Investment Strategy

Seeks to provide long-term growth by investing in mostly large capitalization domestic equities. The strategy seeks market-leading companies that meet our quality criteria with attractive valuations and high “shareholder yield” — which combines a company's annual dividend and its annual rate of stock buybacks. Stocks are selected and weighted based on conviction and are broadly constrained by sector and industry. The strategy is based on a separately managed account launched in December 2001. Please see the prospectus for the performance of that product.

PERFORMANCE

Performance as of 3/31/2021*

O'Shaughnessy Market Leaders Value Fund (I)
Russell 1000® Value Index

MTD
6.4%
5.9%

QTD
15.7%
11.3%

1-Year
70.0%
56.1%

3-Year
9.4%
11.0%

5-Year
12.6%
11.7%
Since
Inception
2/26/2016
13.7%
12.9%

* Expenses:
* All returns greater than one-year are annualized.
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 shown without sales charge does not include the load or CDSC. If reflected, the load or fee would reduce the performance quoted. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced.

FUND FACTS

O'Shaughnessy Market Leaders Value Fund
Inception Date: 2/26/2016
Shares Ticker Symbol Cusip Net Expenses Gross Expenses Minimums
Class I OFVIX 00770X444 0.57% 0.57% $10,000

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:
Declared Date Ex-Date
Reinvestment Date
Payable Date
Class Ticker Income Short-Term Long-Term
12/7/2020 12/8/2020 I OFVIX 0.30566936
12/10/2019 12/11/2019 I OFVIX 0.22400000
12/10/2018 12/11/2018 I OFVIX 0.12129832 0.07495 0.69667
12/11/2017 12/12/2017 I OFVIX 0.17810756 0.03790 0.30276
12/15/2016 12/16/2016 I OFVIX 0.12485516
 
CHARACTERISTICS

Characteristics as of 3/31/2021
For definitions of our characteristics, please visit our glossary page.
Holdings Based * O'Shaughnessy
Market Leaders Value Fund
Russell 1000® Value Index
Price/Earnings Ratio 19.5x 24.1x
Price/Sales Ratio 1.9x 2.2x
1-Year Historical Earnings Growth Rate* 13.1% -29.8%
Weighted Average Market Capitalization $68,488 Mil $147,489 Mil
Median Market Capitalization $35,206 Mil $12,493 Mil
Approximate Number of Holdings 70 860
 
Returns Based
(Fund statistics based on Class I NAV)
Standard Deviation 18.9% 16.2%
Downside Standard Deviation 12.7% 10.9%
Sharpe Ratio 0.67 0.74
Beta 1.13 1.00
Information Ratio 0.15
Tracking Error 5.2%
Downside Capture 106.8% 100.0%
Upside Capture 108.9% 100.0%

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

SECTORS

Sector Distribution* as of 3/31/2021 (%)

O'Shaughnessy Market Leaders Value Fund
Russell 1000® Value Index
Difference
Communication
Services
10.0%
9.2%
0.8%
Consumer
Discretionary
4.8%
7.8%
-3.0%
Consumer
Staples
5.6%
7.1%
-1.5%

Energy
3.5%
5.1%
-1.6%

Financials
26.7%
20.6%
6.1%
Health
Care
10.1%
12.6%
-2.5%

Industrials
12.6%
13.9%
-1.3%
Information
Technology
12.3%
9.5%
2.8%

Materials
7.8%
4.8%
3.0%
Real
Estate
6.6%
4.3%
2.3%

Utilities
0.0%
5.0%
-5.0%

* 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. Medium 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.

OTHER STRATEGIES

The statements on this page are qualified in their entirety by the disclaimers and limitations contained here.