3 Month	Year To Date	1 Year	5 Year 1	10 Year 1	Since Inception 1/18/931
Oak Value Fund	1.12%	-4.55%	-4.55%	8.85%	3.67%	10.40%
S&P 500 2	1.03%	-5.03%	-4.68%	10.62%	3.89%	9.90%

 
 

¹ Annualized

The performance numbers quoted represent past performance and past performance does not guarantee future results. 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 may be lower or higher than the performance data quoted. The Fund imposes a 2% redemption fee on shares redeemed within 90 days of their purchase date. Please keep in mind the performance information above does not reflect the imposition of a 2% redemption fee. See the Fund's current Prospectus for more information on the Fund's redemption fee. The Fund's annualized gross expense ratio as of fiscal year-end (6/30/07) was 1.35%.

Performance information for the Fund reflects the performance of its predecessor, also named Oak Value Fund, for periods before May 19, 1995 when that fund was reorganized into the Fund. The 1993 performance shown for both the Oak Value Fund and the S&P 500 Stock Index is a "partial year" covering the 1/18/93-12/31/93 time period.

² Comparisons to benchmarks have limitations because benchmarks have volatility and other material characteristics that may differ from open-end mutual funds. Because of these differences, benchmarks should not be relied upon as an exact measure of comparison. Indices are unmanaged and do not reflect the payment of advisory fees and other expenses associated with open-end mutual funds. Investors cannot directly invest in an index, though index funds designed to replicate the performance of various indices are generally available. The S&P 500 index is weighted by market value, and its performance is thought to be representative of the stock market as a whole. The S&P 500 index was created in 1957, although it has been extrapolated backwards to several decades earlier for performance comparison purposes. This index provides a broad snapshot of the overall U.S. equity market; in fact, over 70% of all U.S. equity is tracked by the S&P 500. The index selects its companies based upon their market size, liquidity, and sector. Most of the companies in the index are mid cap or large cap corporations. The S&P 500 Index referenced includes the reinvestment of dividends.

An investor should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The current prospectus contains this and other information about the Fund. For a prospectus, please call 1 (800) 622-2474 or visit the Fund's website www.oakvaluefund.com. Read the prospectus carefully before investing.