PRIMECAP ODYSSEY FUNDS

The PRIMECAP Odyssey Funds were launched on November 1, 2004. PRIMECAP Management Company is the investment advisor for each of the three funds:

PRIMECAP Odyssey Stock Fund

PRIMECAP Odyssey Growth Fund

PRIMECAP Odyssey Aggressive Growth Fund (Closed)

PRIMECAP Management Company was founded in September 1983 in Pasadena, CA, as an independent investment management company. The firm's goal is to provide superior long-term equity investment results by following an investment approach based on four key principles:

Commitment to fundamental research
Long-term investment horizon
Emphasis on individual decision-making
Focus on value

We appreciate your interest in the PRIMECAP Odyssey Funds.

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Before you invest in any PRIMECAP Odyssey Fund, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a prospectus by calling 1-800-729-2307. The prospectus should be read carefully before you invest or send money.

Shares of the PRIMECAP Odyssey Mutual Funds are offered only to United States residents, and information on this site is intended for such persons.

Mutual fund investing involves risk. Principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. All Funds may invest in foreign securities which involves greater volatility and political, economic and currency risks and differences in accounting methods. Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales.

The PRIMECAP Odyssey Funds are distributed by Quasar Distributors, LLC.

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