"Mark Oelschlager, the manager of Oak Associates’ Pin Oak Equity fund, has shown he can be a good shepherd in good times and bad. The $246.4 million fund, which has earned a five-star rating from Morningstar, is ranked No. 1 in its large blend category for the past 10 and 15 years, and has outperformed both its peers and the S&P 500 for the past three, five, 10, and 15 years. The no-load fund charges annual fees of 0.97%."
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The thoughts and opinions expressed are solely those of the person speaking as of July 30, 2018. There can be no assurance with regard to future market movements. The discussion of individual companies should not be considered a recommendation of such companies by the Fund’s investment adviser. The discussion is designed to provide viewers with an understanding of how the Fund’s investment adviser manages the Fund’s portfolio. There can be no assurance with regard to future market movements. Mutual fund investing involves risk. Principal loss is possible. The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Fund and may be obtained by calling 1-888-462-5386. Read it carefully before investing. Distributed by Ultimus Fund Distributors, LLC.
|As of 06/30/2018||1-Year||3-Year||5-Year||10-Year||Since Inception|
|Pin Oak Equity Fund (8/3/1992)||3.95%||14.19%||13.93%||14.10%||14.20%||8.33%|
|S&P 500 Total Return Index||3.43%||14.37%||11.93%||13.42%||10.17%||9.61%|
|Morningstar Large Blend Category||2.68%||12.58%||9.93%||11.73%||9.08%||N/A|
Gross Expense Ratio .97%
Net Expense Ratio .97%
The 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 not be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-888-462-5386.
As of June 30, 2018, Pin Oak Equity Fund’s top ten holdings are:
|Alphabet, Inc. – Classes A & C||7.10%|
|The Bank of New York Mellon Corp.||5.40%|
|The Charles Schwab Corp.||5.12%|
|Twenty-First Century Fox, Inc.||4.80%|
|Valero Energy Corp.||4.70%|
Holdings are subject to change.
The S&P 500 Index is a commonly recognized, market capitalization weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance. One cannot invest directly in an index
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. As of 06/30/18 Pin Oak Equity Fund was rated against the following numbers of U.S.-domiciled Large Blend funds over the following time periods: 1166 funds in the overall and last three years, 1042 funds in the last five years, and 776 funds in the last ten years. Pin Oak Equity Fund received a Morningstar Rating of five stars, five stars, five stars, and five stars for the overall, three-, five- and ten-year periods, respectively.
Past performance is no guarantee of future results.