All Cap Core Fund

Investment Strategy

The strategy offers a diversified portfolio of companies across market caps and equity styles with exposure to large value, large growth, and small-mid cap stocks. Stocks are selected based on the themes that our research suggests works very well in their own right, but also in concert with each other. The strategy seeks to select high-quality stocks that are cheaper than peers, appreciating faster than peers, and have strong yield. The strategy is based on a separately managed account launched on January 2003. Please see the prospectus for the performance of that product.

Product Info

Download Application Forms

Download the Fund Factsheet
( Class A, C, I ) ( Class I )

Download the Prospectus
( Class A & C ) ( Class I )

Download the Statements of Additional Information

Fund Facts

O’Shaughnessy All Cap Core Fund


Inception Date: 8/16/2010
Shares Ticker Symbol Cusip Net Expenses* Gross Expenses Minimums
Class A OFAAX 007989130 0.85% 2.01% $2,500
Class C OFACX 007989122 1.60% 2.71% $2,500
Class I OFAIX 007989114 0.60% 1.31% $10,000

* The Adviser is sensitive to expenses and has contractually agreed to waive fees through November 27, 2018.

Fund distributions and/or dividend payments are scheduled for December each year.

Please call (877) 291-7827 to obtain estimated payment information.

Past Dividend Payment History:
Reinvestment Date
Payable Date
Class Ticker Income Capital Gains
Short-Term Long-Term
12/11/17 12/12/17 A OFAAX 0.29786699 0.53187 4.88243
C OFACX 0.12178337 0.53187 4.88243
I OFAIX 0.36493192 0.53187 4.88243
12/15/16 12/16/16 A OFAAX 0.31953733 0.95301
C OFACX 0.21989687 0.95301
I OFAIX 0.36284228 0.95301
12/7/15 12/8/15 A OFAAX 0.08088972 1.16228
C OFACX 1.16228
I OFAIX 0.11157495 1.16228
12/1/14 12/2/14 A OFAAX 0.07132588 2.43284
C OFACX 0.02903055 2.43284
I OFAIX 0.15259622 2.43284
12/2/13 12/3/13 A OFAAX 0.13102206 0.01894 1.23165
C OFACX 0.03585267 0.01894 1.23165
I OFAIX 0.16697015 0.01894 1.23165
12/3/12 12/4/12 A OFAAX 0.17466825
C OFACX 0.09199888
I OFAIX 0.20784127
12/5/11 12/6/11 A OFAAX 0.03161836 0.05620
C OFACX 0.00650676 0.05620
I OFAIX 0.03608650 0.05620
12/6/10 12/7/10 A OFAAX 0.02535135 0.01937 0.00000
C OFACX 0.02494938 0.01937 0.00000
I OFAIX 0.02757641 0.01937 0.00000


Characteristics as of 6/30/2018

All Cap Core Fund
RusselRussell 3000® Index

Holdings Based

Price/Earnings Ratio
Price/Sales Ratio
1-Year Historical Earnings Growth Rate*
Weighted Average Market Capitalization
$54,274 mil

$180,001 mil

Median Market Capitalization
$15,809 mil
$1,833 mil
Foreign Exposure
Approximate Number of Holdings

Returns Based (Fund statistics based on Class I NAV)  
Standard Deviation
Downside Standard Deviation
Sharpe Ratio
Beta 1.00 1.00    
Information Ratio -0.09    
Tracking Error

Downside Capture
Upside Capture

* The Earnings Growth Rate is not a measure of the fund’s future performance.

Current Sector Weightings

Sector Distribution* as of 6/30/2018 (%)

* Sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.


Performance as of 6/30/2018*

to Date
Most Recent Quarter 1-Year 3-Years 5-Years Since

Class A Without sales charges -0.31% 4.21% 15.94% 12.05% 13.06% 14.34%
  With maximum sales charges -5.57% -1.23% 9.88% 10.04% 11.85% 13.57%
Class C Without sales charges -0.41% 4.02% 15.02% 11.12% 12.17% 13.37%
  With maximum sales charges -1.41% 3.02% 14.25% 11.12% 12.17% 13.37%
Class I Without sales charges -0.31% 4.27% 16.15% 12.27% 13.30% 14.51%
  With maximum sales charges
Russell 3000® Index 0.65% 3.89% 14.78% 11.58% 13.29% 14.89%
Expenses: Net** (A) 0.85%; (C) 1.60%; (I) 0.60%; Gross (A) 2.01%; (C) 2.71%; (I) 1.31%
* All returns greater than one-year are annualized.
** The Adviser is sensitive to expenses and has contractually agreed to waive fees through November 27, 2018.

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. Performance data shown with maximum sales charge reflects the Class A maximum load of 5.25% or the contingent deferred sales charge of 1.00% for the class C shares. 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.

Mutual fund investing involves risk. Principal loss is possible.

Principal Risks of Investing in the Fund:
The Fund invests in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater in emerging markets. Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. REITs and foreign real estate companies may be less diversified than other pools of securities, may have lower trading volumes and may be subject to more abrupt or erratic price movements than the overall securities markets. Risks of derivatives include the possible imperfect correlation between the value of the instruments and the underlying assets; risks of default by the other party to the transaction; risks that the transactions may result in losses that partially or completely offset gains in portfolio positions; and risks that the instruments may not be liquid. Diversification does not guarantee a profit or protect from loss in a declining market.

The O'Shaughnessy Funds are distributed by Quasar Distributors, LLC.