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The Maryland Tax-Free Portfolio and the Virginia Tax-Free Portfolio are no-load mutual funds earning income free from federal and state tax. For a free prospectus, please contact us at 888 200.4710 or visit www fbr com/funds/.
FBR MUTUAL FUNDS, 4922 FAIRMONT AVE. BETHESDA, MD 20814
investors should consider the fund's investment objectives. risks charges and apenses. Please read Ire prospectus carefuly setae you rvest or send norey Mutual Funds are Not rsira) by the FDC. Not a oepost or other ooigation of. or guaranteed by-, ary * ngndal sstificn. Sated tc r vestmer t risks, indudog loss of the prncipai amount investee Some income may oe subject to me •eoerai alternate minimum ax. 'ncome earned by ror-Maryiand or w-yrgira residents *1 be subject to appicade state and local taxes The Tax-Free Pontons are distributed by FFf Investment Se-vices, Inc Member NASDiSlPC
HFBR
Fneoman BiHmgs Ramsey
46.8%