Performance as of 6/30/2019*
O'Shaughnessy Small-Mid Cap Growth Fund (I)
Russell 2500® Growth Index
* Expenses: Expenses: Net** (I) 1.19%; Gross (I) 1.83%
* All returns greater than one-year are annualized.
** The Adviser is sensitive to expenses and has contractually agreed to waive fees through November 27, 2019.
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 shown without sales charge does not include the load or CDSC. If reflected, the load or fee would reduce the performance quoted. 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.