OBJECTIVE

Long-term capital growth consistent with preservation of capital and balanced by current income.

SYMBOL

VILLX

INCEPTION DATE

9/30/1999

SALES CHARGE

No Load

MINIMUM INVESTMENT

$2,000

IRA MIN. INVESTMENT

$2,000

SUBSEQUENT
INVESTMENTS

$500

THE VILLERE BALANCED FUND

OBJECTIVE/PROCESS | PERFORMANCE/PORTFOLIO

RESULTS & HOLDINGS

AS OF QUARTER-END 3/31/2017

  TOTAL
RETURNS
AVERAGE ANNUAL
TOTAL RETURNS
CUMULATIVE
RETURN
  Qrtr. 1 yr. 5 yr. 10 yr. Since
Inception*
Since
Inception*
VILLERE BALANCED FUND 3.63% 9.99% 6.48% 6.57% 7.79% 271.86%
LIPPER BALANCED FUND INDEX 4.15% 10.22% 7.56% 5.28% 5.30% 146.94%
S&P 500 INDEX 6.07% 17.17% 13.30% 7.51% 5.56% 157.91%

*Inception: 9/30/1999
Expense ratio: Gross 0.98%


Performance as of 03/31/2017

Month1 yr.5 yr.10 yr.Since
Inception*
Villere Balanced Fund-0.75%9.99%6.48%6.57%7.79%
Bloomberg Barclays Intermediate Government/Credit Index0.05%0.42%1.88%3.76%4.61%
VILLX S&P Lehman Blend0.09%11.10%9.31%6.48%5.52%
Lipper Balanced Funds Index0.28%10.22%7.56%5.28%5.30%
S&P 500 TR0.12%17.17%13.30%7.51%5.56%
Villere Equity Fund-0.66%10.89%--2.48%
Lipper Mid Cap Growth Funds Index1.12%16.55%--10.24%
Russell 2000 Total Return Index0.13%26.22%--10.88%
S&P 500 TR0.12%17.17%--12.50%

*Inception: 9/30/1999
Expense ratio: Gross 0.98%

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.


TOP TEN HOLDINGS

VILLERE BALANCED FUND AS OF 3/31/17 View All Holdings >
Taser International, Inc. (TASR) 6.0%
Skyworks Solutions, Inc. (SWKS) 5.9%
Howard Hughes Corp. (HHC) 5.7%
Financial Engines, Inc. (FNGN) 4.9%
3D Systems Corp. (DDD) 4.7%
Steris PLC  (STE) 3.9%
LKQ Corp. (LKQ) 3.7%
2U, Inc. (TWOU) 3.5%
Euronet Worldwide, Inc. (EEFT) 3.5%
Kearny Financial Corp. (KRNY) 3.5%
% of Fund   45.3%

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 Balanced Fund paid a dividend of approximately $2.75 per share ($0.20 ordinary income and $2.55 long-term capital gains) on December 22, 2015.


The Lipper Balanced Index is an equally weighted performance index of the largest qualifying funds in the Lipper Category. The indices are unmanaged and returns include reinvested dividends.

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.