Al Frank Dividend Value Fund
The Al Frank Dividend Value Fund (VALDX) is an actively managed equity mutual fund that seeks total return from capital appreciation and, to a lesser extent, dividend income. Its portfolio is broadly diversified—via exposure to a significant number of market sectors and industry groups—with the Advisor selecting dividend-paying equity securities that it believes are trading for low fundamental valuations relative to what the Advisor thinks they will be worth over the next five years. Securities are held until the advisor believes that they have reached fair value. The Advisor believes that investing in dividend-paying stocks will result in lower levels of volatility. The fund is designed for long-term-oriented investors
(1) Represents the percentage increase/decrease in the net asset value from the prior trading day.
(2) Performance for periods less than one year is not annualized.
(3) Inception date for the Al Frank Dividend Value Fund Advisor Class is September 30, 2004 and Investor Class is April 30, 2006.
The Russell 3000TR Index measures the performance of the largest 3000 U.S. companies. It is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is reconstituted annually to ensure new and growing equities are reflected. The Russell 3000TR Index is in comparison to the Investor Class of the Al Frank Fund and Al Frank Dividend Value Fund. The data shown does not reflect of compare features of an actual investment, such as its objectives, costs and expenses, liquidity, safety, guarantees or insurance, fluctuation of principal or return, or tax features. You cannot invest directly in an index.
The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements, is 1.98% and 1.73% for Investor Class and Advisor Class, respectively. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. A Fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month end, please call toll-free 1-888-263-6443.
Portfolio holdings are subject to change and should not be considered to be investment advice.