OBJECTIVE

Seeks to achieve long-term growth.

SYMBOL

VLEQX

INCEPTION DATE

5/31/2013

SALES CHARGE

No Load

MINIMUM INVESTMENT

$2,000

IRA MIN. INVESTMENT

$2,000

SUBSEQUENT
INVESTMENTS

$500

THE VILLERE EQUITY FUND

OBJECTIVE/PROCESS | PERFORMANCE/PORTFOLIO

RESULTS & HOLDINGS

AS OF QUARTER-END 09/30/2017

  TOTAL
RETURNS
AVERAGE ANNUAL
TOTAL RETURNS
CUMULATIVE
RETURN
  Qrtr. 1 yr. 5 yr. 10 yr. Since
Inception*
Since
Inception*
VILLERE EQUITY FUND -0.82% 4.33% N/A N/A 2.81% 12.77%
LIPPER MID CAP GROWTH FUNDS INDEX 4.29% 19.80% N/A N/A 11.46% 60.07%
S&P 500 INDEX 4.48% 18.61% N/A N/A 12.90% 69.17%

*Inception: 5/31/2013
Expense ratio: Gross 1.26%


AS OF CALENDAR MONTH END 09/30/2017

  TOTAL
RETURNS
AVERAGE ANNUAL
TOTAL RETURNS
CUMULATIVE
RETURN
  Month 1 yr. 5 yr. 10 yr. Since
Inception*
Since
Inception*
VILLERE EQUITY FUND 4.22% 4.33% N/A N/A 2.81% 12.77%
LIPPER MID CAP GROWTH FUNDS INDEX 2.48% 19.80% N/A N/A 11.46% 60.07%
S&P 500 INDEX 2.06% 18.61% N/A N/A 12.90% 69.17%

*Inception: 5/31/2013
Expense ratio: Gross 1.26%

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data shown is current to the most recent month end.

The fund has a 2.00% Redemption fee for shares that are redeemed less 60 days from purchase.

TOP TEN HOLDINGS

VILLERE EQUITY FUND AS OF 9/30/2017 View All Holdings >
Skyworks Solutions, Inc. (SWKS) 6.2%
Euronet Worldwide, Inc. (EEFT) 5.4%
Genesee & Wyoming, Inc. (GWR) 5.2%
Financial Engines, Inc. (FNGN) 5.2%
Visa, Inc. (V) 5.1%
LKQ Corp. (LKQ) 5.1%
Axon Enterprise, Inc. (AAXN) 5.1%
Steris PLC (STE) 5.0%
Western Digital Corp. (WDC) 4.9%
Pool Corp. (POOL) 4.4%
% of Fund   51.6%

Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

DIVIDENDS

The Villere Equity Fund paid a dividend of approximately $0.16 per share ($0.16 long-term capital gains) on December 22, 2015.


Investments in smaller and medium sized companies involve additional risks such as limited liquidity and greater volatility.

The Lipper Mid-Cap Growth Funds Index is an unmanaged, equally weighted performance index of the 30 largest qualifying mutual funds (based on net assets) in the Lipper Mid-Cap classification.

The S&P 500 is an unmanaged index which is widely regarded as the standard for measuring large-cap U.S. stock market performance. The stock index does not incur expenses and is not available for investment.