The unsubsidized 30-day SEC yield — which excludes fee waivers contractually agreed upon through November 27, 2017 — would be 2.09%. Distribution yield is calculated by dividing the sum of all distributions paid over the previous 12 months by the net asset value at the end of the period.
Expenses: Net** (I) 0.99%; Gross (I) 1.40%
* All returns greater than one-year are annualized.
Performance data quoted 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 end may be obtained by calling (877) 291-7827.
To discourage mutual fund timers the Fund imposes a 2.00% redemption fee on shares held for
less than 90 days. Performance data does not reflect the redemption fee. If it
had, returns would be reduced. Investment performance reflects fee waivers in
effect. In the absence of such waivers, total return would be reduced.
** For the fiscal year ended July 31, 2015, O’Shaughnessy Asset Management, LLC (the “Adviser”) recouped 0.08% of the Fund’s average daily net assets, to bring Total Annual Fund Operating Expenses After Recouped Management Fees to the Fund’s expense cap of 0.99% of average daily net assets. At the fiscal year ended July 31, 2015, the Fund was subject to further recapture of previously waived fees and Fund expenses paid by the Adviser.