Tilson Focus Fund
NAV Listing
11/18/2008	5.86
11/17/2008	5.87
11/14/2008	6.16
11/13/2008	6.46
11/12/2008	6.18
11/11/2008	6.57
11/10/2008	6.73
11/7/2008	6.85
11/6/2008	6.82
11/5/2008	7.00
11/4/2008	7.30
11/3/2008	7.07
10/31/2008	7.19
10/30/2008	7.02
10/29/2008	6.81
10/28/2008	6.53
10/27/2008	6.27
10/24/2008	6.51
10/23/2008	6.66
10/22/2008	6.85
10/21/2008	7.25
10/20/2008	7.45
10/17/2008	7.21
10/16/2008	7.25
10/15/2008	7.06
10/14/2008	7.57
10/13/2008	7.74
10/10/2008	7.07
10/9/2008	6.93
10/8/2008	7.52
10/7/2008	7.83
10/6/2008	8.36
10/3/2008	8.74
10/2/2008	8.96
10/1/2008	9.16
9/30/2008	9.13
9/29/2008	8.78
9/26/2008	9.18
9/25/2008	9.00
9/24/2008	8.91
9/23/2008	9.14
9/22/2008	9.30
9/19/2008	9.26
9/18/2008	8.82
9/17/2008	8.37
9/16/2008	8.85
9/15/2008	8.70
9/12/2008	8.99
9/11/2008	9.08
9/10/2008	9.07
9/9/2008	9.13
9/8/2008	9.26
9/5/2008	8.99
9/4/2008	8.98
9/3/2008	9.13
9/2/2008	9.04
8/29/2008	8.86
8/28/2008	8.79
8/27/2008	8.65
8/26/2008	8.49
8/25/2008	8.51
8/22/2008	8.73
8/21/2008	8.60
8/20/2008	8.67
8/19/2008	8.70
8/18/2008	8.82
8/15/2008	8.92
8/14/2008	8.81
8/13/2008	8.72
8/12/2008	8.84
8/11/2008	8.93
8/8/2008	8.61
8/7/2008	8.41
8/6/2008	8.55
8/5/2008	8.53
8/4/2008	8.22
8/1/2008	8.32
7/31/2008	8.55
7/30/2008	8.58
7/29/2008	8.61
7/28/2008	8.43
7/25/2008	8.54
7/24/2008	8.54
7/23/2008	8.73
7/22/2008	8.64
7/21/2008	8.61
7/18/2008	8.67
7/17/2008	8.83
7/16/2008	8.63
7/15/2008	8.42
7/14/2008	8.34
7/11/2008	8.45
7/10/2008	8.50
7/9/2008	8.57
7/8/2008	8.78
7/7/2008	8.54
7/3/2008	8.48
7/2/2008	8.61
7/1/2008	8.77
6/30/2008	8.67
6/27/2008	8.71
6/26/2008	8.68
6/25/2008	8.97
6/24/2008	8.75
6/23/2008	8.74
6/20/2008	8.86
6/19/2008	9.07
6/18/2008	9.02
6/17/2008	9.11
6/16/2008	9.17
6/13/2008	9.17
6/12/2008	9.03
6/11/2008	9.00
6/10/2008	9.21
6/9/2008	9.26
6/6/2008	9.31
6/5/2008	9.57
6/4/2008	9.37
6/3/2008	9.50
6/2/2008	9.50
5/30/2008	9.60
5/29/2008	9.68
5/28/2008	9.40
5/27/2008	9.45
5/23/2008	9.38
5/22/2008	9.52
5/21/2008	9.40
5/20/2008	9.41
5/19/2008	9.42
5/16/2008	9.49
5/15/2008	9.50
5/14/2008	9.21
5/13/2008	9.22
5/12/2008	9.25
5/9/2008	9.07
5/8/2008	9.00
5/7/2008	9.12
5/6/2008	9.10
5/5/2008	9.12
5/2/2008	9.27
5/1/2008	9.43
4/30/2008	9.31
4/29/2008	9.36
4/28/2008	9.29
4/25/2008	9.26
4/24/2008	9.19
4/23/2008	9.09
4/22/2008	9.13
4/21/2008	9.32
4/18/2008	9.37
4/17/2008	9.32
4/16/2008	9.37
4/15/2008	9.28
4/14/2008	9.30
4/11/2008	9.39
4/10/2008	9.64
4/9/2008	9.59
4/8/2008	9.70
4/7/2008	9.80
4/4/2008	9.65
4/3/2008	9.68
4/2/2008	9.70
4/1/2008	9.59
3/31/2008	9.33
3/28/2008	9.23
3/27/2008	9.40
3/26/2008	9.57
3/25/2008	9.61
3/24/2008	9.68
3/20/2008	9.36
3/19/2008	9.13
3/18/2008	9.20
3/17/2008	8.95
3/14/2008	9.09
3/13/2008	9.24
3/12/2008	9.06
3/11/2008	9.22
3/10/2008	9.01
3/7/2008	9.28
3/6/2008	9.26
3/5/2008	9.60
3/4/2008	9.56
3/3/2008	9.66
2/29/2008	9.86
2/28/2008	10.11
2/27/2008	10.28
2/26/2008	10.31
2/25/2008	10.23
2/22/2008	10.12
2/21/2008	10.14
2/20/2008	10.25
2/19/2008	10.09
2/15/2008	10.13
2/14/2008	10.16
2/13/2008	10.39
2/12/2008	10.23
2/11/2008	10.37
2/8/2008	10.33
2/7/2008	10.37
2/6/2008	10.22
2/5/2008	10.32
2/4/2008	10.65
2/1/2008	10.82
1/31/2008	10.65
1/30/2008	10.34
1/29/2008	10.42
1/28/2008	10.30
1/25/2008	10.25
1/24/2008	10.33
1/23/2008	10.32
1/22/2008	10.01
1/18/2008	9.83
1/17/2008	9.77
1/16/2008	9.76
1/15/2008	9.72
1/14/2008	9.92
1/11/2008	9.90
1/10/2008	10.15
1/9/2008	10.04
1/8/2008	10.03
1/7/2008	10.13
1/4/2008	10.13
1/3/2008	10.47
1/2/2008	10.54
12/31/2007	10.71
12/28/2007	10.75
12/27/2007	10.68
12/26/2007	10.89
12/24/2007	10.93
12/21/2007	10.75
12/20/2007	10.60
12/19/2007	10.60
12/18/2007	10.59
12/17/2007	11.44
12/14/2007	11.71
12/13/2007	11.86
12/12/2007	11.92
12/11/2007	12.13
12/10/2007	12.49
12/7/2007	12.42
12/6/2007	12.43
12/5/2007	12.45
12/4/2007	12.37
12/3/2007	12.36
11/30/2007	12.39
11/29/2007	12.38
11/28/2007	12.41
11/27/2007	11.97
11/26/2007	11.89
11/23/2007	11.93
11/21/2007	11.73
11/20/2007	11.78
11/19/2007	11.84
11/16/2007	11.96
11/15/2007	12.00
11/14/2007	12.30
11/13/2007	12.55
11/12/2007	12.07
11/9/2007	12.10
11/8/2007	12.41
11/7/2007	12.44
11/6/2007	12.66
11/5/2007	12.54
11/2/2007	12.62
11/1/2007	12.63
10/31/2007	13.11
10/30/2007	12.97
10/29/2007	12.99
10/26/2007	12.64
10/25/2007	12.48
10/24/2007	12.34
10/23/2007	12.33
10/22/2007	12.29
10/19/2007	12.22
10/18/2007	12.55
10/17/2007	12.61
10/16/2007	12.53
10/15/2007	12.59
10/12/2007	12.70
10/11/2007	12.70
10/10/2007	12.83
10/9/2007	12.89
10/8/2007	12.95
10/5/2007	12.92
10/4/2007	12.61
10/3/2007	12.66
10/2/2007	12.63
10/1/2007	12.46
9/28/2007	12.26
9/27/2007	12.16
9/26/2007	12.03
9/25/2007	11.93
9/24/2007	12.32
9/21/2007	12.48
9/20/2007	12.57
9/19/2007	12.79
9/18/2007	12.88
9/17/2007	12.38
9/14/2007	12.51
9/13/2007	12.28
9/12/2007	11.98
9/11/2007	11.91
9/10/2007	11.75
9/7/2007	11.93
9/6/2007	12.18
9/5/2007	12.13
9/4/2007	12.28
8/31/2007	12.38
8/30/2007	12.23
8/29/2007	12.28
8/28/2007	12.16
8/27/2007	12.54
8/24/2007	12.66
8/23/2007	12.54
8/22/2007	12.61
8/21/2007	12.32
8/20/2007	12.25
8/17/2007	12.28
8/16/2007	11.95
8/15/2007	11.74
8/14/2007	11.96
8/13/2007	12.37
8/10/2007	12.44
8/9/2007	12.56
8/8/2007	12.93
8/7/2007	12.53
8/6/2007	12.30
8/3/2007	12.14
8/2/2007	12.38
8/1/2007	12.15
7/31/2007	12.18
7/30/2007	12.29
7/27/2007	12.24
7/26/2007	12.29
7/25/2007	12.62
7/24/2007	12.73
7/23/2007	12.96
7/20/2007	13.02
7/19/2007	13.19
7/18/2007	13.10
7/17/2007	13.15
7/16/2007	13.17
7/13/2007	13.27
7/12/2007	13.23
7/11/2007	12.99
7/10/2007	12.94
7/9/2007	13.21
7/6/2007	13.23
7/5/2007	13.15
7/3/2007	13.14
7/2/2007	13.10
6/29/2007	13.03
6/28/2007	13.03
6/27/2007	13.03
6/26/2007	12.95
6/25/2007	12.97
6/22/2007	13.09
6/21/2007	13.12
6/20/2007	13.13
6/19/2007	13.31
6/18/2007	13.36
6/15/2007	13.35
6/14/2007	13.31
6/13/2007	13.36
6/12/2007	13.23
6/11/2007	13.38
6/8/2007	13.30
6/7/2007	13.17
6/6/2007	13.36
6/5/2007	13.46
6/4/2007	13.53
6/1/2007	13.51
5/31/2007	13.38
5/30/2007	13.31
5/29/2007	13.25
5/25/2007	13.26
5/24/2007	13.19
5/23/2007	13.24
5/22/2007	13.23
5/21/2007	13.19
5/18/2007	13.19
5/17/2007	13.16
5/16/2007	13.17
5/15/2007	13.12
5/14/2007	13.11
5/11/2007	13.21
5/10/2007	13.13
5/9/2007	13.18
5/8/2007	13.12
5/7/2007	13.22
5/4/2007	13.16
5/3/2007	13.18
5/2/2007	13.14
5/1/2007	13.02
4/30/2007	12.97
4/27/2007	13.07
4/26/2007	13.06
4/25/2007	12.93
4/24/2007	12.90
4/23/2007	12.97
4/20/2007	13.02
4/19/2007	12.91
4/18/2007	12.93
4/17/2007	12.96
4/16/2007	12.94
4/13/2007	12.83
4/12/2007	12.82
4/11/2007	12.76
4/10/2007	12.81
4/9/2007	12.79
4/5/2007	12.77
4/4/2007	12.73
4/3/2007	12.69
4/2/2007	12.58
3/30/2007	12.58
3/29/2007	12.52
3/28/2007	12.49
3/27/2007	12.57
3/26/2007	12.66
3/23/2007	12.69
3/22/2007	12.65
3/21/2007	12.68
3/20/2007	12.54
3/19/2007	12.49
3/16/2007	12.36
3/15/2007	12.41
3/14/2007	12.36
3/13/2007	12.36
3/12/2007	12.61
3/9/2007	12.60
3/8/2007	12.58
3/7/2007	12.57
3/6/2007	12.61
3/5/2007	12.48
3/2/2007	12.60
3/1/2007	12.71
2/28/2007	12.71
2/27/2007	12.72
2/26/2007	13.15
2/23/2007	13.11
2/22/2007	13.15
2/21/2007	13.17
2/20/2007	13.13
2/16/2007	13.00
2/15/2007	13.03
2/14/2007	13.01
2/13/2007	12.96
2/12/2007	12.92
2/9/2007	12.97
2/8/2007	13.04
2/7/2007	13.08
2/6/2007	13.11
2/5/2007	13.10
2/2/2007	13.11
2/1/2007	13.11
1/31/2007	13.02
1/30/2007	12.86
1/29/2007	12.79
1/26/2007	12.81
1/25/2007	12.83
1/24/2007	12.99
1/23/2007	12.94
1/22/2007	12.88
1/19/2007	13.02
1/18/2007	12.99
1/17/2007	13.03
1/16/2007	13.06
1/12/2007	13.06
1/11/2007	12.98
1/10/2007	12.82
1/9/2007	12.77
1/8/2007	12.70
1/5/2007	12.70
1/4/2007	12.75
1/3/2007	12.77
12/29/2006	12.74
12/28/2006	12.77
12/27/2006	12.78
12/26/2006	12.72
12/22/2006	12.67
12/21/2006	12.74
12/20/2006	12.81
12/19/2006	12.82
12/18/2006	12.86
12/15/2006	12.95
12/14/2006	13.12
12/13/2006	12.98
12/12/2006	12.96
12/11/2006	13.03
12/8/2006	13.04
12/7/2006	13.05
12/6/2006	13.06
12/5/2006	13.05
12/4/2006	12.98
12/1/2006	12.79
11/30/2006	12.85
11/29/2006	12.79
11/28/2006	12.74
11/27/2006	12.69
11/24/2006	13.00
11/22/2006	13.00
11/21/2006	12.93
11/20/2006	12.86
11/17/2006	12.85
11/16/2006	12.98
11/15/2006	12.93
11/14/2006	12.90
11/13/2006	12.78
11/10/2006	12.76
11/9/2006	12.69
11/8/2006	12.72
11/7/2006	12.63
11/6/2006	12.58
11/3/2006	12.40
11/2/2006	12.49
11/1/2006	12.50
10/31/2006	12.62
10/30/2006	12.56
10/27/2006	12.56
10/26/2006	12.71
10/25/2006	12.53
10/24/2006	12.46
10/23/2006	12.49
10/20/2006	12.30
10/19/2006	12.26
10/18/2006	12.30
10/17/2006	12.25
10/16/2006	12.35
10/13/2006	12.28
10/12/2006	12.30
10/11/2006	12.03
10/10/2006	12.09
10/9/2006	11.96
10/6/2006	11.97
10/5/2006	12.00
10/4/2006	11.95
10/3/2006	11.77
10/2/2006	11.63
9/29/2006	11.65
9/28/2006	11.67
9/27/2006	11.63
9/26/2006	11.55
9/25/2006	11.45
9/22/2006	11.30
9/21/2006	11.38
9/20/2006	11.43
9/19/2006	11.28
9/18/2006	11.30
9/15/2006	11.38
9/14/2006	11.33
9/13/2006	11.32
9/12/2006	11.32
9/11/2006	11.12
9/8/2006	11.12
9/7/2006	11.02
9/6/2006	11.04
9/5/2006	11.16
9/1/2006	11.17
8/31/2006	11.08
8/30/2006	11.09
8/29/2006	11.11
8/28/2006	11.07
8/25/2006	10.94
8/24/2006	11.02
8/23/2006	10.97
8/22/2006	10.95
8/21/2006	11.00
8/18/2006	11.02
8/17/2006	10.91
8/16/2006	10.87
8/15/2006	10.70
8/14/2006	10.57
8/11/2006	10.52
8/10/2006	10.53
8/9/2006	10.44
8/8/2006	10.61
8/7/2006	10.62
8/4/2006	10.65
8/3/2006	10.63
8/2/2006	10.62
8/1/2006	10.54
7/31/2006	10.66
7/28/2006	10.65
7/27/2006	10.49
7/26/2006	10.56
7/25/2006	10.60
7/24/2006	10.46
7/21/2006	10.31
7/20/2006	10.44
7/19/2006	10.59
7/18/2006	10.34
7/17/2006	10.37
7/14/2006	10.31
7/13/2006	10.45
7/12/2006	10.71
7/11/2006	10.88
7/10/2006	10.86
7/7/2006	10.75
7/6/2006	10.83
7/5/2006	10.76
7/3/2006	10.88
6/30/2006	10.81
6/29/2006	10.86
6/28/2006	10.55
6/27/2006	10.58
6/26/2006	10.69
6/23/2006	10.63
6/22/2006	10.66
6/21/2006	10.75
6/20/2006	10.59
6/19/2006	10.60
6/16/2006	10.67
6/15/2006	10.75
6/14/2006	10.48
6/13/2006	10.41
6/12/2006	10.53
6/9/2006	10.72
6/8/2006	10.70
6/7/2006	10.72
6/6/2006	10.72
6/5/2006	10.76
6/2/2006	10.93
6/1/2006	11.02
5/31/2006	10.86
5/30/2006	10.81
5/26/2006	11.01
5/25/2006	11.01
5/24/2006	10.82
5/23/2006	10.80
5/22/2006	10.85
5/19/2006	10.86
5/18/2006	10.81
5/17/2006	10.72
5/16/2006	10.89
5/15/2006	10.93
5/12/2006	10.87
5/11/2006	11.05
5/10/2006	11.25
5/9/2006	11.26
5/8/2006	11.22
5/5/2006	11.20
5/4/2006	10.97
5/3/2006	10.87
5/2/2006	10.84
5/1/2006	10.76
4/28/2006	10.77
4/27/2006	10.97
4/26/2006	10.99
4/25/2006	10.75
4/24/2006	10.76
4/21/2006	10.80
4/20/2006	10.84
4/19/2006	10.76
4/18/2006	10.61
4/17/2006	10.42
4/13/2006	10.53
4/12/2006	10.50
4/11/2006	10.48
4/10/2006	10.54
4/7/2006	10.56
4/6/2006	10.73
4/5/2006	10.77
4/4/2006	10.67
4/3/2006	10.68
3/31/2006	10.68
3/30/2006	10.73
3/29/2006	10.79
3/28/2006	10.62
3/27/2006	10.71
3/24/2006	10.75
3/23/2006	10.80
3/22/2006	10.86
3/21/2006	10.84
3/20/2006	10.87
3/17/2006	10.79
3/16/2006	10.74
3/15/2006	10.64
3/14/2006	10.50
3/13/2006	10.39
3/10/2006	10.52
3/9/2006	10.43
3/8/2006	10.42
3/7/2006	10.37
3/6/2006	10.40
3/3/2006	10.42
3/2/2006	10.33
3/1/2006	10.41
2/28/2006	10.36
2/27/2006	10.51
2/24/2006	10.38
2/23/2006	10.44
2/22/2006	10.46
2/21/2006	10.40
2/17/2006	10.48
2/16/2006	10.50
2/15/2006	10.50
2/14/2006	10.45
2/13/2006	10.33
2/10/2006	10.37
2/9/2006	10.40
2/8/2006	10.43
2/7/2006	10.40
2/6/2006	10.51
2/3/2006	10.52
2/2/2006	10.57
2/1/2006	10.61
1/31/2006	10.58
1/30/2006	10.61
1/27/2006	10.55
1/26/2006	10.44
1/25/2006	10.45
1/24/2006	10.46
1/23/2006	10.32
1/20/2006	10.32
1/19/2006	10.46
1/18/2006	10.36
1/17/2006	10.37
1/13/2006	10.43
1/12/2006	10.47
1/11/2006	10.59
1/10/2006	10.48
1/9/2006	10.48
1/6/2006	10.40
1/5/2006	10.33
1/4/2006	10.38
1/3/2006	10.30
12/30/2005	10.26
12/29/2005	10.37
12/28/2005	10.38
12/27/2005	10.38
12/23/2005	10.49
12/22/2005	10.47
12/21/2005	10.47
12/20/2005	10.44
12/19/2005	10.47
12/16/2005	10.57
12/15/2005	10.68
12/14/2005	10.78
12/13/2005	10.73
12/12/2005	10.57
12/9/2005	10.57
12/8/2005	10.52
12/7/2005	10.57
12/6/2005	10.56
12/5/2005	10.49
12/2/2005	10.60
12/1/2005	10.58
11/30/2005	10.49
11/29/2005	10.53
11/28/2005	10.54
11/25/2005	10.54
11/23/2005	10.60
11/22/2005	10.47
11/21/2005	10.45
11/18/2005	10.40
11/17/2005	10.35
11/16/2005	10.23
11/15/2005	10.26
11/14/2005	10.32
11/11/2005	10.30
11/10/2005	10.24
11/9/2005	10.13
11/8/2005	10.18
11/7/2005	10.22
11/4/2005	10.12
11/3/2005	10.07
11/2/2005	9.92
11/1/2005	9.78
10/31/2005	9.79
10/28/2005	9.65
10/27/2005	9.46
10/26/2005	9.68
10/25/2005	9.78
10/24/2005	9.87
10/21/2005	9.68
10/20/2005	9.65
10/19/2005	9.85
10/18/2005	9.60
10/17/2005	9.66
10/14/2005	9.60
10/13/2005	9.56
10/12/2005	9.54
10/11/2005	9.62
10/10/2005	9.64
10/7/2005	9.63
10/6/2005	9.65
10/5/2005	9.64
10/4/2005	9.71
10/3/2005	9.82
9/30/2005	9.78
9/29/2005	9.77
9/28/2005	9.69
9/27/2005	9.70
9/26/2005	9.71
9/23/2005	9.67
9/22/2005	9.65
9/21/2005	9.44
9/20/2005	9.67
9/19/2005	9.87
9/16/2005	9.99
9/15/2005	9.91
9/14/2005	9.90
9/13/2005	10.01
9/12/2005	10.07
9/9/2005	10.07
9/8/2005	9.98
9/7/2005	10.06
9/6/2005	9.97
9/2/2005	9.85
9/1/2005	9.86
8/31/2005	9.93
8/30/2005	9.87
8/29/2005	9.95
8/26/2005	9.96
8/25/2005	9.97
8/24/2005	9.98
8/23/2005	10.08
8/22/2005	10.11
8/19/2005	10.13
8/18/2005	10.21
8/17/2005	10.19
8/16/2005	10.11
8/15/2005	10.28
8/12/2005	10.25
8/11/2005	10.29
8/10/2005	10.25
8/9/2005	10.30
8/8/2005	10.26
8/5/2005	10.30
8/4/2005	10.34
8/3/2005	10.40
8/2/2005	10.43
8/1/2005	10.40
7/29/2005	10.36
7/28/2005	10.28
7/27/2005	10.24
7/26/2005	10.29
7/25/2005	10.28
7/22/2005	10.27
7/21/2005	10.26
7/20/2005	10.32
7/19/2005	10.33
7/18/2005	10.29
7/15/2005	10.31
7/14/2005	10.27
7/13/2005	10.26
7/12/2005	10.22
7/11/2005	10.22
7/8/2005	10.15
7/7/2005	10.05
7/6/2005	10.04
7/5/2005	10.12
7/1/2005	10.01
6/30/2005	10.00
6/29/2005	10.02
6/28/2005	10.04
6/27/2005	9.96
6/24/2005	9.97
6/23/2005	10.10
6/22/2005	10.19
6/21/2005	10.24
6/20/2005	10.21
6/17/2005	10.18
6/16/2005	10.18
6/15/2005	10.12
6/14/2005	10.10
6/13/2005	10.00
6/10/2005	10.00
6/9/2005	9.97
6/8/2005	9.93
6/7/2005	9.99
6/6/2005	10.11
6/3/2005	10.10
6/2/2005	10.21
6/1/2005	10.12
5/31/2005	10.05
5/27/2005	10.12
5/26/2005	10.14
5/25/2005	10.08
5/24/2005	10.11
5/23/2005	10.10
5/20/2005	10.03
5/19/2005	10.04
5/18/2005	9.99
5/17/2005	9.81
5/16/2005	9.80
5/13/2005	9.68
5/12/2005	9.79
5/11/2005	9.94
5/10/2005	9.96
5/9/2005	10.10
5/6/2005	10.04
5/5/2005	10.01
5/4/2005	10.05
5/3/2005	9.91
5/2/2005	9.82
4/29/2005	9.71
4/28/2005	9.65
4/27/2005	9.70
4/26/2005	9.72
4/25/2005	9.78
4/22/2005	9.68
4/21/2005	9.74
4/20/2005	9.56
4/19/2005	9.65
4/18/2005	9.62
4/15/2005	9.62
4/14/2005	9.75
4/13/2005	9.79
4/12/2005	9.88
4/11/2005	9.79
4/8/2005	9.77
4/7/2005	9.84
4/6/2005	9.86
4/5/2005	9.89
4/4/2005	9.89
4/1/2005	9.82
3/31/2005	9.94
3/30/2005	9.88
3/29/2005	9.76
3/28/2005	9.85
3/24/2005	9.91
3/23/2005	9.88
3/22/2005	9.96
3/21/2005	9.96
3/18/2005	9.97
3/17/2005	10.01
3/16/2005	10.00