Fortis Tax-Exempt Money Market Fund - I Class (RXTXX)

Fund Profile Fact Sheet PDF

Overview

Investment Strategy and Process

The Fortis Tax-Exempt Money Market Fund invests substantially all of its assets in high quality money market instruments issued by municipalities and other issuers, and under normal conditions, at least 80% (as a fundamental policy) of its net assets in securities that pay income exempt from federal and alternative minimum taxes. The dollar-weighted average maturity of the securities in the Fund is 90 days or less. Issuers may be located in any state, territory or possession of the U.S. or the District of Columbia.

The portfolio manager:

emphasizes particular sectors of the municipal money market that it expected to outperform the market as a whole
structures the Fund's portfolio based on interest rates, market conditions and liquidity needs
monitors the Fund for credit quality changes and may adjust the Fund's average maturity in anticipation of changes in short-term interest rates
selects securities that:
- are denominated in U.S. dollars
- have high credit quality and minimal credit risk
- mature or reset in 397 days or less

Objective

The Fund seeks to preserve principal value and maintain a high degree of liquidity while providing current income exempt from regular federal income tax and not included as a preference item under the federal alternative mimimum tax.

Main Risks

An investment in the Fortis Tax-Exempt Money Market is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The Fund's yield will change as a result of movements in short-term interest rates and market conditions.

Note: Income from the fund may be subject to federal alternative minimum tax (AMT), state, and local taxes.

Fund Overview
Inception Date	1/4/1993
Ticker	RXTXX
Cusip	00078H570
Load	None

Fund Statistics (as of 9/30/2008)

Total Net Assets

$190,538,868.21

Expense Ratio

0.34%

Minimum Investment

$1,000,000

Sector Breakdown (as of 10/31/2008)
Revenue	58.81%
Registered Investment Company	18.43%
General Obligations	12.14%
Cash Equivalents & Other	9.94%
Capital Goods	0.68%

*Total Net Assets include I and S Classes

Past performance does not guarantee future results. Investment return and principal value of mutual funds will vary with market conditions, so that shares, when redeemed, may be worth more or less than their original cost.