The Jagen Investment Model provides access to institutional investment opportunities typically unavailable to individual investors. Special features of Jagen funds may cause the fair market value of an investor's units to be less than their net asset value at any given time. The fair market value is determined by annual qualified appraisals and can be discounted compared to the net asset value. Converting a traditional IRA to a Roth IRA using Jagen funds may allow paying taxes on a lower fair market value, making future Roth IRA distributions tax-free.