investment objectives, risks, charges and expenses of the Torray Fund carefully before investing. A prospectus with this and other information may be obtained by calling 800.443.3036 or by downloading one from this Web site. You should read the prospectus carefully before investing.
Separate accounts are provided by Torray LLC. Shares of the Torray mutual fund are distributed by Foreside Funds Distributors LLC, Berwyn, Pennsylvania, not affiliated with Torray LLC.