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Investing involves risk, including loss of principal. Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Value investing involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remain undervalued for long periods of time.
The views and opinions expressed in this material are those of the participants. There is no guarantee that any opinions in this material will be realized. Information should not be construed as investment advice nor be considered a recommendation to buy, sell or hold any particular security.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-800-470-1029. Distributed by Unified Financial Securities, LLC. (Member FINRA)
Through 03/31/2017, the Appleseed Fund (APPLX) generated a one year return of 8.57%, a three year annualized return of 0.74%, a five year annualized return of 5.14%, a ten year annualized return of 5.84% and an annualized return of 6.17% since the Fund’s inception on 12/08/06.
Performance data quoted above represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month is available by calling us toll free at 1-800-470-1029.
The Investor Class gross expense ratio is 1.48%, and the net expense ratio is 1.25%. The Institutional Class gross expense ratio is 1.23%, and the net expense ratio is 1.06%. The Fund’s Adviser has contractually agreed to limit its receipt of payments under the Fund’s Administrative Services Plan to 0.19% of the average daily net assets of Investor Class shares through January 31, 2018. This expense cap may not be terminated prior to this date except by the Board of Trustees. The Fund’s Adviser has contractually agreed to waive its management fee and/or reimburse expenses so that total annual operating expenses (excluding brokerage fees and commissions; fees paid pursuant to the Administrative Services Plan (Investor Class only); borrowing costs, such as (a) interest and (b) dividend expenses on securities sold short; any 12b-1 fees; taxes; extraordinary expenses; and any indirect expenses, such as acquired fund fees and expenses) do not exceed 0.95% of the Fund’s average daily net assets through January 31, 2018. Any waiver or reimbursement by the Advisor is subject to repayment by the Fund within three fiscal years; provided that the Fund is able to make the repayment without exceeding the 0.95% limitation. This expense cap may not be terminated prior to this date except by the Board of Trustees. The Fund’s ninety day redemption fee is 2.00%.
As of 03/31/2017 the following represent the fund’s top ten holdings – Sprott Physical Gold Trust – 14.53%, Herbalife Ltd – 9.77%, United Natural Foods Inc – 6.28%, SK Telecom Co Ltd ADR – 4.75%, Hyundai Home Shopping Network Corp – 4.31%, Oaktree Capital Group LLC – 4.18%, Mexico Utd Mex – 3.72%, Toyo Tanso Co Ltd – 3.04, Bayerische Motoren Werke AG – 2.98%, Jones Lang LaSalle Inc – 2.92%.