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The Bristlecone Fund's mission is to deliver attractive long-term returns to our shareholders while abiding by the highest standards of professional conduct. We aim to treat investors fairly and align our interests with those of our shareholders.

• We invest significantly alongside clients. The partners and employees of Bristlecone, along with their families, are among the fund's largest shareholders.
• The Bristlecone Fund is no-load. We impose a 180-day redemption fee to discourage short-term speculators and protect the interests of long-term shareholders.
• We communicate with clients frequently, openly and honestly about our successes and failures.
• In conducting business and investing client assets, we abide by the Code of Ethics and Standards of Professional Conduct, as developed by the CFA Institute. Click here to view the CFA code. Clicking on the link will launch a third party site and the Bristlecone Fund is not responsible for the content of the third party site.

While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.