Robert C. Auer

Robert C. Auer serves as the Chief Investment Officer and a portfolio manager at
SBAuer Funds, LLC.The Auer Growth Fund (AUERX) is managed by father and son team
Bryan and Robert Auer. They are both jointly responsible for portfolio
management. Mr. Auer was Vice President of Investments at Morgan Stanley from
1986 and 2007 where he managed 350 accounts totaling $100 million. From 1996 to
2004, his stock market column, “Bulls and Bears,” appeared weekly with over 400
investment columns written on a wide variety of investment topics in the
Indianapolis Business Journal.