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Davidson Investment Advisors' CIO Interviewed on Wall Street Journal Radio

Ed Crotty, Chief Investment officer of Davidson Investment Advisors, was recently featured on the Wall Street Journal Radio. In the interview, Mr. Crotty offers his thoughts on the economy and trends he sees in the market. To listen to the full interview, follow the link below.

http://on.wsj.com/1gFvFPY


http://davidsonmutualfunds.com/multiCap.cfm#panel2

Architecture Billing Index (ABI)- a diffusion index derived from the monthly Work-on-the-Boards survey, conducted by the AIA Economics & Market Research Group. The ABI serves as a leading economic indicator that leads nonresidential construction activity by approximately 9-12 months.

Cash flow-the total amount of money being transferred into and out of a business, esp. as affecting liquidity.

Return on Capital-A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments.

Important Disclosures:

The Davidson Multi-Cap Equity Fund is unconstrained by market capitalization and style classification, creating a portfolio diversified by economic sector and focused on where the greatest market opportunities are viewed. The Fund is fundamentally focused, seeking to invest in profitable companies with attractive return on capital, cash flow and growth prospects. Of key importance are strong management teams with sound, achievable strategies. For more information on the Multi-Cap Equity Fund and other Davidson Funds offerings, please visit www.davidsonmutualfunds.com.

About Davidson Investment Advisors:
A registered investment adviser, Davidson Investment Advisors has provided asset management services for corporations, employee benefit plans, foundations, individuals and trusts since its inception in 1975, applying a consistent, repeatable and time-tested approach to portfolio management with a particular focus on the application of independent thought within the context of a team orientation. For more information, please visit www.davidsoninvestmentadvisors.com.

Davidson Investment Advisors is a subsidiary of D.A. Davidson Companies, an employee-owned financial services holding company with over 1,350 employees. D.A. Davidson Companies is based in Montana and operates from offices in 24 states, with its main footprint across the West and Midwest. Also part of the D.A. Davidson Companies family are D.A. Davidson & Co., a full-service brokerage firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio management services.

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security. Click here for the Davidson Multi-Cap Equity Fund’s top 10 holdings.

Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.

Headquarters: Great Falls, MT
Toll-free: 1-877-332-0529
Founded: 1975
Assets Under Management: $1.8 billion