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The Torray Institutional Fund
The Torray Institutional Fund is a no-load, open end, mutual fund. The minimum investment to open a new account is $5,000,000.

The Torray Funds are available for purchase by residents of the US, Puerto Rico, Guam, and the US Virgin Islands only. The Funds are managed by Torray LLC.
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News From Torray
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Distributors
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Shares of The Torray Funds are distributed by
PFPC Distributors, Inc.
King of Prussia, PA
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NAV for Friday, September 5, 2008 |
| SYMBOL |
CLOSE |
CHANGE |
YTD% |
| TORYX |
$30.54 |
+0.11 |
-12.22% |
| TORRX |
$68.58 |
+0.23 |
-12.20% |
The returns quoted represent past performance, and they do not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher. The Torray Fund's Annual Operating Expense Ratio, as stated in the current prospectus, is 1.09%. i>
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