Pinnacle Value  PVFIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Small Value Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Small
   Value
  
  
As of 2009-06-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 12.65
  
YTD Return % (2009-11-20)
10.48%
  
Total Assets ($ mil)
64
View Data Definitions
  Performance    
Growth of $10,000 Fund: Pinnacle Value
(from 2003-04-01 to 2009-10-31) Category: Small Value
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2003-04-01 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 10.48 16.35 3.43 5.87 --- 8.90
+/- Category -8.71 5.13 11.15 4.85 --- ---
+/- S&P 500 TR -13.04 -32.45 9.33 5.19 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 11.28 -1.84 4.35 8.50 --- 9.50
Month-End (as of 2009-10-31) 8.17 5.22 3.36 6.90 --- 8.90
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 2.97 1.98 5.34 --- ---
On Distribution & Sale of Shares --- 5.06 2.51 5.32 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 317 funds), (5 yrs : out of 242 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 1.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 4.32
Software 0.20
Hardware 3.04
Media 0.15
Telecommunications 0.94
Service 64.72
Healthcare 3.10
Consumer Services 2.87
Business Services 10.71
Financial Services 48.04
Manufacturing 30.96
Consumer Goods 5.07
Industrial Materials 17.93
Energy 7.41
Utilities 0.55
Asset Allocation
% of Net Assets
Cash 44.1
Stocks 54.7
Bonds 0.1
Other 1.2
Foreign Stocks 7.8
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings 38 Turnover % 66
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 28.49 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Asta Funding, Inc. --- 159.93 4.28
First Acceptance Corporation --- -32.76 3.62
MVC Capital, Inc. 4.17 -5.93 3.36
Wesco Financial Corporation 25.00 17.67 3.23
ZAPATA Corporation --- 12.77 2.78
Unit Corporation 8.73 38.96 2.44
Hallmark Financial Services 14.14 -10.49 2.39
JHancock Bank & Thrift Opp --- --- 2.33
Flexsteel Industries, Inc. 60.24 27.50 2.13
Capital Southwest Corporation --- -28.16 1.93
Data through 2009-06-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2003-04-01
Portfolio Manager  (Start Date)
John E. Deysher  (2003-04-01)
Deysher started his investment career with Kidder Peabody in 1983 where he managed equity and fixed income portfolios for individuals and small institutions. He holds a Bachelors degree from the Pennsylvania State University, and Masters degrees from Indiana University, Bloomington (Business) and the University of California, Berkeley (Science). Deysher holds the Chartered Financial Analyst designation.
Sales Charge %
(taken from prospectus dated 2009-05-01)
Front: None
Deferred: None
Expense Ratio % 1.49
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information
1414 Sixth Ave
Ste 900
New York,  NY  10019
Telephone:
877-369-3705
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.