Investment Performance

Matrix Advisors Value Fund (MAVFX) Performance Record

As ofNAV1 DayYTD1 Year3 Years (annual)5 Years (annual)10 Years (annual)Since Inception* (annual)
March 31, 2022$87.52--4.86%9.72%17.17%12.06%11.15%8.51%
June 30, 2022$73.48--20.12%-14.61%9.10%8.11%10.22%7.70%
July 21, 2022$77.961.05%-15.25%-10.37%10.95%9.09%11.07%-

Gross Expense Ratio:  1.21%
Net Expense Ratio:      0.99%**

**The Advisor has contractually agreed to reduce fees through 10/31/22.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value on 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 figures reflect fee waivers in effect and in the absence of such waivers, total returns would be lower.  Matrix Asset Advisors became the sub-advisor on July 1, 1996 and Advisor to the Fund on May 11, 1997.  Prior to those dates, the Fund was managed by another advisor.

*The fund’s inception was 7/1/96.

Mutual Fund investing involves risk. Principal loss is possible. The Fund may invest in smaller companies, which involves additional risks such as limited liquidity and greater volatility.