Biondo Growth Fund Prospectus

Biondo Focus Fund Prospectus

Effective December 8, 2008, the name of the Fund changed from the iShares Lehman SHY Bond Fund to the iShares Barclays SHY Bond Fund to reflect a change in the name of the Underlying Index from the Lehman Brothers U.S. SHY Index to the Barclays Capital U.S. SHY Index.

Business Continuity Plan