Fund Performance
Periods Ending 12/31/11
| |
QTR |
1 Year |
3 Year |
5 Year |
Since Inception
11/3/03 |
| BVEFX |
11.91% |
-0.65% |
12.25% |
0.17% |
5.70% |
| BVEIX1 |
11.90% |
-0.57% |
12.28% |
0.19% |
5.71% |
| Russell 1000 Value2 |
13.11% |
0.39% |
11.55% |
-2.64% |
4.42% |
| S&P 5003 |
11.82% |
2.11% |
14.11% |
-0.25% |
4.22% |
The total gross expense ratio of the Fund as disclosed in the most recent prospectus is 1.10% and 0.85% and the net expense ratio after contractual fee waivers is 0.94% and 0.69% for BVEFX and BVEIX, respectively. The advisor has contracted with the Fund through 2/28/13 to cap certain operating expenses at 0.93% and 0.68% plus Fees and Expenses of Acquired Funds of 0.01% and 0.01% for BVEFX and BVEIX, respectively.
Performance figures shown are past performance and are not a guarantee of future results. Due to market volatility, fund performance may fluctuate substantially over the short-term and current performance may differ from that shown. The value of the Fund's shares and their return will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data current to the most recent month end may be obtained by calling 800-551-3998. Periods over one year are annualized. The fund imposes a 1% redemption fee on shares redeemed within 30 days of purchase. Performance data does no reflect the redemption fee. If it had, returns would be lower.
1 The performance shown for BVEIX (institutional shares) include performance of BVEFX (retail shares) for periods prior to 9/2/11, the inception of the institutional shares. The retail shares were first offered on 11/3/03, and they impose higher expenses than that of the institutional shares.
2 The Russell 1000 Value measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. The performance of the index does not reflect deductions for fees, expenses, or taxes. Index is not available for purchase.
3 The S&P 500 is an unmanaged index which includes a representative sample of 500 leading companies in leading industries of the U.S. economy. Index is not available for purchase.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Funds' before investing. The Funds' prospectus contains this and other information about the Funds, and should be read carefully before investing. You may obtain a current copy of the Funds' prospectus by calling 1-800-551-3998. Past performance is no guarantee of future results. Your Fund shares, when redeemed, may be worth more or less than their original cost. Distributed by Unified Financial Securities, Inc., 2960 N. Meridian Street, Suite 300, Indianapolis, IN 46208-4715 (Member FINRA).