Morris Capital Advisors - Manor Investment Funds

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BOND FUND

FUND FACTS

Ticker
MNRBX

CUSIP
564057305

Inception Date
6/3/1999

Distributor
Professional Funds Distributor, LLC
760 Moore Road,
King of Prussia, PA 19406

Shareholder Services
800-787-3334

Operating Expense
1.00% net*
1.35% gross

Minimum Investment
$1,000

Advisor
Morris Capital Advisors, LLC

*Morris Capital Advisors, LLC, advisor to the Manor Investment Funds, has contractually agreed to waive its fees and /or absorb the expenses of the Fund to ensure that total annual operating expenses do not exceed 1.00% of the Fund's average net assets for the Bond Fund. This waiver may expire at any time.

MUTUAL FUNDS

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Bond Fund

Objective
Current income

Investment Philosophy
We believe that protecting principal value in fixed-income portfolios is best achieved by reducing credit risk and managing interest rate exposure.

Investment Process
The Fund employs an investment process with a focus on two aspects of bond portfolio valuations:

1. Credit risk

Strive to reduce credit-related risk by investing in portfolios of highest quality securities, primarily U.S. Treasury notes and bonds.

2. Interest rate risk

Strive to reduce interest rate risk by targeting an investment portfolio with average characteristics approximating the intermediate-term maturity and duration of the total bond market.
Manage interest rate risk over time by
- Striving to reduce both maturity and duration in periods of rising interest rates.
- Seeking to extending maturity and duration in times of falling interest rates.

Portfolio Characteristics as of 9/30/2011

Top Five Holdings	% Portfolio
U.S. Treasury 1.375% due 04/15/2012	25.7%
U.S. Treasury 1.250% due 10/31/2015	19.2%
U.S. Treasury 0.500% due 11/30/2013	16.2%
U.S. Treasury 0.750% due 11/30/2011	13.4%
U.S. Treasury 0.500% due 11/30/2012	12.1%

The portfolio is actively managed. Holdings and weightings are subject to change daily and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned..

Mutual fund investing involves risk, including possible loss of principal amount invested.

The bond market is generally volatile and fixed income investments carry interest rate risk, as interest rates rise, bond prices usually fall and as interest rates fall, bond prices usually rise. Fixed income securities also carry inflation risk and default risks, which is the possibility that the issues may default completely.

INDIVIDUAL INVESTMENT SERVICES

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