Janet M. Brown is President of DAL Investment Company, a San Francisco based RIA that pioneered the use of no-load mutual funds to manage large separate accounts. Ms. Brown is also Managing Editor of NoLoad Fund*X, a no-load fund and ETF investment newsletter, and Portfolio Manager of The Upgrader Funds, a series of no-load funds. Since joining DAL in 1978, she has developed the successful Upgrading investment strategy that is the foundation of all three—a quantitative discipline that leads investors to top performing funds and ETFs, whether for growth or safety. Ms. Brown frequently speaks at investor events and is interviewed by the media on investment and mutual fund issues.