Small Cap Value Fund

Investment Strategy

The strategy seeks market-leading companies — as defined by momentum, earnings quality, financial strength, and earnings growth — that are priced at a substantial valuation discount to peers. The strategy is based on a separately managed account launched in March 2004. Please see the prospectus for the performance of that product.

Fund Facts

O’Shaughnessy Small Cap Value Fund


Inception Date: 2/26/16
Shares Ticker Symbol Cusip Net Expenses* Gross Expenses Minimums
Class I OFSIX 00770X436 0.99% 4.80% $10,000

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

OFSIX 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 I OFSIX 0.10212176 0.61745000
12/29/16 12/30/16 I OFSIX 0.01331147
12/15/16 12/16/16 I OFSIX 0.13239629


Characteristics as of 6/30/2018

Small Cap Value Fund
Russell 2000®
Value Index

Holdings Based

Price/Earnings Ratio

Price/Sales Ratio

1-Year Historical Earnings Growth Rate*

Weighted Average Market Capitalization
$1,871 mil
$2,077 mil

Median Market Capitalization
$1,445 mil
$831 mil

Foreign Exposure

Approximate Number of Holdings

* 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.

Mutual fund investing involves risk. Principal loss is possible.

Principal Risks of Investing in the Fund:
Foreign investments involve additional risks, including greater volatility and political, economic, and currency risks and differences in accounting methods. Emerging markets countries involve greater risks, such as immature economic structures, national policies restricting investments by foreigners, and different legal systems. Such risks may be magnified with respect to securities of issuers in frontier emerging markets. Small capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. The Fund may experience higher fees and is subject to additional risks due to investments in other investment companies (including ETFs).

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