VAN DEN BERG MANAGEMENT I, INC

Van Den Berg Management I, Inc. (the "Company" or "Advisor") offers a comprehensive suite of wealth management and financial planning services under the name Century Management Financial Advisors. The Advisor also serves as the investment adviser to The CM Advisors Family of Funds under the name CM Fund Advisors. Additionally, the Advisor conducts business under the names Century Management and Century Management Investment Advisors. The Advisor's principal owner is Arnold Van Den Berg. The Advisor provides various advisory services to clients, including: * Investment management and financial planning * Business succession and exit planning consulting * General consulting services (as requested by the client) * Non-discretionary investment advisory services * Seminars, information analyses, and reports on various topics * Access to research analysts, corporate management personnel, and other experts * Comparative performance evaluation and technical measurement services * Online trading systems for executing trades * Products and services that assist the Advisor in carrying out its responsibilities, such as third-party publications, reports, analyses, and computer and electronic access

The advisor has developed five general investment strategies: Aggressive, Moderately Aggressive, Moderate, Moderately Conservative, and Conservative. Each strategy is designed to match a specific risk tolerance and investment objective common among investors. The advisor will match a client with a specific investment strategy based on the client's risk tolerance and investment objective. For 401(k) plan clients, the advisor will typically provide plan sponsors with a mutual fund line-up that will allow for broad diversification so that a plan participant can actualize a specific investment objective. The advisor will use an investment method selected by the client to implement these investment strategies.

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