William Mason serves as the Portfolio Manager and is primarily responsible for the day-to-day operations of the Opportunity Fund which commenced operations on July 8, 2013. Mr. Mason also serves as Portfolio Manager of the Energy Fund and serves as Co-Portfolio Manager of the Real Estate Fund and the Income Fund.

Mr. Mason was previously the Portfolio Manager of the Municipal Tax Free Bond Fund from February 29, 2008 through May 17, 2009.

Mr. Mason joined the Adviser on February 29, 2008. Mr. Mason’s career spans over thirty-five years in the municipal bond industry and includes over twenty years with DLA where he was the Executive Vice President of Fixed Income Trading.

On behalf of DLA, he managed trading, underwriting, institutional sales and dealer sales covering products such as, municipal bonds, treasuries, collateralized mortgage obligations, corporate bonds and unit investment trusts. He also managed DLA’s proprietary fixed-income trading accounts.

His career began at Merrill Lynch in 1980 in back office operations until he advanced to the trading department where he stayed until 1983.

Mr. Mason then moved to Morgan Stanley where he was the Manager of Trading Operations from 1983 until 1985 when he became an Institutional Trader. In 1988 he left Morgan Stanley and started working at DLA where he became Head of the Trading Department. He is also a member of the Municipal Bond Club of New York.

Mr. Mason holds a General Securities Principal (Series 24) license, Municipal Securities Principal (Series 53) license, General Securities Representative (Series 7) license, and Uniform Securities Agent State Law Examination (Series 63) license.