Al Frank Fund
The Al Frank Fund (VALUX) is an actively managed equity mutual fund that seeks total return from capital appreciation. Its portfolio is broadly diversified—via exposure to a significant number of major market sectors and industry groups—with the Advisor purchasing equity securities that it believes are trading for low fundamental valuations relative to what the Advisor thinks their businesses will be worth over the next five years. The Advisor then attempts to purchase the securities and hold them until it believes that the securities have reached a fair value. The Al Frank 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) The Inception date for the Al Frank Fund Investor Class is January 2, 1998 and Advisor 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 1.58% for Investor Class and 1.32% for Advisor Class. 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. The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until April 30, 2017, to ensure that the net annual fund operating expenses will not exceed 1.49% for Investor Class and 1.24% for Advisor Class, subject to possible recoupment from the Fund in future years. Please review the Fund’s Prospectus for more detail on the expense waiver. Results shown reflect the waiver, without which the results could have been lower. 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.
The data shown does not reflect or 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
Portfolio holdings are subject to change and should not be considered to be investment advice.