Geier Strategic Total Return Fund extends expense limit into 2013

By Toni Weeks

San Diego, Dec. 30 - Valued Advisers Trust announced in a 497 filing with the Securities and Exchange Commission that its current expense limitation agreement for the Geier Strategic Total Return Fund has been extended through Feb. 28, 2013.

The agreement with Marriottsville, Md.-based Geier Asset Management, Inc., the fund's investment adviser, limits certain operating expenses of the fund to 1.95%.

The filing also said that the agreement was modified on Oct. 31 so that Geier can voluntarily reimburse the fund for some operating expenses, such as brokerage, interest, taxes and other expenses, that are not covered by the agreement. Furthermore, the adviser may be able to recover such reimbursed expenses at a future date if the conditions of the expenses limitation agreement are satisfied.

The fund also announced it has modified its principal investment strategies and will now allow the fund to invest in municipal securities.

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